Hybrid Cars

Hybrid Cars

We have entered into an arrangement with the Clean Green Car Company to provide vehicle finance to their clients.  We offer a simple stream-lined eco-purchase loan application process and provide finance at slightly below standard market rates for vehicle finance to purchasers of low-emission fuel-efficient hybrid vehicles. 

Pometheus had been looking for a while at the possibility of setting up an easy "Eco-Purchase" loan application process to rival standard hire-purchase arrangements with affordable interest rates. The core of this idea was to be able to offer finance for smaller loan amounts of $5,000 - $30,000, where the product to be purchased fit within our criteria of being friendlier on the environment than conventional alternatives.

We saw hybrid cars as a good fit into this type of scheme. With our past experience of providing finance for the earlier rounds of EECA's solar water heating scheme we recognised that the risk profile for ‘eco-consumers' appeared to be better than average. Consequently, we are able to work on a lower risk margin on these loans and offer a competitive loan rate as well as flexible repayment terms.

This scheme was established in early 2006 and has resulted in a steady stream of applications. In following up with many of these people subsequently we have found a high level of satisfaction with both our simple loan application process and our interest rate for these loans. These new hybrid owners have also reported a very high level of satisfaction with the performance, fuel economy and cost savings they have experienced with their new low-emission vehicles.

For information about second hand hybrid vehicle's go to www.hybridcars.co.nz