We provide options for good and bad credit clients.

Both may apply. Applications are subject to our lending criteria, ensuring that any car payment is affordable for you and your family and that it will fit comfortably within your weekly budget. Applications may be declined

Our Fees

Our fees will be detailed and itemised on your loan agreement.

These will include:

  • Finance Establishment fee (presently $300)
  • Loan Documentation fee (presently $150)
  • PPSR Security Fee (presently $20)
  • Warranty Cover, a general mechanical warranty on terms and conditions supplied within the contract for the period specified. $880 and an excess of $250 to be paid by the customer
  • An Account Management Fee of $9 per month – to cover the administration of your loan account and processing of payments
  • A letter fee of $25 is charged to your account any time you request a statement of your account that we are not required to send you. In addition, a letter fee of $25 is charged to your account if the Lender writes to you regarding a breach of your contract, or if you request the Lender to write to a third party
  • A Missed Payment fee of $30 is charged to your account anytime you miss a payment, short pay, or are late with a payment or other such default
  • A Communication fee of $5 is charged any time we have to telephone, email, message or otherwise contact you regarding a missed payment, short payment, late payment or any other communication not already listed in the Fee Schedule.
  • A fee of $1.50 per day will apply from the time you fail to make a due payment, or miss a scheduled payment until all arrears (including all interest, default fees and all monies payable by reason of or in relation to such failure to comply) are paid.
  • Current interest rates are Fixed and between 15% and 27.9% (actual interest rate is dependent on your application) – Interest is accrued daily and charged to your account at the end of each month. Interest charges are calculated, by multiplying the unpaid balance at the end of the day by a daily interest rate. The daily interest rate is calculated by dividing the annual interest rate by 365. Interest is charged to your account at the end of each month and in accordance with the Credit Contracts & Consumer Finance Act 2003
For a full list of fees please download the Fee Schedule here. To see any other fees as disclosed in our Contract download the Full Contract here.

**Lending conditions apply, some applications may be declined.

Supporting documents:

Please remember to email admin@cvsfltd.co.nz with your supporting documents.

The supporting documents required are:

1. If you can, please download our full application form and send us a completed copy – otherwise our lending officer will go through this with you during the application process.
2. Copy of your four latest payslips and/or copy of your FULL MSD WINZ breakdown
3. Proof of address, i.e. your phone bill or your power bill – If you are in a Kainga Ora (HNZ) home we prefer the front page of your tenancy agreement as proof of address
4. Latest 90 days of bank statements (we will provide a bank link)
5. Copy of your driver’s license – front & back and/or your passport (we must have photo ID)
6. Employment details (if applicable)
7. Full contact information for two referees – one of which must be a close family member. We will need mobile number, email address, home address and details of their relationship to you ie; parent, aunt, close friend etc

We try to make the process easy, but at the same time, we are mindful that your budget has to allow for the costs of running and maintaining the vehicle that we supply, not just the weekly loan repayment. All vehicles must be insured, we are able to arrange cover on your behalf in most instances.

Furthermore, we acknowledge that your circumstances may change from time to time so please keep us updated on changes that may affect your ability to service your loan with us.

If things are becoming difficult for you to make your payments we would rather that you contact us and make a payment arrangement than not – which may lead to repossession of your vehicle.

If you are struggling financially and need assistance, we would also encourage you to make contact with an independent financial mentor or budgeting advice service. Confidential advice is offered free of charge by many organisations including:

Privacy Waiver

I/We apply for a loan and certify that the particulars above and overleaf are true and correct and that I am over the age of 18 years and am not an undischarged bankrupt. Pursuant to the Privacy Act 1993 I/We authorize any finance company to contact any credit reporting agencies, credit providers, my/our employer/ s, accountant/s, or any other source, to obtain, check and exchange (both now and in the future) such personal, financial and commercial information and references about me/us as is necessary for the purpose of considering this application, the protection and administration of any loan arising out of this application, and to assist in the enforcement of any agreement between me/us and any finance company. I/We agree that you may produce this authority to such parties for the purposes of correcting such information. Under the provisions of the Privacy Act 1993, you are entitled to have access and request correction to personal information held. Furthermore I / We specifically authorise the Finance Company to search by way of a credit check for any Ministry of Justice overdue fines that may be outstanding. Overdue fines are defined as fines or reparation overdue for payment to Ministry of Justice and not under a current payment arrangement.