Car loans for single parents

Don't let your family situation stand in the way of you getting a car loan.

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For many Kiwis, having a car is a necessity rather than a luxury. It can mean a way for the kids to get to school, a way for you to get to work, or just simply giving your family the means to get where they need to go.

Unfortunately, it can be often be difficult for single parents to access car loans. But rest assured that there are options available to you when it comes to car finance.

Lending Crowd Car Loan

Lending Crowd Car Loan


6.69 % p.a.


  • Borrow from $2,000
  • Quick online application
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100% confidential application

Lending Crowd Car Loan

Apply today to get approved for a secured car loan up to $200,000.

  • Max. loan amount: $200,000
  • Loan term: 3 or 5 years
  • Turnaround time: 24 hours
  • Fees: $250 - $1,450 application fee depending on the amount borrowed, collection fees apply for loans over 90 days in arrears
  • Fixed rates for the duration of the loan
  • No penalty for early repayments
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Compare car loans in New Zealand

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee
Lending Crowd Car Loan
6.69% - 18.20%
3 or 5 years
$250 - $1,450 depending on the amount borrowed
Borrow $2,000 to $200,000 for your chosen vehicle. Eligibility: Be an 18+ NZ permanent resident, earn $30,000 or more, have a good credit history and collateral/security.
AA Finance Car Loan
9.95% - 15.95%
6 months - 5 years
$212 for members (including introducer fee) & $262 for non-members (including introducer fee)
AA Finance offers secured car loans from 9.95%, approved within one hour.
Admiral Finance Car Loan
13.95% - 23.95%
Up to 5 years
$125 - $595 depending on loan size
A secured car loan from $1,000 to $50,000 with a quick online application process.
QuickLoans Car Loan
9.95% - 23.95%
Up to 5 years
$95 - $595 depending on loan size
Borrow up to $20,000 with collateral/security and apply online within 5 minutes.
Swoosh Finance Car Loan
9.95% - 18.95%
Up to 5 years
Borrow up to $100,000 with a quick turnaround time upon approval. Working visa and beneficiary applicants accepted.
CarFinance2U Car Loan
1 - 5 years
With a CarFinance2U Car Loan you could get pre-approval for your next car in 30 minutes. Bad credit borrowers considered.
CarPow Car Loan
8.95% - 25.95%
Up to $495

Compare up to 4 providers

Why wouldn’t a single parent be approved for a car loan?

There are a few reasons why single parents might find it difficult to access car finance. As single parents rely on a sole income, they may not meet the financial requirements set by lenders. Their income may not be sufficient because they work part-time in order to take care of their children, or they may receive Work and Income payments. These financial constraints may also mean they are in debt, making it more difficult for them to be approved for a car loan.

As well, some lenders may not take into consideration what you may receive from WINZ. Most of the time you’ll need a supplementary income to support your car loan application.

How to compare car loans for single parents

While you may feel you have limited options when it comes to car loans, it’s still important to compare what options you have available to you to ensure you get opt for the best one for you.

  • Interest rate. The interest rate will be the main contributor to the cost of the loan, and so it’s important you find a competitive rate. Check whether the rate is fixed or variable and compare the rate on offer with that being offered by other lenders.
  • Loan terms. This is how long you’ll have the repay the loan. Most lenders will offer you the option to choose terms of between one and five years for fixed rate loans and one and seven years for variable rate loans.
  • Repayment flexibility. Are you able to line up your repayments to match your pay frequency? Are you able to make additional repayments without penalty? Can you repay your loan early? These are all things which you will need to find out about the loan.
  • Fees. Most loans come with fees, but obviously some loans charge less than others. See what fees you will be charged upfront, check if there are ongoing fees such as monthly or annual account-keeping fees, and note any other fees that may be applicable.
  • Additional features. The loan may also come with additional features, such as extended warranty or a loan redraw facility.

Things to watch out for

When comparing your car loan options, make sure you check the reputability of the lender. Some lenders may claim to help single parents with car loans, but then charge you extremely high fees and rates that can make it difficult for you to manage your day-to-day finances.

If you’re unsure of your eligibility with a certain lender, it might be worth talking to them first to avoid having too many credit applications on your credit file.

How to apply?

To apply for a car loan you can compare your options using the comparison tables on this page. Once you’ve found a loan, make sure you check the eligibility criteria to see what your chances are of being approved. Then you can simply click “Go to Site” to be directed through to the lender’s online application form where you can provide your personal and financial details and wait to see if you’ve been approved.

As a single parent, it’s important to call a few lenders to discuss your eligibility first. Applying too many times can affect your credit history and make you appear less appealing to lenders.

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