Every year, thousands of people settle in New Zealand from overseas with the intention of working and raising their families. When you move here, you might have sold your car in order to boost your bank balance.
When you need to secure some money for a car loan, you will be able to do this as a foreigner working in New Zealand. There are several things that you need to do before you can obtain a car loan in order to make a purchase.
How can you obtain a work visa car loan?
Produce Your Valid New Zealand Work Visa
The first step to obtaining online car financing in New Zealand is to produce your valid New Zealand work visa. Without this visa, you are not going to be able to obtain the money. You will need to make sure that the work permit has not expired when you are making this loan application.
This paperwork will be combined with some other evidence in order to obtain the car loan. Make sure that your work visa is obtained before you attempt to make any car loan attempts, otherwise, you could run into some difficulties.
Show That You Have Started Work In New Zealand
It is not enough just to produce the work visa in order to obtain the car finance that you desire. Instead, you will also have to show that you have begun work for the New Zealand company which is employing you. This will be easy to prove and you can do this a couple of different ways. Firstly, you can produce bank statements that show wages going into your bank account. Secondly, you can ask for a signed letter from your employer that proves you have started employment at the New Zealand company.
Once the evidence of employment has been gathered, you can go onto the next stage of the process.
Convert Your Foreign Driving License Into A New Zealand License
When you are trying to secure a car loan, you need to have the correct license because otherwise, the loan is not going to be approved. This means that you should convert your driving license into a New Zealand one and then attach a photocopy of the new license to the rest of your loan application forms.
This also applies when you are using an international driving license. Once you have obtained the license the rest of the process will be simple for you.
Make A Small Deposit
You will also need to make a small deposit in order to secure your loan from the specialist company. Then you will be able to obtain the money required in order to buy a car.
You should investigate your options when you are a foreigner in New Zealand trying to obtain some car credit. Make sure that you have filled out all of the online forms correctly because this will ensure that the money will be sent to you.
