While there are various types of vehicle financing options to choose from at Auto Refin, we like to ensure that you are making the right financial decision for you and will advise you accordingly on each option that we present to the market. Below are the top reasons why we advise many of our clients to take over car payments when looking to upgrade on their mode of transport:

• At the very top of the list is the opportunity to save money. Buying a second hand vehicle does not mean that you are compromising on quality or value for money and the fact that a large portion of the loan might already be paid off means that you are already saving, long term. You will only be taking on a loan amount for the balance of the current owners contract which means you can expect the monthly instalments to be slightly reduced, freeing up some cash flow!
• When it comes to having complete peace of mind, taking over payments certainly provides. Any vehicle still owned by the bank should be religiously serviced and maintained and any accidents that it has been involved in will be recorded and documented, which means there is no way that you will be blind sighted.
• Quicker and simpler loan approvals are fairly standard with this type of purchase as you are requesting financial aid for a lesser amount than if you were trying to purchase the same make and model of vehicle brand new. You may find that if you apply for the full cost of the vehicle that you will not be approved, not because of your credit rating, but because of the affordability calculations that need to be done. When taking over payments you are only taking on the balance of the contract which means the loan amount is less, making it easier to be approved for the loan in the first place.
• No deposit! A deposit has already been paid on this type of vehicle so the loan amount that you take out will cover the outstanding. When taking over payments, there is no need to fork out a lump sum which is quite financially beneficial to those who don’t have a lot of cash to outlay or who don’t want their current cash flow situation to be negatively affected.

Anyone who is looking to cut back on costs and get the best possible deal on their new vehicle finance options should seriously consider taking over the payments from another vehicle owner. This way you will be able to purchase a vehicle that would otherwise be out of budget and therefore not an option for you.

As with any vehicle finance applications documents will be required. We will need you to send us a copy of your identity document (green bar coded), 3 months bank statements, latest payslip, copy of your valid driver’s licence (must be South African) and proof of residential address. We also usually require a letter from your insurance company to say that you have insurance cover in place. We offer a quick turnaround time on applications and treat each application with discretion.

If you would like to find out how to take over car payments and want to cut back on monthly expenses and the hassle involved in trying to be approved for a hefty vehicle loan, then we at Auto Refin will handle all of the paperwork involved and make the process simple and painless for you. Call us today and see how we can help you to save!

Buying a new car should be an exciting time, but too often we find ourselves caught up in the stress of the financial aspects of the process. Motor financing is not something that should be decided on the spur of the moment, but rather you should take the time to work out your budget and how much you can afford before you even start shopping for a vehicle.

At Auto Refin our focus is on providing our clients with a complete motor financing solution. We offer a variety of vehicle financing options designed to meet with a variety of needs, as we know that each individual will have different requirements. Below are some options that might be just what you need:

• Finance for new cars – we will guide you through the finance application process and ensure that you end up with the best possible interest rate available. All paper work will be handled by our competent team, including licensing and registration of the new vehicle. We keep all copies of your application on file for safe keeping and you can contact us at any stage should you lose a required document or need backup copies provided.
• Finance for used cars – there are many factors that come into play when you choose to purchase a pre-owned vehicle and these factors are important to your financial provider as well. First and foremost, the service history of the vehicle needs to be verified. If it has been involved in any accidents it needs to be declared and the total mileage of the vehicle needs to be recorded. We will ensure that you are made aware of absolutely every detail that is required on the vehicle and will ensure that the paper work and application is handled professionally for you.
• Private to private car finance – buying a vehicle from a private seller can often save you a great deal as there is no commission attached and the price asked is generally more realistic. Now you don’t have to miss out on a good deal and affordable car as we can assist you to obtain finance for a private purchase from a private seller. We will advise you on all the checks that need to be done and will ensure that all the application paper work is handled for you.
• Finance for residual amounts – purchasing a vehicle with a residual payment at the end of your loan contract is a great way to keep your monthly repayments down. If you would like to ensure that you have low monthly instalments on your loan then we can assist with obtaining finance for your residual amount. We will handle all the application paper work and ensure that at the end of your contract, you are provided with the assistance that you require.
• Refinancing – this is a great way to free up some of your monthly cash flow. When the existing vehicle finance contract is refinanced, the amount is then paid off over a slightly longer period of time, which brings down the expected monthly payment amounts. This is ideal for those who find that they are struggling to afford their payment each month.

At Auto Refin motor financing is our focus. We are dedicated to presenting our clients with the best possible rates, with their best interests in mind. When applying for finance with us remember that we will require a valid copy of your identity document, 3 months bank statements, proof of residential address, letter of confirmation from your insurance company, your most recent payslip, and a valid copy of your South African driver’s licence.

Let Auto Refin make your car financing endeavours simple for you!

Car financing does not need to be a complicated or confusing process. If you are aware of the options available to you and the implications of certain types of loans, then you should be able to make an educated decision that will benefit you financially both long term and immediately.

At Auto Refin we have more than just a few potential packages to offer you. We have car financing solutions for you to choose from and these are solutions that will be simple to set in place. We offer the following vehicle finance options to the market:

• New car finance – apply for finance for a new car can include quite a bit of paper work. At Auto Refin we will handle all of the paperwork on your behalf. When you apply for finance online through us we will find you the best possible deal with the best interest rates attached. What’s more is that once we have collected the required documents from you and pieced your application together, all correspondence and records are stored. You are welcome to access these at any stage in the future should you need copies or have lost a document along the way.

• Pre-owned vehicle finance – our team will ensure that the process is as simple as possible for both the buyer and the seller. Obtaining finance for pre-owned vehicles can be a bit more difficult than for brand new vehicles. We will assist with all the paperwork and ensure that you have completed all of the steps involved. The vehicle will need to be checked and approved roadworthy as well as appraised before finance can be considered. We can also help with the registration of your new vehicle and present you with a variety of insurance options to consider.

• Residual car finance – when purchasing a new vehicle you might have taken out a loan that offers a fixed monthly payment with one lump sum or balloon payment at the end. In many cases this amount is not affordable to the vehicle owner and so the option to refinance the outstanding amount exists. Financing the residual amount will ensure that your monthly car payments are greatly reduced and that your cash flow is freed up while you settle the final amount of your vehicle loan. All paper work will be professionally handled for you.

• Refinance – if you love your car, but find the monthly instalments to be a bit much, then it’s time to refinance. By refinancing the balance of your loan you will be freeing up your cash flow. There are options for you to choose from when doing this. You can elect to have a lesser monthly instalment for the following months, or you can choose to keep the instalment amount the same, but pay the vehicle off in a shorter space of time. Either way, you win.

At Auto Refin we also offer other financing options that you might find beneficial to you. We encourage you to take some time to chat to one of our friendly consultants about your needs and requirements. With our advice and guidance you should be able to choose an option that best suits your situation and your budget.

What do you need in order to apply for financial assistance with Auto Refin? The following documentation is required when you process your online application:

• A copy of your green bar-coded identity document.
• 3 months bank statements.
• Proof of your residential address with a utilities bill.
• Copy of your latest detailed pay slip.

At Auto Refin we are focused on providing our clients with access to the best deals and financial assistance available on the market. We have been operating for many years and have a reliable and professional team to help you every step of the way. If you need help with understanding and gaining access to car financing options that are available to you, turn to us at Auto Refin – don’t delay!

Auto Refin is a company that offers an innovative approach to vehicle and asset finance. Our focus is on ensuring that our clients are presented with affordable financing options and that they are able to afford their monthly instalments with relative ease.

If you find that your monthly vehicle instalment is too high and you want to save on these costs, refinancing your vehicle is the answer. This type of motor finance can ensure that your original loan period is extended which lessens the total you need to pay over each month. This monthly saving allows you to free up some cash flow each month which can be used to pay other expenses or can be saved for when it is needed most – the choice is yours. With this type of finance agreement restructuring, you can also elect to keep your monthly instalments the same and pay off the outstanding total over a shorter period of time; the option you choose will depend on your financial and budgeting goals.

How do you go about refinancing your vehicle?

The process is quite simple. With the help of Auto Refin you can expect for the refinancing process to be quick, simple and absolutely painless. You will need to apply for the finance by completing our online application form on our website.

The following must be sent to us along with your supporting documentation:

• A copy of your identity document – this must be the green bar coded document / book.
• 3 months bank statements.
• A copy of your latest payslip detailing your income and deductions.
• A valid copy of your driver’s licence.
• Proof of your residential address (this can be in the form of a telephone bill or water and lights bill).
• Letter of confirmation from your insurance provider.

Once we have received all of your paperwork you can expect for us to let you know as soon as possible whether your finance has been approved or not. It is essential that you take the time to budget before taking on any new loans or financial assistance. Loans are only granted to individuals with a clear credit record and who will be able to make the monthly payments without crippling their budgets. We are professionals in the industry and want to help you to better afford your expenses and will advise you accordingly while assisting you with your application.

When dealing with us you can expect a prompt service, attention to detail and for our consultants to be both friendly and approachable. Our rates are competitive which is made possible by keeping our interest rates low and by seeking out the best possible packages and deals for our clients.

There are a number of factors that also come into play when clients are looking to refinance their vehicle. How you have handled your existing financial agreement will be considered and if you are blacklisted or under debt counselling you can expect for your application to be denied. We are required to carry out a credit check against each applicant.

Applying for motor finance or refinancing is not something that you should do on the spur of the moment. If you require advice and guidance, take the time to chat to one of our consultants. With our assistance you can rest assured that you are acquiring the best possible finance options on the market and that soon you will be financially free and enjoying a better cash flow again. Learn more about our packages and services via our website or by chatting to a team member without any further delay.

If you are looking into the reasons why this sort of financing option is considered viable then consider the following:

• Cut back on costs – this is of course one of the main reasons why people opt to take over vehicle instalments as you will be taking over the remaining balance on their contract and not the full amount of the vehicle cost. The loan that was originally taken out is refinanced and as a result you will be paying a lower monthly premium which is great if you are looking to free up some of your cash flow.
• Faster and simpler approval on loans – you might have a good rating and record when it comes to credit, but sometimes this does not mean that you can loan absolutely any amount that you like. There will be a limit to the loan amount that you are approved for and when taking over someone else’s payments you will only be requesting finance for the balance of their loan. This means that you can apply for a loan amount that is reduced.
• Complete peace of mind – vehicles that being paid off are still the property of the financial institution that funded the purchase. This generally means that the vehicle is being serviced, maintained and so on. Also any accidents it is involved in should be recorded and made available to you along with its full service history.
• No deposit – one of the perks to this type of loan is that there will often be no request for a deposit on the vehicle you are looking to buy. The deposit amount has already been paid by the current owner and you can expect to be able to pay your vehicle off in a shorter space of time.
• Free up some cash flow – if you want to ensure that you have enough cash flow each month then don’t take on a car or package that will exhaust your budget. Taking over the payments of another vehicle owner will mean that your repayments are less than you would pay if you were buying new.

It is our pleasure at Auto Refin to assist you with obtaining a new vehicle and the finance to make the process possible. All of our team members have experience when it comes to finances and as a result we are able to structure the best deals and packages and present them to you. We have a string of loyal and happy customers who are proof of our hard work, dedication and service excellence.

If you need this type of assistance then a few things are going to be required from your side. You will need to gather the following for us:

• A copy of your green bar-coded identity document.
• 3 months bank statements.
• Your latest pay slip.
• A letter from your insurance company stating that they have a package in place for you.

It is important that you realise that we are obliged to carry credit checks out on your name. If you aren’t sure what your credit rating is like, have a chat to one of our consultants who can advise you further. Our consultants are all willing and able to provide financial guidance to those who want a future that is financially secure and free.

At Auto Refin we are available to assist you with the vehicle finance avenue of your choice. While we recommend you take over car payments to save on costs, there are also a variety of other financial options for you to consider. Take the time to investigate your options with us and chat to one of our friendly consultants about your finance application, and what to expect without any further delay.

Purchasing a new or pre-owned vehicle can be a tough endeavour. While it is important to drive a vehicle that is safe and roadworthy, it is sometimes just not affordable to get the car that you want. If you are looking into your options when it comes to purchasing a second hand vehicle then perhaps you would be interested in saving on the costs involved in car finance? How can you do this? If you take over car payments from another person, you can have the car that you really want and not have to deal with the full amount of the finance. How does this work? Auto Refin will help you!

Taking over the payments from another vehicle owner means that you will need to simply apply for a loan to cover the remaining amount of their finance agreement. This means that instead of the full cost of the vehicle being owed by you, you will only be liable for the remaining outstanding payments. This will result in lower monthly premiums and more cash flow available for you to use each month. When purchasing a vehicle it is important to ensure that taking on the added expense will not cause a problem with your existing monthly cash flow. Budget and plan wisely before deciding on how much you are realistically able to spend.

At Auto Refin we can provide you with the finance to take over the financial contract of another person. You will need to chat to one of our consultants and ensure that you have everything ready for us when you make the application.

To apply for finance you will need to complete our online application form and provide us with following:

• A copy of your identity document. Please make sure this is your green bar-coded ID book.
• A copy of your driver’s license. Please ensure that this is valid.
• 3 months bank statements and your latest payslip.
• Proof of address. You can use a utilities bill for this.
• A letter from your insurance company stating or proposing cover.

Before making your application for finance you should spend some time shopping around to find the vehicle that would be the best option for you. Our duty at Auto Refin is to simplify the process involved for both the seller and the buyer. We can even assist you with registering your vehicle and gaining access to good insurance packages.

If you take over the payments from someone else you will need to keep in mind that the vehicle is pre-owned, which means that there are a few things you will need to look out for. Remember to ask about the service history of the vehicle which can be confirmed in the service log book. Also check to see what the mileage is and ask whether it has been involved in an accident before or not. This is quite important as an accident can have a damaging effect on a car that you simply cannot see by just looking at it from the outside.

When we assist you with the purchase and financing of your new car we will ensure that the vehicle is in good order and that you are making a sound investment. We will fully advise you on the financial implications of the contract you are taking over and will ensure that you are presented with competitive rates to consider with the lowest possible interest rates attached. We understand that you will be excited and dreaming of driving away in your new car and will ensure that all the paper work and admin is professionally handled and that you are advised on what is needed from you at all times.

If you take the time to look into the various that form part of our core business, you will find that we can also assist you with refinancing, bike finance, caravan finance, boat finance and even trailer finance. Simply let us know what your needs and requirements are and we will advise you on how to go forward.  When it comes to reducing the costs of car finance, the option to take over car payments is a great way to start. Apply via our website or chat to a consultant at Auto Refin today.

The following are five reasons why you should consider taking over car payments from another vehicle owner when seeking out the best financial option for you:

Save money – this is a major reason for taking over another individual’s vehicle instalments. If you think about it logically, when you take over someone’s payments you are taking on a loan amount for the remaining balance on the vehicle – not the full cost of the car. This means that the amount loaned is automatically refinanced in your name and you can expect lower monthly premiums as a result.

Easier loan approval -in some cases an individual might have a great credit record and rating, but the amount that they can loan from a financial institution is not sufficient to get the type of vehicle that they are looking for. By taking over the instalments of another vehicle owner you can obtain the vehicle that you most want and be approved for the loan take over as the amount being covered is not the full vehicle value, but the balance of what is outstanding on it.

Peace of mind – a vehicle that is still being paid off is owned by the bank. There will be an official record of any services, maintenance, accidents and so on that the vehicle has been involved in. This means that when taking over the payments, you will be completely advised and informed of the vehicles history.

Avoid a deposit / down payment – when applying to take over another person’s car payments you will not need to put down the initial deposit amount that is often associated with new vehicle finance packages. This of course will save you a great deal in the long run as the deposit amount is already paid and the repayments are made over a shorter period of time. Quite simply put – you win.

Improve your cash flow – by taking on the repayments from someone else you will be ensuring that you pay less than expected for the vehicle which in turn will reduce your monthly expenses and free up some of your cash. Remember to have a professional company such as ours find you the best package and interest rates available.

At Auto Refin we take great pride in assisting our clients to take over vehicles from private sellers with professionalism. Our team is well versed in the financial world and our dedication to ensuring that your finances are taken care of and the best deals are presented to you is evident in each and every happy customer. When seeking out financial aid from us we will require a few things to get the ball rolling. For starters we will need to have a copy of your identity document, your latest pay slip and 3 months bank statements. We are obliged to carry out credit checks against your name and for this reason you will need to have a good credit rating and record.

We also have a useful finance calculator on our website that will help you to calculate your monthly instalments and better budget when you are planning on taking on a new vehicle. At Auto Refin we believe in making the online experience as convenient and hassle free as possible for you. You can leave your details in our quick contact form and one of our friendly consultants will get back to you with more information on the services and packages that you are looking for. If you are interested in learning more about how to take over car payments from someone else, then turn to us at Auto Refin and we will assist you to the best of our ability.

Not many people are aware that this is in fact an option to them. Once you have purchased the vehicle of your dreams and the repayments become simply too expensive over time, the first option that will naturally come to mind is to sell the vehicle and invest in one that is cheaper. This does not have to be the case if you are assisted by a professional team such as ours.

Now, with the help of Auto Refin, you can refinance your vehicle which will have some great advantages on offer for you. The biggest advantage of refinancing your vehicle is that you are financing the balance of your existing loan. This means that your monthly instalments will be reduced and while your repayment period is slightly increased. We can negotiate great interest rates for our clients too.

When applying for a loan of this type with us at Auto Refin there are a few requirements that we have as follows:

• The applicant must be permanently employed and reside within the borders of South Africa.
• A good credit record and rating must be encountered when credit checks are carried out against your name.
• Copies available of your identity document and latest pay slip must be made available.
• 3 months bank statements that show your salary amount being paid in is usually required too.

Of course refinancing your car is not just for those who want to reduce their monthly vehicle instalments. It is also a solution to those who have taken on a residual amount or balloon amount when they initially purchased their car. When you refinance this lump sum your vehicle instalments will be much lower and you will be able to pay off the amount instead of having to trade your vehicle in or sell it.

With the right financing team on your side, financing a vehicle does not need to be a difficult or stressful task. When visiting our website we try to make the online experience as convenient and simple for you as we can. We include a finance calculator so that you can budget effectively and we also ensure that details on the services that we offer are made readily available. We encourage you to contact us and chat to one of our sales consultants if you want to ensure that you fully understand the car finance deals that we have on offer and so that you can feel completely comfortable too.

You can quite simply complete your application online via our website where you will need to complete a form with your personal details and submit your supporting documentation to us. We offer the convenience of a quick turnaround time on the outcomes of our applications which means that you know whether we can assist you financially or not without having to wait around for days for answers. All of our team members are professionals in the field and you can expect them to treat you with a friendly approach and the details of your account and application with discretion.

At Auto Refin we change the way car finance packages work for you and your budget. We will show you how to turn your current vehicle loan agreement around so that it now works in your favour. Forget about selling your much loved car in order to make ends meet each month. Now you can benefit from refinancing you vehicle and obtaining a professional service from those who are experienced in the financing field. Chat to a sales consultant at Auto Refin and see if you qualify for financial aid from us today.

Be careful of special offers such as zero interest or payments for one year. This is often just the way the contract is structured and you may end up paying higher instalments in order to pay the vehicle off in s a shorter space of time after the first “free” year. If you find a vehicle with this sort of offer attached, find out how your contract will differ if you start paying off the vehicle instalments from the start and with a fixed interest rate attached.
Watch out for extended warrantees. While these can sometimes be beneficial to you, you will need to choose very wisely in order for this to be the case. Some dealerships may encourage you to add this to your finance when in reality the general warranty should be more than enough until you trade in or replace your vehicle in the future.

Hidden fees should be watched out for. Some refinancing and general finance companies may sneak in an admin fee, application fee or similar when processing your loan application. Seek out a company that is able to offer competitive rates, a value added service and a transparent contract or agreement.

Your credit rating or score will directly affect your chances of a loan being granted to you and what the interest rate is set at. It is often wise to check out your credit rating before you start shopping, but with the assistance of a professional financial company, you should receive your credit rating report at a small fee. Obtaining vehicle finance if you are already blacklisted or under administration will not be possible.

The advertised price is not the bottom line. If you are financing a car you are going to want to get it at the lowest possible rate as you will still need to take into account the interest that you will be paying on your loan. Most dealerships will be negotiable on a price of the vehicle and the best way to ensure that you obtain access to that price is to speak directly to the decision maker at the dealership. Obtain quotes on similar vehicles from at least 4 different dealerships in order to back up your negotiations.

These are just 5 things that you should know about vehicle finance if you want to ensure that you get the very best deal possible. Of course there are many more things to look out for and we at Auto Refin will gladly guide you through the process to ensure that you are provided with a finance contract that is affordable and fair and that you are able to afford your monthly instalments with ease.

At Auto Refin you can easily apply for financial aid by applying via our website. When making your online application you will note that you will also need to supply us with supporting documentation such as a copy of your identity document, proof of address that is no more than 3 months old, a copy of your most recent pay slip, proof of any over time or extra income earned, a list of all of your monthly expenses or budget and any certificates that prove that you and your partner (if you are married) or married in community of property or not.

We hope that these 5 things that you should know about vehicle finance are helpful. For more tips, advice and guidance we encourage you to be in touch with us at Auto Refin. We will ensure that your every need and requirement is taken care of.

Monthly Installment = R2450-00