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Thread: Re Finance Vehicle Finance

  1. #1
    Join Date
    Nov 2007
    South Africa
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    Re Finance Vehicle Finance


    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 the service offered by Lets Talk Wheels's 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 .

    * Lower current monthly re-payments by switching your loan to LTW.
    * 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
    * New refinance installment at same Rate R2650

    Saving of R 4049 Extra disposable income per month.
    And huge saving can be produced by switching your finance, especially business owners benefit the most from this offer.
    For more feel free to contact me

  2. #2
    Site Caretaker Dave A's Avatar
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    May 2006
    Durban, South Africa
    Thanked 2,397 Times in 2,004 Posts
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    Quote Originally Posted by QUINN View Post
    * Rate: P+3%
    The only question I've got about this is at the moment you are highly unlikely to get the same or better rate (relative to prime) than you would have got 36 months ago, especially as you are financing a smaller amount.
    Seeing opportunity changes nothing. Seizing opportunity and running with it changes lives.

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