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Oxford Finance is one of New Zealand’s long-standing non-bank lenders, well known for offering vehicle loans, personal lending and business asset finance. With a strong presence across car dealerships and finance brokers, Oxford Finance has become a preferred option for Kiwis looking for fast approvals, personalised lending solutions and competitive finance deals across new and used vehicles.
This detailed guide explores everything you need to know about Oxford Finance — including loan types, interest rates, fees, eligibility criteria, pros and cons, and how it compares with other lenders. You’ll also find contextual internal links to related financial resources to help you make better borrowing decisions.
What Is Oxford Finance?
Oxford Finance is a New Zealand-owned lender operating under the Turners Automotive Group umbrella — one of NZ’s largest automotive networks. This connection enables Oxford Finance to integrate seamlessly with car dealerships, offering customers fast and flexible finance options when purchasing vehicles and related assets.
While the company began in the automotive sector, it has since expanded to include:
- Personal loans
- Vehicle finance
- Marine loans
- Motorcycle finance
- Motorhome & caravan loans
- Business asset and equipment finance
Oxford Finance positions itself as a customer-friendly, easy-to-deal-with lender that focuses on personalised service rather than rigid corporate processes.
Oxford Finance Loan Types in New Zealand
Oxford Finance offers a wide range of loans designed for individuals, families, businesses and vehicle buyers.
Vehicle Loans (Cars, Motorbikes, SUVs, Utes)
Oxford is best known for its comprehensive vehicle loan options, which can be used to purchase:
- New cars
- Used cars
- Utes and 4WDs
- Motorcycles
- SUVs
- Vans
- Light commercial vehicles
These loans are typically secured against the vehicle being purchased, giving borrowers access to better interest rates than unsecured alternatives.
For readers comparing multiple lenders, you can include a contextual link such as:
If you’re exploring your options for vehicle lending, our complete guide to car finance in New Zealand explains how banks and non-bank lenders compare and what to look out for.
Personal Loans
Oxford Finance offers personal loans that can be used for:
- Home renovations
- Medical treatments or dental work
- Holidays
- Debt consolidation
- Household purchases
- Emergency expenses
- Vehicle repairs
- Family events
Some personal loans are secured (lower rates), while others are unsecured (higher flexibility).
To help readers evaluate whether Oxford is the right choice, you can link to your internal resource:
For a broader look at NZ lending options, see our breakdown of personal loans in New Zealand to understand how unsecured and secured loans differ.
Motorhome, Caravan & RV Finance
Oxford Finance specialises in lifestyle lending, including finance for:
- Motorhomes
- Caravans
- Campervans
- RVs
- Boats and marine craft
Given the popularity of domestic travel in NZ, these loans often appeal to families, retirees and travellers.
Business Asset & Equipment Loans
Oxford offers business lending designed for:
- Vehicles and fleets
- Tools and trades equipment
- Machinery and industrial gear
- Office and technology upgrades
- Heavy equipment
- Construction or agricultural vehicles
Business lending can be structured for sole traders, tradies, SMEs and fleet operators.
You can link readers to your full business finance section:
If you operate a small business or need to upgrade equipment, our overview of business finance options explains how lenders compare and what you need to apply.
Oxford Finance Interest Rates
Oxford Finance’s interest rates vary depending on:
- Credit score
- Financial stability
- Employment history
- Loan type
- Loan term
- Whether the loan is secured
- Age/value of the vehicle or asset
While Oxford does not publish fixed rates publicly, typical ranges for comparable NZ non-bank lenders include:
- Secured loans: ~9.95% – 18.95%
- Unsecured loans: ~13.95% – 23.95%
Borrowers with strong credit, stable income, and newer vehicles typically receive lower rates.
Fees Charged by Oxford Finance
To understand the true cost of borrowing, consider Oxford’s common fees:
- Loan establishment fee: Usually $250–$400
- PPSR registration fee: Approximately $10–$15
- Monthly admin fees: Around $6–$8
- Early repayment fee: Often applies
- Late payment fees: Added if you miss a repayment
- Default interest: Higher interest rate applied during overdue periods
These fees can significantly increase total borrowing cost, particularly over long terms.
To help readers estimate repayments:
You can calculate how fees and interest affect weekly or monthly repayments using our online finance calculator.
Oxford Finance Eligibility Criteria
To qualify for Oxford Finance, borrowers generally must:
- Be at least 18
- Reside in New Zealand
- Provide valid identification
- Show reliable income (employment, business, or benefits in some cases)
- Provide recent bank statements
- Pass a credit check
- Provide security for asset-backed loans
Oxford also follows the NZ Responsible Lending Code, meaning they must assess your ability to repay without hardship.
Oxford Finance Application Process
1. Apply Online or Through a Dealer
Many customers apply directly through car dealerships during vehicle purchases.
2. Provide Documentation
This includes ID, bank statements, proof of income and details about the vehicle or asset.
3. Credit Check & Affordability Assessment
Oxford reviews your credit history, income and expenses.
4. Approval Decision
Approvals often occur within 24–48 hours.
5. Loan Contract Issued
You review the contract terms before signing digitally or in person.
6. Funds Released / Dealer Paid
Funds go to the seller or into your account, depending on the loan type.
Pros & Cons of Oxford Finance
Advantages
- Strong vehicle finance expertise
Oxford’s automotive background makes them ideal for vehicle loans. - Fast approvals
Many decisions happen within 24 hours. - Flexible loan structures
Weekly, fortnightly or monthly repayments. - Dealer partnerships
Wide coverage through NZ car yards. - Lifestyle and recreational lending
Few lenders support motorhome, caravan and marine finance as well as Oxford.
Disadvantages
- Interest rates can be higher than banks
Especially for borrowers with weaker credit. - Fees increase total borrowing cost
Monthly and establishment fees are standard among non-bank lenders. - Secured loans require asset collateral
Poses repossession risk if payments fall behind. - Less suitable for large, long-term borrowing
Bank loans may offer lower interest over long durations.
How Oxford Finance Compares to Other NZ Lenders
| Feature | Oxford Finance | MTF Finance | Gem Finance |
|---|---|---|---|
| Best For | Vehicles, motorhomes | Vehicles, personal loans | Retail & unsecured lending |
| Rates | Medium | Medium | Higher |
| Secured Loans | Yes | Yes | Rare |
| Approval Speed | Fast | Fast | Very fast |
| Ideal Borrower | Vehicle buyers | General borrowers | Shoppers, unsecured loans |
Borrowers wanting to compare a wider range of options can refer to your internal pages based on the loan type they’re considering.
Is Oxford Finance Right for You?
Oxford Finance may be suitable if you:
- Are buying a car or recreational vehicle
- Want fast approval and straightforward application
- Prefer dealing with NZ-based lenders
- Need secured financing for vehicles or equipment
- Are looking for motorhome or boat finance
However, Oxford may not be the best fit if:
- You want the lowest possible interest rate
- You need an unsecured low-rate loan
- You are uncomfortable securing a vehicle as collateral
Final Thoughts on Oxford Finance
Oxford Finance is a strong option for Kiwis seeking flexible vehicle finance, lifestyle asset lending and personal loans. With its deep roots in the automotive industry and connection to Turners Group, Oxford Finance is especially attractive for car buyers looking for a smooth, integrated lending experience.
As with any lender, it pays to compare interest rates, fees and loan structures before applying. Understanding your budget, repayment ability and loan purpose will help you decide whether Oxford Finance is the right choice for your financial situation.
FAQs
What does Oxford Finance do?
Oxford Finance provides vehicle loans, personal loans and business asset finance throughout New Zealand. They specialise in lending for cars, motorhomes, motorcycles, caravans, boats and commercial equipment, working closely with dealerships and brokers for fast approvals.
Is Oxford Finance good?
Oxford Finance is considered a strong lender for people needing quick, flexible vehicle or asset-backed loans. They offer competitive non-bank rates, simple documentation requirements and fast turnaround times, especially for car purchases.
Who is the owner of Oxford Finance?
Oxford Finance is owned by Turners Automotive Group, one of New Zealand’s largest vehicle and finance groups.
What is the interest rate for Oxford Finance?
Interest rates vary depending on credit score, loan type, loan term, income and whether security is provided. Secured vehicle loans generally fall within a competitive non-bank range, while unsecured loans usually carry higher rates.
What is Oxford Finance known for?
Oxford Finance is best known for its vehicle lending, especially through dealerships. They also have a strong presence in motorhome, motorcycle and marine finance, as well as business equipment lending.
Is Oxford Finance a lender or a broker?
Oxford Finance is a direct lender. They supply their own loan products and do not operate as a broker.
Is 7% interest on a car high?
A 7% car loan interest rate is generally considered low to moderate. Borrowers with strong credit may find lower rates through banks, while others may see higher rates with non-bank lenders.
Is the University of Oxford good for finance?
Yes. The University of Oxford is globally recognised for its finance and economics programmes through Saïd Business School. This is unrelated to the NZ lender Oxford Finance.
What are the top 10 schools for finance?
Top global finance schools typically include Wharton, MIT Sloan, Stanford, LSE, Chicago Booth, NYU Stern and similar institutions. This question refers to academic rankings, not the NZ lender.
Is Oxford harder than Harvard?
Both universities are extremely competitive. Admission difficulty varies by programme, but both are among the hardest universities in the world to gain entry to.
Who is the CEO of Oxford financial?
Oxford Finance NZ does not publicly operate under a specific “CEO of Oxford Finance” title. Leadership falls under Turners Automotive Group, which owns the company.
How does Oxford Finance make money?
Oxford Finance earns revenue through interest charged on loans, establishment fees, account fees and other finance-related charges associated with its lending products.
Who is the CEO of Oxford Bank?
This refers to a different organisation unrelated to Oxford Finance NZ. Oxford Bank is a U.S.-based institution with its own leadership.
Where is Oxford Finance headquarters?
Oxford Finance NZ’s operations are managed under Turners Automotive Group, headquartered in New Zealand.
Who is the new CEO of Oxford?
If referring to the NZ lender, its governance falls under Turners Automotive Group. If referring to Oxford University or Oxford Bank, this is unrelated to Oxford Finance.
Is Oxford owned by Omers?
Oxford Properties (a real estate investor) is owned by OMERS, but this is unrelated to Oxford Finance NZ, which is owned by Turners Automotive Group.
What is the interest rate for Oxford Finance car loans?
Car loan rates depend on the borrower’s credit, vehicle type, repayment term and income stability. Secured loans typically receive lower rates compared with unsecured lending.
What is the interest rate for student loans now?
Student loan interest rates vary by country. In New Zealand, student loans have a 0% interest rate for eligible residents. This is unrelated to Oxford Finance.
How much is a $30,000 car loan a month?
The monthly repayment depends on interest rate and loan term. For example, a $30,000 loan over 5 years at a mid-range car loan rate might translate into several hundred dollars per month. Using a finance calculator can provide an accurate figure.
Can I get 0% interest rate for a car loan?
0% interest car loans are rare and usually limited to dealer promotions on new vehicles. Most lenders, including non-bank lenders like Oxford Finance, charge standard interest rates based on risk and loan type.
