Confidential, Secure and Reliable Financing
BIB Finance

Vehicle Finance Application

BIB Finance makes your Vehicle Finance Application Simple and Hassle-Free

Most of us have been there…the dreaded vehicle finance application. If you are in the process of applying for vehicle finance, and are filled with dread, we would not blame you.

2018-06-19

Obtaining good vehicle finance, with a decent interest rate and good repayment terms attached, is rare, and for many, the dread turns into reality when a loan application is outright denied/rejected.

We are here to help! At BIB Finance, we will not make unrealistic promises about your vehicle finance application. We believe in doing everything meticulously, which means that your particular application will be personally handled by us. When all the right documents are provided, and an applicant goes through the necessary affordability assessments and credit checks, negotiating an affordable loan is simple. We will ensure that you provide those documents and go through those checks once. We will then approach major banks with your information and liaise with them, in order to negotiate a vehicle finance loan that is ideal for you, your situation, and your budget.

Types of Vehicles we Finance

You might be wondering if you can buy any car you want when applying for finance with BIB Finance. While we want to make it possible for you to drive your dream car, there are limitations that are dictated by your current circumstances and financial position. What sets a vehicle finance application with BIB Finance apart from other loan companies, is that we do not just handle the financing of new cars from dealerships. We offer vehicle finance for second-hand cars from dealerships, new cars, and purchases from private sellers. This means that you can buy the car that you want, without being limited to new and expensive cars only found at dealerships.

When completing a vehicle finance application, we recommend that you have the correct documentation available for the process. You will need a copy of your driver’s license, a copy of your ID, proof of residence, three-months’ payslips, and the latest three bank statements. It is always easier to acquire finance when you have a good credit rating. Of course, credit checks are done with Trans Union ITC, and those who are blacklisted or under debt review will be turned away.

Affordability and the Interest Rate Offered

Affordability is the number one concern for banks and lending institutions. As they are governed by the NCR (National Credit Act), they are required by law to carry out a variety of checks and investigations to make sure that the applicant can afford the instalment for the vehicle that they are hoping to finance.

Many people lose track at this point. They take a look at the proposed instalment amount, and are so overjoyed that they have received a vehicle loan offer, that they forget to look at the interest rate attached. While the monthly instalment may seem low, it does not mean that you have the best vehicle finance deal in place. That is where you can truly benefit from being assisted by BIB Finance. We communicate with the banks for you, and ensure that you are offered the lowest possible interest rates.

BIB Vehicle Finance Applications

If you want to purchase a new vehicle, you can complete the BIB vehicle finance application online in just a few minutes. Shortly after, one of our friendly and helpful agents will be in touch with you to finalise the details and get the process started. While we are professional and meticulous, we never compromise on customer care. You can expect us to handle your application with discretion and to do everything we can to make the process quick, easy, and stress-free for you. Our loan consultants are extremely knowledgeable in the industry, and will happily give advice and information as required. Purchasing a car on credit is a necessity for many, and it is our aim to make it simple for everyone who needs a new car and can afford it, to get the financial aid that they need with minimal hassle involved.

To discuss the ins and outs of vehicle finance with us, we welcome you to get in touch with us. You can give us a call at any time during business hours, or you can drop us an email when you have the time. Get behind the wheel of your dream car with the help of BIB Finance.


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