A Specific Security Agreement is one of the most effective ways for private individuals and companies to finance a new or used vehicle.  With Specific Security Agreement you simply pay the agreed amount every month.  These can be suited to your individual requirements, which may be particularly useful if your income is variable or seasonal.  That means there are no surprises – you simply pay the agreed amount every month for the term of the contract and the vehicle is yours.

Product Overview

• Typically the term varies between 6 – 60 months
• The monthly payments are based on a fixed interest rate over an agreed term.
• You gain immediate use and ownership of the vehicle

Benefits to the customers

• Easy monthly payments to suit your budget
• Flexibility to negotiate initial deposit, term and structured or balloon payments
• Our competitive interest rates will not change during the term of the contract

Benefits to businesses

• If the vehicle is fully utilized for business purposes, tax, GST and interest can be claimed as per current NZ Tax Legislation
• The vehicle is shown as an asset in the balance sheet

The application and approval process is quick and easy, have a look at the lending criteria and choose one of these three simple options below.