Vehicle Finance
As one of the leaders in the motoring industry, our highly qualified and leading Finance & Insurance (F&I) Managers ensure that when you buy a vehicle from us, you buy a vehicle that fits your budget.
At Thorp Suzuki, we are so confident in the new and demo vehicles we offer, we provide you with a FREE Extended Warranty of 10 years / 1 000 000km when purchasing your vehicle from us. An extended vehicle warranty typically starts once the manufacturer’s warranty expires, but in some cases, the two protection plans overlap. Since your factory warranty will end at some point, we would like to ensure you enjoy many more kilometers of open roads.
Vehicle Finance Services We Offer
- Pre-approval finance for the vehicle of your choice.
- Settlement of your current vehicle.
- Application for finance to all major banks/financial houses.
- Quotes on comprehensive insurance options.
Finance Enquiry
Fill in and submit the finance application form below to take one step closer to your new car finance.
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Our Fleet Connection
As one of the most reputable and largest suppliers to most of the largest vehicle fleets in Southern Africa, we can confidently say that we have passenger and light commercial vehicles which can suit any business needs.
We make purchasing a fleet of vehicles so easy and convenient for you. No matter how big or small your fleet size, simply contact one of our Fleet Representatives and they will schedule an appointment to come out and see you.
Contact us today for a tailor-made deal for your business.
Finance FAQs
Looking for more questions about Finance. Feel free to contact us for all your financing questions or to help you apply
What are my vehicle financing options?
As one of the leaders in the motoring industry, our highly qualified and leading Finance & Insurance (F&I) Managers ensure that when you buy a vehicle from us, you buy a vehicle that fits your budget.
How does vehicle financing work?
Service your car without the costly surprises! We offer tailor made service plans to suite your specific needs with affordable monthly payments.
What is the minimum income for car finance?
The minimum income for car finance in South Africa varies depending on the lender. However, most lenders will require a minimum monthly income of R6,500. Some lenders may require a higher income, depending on the type of car you are financing and the amount of money you are borrowing.
In addition to meeting the minimum income requirement, you will also need to have a good credit score in order to qualify for car finance. A good credit score shows lenders that you are a responsible borrower and that you are likely to repay your loan on time.
If you do not meet the minimum income requirement or you have a poor credit score, you may still be able to qualify for car finance. However, you may need to pay a higher interest rate or you may need to put down a larger deposit.
However, come down to a Thorp Haval Dealership and let’s help you get the Haval or GWM of your dreams
What is the interest rate for car finance?
The interest rate for car finance in South Africa varies depending on the lender, the type of car you are financing, and your credit score. However, most lenders charge an interest rate of between 9% and 15%.
Some lenders may offer lower interest rates to borrowers with good credit scores or borrowers who are financing a new car. Other lenders may offer higher interest rates to borrowers with poor credit scores or borrowers who are financing a used car.
You can use a car finance calculator to estimate how much your monthly repayments will be, based on the interest rate and the amount of money you are borrowing.
What is the repayment period for car finance?
The repayment period for car finance in South Africa typically ranges from 12 to 72 months. However, some lenders may offer longer or shorter repayment terms, depending on your individual circumstances.
It is important to choose a repayment period that is affordable for you. A shorter repayment period will mean higher monthly repayments, but you will pay less interest overall. A longer repayment period will mean lower monthly repayments, but you will pay more interest overall.
What is the deposit required for car finance?
The deposit required for car finance in South Africa varies depending on the lender, the type of car you are financing, and your credit score. However, most lenders will require a deposit of between 10% and 20%.
Some lenders may require a higher deposit, depending on the type of car you are financing or if you have a poor credit score. Other lenders may offer lower deposit requirements for borrowers with good credit scores or borrowers who are financing a new car.
A larger deposit will reduce your monthly repayments and make you more attractive to lenders. It is also a good idea to have a larger deposit saved up so that you can afford to buy a more expensive car or buy a car with more features.
If you do not have enough money saved up for a deposit, you may be able to get a loan to finance your deposit. However, you should be aware that this will increase the overall cost of your car loan.
Visit Thorp Haval today and let us help you get the Haval of your dreams
What is the balloon payment for car finance?
A balloon payment is a large, lump-sum payment that is made at the end of a car finance term. It is typically equal to a percentage of the original purchase price of the car, and it can range from 20% to 50%.
Balloon payments are often used to make monthly repayments more affordable. However, it is important to remember that you will still need to pay the balloon payment at the end of the term. If you are unable to pay the balloon payment, you may need to refinance the loan or trade in your car.
How do I apply for vehicle finance?
Come visit us at one of our Haval Car Dealerships and we will help provide you with everything you need to apply for finance, or visit the vehicle finance page for more information
Disclaimer
All calculations made on calculators supplied on this site, together with rates quoted, are guidelines only and are subject to confirmation at the time of finalising any transactions. All information regarding the products, fees and/or costs which are included innand form a fundamental basis of the calculations are subject to change at any time prior to a final pre-agreement quote being handed to the User.
The User indemnifies the Thorp Motor Group against any loss or liability, which the User may suffer as a result of the use of any calculator. The site and all information provided on this site and the services provided on this site, are provided “as is”. The information provided on this site should not be treated as professional advice of any kind.
The User indemnifies the Thorp Motor Group against any loss or liability, which the User may suffer as a result of the use of any calculator. The site and all information provided on this site and the services provided on this site, are provided “as is”. The information provided on this site should not be treated as professional advice of any kind.
