MoneyHub NZ
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  • Investing
    • Investing Platforms
      • Reviews
        • Sharesies Review
        • Hatch Review
        • Stake Review
          • Stake Black Review
        • Tiger Brokers (NZ) Review
        • Superhero Review
        • BlackBull Markets Share Trading Platform Review
        • ASB Securities Review
        • Invest Direct Review
        • InvestNow Review
        • Kernel Review
        • Kernel Shares & ETF Investing Review
        • Interactive Brokers
        • Smart Review
        • Catalist Review
      • Comparisons
        • Best Investment Apps
        • Sharesies vs Hatch vs Stake
        • Kernel vs Smart
        • Hatch vs Stake
        • Hatch vs Tiger Brokers
        • Sharesies vs Tiger Brokers
        • Stake vs Tiger Brokers
        • Comparing Sharesies vs Investnow vs Hatch vs Invest Direct and more
        • How Do I Start Investing?
        • Virtual Stocks and Shares Trading Games
      • Guides
        • How to Invest in Shares
        • Investing 101
        • Investing in Vanguard Funds from New Zealand
        • Investing in the US Stock Market from New Zealand
          • How To Buy Tesla Shares
          • How To Buy Apple Shares
          • How To Buy Amazon Shares
          • How To Buy Alphabet Shares
          • How To Buy Netflix Shares
          • How To Buy Microsoft Shares
          • How To Buy Meta Shares
        • How to Invest in the NASDAQ from New Zealand
        • US Extended Hours Trading Explained
        • What Happens If Your Investing Platform Shuts Down?
        • Fractional Shares
        • Transferring Share Portfolios
        • How to Read and Understand a Share Chart
        • NZX in a Nutshell
        • Investing in the ASX from New Zealand
        • Investing in Asian Markets from New Zealand
        • Understand Gross vs Net
        • How to Attend the 2026 Berkshire Hathaway Annual Shareholders Meeting
    • Introduction to Investing
      • Guides
        • Index Funds
        • ETFs (Exchange Traded Funds)
        • Cash Funds
        • Index Funds vs ETFs
        • 10 Ways to Invest in New Zealand
        • Compound Interest Explained
        • How to Invest Regularly
        • Passive Investing vs Active Investing
        • Investments You Can Own Forever
        • Investing Mistakes
        • Investing in the S&P 500 from New Zealand
        • Popular Retirement Income Products in New Zealand
        • Shares vs ETFs
        • Shares vs Property Investment
        • Dollar Cost Averaging Guide
        • Margin Lending and Loans Explained
        • Borrowing to Invest in Property, Shares or Funds
        • Passive Income Strategies
        • How Wealthy New Zealanders Invest Their Money
        • The Best Way to Invest Inheritance or a Windfall
        • Barefoot Investor-Friendly Financial Products in New Zealand
        • Investment Terms Glossary
        • IPOs
        • Investing in Dividend Shares
        • Common Shareholder Numbers in New Zealand
        • Shorting a Stock
        • Investing vs Trading vs Gambling
        • Investment Strategies for the Time-Poor
        • Advanced Trading Concepts
        • New and Emerging Investment Opportunities and Trends
      • Young People and Investing
        • Investing for Kids
        • Investing For Grandchildren
        • 10 Popular Investments for Young New Zealanders
        • Sharesies Kids Accounts Review
        • SquareOne Review
        • Dosh Review
      • Investing Calculators
        • Term Deposit Calculator
        • Compound Interest Calculator
        • Investment Calculator
        • Savings Calculator
        • Net Worth Calculator
        • Million Dollar Calculator
    • Managed Funds, Tax & DIY Investing
      • Guides
        • Managed Funds
          • Pathfinder Managed Funds Review
          • Pie Funds Management Review
          • Booster Private Land and Property Fund Review
          • AMP Managed Funds Review
        • Our Favourite Managed Funds
        • Australian Investment Funds
        • Advisers & Wealth
          • Financial Advisers Overview
          • DIY Investing vs Investment Brokerage Firms vs Financial Advisors
          • Financial Advisers Auckland
          • Financial Advisers Hamilton
          • Financial Advisers Tauranga
          • Financial Advisers Napier & Hastings
          • Financial Advisers Palmerston North
          • Financial Advisers Wellington
          • Financial Advisers Lower Hutt & Hutt Valley
          • Financial Advisers Whanganui
          • Financial Advisers Kapiti
          • Financial Advisers Wairarapa
          • Financial Advisers Nelson & Tasman
          • Financial Advisers Christchurch
          • Financial Advisers Dunedin
          • Craigs Investment Partners Review
          • Craigs vs Forsyth Barr vs JBWere
          • Lighthouse Financial Services Review
          • Wealth Advisers Auckland
          • Wealth Advisers Hamilton
          • Wealth Advisers Tauranga
          • Wealth Advisers Napier & Hastings
          • Wealth Advisers Palmerston North
          • Wealth Advisers Lower Hutt & Upper Hutt
          • Wealth Advisers Wellington
          • Wealth Advisers Nelson
          • Wealth Advisers Christchurch
          • Wealth Advisers Dunedin
        • Bank Credit Ratings
        • Depositor Compensation Scheme (DCS) Explained
        • Tax on Investments and Savings
        • Tax Efficient Investing
        • Capital Gains Tax
        • Bright-Line Test
        • Ethical Investing
        • Leading ESG Funds
        • Asset Allocations to Build Wealth
        • Managing Offshore Investments for Returning New Zealanders and Migrants
        • How to Buy and Sell Bonds
        • Buying NZ Corporate Bonds
        • Trading in a Nutshell
        • Peer to Peer Lending
        • Crowdfunding Guide
        • REITs Guide
        • Jasper Review
        • Investing & Personal Finance Podcasts
        • Emergency Funds
        • UK Pension Transfer to New Zealand
        • What Am I Entitled to If My UK Pension Scheme or Provider Makes a Mistake?
        • Returning to the UK from NZ
        • Spending Your Savings in Retirement
        • How to Take Income from Investments
        • Investment Scams
        • Investing in Recession-Proof Sectors and Asset Classes During a Downturn
        • Hedging Investments
        • Top Personal Finance Books for New Zealanders
        • Top Ten Personal Finance Resources
      • Reviews
        • Simplicity Investment Funds Review
        • Squirrel Review
        • Sharesight Review
        • Lifetime Retirement Income
        • New Zealand Financial Markets Authority (FMA)
      • Calculators
        • Managed Funds Fee Calculator
        • Basis Points Calculator
        • Inflation Calculator
        • Retirement Calculator New Zealand
    • Alternative Investments and Trading
      • Reviews
        • BlackBull Markets Review
        • CMC Markets Review
        • Plus500 Review
        • IG Review
        • TMGM Review
        • CMC Markets vs Plus500 vs IG Markets vs BlackBull Markets
      • Guides
        • How to Invest in Gold
        • How to Invest in Silver
        • Forex Trading Guide
          • Forex Trading Platforms Comparison
          • Forex Trading Tools
          • Forex Trading Courses and Education
          • Forex Regulation
        • Options Trading
        • Contracts for Difference (CFDs) Guide
        • Futures Trading
        • Commodities Trading
        • Copy Trading
      • Cryptocurrency
        • Reviews
          • Easy Crypto Review
          • Swyftx Review
          • Binance Review
          • Easy Crypto vs Swyftx
          • NZDD Review
          • Independent Reserve Review
          • eToro Review
          • Coinbase Review
          • Vault International Bitcoin Fund Review
        • Guides
          • How to Buy Bitcoin in New Zealand
          • Beginner's Guide to Bitcoin and Blockchain
          • Stablecoins
          • Guide to NFTs
          • Bitcoin Wallet Guide
          • Bitcoin Mining
          • How to Sell Bitcoin
          • Bitcoin and Crypto Scams
          • Initial Coin Offerings
          • A Beginner’s Guide to Investing in Cryptocurrencies
          • Decentralised Finance
          • Bitcoin in New Zealand
          • New Zealand Bitcoin Exchanges
          • How to Buy Ethereum in New Zealand
          • Other Coins
            • How to Buy Ripple in New Zealand
            • How to Buy Cardano in New Zealand
            • How to Buy Dogecoin in New Zealand
            • How to Buy Litecoin in New Zealand
            • How to Buy Polkadot in New Zealand
  • Loans & Finance
    • Best Car Finance
      • Loan Types
        • Electric Vehicle Loans
        • Car Loan Refinance
        • Bad Credit Car Loans
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        • Business Vehicle Loans
        • Asset Finance
      • Tools & Calculators
        • Car Finance Calculator
        • Car Loan Amortisation Calculator
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        • Motorcycle and Moped Loan Calculator
        • Asset Finance Repayment Calculator
        • Boat Financing Calculator
      • Resources
        • Car Finance Documents Checklist
        • Car Dealership Finance vs Alternatives
        • Buying a Car Loan vs Personal Loan?
        • Car Loans and Collateral
        • Car Loan Guarantors
        • How to Save for a Car
        • Paying Cash for a Car vs Car Finance
        • Balloon Payments
        • Car Loan Brokers vs Direct Car Finance
      • Car Finance Company Reviews
        • Simplify Loans Review
        • Simplify Car Loans - Real Customer Reviews & Facts
        • Toyota Finance Review
        • Mazda Finance Review
        • MTF Finance Review
        • Simplify vs MTF vs UDC vs Heartland
        • AA Money Review
        • Better Finance Review
        • Kiwi Car Loans Review
        • Lending People Review
        • Driva Car Loans Review
      • Car Finance by Vehicle
        • Toyota Aqua Financing Guide
        • Toyota Corolla Financing Guide
        • Toyota HiAce Financing Guide
        • Toyota RAV4 Financing Guide
        • Toyota Hilux Financing Guide
      • Car Finance Add-On Insurance
        • Compare Mechanical Breakdown Insurance
        • GAP (Guaranteed Asset Protection Insurance) Insurance
        • PPI (Payment Protection Insurance)
    • Best Personal Loans
      • Loan Types
        • Debt Consolidation Loans
        • Secured Loans
        • Bad Credit Loans
        • Green Loans
        • Dental Loans and Finance
        • Home Renovation Loans
        • Online Loans
        • Cash Advance
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        • Low Income Loans
        • Beneficiary Loans
      • Tools & Calculators
        • Personal Loan Calculator
        • Debt Consolidation Calculator
        • Refinance Personal Loan Calculator
        • Home Renovation Loan Calculator
        • Interest Calculator
      • Lender Reviews
        • Harmoney Loans Review
        • Nectar Review
        • Avanti Finance Review
        • Money Sweetspot Review
        • Save My Bacon Review
      • Credit Health
        • How to Build Credit in New Zealand
        • Credit Scores and Credit Checks
        • Interest Rates Guide
        • Interest Rate Comparison
      • Debt Solutions
        • How to Pay Down Debt Faster
        • Baycorp and Debt Collection
        • The Dangers of Debt Consolidation
        • Using Home Equity for Non-Essential Expenses
      • Buy Now Pay Later Apps
        • Afterpay Review
        • Laybuy Review
        • Humm Review
        • Zip Review
  • Insurance
    • Overview
    • Car Insurance
      • Car Insurance by Vehicle
        • Compare Toyota Aqua Insurance Costs
        • Compare Toyota Corolla Insurance Costs
        • Compare Toyota Hilux Insurance Costs
        • Compare Mazda2 and Demio Insurance Costs
        • Compare Ford Ranger Insurance Costs
        • Compare Nissan Navara Insurance Costs
        • Compare Subaru Legacy Insurance Costs
      • Reviews & Policy Comparisons
        • AMI vs AMP vs AA Insurance vs Cove vs State vs Tower vs Trade Me Insurance
        • Cove Car Insurance Review
        • Cove Car Insurance - Real Customer Reviews & Facts
        • Tower Car Insurance Review
        • Young Driver Car Insurance
        • Trade Me Car Insurance Review
        • Caravan Insurance
      • Car Insurance Guides
        • Third Party Car Insurance
        • How to Get Cheaper Car Insurance
        • Car Insurance Calculator
        • No Claims Bonuses Explained
        • Car Insurance Excess Explained
        • Cheapest Cars to Insure
        • Modifications that Make a Car Uninsurable
        • Car Insurers Directory
        • Car Insurance Glossary
        • Most Stolen Cars
    • Home & Contents Insurance
      • House Insurance
      • House Insurance Calculator
      • Home and Contents Insurance
      • Best Holiday Home and Airbnb Insurance Policies
      • Difficult to Insure Areas
      • Sum Insured Explained
      • Area Replacement vs Sum Insured
      • Natural Disaster House Insurance
      • MAS House Insurance - Real Customer Reviews & Facts
      • Is Your Home an Insurance Risk?
      • Average Cost of Car, House, and Contents Insurance
      • Insuring Old Houses
      • Contents Insurance
      • Renters' Insurance
      • Students Insurance
      • Landlord Insurance
      • Dental Insurance and Dentist Plans
      • Phone Insurance
      • Insurance Excess
      • Insurance Company Financial Strength Ratings
      • Motorbike Insurance
      • Initio Review
    • Life & Health Insurance
      • Compare Life Insurance
        • Life Insurance Policy Comparison - Cigna vs AIA vs Asteron Life vs Fidelity vs Westpac vs Partners Life
        • Life Insurance Explained (Videos)
        • Stepped vs Level Life Insurance
        • Life Insurance Calculator
        • Pre-Existing Medical Conditions
        • Buying Life Insurance Direct vs Using an Insurance Broker
        • Life Insurance Policies - Features and Questions to Ask
        • When To Cancel Or Change a Life Insurance Policy
        • Life Insurance For Smokers and Vapers
      • Health Insurance
        • Health Insurance Explained (Videos)
        • Going to Australia for Medical Treatment
        • BMI Calculator New Zealand
      • Income Protection Insurance
        • Income Protection Insurance Explained (Videos)
        • ACC vs Income Protection Insurance
        • Income Protection Insurance for Self Employed
      • Mortgage Insurance
      • Trauma Insurance
      • Redundancy Insurance
      • Funeral Insurance
        • What to Do When a Spouse or Partner Dies
        • Funeral Costs
    • Travel Insurance
      • Compare Travel Insurance
      • AMEX Airpoints Platinum Travel Insurance Review
      • Travel Insurance by Destination
        • Australia and the Pacifc
          • Australia Travel Insurance
          • Fiji Travel Insurance
          • Rarotonga Travel Insurance
        • Asia
          • Bali Travel Insurance
          • China Travel Insurance
          • India Travel Insurance
          • Japan Travel Insurance
          • Malaysia Travel Insurance
          • Singapore Travel Insurance
          • South Korea Travel Insurance
          • Thailand Travel Insurance
          • Vietnam Travel Insurance
        • Americas & Africa
          • Canada Travel Insurance
          • Peru Travel Insurance
          • South Africa Travel Insurance
          • USA Travel Insurance
        • Europe
          • France Travel Insurance
          • Greece Travel Insurance
          • Italy Travel Insurance
          • UK Travel Insurance
      • Specific Risk Cover
        • Do I Need Travel Insurance?
        • Pregnancy Travel Insurance
      • Travel Insurer Reviews
        • Southern Cross Travel Insurance Review
        • AMI Travel Insurance Review
        • State Travel Insurance Review
      • Essential Information
        • Basic vs Comprehensive Travel Insurance
        • Health Insurance vs Travel Insurance
        • ACC vs Travel Insurance
        • Australia NZ Reciprocal Health Care Agreement
        • Travel Insurance Excess Explained
        • Claiming on Travel Insurance
        • How to Renew a New Zealand Passport
        • What is TAANZ?
        • Travel Packing List
        • Travel Insurers Directory
        • Travel Insurance Glossary
    • Pet Insurance
      • Is Pet Insurance Worth Buying?
      • Cat and Dog Desexing
      • Getting a Kitten
      • Buying a Puppy
      • Pet Euthanasia
      • Vet Costs in New Zealand
      • Dog Vaccination Schedule and Costs
      • Costs of Owning a Cat
      • Costs of Owning a Dog
    • Business Insurance
      • Public Liability Insurance
      • Professional Indemnity Insurance
      • Business Interruption Insurance
      • ACC CoverPlus Extra (CPX) Explained
      • Co-Shareholder Insurance Cover
    • Find a Broker
      • Trusted Insurance Brokers in Wellington
      • Trusted Insurance Brokers in Christchurch
  • Credit Cards
    • Best Credit Cards
    • Rewards and Cashback Credit Cards
    • Credit Cards That Earn Business Class Flights
    • The Best American Express Credit Cards
    • Air New Zealand Airpoints Credit Cards
      • Kiwibank Airpoints Cards Have Ended – Best Replacement Options
      • BNZ Advantage Credit Cards Are Changing (Not Good News) – Best Replacement Options
      • ANZ vs AMEX vs Westpac Platinum Airpoints Credit Cards
      • ANZ Airpoints Visa Platinum vs AMEX Airpoints Platinum
      • Kiwibank Airpoints Platinum Visa vs AMEX Airpoints Platinum
      • Westpac Airpoints Platinum Mastercard vs AMEX Airpoints Platinum
    • Balance Transfer Credit Cards
    • Platinum and Gold Credit Cards
    • Frequent Flyer Credit Cards
    • Travel Credit Cards
    • Interest Free Credit Cards
    • Virtual Debit and Credit Cards
    • Credit Cards That Provide Travel Insurance
    • Reviews
      • American Express Credit Cards Review
        • American Express Airpoints Platinum Review
        • AMEX Airpoints Platinum - Real Cardholder Reviews & Facts
        • American Express Gold Rewards Card Review
        • AMEX Comparison - Airpoints Platinum vs Gold Rewards
        • Where is AMEX Accepted?
        • American Express Free Card vs Airpoints Platinum
        • American Express Membership Rewards Program Review
        • AMEX Cardholder Feedback
        • Valuing AMEX Membership Rewards Points
        • AMEX Dining Collection Program Review
        • The Best Ways to Spend AMEX Membership Rewards Points
        • Qantas Credit Cards
        • Qatar Airways Credit Cards
        • Singapore Airlines KrisFlyer Credit Cards
        • Cathay Pacific Asia Miles Credit Cards
        • Emirates Skywards Credit Cards
        • RewardPay Review
      • Flight Centre Mastercard Review
    • Guides
      • Pay Off Credit Card Debt
      • Credit Card Basics
      • Mastercard vs Visa
      • Credit Card Minimum Payments Explained
      • Credit Card Interest Calculator
      • Credit Card Debt Amortisation Calculator
      • How to Request a Credit Card Chargeback
    • Other Credit Cards
      • Best Foreign Currency Debit & Credit Cards
      • Free Credit Cards
      • Low Interest Credit Cards
      • Credit Cards for Bad Credit
      • Q Card & Q Mastercard Review
      • GEM Visa Review
      • Onecard Visa Review
      • Purple Visa Review
  • Travel Money Cards
    • Travel Money Card Reviews and Comparisons
      • Wise Debit Card Review
      • Revolut Review
      • Revolut vs Wise - Which Is Better?
      • Travelex Money Card vs Wise Debit Card Comparison
      • OneSmart Card vs Wise Debit Card Comparison
      • Cash Passport vs Wise Debit Card Comparison
    • Travel Money By Country
      • Top Travel Destinations Where the NZD is Strong Right Now
      • Australia Travel Money
      • Bali Travel Money
      • Canada Travel Money
      • China Travel Money
      • Europe Travel Money
      • Fiji Travel Money
      • Japan Travel Money
      • Rarotonga Travel Money
      • Singapore Travel Money
      • South Korea Travel Money
      • Thailand Travel Money
      • USA Travel Money
      • UK Travel Money
      • United Arab Emirates Travel Money
  • Banking & Savings
    • Banking
      • Best Bank Accounts
      • Best Debit Cards
      • Best Joint Bank Accounts
      • Kids Bank Accounts
      • Cut Overdraft Costs
      • Private Banking
      • Open an Australian Bank Account from New Zealand
      • Open a UK Bank Account from New Zealand
      • Open a USD Bank Account from New Zealand
      • Sending Money to Australia
    • Savings
      • Best Term Deposits
      • Best Notice Saver Accounts
      • Booster Savvy Review
      • Booster Savvy Analytics Review
      • Best PIE Term Deposits
      • Best Call Accounts
      • Wedge Review
      • Best Savings Accounts
      • Term Deposits vs Cash Funds
      • Term Deposit Alternatives
    • Guides and Resources
      • Banks vs Credit Unions
      • Open Banking Explained
      • NZ Bank Prefix Codes
    • Reviews
      • Wise Money Transfer Review
      • Heartland Bank Review
      • First Credit Union Review
      • NZCU Baywide Review
      • The Co-operative Bank NZ Review
      • Western Union Review
  • Mortgages
    • Mortgage Essentials
      • Best Home Loans
      • Mortgage Calculator
      • Interest Rate Predictions 2026 & 2027
      • How Much Can I Borrow?
      • Debt to Income Ratios
      • Equity (and Leverage) Calculator
      • Mortgage Repayment Calculator
      • Mortgage Options
      • Mortgage Cashback
    • Other Mortgage Options
      • Interest-Only Mortgages Guide
      • Interest Only Mortgage Calculator
      • Revolving Credit Mortgages
      • Offset Mortgages
      • Offset Mortgage Calculator
      • Fixed vs Floating Mortgage Rate Calculator
      • Understanding Interest Rate Swaps
      • What is the OCR?
    • Alternative Mortgage Options
      • Low-Deposit Home Loans
      • Rent to Own Homes
      • First Home Loan Guide
      • Reverse Mortgages
      • Lifetime Home Review
    • Mortgage Management
      • Self-Employed Mortgage Applications
      • Interest Rate Strategies
      • Saving for a House Deposit
      • Saving for a House Deposit as a Young Professional
      • Top 10 Areas for First Home Buyers 2025
      • Buying a Home with Family and Friends
      • Pay Off Your Mortgage Faster
      • Mortgage Overpayment Calculator
      • What To Do if You Bought a House at the Peak of the New Zealand Market
      • Tips for Seniors Renting or Paying Down a Mortgage
      • Remortgaging Guide
      • Mortgage Relief and Holidays
      • Amortisation Calculator
      • Mortgage Break Fees
      • Defaulting on a Mortgage
      • High Deposit Mortgages
      • Negative Equity
      • How to Manage Higher Mortgage Payments
      • Mortgage Refinance Calculator
    • Mortgage Brokers
      • Mortgage Brokers Explained
      • Trusted Auckland Mortgage Brokers
      • Trusted Hamilton Mortgage Brokers
      • Trusted Mortgage Brokers in Tauranga
      • Trusted Mortgage Brokers in Napier and Hastings
      • Trusted Mortgage Brokers in Wellington
      • Trusted Mortgage Brokers on the Kapiti Coast
      • Trusted Mortgage Brokers in Christchurch
      • LifeDirect Mortgages Review
    • Buying a Home
      • First Home Buyers Checklist
      • Home Buying Glossary
      • Best House Price & Valuation Websites in New Zealand
      • New Zealand Property Types
      • Rateable Value vs Market Value
      • Leasehold Property Guide
      • Conveyancing vs Lawyers
      • Buying an Apartment in New Zealand
      • Buying vs Renting a House
    • Selling a Home
      • How to Sell Your House Privately
      • Real Estate Agent Fees
      • Bridging Finance
    • Property Investment
      • Every Tax Deduction Property Investors Can Claim
      • Trusts vs LTCs vs Companies
      • Investment Property Mortgages
      • 20 Property Investment Risks You Can't Ignore
      • Renting Directly to Tenants vs Using an Agent
      • Interest Deductibility Changes
    • Building a House
      • NZCB Review
      • Average Building Cost Per Square Metre
      • Cost to Build a New House
      • Buying Land to Build a House
      • Construction Loans
      • Tiny Homes in New Zealand
  • KiwiSaver
    • KiwiSaver Basics
      • Our Favourite KiwiSaver Funds
      • Best Performing KiwiSaver Funds
      • Milford vs ANZ KiwiSaver Growth Funds Comparison
      • Free $500+ Government Money for KiwiSaver
      • Is KiwiSaver Safe?
      • Choosing a KiwiSaver Fund
      • How Aggressive Should KiwiSaver Be
      • Choosing Your KiwiSaver Scheme
      • Balanced vs Moderate vs Growth KiwiSaver Funds - What is right for me?
      • KiwiSaver Must-Know Facts
      • Opting out of KiwiSaver
      • What Do I Do With My KiwiSaver When I Retire?
      • KiwiSaver Withdrawal
      • Merging KiwiSaver and Australian Super Balances
      • Switching KiwiSaver Funds
      • KiwiSaver Robo and Digital Advice Tools
      • Ethical Kiwisaver Funds
      • KiwiSaver Private Equity Investments
    • KiwiSaver Contributions & Tax
      • Your KiwiSaver Contributions
      • KiwiSaver Contributions - Gross or Net?
      • Employer KiwiSaver Contributions
      • Government KiwiSaver Contributions
      • KiwiSaver Savings Suspensions
      • Voluntary Contributions
      • What's My PIR?
      • KiwiSaver and Tax
    • KiwiSaver for Life Events and Specific Situations
      • Average KiwiSaver Balance by Age
      • KiwiSaver First-Home Withdrawal
      • KiwiSaver First Home Grant Guide
      • KiwiSaver Hardship Applications
      • KiwiSaver in a Divorce or Separation
      • KiwiSaver for Kids
      • Investment Traps to Avoid When Accessing Your KiwiSaver Funds at 65
      • Feijoa Review
    • KiwiSaver Schemes
      • AMP KiwiSaver Scheme
      • ANZ KiwiSaver Scheme
      • ASB KiwiSaver Scheme
      • AON KiwiSaver Scheme
      • BNZ KiwiSaver Scheme
      • Booster KiwiSaver Scheme
      • Fisher Funds KiwiSaver Scheme
      • Generate KiwiSaver Scheme
      • InvestNow KiwiSaver Scheme
      • Pie KiwiSaver Scheme Review
      • Kernel KiwiSaver Review
      • Kernel KiwiSaver Plan vs Superlife KiwiSaver Scheme
      • Kiwi Wealth KiwiSaver Scheme
      • kōura Wealth KiwiSaver Review
      • SBS Wealth KiwiSaver Scheme Review
      • MAS KiwiSaver Scheme
        • MAS Review
      • Mercer KiwiSaver Scheme
      • Milford KiwiSaver Plan
      • New Zealand Defence Force KiwiSaver Scheme
      • GoalsGetter KiwiSaver Scheme
      • Pathfinder KiwiSaver Review
        • Pathfinder vs ANZ KiwiSaver Growth Funds Comparison
      • QuayStreet KiwiSaver Scheme
      • Simplicity KiwiSaver Review
      • Summer KiwiSaver Scheme
      • SuperLife Review
      • Westpac KiwiSaver Scheme
    • KiwiSaver Calculators
      • KiwiSaver Calculator
      • KiwiSaver Returns Calculator
  • Business Loans & Tools
    • Business Bank Accounts
    • Business Credit Cards
      • American Express Gold Business Card Review
    • Compare Business Loans
      • Small Business Loans
      • Prospa Business Loans Review
      • Business Line of Credit
      • Business Borrowing Options
      • Business Loan Calculator
      • Invoice Finance
      • Business Loan Brokers Explained
      • Commercial Vehicle Finance Options
      • Operating Leases
      • Finance Leases
      • Operating Leases vs Financing Leases
      • Car Loan Repayment Calculator
      • Bizcap Business Loans Review
      • Taxi (Business Funding) Review
    • Wise Business Account Review
    • Business Essentials
      • Money Saving Tips For Businesses
      • Get Debtors to Pay Overdue Invoices
      • Working Capital
      • Liquidations and Receiverships
      • Can't Make Payroll Guide
      • Buying out a Business Partner
      • Business Brokers
    • PAYE & Taxes
      • PAYE Calculator
      • Provisional Tax
      • Lighthouse Accounting Services Review
      • PAYE Tax Rates 2025 & 2026
      • Tax Codes in New Zealand
      • Minimum Wage
    • Business Calculators & Resources
      • GST Calculator
      • GST Due Dates 2025
      • ROI Calculator
      • IRR Calculator
      • Internal Rate of Return
      • Percent Off Calculator
      • Profit Margin Calculator
      • Current Ratio Calculator
      • Quick Ratio Calculator
    • Online Services
      • Domain Names
      • Trusted Web Designers
        • Auckland Web Designers
        • Hamilton Web Designers
        • Wellington Web Designers
        • Christchurch Web Designers
        • Tauranga Web Designers
        • Lower Hutt Web Designers
        • Dunedin Web Designers
      • Digital Identity Programs and Online Verification Tools
      • Trusted Auckland SEO Companies
      • Digital Marketing Agencies Auckland
      • Video Production Auckland
      • Social Media Influencer Marketing
      • PayPal NZ Account Fees
      • Paypal vs Stripe Review
      • Hnry Review
      • n3 Trade Card Review
      • Plain English Awards
      • Retail Security Options and Costs
    • For Startups
      • How to Start a Business in New Zealand
      • Raising Capital
      • Product Market Fit
      • Crowdfunding vs Bank Financing
      • Blackbird vs Movac
      • How to Become an Angel Investor
      • How to Raise Money from Angel Investors
      • Alternatives to VC Funding
      • Hiring for a Startup
      • VCFO (Virtual CFO)
      • New Zealand Startup and Founder Incubators
      • Expanding Offshore
      • New Zealand Invoice Template
      • Business Podcasts
      • Attending the Singapore FinTech Festival
  • MSD
    • Navigating Work and Income Benefits
    • Jobseeker Support Benefit Rates 2025 and 2026
    • Jobseeker Support Guide
    • Accommodation Supplement Guide
    • SuperGold Card Review
    • Disability Allowance
    • MyMSD
    • Community Services Card
    • Hardship Assistance - Urgent Costs and Living Expense Assistance
    • Loans for Unemployed
    • Working for Families Guide
    • Childcare Subsidies in New Zealand
    • Super Rates 2025 and 2026
    • NZ Superannuation in a Nutshell
    • Government Departments Helping New Zealanders Directly
    • Food Grants Guide
    • Food Banks Directory
      • Food Banks Auckland
      • Food Banks Northland
      • Food Banks Hamilton Waikato
      • Food Banks Wellington
      • Food Banks Christchurch
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    • Pet Insurance
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    • Business Insurance
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  • Credit Cards
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      • ANZ vs AMEX vs Westpac Platinum Airpoints Credit Cards
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    • Reviews
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        • Qantas Credit Cards
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    • Travel Money By Country
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  • Banking & Savings
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    • Savings
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      • Booster Savvy Review
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    • Guides and Resources
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  • Mortgages
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      • Top 10 Areas for First Home Buyers 2025
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    • Mortgage Brokers
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      • LifeDirect Mortgages Review
    • Buying a Home
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    • Selling a Home
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      • Bridging Finance
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      • Trusts vs LTCs vs Companies
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    • Building a House
      • NZCB Review
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      • Construction Loans
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  • KiwiSaver
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      • KiwiSaver Must-Know Facts
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      • Feijoa Review
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    • KiwiSaver Calculators
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    • For Startups
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  • MSD
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  • Motoring
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    • Warrant of Fitness
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  • Law
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  • Travel
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    • Air New Zealand Specific
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    • Lounges, Upgrades, Car Hire & More
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    • Best of New Zealand
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      • Queenstown Like a Local
    • Hotels & Dining
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    • Foreign Currency Exchange
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  • Mobile & SIM
    • Compare Mobile Plans
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    • Saily Review
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    • Apple Watch Buying Guide
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  • Broadband
    • Compare Broadband Plans
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    • Internet Speed Test
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      • Skinny Review
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  • Power
    • Compare Power Companies
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    • Electric Vehicle Power Plans
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    • Power Companies
      • Contact Energy Review
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  • Essential Money Tips
    • Must-Read Lists & Tips
      • Fleeced Kiwi Awards 2025
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      • 10 Things to Do Differently with Money in 2026
      • 10 Signs You’re in Financial Danger
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      • 20 Things to Stop Buying to Have More Money
      • 20 Must-Know Money Lessons (Learned From Experience)
      • 20 Frugal Decisions That Often Backfire
      • 20 Money Habits that Keep You Poor
      • 20 Ways to Save on Household Bills
      • 20 Supermarket Ripoffs
      • 10 Hidden and Exorbitant Costs of Living in New Zealand
      • 10 Simple Financial Steps with Massive Future Payoffs
    • Money & Relationships
      • Bailing Out Your Partner Financially
      • Financial Red Flags in a Relationship
      • Don’t Let Supporting Your Adult Children Ruin Your Retirement
      • Lending Money to Friends & Family
      • Guarantors - Loans and Mortgages
    • Money & Family
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      • Tips for Families on a Single Income
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    • Valuable Insights
      • Why Am I Not Wealthy?
      • Can the Average New Zealander Become a Millionaire?
      • Money Habits Keeping You in the Rat Race
      • 15 Great Things New Zealanders Can be Optimistic About
      • How to Survive a Recession
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      • Stealth Wealth
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      • Average NZ Salary by Age
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      • Dental Costs
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    • Challenging Economic Conditions
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      • How to Protect Your Finances from Inflation
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      • Layoffs, Redundancies and Restructures - Your Rights and Next Steps
      • Graduating Without a Job
      • Should I Stop Contributing to KiwiSaver?
  • Financial Independence
    • FIRE Guides
      • How Much Money Do You Need to Retire Comfortably in New Zealand
      • Retirement in a Nutshell
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      • 10 Habits of Quiet Millionaires
      • Financial Freedom by 50
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      • FIRE Explained
      • The Four Percent Rule
      • Achieving Financial Independence, Faster
      • Five Types of FIRE Plans
      • Getting FIRE’d in New Zealand
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    • FIRE Tools
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      • SortMe Review
    • Repaying Debt
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      • Bankruptcy Guide
    • Tax
      • Beginner's Guide to Tax
      • Salary Sacrifice in New Zealand
      • Tax Bracket Creep
      • Choosing an Accountant
      • Accountants in Auckland
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      • Tax Refunds
  • Life Essentials
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      • Make Money Online
      • Paid Survey Websites Review
        • Ipsos iSay Review
        • Nielsen Homescan Review
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        • Valued Opinions Review
        • Opinion World Review
        • Triaba New Zealand Review
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      • Free Samples
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    • Kids Eat Free
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      • HelloFresh Review
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      • Online Supermarkets
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      • Supermarket Christmas Clubs
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    • Entertainment
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    • Consumer Rights
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    • School Holiday Activities
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    • Shopping Resources
      • 65+ Best Online Shopping Websites in New Zealand
      • Shoe Size Conversion Guide
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      • Temu Review
      • Affordable Online Clothes Shopping
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      • Black Friday New Zealand Deals
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    • Living Essentials
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New Zealand Vehicle Fleet Statistics 2025: Average Age, Lifespan & Mileage

​Our guide interprets and explains the official vehicle lifespan data and what it means for your next car purchase
 New Zealand Vehicle Fleet Statistics
Updated 28 December 2025

​Summary
  • Whether you're buying a used car or new car, arranging finance, or comparing insurance, many drivers wonder how long the car will actually last.
  • To help answer this question, we've analysed the Ministry of Transport's official vehicle fleet data to give you data-based New Zealand answers.
  • The data used in this guide is sourced from actual odometer readings when vehicles leave the New Zealand fleet (scrapped, exported, or deregistered) and outlines how far different types of cars travel before they turn the last corner. You can access the dataset on the Ministry of Transport's website.

Key Findings (from 2025's published NZTA data)
  • Average petrol car lifespan: 195,134 km
  • Average diesel car lifespan: 242,140 km (+47,000 km more than petrol)
  • Utes and vans last longest: 249,427 km average
  • New Zealand-new vehicles outlast used imports by 21,000 km (as to be expected given they start their life as a new car)
  • Larger engines last longer: 3000cc+ vehicles average 225,042 km
  • The average New Zealand vehicle age is 14.8 years, and 63% of the cars on our roads are 10+ years old
  • NZ has one of the oldest car fleets in the developed world: Average age 14.8 years - 4+ years older than Australia (10.6 years) and over 5 years older than the UK (9.0 years) based on overseas government fleet reports.
  • Cars are lasting shorter lives than five years ago: Petrol vehicles scrapped in 2023 averaged 17,000 fewer km than in 2019; diesels dropped a massive 21,000 km.
  • Diesel power pays off big: Diesel cars and utes outlast petrol ones by ~47,000–54,000 km on average - that's 24–28% more life.
  • Rural vs City: Southland tops the country with nearly one vehicle per person (996 per 1,000 residents), while Wellington has the lowest at just 706.
  • Old cars ply our roads: 43% of the fleet is 15+ years old
  • Used Japanese imports still dominate: 41% of all light vehicles arrived second-hand - down from a 2007 peak of 49%, but still massive by global standards and the main reason our fleet stays so old.
  • Big engines = big longevity: Vehicles with 3000cc+ engines average 225,000 km - 30,000+ km more than small city cars under 1350cc, thanks to highway-friendly use and tougher builds.

To outline what's important, our guide covers:
  • Car Lifespan by Vehicle Type
  • How Engine Size Affects Lifespan
  • Cars are Not Lasting as Long
  • New Zealand's Vehicle Fleet - Age of Cars and Must-Know Information
  • Understanding Why New Zealand's Vehicle Fleet is So Old and What it Means for Drivers
  • Vehicle Ownership by Region
  • Frequently Asked Questions

About This Data
  • All statistics in this guide come from the Ministry of Transport's official New Zealand Vehicle Fleet Statistics, published annually in November/December.
  • Next update expected: December 2026 (when new fleet statistics are released)

Car Lifespan by Vehicle Type NZ

Car Lifespan by Vehicle Type

The table below shows how far different types of vehicles travel before being removed from the New Zealand fleet register. The 'average odometer at disposal' is the final reading recorded at the vehicle's last warrant of fitness before it was scrapped, exported, or otherwise deregistered.

Important: Diesel vehicles and light commercial vehicles (utes, vans) significantly outlast petrol passenger cars. If you're doing high kilometres or need a work vehicle, these numbers support choosing a diesel ute or commercial vehicle - they're built to last.
Vehicle Type Average Lifespan Notes
Light commercial vehicles (utes & vans) 249,427 km Built for heavy use
Diesel vehicles 242,140 km +47,000 km vs petrol
NZ-new vehicles 213,930 km +21,000 km vs used imports
Light passenger vehicles (cars) 195,723 km Overall average
Petrol vehicles 195,134 km Most common fuel type
Used imports (Japan) 193,123 km Arrive with 50,000-100,000km already

How Engine Size Affects Lifespan NZ Cars

How Engine Size Affects Lifespan

Bigger engines tend to last longer. This isn't because small engines are badly made - it's about how the cars are used. Larger vehicles arguably often do more highway driving and less stop-start urban work. They're also typically owned by people who drive longer distances. 
Engine Size Average Lifespan Typical Models
3000cc+ (large SUVs, V6/V8) 225,042 km Land Cruiser, Patrol, Highlander
2000-3000cc (mid-size) 212,180 km Camry, Accord, CX-5, RAV4
1600-2000cc (compact) 196,850 km Corolla, Civic, Mazda3, Golf
1350-1600cc (small) 178,452 km Fit/Jazz, Swift, Yaris, Demio
Under 1350cc (city cars) 162,753 km Micra, Alto, i10, Spark

Cars are Not Lasting as Long (But Average Age is Increasing)

Cars are Not Lasting as Long (But Average Age is Increasing)

The data confirms that car lifespans have been declining over the past five years - vehicles scrapped in 2023 had lower odometer readings than those scrapped in 2019. We don't have valid insights to suggest why this is the case right now.

Know This: Diesel lifespans dropped by 21,000 km over five years; petrol dropped by 17,000 km. This matters for anyone buying a high-mileage vehicle - the remaining useful life may be shorter than historical averages suggest.
Year Diesel Petrol NZ-New Used Import
2019 263,150 km 212,173 km 232,607 km 209,336 km
2020 260,896 km 208,995 km 230,221 km 205,815 km
2021 258,987 km 206,525 km 228,860 km 202,730 km
2022 252,265 km 202,501 km 225,792 km 197,989 km
2023 242,140 km 195,134 km 213,930 km 193,123 km

Know This: Vehicles have been ageing steadily since 2000. Back in 2000, the average vehicle was under 12 years old. Now it's nearly 15; that's three years added to the average age over two decades - and it's still climbing.
Year Avg Age 10+ Years 15+ Years 20+ Years
2000 11.8 years 46% 24% 9%
2005 12.3 years 52% 28% 10%
2010 13.5 years 57% 34% 14%
2015 14.1 years 58% 39% 19%
2020 14.3 years 59% 40% 20%
2024 14.8 years 64% 43% 21%

New Zealand's Vehicle Fleet - Age of Cars and Must-Know Information

New Zealand's Vehicle Fleet - Age of Cars and Must-Know Information

Our table outlines what New Zealand's light vehicle fleet looks like (as at December 2024). We aim to help you understand where your car fits and emphasise that driving an old car is normal, as supported by data.

Know This: New Zealand has one of the oldest vehicle fleets in the developed world. If you're driving a 15-year-old car, this is not unusual - you're in the largest age bracket.

As the tables outline below, nearly half the fleet (43%) is 15 years or older. This arguably has some practical implications:
  • Parts availability becomes an issue for some models
  • Safety features lag behind modern standards, and
  • Fuel efficiency is generally worse.

It also means the second-hand market has plenty of older vehicles - so prices reflect this reality.

Statistic Value Context
Total light vehicles registered 4,309,833 Population: 5.29 million
Average vehicle age 14.8 years One of oldest fleets in OECD
Vehicles 10+ years old 63.5% 2.74 million vehicles
Vehicles 15+ years old 43.3% 1.87 million vehicles
Average km driven per year 10,623 km Per vehicle average
Petrol vehicles in fleet 68.5% 2.95 million vehicles
Diesel vehicles in fleet 21.4% 923,050 vehicles
Electric & plug-in hybrid 2.6% 113,121 vehicles

Vehicle Age Number % of Fleet Cumulative
0-4 years (newest) 695,187 16.1% 16.1%
5-9 years 876,897 20.3% 36.5%
10-14 years 870,374 20.2% 56.7%
15-19 years 952,517 22.1% 78.8%
20+ years (oldest) 914,858 21.2% 100%

​Which Cars Are Oldest? Age by Type and Origin:

Not all vehicles are equally old. Based on the data:
  • NZ-new diesels (mostly utes) are the youngest category at under 10 years average.
  • Used import diesels are the oldest at over 22 years - many were manufactured in the early 2000s or late 1990s.
  • The pattern is clear: NZ-new vehicles are younger, used imports are older.
  • Diesel utes bought new are the youngest category because businesses replace them regularly. Used import petrol cars - the backbone of NZ's affordable car market - are by far the oldest.
Vehicle Category Average Age Context
NZ-new petrol vehicles 13.5 years Youngest petrol category
NZ-new diesel vehicles 9.7 years Youngest overall (many utes)
Used import petrol vehicles 18.1 years Bulk of older fleet
Used import diesel vehicles 22.3 years Oldest category
Electric vehicles (BEVs) ~3 years Almost all recent imports

Used Imports - What You Need to Know

​New Zealand is one of very few developed countries that allows mass importation of used vehicles. About 41% of our fleet arrived as second-hand imports, mostly from Japan. This shapes everything about our vehicle age profile.
 
Used imports peaked at 49% of the fleet in 2007 and have been slowly declining. This is because of tighter import standards (up until 2026 per this article from newsroom), the Clean Car Discount (which ended in 2023), and rising incomes making new cars more accessible. However, our view is that 41% is still a massive proportion by international standards.
Year Used Import Share Context
2000 39.3% Used imports growing
2007 49.1% Peak used import share
2015 46.1% Share declining
2020 44.2% Continued decline
2024 41.2% Lowest since 2001

Understanding Why New Zealand's Vehicle Fleet is So Old (and What it Means for Drivers)

Understanding Why New Zealand's Vehicle Fleet is So Old (and What it Means for Drivers)

Three factors create New Zealand's uniquely old fleet:
  1. Used import policy: We're one of the very few developed countries that allow mass importation of used vehicles. About 41% of our fleet arrived second-hand from Japan, already 5-8 years old. Then they stay on our roads for another decade or more.
  2. High new car prices: Small market + isolation = expensive new cars. When new vehicles cost more, people buy used and keep them longer.
  3. Limited public transport: In every city, most New Zealanders genuinely need a car for daily life. When you must have transport, you keep your car running even when it's old — because there's no alternative.

The result of these factors means New Zealand's average vehicle age is around 14.8 years, compared to 10.6 years in Australia and 9.0 years in the UK based on overseas government fleet reports.

What This Means for You

For Car Buyers
  • Older cars are normal - don't assume a 15-year-old car is automatically a bad buy
  • Factor in remaining lifespan - a petrol car at 150,000 km has limited life left
  • Parts availability becomes an issue for vehicles over 20 years old
  • Safety features on older cars lag significantly behind modern standards
  • More information: Buying a used car

For Car Insurance
  • Agreed value is often better than market value for older cars in good condition
  • Market values for 15+ year old cars can be unpredictable
  • More information: Compare car insurance

For Car Finance
  • Match your loan term to the vehicle's remaining useful life
  • Be careful about taking a 5-year loan on a car that might only last three more years
  • More information: Compare car finance

 New Zealand Vehicle Fleet Statistics by Region

Vehicle Ownership by Region

Vehicle Ownership by RegionVehicle ownership varies significantly across New Zealand. Rural and provincial regions tend to have higher ownership rates (more vehicles per person) because public transport options are limited. Urban centres like Wellington and Auckland have lower per-capita rates due to better public transport and higher housing density.

The table below is ordered by vehicle ownership rate (highest to lowest per 1,000 population).
​
New Zealand average: 815 vehicles per 1,000 population (4,309,833 total vehicles)
Key Regional Insights
  • Southland has the highest ownership rate (996 per 1,000) — nearly one vehicle per person. Rural areas with limited public transport require personal vehicles.
  • Wellington has the lowest rate (706 per 1,000) — likely due to compact urban form and reasonable public transport options.
  • Auckland has low per-capita ownership but dominates total numbers — 31% of all vehicles are registered in Auckland.
  • South Island provincial regions consistently show higher rates — Canterbury, Nelson/Marlborough, and West Coast all exceed 900 per 1,000.
Region Total Vehicles % of NZ Per 1,000
Southland 103,404 2.4% 996
Nelson/Marlborough 162,353 3.8% 979
Canterbury 656,641 15.2% 956
West Coast 31,503 0.7% 918
Bay of Plenty 314,350 7.3% 894
Otago 211,119 4.9% 840
Manawatu-Whanganui 218,079 5.1% 835
Hawke's Bay 149,551 3.5% 826
Taranaki 106,913 2.5% 819
Northland 159,980 3.7% 797
Waikato 416,117 9.7% 789
Auckland 1,346,762 31.2% 749
Gisborne 38,170 0.9% 720
Wellington 382,378 8.9% 706

New Zealand Vehicle Fleet Statistics - Frequently Asked Questions

Frequently Asked Questions

How many kilometres should a used car have?

We suggest you use 10,600 km per year as your baseline. For example, a 10-year-old car "should" have roughly 106,000 km. Significantly less (say, 60,000 km) suggests light use and prompts the question of why it was driven so little.

Significantly more (say, 150,000 km) means heavy use - this is not automatically bad, but you will need to inspect more carefully and check the service history for consistent maintenance.

For Japanese used imports, add the km they arrived with. A car showing 95,000 km that arrived with 60,000 km has only done 35,000 km on NZ roads - about 3 years of average driving, regardless of how old it is.

Is 200,000 km too many for a car?

It depends entirely on the vehicle type:
  • Petrol car at 200,000 km: You're at or beyond average lifespan (195,000 km). Major components are, unless they've already been replaced, statistically at end-of-life. Whatever the condition, you need to budget for significant repairs or be prepared to replace the car soon.
  • Diesel car at 200,000 km: You're around 80% of the average lifespan for a diesel car per our tables above (242,000 km). Expect 40,000+ km of normal use remaining. Despite what appear to be huge odometer readings, this is a mid- to late-life diesel, not an end-of-life one.
  • Diesel ute/van at 200,000 km: You're at around 80% of average lifespan (249,000 km). These vehicles regularly run to 250,000-300,000 km with proper maintenance. Still has plenty of working life.

Important: The raw number doesn't tell you much; instead, the vehicle type does.

Why do diesel cars last longer than petrol?

Three factors combine:
  1. Engineering: Diesel engines are built heavier-duty to handle higher compression ratios. This means stronger blocks, heavier internals and more robust construction overall.
  2. Usage patterns: Diesels tend to do more highway driving (where they're most efficient) and less stop-start urban work. Highway km is easier on engines than city km.
  3. Maintenance culture: Many diesels are commercial vehicles where downtime costs money. Owners maintain them properly because they can't afford breakdowns. The average diesel gets better care than the average petrol car.

Should I buy a used import or a New Zealand-new vehicle?

Neither is automatically better - to make a decision, you'll need to calculate the value:
  1. Estimate the remaining life for each option
  2. Divide the purchase price by the remaining life (in years) to get the cost per year
  3. Compare the cost per year, not just the purchase price

Our View: A cheaper used import with shorter remaining life might cost more per year than a more expensive New Zealand-new car with longer remaining life. Or, depending on the calculations, it might cost less. The numbers vary by specific vehicle - please don't make any assumptions when it's easy to make the calculations.

How long should my car loan be?

If you're considering car finance, please be aware that the shorter the loan period, the less interest you'll pay. This means higher repayments but savings overall. For the purposes of using lifespan data, you'll need to calculate remaining life as average lifespan minus current km, divided by 10,600, then choose a loan term at least 2 years shorter.

For example:
  • Petrol car at 100,000 km → ~9 years remaining → maximum 7-year loan
  • Petrol car at 150,000 km → ~4 years remaining → maximum 2-3 year loan
  • Diesel ute at 150,000 km → ~9 years remaining → maximum 7-year loan

Important: If a lender offers you a longer term, that doesn't mean it's sensible or helpful - they're secured against the car, but you are personally liable for it, which means you'll need to clear the balance no matter what happens to the vehicle later on.

What annual mileage should I tell my insurer?

Car insurance policies need to have the correct information to be valid, so you must tell them the truth. Check your last two WoF certificates for actual odometer readings and calculate your real annual km. If you don't have records, estimate conservatively based on your driving pattern:
  • Work from home and retired: 5,000–7,000 km
  • Short commute: 8,000–10,000 km
  • Average commuter: 10,000–15,000 km
  • Long commute/trades: 15,000–20,000+ km

Know This: Underestimating to get a lower car insurance quote is unwise, as it can void your cover or reduce your payout when you need it most. Our guide to saving on car insurance has more information.

Why do larger engines last longer?

It's correlation, not just causation. Larger engines appear in vehicles that are:
  • Used for highway/touring driving (easier on engines)
  • Often built more robustly overall (Land Cruiser vs Yaris)
  • Owned by people who can afford proper maintenance
  • Designed for longevity rather than just economy

For example, a 3.0L engine in a Land Cruiser designed for 300,000 km is a different proposition from a 1.0L engine in a city car designed for 150,000 km - the engine size reflects the vehicle's purpose and build quality. However, a well-maintained small engine can outlast a neglected large one, so our data isn't a rule.

Is it worth buying a high-mileage car?

Potentially, if:
  • The price genuinely reflects the mileage (not just slightly discounted)
  • You can verify consistent maintenance (this includes service records, receipts)
  • You have a budget for repairs when components reach end-of-life
  • You won't finance its purchase for longer than its remaining life
  • It's a vehicle type known for longevity (diesel, commercial, etc.)

Our View: High-mileage cars can be an excellent value if bought right. However, many New Zealanders are offered "low-mileage prices" for high-mileage cars. If the price doesn't reflect the reduced remaining life, walk away.

How often should I service my car to maximise lifespan?

Follow the manufacturer's schedule - they engineered the car and know what it needs. Typical intervals:
  • Oil and filter: Every 10,000-15,000 km or 12 months, whichever comes first
  • Air filter: Every 20,000-40,000 km
  • Spark plugs: Every 30,000-100,000 km, depending on type
  • Timing belt: Every 80,000-100,000 km — this is critical and expensive if it fails
  • Transmission fluid: Every 60,000-100,000 km for automatics
  • Coolant: Every 2-5 years, depending on type

Important: The cost of regular servicing over a car's life is a fraction of the cost of a single major repair caused by skipped maintenance. An engine rebuild costs $5,000-$15,000, while regular oil changes cost $100-150 each, so it's important not to neglect any servicing.

Do these lifespans apply to electric vehicles?

We don't have enough New Zealand data yet. EVs are only 2.6% of the fleet, and most are recent arrivals - the average age is around 3 years. With few EVs being scrapped, we don't know how long they will last overall.

However, international data suggests EV drivetrains can last 300,000+ km, but battery degradation is the key variable. A battery that's lost 30% of its range might still "work" but may not suit your needs. We will update this guide as New Zealand-specific EV lifespan data becomes available.

What about hybrid vehicles?

Hybrids (non-plug-in, like the Toyota Aqua or Prius) are well-established and have proven longevity. The combination of a petrol engine and an electric motor actually reduces wear on both: the electric motor handles stop-start driving, which's hard on petrol engines, while the petrol engine handles highway work, where it's efficient.

Many Uber and taxi fleets use Prius hybrids specifically because they last well at high km. Battery replacement is a concern, but modern hybrid batteries typically last 200,000+ km, and replacement costs have dropped significantly. We estimate that a hybrid with good battery health should last as long as, or longer than, an equivalent petrol-only vehicle.

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        • How to Invest in the NASDAQ from New Zealand
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        • NZX in a Nutshell
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    • Introduction to Investing
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        • Shares vs ETFs
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        • Barefoot Investor-Friendly Financial Products in New Zealand
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      • Young People and Investing
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          • Craigs Investment Partners Review
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        • Bank Credit Ratings
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      • Reviews
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    • Alternative Investments and Trading
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        • Guides
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          • Other Coins
            • How to Buy Ripple in New Zealand
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  • Loans & Finance
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  • Insurance
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    • Pet Insurance
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    • Business Insurance
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  • Credit Cards
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      • ANZ vs AMEX vs Westpac Platinum Airpoints Credit Cards
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    • Reviews
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        • Where is AMEX Accepted?
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        • Qantas Credit Cards
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  • Travel Money Cards
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    • Travel Money By Country
      • Top Travel Destinations Where the NZD is Strong Right Now
      • Australia Travel Money
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  • Banking & Savings
    • Banking
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    • Savings
      • Best Term Deposits
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      • Booster Savvy Review
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    • Guides and Resources
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  • Mortgages
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      • Top 10 Areas for First Home Buyers 2025
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      • Tips for Seniors Renting or Paying Down a Mortgage
      • Remortgaging Guide
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    • Mortgage Brokers
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      • LifeDirect Mortgages Review
    • Buying a Home
      • First Home Buyers Checklist
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      • Best House Price & Valuation Websites in New Zealand
      • New Zealand Property Types
      • Rateable Value vs Market Value
      • Leasehold Property Guide
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    • Selling a Home
      • How to Sell Your House Privately
      • Real Estate Agent Fees
      • Bridging Finance
    • Property Investment
      • Every Tax Deduction Property Investors Can Claim
      • Trusts vs LTCs vs Companies
      • Investment Property Mortgages
      • 20 Property Investment Risks You Can't Ignore
      • Renting Directly to Tenants vs Using an Agent
      • Interest Deductibility Changes
    • Building a House
      • NZCB Review
      • Average Building Cost Per Square Metre
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      • Buying Land to Build a House
      • Construction Loans
      • Tiny Homes in New Zealand
  • KiwiSaver
    • KiwiSaver Basics
      • Our Favourite KiwiSaver Funds
      • Best Performing KiwiSaver Funds
      • Milford vs ANZ KiwiSaver Growth Funds Comparison
      • Free $500+ Government Money for KiwiSaver
      • Is KiwiSaver Safe?
      • Choosing a KiwiSaver Fund
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      • Choosing Your KiwiSaver Scheme
      • Balanced vs Moderate vs Growth KiwiSaver Funds - What is right for me?
      • KiwiSaver Must-Know Facts
      • Opting out of KiwiSaver
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      • Feijoa Review
    • KiwiSaver Schemes
      • AMP KiwiSaver Scheme
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      • MAS KiwiSaver Scheme
        • MAS Review
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        • Pathfinder vs ANZ KiwiSaver Growth Funds Comparison
      • QuayStreet KiwiSaver Scheme
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      • Westpac KiwiSaver Scheme
    • KiwiSaver Calculators
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  • Business Loans & Tools
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      • Digital Identity Programs and Online Verification Tools
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      • PayPal NZ Account Fees
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    • For Startups
      • How to Start a Business in New Zealand
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  • MSD
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    • Food Grants Guide
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  • Motoring
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      • Turners Cars Review
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