Cars and double-cab bakkies
Found the right car or bakkie on a private sale? Finance it through a bank — you are not limited to dealership stock.
Buying from a private seller?
Private Vehicle Finance in South Africa
Bank finance for a car, bakkie, motorcycle or caravan you buy from a private seller. We handle the vehicle checks and the paperwork with the bank.
✓ Finance through 5 major South African banks
✓ You pay nothing upfront
✓ Normal bank vehicle finance — not a personal loan
Get a free private finance quote
NO DEBT REVIEW APPLICANTS · NO ACTIVE JUDGMENTS · CREDITWORTHY INDIVIDUALS
What is private vehicle finance?
Private vehicle finance lets you buy a vehicle from a private seller — not a dealership — and pay it off monthly through a bank. It works like normal vehicle finance. The agreement is in your name, and your instalments go directly to the bank.
Buying privately usually means sorting out the checks and paperwork yourself. With us, you don't. We handle the application, the vehicle checks and the paperwork between you, the seller and the bank.
Already own your vehicle and want to release cash from it? That is a different product — see paid-off vehicle refinance.
How private sale finance works
Four steps from finding the vehicle to driving it home.
1
Apply with your documents
Send us your application and documents. We submit your finance application to the banks for you.
2
We check the vehicle
We check that the vehicle is not stolen, cloned or flagged for crime. We also confirm whether it is still under finance. The vehicle must pass a Dekra roadworthy test.
3
The bank approves your finance
You sign the bank's finance agreement. If the seller still owes money on the vehicle, we do our due diligence before it is settled.
4
Paperwork done for you
We finalise the paperwork between you, the seller and the bank. Then you drive away.
What can you finance from a private seller?
Motorcycles
Buying a bike from a private seller? Pay it off in monthly instalments over a term that suits you.
Caravans and camping trailers
Finance a caravan or camping trailer bought privately, with the same bank-backed finance as a vehicle.
Documents you need for private vehicle finance
From you, the buyer
✓ Valid SA ID
✓ Valid driver's licence
✓ Proof of income
✓ Proof of address
About the seller's vehicle
✓ Settlement letter — if the seller still has finance on the vehicle
✓ Proof that the seller owns the vehicle — if it is paid off
You need only one of the two vehicle documents — whichever fits the seller's situation.
What the seller needs to do
Buying privately means the seller has a part to play. Here is what we need.
Their ID document
The seller provides their ID document.
A buy-and-sell letter
The seller provides a buy-and-sell letter. This is the sale letter between you and the seller.
A roadworthy vehicle
The vehicle must pass a roadworthy test. You and the seller arrange it between you.
Depending on the seller's situation, we also need the settlement letter or proof of ownership listed above. A private-sale deal can usually be sorted out within seven working days or sooner.
Do you qualify for private vehicle finance?
✓ Clear credit record with no judgments
✓ Credit score of 620 or higher
✓ No vehicle repossessions
✓ Not under debt review, and not applied for it
✓ Valid SA ID and driver's licence
✓ Minimum monthly income of R8,500
✓ Vehicle 2010 model or newer, in roadworthy condition
You pay nothing upfront. Creditworthy applicants only — credit checks apply.
What our clients say about us:
Private Vehicle Finance — Frequently Asked Questions
Can I get finance to buy a car from a private seller?
Yes. We arrange bank finance for private sales on cars, bakkies, motorcycles, caravans and camping trailers. The finance is in your name, just like finance from a dealership.
What if the seller still owes money on the vehicle?
That is common. We need the seller's latest settlement letter. We do our due diligence before the outstanding amount is settled. The vehicle comes to you free of the seller's finance.
Is private vehicle finance a personal loan?
No. It is normal bank vehicle finance. It is not a personal loan or a pawn scheme.
Which banks do you work with?
We work with five major banks: ABSA, MFC, Marquis Finance, Standard Bank and WesBank.
Do I pay anything upfront?
No. You pay nothing upfront.
Who handles the paperwork?
We do. We handle the paperwork between you, the seller and the bank, from application to handover.
What does the seller need to provide?
The seller provides their ID document and a buy-and-sell letter. We also need the settlement letter if they still have finance on the vehicle. If the vehicle is paid off, we need proof that they own it.
How long does private vehicle finance take?
A private-sale deal can usually be sorted out within seven working days or sooner.
Does the private vehicle need to be roadworthy?
Yes. The vehicle must pass a roadworthy test. You and the seller arrange it between you. The vehicle must also be a 2010 model or newer.