Vehicle Refinance with Basslows
In a financial landscape marked by rising interest rates and inflation, maintaining monthly cash flow can be a challenge.
If your current car payments are becoming a burden, or if you simply want to unlock the capital tied up in your asset, Basslows is here to help.
Why choose Basslows for vehicle refinance?
Refinancing your car shouldn’t be complicated. At Basslows, we make the process smoother and often more cost-effective than negotiating directly with traditional banks. We allow you to access the equity in your car without selling it, giving you the cash you need while you keep driving.
Request a Call Back
Please complete the form below and we will call you back
"*" indicates required fields
How vehicle refinance can help you
By restructuring your current agreement, Basslows can effectively reduce your monthly financial commitments. We achieve this by extending your repayment terms or securing a more competitive interest rate, instantly freeing up disposable income.
We offer two distinct categories of service:
What exactly is vehicle refinance?
Simply put, vehicle refinance involves replacing your current car loan with a new one that offers better terms. This often results in a reduced monthly instalment, giving you immediate relief.
Here is how Basslows uses refinancing to your advantage:
Extending the payment term
By spreading your loan over a longer period, your monthly obligation decreases.
- Example: A R100,000 loan over 36 months at 12% interest costs roughly R3,359/month.
- With Basslows: Refinancing that same amount over 72 months could drop the payment to approx. R1,977/month.
- Result: An extra R1,382 in your pocket every month.
Securing a lower interest rate
Interest rates vary between lenders. If your credit profile has improved or market rates have shifted, we may be able to secure a lower rate for you.
- Example: Reducing a 12% interest rate to 9% on a R100,000 loan (36-month term) lowers the payment from R3,359 to R3,216.
- Result: A total saving of over R5,000 over the life of the loan.
Unlocking cash liquidity
If your vehicle is partially or fully paid off, we can refinance it up to its full retail value. This allows you to access a lump sum of cash for emergencies, investments, or personal needs, while you repay it in manageable instalments just like a standard car loan.
The benefits of refinancing your vehicle
01
Reduce monthly
expenses
Free up cash flow to handle other rising costs, such as a new bond or higher living expenses.
02
interest
If you qualify for a better rate, you will pay less for your car in the long run compared to your original agreement.
03
capital
Use your car’s value to cover unexpected costs, like medical bills or home repairs, without losing your mode of transport.
04
cards
Vehicle refinance rates are typically much lower than credit card interest rates, making this a smarter way to fund large expenses like a holiday or renovation.
Do I qualify?
To qualify for vehicle refinance with Basslows, you need:
A clear credit record (no judgements).
South African citizenship.
A valid driver’s license.
Proof of sufficient monthly income to cover repayments.
If you are already paying off a vehicle, you likely already meet the criteria. Let Basslows review your current agreement and help you find a better deal.
Ready to lower your payments?
We offer asset-based cash loans, vehicle financing, and refinancing with flexible terms.