BIB Finance

Confidential, Secure Financing
BIB Finance

Private to Private Finance

Fast Becoming a Popular Car Financing Option in South Africa.

Are you tired of driving that old, run-down car? You probably are, but having limited finance options can prevent you from upgrading and getting the car of your dreams. If you are shopping around for another car on a budget and need to be relieved of some of the financial stress involved, perhaps it is time to opt for financial aid from a finance company that has your best interests at heart. At BIB Finance, we want to help you to get behind the wheel of your next set of wheels and we want to make sure that you are not getting caught up in red tape and time-consuming administration along the way.

If you are interested in applying for finance to buy a new car, you are probably concerned that you might have to deal only with dealerships and that it might end up limiting your choices. We all know that some of the best deals can be found with private sellers, but it is not always possible to obtain finance for private deals. This is where our private-to-private finance offer is most useful. With the help of a professional finance provider, you can buy a vehicle from a private seller with greater ease. We will even provide you with added peace of mind by doing checks that you probably would not have done, or been able to do, yourself. When using BIB Finance for your private financing needs, you can expect a professional and attentive service that brings you the ultimate in convenience.

Private-to-private finance is something that has been growing in popularity in South Africa as a result of buyers wanting a larger choice when shopping for cars. Buying a privately sold vehicle has its benefits. For instance, you can probably find the car you are looking for a lower price than what you would pay for it at a second-hand dealership. Unfortunately, buying privately may carry certain risks as well. The vehicle on offer has often not undergone any professional testing and is therefore not necessarily certified as mechanically sound. In some instances, the vehicle might be stolen, and how could you tell? Therefore, for many years, financial lending institutions avoided providing loans for such private purchases, but things have changed. With the right financial professionals on your side, you can reap the rewards of private-to-private finance without any of the risks normally associated with private deals.

BIB Finance is all about ensuring that our customer is able to make a secure purchase and that both parties are protected. We do this by handling the entire private purchase process on your behalf. Once we have ascertained which vehicle you wish to purchase, we will make enquiries and gather information on the vehicle itself and the actual transaction.

If there is an existing loan in place, we will arrange with the bank to settle the outstanding amount and have a new loan secured. These processes can be confusing and frustrating for the private individual, especially if you do not have time to waste on administration and phone calls. Before the transaction goes ahead, there are several checks that must be done. We will confirm the details and perform checks on the vehicle with regards to the authenticity of its VIN, engine number, and the vehicle license number. These details are checked against the eNaTIS system. If all is in order, we can authorise the deal and the exchange can take place.

The next step is to register and license the vehicle in the new owner’s name. This can be a hassle for some, so we endeavour to handle this part of the process for you too. It is a safe way to buy a new car, because payment is guaranteed to the seller and all the nitty-gritty paperwork and financing arrangements are made absolutely simple for the buyer.

At BIB Finance, we welcome all those looking for financial assistance to buy a vehicle on a private-to-private basis to contact us to discuss their needs and requirements, so that we can handle the necessary arrangements. Our friendly and knowledgeable consultants will advise you on all that is required to go ahead. Simply send us an email or give us a call and we will assist you further

Apply for Private to Private Finance.