Finance

We understand your needs

At Audi Finance, we offer you the same peace of mind with financial matters as you experience when you decide on an Audi motor vehicle. We offer flexible finance for both private and business customers, that lets you drive the Audi you want by making our money work for you.

We offer a comprehensive range of finance products to help you fund your new or used car. This allows you to change your Audi on a regular basis, which means you can keep up to speed with the latest model technology.

UDC Finance

For 80 years, we’ve helped New Zealanders to see their ideas become reality and investors to earn the rewards they deserve. We take great pride in lending the funds needed for vehicles, plant, equipment and machinery. As a result we have created sound returns for our investment customers.

UDC interest rates vary from 9.50% p.a. to 14.50% p.a., and the actual rate charged will depend on many factors including the amount of lending, the term of the loan, size of deposit, customer credit history and risk profile.

Business Lease

Acquire assets for your business while keeping cash reserves free

Keep your cash reserves for other uses while still getting the vehicle(s) your business needs by financing up to 100% of the cost of the vehicle over a specified term. The advantage of a Business Lease is that it enables you to structure the contract by selecting a term on which you agree to a suitable residual value with us. This allows you to tailor your monthly rentals to suit your budget. Residual value risk is carried by you.

  • Flexible initial outlay that keeps your cash reserves free for other ventures
  • Choose the term you want between 12 and 60 months
  • Potential tax benefits whilst improving cash flow
  • Provides a fixed annual interest rate for the term of the contract

Operating Lease

Perfect for those who want regular upgrades

Never worry about getting rid of your old car again. Operating leases are essentially rental terms with low initial outlay and flexible terms that get you in the car you want for as long as you want it. You can also choose optional servicing, maintenance and repair packages to simplify the entire process of maintaining a vehicle.

  • Low initial outlay with 12 to 45 month terms
  • Optional maintenance packages lump all your running costs (excluding fuel) into one monthly payment
  • You can change the agreed mileage and term if circumstances change
  • No need to worry about future value or selling a vehicle, simply return and get your next vehicle

Please note:
The payments calculated by the Finance Calculator are based on an assumed fixed annual interest rate of 11.95% and include an Establishment Fee of $275.00 and $8.00 PPSR Fee. Please note this calculator is designed to provide estimates only.  The actual interest rate that will apply in any finance offer may vary than that determined by this calculator. The Finance Calculator does not include on road costs. The payments calculated are not a quote and do not represent an offer of finance for a specific amount financed, term, or interest rate. Finance is subject to normal lending criteria. For actual available rates, fees and confirmed figures or for any other assistance, please contact our office.

FAQ

What finance institution(s) do you use?

We have great working relationships with well-known finance institutions including Audi Finance, Alphera Financial Services and UDC Finance (an ANZ subsidiary). One of the key benefits of financing your new car with Ebbett Audi is that we work for you to place your car loan with the most suitable finance institution. Our business manager will work on your behalf to get you the best rates and the best terms for your car loan.

How long will it take for my loan to be approved?

During business hours we’ll try and get your loan approved within the hour. If you have made your application outside of business hours, we’ll let you know if your loan has been approved on the next working day (once we have all the information we need).

Can I get a loan approval before I’ve found the car that I want?

Yes – plenty of our customers like to know how much they can borrow before they choose their new car. You apply for the loan as normal and, if approved, you’ll have pre-approval to select your new car.

Can I change the amount of my loan after it is approved?

Yes. If you want to increase the amount, it simply needs to be approved by us (you won’t need to fill in another loan application.

What interest rates do you charge?

Our interest rates are competitive and vary depending on the amount borrowed, the loan term, and your credit history. To get an idea of our current rates contact our Business Manager or call 07 903 2240.

How long is the loan term?

Our terms are flexible with a minimum of six months and a maximum of five years. We work with you to structure your payments to suit your preferred repayment schedule.

What is the minimum loan amount?

Generally our minimum loan amount is $5,000. However in certain circumstances you may be able to apply for a smaller car loan.

How old do I need to be to apply for finance?

You need to be at least 18 years of age.

Do I require a driver’s licence to apply for finance?

Yes, the minimum driver’s licence we require is a restricted licence.

Can I apply for finance if I have no credit history?

You may not need to have any previous credit history to get a loan approved; however, you may be asked to provide a suitable guarantor for your loan.

If I have bad credit can I still apply for finance?

Yes, apply for a loan with us and we’ll recommend the most appropriate lender to make your application with. The lender may ask for additional security and/or a guarantor.

What is the security for my loan?

The security will be the car you’ve purchased, although you may be asked for additional security and/or a guarantor.

Can I pay my loan off before the end of term?

Yes, although you may be charged an early settlement fee. The fees and interest charged differ between lenders and are set out clearly in the loan documentation.

Can I make additional payments or change my repayment amounts during the loan term?

Yes, although fees may apply. The fees and interest charged differ between lenders and are set out clearly in the loan documentation.

What is a guarantor?

A guarantor is someone who “guarantees” your loan or credit contract i.e. if you can’t or won’t repay the debt then the guarantor will do so.

Is there a loan establishment fee?

Yes. The loan establishment fee varies from lender to lender but in most cases is less than $500.

Do I need a deposit?

No. In many cases you will not be required to have a deposit. If you have a good credit history and are in stable full time employment there is a good chance a deposit will not be required. If a deposit is required, this could be satisfied either by a cash deposit or a trade-in vehicle.

Where do I sign the finance documents?

Most of our customers find it easiest to sign the documents on site at Ebbett Audi, however if you prefer our Business Manager will come and see you at a time and place that suits you.

How do I make loan payments?

You can make payment by direct debit, or by automatic payment.

Do you have a guarantor for business lease/agreement?

In most cases a private individual will be required to go guarantor for a business who is leasing a car.

What is AML and how does it affect me?

The AML rules refers to the Anti Money Laundering and countering financing of Terrorism act (2009) which came into effect in June 2013. AML requires all finance companies, bank and credit unions to collect more customer information than in the past when customers are applying for a car loan. While our business manager will make the process as painless as possible, regardless of which lender we place your car loan with Ebbett Audi will be required to collect this information on behalf of the lender. Operating leases are exempt from the AML rules.

AML Rules

What is the AML?

The Anti Money Laundering and countering financing of Terrorism act (2009) “AML” came into effect in June 2013.

As a result of the changes, all finance companies, banks and credit unions are now required to collect more customer information. Regardless of which lender we place your car loan with Ebbett Audi will be required to collect this information on behalf of the lender.

If you are applying for a car loan to finance your new car, you may be affected by AML. Operating leases are exempt from AML rules.

The nature of the information we are required to gather and how it is verified and confirmed varies between entities.

Limited liability company requirements

Persons required to provide information

All authorised Directors and personnel and all Shareholders with greater than a 25% shareholding.

Original or certified copies of:

  • One form of primary photo ID (refer list A for acceptable forms of ID); or two forms of non-photo ID , one from list B and a further from either list B or C
  • Date of birth

Must also confirm:

  • Country of domicile
  • Citizenship; and
  • Proof of address (i.e. utility bill, bank statement)

Trust requirements

Persons required to provide information

All Trustees and settlors (note also that any trustees that are companies will need to provide details as per the Limited liability companies section above).

Original or certified copies of:

  • One form of primary photo ID (refer list A for acceptable forms of ID); or two forms of non-photo ID , one from list B and a further from either list B or C.
  • Date of birth

Must also confirm:

  • Copy of trust deed
  • Full name and date of birth of all trust beneficiaries if 10 or less.
  • Proof of address (i.e. utility bill, bank statement)

Private individuals, sole traders and partnerships requirements

Persons required to provide information

All individuals, and for partnerships any partner with greater than 25% ownership.

Original or certified copies of:

  • One form of primary photo ID (refer list A for acceptable forms of ID); or two forms of non-photo ID , one from list B and a further from either list B or C.
  • Date of birth
  • Partnership agreement (where there is one)

Must also confirm:

  • Country of birth
  • Citizenship
  • Office address (if applicable for sole trader and partnerships)
  • Proof of address (i.e. utility bill, bank statement)

Certifying your information

Certifying your information in dealership

Any original ID or required document can we sighted, copied and certified by our Business Manager.

Acceptable referees for ID certification

Alternatively your original ID can be certified by a third party (away from the dealership) by a:

  • Justice of the peace
  • Registered teacher
  • Member of the NZ police
  • Registered medical doctor
  • Minister of religion
  • Lawyer
  • Member of parliament
  • Chartered accountant

The person who certifies your documents cannot be a relative, member of your extended family group, a spouse or partner or live at the same address. They must be in no position to benefit from the financial transaction. On the front of the certified copy of the ID you must have: Certifier’s Name, Occupation, Phone Number, Date of Certification and the following signed statement: “I certify that this is a true copy of the original ID sighted by me. If the original contained a photograph of the applicant then I have used that to verify their identity.”

Electronic ID check

Individuals can also opt for a Veda Identity Plus ID check by completing the Veda Section a consent form provided by our Business Manager.

Identification requirements

List A – Acceptable photographic identity documents:
  • A current New Zealand photographic driver licence which will be passed through external driver licence verification
  • Passport
  • NZ firearms licence

These must be current and contain the individual’s name, date of birth, photograph and signature.

List B – Acceptable non-photographic identity document:

  • NZ bank issued document e.g. credit card, EFTPOS card, etc.
  • NZ bank statement
  • NZ Government issued document e.g. Supergold card
  • A financial statement issued by NZ Government e.g. IRD statement
  • New Zealand full birth certificate
  • Certificate of New Zealand citizenship
  • Citizenship certificate issued by foreign government
  • NZ Community services card
  • National identity card issued by a foreign government
  • NZ temporary driver licence

These must be current or, in the case of financial statements, less than 12 months old.

List C – Acceptable secondary photographic identity document:

  • Overseas driver licence
  • 18+ Card
  • Valid and current international driver permit

These must be current and contain the individual’s name, date of birth, photograph and signature.