Motor - FAQ's For Vehicle Refinance

What are the Benefits of Refinancing?

Lower monthly instalments
Possible lower interest rates
Skip an instalment (45-60 days before your first instalment)
Better cash liquidity

How does it Work?

We process your completed application form
Upon bank approval we discuss your options
With your final go-ahead we arrange and have the contract signed
We then settle your existing finance and handle all the necessary transfers
You start paying your new (lower) instalment up to 45-60 days later

What are the Qualifying Criteria?

Your vehicle should not be older than 10 years.
You have a valid driver's licence.
You are not listed for bad debt.
Your vehicle is roadworthy, has not been rebuilt and is not a "Stolen and Recovered" vehicle.

What Paperwork is Necessary?

Your green bar-coded ID
Your valid driver's licence
Your proof of income
Your proof of address (For FICA purposes)
Your vehicle is roadworthy certificate (only necessary upon signing of contract)

Absolutely. We treat your personal information with the utmost confidentiality.
The finance is done through a major South African financial institution.
We do not earn or charge anything until the successful conclusion of your new finance deal and the successful settlement of your old finance contract
We handle all the registration documents and transfers for you

When do I pay my First Instalment?

Since we settle your current finance, depending on the date you signed your new contract your first instalment will only be about 45-60 days later.

When is Refinancing most Effective?

When your current finance was done at a high interest rate (fixed or linked rate)
When you've been paying your current vehicle finance instalments for at least a year or two or longer
When the term is increased as well as interest rate bettered

Our trusted partners