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Residual Car Finance

Autorefin Vehicle and Asset Finance (AVF) is an industry leader in providing residual finance on your car, bike or caravan finance application. Many consumers consider residual financing an attractive option, as the lump sum payment at the end of the loan’s term results in lower monthly payments for the duration of the loan. Autorefin (AVF) will guide you through every step of the loan application process, making sure that the lump sum payment fits your budget, and your monthly payments are affordable. Consider residual financing if you’d like a smaller monthly payment, and can afford a lump sum payment at the end of the loan, you can also refinance the balloon payment at the end of the term with Autorefin (AVF) in the event that you do not have the immediate cash to settle the balloon / residual amount.

Residual finance explained

Residual financing is a loan arrangement that features a lump sum payment at the end of the loan. It’s like making a down payment later, instead of at the beginning of your agreement. This often results in lower monthly payments for the buyer, and is an attractive option for many consumers.  Contact Autorefin (AVF) and inquire about whether or not a residual financed loan is right for you. We’ll help you with the application process, and make sure you get the vehicle you want at a price you can afford.

PLEASE NOTE THE FOLLOWING CREDIT CRITERIA TO QUALIFY :
1.) Clear and Healthy credit record (No defaults or judgments)
2.) Valid South African Driver’s License Card
3.) Valid bar-coded South African Identity Document or Identity Card
4.) No vehicles under 2004 year models.
5.) No code 3, stolen recovered or accident damaged vehicles.
6.) Only vehicles registered in S.A
7.) Minimum monthly income R 8 500.00

 

 

 

 

 

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