28% More Home Loan Deals Approved!
AutoAssist helps your clients improve their affordability and qualify for a bigger bond – by refinancing their vehicles.
Real Estate Industry
28% More Home Loan Deals Approved!
AutoAssist helps your clients improve their affordability and qualify for a bigger bond – by refinancing their vehicles.
Increase Affordability
Consider refinancing of a client’s vehicle as an option to increase their affordability score
Reduce Instalments
Help clients afford their dream home by reducing their monthly vehicle instalments or securing cash for additional costs
Secure More Deals
Secure deals which are at risk of failing because of low bank offers
VEHICLE REFINANCE
Eliminating barriers to securing a successful home loan
Affordability and low offers from the bank are two of the main barriers to securing a successful home loan. In these cases, two or three thousand Rand can make or break a home loan deal! Often, clients have cash tied up in a car – either with high monthly instalments, or as capital in a partially or fully-paid up vehicle.
AutoAssist can help your clients improve their affordability and qualify for a bigger bond 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 transfer fees or moving costs.
DON'T LOSE A DEAL
Real Estate Professionals love recommending AutoAssist
It can be so frustrating when you lose a deal that is within your grasp, or see a client’s dreams shattered because they cannot secure the bond they need or want. And meanwhile, it could be possible to secure an extra 28% of deals by including the option of refinancing a vehicle.
It is wonderful having a company like AutoAssist to refer clients to. The staff are extremely helpful and go above and beyond to make a home buyer’s dream come true! I would definitely continue referring my clients to them.
Estelle Vorster
OOBA
CASE STUDIES
Vehicle Refinance In Action
CASE STUDY
Reduced Instalments
Richard bought a BMW for R400,000 and pays R7,000 in monthly instalments.
He now owes R125,000 on the BMW.
AutoAssist helped to refinance Richard’s vehicle for the settlement amount, R125,000.
Richard now pays a monthly instalment of R2,000 and has an additional R5,000 available every month.
With his vehicle repayments reduced by R5000 per month, Richard can now consider properties of a higher value.
*The above example is given for illustrative purposes. Each case will have unique Ts & Cs.
CASE STUDY
Cash Payout
Bongi needs R100,000 for transfer and legal fees to complete a home loan deal.
Bongi bought a BMW for R400,000 and pays R7,000 in monthly instalments.
She still owes R125,000 on the BMW, but the car is worth R225,000.
AutoAssist paid out the difference between the retail value and the amount owing on Bongi’s BMW, providing Bongi with R100,000 cash. AutoAssist refinanced the vehicle to the value of R125,000, with monthly instalments of R4,000.
Bongi not only got a cash payout of R100,000 but she also saved on monthly instalments and her home loan application was successful!
*The above example is given for illustrative purposes. Each case will have unique Ts & Cs.