Vehicle Refinance
Looking to reduce your monthly vehicle instalments? Then vehicle refinance is the exact solution that you need. F&I Solutions will help you get a cheaper rate on your vehicle. Complete the online application form below.
Refinancing your vehicle can serve as a strategic financial maneuver for individuals seeking to optimise their car loan terms. Here are key insights into vehicle refinancing:
Lower Interest Rate:
Refinancing your existing car loan presents the opportunity to secure a reduced interest rate. Locking in a lower rate can substantially diminish your total interest payments throughout the loan's lifespan.
Decreased Monthly Payments:
Refinancing may result in decreased monthly installments. If you've encountered challenges with high payments, this adjustment could offer welcome relief to your budget.
Fixed Interest Rate:
Through refinancing, you can stabilise your interest rate for the entirety of the new loan. This stability proves advantageous, particularly when interest rates are favorable.
Payment Deferral:
In certain instances, you may qualify for a brief payment deferral, extending up to two months. This brief hiatus can assist in managing unforeseen financial hurdles.
Accelerated Debt Repayment:
The restructuring of your loan terms can facilitate a swifter balance payoff, accelerating your journey towards becoming debt-free.
Retain Your Preferred Vehicle:
Refinancing enables you to continue driving the same vehicle while potentially reducing your monthly expenses. There's no need to compromise on your preferred lifestyle or downgrade to a less desirable vehicle.
How to Get Started:
- Apply Online: Complete your finance application online to find out if you’re eligible for refinance.
- Insurance Premiums: Reassess your insurance premiums. Changes in driving patterns due to COVID-19 might allow you to benefit from better insurance rates.
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
