Vehicle Finance - Standard Bank Vehicle Finance

Standard Bank Vehicle Finance

 
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Standard Bank Vehicle Finance

Standard Bank is a leading financial services organization founded in South Africa. They focus on…

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Standard Bank Vehicle Finance

Standard Bank is a leading financial services organization founded in South Africa. They focus on building the leading Africa-focused financial services organization using their competitive advantage to the full. They have been operating for the last 150 years and offer a variety of financial services.

Standard Bank Vehicle Finance

Standard Bank offers vehicle and asset finance as a division of the Standard Bank Group. They help you finance a wide range of new and used movable assets. They offer you finance options that enable you to buy a vehicle and pay for it over an extended period. They have an installment sale option, financial lease and full maintenance lease.

The Standard Bank Vehicle finance installment sale option enables you to buy a car and other assets and pay them off over a period of time. Ownership will pass to you automatically once you have made the final payment. The deposit is negotiable and balloon payments can be structured into the agreement. You can finance the car over a maximum period of 60 months and you can trade in the vehicle once you have paid Standard Bank in full. Market-related interest rates apply, which may be linked to the prime lending rate or fixed.

The Financial lease option gives you the use of an asset while you are paying for it over the agreed term. Ownership does not pass to you automatically but is one of the options available to you at the end of the contract. The deposit is negotiable and balloon payments can be structured into the agreement. You can finance the car over a maximum period of 60 months but Standard Bank owns the asset and once all payments have been made you may return the asset to Standard Bank and negotiate to become the legal owner or renew the contract at an annual rental. Flexible payment structures can be negotiated and market-related interest rates apply, which may be linked to the prime lending rate or fixed.

The Standard Bank Vehicle Finance Maintenance lease option is a comprehensive financial and maintenance package. It allows you to outsource the administration and maintenance of your vehicles to Standard Bank Fleet Management. The facility is available to you if you use the vehicle for business purposes, a maximum finance period of 60 months applies, and you are not required to pay a deposit. Standard Bank owns the vehicle, and at the end of the agreement you return it to them or negotiate to become the legal owner. The repayments are based on the period of the agreement and estimated distance to be travelled.Repayments are adjusted if the average monthly distances travelled change by more than 10% from the estimated distance agreed upfront, or you could be charged an excess amount at the end of the contract.

 

Standard Bank contact details:

Address: 5 Simmonds Street
Johannesburg 2001

Tel: 0860 101 341
Email: [email protected]
Website: www.standardbank.co.za


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