Vehicle Finance


  • Have your monthly premiums on your vehicle become unbearable?
  • Are you trying to either buy or sell your vehicle privately?
  • Do you want to bring down the monthly premium on your vehicle, save money and ease your cash flow?

If you have answered yes to any of these questions, we can help you.

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Enquire About Our Asset Loans:

Enter your details below. Please note we only give loans against paid up assets that people already own. We unfortunately do not offer PERSONAL LOANS!

Please select the asset you own:
NB: NO PERSONAL LOANS

Vehicle Refinancing


Vehicle refinancing basically involves replacing your current car loan with a new one. This process can help you lower your monthly payments, reduce your interest rate and adjust the loan term length on your car.

We can refinance the settlement amount of your current vehicle and bring down your monthly premium to save you money and ease your cash flow.

Will the vehicle be refinanced with the same bank?

No, it will not. If you are happy with the revised interest rates, payment amount and duration of the contract, then your current finance with Bank A will be settled in full and your new contract with Bank B will be activated.

If I have a balloon/residual payment how will that affect the refinancing?

What is taken into account is the settlement amount owed to the bank and this will include the balloon/residual if you have one. If the settlement is equal to or less than the vehicle’s current retail value then the vehicle can be refinanced. Alternatively, if you want a balloon/residual amount added to the new refinancing, that can be included.

Over what period can a vehicle be refinanced and what is the oldest vehicle that can be refinanced?

The general rule of thumb is vehicles that are 4 years and newer can be refinanced over a maximum term of 72 months. Then as the vehicles get older the finance period reduces from between 60 months – 48 months accordingly. The maximum age of a vehicle is 10 years old but if you have an exceptional credit history you might get away with an even older vehicle.

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Private to Private Finance


If you are trying to either buy or sell a vehicle privately we can arrange all the finance on your behalf. We will ensure that both the buyer’s and seller’s requirements are met and if any outstanding finance is owed to the bank or seller, we will also manage that process.

Is it not risky selling your vehicle privately?

If you use an accredited company to manage the process then it is not risky in the least. They will ensure that all processes are followed so that money is paid to the bank if there is any outstanding finance owed on the vehicle. Also, if any money is owed to the seller then they will also receive their money accordingly. Very importantly, the paperwork will also be handled so that the vehicle is taken off the seller’s name and put into the buyer’s name.

Should I rather not just trade my car in for another car?

You can do that but remember that a dealer also needs to make money on your traded in vehicle. So they will offer you less than what it is worth so that they can resell it for a profit.

Important things to know about Financing and Refinancing


  • All financing is done through the banks.
  • You cannot have any judgements, arrears or defaults against your name.
  • The minimum salary you must earn is R7,000 per month.
  • The vehicle cannot be older than 10 years old.
  • You need to have a valid SA driver’s license.
  • The vehicle cannot be a rebuilt or a stolen and recovered vehicle.
  • If you are a non-South African, you need to have a valid work permit.

More Question? Ask us!

If you cannot find the answer to a question you might have for us here, enquire today and we will gladly assist. Complete the form and get in touch today.