Lowest Car Financing Options

Carfin offers two car financing options these are the normal hire purchase agreement and the residual purchase agreement.

Hire purchase (the more popular car finance option)

Hire Purchase - Car Financing Options To Own Your Car

This is a contract between you and the bank linked to prime interest rate and a fixed term.

Once you have paid off the monthly premiums,at the end of the term the car will be fully settled and you will retain full ownership of the vehicle.

For more info feel free to contact Carfin Callcentre @ 0861227346

Residual Purchase – A Percentage Of The Car Finance To Be Repaid

This is when a vehicle is purchased and a percentage of the loan has to be repaid at the end of the term as a balloon payment.

For more info feel free to contact Carfin Call centre @ 0861227346

Fixed and Linked Interest Rates For Car Financing

A Fixed interest rate will mean that whatever rate we quote that the percentage amount will stay fixed for the period of the loan no matter how much the prime lending rate fluctuates.

Linked interest rate will mean that as the prime interest goes up or down so will your rate move as well.

Deposits required

No deposit is needed in most cases we will try to have you approved on that basis if you so wish, however it’s always advisable to give a deposit to make the car loan amount less.

In the event that we might require a deposit it will be explained by our business managers as to why this was needed.

Models(Age) Financed

No car model older than 10 years will be financed so Carfin will only consider vehicles aged between 2002 -2012