P.O BOX 418, SANDTON, GAUTENG

HOW THE PROCESS WORKS

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Refinace Mycar

Refinancing your car loan will reduce your monthly payment,with the benefit of a lower interest rate too!

One way to come up with some extra cash is to refinance your car with Refinance My Car. We offer a variety of refinancing options

  • Extend the term of your current loan for the current outstanding balance (settlement) and reduce your instalments

  • Refinance your vehicle for its current market value over a longer term, receive the cash difference, and still pay a similar instalment.

If you qualify, you may also be able to
skip your current car payments for as long as 60 days,
giving you time to catch up on those expenses.

This is absolutely the cheapest and easiest way to get cash and consolidate your debt.

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WHAT ARE THE BENEFITS OF REFINANCING YOUR CURRENT VEHICLE CREDIT AGREEMENT?

In a nutshell, people choose refinancing as a way to save money. For example, if the existing car loan rate is extremely high, refinancing is a great way to acquire the best car loan
rate. If your credit has recently improved, refinancing is perfect. Moreover, if you choose to extend the terms, the new low-rate car loan will result in a noticeable savings

RESIDUAL VALUE

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HOW SOME OF OUR CLIENTS HAVE BENEFITED

  • REFINANCE & GET CASH OUT

    Brett purchased his is vehicle in 2011 with a monthly instalment of R6538.00 p/m. He now refinanced his vehicle to get cash-out. The current market value of Brett’s 2011 MERCEDES-BENZ C200 BE AVANTGARDE A/T is R 200 000 and the Settlement with his current bank is R 60 000. Brettt refinanced his vehicle for R 200 000 @ 12.00% interest rate over a 72 month period, settled his current bank and received R 140 000 cash-out Brett’s current instalment over 72 months @ 12.00% is R 4 200.39.

  • REFINANCE & ADD A RESIDUAL

    Steve purchased a 2015 VOLKSWAGEN POLO VIVO GP 1.6 in 2015 (Instalment = R 4134.00) with no balloon/RV value added to his finance. Steve refinanced his vehicle at the current settlement amount of R 180 000, interest rate @ 12.50% over 72 months and added a 25% balloon/RV value in order to pay a lower instalment. Steve’s new instalment is R 3 566.93. By refinancing his vehicle, Steve will now pay R 567.07 less per month.

  • STEPHEN RELEASED THE CASH IN HIS CAR.

    The retail of Stephen’s current vehicle a 2010 FORD FIGO 1.4 AMBIENTE which is paid-up is R 98 000 which will allows Stephen to refinance his vehicle in order to get the R 98 000 paid out in cash to him. Stephen has refinanced his paid-up vehicle at an interest rate of 13.00% over 72 months with a monthly instalment of R 2 255.69.

FREQUENTLY ASKED QUESTIONS

OUR SERVICES INCLUDE

REFINANCE MY CAR will take care of all the admin as well as the transfer
obligations when you choose to refinance your current vehicle.

Countrywide we come to you
info@refinancemycar.co.za

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