# How to read a car-finance quote

A weekly payment is only one part of a car-finance quote. Compare the amount borrowed, deposit, interest rate, fees, loan term and total amount repaid before accepting an offer.

Canonical URL: https://motortraders.co.nz/guides/understanding-car-finance-quote
Sources checked: 2026-09-26

## Read the full cost

A lower weekly amount can result from a longer term and may increase the total interest paid. Check the establishment and ongoing fees as well as the interest rate.

## Separate the car from add-ons

Ask which products are optional and what each costs. Make sure ORC, any trade-in, deposit and optional cover are clear in the written quote.

## Compare before signing

Request the same figures from each lender or dealer and compare the total amount repayable. Motor Traders' website calculator is indicative; your actual terms depend on the lender's assessment and written offer.

- Drive-away vehicle price and deposit.
- Amount borrowed, interest rate and term.
- Establishment and ongoing fees.
- Total repayments and optional products.

## Sources

- [Sorted — car loans](https://sorted.org.nz/guides/tackling-debt/car-loans/)
- [Consumer Protection — car sales contracts](https://www.consumerprotection.govt.nz/help-product-service/cars/paying-registering-insuring-car/car-sales-contracts-warranties)

## Contact

- **Address:** 35 Noel Burnside Road, Wiri, Auckland 2025, New Zealand
- **Phone:** 027 252 4968 or 09 302 1668
- **Hours:** Open 7 days · 9:30am–5:30pm
- **Web:** https://motortraders.co.nz