① BLACKLISTED? NO PROBLEM

② UNDER DEBT REVIEW? NO PROBLEM

③ LOW CREDIT SCORE? NO PROBLEM

④ SELF EMPLOYED? NO PROBLEM

⑤ EX-PAT RELOCATION? NO PROBLEM

⑥ VISITING 3 OR MORE MONTHS? NO PROBLEM

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NEW - CAR LEASE 3-24 MONTH OPTIONS

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What's included?

① Full Car Bumper to Bumper Maintenance or Car Replacement

② Full Comprehensive Insurance

③ Tracking location service

④ VAT CAR Registration Renewal

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What are the car subscription advantages?

① Perfect for Expats who need to drive a new to newer vehicle now

② Long-term or short-term Lease Options

③ No penalties for early termination of your contract 

④ You're not required to have a South Africa bank account, debit card nor credit card

⑤ Competitive affordable lease rates 

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What are the credit and income requirements? 

① No credit needed / No credit check

② Minimum monthly income of R15,000.00

③ Full array of new 2023, 2022, 2021 to newer vehicles in stock for you to select and choose from

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What documentation is required? 

① Valid SA drivers license OR Foreign Passport and Valid International Drive License from your Passport Country

② Valid bar-coded SA identity document or smart ID card (front and back)

③ Proof of current residential address – no older than 3 months

④ Latest payslips

⑤ Latest bank statement

(Bank branch provided statements with certified bank stamp).

If the applicant is self-employed, 6 months bank statements are required

 

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NEW - LEASE TO OWN OPTIONS

 

What's included?

① Full Car Bumper to Bumper Maintenance or Car Replacement

② Full Comprehensive Insurance

③ Tracking location service

④ VAT CAR Registration Renewal

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What are the car subscription advantages?

① Perfect for Expats who need to drive a new to newer vehicle now

② Long-term or short-term Lease Options

③ No penalties for early termination of your contract 

④ You're not required to have a South Africa bank account, debit card nor credit card

⑤ Competitive affordable lease rates 

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What are the credit and income requirements? 

① No credit needed / No credit check

② Minimum monthly income of R15,000.00

③ Full array of new 2023, 2022, 2021 to newer vehicles in stock for you to select and choose from

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What documentation is required? 

① Valid SA drivers license OR Foreign Passport and Valid International Drive License from your Passport Country

② Valid bar-coded SA identity document or smart ID card (front and back)

③ Proof of current residential address – no older than 3 months

④ Latest payslips

⑤ Latest bank statement

(Bank branch provided statements with certified bank stamp).

If the applicant is self-employed, 6 months bank statements are required

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What's included?

WHY LEASE / RENT TO BUY?

Struggling to get bank Finance? Don’t want to take out a huge loan for your car or bakkie? Look no further. We offer an alternative to conventional vehicle finance.

 

With No Finance Cars, SA’s No.1 rent to buy solution, there’s no need to worry about finance approval with our easy approval criteria. No Finance Cars rental model is increasingly being see as an alternative to conventional vehicle finance. 

It is an attractive option for clients who have credit finance challenges as well as for clients who seek a more streamlined, straight forward alternative to conventional vehicle finance. 

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What are the car subscription advantages?

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① You have the flexibility to choose whether you want to keep the vehicle after 54 months or not.

② You can terminate the contract earlier, subject to Terms and conditions, giving you the option to drive the vehicle of your choice for a shorter period.

③ There is no middle-man, and no agent.

④ We have an unlimited supply of vehicles, and every vehicle on offer belongs to us.

⑤ Our monthly rentals are substantially lower than other rental options.

⑥ We provide a wide selection of late model, quality tested and checked pre-used vehicles.

⑦ Unlike any other program, No Finance Cars has fixed repayments over the term.

⑧ Unlike any other program our contracts have no mileage limitations.

⑨ No Finance Cars empowerment initiative has been designed to put you, in the drivers seat.

You have the option to upgrade or downgrade your vehicle any time every 18 months.

Rentals are paid in arrears so you don't have to pay large upfront fees. Just our required deposit.

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TRADITIONAL FINANCING OPTIONS

 

What are the credit and vehicle requirements? 

① Clear and healthy credit record (no defaults or judgements) – TransUnion credit score of 700+;

② Vehicles 10 years and younger

③ No code 3, stolen recovered or accident damaged vehicles

④ Only vehicles registered in SA

⑤ Minimum monthly income of R8500.00

 

What documentation is required? 

① Valid SA drivers licence

② Valid bar-coded SA identity document or smart ID card (front and back)

③ Proof of current residential address – no older than 3 months

④ Latest 3 months payslips

⑤ Latest 3 months bank statements

(Bank branch provided statements with certified bank stamp).

If the applicant is self-employed, 6 months bank statements are required

⑥ If the vehicle is currently financed, a vehicle finance settlement letter is required - this is different to the statement – the client contacts the finance house and requests a settlement letter.

Should you receive a request for a business application, this will be dealt with on a case-to-case basis, as the supporting documentation requirements can vary according to the business’ requirements.

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APPLY NOW

If you're are currently working with one of our highly experienced Loan Consultants, please have them review and submit your application.

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What is LoanGIANT Auto? In summary, the LoanGIANT Auto Finance value add can assist with the following requirements for the purchase of a new home:

⭐ Helping to lower vehicle instalments, improving the overall affordability of the applicant;

⭐ Allow access to cash for deposits, moving home and/or transfer costs.

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LoanGIANT Auto Finance:

⭐ Assist in the re-structure of the client’s vehicle finance, to create affordability for the clients home loan application;

⭐ Can assist in the possibility of accessing funds on paid off vehicles to pay for transfer fees, conveyancing fees and deposits. Home buyers can be referred to LoanGIANT Auto Finance whether they are applying for a home loan or not. What are the credit requirements for LoanGIANT Auto Finance?

⭐ Clear and healthy credit record (no defaults or judgements) – TransUnion credit score of 700+;

⭐ Vehicles 10 years and younger

⭐ No code 3, stolen recovered or accident damaged vehicles

⭐ Only vehicles registered in SA

⭐ Minimum monthly income of R8500.00

 

Lets talk Affordability

⭐ R1 000 saving/ improvement = R100 000 buying Power

⭐ See the prequalification process as an opportunity

Example: Client qualifies, instalment to income ratio, however Net income after expenses there's a shortfall Bought for R400 000 and paying R7 000 per month

Owes now R125 000 still paying R7 000 per month

We refinance at R125 000 and now reduce to R2 000

SAVE R5000/month

 

Lets talk Cash:

⭐ Addressing shortfalls on bank offers

⭐ Accessing equity for transfer fees

⭐ **Post Sale - Renovations:

 

Client needs R100 000 cash to make the deal happen

Bought for R400 000 and paying R7 000 per month

Owes now R125 000 but still paying R7 000 per month

Car worth R225 000 Difference R100 000

We refinance at R225 000 new instalment of R3 500 CASH OUT R100 000 +

SAVE R3 500

 

LoanGIANT Auto Finance can help you improve your affordability and qualify for a bigger bond in one of two ways:

Reduce Monthly Instalments

Reduce monthly vehicle instalments by securing a better loan rate on existing car finance. 

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Gain Access To Cash

Refinance a car (or any other vehicle) to gain access to CASH for transfer fees or moving costs. 

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VEHICLE REFINANCE

How It Works

There are a few ways that refinancing a vehicle can assist you to save on your monthly instalments or access a cash lump sum.

LOWER INSTALMENTS - OPTION 1

Refinance your vehicle to lower the monthly instalment

When your vehicle is on finance, you will be liable to pay an instalment every month.  This instalment usually remains the same until the term is complete.

> EXAMPLE

Vehicle Loan: R400,000

Loan Term: 72 Months

Monthly Repayments: R7,000 pm

Settlement Amount: R125,000

LoanGIANT Auto Finance arranges to refinance the vehicle for R125,000, which reduces the repayment value to R2,000 monthly.  The client now has an additional R 5,000 a month available and will be able to afford repayments on a higher bond value.

*The above example is given for illustrative purposes. Each case will have unique Ts & Cs.

 

ACCESS CASH-OPTION 2

Refinance your vehicle to access cash on a vehicle that is still on finance

The calculation of how much cash could be accessible by refinancing your vehicle is dependent on all or some of the following factors: 

⭐The length of time the vehicle been on finance 

⭐Whether a deposit was paid 

⭐Whether there was a trade in with purchase

If the retail value of the vehicle is more than the settlement amount, the cash out will be the difference between them. It is also possible that your instalment may decrease.

> EXAMPLE

Vehicle Loan: R400,000

Loan Term: 72 Months

Monthly Repayments: R7,000 pm

Settlement Amount: R125,000

Retail Value: R225,000

LoanGIANT Auto arranges to refinance the vehicle for retail value of R225,000. The instalment will be reduced to R3,500 pm and there will be a cash out payment of R100,000 to pay for other new home expenses like legal fees, moving costs or renovations.

*The above example is given for illustrative purposes. Each case will have unique Ts & Cs.

 

REFINCE FOR CASH-OPTION 3

Refinance your paid up vehicle to access cash

 

PRIVATE TO PRIVATE FINANCE-OPTION 3

Refinance your paid up vehicle to access cash

HOME > REAL ESTATE INDUSTRY

 

28% More Home Loan Deals Approved!

LoanGIANT Auto Finance helps your clients improve their affordability and qualify for a bigger bond – by refinancing their vehicles.

 

Increase Affordability

Consider refinancing of a client’s vehicle as an option to increase their affordability score

 

Reduce Instalments

Help clients afford their dream home by reducing their monthly vehicle instalments or securing cash for additional costs

 

Secure More Deals

Secure deals which are at risk of failing because of low bank offers

 

VEHICLE REFINANCE

Eliminating barriers to securing a successful home loan

LoanGIANT Auto Finance can help your clients improve their affordability and qualify for a bigger bond in one of two ways:

Reduce Monthly Instalments

Reduce monthly vehicle instalments by securing a better loan rate on existing car finance. 

 

Gain Access To Cash

Refinance a car (or any other vehicle) to gain access to CASH for transfer fees or moving costs.

Affordability and low offers from the bank are two of the main barriers to securing a successful home loan. In these cases, two or three thousand Rand can make or break a home loan deal!  Often, clients have cash tied up in a car – either with high monthly instalments, or as capital in a partially or fully-paid up vehicle.

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You may not know that it is possible to refinance a vehicle which is fully paid up. LoanGIANT Auto Finance can arrange to refinance your vehicle for the full retail amount which you can allocate to those new home expenses like legal fees, moving costs or renovations. 

The minimum amount that you can refinance is R35 000.

You may not know that it is possible to refinance a vehicle which is fully paid up. LoanGIANT Auto Finance can arrange to refinance your vehicle for the full retail amount which you can allocate to those new home expenses like legal fees, moving costs or renovations. 

The minimum amount that you can refinance is R35 000.

 

Buying an auto, car, truck, bakkie or service vehicle can be challenging. After all, there are so many steps, tasks, and requirements, and you may be anxious about making an expensive mistake. But car buyers actually enjoy some special advantages created to encourage new entrants into the vehicle market.

To demystify the process so you get the most out of your purchase, here is a rundown of what you need to consider before you buy and what you can expect from the buying process itself, plus tips to make life easier after you buy your vehicle.

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KEY TAKEAWAYS:​

• Before you begin looking, consider the type of vehicle that will serve your needs, what you can afford, how much financing you can secure, and who will help you conduct your search.

• Buying a vehicle involves finding the vehicle, securing financing, making an offer, getting a vehicle inspection, and closing on the vehicle deal.

• Once you’ve drove off the dealership lot, it’s important to maintain your vehicle and keep maintenance records for resale in the future.

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VEHICLE TITLE CONVEYANCE:

Purchasing is when a vehicle title is conveyed usually with a purchase sales agreement to a new buyer-you and your new installment loan. The title company typically then pays off a current seller finance or previous seller financed loan and replacing it with the recording of your new loan. Leasing companies may have a clause in their leasing contract for you to purchase their vehicle after your lease expires. If you decide to purchase the vehicle you've been leasing, you have to treat the purchase like you would a used car from a seller. Cash for title buyers may find better terms and lower monthly rates with a new vehicle installment loan and paying off their existing seller note of their existing loan; to convert to another type of fixed rate financing, or to consolidate their debts. There are several factors to consider when purchasing or replacing seller financing with new financing. If you are looking to start the purchase the process call us now or connect with one of our LoanGIANT Loan Consultants.