A lot of people will make financial mistakes during their lifetime. The effects can vary depending on the severity but it is often possible to recover. Learn from the experience and do better next time to prevent a recurrence. In the meantime, however, you will have to deal with the consequences as best you can. For example, a poor credit history will make it difficult for you to get a car loan from traditional lenders. You would have to take your chance on alternative lenders who are willing to take on the risk at a cost.
In order to qualify for the bad credit car loans NZ applicants will have to be at least 18 years of age. They must be a citizen, a permanent resident, or a holder of a work permit. They must hold a NZ learner license at the minimum. Since this is a significant sum, they must prove that they can pay back the amount with a proof of employment or income. This may be through electronic bank statements or an equivalent. The lender will also ask for proof of identification and address. Those who have undergone bankruptcy or insolvency must have been discharged for at least 12 months.