Vehicle Finance & Insurance at South Auckland Motors
Welcome to South Auckland Motors, your trusted partner for automotive finance & Insurance solutions tailored to meet your personal and business needs. With our commitment to providing competitive rates and a hassle-free process, we make securing financing for your vehicle a seamless experience.
At South Auckland Motors, we understand that finding the right financing option can be overwhelming. That’s why we’re here to simplify the process and guide you every step of the way. Regardless of whether you are considering a brand new or quality used vehicle, our dedicated team of experienced finance & Insurance specialists are ready to assist you in finding the perfect financing solution that aligns with your budget and goals. We work with a network of trusted lenders to ensure that you get the most competitive rates possible, saving you time and money, and endeavour to provide approvals for the majority of applications within 24 hours of their submission, seven days a week.
It is also important that we help protect you in the event the worst happens. A full range of Insurance Options are available for you to review and purchase to compliment your vehicle and loan, providing you with protection for the unexpected.
Outlined below are details of the finance and Insurance options we offer. Contact us or visit one of our locations to speak with one of our finance & Insurance experts and discover how easy and stress-free securing automotive financing can be.
Experience the South Auckland Motors difference today and let us help you drive away in the vehicle of your dreams!
A brief summary of our finance solutions
Consumer Credit/Business Finance
Commonly referred to as “hire purchase”, a Credit Agreement is the simple and traditional path to financing vehicle ownership. Easy to arrange and with flexible terms to suit your needs, owning your new or used vehicle from South Auckland Motors has never been so convenient. Available from no deposit, our Credit Agreements are flexible with repayment terms between 6 and 84 months. Payments can be structured to suit your individual needs, with your cashflow and budget taken into consideration.
Assured Future Value Finance
Available on our new vehicle range, with Assured Future Value (also known as “Guaranteed future value”), you’ll have a flexible finance solution that gives you peace of mind from the moment you get your new vehicle. And your next one. Not only will you have the certainty of low fixed repayments, you’ll also have three great options (renew, retain, or return) at the end of your agreed term. It all means you can enjoy a new vehicle more often.
How does it work?
- Select a Model
- Choose a Term (Ford maximum 4 years, Mazda maximum 5 years)
- Agree on the Kilometre Allowance so you only pay for what you use (maximums apply)
- Choose a Deposit Amount (from no deposit)
- We Calculate the Assured Future Value & your repayment
This means your regular repayments will be less, as your repayments don’t include the future value (the payments are based on the cost of the car minus the deposit amount and assured future value).
Finance Lease (Lease-To-Own) & Operating Lease
Finance Lease is often a preferred method of financing for businesses and GST registered individuals. Finance Lease allows purchasing the vehicle of your choice without diverting valuable working capital from your business. Lease terms can vary between 12 and 60 months and residual values and monthly rentals are negotiable.
Operating Lease is a popular choice for corporates. At the end of the lease you simply return the vehicle and drive away in a new model. There is no residual liability. Monthly rentals are usually 100% tax deductible. You can also have the option of a full maintenance package built into your monthly rental.
FINANCIAL ADVICE DISCLOSURE STATEMENT
Please note that any recommendations given to you about your loan and any associated insurance product are not regulated financial advice. We are required to provide every customer with a Prescribed Disclosure Statement prior to proceeding with a loan application. The statement is:
“You are protected by responsible lending laws. Because of these protections, the recommendations given to you about this loan are not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licenced.”
Our Finance Partners
A brief summary of our Insurance solutions
Extended Warranty/Mechanical breakdown insurance
Buying a new or used vehicle represents a major investment, so it’s wise to protect your vehicle against sudden or unforeseen mechanical or electrical/electronic failure. While standard vehicle insurance might cover theft and damage from accidents, Mechanical Breakdown Insurance (sometimes referred to as “Extended Warranty”) provides peace of mind that you’re covered for unexpected (and potentially expensive) mechanical repairs. If your vehicle is still covered under Manufacturers warranty, the extension will take effect from the expiry date. 2 and 3 year options are available, and include Roadside Assist for the term of the cover.
Motor Vehicle Insurance
Private and business available. Ask us for a quote!
Payment Protection Insurance
Whilst you may be fit and healthy today, with steady income and a secure future, unexpected events can very quickly change your situation. Subject to your policy t’s & c’s, Payment Protection Insurance covers you and your family by covering your regular loan repayments in the event of you being off work due to an accident, illness, bankruptcy, hospitalisation or income disruption (redundancy, suspension due to industrial action, business interruption). It also has a death benefit which pays the outstanding balance of the credit contract in the event of death during the policy term. Single or joint cover options are available, and the cost can be conveniently included in your loan repayments if you prefer.
Guaranteed Asset Protection (GAP Insurance)
When purchasing a new or used vehicle, it’s wise to protect yourself against the unfortunate event of your vehicle being stolen or written-off as a total loss and the vehicle insurance payout falling short of clearing your outstanding loan balance.
This shortfall can occur in two situations:
- If you have financed your vehicle: The difference between the amount received for your insurance pay-out and the balance outstanding on your credit contract, or
- If you paid cash for your vehicle: The difference between the amount received for your insurance pay-out and the original purchase price you paid for your vehicle.
GAP Insurance has been designed with exactly that in mind – to help pay the difference (the gap) between what your comprehensive vehicle insurance policy pays out and the balance you owe under your finance contract, or the original purchase price you paid for the vehicle.
FINANCIAL ADVICE DISCLOSURE STATEMENT
Please note that any recommendations given to you about your loan and any associated insurance product are not regulated financial advice. We are required to provide every customer with a Prescribed Disclosure Statement prior to proceeding with a loan application. The statement is:
“You are protected by responsible lending laws. Because of these protections, the recommendations given to you about this loan are not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licenced.”