MTF Finance means Motor Trade Finance Limited, which includes any third-party transferred MTF Finance’s rights.
Generally yes. A credit score of 700 is typically seen as good so you should have no problem acquiring a car loan from MTF Finance.
One thing you need to know is that NZ doesn’t exactly have a standard or nationalised metric for measuring your credit data. So it is possible to get a different credit score depending on the assessor you ask.
For the most seamless process, try to have a credit score of 700 and above. You can do this via positive credit actions such as staying within the limits of your credit, prompt payments, and of course, being sensible with your applications.
First, you need to be a New Zealand resident or a holder of a New Zealand visa. However, MTF will only provide lending to NZ visa holders based on the remaining time left on that visa. For example, if you only have 12 months left, your payments will be set up so that it is paid off within those 12 months. This still applies, even if you plan on renewing your NZ visa.
Yes. You need to be at least 18 years old in order to apply for MTF car loans in NZ.
What is a good amount to borrow for your car will depend on multiple factors such as your ability to pay as well as what kind of car you’re thinking of buying. This is why MTF Finance allows you to borrow any amount between $2,000 to $100,000 provided you are able to pay off your loan.
Excellent service. Responsive and easy to deal with. Got me an awesome deal on Broadband. Well worth calling to see what they can do. 👍
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Very helpful and informative. Lovely chatting with them on the phone, helped me find a power supplier, pretty simple and straight forward
So easy to use, very helpful and got a great deal with my power and gas