AA Money Car Loan review

With AA Money, your car finance could be approved in just an hour.

If you’re looking to buy a vehicle, AA Money provides car loans with short turnaround times so you can gain approval in just an hour.

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7.95% - 15.95%

Interest Rate (p.a.)


Max. Loan Amount


Product NameAA Money Car Loan
Benefit DescriptionAA members get 0.5% p.a. off their qualifying fixed interest rate.
Interest Rate (p.a.)7.95% - 15.95%
Min. Loan Amount$3,000
Max. Loan Amount$75,000
Loan SecuritySecured
Loan Term12 months - 60 months
Turnaround TimeLoan approval within an hour
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AA Money overview

AA Money is a joint venture between the Automobile Association (AA), one of New Zealand’s most respected and trusted brands, and Suncorp.

AA Money began offering car loans in February 2020 and has since added personal loans to its offering.

Main points to consider with an AA Money Car Loan

You can use an AA Money Car Loan to purchase a new or used vehicle. The maximum loan amount is $100,000, and the loan term runs between 12 months and 60 months.

Loans also come with an establishment fee of $290.

AA Money car loan features

  • Variable standard fixed interest rates from 7.95% p.a. Interest rates on loan repayments vary depending on how much you want to borrow, your financial circumstances and your credit history.
  • Interest rate discount. Current AA members get 0.5% off their qualifying fixed interest rates.
  • Flexible loan terms. The term for an AA Money Car Loan ranges from 12 months to 60 months. This allows you to tailor your loan to match your financial capacities. AA Money suggests that interest repayments often work out to be smaller over shorter periods.

Car finance fees and charges to consider

The following fees may apply to your AA Money Car Loan:

  • Establishment fees of $290
  • Repossession warrant issue fee of $40

AA Money doesn’t charge an account fee, or a fee for any basic variations to your agreement. You also won’t be charged for any partial prepayments or if you want to pay your loan off in full early.

How to apply for an AA Money Car Loan

To apply for an AA Money Car Loan, you’ll need to fill in an online application form. To be eligible for an AA Money Car Loan, you must meet the following criteria:

  • Be 18 years or older
  • Be a NZ citizen or permanent resident
  • Hold a valid restricted or full New Zealand driver’s licence
  • Earn over $30,000 per year (before tax)
  • Not be an undischarged bankrupt

You may need the following documents and details during your application or once you have been conditionally approved:

  • Identification. This includes proving your address with a bank statement or bill. You also need a valid New Zealand driver’s licence or passport.
  • Proof of employment. You need to provide a copy of your transactional bank account statement from the past 30 days to show evidence of your income.

With flexible terms and interest rates, AA Money can help you secure funding for your vehicle. Compare car finance options before applying to make sure that this is the right loan for you.

Compare car finance

Name Product Interest Rate (p.a.) Loan Amount Loan Term Establishment Fee Requirements Table description
Simplify Secured Car Loan
8.05% - 12.30%
$5,000 - $500,000
12 - 60 months
$100 - $500
Requirements: NZ citizen/permanent resident, income of at least $500/month.
See how much you could borrow without affecting your credit score.
Gem Secured Car Loan
8.99% - 24.99%
$2,000 - $70,000
6 months to 7 years
Requirements: NZ citizen/permanent resident or hold a valid work visa, employed, earning a stable income.
Secured personal loans with weekly, fortnightly or monthly repayment schedules and no early repayment fees.
MTF Finance Secured Car Loan
10.50% - 22.50%
$2,000 - $100,000
3 to 60 months
Requirements: NZ citizen/permanent resident or have a work visa, have a regular source of income.
Secured car loans from $2,000.
AA Money Car Loan
7.95% - 15.95%
$3,000 - $75,000
12 months - 60 months
Requirements: NZ citizen/permanent resident or visa holder, earn $30,000+ /year (before tax).
Loan approval within an hour.
The Co-operative Bank Unsecured Personal Loan
6.99% - 17.75%
$3,000 - $50,000
6 months - 5 years
Requirements: NZ citizen/permanent resident or have a valid work visa.
Floating-rate, unsecured personal loans from $3,000.
Lending Crowd Secured Car Loan
6.45% - 17.23%
$5,050 - $200,000
3 or 5 years
$350 - $650
Requirements: NZ citizen/permanent resident, have a good credit score.
100% online with no paperwork or early repayment fees.
Nectar Unsecured Car Loan
8.95% - 29.95%
$1,000 - $30,000
6 months - 4 years
Requirements: NZ citizen/permanent resident or have a work visa, income of $400/week (after tax), stable credit history.
Payouts made within one day of approval. Applications 100% online.

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