New Zealand’s Best Car Deal

when you finance a vehicle with us

• No Deposit
• No Repayments for 6 Months
• Quick and easy finance approvals
• 3 Years Manufacturers Warranty and 3 years Roadside Assistance
• FREE $500 Visa Prezzy Card

Finance offer is subject to normal lending criteria. Payments shown in this advertisement are based on no deposit, no repayments for 6 months then 48 months to pay at a fixed finance rate of 13.9% and a documentation fee of $450. The approval process is quick and easy and you need not necessarily be a home owner to qualify, nor will we require you to provide your home as security For the loan. Mechanical warranty subject to scheduled service requirements. The Visa pre-paid Prezzy card loaded with $500 is given in conjunction with an approved NZBCD loan from UDC Finance or Finance Mitsubishi over a total term of 54 months (6 months deferred then 48 months to pay). Visa prezzy cards are funded by the financier and are not given for cash sales or shorter finance terms. Pre-paid card will be activated within 7 working days from date of issue.

Hire Purchase

This is based on the vehicle of your choice, and is owned by you, the customer. You have the option of putting in a deposit, or you can base it upon a no deposit deal. Payment options are flexible, and include residual (balloon) payment options as well, subject to finance company approval.

If you are GST registered, you can claim the full amount of GST paid on the vehicle when you complete your next return. We can then put this amount into your payments to reduce the amount paid per month if you so require

Operating Lease – Maintained

This is a vehicle chosen by you but owned by the lease company. All Service, WOF and Registration costs are included in the monthly payment, with the only costs required by you, the customer is the normal day to day running. Tyres are normally included also, on a replacement cycle of a new set every 40,000km’s travelled.

These can be excluded though, talk to us regarding the best option to suit your needs. At the end of the lease term, the vehicle is handed back to the lease company and you walk away with no further obligation to the vehicle.

Operating Lease – Non Maintained

Once again, this is a vehicle chosen by you but owned by the lease company. However all Service, WOF and Registration costs are met by you, the customer, in addition to the normal day to day running costs. Again, at the end of the lease term, the vehicle is handed back to the lease company and you walk away with no further obligation to the vehicle.

Financial Lease

This is based on a vehicle chosen and ultimately owned by you, the customer. This option has a lot more flexibility for you in term of how the repayment options are handled. You have the option of a deposit offered as first payment, or based on a no deposit deal. At the completion of the lease term, there is an agreed residual (balloon) payment that has three options of repayment.

If, at the end of the term, you no longer want to continue with that vehicle, you can upgrade to a new one and the trade in price (e.g. $25,000 ) is deducted from the residual (e.g. $10,000) to give you a net trade in value for your next vehicle (in this case $15,000). Or else if, at the end of the term, you wish to own the vehicle, you have a further two options. One, you pay the residual balance owing in one lump sum, or two, you can refinance the outstanding residual balance again at payments and term to suit.

If you are GST registered, you can also claim back the monthly GST amount of the vehicles payment on your GST returns. As this is a lease agreement, you can also claim back up to the full monthly rental on the vehicle, and you don’t have on your books a depreciating asset. Upon the completion of all financial obligations, the option of ownership will be offered to you.



These are the basics of the financial options available. If you have any further questions regarding this, please contact me on 09 520 8758 DDI or by email at afleming@simms.co.nz.