Restructure your vehicle finance
Struggling with vehicle payments or high interest? We restructure vehicle finance agreements through major SA banks — lower rates, adjusted terms, easier finances.
REQUIREMENTS
- Valid SA ID
- Valid driver’s licence
- Proof of Income
- Latest settlement letter
- Proof of address
Get Your Free Quote
NO DEBT REVIEW APPLICANTS - NO ACTIVE JUDGMENTS - CREDITWORTHY INDIVIDUALS
Benefits of Restructuring Your Vehicle Finance
Lower Your Monthly Payments
Free up room in your monthly budget while you keep driving your vehicle.
Shorten Your Repayment Period
Settle your vehicle sooner and pay less interest overall.
Extend Your Repayment Term
Spread the remaining balance over more months when a smaller instalment matters most.
Paid off a large part of your vehicle already? You may also be able to release cash against the equity in it. Click here to see our refinance and cash-out options.
How Restructuring Your Vehicle Finance Works
Review Your Agreement
We review your current agreement — your bank, outstanding balance, and remaining term.
Check Your Options
We check your restructuring options — lower instalment, shorter term, or extended term, based on what a major SA bank will approve.
See Your New Terms
You see the new terms before you commit — the exact new instalment, no obligation until you accept.
Bank Finalises The Change
Your bank finalises the change — you keep driving your vehicle throughout; nothing changes hands.
We also restructure vehicle finance for vehicles bought through a private sale — explore our private vehicle finance options.
What You Should Know Before You Restructure
You Keep & Drive Your Vehicle
You retain full possession. We never take, store, or hold your vehicle.
Normal Bank Finance
Think of it as your existing bank adjusting your agreement at standard asset finance rates.
Not a Personal Loan or Pawn Scheme
Structured, bank-backed finance with competitive rates and longer terms.
You Must Be Creditworthy
Restructuring requires a new credit assessment by the bank, even if you have an existing finance agreement in place. A clear credit record with no judgments or debt review is required.
Vehicle Condition & Age
Must be a 2010 model or newer in roadworthy condition.
Is a balloon payment waiting at the end of your term? See how balloon payment finance can settle or refinance your balloon.
Example of Financial Benefits — What Restructuring Can Save You
Michael bought a Suzuki Swift in 2022 for R196,935, financed over 72 months at 14.4%. He later restructured his remaining settlement amount of R140,694 at 13% over a new 72-month term. Here is what it did to his monthly instalment:
| Before | After Restructuring | |
|---|---|---|
| Amount financed | R196,935 | R140,694 |
| Interest rate | 14.4% | 13% |
| Term | 72 months | 72 months |
| Monthly instalment | R4,100 | R2,800 |
Michael's saving: R1,300 every month
We can help you restructure vehicle finance just like Michael — a repayment plan that fits your needs. Estimate your new instalment with our vehicle refinance calculator.
You pay nothing upfront. Creditworthy applicants only — credit checks apply.
Documents you need to restructure your vehicle finance
✓ Valid SA ID
✓ Valid driver's licence
✓ Proof of income
✓ Proof of address
✓ Latest settlement letter
Do you qualify?
✓ Clear credit record with no judgments
✓ Credit score of 620 or higher
✓ No vehicle repossessions
✓ Not under debt review, and not applied for it
✓ Minimum monthly income of R8,500
✓ Vehicle 2010 model or newer, in roadworthy condition
✓ Preferably around 36 months into your current agreement
You pay nothing upfront. Creditworthy applicants only — credit checks apply.
What our clients say about us:
Restructure Vehicle Finance — Frequently Asked Questions
Can I restructure vehicle finance if my car is still under an active agreement?
Yes. Restructuring applies to a vehicle still under finance — we settle the existing agreement and place a new one at a revised rate and term with a major South African bank.
How can I lower my car instalment without going into debt review?
Restructuring is normal bank finance, not debt relief. Your account stays in good standing and you keep driving your vehicle. Debt review is a separate legal process — if you are already under debt review, we cannot assist.
Do I need to qualify again to restructure vehicle finance in South Africa?
Yes. A new agreement means a new credit assessment. Applications go to major SA banks and credit checks apply — you must be creditworthy, with no active judgments.
Which vehicles qualify for restructuring?
Your vehicle needs to be a 2010 model or newer, and preferably you should be around 36 months or more into your current agreement — restructuring works best once you have built up some value in the vehicle. Cars, bakkies and double-cabs all qualify. You don’t need to chase paperwork: we can obtain your latest settlement letter from your bank on your behalf. We will require a roadworthy certificate and multipoint check when you decide to proceed with the offer.
Does restructuring cost more in the long run?
Yes — a lower instalment over a longer term means you pay more interest in total. But for someone under pressure, the real comparison is not restructuring versus your current deal — it is restructuring versus falling behind. Restructure while you still qualify and you protect your vehicle, your credit record and your other credit commitments. Waiting until you are deep in arrears risks repossession, when it is too late to fix.