Finance & Insurance

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Credit Agreement

A Credit Agreement is one of the simplest and most popular ways for motorists to finance a new or used vehicle.

  • Loan terms from 6 months to 5 years

  • Fixed Interest rate

  • No annual fees

  • Secure the loan with your Vehicle - no additional security required

  • Reduce your monthly repayments by having a combination of structured mid-term balloon payments, balloon payment at the end or paying a deposit (for approved applicants)

Deposit & Trade-in:

A Credit Agreement enables you to place a deposit towards the purchase, either as cash or by using equity in your current vehicle as a trade-in.

Flexible Terms:

Flexible terms are available including the option to have a balloon amount (larger final payment) built into your contract, if we agree. This gives you the ability to tailor your repayments to best suit your budget and your vehicle trading cycle.

Credit Agreement Lifecycle

Deposit, Monthly Payments, Ownership

When considering the above finance & Leasing options, we recommend that you seek independent financial / legal advice based on your individual circumstances.

Consumer Lease

This flexible leasing plan for consumers offers lower repayments compared to a traditional credit agreement.

  • Lease terms from 6 months to 45 months.

  • No annual fees.

  • Structure your lease by selecting a term and you agree a suitable residual value with us.

  • Tailor your monthly payments to suit your budget.

  • Payments are fixed and known in advance, you have firm control over your vehicle budget.

  • Residual value risk is carried by you.

Option to Upgrade

After the lease period is over, the vehicle is returned to us. You then have the option to take out a new lease and upgrade your vehicle to the latest model.

Lease Lifecycle

Advance Rental, Monthly Payments, End of Term Options

When considering the above finance & leasing options ,we recommend that you seek independent financial / legal advice based on your individual circumstances.

Business Lease

For GST registered businesses

This flexible leasing plan for business users offers potential tax benefits whilst improving cash flow.

  • Lease terms from 6 months to 5 years.

  • No annual fees.

  • Structure your lease by selecting a term and you agree a suitable residual value with us.

  • Tailor your monthly payments to suit your budget.

  • Payments are fixed and known in advance, you have firm control over your vehicle budget.

  • Residual value risk is carried by you.

Operating Lease

We offer both Fully Maintained and Non-maintained Operating Lease options on new Volkswagen, Audi, Porsche & Skoda vehicles.

An Operating Lease can best be described as a long-term rental arrangement based on a fixed term and kilometre allowance

Operating Lease allows you to easily budget your vehicle expenses, and your monthly rentals are fixed over the term of the lease.

  • Maintained & Non-maintained Operating Lease options.

  • Fixed Term & Maximum kilometre allowance.

  • All servicing is conducted by professional trained technicians using genuine parts.

  • Option to treat off Balance Sheer (Business Operating Lease only).

Maintained Option

The Fully Maintained option makes forward planning a lot easier for you, as the monthly rentals include scheduled servicing, annual registrations, warrants of fitness, with options to include replacement tyres and puncture repairs.

Option to Upgrade

After the lease period is over, the vehicle is returned to us, you have the option to take out a new lease and upgrade your vehicle to the latest model.

When considering the above finance & leasing options, we recommend that you seek independent financial / legal advice based on your individual circumstances.

  • Operating Lease product is managed by European Financial Services limited on behalf of Euro Rate Leasing Limited.

Comprehensive Motor Vehicle Insurance

In partnership with Provident Insurance, we offer a product called Luxury Motor Vehicle Insurance which has been developed specifically to protect the vehicles we sell. Luxury Motor Vehicle insurance provides distinctive levels of cover other insurance providers cannot offer. The product offers superior levels of cover and service to complement the investment you have made in your new vehicle. What a lot of our clients like is that claims are administered through us at the dealership so no more dealing with insurance company call centres.

Just some of the benefits on offer from Luxury Motor Vehicle Insurance;

  • Full replacement (old for new) for 3 years on new cars and balance of 3 years for demonstrator vehicles travelled less than 5,000kms. For example, if you pay $100k for your new Audi and it is written off in 35 months time you will be paid $100k.

  • Agreed value on used cars for the first 12 months.

  • Guarantee of using genuine parts upon repair to ensure the manufacturers warranty is validated.

  • Use of approved repairers or a repairer of your choice.

  • Both private and commercial cover and no premium increase.

  • Rental car cover provided at no cost.

  • No excess on glass(including headlights and taillights) for vehicles under $150k.

  • No excess on loss of keys, free towing and incorrect fuelling.

  • Cover for track use(conditions apply).

For a no obligation quote simply call Rod Williams and you can get a quote for cover over the phone.

Mechanical Breakdown Insurance

Again provided through our friends at Provident Insurance. Mechanical cover can be offered on most vehicles we sell or service. If you have come out of your new car warranty or your Silver Circle warranty has expired and wish for comfort in the knowledge that you are covered please contact Rod for warranty options. All warranty’s include;

  • Roadside rescue.

  • Accommodation costs up to $1000.00 if stranded away from home.

  • Car Hire / Return Home Costs up to $1000.00.

At Giltrap Audi we pride ourselves on offering the very best products and the best service in the industry. If you are interested in and or require any of the products outlined here please contact Rod Williams as follows;

Rod Williams, Business Manager.

rwilliams@giltrapaudi.co.nz

Ph 09 336 5250 or 021 660 668.

FAQ's

Q. Why would I finance or lease my vehicle when I have the funds available to purchase outright?

A. Whether we like it or not, vehicles depreciate. Why would you invest your hard earned capital in one lump sum to purchase an item that reduces in value over time. Retain your capital and invest in something that will generate future wealth. “Pay as you go” a fixed monthly amount to run your vehicle, out of cash flow as opposed to cash reserves. Clients like to have their vehicle financed outside their bank so as to keep the ability to borrow in the future available.

Q. What rate is charged?

A. Rate depends largely on the nature of the prospective loan, term, structure and the credit profile of the client. Rest assured, the final rate will be very competitive.

Q. Aren’t the costs associated with financing a car high?

A. No they aren’t. Remember, the vehicle is the only security required so you can’t compare mortgage funding with vehicle finance. Rates are very competitive, there are no ongoing fees to be paid and you can settle a loan at any stage (Most times without penalty) so it makes it very easy to upgrade your vehicle whenever suits. Changing your car is just an adjustment to the monthly repayment – no capital needs to change hands.

Q. Is it difficult and time-consuming to arrange?

A. Not at all. The application is a simple one-page form which once complete is returned with proof of earnings and an approval is given normally within the hour. Final loan documentation is signed when you take delivery of your new vehicle.

Q. Can I pay the loan off early?

A. Yes, you can. If you finance personally you are cover by the CCFA which means there is no penalty to settle early (a $35.00 admin fee applies). For a Business loan the Rule of 78 applies which means you will get a rebate of the outstanding charges if you wish to settle early. This varies between 75-80% depending on the finance company used.

Q. Can I trade my car if I already owe money on it?

A. Absolutely. We will get a settlement figure on your current car and work out a swap of finance to the next. We can normally get settlement figures from most finance companies. This is very common and painless. Remember, once you finance your car you are not locked in and you have the ability to change when your circumstances allow.

Rates & Fees*

Up to date Rates and fees for our Credit Agreement and Lease products are subject to change and available at request.

Contact Rod Williams for more information.

*Rates and Fees are in New Zealand Dollars and subject to change at any time.