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Vehicle Finance |
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If driving your dream car moves you, making sure
you achieve it, is our goal. Come to us for expert
advice on choosing and financing the car that suits
you as an individual.
After the purchase of a home, a car is probably the
second largest investment you will ever make. The
purchase can sometimes be very tedious, risky and
time consuming. You cannot afford to let your dream
become a nightmare. Do not worry; we have the
expertise, proficiency and passion to assist you
through the entire process.
Always remember, buying a new or pre-owned car
depends on your financial flexibility, so look at
the bigger picture and consider all costs that come
into the total ownership equation. Costs of owning
your dream car may include, but are not limited to
the following:
- Monthly premiums –there may be
periodic interest rate increases so you will need to
budget 2% more to allow for increased payments
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"expert advice on choosing and financing a
car" |
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- Service and maintenance costs
- Comprehensive Insurance
- Petrol costs
Also, buying a car should cater for your current and
future financial needs, and leave with you the
reassurance that it will be reliable, while at the
same time keeping up with your tastes.
Helpful Hints
Here are some helpful hints and tips on what to
consider when gearing up for your new wheels:
Review your entire budget. If budget is not an
issue, consider buying a new car, since you will
enjoy the benefit of a maintenance plan, so there
are no hidden service-histories. If you have a set
budget, then rather look in the market for a dealer
certified pre-owned vehicle.
Negotiate the best deal from your motor dealer, be
diligent and firm in your negotiations to secure the
best deal, and within your budget requirements. New
models that are set to hit the market aren’t as
easily negotiable since their market value is high
and their relative demand also high; but find out if
the dealer can offer demo models. If however, you
are looking at an older model then negotiate for a
price reduction.
Private sales can be risky. When you buy from an
individual there is seldom a full service and
maintenance history, and should something go wrong
with the car after you have paid for it, you may not
have any recourse. Most financial institutions do
not finance cars that have been bought privately,
because of the potential risks.
Any car under a finance agreement belongs to the
bank until the total outstanding amount is paid in
full. This means you do not have full ownership of
the vehicle and cannot sell it without the
permission of the bank.
Visit your nearest Nedbank Lesotho branch for more
information on simple and effective financing for
your dream car, or simply call us on +266 2231 2696.
Terms and conditions apply |
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