Finance Terms and Conditions for Pre-owned Vehicles

1. Actual installments on loans obtained from financial institutions will vary depending on: the current prime interest rate, the financial institution’s variables, the type, condition and age of the vehicle, your credit rating with the financial institution concerned, the respective initiation fees and the time period between the effective date of the loan and the first installment payable. Installments exclude bank initiation fee, monthly administration fee and any extras, unless otherwise specified. Please note that you should seek appropriate financial advice before concluding any loan agreements.
2. All installments / finance calculations given on this site, including the pre-populated interest rates, term, deposit, residual/balloon amount in the pre-owned vehicle finance calculator, are only intended as guidelines. They are therefore not binding and will need to be confirmed at the time your finance application is submitted for approval. All information regarding the vehicles and financial products which are included in the calculations are therefore subject to change at any time prior to a final pre-agreement quote being handed to the user.
3. The allowed maximum Balloon/Residual Value percentage is dependant on the Year the vehicle was first registered. This maximum percentage is automatically applied to all pre-owned vehicle instalment calculations on this website. The table below details these percentages.

   Year Registered	2013 or older	2014	2015	2016	2017	2018
   Balloon %	0%	20%	25%	30%	30%	35%

4. All pre-owned vehicle installments on this website have been calculated over a 72 month period.
5. All pre-owned vehicle installments on this website have been calculated with the interest rate set at 13.25%.
6. All pre-owned vehicle installments on this website have been calculated using a 20% deposit.
7. All extended warranty, service and delivery fees used in the pre-owned vehicle finance calculator are specific to pre-owned vehicles.
8. Retail pricing EXCLUDES On-The-Road charges (Licensing, Documentation Fees and Service & Delivery Fees)
9. Calculated installments and the full financed amount INCLUDES On-The-Road charges relevant to pre-owned vehicles (Licensing, Documentation Fees and Service & Delivery Fees), based on the retail price bracket, including VAT, as indicated below:

   Retail Price Bracket	<R100k	R100k – R200k	R200k – R300k	>R300k
   OTR Charges	R6,345.00	R7,187.00	R7,500.00	R8,025.00

10. All vehicle prices quoted on this site are suggested retail prices only. Group1 Cars reserves the right to change the prices at any given time. Please read the Terms of Use
11. All vehicle specifications are subject to change without prior notice. Please read the Terms of Use