BIB Finance

Confidential, Secure Financing
BIB Finance

Private Car Finance to Suit Your Budget

Apply for Private Car Finance to Suit Your Budget

Finding car finance can be tough, but finding private car finance to suit your budget can be even tougher! Unfortunately, it is not very easy to get car finance these days and until recently, trying to get financed to purchase a car from a private seller was close to impossible.

2018-05-22

However, things have changed. Banks and lending institutions are realising the value of catering to the private-to-private market.

One of the biggest benefits of purchasing a car from a private seller is that the price of the vehicle will be reasonable and you will have more room to negotiate. Dealerships are not willing to negotiate on their prices and if they are, there is usually very little leeway. The owner of the vehicle is also the best person to deal with when purchasing second-hand. They have access to the car’s full service history, and you can talk about any problems with the car, or nicks on the paintwork, you need to be aware of.

At BIB Finance, we can help you get private car finance to suit your budget and needs. We understand that applying for a loan comes with many negative connotations attached, but with our help, your loan application can be handled quickly, easily, and without any of the red tape often associated with loans. What is great about using us is that you do not have to contact several banks and go over the same paperwork over and over again. You simply apply for a private loan with us once, and we will negotiate with the various banks.

We do not get our clients caught up in loan shark schemes. We work with all major and reputable banks, including Nedbank (MFC), Absa, Standard Bank, and WesBank. If you think that the only way to buy a car from a private seller, and avoid all the regular hassles of loan applications, is to turn to a loan shark, think again. With our assistance, the right finance deal is just around the corner. We will handle all of the legwork for you and ensure that your loan is affordable and sufficient.

What Sets BIB Finance Apart from the Rest?

There are many things that set us apart from other loan facilitators. We are dedicated to handling everything between the buyer and seller. BIB Finance can handle the entire deal from start to finish, which ensures that both parties are protected. There are bound to be questions from both sides regarding the transaction, which we will be more than happy to answer. You might be wondering what “handling everything” entails. Here is a brief overview of what we will do:

  • Liaise with all banks regarding your loan application and the interest rate.
  • Ensure that the details of your existing loan are looked in to and ensure that it can be settled.
  • Initiate the new loan and ensure that everything is set in place as per the agreement.
  • Carry out checks on the vehicle’s VIN number, engine number, and license. We check these details with the eNaTIS database.
  • License and register the vehicle for the buyer, which means you will not have to deal with any paperwork or stand in any queues.

On top of all of this, we guarantee the seller that the amount will be paid into their bank account promptly and in full.

Buying and selling a vehicle can be a stressful time for all parties involved, especially when it comes to the financial side of things. Obtaining a loan can be a time-consuming and tricky situation for the buyer, and trusting that the amount will be paid into their bank account without any potential for fraud, is a tricky situation for the seller. With the help of BIB Finance, the deal is facilitated professionally and legally, for the sake of both parties.

In addition to helping you get private car finance to suit your budget, we can also assist with vehicle loans (when purchasing from a dealership), as well as motorbike finance, refinancing, and caravan loans.

To learn more about applying for private car finance, contact us at BIB Finance today. You can send us an email or give us a call. One of our friendly consultants will assist you further.


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