MFC car finance is one of the ways that you can keep your motor vehicle, or purchase a new one without borrowing money from your ordinary bank or lending company. In South Africa cars are incredibly expensive because very few brands are actually wholly produced here. This means that the average South African has to scrimp and save to get a bottom of the range car, and doesn’t have many options when it comes to moving up in the world. With MFC you can use an easy calculator to work out what you can spend every month, and make sure that you can afford the car of your dreams. It’s not money for nothing, because you will have to make repayments, but it can mean that you can upgrade your car to something you would prefer to drive.
The Motor Finance Corporation (MFC Car Finance) is part of the Nedbank group and concentrates solely on providing finance for cars. They are a company that is led by the goal of empowering all those who come into contact with them, rather than being a company that simply takes money for nothing. They have started investing back into the communities in South Africa using their corporate social responsibility initiatives which means that if you end up borrowing money from them, they will use whatever profits they make to allow the community around them to grow. They provide options, both for you and the lender, which is more than most lending institutions.
You are not going to be able to borrow more money than you would at a regular financial service provider, but you might find that the terms and conditions of your finance with MFC are more favourable to a sustained partnership. Their website is extremely informative and is really changing the way that car finance in South Africa is dealt with.