Wesbank Private Vehicle Finance

Wesbank Private Vehicle Finance

Nowadays there are various ways to buy a car. Using cash upfront is one way, but getting vehicle finance is by far the more popular option. While some people may opt for buying a car through a dealership, private vehicle finance is often a favoured option. This is mainly because a car buyer is able to get exactly the kind of car that they want.  

Wesbank makes this process fairly simple.

How Wesbank Private Vehicle Finance works:

Car buyers complete an online application (which is a 20 minute process) and get an instant answer.

Once the application has been approved, Wesbank contacts the seller to agree to the sale. The seller is obliged to do a 101 point check on the vehicle as well as a roadworthy test.

Wesbank will ask you and the seller for the necessary documents.

The agreement is voice-logged, which is legally binding.

A Wesbank representative meets with you to complete the process.

Wesbank then pays the seller and takes care of your new vehicle’s registration.

The car must be sold by a private seller and must be less than 20 years old. The car must also be worth R30 000 or more and must not be a stolen or recovered car.

What are the qualifying criteria?

  • Be at least 18 years old
  • Be a South African citizen
  • Have a valid driving licence
  • Have a clear credit record
  • Earn at least R6250 per month

How a typical Wesbank Private Vehicle Finance process works:

  • Buyer and seller agree on terms of the sale
  • Buyer applies for finance online or telephonically
  • Once the finance is approved, documents are required
  • The contract is then prepared
  • TitleGuard contacts the seller with a list of requirements
  • Documents must then be faxed or emailed to Wesbank
  • The documents are verified
  • The seller is paid
  • The vehicle is registered by Wesbank

For more information about Wesbank Private Vehicle Finance, visit www.wesbank.co.za

Categories: Vehicle finance