Hire Purchase

Vehicle Hire Purchase allows you to own a vehicle by paying an initial deposit and then monthly installments over a fixed period. Once the final payment is made, you own the vehicle outright. The benefits of the Hire Purchase Options include:

  • Ownership -you own the vehicle at the end of the finance term.
  • Flexibility – you choose from various finance terms to suit your budget.
  • No Mileage Restrictions: you drive your vehicle without mileage limitations.

Personal Contract Purchase

Personal Contract Purchase offers a flexible way to finance a vehicle. You pay a deposit, followed by monthly payments, and have three options at the end of the contract: return the vehicle, part-exchange it, or pay a balloon payment to own it. The benefits include;

  • Lower Payments: Monthly payments are often lower compared to other finance options.
  • Flexibility: Choose what to do with the vehicle at the end of the contract.
  • Drive New Cars: Easily switch to a new vehicle every few years.

Personal Car Loan

A personal car loan is an unsecured loan that allows you to purchase a vehicle outright. You own the vehicle from the start and make fixed monthly payments until the loan is repaid. The benefits include;

  • Ownership: you own the vehicle from the beginning.
  • No Restrictions: No mileage restrictions or penalties.
  • Flexibility: Use the vehicle as you wish without finance constraints.

Vehicle Leasing

Vehicle leasing allows you to use a vehicle for a fixed period in exchange for monthly payments. At the end of the lease term, you return the vehicle to the leasing company. The benefits include;

  • Latest Models: Drive new vehicles regularly without long-term ownership.
  • Fixed Costs: Predictable monthly payments make budgeting easier.
  • No Trade-In Hassle: Simply return the vehicle at the end of the lease.

No Deposit Vehicle Financing

No deposit vehicle financing allows you to drive away in a vehicle without paying an upfront deposit. This finance solution spreads the cost of the vehicle over monthly payments. The benefits include;

  • No Upfront Costs: Drive away without paying a deposit.
  • Flexible Payments: Manageable monthly payments fit your budget.
  • Get Behind the Wheel: Drive your desired vehicle without delay.

Car Refinancing

Car refinancing involves replacing your existing car loan with a new one, often with better terms. This can help you save money, reduce monthly payments, or access cash from your vehicle’s equity. The benefits include;

  • Lower Payments: Reduce your financial burden with more manageable monthly payments.
  • Better Rates: Take advantage of current market rates to save money.
  • Access Cash: Tap into your vehicle’s equity for unexpected expenses or financial needs.

Commercial Vehicle Refinancing

Commercial vehicle refinancing involves restructuring existing vehicle loans to improve financial terms. This can help businesses reduce payments, access cash, or take advantage of better interest rates. The benefits include;

  • Improved Cash Flow: Lower monthly payments can improve business cash flow.
  • Better Terms: Secure more favorable loan terms, such as lower interest rates.
  • Access Capital: Tap into vehicle equity for business investments or needs.

Who Qualifies for Vehicle Finance?

Applicants must meet specific criteria when applying for vehicle finance. This includes meeting the minimum age requirement (18 years or older), having a valid driver’s license, and providing proof of a stable income. Applicants must be able to prove their income through payslips or bank statements – which allows us to liaise with financial institutions to determine how much vehicle finance you qualify for given your monthly expenses and your current income.

Your credit history will be assessed to determine your creditworthiness. A healthy credit score indicates your ability to pay back debt. Credit scores are affected by how timeous you are at paying back your loans, how regularly you pay your instalments, how much debt you have and if you have ever been blacklisted or have had judgements against your name. While having a good credit score increases your chances of securing a reasonable loan, there are options available for those with low credit scores.