AA is most associated with car breakdown cover, but it also provides personal finance. As a credit broker it offers loans provided by Bank of Ireland UK, and it’s possible to borrow up to PS40,000. You’ll repay your loan via direct debit in fixed monthly instalments and the amount you pay each month will depend on a number of factors.

Unlike some lenders, AA lets you make overpayments without paying any penalty fees. You can choose whether this lowers your monthly repayments or reduces the loan term. Other lenders will reduce the loan term by default if you don’t specify your preference.

It’s important to shop around before you sign any finance deal, and AA loans are no exception. You can compare AA’s rates with other NZ lenders on our comparison page.

The AA also offers a car buying service. It’s a good option for people who dread haggling with a dealer. This is an online service that partners with TrueCar to let you shop for a car and receive a discount without having to talk to salespeople.

The AA isn’t the most competitive lender in terms of customer experience, and it doesn’t have a live chat or mobile app. However, it does offer a dedicated helpline for its loan customers. It also has a high satisfaction rating from review site Fairer Finance, which is likely to be helped by its strong reputation for helping people buy cars. However, it’s important to remember that the AA is a credit broker and not a direct lender, so any missed payments can still have a negative impact on your credit score. AA car finance

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