Finance Options / Compliance
At Savvy Loans, we offer our customers the best financial packages for the purchase of any asset; personal motor vehicles, perhaps a boat, or even a motor home. Whatever you are looking to acquire, speak with us, we act on behalf of our clients to ensure that they receive the best financial packages available, any type of finance.
This service enables our busy customers to have all their requirements met by Savvy Loans, helping to give them a hassle-free experience so they can get on with their everyday business.
HIRE PURCHASE – Most popular method of finance
A Hire Purchase Agreement has been and still is, one of the most effective ways for private individuals and companies to finance a new or used vehicle. With a Hire Purchase Agreement, you simply pay the agreed amount every month. These can be suited to your individual requirements, which may be particularly useful if your income is variable. The monthly payments are based on a fixed interest rate over an agreed term; this can vary between 12 to 60 months. That means there are no surprises – you simply pay the agreed amount every month for the term of the contract and the car is yours.
Benefits to the private customer:
- Easy monthly payments to match your budget
- Flexibility to negotiate the initial deposit, term and structures or balloon payments
- Our competitive interest rates are fixed for the term of the contract
COST OF BORROWING
Our rates start as low as 9.95% for qualifying customers. This information may change from time to time. The following are factors considered when determining the actual annual interest rate that will apply to each loan:
- Use of the vehicle
- The age and type of vehicle
- The term and amount of the loan
- The complexity of the loan application
- Your credit history
- Your asset position
- Your income and outgoings
LEGISLATION
With so much change across the Financial Services sector in recent years, it is important to know that your finance providers operate within the latest legislative framework. Bespoke Financing Limited (trading as Savvy Loans) is listed on the Financial Service Providers Register, and is a member of a Dispute Resolution Scheme. * FSPR number: 545866 * DRS number: 2001815
We work strictly within the confines of the Credit Contracts and Consumer Finance Act 2003 (CCCFA).
The CCCFA helps protect consumers when they’re borrowing money. It helps ensure consumers can make informed choices, know what they’re agreeing to, and can keep track of their debts.
The CCCFA covers a range of transactions where money is loaned for personal use, including consumer credit contracts, consumer leases and buy-back transactions.
A consumer credit contract is a contract where a borrower is given credit for personal use, such as through a mortgage, credit card, arranged overdraft, personal or cash loan, or pawnbroking pledge.
A consumer lease is a lease contract where someone is leasing goods for personal use and either has an option to purchase the leased goods, or the term of the lease is over one year.
The CCCFA covers all other credit transactions, including business transactions, by protecting borrowers from oppressive behaviour by lenders.
Please see the following attachments outlining important regulation of our industry and the products that we offer:
Code of Responsible Borrowing: https://www.fsf.org.nz/includes/download.ashx?ID=140770
Responsible Lending Guidelines: https://www.fsf.org.nz/includes/download.aspx?ID=115449
Anti-Money Laundering, Counter & Financing of Terrorism Act 2009: https://www.fsf.org.nz/includes/download.aspx?ID=128825
FSF’s Responsible Credit-Related Insurance Code: https://www.fsf.org.nz/includes/download.ashx?ID=148388
Finance Partner Related Information:
MARAC Consumer Fee Schedule https://www.heartland.co.nz/docs/marac/MARAC_Consumer_Fee_Schedule.pdf
MARAC Loan and Security Terms https://www.heartland.co.nz/docs/marac/MARAC_Consumer_Loan_and_Security_Terms.pdf
Avanti Schedule of Fees and Charges http://www.bespokemoney.co.nz/wp-content/uploads/2018/03/Avanti-Schedule-of-Fees-and-Charges-Consumer-Loans.pdf
Avanti Terms and Conditions http://www.bespokemoney.co.nz/wp-content/uploads/2018/03/Avanti-Terms-Conditions-V1709-ID-841.pdf
Oxford Finance Terms and Conditions https://www.oxfordfinance.co.nz/wp-content/uploads/2021/10/Extract-Ts-and-Cs_OCT2021.pdf
Oxford Finance Schedule of Fees and Charges https://www.oxfordfinance.co.nz/Personal+Finance/Fees+Schedule+and+Interest.html
Geneva Finance Contract Terms and Conditions http://www.bespokemoney.co.nz/wp-content/uploads/2018/03/Geneva-Finance-Contract-Terms-Conditions-Jul15.pdf
Geneva Finance Schedule of Fees and Charges http://www.bespokemoney.co.nz/wp-content/uploads/2018/03/GF-Schedule-of-Fees-Charges-v1.1-November-15.pdf
