Everything You Need to Know About Financing with Whiting Financial Services

Choosing the right financing partner is a big decision. If you're considering Whiting Financial Services, here's a detailed look at the questions customers ask most-and what you need to know.

Who Can Apply for Finance?

If you're over 18 years old and a New Zealand resident, you're eligible to apply. Whiting Financial customizes finance packages to your situation, so being a legal adult and resident is the starting requirement.

What Do You Need to Submit?

To process your application smoothly and quickly, you'll need to send in a few documents. Copies (not originals) are okay. Here's what's usually required:

• Proof of income (like a payslip)

• Proof of identity (passport or driver's license)

• Proof of residence/address (a bill or similar with your name)

• Your bank account details (for setting up direct debits for repayments)

Do You Need a Deposit?

Possibly-but not always. It depends on:

• How much you want to borrow

• Your credit history and profile

• The asset you wish to finance

So in some cases, you may put down a deposit; in others, finance can be arranged without

one.

How Much Is the Loan Amount?

The minimum you can borrow is NZ$5,000. There's no set maximum-how much you get depends on individual assessment of your credit profile and financing goals.

What Can You Use the Loan For?

Whiting Financial is flexible with what they'll finance. You can get money for things like:

• Motor vehicles

• Boats

• Trucks

• Commercial or private earthmoving equipment

• Agricultural machinery

• Buses

What can't be financed? Household appliances are excluded.

Do You Need a Guarantor?

Often no-especially for consumer loans. But:

• If your application is declined on your own, providing a guarantor might help (though

it's not guaranteed to change the decision).

• For business finance, guarantees from directors or shareholders are required.

Term of Repayment

Standard repayment terms with Whiting are from 6 months up to 84 months.

Sometimes, depending on the case, shorter or longer terms can be considered.

When Will You Know If You're Approved?

You usually get a response within 24 hours. If you need things fast, they offer an expedited (rapid response) service.

What About Credit Checks?

Every application includes a credit check. It's part of how Whiting assesses your eligibility and what kind of terms they can offer.

Identity & Licensing Issues: Lost or Foreign Driver Licenses

To legally drive a vehicle in NZ, you must have an approved driver's license and if you are financing a vehicle, the license needs to be valid.

Do You Need Insurance?

Yes. If financing a vehicle or asset, you'll need to insure it. This is standard for protecting both you and the lender.

How & When Do You Make Repayments?

• All repayments are made via direct debit from your bank account.

• First payment typically kicks in within the first month after purchase. Most loans are structured on a monthly repayment basis.

What Happens If You Miss a Payment?

If you hit a rough patch or just can't make a payment, Whiting Financial encourages you to reach out early. They're willing to discuss alternative arrangements to help you through.

Selling the Asset Early?

Sometimes life changes and you may want (or need) to sell the vehicle or asset before the finance is fully repaid. If that happens:

• You're required to notify Whiting before selling.

• You'll also need to pay the outstanding balance on your finance.

Pre-approvals & Financing Before Purchase

Want to strengthen your bargaining position? Getting pre-approval is a great move. Whiting can arrange financing before you actually buy the vehicle. That way, you know your budget, what you can afford, and sellers will treat you more seriously.

Fees & Interest Rates

• Fees: There are fees, which vary depending on the lender, the deal, and your

circumstances. Any fees will be disclosed in your quote before you commit.

• Interest rates: These also differ from client to client-based on things like credit

profile, security you provide, and term of the loan. You'll be given a rate quote up

front.

Final Thoughts

Whiting Financial Services offers flexible finance solutions tailored to individual needs. Here are some of the biggest positives:

• Transparent process with upfront quotes

• Flexible terms and amounts (with eligibility based on your situation)

• They can help before you even buy (pre-approval)

• Willing to work with you if life gets complicated

If you're thinking of applying, start gathering your proof of income, ID, and proof of

address-and reach out to Whiting Financial Services Limited to discuss what terms you might qualify for.