Facebook-Icon
Instagram-Icon
X-Icon

Kent Motors

Finance

Finance

Apply for Finance
Refinancing
Private Deal Finance
Vehicle Finance Requirements

At Kent Motors, we make owning or driving your dream vehicle simple and affordable with flexible finance solutions tailored to your needs. Whether you want to purchase or lease, we partner with leading financial institutions to offer the right plan for you.

1. Traditional Bank Vehicle Finance
A secured loan from trusted banks like Standard Bank, FNB, MFC, or ABSA, payable over 12–96 months in fixed instalments. Ownership transfers to you once the loan is settled, with optional balloon payments of up to 35% for lower monthly costs.
Best For:
• Salaried or self-employed buyers with steady income (from R6,000–R10,000 p/m).
• Customers wanting full ownership at the end of the term.
• Graduates who qualify for tailored entry plans.
2. Long-Term Rentals / Leasing
Drive a vehicle for 2–5 years without the commitment of ownership. Monthly rentals often include insurance and warranties, and you can return the vehicle at the end or opt for a rent-to-own upgrade.
Best For:
• Drivers seeking flexibility without ownership obligations.
• Clients with lower credit scores who may not qualify for traditional loans.

Application Form

IF THE ABOVE APPLIES TO YOU, PLEASE CALL US AT YOU SOONEST CONVENIENCE. OR COMPLETE THE APPLICATION FORM BELOW.

Goods Description

Vatable Extras Vat incl

Personal Details

Employers Details
Employers Details
Banking Details - Applicant
Language Preferences
YOUR INCOME DETAILS - APPLICANT (PER MONTH)
YOUR EXPENSES - APPLICANT (PER MONTH)
DISPOSABLE INCOME
Are You Currently Liable As
I confirm that:
  1. I am not a minor.
  2. I have never been declared mentally unfit by a court.
  3. I am not subject to an administrator order.
  4. I do not have any current application pending for debt restructuring or alleviation.
  5. I do not have any current debt re-arrangement in existence.
  6. I have not previously applied for a debt re-arrangement.
  7. I am not under sequestration.
  8. I do not have applications pending for credit, or open quotations as envisaged in Section 92 of the National Credit Act.
  9. The information provided by me in this application is true and correct.
Declaration by client: I hereby grant the Credit Provider the right:
  1. To increase my Credit Limit once every year to accommodate any Value Added Products needed.
  2. To authorise the Credit Provider to make enquiries about my credit record with any credit agency.
  3. To obtain whatever information on me they might require to process this application.
  4. I do not have any current application pending for debt restructuring or alleviation.
I understand that I will be liable for a monthly service fee. I also authorise the Credit Provider to share my payment behaviour with any credit agency and the National Loans Register.

By clicking on the SUBMIT button, I hereby consent to Kent Motor Group (hereafter referred to as ‘the Company) and its employees collecting and processing the Personal Information that I have provided for the purpose of enquiring about vehicles or services by the Company. I also consent to the Company retaining the Personal Information provided, in any form, for as long as the Company deems desirable, for the purpose of contacting me regarding future promotions that the Company may run. I am aware that I am able to opt out of any further communications at any time.

What It Is:

Refinancing involves taking out a new loan to pay off an existing vehicle loan, often to secure better terms, lower interest rates, or extend the repayment period. It can also be used to refinance a balloon payment due at the end of a loan term. Refinancing may increase the total loan cost but can reduce monthly payments, making them more manageable. This option is available for vehicles purchased from dealerships or private sellers.

Who It’s For:

• Current vehicle owners struggling with high monthly repayments or facing a balloon payment they can’t afford.
• Businesses or individuals needing to unlock cash flow by restructuring existing vehicle finance.
• Clients with improved credit scores who qualify for lower interest rates than their original loan.

Book a finance call

What It Is:

Private-to-Private Vehicle Finance is a loan arranged through a bank or financier to purchase a used vehicle directly from a private seller, not a dealership. The financier handles the application, vehicle inspections, and background checks to ensure the vehicle is roadworthy and free of issues (e.g., not stolen or rebuilt). The process mirrors traditional finance but includes added safeguards for private sales, with terms up to 84 months and comprehensive insurance required.

Who It’s For:

• Buyers seeking cost savings by purchasing used vehicles from private sellers, which are often cheaper than dealership prices.
• Clients who want a streamlined process, as financiers handle admin, negotiations, and secure payment to the seller.
• Buyers of unique vehicles (e.g., motorcycles, caravans, or vintage cars up to 20 years old) not always available at dealerships. This option suits savvy buyers in Durban looking for great deals on private sales with the security of professional financing.

Book a finance call

If you have never applied for vehicle finance before then don’t worry, our friendly and professional team can help walk you through the process. You will need to make sure you have the following information to meet the minimum requirements:

Vehicle Finance Application Requirements in South Africa

If you’re looking to finance a vehicle through our dealership, we’ve streamlined the process to make it as straightforward as possible. In South Africa, vehicle finance is regulated by the National Credit Act (NCA), ensuring transparency and consumer protection. Applications are typically handled through partnered financial institutions like ABSA, WesBank, Standard Bank or MFC, and we can assist with submission. Eligibility criteria and required documents are outlined below. Note that requirements may vary by lender, but these are the standard expectations.

Eligibility Criteria

To qualify for vehicle finance, you generally need to meet the following minimum requirements:

  • Age: Be 18 years or older.
  • Citizenship/Residency: Be a South African citizen or permanent resident.
  • Employment: Have permanent, salaried employment (often at least 3-6 months with your current employer). Self-employed or commission earners may qualify but need additional proof.
  • Income: Earn a minimum monthly salary of R6,500 to R8,500 (gross, depending on the lender). Commission earners must show consistent income.
  • Driver’s License: Hold a valid South African driver’s license with no endorsements.
  • Credit History: Have a good credit score and history. Lenders will perform a credit check, and blacklisted individuals may not qualify.

For used vehicles, additional criteria may apply, such as the car being less than 10 years old and valued at least R50,000.

Required Documents

Gather these documents before applying to speed up the process. Digital copies are often accepted for online submissions:

  • Proof of Identity: A valid South African ID card, green barcoded ID book, or passport (for permanent residents).
  • Driver’s License: Copy of the front and back.
  • Proof of Residence: A utility bill, bank statement, or official document showing your address (not older than 3 months).
  • Proof of Income: Last 3 months’ payslips. For commission earners or self-employed, include stamped bank statements (no internet statements accepted).
  • Bank Statements: Last 3 months’ statements to verify income and expenses.
  • Optional/Additional: Proof of employment (letter from employer), latest tax return (for self-employed), or marriage certificate (if applicable for joint applications).

Application Form

IF THE ABOVE APPLIES TO YOU, PLEASE CALL US AT YOU SOONEST CONVENIENCE. OR COMPLETE THE APPLICATION FORM BELOW.

Goods Description

Vatable Extras Vat incl

Personal Details

Employers Details
Employers Details
Banking Details - Applicant
Language Preferences
YOUR INCOME DETAILS - APPLICANT (PER MONTH)
YOUR EXPENSES - APPLICANT (PER MONTH)
DISPOSABLE INCOME
Are You Currently Liable As
I confirm that:
  1. I am not a minor.
  2. I have never been declared mentally unfit by a court.
  3. I am not subject to an administrator order.
  4. I do not have any current application pending for debt restructuring or alleviation.
  5. I do not have any current debt re-arrangement in existence.
  6. I have not previously applied for a debt re-arrangement.
  7. I am not under sequestration.
  8. I do not have applications pending for credit, or open quotations as envisaged in Section 92 of the National Credit Act.
  9. The information provided by me in this application is true and correct.
Declaration by client: I hereby grant the Credit Provider the right:
  1. To increase my Credit Limit once every year to accommodate any Value Added Products needed.
  2. To authorise the Credit Provider to make enquiries about my credit record with any credit agency.
  3. To obtain whatever information on me they might require to process this application.
  4. I do not have any current application pending for debt restructuring or alleviation.
I understand that I will be liable for a monthly service fee. I also authorise the Credit Provider to share my payment behaviour with any credit agency and the National Loans Register.

By clicking on the SUBMIT button, I hereby consent to Kent Motor Group (hereafter referred to as ‘the Company) and its employees collecting and processing the Personal Information that I have provided for the purpose of enquiring about vehicles or services by the Company. I also consent to the Company retaining the Personal Information provided, in any form, for as long as the Company deems desirable, for the purpose of contacting me regarding future promotions that the Company may run. I am aware that I am able to opt out of any further communications at any time.