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Installment Agreement
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.
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Residual Purchase
The vehicle is purchased and a percentage of the loan has to be repaid at the end of the term as a balloon payment. The residual payment amount will depend on the age of the vehicle and the finance term.
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Refinancing
By refinancing your vehicle through the bank you can save by lowering your monthly vehicle installments by financing the outstanding amount over a longer period of time and possibly getting a lower interest rate if you qualify for vehicle finance.
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Financing Options
Financing Solutions
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Making Your Dreams a Reality
Interested in learning more about our financing options? Carousel Motor Group provides solutions catered to your needs, while guiding you along every step of the purchasing process. Consult with one of our team members about your personalized financial options, and make buying the vehicle of your dreams come true.
