ARE YOUR CAR REPAYMENTS COMPROMISING YOUR AFFORDABILITY?

Car refinancing is one of the best kept secrets around for saving you money, but most people never think of refinancing their car. When refinancing car loans, you pay off your current car loan with a refinancing car loan from a different lender that has a lower rate such as Carfin’s SSS refinancing loan.
This is good for you because refinancing car loans makes your monthly car loan payments lower, and your interest rate drops, which then allows you to pay off the balance of your car loan even quicker. Many car owners are realising you can save thousands of Rands by refinancing car loans .

SWITCH, SCORE AND SAVE WITH CARFIN

  • Lower current monthly re-payments by switching your loan to Carfin.
  • You could have an initial two month break from paying monthly installments
  • You may qualify for a lower interest rate than their current rate, therefore actually saving money on each monthly installment

Here are a few examples of how you could save every month:

R260 000 BMW
Purchased 36 Months ago

  • Rate: P+3%
  • Installment 36months ago R 5999
  • Current installment with increase of interest rates from 2006 R6699
  • Current settlement R96 000
  • New contract balance R 96000 + R 3 000 Carfin admin
  • New refinance installment at same Rate R2650

Saving of R 4049 Extra disposable income per month.

R120 000 Toyota
Purchased 36 months

  • Rate: P+3%
  • Installment 36 months ago: R2799
  • Current installment with increase of interest rates: R3199
  • Current settlement R45 000
  • New balance R 45000 + R 3000 Carfin admin
  • New refinance balance 60months R 1340

Saving of R1859 Extra disposable income per month

R80 000 Opel Corsa 36 months ago new

  • Rate: P+3%
  • Installment 36 months ago R1899
  • Current installment R2199
  • Settlement R 29000
  • New balance R 29000 + R3000 Carfin admin
  • New refinance balance 60months R 930p/m

Saving of R1269 Extra disposable cash.

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