New Vehicle Finance and Insurance Solutions

Here at F&I Solutions, we have a team that are willing to bend over backwards in order to provide you with the best possible packages for your new vehicle. Complete the online form below. Now all you need to do is sit back and wait for finance approval.

When exploring options for financing a new vehicle, there are several avenues to consider. Let's take a closer look at some of the common methods of financing:

Instalment Finance:

This method stands as the most prevalent choice for many buyers. With instalment finance, you gradually pay off the vehicle through monthly payments spread over a period of up to 72 months. Whether you choose to make a deposit or not is up to you. Monthly repayments are computed based on the vehicle's purchase price minus any initial deposit. It's important to note that the longer the repayment term, the higher the total interest paid. To minimise interest costs, aim to structure the loan with a substantial deposit and the shortest possible term. At the conclusion of the term, you attain full ownership of the car.

Instalment Finance with a Balloon Payment (Residual):

This financing option closely mirrors regular instalment finance, except for one key distinction—a portion of the purchase price is set aside as a balloon payment or residual. As a result, monthly repayments are calculated based on a reduced principal amount. However, it's imperative to exercise caution when determining the size of the balloon payment.

While this approach may lower monthly instalments, you won't achieve full ownership of the vehicle until the balloon payment is settled at the end of the term. If you find yourself short on cash to cover the balloon payment, one potential solution is to explore refinancing options with a bank to manage the remaining balance effectively.

Please ensure that you meet the following criteria:

• A healthy credit record
• A South African driver’s license
• A South African identity document
• South African registered vehicles only
• A minimum monthly income of R 8 500