We are taking you through the process of extending your vehicle instalment, step by step, to give you an idea of how it works, what the benefits are, and how we can help you save money each month. 


How does the process work?


After completing the inquiry form, we will contact you shortly.



We will present you with a car quotation to extend your current instalment.



Sign new agreement and we will settle any outstanding amount.



You’ll now be able to save some extra money each month.


What does it mean to extend your vehicle instalment?

It’s relatively easy to extend your instalment in South Africa but the question is why would you do it? Typically, people follow the process to secure a lower interest rate which decreases their monthly car payments and saves them money over time.

The aim is to lower your interest rate, reduce your monthly payments, possibly get some cash-back or shorten the loan period.


What does it involve?

When you extend your vehicle instalment, you take out a new loan to pay off the balance of your existing car loan. However, the whole purpose is to pay a lower monthly payment and save money by securing a better interest rate.

The majority of people who take out a car loan to buy a car are offered a fixed interest rate and pay a fixed monthly payment over a pre-determined period of time. This is typically 60 months (5 years).

What extending your instalment involves is, coming back to the negotiating table with the bank and negotiating better terms. What you get out of the new deal depends on how much of the current loan is outstanding, your credit rating, your financial standing and the trade value of the vehicle.


What do you need to provide?

-Certified copy of your proof of identity (ID Document)

-Proof of income (6-months bank statement)

-Proof of insurance (If you have)

-All information on your current loan (outstanding balance, interest rate and loan period)

-Vehicle details (vehicle identification number/VIN, registration number etc.)


If you want to save money, NOW is the best time to do it!

We can help you throughout the whole process and give you the peace of mind that professionals are on your side.


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We're Here To Help!


M-F: 8am – 5pm
S-S: Closed

Call Us