Driver and vehicle fitness are important requirements for road users to share the roads safely.
Vehicle owners should be enabled to make informed decisions on the roads daily, not only with regards to safely driving their vehicles but also on how to acquire, finance and insure those vehicles!
Decisions around vehicle asset finance might appear as a challenge/ threat for many road users. We decided to assist prospective and existing vehicle owners by approaching the experts on vehicle asset finance from Standard Bank and raise questions that may help us to better understand vehicle asset finance.
Questions and Answers: Vehicle Asset Finance Explained
1. What is vehicle finance?
Vehicle finance is an agreement between a bank and a customer which enables the person to take delivery of a car and then pay the bank back for the vehicle over an agreed period of time. The terms of this arrangement can extend up to six years.
At Standard Bank, we partner with our customers...
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