We offer a full range of Financial Services to assist you in your vehicle purchase. Our range of finance products from Hire Purchase to Operating Lease allow us to tailor make a financial solution to meet your needs. We have available people who can assist you choose the finance arrangement that best suits your individual needs. This allows you to complete your vehicle purchase and financing requirements at the same time.
There is also a vast range of Leasing Options available to choose from.
Request a Finance quote
The amendments to the CCCFA (Consumer Law Reform Act) take effect from the 6th of June this year. Dealerships selling finance will now be considered lenders for the purposes of the legislation, and as such must assist the borrower to reach informed decisions in all subsequent dealings in relation to any financing agreements.
Under the Act, as a dealership that sells financial products, we are required to publish the 'costs of borrowing' and 'standard form contracts' on our website (and make these available on demand within your premises).
Maximum rates charged by Autohaus Rotorua
The maximum rates that Autohaus Rotorua will charge are 14.99% per annum
Standard fees and charges
The below link outlines UDC's standard fees and charges:
Standard fees and charges applicable to Consumer Contracts
This fee covers the cost of processing, assessing and approving your finance application. It will only be charged if your finance application is approved.
This fee covers the cost to the Dealer of preparing and processing your application for finance.
This is the cost to us of searching and registering a security interest on the Personal Property Security Register.
Charged to your account when an additional statement is requested and delivered over and above any statement provided free of charge.
This fee will be charged to align with the frequency of your loan repayments and covers the cost of keeping your loan active.
Variation of contract
Charged when a variation, assignment or an unscheduled part prepayment is completed. This fee is payable at the time UDC consents to the variation, assignment or part pre-payment.
If you repay your loan in full before the final payment, then two different fees are charged:
To find out more information on early repayment fees, please refer to the following fact sheet.
Default interest charge
Default interest is calculated at the rate of 5% per annum plus the annual interest rate referred to in your contract. If you fail to make any payment on the due date default interest is payable on the overdue amount from the due date until the date UDC receives full payment of that overdue amount.
Charged when a scheduled loan payment is dishonoured by your bank or when an automatic payment fails. The fee is payable and will be debited to your account at the time the relevant payment was due.
Late payment fee
Charged when a scheduled loan payment is not made on time and remains unpaid for seven days. The fee is payable and will be debited to your account at the time the relevant payment was due.
Repossession action fee
Payable in the event UDC commences repossession of the asset(s) taken as security. This fee will be debited to your account at the time repossession action is commenced.
Post repossession fee
This fee is payable and will be debited to your account after realisation of the assets or abandonment of realisation.
These fees are effective from 1 August 2012.
$4.00 per month
$270.00 plus a variable amount
5% p.a. plus the annual interest rate stipulated in your contract
Standard Contracts / Terms and Conditions
The following link to UDC's standard form contracts and the related terms and conditions.
Credit Sale Agreement:
Terms and Conditions:
Term Loan and Security Agreement (if applicable):
We also make the following general information available:
• What the borrower should do if they change their address.
• How a borrower makes a complaint.
• What dispute resolution schemes we belong to, and how a borrower accesses them.
• How a borrower can apply for unforeseen hardship relief.
• What happens if a borrower defaults under the agreement, including, if relevant, repossession.
UDC's website will be updated prior to the 6th of June to cover off these points. The links below will be in place: