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EV Loans at 1%!

Rising Costs of Oil

The rising cost of petrol/diesel motors has certainly been on the mind of many Kiwi's as of late, and as a result there has been a surge in purchases for Electric Vehicles (EV's). There are numerous options these days with almost all manufacturers having an electric or hybrid option available.

If you are interested in looking at options for purchasing an electric vehicle, and are wanting to get cheap finance for this, then please get in touch.

What options are available?

Banks have various options available as mortgage products which you can use to be able to get cheaper finance. If you have a property with a given bank (and meet the standard lending criteria of equity and income) then you could look at topping up against your property (even if it is a rental property) for cheaper finance for this purchase. Some banks even offer cheaper finance options for EV chargers, etc, too.

It makes sense to familiarize yourself with these options - and we've got a full breakdown available here.

If you want to review your situation and see if this is a possible option for you - please get in touch here.