Vehicle finance to fast track your ownership!
How does it work?
It’s as easy as…
Completing our short application form.
Complete our online application form to share the details and documentation we require to start the application process.
One of our agents will contact you to discuss your application and gather any additional information required to finalise the application.
We will finalise and process your application and have one of our agents contact you with the outcome of your application.
Vehicle financing is a financial arrangement that enables individuals to acquire a vehicle without paying the full purchase price upfront. Instead, a financial service provider agrees to loan the required funds as payment for the vehicle’s purchase. The borrower then repays the loan in a series of monthly instalments over a predetermined period, which typically ranges from 36 to 72 months. These instalments include the principal amount and the interest accrued on the loan.
The interest rate applied to the loan is determined by various factors, including the borrower’s creditworthiness, income, and financial stability. A lien is placed on the vehicle during the repayment period, granting the lender security and the right to repossess the vehicle should the borrower default on their payments. Once the loan has been repaid in full, the asset is released, and the borrower assumes full ownership of the vehicle. AutoFin Assist provides a convenient and accessible solution for individuals seeking to obtain a vehicle with enhanced financial flexibility.
Here’s why you should finance your vehicle through Autofin Assist:
We can find you the best deal.
We can help you navigate the world of successful financing.
We can find you a car.
We can still help if you don’t qualify for finance.
Our commitment to your financial success goes beyond mere transactions – we aim to secure the lowest interest rates and optimal repayment structures whilst building lasting relationships with our clients, and providing ongoing support as needed.
Understanding vehicle finance
Vehicle financing offers a swift and convenient funding solution for acquiring a new vehicle, eliminating the need for upfront savings to fund the purchase. By partnering with AutoFin Assist, you can borrow the funds required to secure your vehicle and make manageable monthly payments over an agreed-upon period, with interest.
We do the legwork for you! Our professional relationship with the major vehicle financiers in South Africa helps us source financing that meets your needs. We guide the process to ensure you select the most advantageous financing plan suited to your current financial feasibility.
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.