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Once you submit your application you should receive a preliminary approval within 15 minutes or less. Sometimes we'll need additional information from you, or we'll need to inspect your vehicle in person. As soon as you receive approval and sign the loan agreement, you can expect to receive cash for your car within one business day.

079-740-4156

Our assessments are done free of charge — so give us a call today!

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Prefer to chat? Send us a WhatsApp message and one of our consultants will get right back to you.

How Much Cash Can I Get?

Requirements: vehicle fully paid for and in your name in order to qualify for a loan.

Important Loan Disclosures

APR

36%

The Annual Percentage Rate (APR) on our loans is 36%. This is an all-inclusive rate that covers the interest rate, the once-off initiation fee and monthly service fees.

Repayment Terms

3–24 months

The minimum repayment period is 3 months and the maximum repayment period is 24 months. There are no penalties for early settlement.

Fees

Apart from the once-off initiation fee and the monthly service fee, the only additional fee is credit life insurance — and it applies only if you do not already have valid credit life cover in place. There are no other hidden fees or charges of any kind.

Illustrative Example

Client borrows R10,000 over12 months at our all-inclusive APR of 36%:

Loan AmountRepayment PeriodTotal InterestInitiation FeeMonthly Service FeeMonthly InstalmentTotal Cost of LoanTotal RepayableAPR
R10,00012 monthsR835.44R500.00R60.00R1,004.62R2,055.44R12,055.4436%

All figures are for illustration purposes only. The monthly instalment includes the monthly service fee, with the once-off initiation fee financed as part of the loan. Actual rates and fees are determined by an individual affordability assessment and will be confirmed in your pre-agreement statement and quotation before you sign.

APR & Loan Period

Our Annual Percentage Rate (APR) is 36% — an all-inclusive rate covering the interest rate, the once-off initiation fee and monthly service fees. Repayment terms range from a minimum of 3 months to a maximum of 24 months.

Renewals

All accounts may be renewed if they are up to date.

Collection

All payments are made via EFT or direct deposits to Cash Quick Auto. There are no debit orders. Apart from the initiation and monthly service fees shown above, the only additional fee is credit life insurance — and only if the borrower does not already have valid cover in place.

Non-Payment

Non-payments may result in the matter being escalated.