not obtain finance from the traditional banks. Our Product offering
The finance is for new and used vehicles
New Vehicles:
Finance Period:36-60 months
Mileage: 25000 km per annum
Used Vehicles:
Age: 2 year and 11 months
Max Kilometers: 50 000 km done
Finance Period: 48 months
The contract has a primary product which is a Lease/rental with two derivatives ie.
• Lite - Where a service plan is included
• Premium - Where a Full Maintenance Plan is included
The contract bundles the following add-on products to the lease to ensure to provide a customer with a total motoring solution on a one-stop shop basis. The benefit ensures the customer does not have to shop around for the individual products and based on group and volume buying power to have the ability to put together competitive offerings:
• Full Comprehensive Insurance
• Roadside Assistance
• Accident Management
• Tracking Unit
• Service or Maintenance Plan
The customer pays one installment which includes all of the above. Payment periods
Contracts up to and including 60 months. Depending on the risk categorisation first payment in advance can be required. Customers who are able to put down a ‘’deposit’’ as a first payment (if needed) will reduce the capital amount financed and hence the installment payable. Residual values
Residual Values of up to 35% over 60 months are considered. Certain vehicles have a maximum RV of 25% that applies and is generally for those vehicles that don’t hold their value over time. Insurance
Full comprehensive insurance cover for the full period of contract will be provided. Mileage Parameters
To ensure to protect the value of the vehicles should they be returned to us during or at the end of contract, we have established mileage limitations. Customers can travel 25000 km’s per annum
Tracking Unit
A quality tracking unit will be fitted which has benefits to the customer. Benefits by being able to track the vehicle in the event of theft. It provides an additional level of safety and security for customers. End of contract options
• At the end of contract customer can return vehicle and walk away. No outstanding balance due.
• Should the customer decided to take ownership at the end of the contract ownership is available subject to the settlement of the RV on the specific contract. What is included in the monthly installment? Included in the Fixed monthly installment Premium Lite
Comprehensive Insurance
Cartrack tracking device
Roadside assistance
Service plan
Maintenance plan x
1 Set of Tyres x
“Peace of mind motoring”
Limited annual mileage
The average South African drives 21 000 km per year but customers are allowed 25 000 km free of charge per annum. Mileage will be assessed every 6 months
Reason…
•Ensure validity of service/ maintenance plan.
•Protection of the Residual value of vehicle. Summary
We have positioned ourselves uniquely in the market by not only targeting black listed customers but being willing to do deals for customers who show a propensity to repay and have the ability to repay based on affordability analysis. Customers who do not Qualify
- No one under Debt Review
- No one under administration
- No one under sequestration
- Nothing less than R9500.00 ( Nett Salary )
Customer concents that his/her application will be submitted via traditional banks. ABSA, MFC, Wesbank, Standard Bank, Ariva, Iemas
Thank you for the opportunity to present the product to you today.
80% approval rate. Terms and conditions apply.
