Carfin vehicle finance – South Africa has a sophisticated and yet powerful economy. The growth of this economy has been anchored around the active participation of both the public and private sector. Part of this complex economic picture are the numerous banking and financial institutions which are all part of the process which facilitates the flow of financial resources. With a growing population and a growing demand for mobility, one institution has stepped in to provide the much-needed vehicle finance solutions.
Carfin has established itself as South Africa’s reliable vehicle financing house. Carfin has tailored two flexible car financing options which includes the standard hire purchase agreement and the residual purchase agreement. The residual purchase option is the one which stipulates that when a vehicle is purchased but a percentage of the loan has to be repaid at the end of the loan term in form of a balloon payment.
The Carfin credit is offered in both fixed and linked interest rates with fixed implying that the quoted rate will remain the same for the duration of the loan term while linked interest rate will mean that as the prime interest goes up or down the rate will do the same too. Carfin in most circumstances does not demand deposit but no car model older than 10 years can be financed.
Carfin can be contacted by filling in a quick online application or by simply calling 0861227346 and trained consultants will be on hand to answer queries and provide relevant information.