1
Start with a deposit
First, like any other loan, you have to put some money down. Usually this is 10% of the price of the car. This deposit gives the bank assurance and shows commitment to taking care of the car.
2
Drive your car and enjoy it!
Every month you make payments to cover the cost of the car’s depreciation. These payments are lower than a regular loan since you’re only paying for the cars lost value. Enjoy driving your brand new car for the period of your contract.
3
Choose your path
When you contract is up, you get a range of choices to suit your stage of life. Like the car? Keep it. Want a new one? Trade-in. Don't need a car anymore? Return it for no extra cost. Learn more about your options
We offer the lowest repayments in the market
Speedie finance is not your traditional loan.
We use machine learning and a series of algorithms to accurately predict a cars value year to year. Your monthly payments on Speedie finance cover the depreciation (loss in value) of your car over the time period of your deal, rather than the principal and interest of a traditional loan. The depreciation is usually much less than the principal and interest of a traditional loan - this is how the payments are much lower.
Since we know how much the car will be worth, we’re able to give you a few options at the end of your deal. You can either trade your car in for another one, return it to us and walk away, or pay whatever is owing on the car and keep it for yourself.
🤑 Affordable prices
Customers choose Speedie when they want to drive a new car at an affordable price
🏎️ Newest wheels on the block
You love cars and want to drive the newest models. Trade in your car every couple of years
🪩 Here for a good time, not a long time
Moving around often? Choose Speedie when you’re staying somewhere for a year or two and need a car to get around. Simply return at the end of the deal.
🛒 Try before you buy
You’re unsure whether you want to buy the car but you want to drive it → try it out for a year paying the depreciation, if you like it buy it, if you don’t simply give the car back and walk away.
Speedie lets you live your best life
Whatever your life goals, Speedie finance can adapt to fit them.
Check it out for yourself
Use our calculator to see how much you can save with Speedie
Tell us about your dream car
Estimated price
calculating...
Interest rate
7%
Deposit
10%
Loan term
3 years
🥝 Made by Kiwi's for Kiwis
Car financing made affordable by other Kiwi's trying to make driving their dream cars affordable