Get some answers on the questions we get asked regularly:
It should be simple to secure finance if you have a good credit rating. It’s still possible if you have a poor credit history or if you have been refused loans in the past, but you’ll generally be offered less competitive deals. If you are in doubt about your credit history, or want to find out how to improve it, you can get a check from reference agencies such as Transunion. We have a reputable Company, Diaz Consulting and Lucid, who can assist in clearing your record should you need assistance. Please contact us.
Applicants are typically assessed on a case-by-case basis based on an assessment of their income. Because of this, it is possible for self-employed people to secure vehicle finance, provided they can provide sufficient evidence that they can repay the loan they are applying for. Typically, such evidence would be providing of three month continues income, such as salary advices and or 3 months bank statements.
Yes, both incomes may be submitted at the time of application, and both must meet the criteria to prove they are credit-worthy. The finance agreement will only be done in the one spouse’s name.
Typically, providing there are no extra questions from the Finance House, it takes more or less an hour to have a pre-approval and such approvals are usually valid for 7 days – so never feel pressured into accepting an offer until you have taken the time to sit down and carefully consider the full terms and conditions.
As there is a change in the Titleholder of the vehicle, yes, your vehicle will need to go for roadworthy. Speak to us as we can assist you in obtaining the roadworthy certificate.
Every client’s situation is unique and our fees are tailormade to suite your pocket and this is finance-able as a Service and delivery fee, approved with the finance houses. We will provide you with a full breakdown of what the cost will be.
Any other questions?
With 50+ years experience in the motor vehicle industry and 13 years experience in private finance and re-financing, we would love to help or just give advice… Free of charge!