When you’re looking to buy a vehicle in a private sale – one that’s not brand new, or not sold by a dealership – you may need a car loan.
However most vehicle finance organisations only offer a new car loan and won’t lend you money to cover this kind of transaction. DirectAxis, in association with *WesBank's Private Finance Division, offers private vehicle financing from R30 000 upwards, for private sales, older vehicles or any vehicle purchases that can’t be financed traditionally.
Financing of R30 000 or more for private vehicle transactions
Approval in as little as 24 hours (subject to validation)
A finance agreement that is tailored for your needs – instalment sale, lease agreement, or balloon payment option, plus an early settlement option, if you’d like one
Choose your repayment period to suit your budget – from 12 to 60 months
Competitive interest rates – and the option of a fixed interest rate
The option to skip a payment on your used car loan for one month each year if you choose
The option of a Group Life Plan which settles your outstanding amount owed on your vehicle in the event of your death, permanent disability or certain dread diseases and offers limited cover in the event of temporary disability and should you be retrenched your monthly payments will be covered for up to 6 months!
Have the following information handy and call 0861 783 783 today for direct access to fast vehicle finance or click here for a Call-Back.
The make, model and year of the vehicle you’re buying – as well as the seller’s details
Your ID number and driver’s licence
Spouse’s details if applicable
Proof of income (a pay slip) and details of the bank account into which your salary is paid
*DirectAxis Direct Car Loans are managed and administered by
WesBank, a division of FirstRand Bank Limited. An Authorised Financial Services and
Credit Provider. NCRCP20.