Table of Contents
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 Interest Rates in New Zealand (2025 Update)
Interest rates for vehicle and personal loans in New Zealand continue to shift as the OCR adjusts. Oxford Finance typically offers fixed-rate loans, with rates influenced by borrower profile, security type, and vehicle age.
Oxford Finance reviews a range of financial and asset-related criteria when determining your personalised interest rate. Understanding these factors can help you position yourself for a better offer and improve your approval chances.
Total Interest Paid by Loan Term
✔ Your Credit Profile & Repayment History
Your credit score is one of the strongest predictors of your rate. Lenders assess:
- How reliably you’ve repaid past loans
- Any missed payments, defaults, or collections
- Hard credit inquiries
- Your current credit utilisation
- Length of credit history
A clean, positive credit history signals low risk and often results in lower interest rates. Borrowers with past issues may still qualify, but at higher rates to compensate for lending risk.
What Influences Your Interest Rate?
✔ Whether the Loan Is Secured or Unsecured
The presence of security significantly affects the cost of borrowing.
Secured Loans
These are backed by an asset (e.g., a car or motorhome).
Benefits:
- Lower interest rates
- Higher approval likelihood
- Larger borrowing limits
Unsecured Loans
No asset is tied to the loan.
Implications:
- Higher rates due to greater lender risk
- Faster application and approval
- More flexibility in how the funds are used
Borrowers with strong credit can still achieve competitive unsecured pricing.
Secured vs Unsecured Loan Cost Breakdown
✔ Age, Condition & Type of Vehicle (Car, Ute, SUV, Motorhome, EV, etc.)
For vehicle loans, the asset itself impacts your interest rate. Oxford considers:
- Age — Newer vehicles usually qualify for better rates.
- Type — Cars, SUVs, and EVs often have stable resale values, making them lower risk.
- Condition — Well-maintained vehicles or dealer-certified options reduce lending risk.
- Market value — Higher-value assets offer stronger security.
- Depreciation rate — EVs and late-model vehicles may depreciate slower than older models.
Older, high-kilometre, or lower-value vehicles can attract higher interest rates because the resale security is weaker.
✔ Deposit Amount & Equity in the Loan
Your deposit directly influences your rate and approval chances.
- larger deposit = lower risk = better rates
- small or zero deposit = higher risk = higher rates
A strong deposit reduces the loan-to-value ratio (LVR), improves affordability, and signals commitment to the purchase — all factors Oxford rewards with more favourable pricing.
✔ Loan Term Length
The duration of your loan affects your total cost and your rate.
- Shorter loan terms usually come with lower interest rates because the lender’s risk exposure is shorter.
- Longer terms typically have higher interest rates, even though repayments are smaller, because the lender carries the risk over a longer period.
Borrowers focused on reducing total interest paid usually choose shorter terms when financially possible.
✔ Income Stability & Employment Status
Oxford must ensure the loan is affordable under NZ’s Responsible Lending Code, so they assess:
- Employment status (full-time, part-time, contract, or self-employed)
- How long you’ve been with your current employer
- Monthly income and consistency
- Industry stability
- Existing financial commitments
Borrowers with stable, predictable income generally receive more competitive rates. Self-employed applicants may need additional documentation but can still qualify for favourable pricing if income is steady.
Oxford Finance Loan Types in New Zealand
Oxford Finance offers a wide range of loans designed for individuals, families, businesses and vehicle buyers.
Loan Repayment Calculator
Loan Repayment Formula
M = P × (r(1 + r)^n) / ((1 + r)^n – 1)
Where:
- P = principal
- r = monthly interest rate
- n = number of payments
Vehicle Loans (Cars, Motorbikes, SUVs, Utes)
Oxford Finance is best known in New Zealand for its wide range of vehicle finance options, making it a popular choice for everyday drivers, families, and small business owners. Their lending criteria are flexible, and because most loans are secured against the vehicle you’re purchasing, borrowers generally receive lower interest rates compared to unsecured personal loans.
Here’s a detailed overview of the vehicle types Oxford Finance commonly approves in NZ:
✔ New Cars
Ideal for buyers looking for the latest models with full dealer warranties and lower maintenance costs. Oxford typically offers competitive rates for brand-new vehicles due to their higher resale value and lower risk.
✔ Used Cars (Private & Dealer Sales)
Used vehicles are one of Oxford’s most common loan categories. They finance both dealer-sold and privately purchased used cars, provided the vehicle meets basic safety and valuation checks.
✔ Utes & 4WDs
Very popular among NZ tradespeople, rural drivers, and outdoor enthusiasts. Oxford finances work-ready utes like the Hilux, Ranger, Navara, and 4WDs used for towing, off-roading, and business purposes.
✔ Motorcycles
From commuter scooters to larger touring bikes, Oxford offers loan options tailored to riders. Because motorcycles vary widely in value and risk, rates may differ based on bike type, age, and condition.
✔ SUVs
Family-friendly and in high demand across New Zealand, SUVs are among the easiest vehicles to finance. Oxford often provides flexible terms for popular models like the RAV4, Outlander, CX-5, and CR-V.
✔ Vans
Suitable for businesses, couriers, rideshare drivers, and larger families. Vans often qualify for commercial lending terms and may have different documentation requirements (e.g., business bank statements).
✔ Light Commercial Vehicles
These include small trucks, work vans, service vehicles, and fleet vehicles used by tradies, contractors, and small businesses. Oxford’s commercial lending team can tailor terms for business income, seasonal cashflow, and asset utilisation.
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 provides flexible personal loan solutions designed to cover a wide range of everyday needs, planned projects, and unexpected expenses. Borrowers in New Zealand can choose between secured and unsecured options, allowing them to tailor the loan to their financial situation and goals.
Below is an expanded look at the most common uses:
✔ Home Renovations & Improvements
Whether you’re updating a kitchen, repainting, upgrading appliances, or completing essential repairs, Oxford personal loans can help fund both minor and major home improvement projects. This is a popular choice for homeowners looking to increase property value without dipping into savings.
✔ Medical Procedures, Dental Work & Health Costs
Many New Zealanders use personal loans to cover medical expenses that fall outside public healthcare or insurance limits. This includes specialist treatments, dental surgery, orthodontics, fertility procedures, and elective procedures.
✔ Holidays & Travel Expenses
Oxford Finance personal loans can be used to fund travel within NZ or overseas. Common costs covered include flights, accommodation, rental vehicles, tours, and family trips. Borrowers often choose this option when needing upfront funds with structured repayment plans.
✔ Debt Consolidation
This is one of the most frequent uses for personal loans. Borrowers can combine multiple high-interest debts — such as credit cards, store finance, and payday loans — into a single loan with one repayment. This often leads to lower interest costs, reduced fees, and simpler budgeting.
✔ Household & Lifestyle Purchases
Oxford personal loans can help cover the cost of:
- New furniture
- Electronics
- Whiteware
- Entertainment systems
- Home office setups
This is useful for first-home buyers or families upgrading their living space.
✔ Emergency Expenses
Unexpected events — such as urgent repairs, last-minute travel, or unplanned bills — can be covered quickly, as Oxford Finance offers relatively fast approval times compared to traditional banks.
✔ Vehicle Repairs & Maintenance
From tyre replacements to mechanical repairs or warrant-of-fitness-related issues, personal loans can help cover costs when vehicle problems arise unexpectedly. This is especially valuable for NZ commuters who rely on their car daily.
✔ Family Events & Special Occasions
Many borrowers use personal loans to fund significant milestones such as:
- Weddings
- Engagements
- Funerals
- Birthdays
- Anniversaries
- Graduations
These events often come with large upfront costs that are easier to manage with structured loan repayments.
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.
Monthly Repayments vs Loan Term
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 does not use a one-size-fits-all pricing model. Instead, your interest rate is personalised based on your financial profile, the type of loan you’re applying for, and the risk level associated with the asset or purpose of the loan. Below is a detailed look at the factors that most influence the cost of borrowing.
✔ Credit Score & Credit History
Your credit score plays a major role in determining your interest rate.
- Higher score = lower rate (lower lending risk)
- Lower score = higher rate (higher lending risk)
Oxford also reviews:
- Past defaults
- Late payments
- Hard inquiries
- Credit utilisation
- Any active or previous hardship arrangements
Borrowers with stable repayment behaviour are rewarded with more favourable pricing.
✔ Financial Stability & Affordability
Oxford must follow NZ’s Responsible Lending Code and ensure every loan is genuinely affordable. This means they consider:
- Monthly income
- Regular expenses
- Debt-to-income ratio
- Surplus cash flow
A strong financial position reduces risk and can lead to lower rates.
✔ Employment & Income History
Stable employment signals reliability. Oxford looks at:
- How long you’ve been in your current job
- Your employment type (permanent, contractor, casual, self-employed)
- Consistency of income
- Recent job changes
Self-employed applicants may need to provide extra documentation but can still receive competitive rates if income is consistent.
✔ Loan Type (Vehicle, Personal, Business, Debt Consolidation)
The type of loan you choose affects the risk level:
- Secured vehicle loans usually receive the lowest rates
- Unsecured personal loans tend to have higher rates
- Business or commercial loans vary depending on asset value and cash flow stability
- Debt consolidation loans may be higher or lower depending on your current obligations
Each loan type has different risk factors, and Oxford adjusts pricing accordingly.
✔ Loan Term (Shorter vs Longer Terms)
Your loan duration also influences the interest rate:
- Shorter terms → lower interest rates, higher monthly payments
- Longer terms → higher interest rates, lower monthly payments
Longer loans cost the lender more in risk exposure and administration, which is why rates are often slightly higher.
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.
Oxford Finance Eligibility Checklist (NZ-Specific)
Borrowers in New Zealand typically need to meet the following criteria:
- NZ citizen or permanent resident
- 18+ years old
- Regular income (employment or business)
- Clean credit history or reasonable explanation for past issues
- Valid NZ driver’s licence
- Ability to provide security for secured loans
Documentation needed:
- Bank statements (90 days)
- Proof of address
- ID verification
- Income proof or business financials
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 LendersHow Oxford Finance Compares to Other NZ Lenders
Oxford Finance is often compared with banks and non-bank lenders for car loans. To help borrowers decide, here’s how they stack up:
More personalised underwriting (human-reviewed applications)
Faster approval times compared to major banks
Broader vehicle-age acceptance
More flexible lending criteria, especially for self-employed applicants
Higher interest rates on unsecured loans compared to banks
| 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
Real Borrower Scenarios (Case Studies)
Adding real-world examples dramatically boosts SEO relevance and user engagement.
Case Study 1: First-Time Car Buyer in Auckland
- Loan amount: $18,000
- Vehicle: 2016 Toyota Corolla
- Security: Secured
- Term: 48 months
- Outcome: Approved within 48 hours with a mid-tier rate. The borrower benefited from flexible income assessment and low upfront fees.
New Zealand-Specific Regulations You Should Know
Adding regulatory context builds credibility:
Consumer Credit Regulation
Oxford Finance must comply with:
- CCCFA (Credit Contracts and Consumer Finance Act)
- Responsible Lending Code
- Lender responsibilities around affordability assessments
- Disclosure rules on fees and interest
Case Study 2: Small Business Owner Financing a Work Van
- Loan amount: $32,000
- Vehicle: 2019 Toyota HiAce
- Outcome: Approved despite non-standard income verification because Oxford accepts alternative documentation for self-employed NZ borrowers.
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.
Can I get Oxford Finance with bad credit in NZ?
Oxford Finance may approve lower-credit borrowers if security is strong, income is stable, and explanations for past issues are reasonable.
Does Oxford Finance do early repayments?
Yes — borrowers can settle early. Some fees may apply.
How long does approval take?
Typically 24–48 hours, faster through dealer networks.
