VEHICLE FINANCE

HOW TO APPLY FOR VEHICLE FINANCE?

If you have never applied for vehicle finance before then don’t worry, our friendly and professional team can help walk you through the process. You will need to make sure you have the following information to hand:

  • ID or Passport Number
  • Current Address (postal & residential)
  • Spouses details
  • Employment information
  • A person for reference who is not living with you
  • Bank details
  • Vehicle details

Once we have all this information then we will require the following documents:

  • The invoice and OTP of the vehicle you want to buy
  • Drivers Licence & copy
  • Details of your comprehensive insurance
  • Proof of salary
  • Utility bill less than three months old
  • ID document & copy

1.The vehicle will need to have been cleared by an authorised centre that it is road-worthy

2.We will need categorical proof that the vehicle is registered in the sellers name (e.g. settlement/paid up letter from financial institution or copy of invoice and bank statements with payments as well as vehicle registration documents)

PRIVATE DEAL FINANCE

If you are buying a vehicle privately and need to arrange finance then we can help through our private-to-private finance offering – Private Deal Finance. To apply for this finance there are some additional requirements:

  1. The vehicle will need to have been cleared by an authorised centre that it is road-worthy
  2. We will need categorical proof that the vehicle is registered in the sellers name (e.g. settlement/paid up letter from financial institution or copy of invoice and bank statements with payments as well as vehicle registration documents)

MINIMUM VEHICLE FINANCE REQUIREMENTS

When you buy a vehicle on finance the general minimum requirements are that you have a salary of R6000 p/m and a good credit record. However, if you have saved up a large deposit and only need a small amount of finance, exceptions can be made. Kent Motors applies for vehicle finance with all of the major finance houses. If you are a blacklisted person with a bad credit record then we may still be able to help you as we have several avenues to try and assist customers who are in the rehabilitation process. Nonetheless, we advise working on clearing your name with the ITC before trying to purchase a vehicle. There are many companies that can assist with clearing your name with the credit bureau.

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