Three dos and don’ts for private vehicle finance in South Africa

Three dos and don’ts for private vehicle finance in South Africa

By | 2015-10-30T10:12:08+00:00 9 November 2015|Blog, Vehicle finance|

Private vehicle finance in South Africa is becoming the solution to many people’s finance problems. Those who are blacklisted, have a poor credit history, or who simply don’t want to be tied into fixed long term contracts can really benefit from private finance. While this is a simpler way to acquire the funds required for purchasing a vehicle, there are still some dos and don’ts that must be considered. Below are a few points:

  • Choose rent to own vehicle finance over standard car finance. This type of vehicle finance doesn’t force you into a long term contract and at the end of your specified rental period, you can have earned the vehicle.
  • Don’t accept the first vehicle finance deal which is offered to you. Make sure there are some perks to the vehicle finance package. Some top perks to look out for include monthly cash back offers, road side assistance or courtesy vehicles if you are in an accident, accident management and support and even a tracker system and immobiliser.
  • Make sure you have an initial deposit to put down. The deposit requested is usually set at 20% of the value of the vehicle and helps to bring down the cost of the monthly instalments you pay.

Earn-a-car Offers Private Vehicle Finance in South Africa

If you are looking for private vehicle finance in South Africa, you have come to just the right place. At Earn-a-car, our vehicle finance loan model is unique. We actually rent the vehicle to you until such time as it is paid off. Such finance is simple to acquire and what’s more, the contract in place will not force you into a long term deal. You can cancel the agreement at any time, with 30 days notice. This type of finance is also ideal for those who are blacklisted or have a poor credit rating.

If you are looking for top quality pre-owned vehicles and wish to finance the purchase affordably, take the time to chat to us at Earn-a-car. We will provide you with sound advice on how private vehicle finance works and will also ensure you are offered access to the best car finance deals on the market. For more information and advice, contact us at Earn-a-Car today.