Sell and Drive

SELL AND DRIVE WITH WHEELFIN

What is sell and drive?

Sell and drive is a new innovative solution. It’s similar to pawn and drive, that gives you quick access to cash by using your car as collateral. It enables clients to obtain a cash amount against the value of their vehicle, while still retaining use of their vehicle. The cash amount that the client qualifies for is dependent on the market value, and condition of the vehicle. Monthly payments is typically determined by the loan amount required and the loan period.  Sell and drive your car, or pawn and drive, allows you to obtain the funds you require in a timely manner. The whole process, including inspection of the vehicle, drawing up of the contact, and tracker installation, takes 30 min flat.

What makes sell and drive a good option?

Sell and drive your car is a great option if you need money for an emergency. Or even if you just need a short term loan to provide you with emergency cash flow. With sell and drive you don’t have to go through a long tedious application process. Nor do you have to worry about your credit score, as the vehicle serves as collateral for the loan amount. 

Sell and drive

CONSIDER THE FOLLOWING

THE ADVANTAGES OF SELL AND DRIVE

SELL AND DRIVE

WHAT IS SELL AND DRIVE?

Sell and drive is similar to pawn and drive with the difference that with sell and drive the company buys the vehicle outright from the client. However, still giving you the option of buying the vehicle back from the company at the end of the loan term. The client remains as the owner of the vehicle and still drives it, whilst the company is registered as the title holder. Similar to conventional bank financing solutions, the owner is restored as the title holder after the loan period has been completed. The company  offers a unique program that allows clients to use their own vehicle as security. This is in order to obtain a cash amount upfront, whilst still driving the same vehicle.

WHY IS SELL AND DRIVE A GOOD IDEA?

It’s a great option for those who need quick access to cash while keeping their car. Under the program, the value of the vehicle is determined and then the car is purchased from the client for that amount. The client then enters into a rental contract with the company, meaning they rent the same vehicle from the company over a fixed period of time. At the end of the rental period, the vehicle is transferred back into the client’s name at no additional cost. This is an effective way to get the cash you need without having to give up your car.

WHEN YOU ARE DONE WITH THE PAYMENTS

You, as the client, has essentially paid off the vehicle by means of monthly rental payments. Your vehicle is then transferred back into your name at no additional cost and you are restored as both the owner and title holder of the vehicle. The monthly rental is a fixed amount. It includes third party insurance and a tracker. This type of agreement is therefore very advantageous to the client as it offers a number of benefits. This means that the client does not have to worry about any increases in monthly payments. You also get the additional security of a tracking device. 

SELL AND DRIVE APPLICATION

USE YOUR CAR AS COLLATERAL TO RAISE MONEY

Sell and Drive Cape Town

Use your vehicle as security to get a quick loan whilst still driving it