How we build our calculators and pages

How the calculators work

Our calculators use the standard formula for a loan repaid in equal instalments. The rate is split across each payment, weekly, fortnightly or monthly, and the repayment is the amount that clears the loan over the number of payments. We test the maths by running the loan payment by payment, so the balance lands on zero, or on the balloon if you add one.

Results are estimates. They are not quotes or offers of credit, and they leave out fees unless you add them.

How pages are researched

• We start from what people actually ask when they work out a car loan.
• Facts about rules, rights and consumer protections come from official New Zealand sources, such as government agencies and the regulators, and we link to them at the foot of the page.
• Where we show a worked example, we say it is an example, and we say which numbers we used.
• We write in plain words and keep paragraphs short.

Reviewed at least every six months

Every page shows the date it was last updated. We review each page at least every six months, and sooner if a rule or a source changes. If a page is out of date, we fix it or take it down.

What we do not do

• We do not promise or imply that anyone will be approved for a loan.
• We do not make up reviews, testimonials, statistics, customer numbers or people.
• We do not name a lender as the best choice, and we do not take payment to change what a page says.

Who writes our pages

Pages are published under the Editorial team and not under a personal name. The team is accountable for the content, and the contact details below are how to reach it.

Corrections

If you think something on this site is wrong, email info@carloanrepayments.co.nz with the page and what you found. We check it, and if you are right we fix it and update the date on the page.

Read how we are paid on the disclosure page.