Get vehicle or asset finance

We make private sales a breeze

Should you be buying your vehicle directly from its owner, MFC will ensure you a safe and guided experience by partnering with approved service providers who are seasoned in facilitating a safe and secure sale.

We'll help you buy from a private person by:

• handling the administration, verification, and re-registration of the vehicle
• ensuring that the multipoint check and roadworthiness test are done by the seller
• ensuring that payment is made to the seller or other finance house
• ensuring that the vehicle has an existing warranty (or helping you to buy one)

What you need know

• The seller must make sure that all outstanding licence fees and traffic fines have been paid.
• The seller must remove personalised number plates before finalising the transaction.
• Once the new NaTIS document has been received, we'll send you a completed Application for Licensing of Motor Vehicle (ALV) form by email so you can license your vehicle. Remember to license your vehicle within 21 days of receiving the ALV.

Documents we'll need from you as the buyer

• A copy of the front and back of your valid South African ID
• A copy of the front and back of your valid South African driving licence
• Proof of residential address, registered in your name and not older than 3 months
• Proof of your income not older than 3 months
• Your latest 3 months' stamped bank statements
• Vehicle details, including the seller’s name and surname and their cell phone number

Documents we'll need from the seller 

• A copy of the front and back of their valid South African ID
• Proof of residential address in the seller’s name not older than 3 months
• The settlement letter if the vehicle is financed
• A copy of the vehicle registration document
• If the vehicle is paid up the original vehicle registration document and signed notification of change of ownership (NCO)
• Proof of purchase of the vehicle (from the seller)
• Proof of banking details (cancelled cheque or bank statement)
• A roadworthiness certificate and a technical inspection report. Call us on 0860 111 159 or send an email to p2pnewbus@mfc.co.za to arrange an inspection at the nearest DEKRA or another MFC-approved vehicle inspection centre.

You can upload or email these documents to us during the application process, or after you have completed the application.

For help with company-deal applications, call us on 0860 111 159.

Easy solar finance

MFC offers seamless and easy finance for buying and installing solar in your home, with competitive interest rates and flexible repayment periods.
 

• Choose high quality solutions from approved suppliers
• Get a needs analysis and quote
• Get finance over a period of up to 96 months at a competitive interest rate with MFC, a division of Nedbank
• Protect your system with dedicated alternative energy insurance
• Apply quickly and easily online

Switch your existing vehicle finance to MFC

We make it easy for you to move your vehicle finance to MFC.

How we can help

• We handle all administration, verification, and registration of the vehicle.
• We ensure the multipoint check and roadworthiness test are completed.
• We settle your account by making payment to your previous finance provider.
• We offer assistance with a warranty extension or help you buy one.

What you need to know

• You must be a South African citizen with a valid ID.
• The vehicle must not be older than 10 years.
• You must have a valid South African driving licence with no endorsements.
• The minimum finance amount is R50,000.
• We will conduct a credit check with registered credit agencies.
• The vehicle must not have been rebuilt, built up, or classified as stolen or recovered (code 3).

Documents you’ll need

• Settlement letter from your current finance provider (must not be expired)
• Vehicle registration document (Natis)
• A copy of the front and back of your valid South African ID
• Proof of residential address registered in your name and not older than 3 months
• A copy of the front and back of your valid South African driving licence
• Proof of your income not older than 3 months
• Your latest 3 months’ stamped bank statements
• Proof of comprehensive insurance

From our preferred roadworthiness centres

• Roadworthy certificate
• Technical inspection report

You can upload or email these documents to us during the application process, or after you have completed the application.

Flexible finance options

MFC offers a variety of finance options tailored to suit your lifestyle and financial goals.

Balloon payment option

This option allows for lower monthly repayments, with a lump sum (balloon payment) due at the end of the finance term.

• Maximum balloon amount: 
  Up to 35%, depending on the year, make and model of the vehicle, and finance term. Terms and conditions will apply.
  
  
• End-of-term options:
  • Refinance the balloon amount (subject to terms and conditions).
  • Sell the vehicle.
  • Pay the balloon amount in full and take ownership of the vehicle.

Interest rate options

Choose the rate structure that best suits your financial strategy:

• Linked-rate option
  Your repayments fluctuate with changes in the prime interest rate. If the interest rate increases, your repayments will increase accordingly. If the interest rate decreases, you will benefit from lower repayments.

• Fixed-rate option
  Enjoy the peace of mind of consistent repayments throughout your finance term, regardless of interest rate changes.