Finance & Insurance

The Giltrap Group is a company that loves to see kiwis reach their goals and aspirations. Our Giltrap Prestige finance manager is available to help you meet yours by offering credit agreements, business leases and more. If we can’t offer the appropriate solution, we’ll steer you in the right direction with our business partners.

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Credit Agreement

A Credit Agreement is one of the simplest and most popular ways for many motorists to finance a new or used Volkswagen. A Credit Agreement enables you to place a deposit towards the contract, either as cash or by using equity in your current vehicle as a trade-in. Flexible terms are available including the option to have a balloon amount (larger final payment) built into your contract giving you the ability to tailor the repayments to best suit your budget, as well as your vehicle trading cycle.

Deposit & Monthly Payments & Ownership.

Business Lease (for GST registered purchasers).

This flexible leasing plan for business users offers possible tax benefits while improving cash flow. The advantage of a Business Lease is that it enables you to structure the contract by selecting a term and you agree a suitable residual value with us, this allows you to tailor your monthly rentals to suit your budget. Residual value risk is carried by you. And because the rentals are fixed and known in advance, you have firm control over your vehicle budget.

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.

Advance Rental & Monthly Rentals & End of Term Options.

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Why would I finance a vehicle when I am able to pay cash?

Whether we like it or not - vehicles depreciate. Why would you invest your hard earned capital into an item that loses money over time? Retain your capital or invest it in something that will generate future wealth and pay for your vehicle out of cash flow, on a monthly basis.

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Aren't the costs associated with finance high?

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.

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Is it difficult & time consuming to arrange?

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.

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

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.