Swap your existing loan for one that could work better. We review what you've got, and if we can improve on it, we'll tell you. If we can't, we'll tell you that too.
If your current loan is on a rate that feels high, a repayment that's painful, or terms that don't fit your pay cycle, refinancing could make a real difference to your weekly cashflow.
Movogo Finance offers personal loans secured on your vehicle, and refinancing is one of the ways people use them. Your existing loan doesn't have to be a dedicated car loan: if it's secured on your vehicle (or could be), we can look at it. We may also be able to amalgamate multiple loans into a single loan secured on the car, which can lower your overall rate and simplify your payments.
We review what you've got, run a credit and affordability assessment, and compare what we could offer against what you're currently paying. If it would genuinely be better for you, we'll put together an offer. If it wouldn't, we'll tell you why and you're no worse off for asking.
Once you're refinanced, your loan runs on Movogo: repayments timed to your payday, optional loan products available, and a phone call away if anything changes.
Movogo Finance Limited is a New Zealand-based lender. We're a registered Financial Service Provider and a member of Financial Services Complaints Limited (FSCL) for dispute resolution.
We lend responsibly. Every loan goes through a credit assessment and an affordability check against the Responsible Lending Code. If refinancing wouldn't leave you better off, we'll tell you.
Movogo Finance Limited. NZCN 9357507. NZBN 9429052988677. FSP1011510. Member of FSCL for dispute resolution.
The simple test is whether the new loan costs you less over the remaining time than sticking with your current loan. We compare the interest rate, the total cost to the end of the loan, and the weekly repayment, and factor in any early repayment fees from your current lender. If the numbers work out, we'll refinance. If they don't, we'll tell you and you can carry on as you were.
The lender, the approximate balance still outstanding, your current repayment amount and frequency, and the time left on the loan. A recent statement from your lender usually has all of this. If you've got more than one loan you'd like to amalgamate, tell us about each. Depending on your application we may need some extra information, and if so we'll be in touch.
We do, directly. If your refinance is approved and you accept the offer, Movogo Finance settles the remaining balance with your current lender to close out the loan. You don't have to handle the transfer yourself.
Possibly. Some loans have early repayment fees or break costs when you pay them off ahead of schedule. Check your current loan documents, or we can help you find out. We factor any fees into the comparison so the "is it worth it" answer is realistic.
Most applications are assessed within a business day. If we make you an offer and you accept, settling your old loan and starting the new one typically takes a further few business days, depending on how fast your current lender confirms the payout figure.
Your rate is determined by your credit assessment and the specifics of your loan (amount, term, vehicle). We don't publish a single rate because it would be misleading. Once we've assessed your application, we'll confirm your rate in your loan offer.
Late payment fees or default interest may apply, and missed payments can affect your credit record. If you think you'll struggle with a payment, get in touch as soon as you can. We'll work with you to get back on track, and the sooner we know, the more options we have to help. Financial hardship protections are available under NZ law and we'll walk through them with you if they apply.
Yes. If your payday changes or you'd like a different cadence (weekly, fortnightly, or monthly), let us know and we'll shift your repayment schedule. A variation fee may apply. See the finance information page for the full list of fees.
The platform that makes car ownership easy and affordable.
Contact
PO Box 90277
Victoria St West
Auckland, 1142
8am– 5:30pm weekdays
(09) 913 8560
Movogo Finance Limited. New Zealand Company Number 9357507. NZBN 9429052988677. FSP1011510. Member of Financial Services Complaints Limited (FSCL) for dispute resolution. All estimates shown on this site are indicative and are not an offer of credit or insurance. Any loan is subject to credit approval, responsible lending assessment, and standard terms and conditions. Waivers are loan features provided in-house by Movogo Finance Limited and are governed by your loan agreement. Insurance-related products are underwritten by Provident Insurance and are subject to the relevant policy document. Please read all documents carefully before signing.
