The Car Fund

A FLEXIBLE ARRANGEMENT
GREAT VALUE FOR MONEY
HASSLE-FREE MOTORING

1. Membership costs:
   
   1. Member pays $500 (incl GST) joining fee.
   2. Membership of group or community service organisations $250 (incl GST).
   3. A member may leave and rejoin the Car Fund at a later date at no cost.
2. The vehicle is registered in the name of the Diocesan Car Fund Trust for GST purposes and the Member is issued with a Membership Certificate that shows the amount invested (initial Loan Contribution for supply of vehicle).
3. Member is acknowledged as being responsible for servicing and up-keep of vehicle including Warrant of Fitness.
4. The net cost of the first vehicle (new or pre-owned) becomes the Member’s Loan Contribution.
5. Thereafter an annual levy of $4,500.00 which is comprised of a replacement levy of $3,740.00 plus administration fee of $760.00 (both GST inclusive).
6. The Member pays full relicensing fees as charged by NZTA, currently $211.84 (incl GST).
7. The vehicle is insured with the Car Fund’s selected insurers. Average cost $630.00 (incl GST).
   
   1. Car Fund administration assists with claims advice.
   2. Where possible, loan car available.
   3. If write-off, prompt issue of replacement vehicle.
8. On the winding up of the Car Fund, Members may receive a refund of less than, but no greater than, their Loan Contribution.
9. Should the Member wish to withdraw from Membership (3 months notice) or the Car Fund ceases, and they wish to retain their vehicle, they are responsible for paying:
   
   1. GST due on the value of their vehicle on the day they withdraw or the Car Fund ceases (not purchase price).
   2. all outstanding accounts.
10. Membership of the Diocesan Car Fund Trust provides access to other discounted services.
11. From time to time the Trustees may alter the Terms of Membership to reflect market movement.
12. Cancellation of Membership – in withdrawing from the Diocesan Car Fund Trust (or advising cancellation of Membership) at least 6 months’ notice is preferred although a minimum 3 months’ notice may be accepted by the Trustees following negotiations between both parties.

Download Membership application form (.pdf)