Reduce Instalments
Reduce your monthly vehicle repayments with lower interest rates
Increase Affordability
Consolidate debt by using the cash-back from refinance to reduce your monthly debt expenses
Access Cash
Access cash “locked up” in your vehicle to fund legal fees
The Challenge
Help your Clients Access the Legal Representation They need

For clients facing difficulties covering legal fees, vehicle refinancing can provide a practical, immediate solution. Monthly financial obligations, like car repayments, often limit clients' ability to manage unexpected legal expenses, which can impact their capacity to proceed with necessary legal support.

Though vehicle refinancing, clients can access cash by leveraging the equity in their vehicles, potentially covering their legal costs without high-interest credit options. This financing approach offers clients a streamlined, accessible way to fund their representation, helping you maintain continuity of service and minimize disruptions. Partnering with Fund My Car could allow your clients the financial relief they need to keep focused on their legal matters.

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Your car, motorbike, caravan or even trailer could help you gain the financial stability for you and your family
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Fund My Car can help you improve your affordability in one of two ways:
✔
Reduce Monthly Instalments
Reduce monthly vehicle instalments by securing a better loan rate on existing car finance.
✔
Gain Access To Cash
Refinance a car (or any other vehicle) to gain access to CASH for legal fees.
VEHICLE REFINANCE
How It Works
There are a few ways that refinancing a vehicle can assist you to save on your monthly instalments or access a cash lump sum.
Option 1
Refinance your vehicle to lower the monthly instalment
When your vehicle is on finance, you will be liable to pay an instalment every month. This instalment usually remains the same until the term is complete.
Example
Vehicle Loan: R400,000
Loan Term: 72 Months
Monthly Repayments: R7,000 pm
Settlement Amount: R125,000
Fund My Car arranges to refinance the vehicle for retail value of R225,000. The instalment will be reduced to R3,500 pm and there will be a cash out payment of R100,000 to pay for other new home expenses like legal fees, moving costs or renovations.
The above example is given for illustrative purposes. Each case will have unique Ts & Cs.
Option 2
Refinance your vehicle to access cash on a vehicle that is still on finance

The calculation of how much cash could be accessible by refinancing your vehicle is dependent on all or some of the following factors:

  • The length of time the vehicle has been on finance
  • Whether a deposit was paid
  • Whether there was a trade in with purchase

If the retail value of the vehicle is more than the settlement amount, the cash out will be the difference between them. It is also possible that your instalment may decrease.

Example
Vehicle Loan: R400,000
Loan Term: 72 Months
Monthly Repayments: R7,000 pm
Settlement Amount: R125,000
Retail Value: R225,000
Fund My Car arranges to refinance the vehicle for R125,000, which reduces the repayment value to R2,000 monthly. The client now has an additional R 5,000 a month available and will be able to afford repayments on a higher bond value.
The above example is given for illustrative purposes. Each case will have unique Ts & Cs.
Option 3
Refinance your paid up vehicle to access cash

You may not know that it is possible to refinance a vehicle which is fully paid up. Fund My Car can arrange to refinance your vehicle for the full retail amount which you can allocate to those new home expenses like legal fees, moving costs or renovations. The minimum amount that you can refinance is R35 000.

Option 4
Private To Private Finance

Vehicle, Bike, Boat, and Caravan Private Sales Facilitation Service

We offer a comprehensive service to facilitate the private sale of your vehicle, bike, boat, or caravan. Our team handles all necessary paperwork and registrations, ensuring a smooth and hassle-free transaction for both the seller and buyer. With our expertise, you can focus on selling while we take care of the details, from drafting contracts to finalizing the transfer of ownership.

Advantages of Refinancing for Legal Costs
  1. Quick Access to Cash: Refinancing provides quick cash without the need to
    apply for an additional loan.
  2. Better Terms: You may get a lower intrest rate or a payment structure that
    aligns with your budget.
  3. Simplified Repayment: With just one load, managing repayments is simpler
    than juggling multiple forms of debt.
The Process
Vehicle Refinance In 3 Easy Steps
01
Contact Us
Get in touch with us about refinancing your vehicle.
02
Submit Your Documents
Send us your consent form & settlement letter if your vehicle is still financed.
03
Accept Your Quote
Review your quote of your new reduced instalments or cash payout, & accept!
Get Started
Qualifying Criteria

All of the following criteria need to be met for your application to be considered:


  • Vehicle less than 10 years old and value of R50,000 or more
  • Permanently employed with monthly salary of at least R8,000
  • If applicant is self-employed, the business must be registered and older than two years
  • Clear credit profile OR acceptable credit score
  • SA ID Document AND SA Driver’s License
  • Foreigners require SA Driver’s License, Work Permit and Passport
  • We can assist Pensioners but they will require Proof of Income
Fund My Car WILL NOT be able to assist clients who are blacklisted, under debt review, or anyone who has accounts in arrears or defaults.
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Or contact us on   010 900 5442
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