National leader Chris Luxon says coalition negotiations are in the last stages, as talks are expected to resume today.

Luxon met with New Zealand First's Winston Peters in Auckland yesterday, and had a phone call with ACT's David Seymour.

NZ Herald Deputy political editor Thomas Coughlan says Luxon's private sector experience may not have set him up well for coalition talks.

He says politics is obviously different to business.

"He has to talk to New Zealand First and Winston Peters, there's no-one else in the tent. And Winston Peters has the nuclear button- he could just walk away and trigger another election." 

LISTEN ABOVE

• Watch: 'Disingenuous' - Luxon hits back during grilling as coalition talks drag on
• Sunday not out of the question: Speculation over end of coalition negotiations continues
• Luxon 'expects to stay in Auckland for the weekend' as talks ramp up
• 'Take a wild guess': Winston claps back at reporters, denies snubbing Nats, Act in Wellington