Compare the best loans of South Africa and find the lowest rate
The idea of having your own car sounds amazing and it may give you a sense of power and freedom. However, there are many important things that one needs to consider when asking for a loan to get a car. You have to be responsible and know that you have to pay for its maintenance. You have to take into consideration factors like deterioration, regular services, coats of paint, fuel prices, expenses and bills that come with having your own car. Let us not forget that you also have to pay for vehicle insurance. A car, though, allows for freedom and spontaneous road trips with friends and family and loved ones. This freedom you can reach at Capitec Bank with a vehicle loan.
Getting to know Capitec
Capitec begun its journey in 2001 by setting up a small financial company. As time went by, it became more and more popular and gained prestige and status in the loan market. With more than 826 offices, Capitec has made its way through South Africa.
How do vehicle loans work at Capitec?
They work the same way a personal loan works. The difference lies on the fact that you have to choose a dealership and a deal that works for you. If you need to search for certain values, you can calculate through the bank. However, you need to create an account in order to access the possible costs and estimated installments.
Which actions are possible at Capitec?
You will be able to save money, ask for insurance or credit (whatever you may need), transact, etc. You should always check the regulations made by Capitec so that you comply with them.
Is it difficult to apply for a loan at Capitec?
Definitely no! It is actually much easier than it looks. Call the company and tell them the kind of loan you need. If this is not the ideal situation for you, you can go directly to the company and ask for the loan of your preference.
Are there any testimonies of vehicle loans from Capitec?
There are many clients happy with the vehicle loans that Capitec provides. Here is a story that might interest you since it can help you have a different perspective of what a vehicle loan is like at Capitec. This is the story of a woman called Tshego, who decided to choose Capitec and got a loan there:
After a long time, she gave it a lot of thought and decided she wanted to get a car. She decided to finally say goodbye to public transport. She was at a stage in her life in which she really needed and wanted a car. Therefore, she spent some time shopping around and found exactly what she was looking for. She had some money saved but needed that little big extra to make her dream a reality. She applied for credit through Capitec and she was instantly approved. She was off on her way to the dealership and she got a discount on the purchase price as she was able to pay cash for the vehicle and to top it all off, she was able to apply for a job in a nearby town thanks to the car she acquired. She got her way into using wisely the credit given by Capitec.
This is only one story, but you should know that there are plenty of positive comments and anecdotes of clients that decided to trust Capitec as a dealership for vehicle loans.
Does Capitec give any advice on vehicle loans?
Capitec believes that before applying for a vehicle loan there are certain bits of information you should bear in mind, especially when you are in search of a suitable vehicle.
Capitec advises clients to deal with reputable dealerships that are actually registered with MIF. This is incredibly important since clients should have a company that they can rely on.
Before purchasing your vehicle, evaluate the possibilities that the market offers. Compare the different values and prices of the varied models and brands so that you reach a reasonable price
What should you consider? There are factors you can’t ignore, for instance, the mechanical condition of the car, the mileage, as well as the bodywork. Are there any oil leaks? Check these types of inconvenient that could pop up. You do not want to deal with a mechanical problem with a car you have just acquired.
Ask yourself important questions, such as: has this vehicle been involved in an accident? If so, check whether it needs any fixing. The reliability of the car could be affected over the term because of this.
Have you checked the service book? This may seem like a minor detail but it is just as important as the rest. You need to make sure that the car gets a service on a regular basis. It should be maintained in excellent conditions for you to keep its value in the market.
Have you checked its service history? Once again, be careful because otherwise you might have to deal with future maintenance.
Use calculators. Do not buy a car that you can’t actually afford. Check whether the costs involved are fair or not for your particular budget.
What does Capitec offer?
It mainly stands out because of offering simplicity in its financial deals, accessibility for every user, services that are totally personalized and affordability to make prices fair.
Is Capitec an offer for vehicle loans?
To conclude, Capitec offers vehicle loans that will enable you to get rid once and for all of the public transport and accomplish your own dreams. This car might be a step towards independence, freedom and liberty. All you have to do is study the possibilities and see whether Capitec can give you the right financial deal to obtain your car. As you can see, there are many testimonies of what vehicle loans are like at the company. Find yours, it is waiting for you.