Be 18 years old or older; Be a permanently employed salaried individual, earning a minimum of R6 500 p/m; Have a valid South African driver's licence with no endorsements; Be a South African citizen or permanent resident; and Have a good credit history.

We have a few options for you on how to apply for Vehicle Finance Let's setup a time and one of our staff can give you a call to get the information we need to submit your application to the Banks. Whatsapp: We can ask you for the information via Whatsapp if you cant talk telephonically to us while at work. Fillable PDF: You can download our PDF application form You can fill in our Secure online application

A copy of the front and back of your valid South African identity card/document. A copy of the front and back of your South African driving licence. Proof of your residential address, not older than 3 months. Proof of your income, not older than 3 months. Your latest 3 months' stamped bank statements.

An early-settlement option is available. There is no penalty on small and intermediate agreements.

When the vehicle is paid up, you will receive documentation from your financing bank that needs to be taken to the licensing authority to complete the change of ownership (Contact the call centre to request your registration document)

Should your vehicle be for business use, please refer to the South African Revenue Service (SARS) for details on travel allowances, tax rebates and tax benefits

Any private person or juristic person can enter into an agreement without a deposit. However, it is within the banks discretion to request a deposit. Subject to credit risk; negotiable based on age of vehicle you might be required to have a deposit.

The balloon payment option offers the benefit of reduced monthly repayments, with a lump sum repayment (referred to as the balloon payment) at the end of the agreement period. The maximum balloon facility is 35% and is subject to the year, make and model of the vehicle and the finance period. Terms and conditions will apply. At the end of the agreement period, you have the following options: You can apply to refinance the balloon payment amount for a further period. You can sell the vehicle. You can pay the full balloon payment amount and take ownership of the vehicle. Terms and conditions will apply.

The banks are NOT able to quote a rate until an application has been submitted, as the rate is based on their risk assessment. The following is taken in account in quoting a rate: Previous track and credit record Type of asset requiring finance Deposit amount

When financing your vehicle, you have the option of having either a linked (variable) interest rate, or a fixed interest rate. A linked interest rate is linked to the prime lending rate, and therefore the monthly instalment could vary during the loan term. Having a fixed interest rate (usually higher than a linked interest rate) means that the monthly instalment remains unchanged for the duration of the agreement.

The linked-rate option provides you with the potential benefits of fluctuating interest rates. In the event that the interest rate increases during the agreement period, your interest rate and therefore your repayments will increase accordingly. The reverse applies if the interest rate decreases during the agreement period: then you will benefit from lower corresponding repayments.

The fixed-rate option provides you with peace of mind in terms of fluctuating interest rates. In the event that the interest rate increases during the agreement period, your repayments will not be affected and your interest rate will remain the same.

Minimum 12 months Maximum 96 months Terms and conditions will apply.

Although finance periods over 72 months are permitted by the NCA, some banks policy allows for a maximum of 72months on deals. The finance institution may consider a longer period in exceptional cases, subject to certain terms and conditions.

It is compulsory to keep your vehicle comprehensively insured against third-party claims, and against loss or damage, for the full period of the finance agreement. Should you not insure your vehicle, you will be in breach of your finance agreement and financial institution will have legal recourse.

Victory Auto's work with an insurance broker who we refer our clients to. Victory Auto's do not have control over quotation amount, final premium amount & excess amount. Disclosure will be done by insurance company and Victory Auto's will not be liable for any misunderstanding, loss of damage. Alternatively, you may option your own insurance.

The NCA came into effect on 1 June 2007 and requires all financial institutions and lenders to register as credit providers. Essentially, this act aims to protect South African consumers by regulating credit-granting practices.

By making your credit and/or loan applications transparent, fair and easy to understand, the NCA gives you the knowledge and power to manage your debt effectively and pay it back comfortably. Remember that you have both the rightand the responsibility to understand and question how your credit agreement is structured - what payments you will berequired to make, and what the terms and conditions involve.

Banks (for short-term loans, home loans, overdrafts, credit cards, vehicle finance, etc). Retailers (for furniture finance, clothing accounts, store cards, etc). Other credit providers (for microloans, pawn transactions, etc). For more information you can phone the National Credit Regulator (NCR) on 0860 627 627, send an email to info@ncr.org.za or go to www.ncr.org.za.