Stress-Free Chery Vehicle Finance from Thorp

As one of the leaders in the motoring industry, our highly qualified and leading Finance & Insurance (F&I) Managers ensure that when you buy a vehicle from us, you buy a vehicle that fits your budget.

Thorp Chery » Vehicle Finance

Vehicle Finance Services We Offer

Your Chery journey starts here! At Thorp Chery Table Bay, we’re passionate about making your dream of owning a Chery a reality. Whether you’re exploring new or secondhand car finance options, our team is dedicated to finding customised vehicle finance solutions that put you in the driver’s seat.

We understand that navigating car finance can feel overwhelming. That’s why we offer expert guidance from how financing a car works and how to qualify for car finance, to understanding car finance interest rates and requirements.

Let us simplify the process and empower you with the knowledge you need to make informed decisions. And, with our convenient vehicle finance calculator, you can estimate your payments and tailor a plan that fits your budget.

More about Vehicle Finance from Thorp Chery in Cape Town

We know car finance can feel complicated. We’re here to demystify the process and answer your questions:

How do I check if I qualify for vehicle finance?

Start your journey by using our quick online pre-qualification tool at the bottom of this page, or contact our friendly finance specialists for a personalised assessment. We’ll look at your income, credit history, and desired Chery model to give you an idea of your eligibility.

How does financing a car work?

Car finance lets you spread the cost of your Chery over a set period. We work with various banks to secure the best deal for you. Think of it as a loan designed specifically for buying your dream car.

Does financing a car hurt your credit report score?

Responsible car finance can actually improve your credit score! By making regular on-time payments, you demonstrate financial reliability. We’ll guide you through the process to make sure your credit benefits.

How much must you earn to qualify for vehicle finance?

While there’s no single income requirement, most lenders look for a stable income that allows for comfortable repayment. Our team will work with you to find a financing plan that matches your individual budget.

Can I get financing for a second-hand car?

Yes! At Thorp Chery, we offer financing options for a wide selection of quality pre-owned cars, including Chery models and other popular makes. Whether you’re looking for a nearly-new vehicle or a budget-friendly option, our finance team can help you find a solution.

See our comprehensive FAQ at the end of this page for more details.

Important Things to Know for Vehicle Finance

Interest Rates: Interest rates on car finance vary based on your credit profile and market conditions. We are committed to finding you the most competitive rate possible, making your Chery even more affordable.
Balloon Payments: Want lower monthly instalments? Ask us about balloon payment options. This allows you to make a larger final payment, giving you flexibility throughout your finance term.
Repayment period for car finance: Choose a repayment period that works for you, typically ranging from 12 to 72 months. Longer terms lower your monthly payment, while a shorter term reduces your overall interest cost.

How to Apply for Vehicle Finance?

Ready to get started? There are two easy ways:

Visit our Thorp dealership at Chery in Table Bay Mall and speak to a finance specialist in person.
Fill out our quick online application form and we’ll be in touch!

Why Choose Thorp for My Vehicle Finance?

We know car finance can feel complicated. We’re here to demystify the process and answer your questions:

Personalised Service: We understand that every customer is unique and tailor our solutions to your specific car finance requirements.
Competitive Rates: We partner with various lenders to ensure you get the best possible deal on your Chery.
Stress-Free Process: Our dedicated team will handle the paperwork and make the financing process as smooth as possible.
Chery Specialists: Our deep knowledge of Chery models helps us secure financing that perfectly complements your chosen vehicle.

Vehicle Finance Calculator

Before you apply, you can get an estimate of your potential monthly payments with our easy-to-use vehicle finance calculator at the bottom of this page. Experiment with different values to find a plan that suits your budget.

Don’t let financing hold you back. Get in touch with Thorp, your trusted Chery dealer in the Western Cape, and let’s make your dream a reality

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Our Fleet Connection

As one of the most reputable and largest suppliers to most of the largest vehicle fleets in Southern Africa, we can confidently say that we have passenger and light commercial vehicles which can suit any business needs.

We make purchasing a fleet of vehicles so easy and convenient for you. No matter how big or small your fleet size, simply contact one of our Fleet Representatives and they will schedule an appointment to come out and see you.

CHERY Vehicle Finance FAQs

Looking for more questions about Finance. Feel free to contact us for all your financing questions or to help you apply

What are my vehicle financing options?

What is the minimum income for car finance?

The minimum income for car finance in South Africa varies depending on the lender. However, most lenders will require a minimum monthly income of R6,500. Some lenders may require a higher income, depending on the type of car you are financing and the amount of money you are borrowing.

In addition to meeting the minimum income requirement, you will also need to have a good credit score in order to qualify for car finance. A good credit score shows lenders that you are a responsible borrower and that you are likely to repay your loan on time.

If you do not meet the minimum income requirement or you have a poor credit score, you may still be able to qualify for car finance. However, you may need to pay a higher interest rate or you may need to put down a larger deposit.

However come down to a Thorp Haval Dealership and let’s help you get the Haval or GWM of your dreams

What is the interest rate for car finance?

The interest rate for car finance in South Africa varies depending on the lender, the type of car you are financing, and your credit score. However, most lenders charge an interest rate of between 9% and 15%.

Some lenders may offer lower interest rates to borrowers with good credit scores or borrowers who are financing a new car. Other lenders may offer higher interest rates to borrowers with poor credit scores or borrowers who are financing a used car.

You can use a car finance calculator to estimate how much your monthly repayments will be, based on the interest rate and the amount of money you are borrowing.

What is the repayment period for car finance?

The repayment period for car finance in South Africa typically ranges from 12 to 72 months. However, some lenders may offer longer or shorter repayment terms, depending on your individual circumstances.

It is important to choose a repayment period that is affordable for you. A shorter repayment period will mean higher monthly repayments, but you will pay less interest overall. A longer repayment period will mean lower monthly repayments, but you will pay more interest overall.

What is the deposit required for car finance?

The deposit required for car finance in South Africa varies depending on the lender, the type of car you are financing, and your credit score. However, most lenders will require a deposit of between 10% and 20%.

Some lenders may require a higher deposit, depending on the type of car you are financing or if you have a poor credit score. Other lenders may offer lower deposit requirements for borrowers with good credit scores or borrowers who are financing a new car.

A larger deposit will reduce your monthly repayments and make you more attractive to lenders. It is also a good idea to have a larger deposit saved up so that you can afford to buy a more expensive car or buy a car with more features.

If you do not have enough money saved up for a deposit, you may be able to get a loan to finance your deposit. However, you should be aware that this will increase the overall cost of your car loan.

Visit Thorp Chery today and let us help you get the Chery of your dreams

What is the balloon payment for car finance?

A balloon payment is a large, lump-sum payment that is made at the end of a car finance term. It is typically equal to a percentage of the original purchase price of the car, and it can range from 20% to 50%.

Balloon payments are often used to make monthly repayments more affordable. However, it is important to remember that you will still need to pay the balloon payment at the end of the term. If you are unable to pay the balloon payment, you may need to refinance the loan or trade in your car.

How do I apply for vehicle finance?

Come visit us at one of our Chery Car Dealerships and we will help provide you with everything you need to apply for finance, or visit the vehicle finance page for more information

Disclaimer All calculations made on calculators supplied on this site, together with rates quoted, are guidelines only and are subject to confirmation at the time of finalising any transactions. All information regarding the products, fees and/or costs which are included innand form a fundamental basis of the calculations are subject to change at any time prior to a final pre-agreement quote being handed to the User.

The User indemnifies the Thorp Motor Group against any loss or liability, which the User may suffer as a result of the use of any calculator. The site and all information provided on this site and the services provided on this site, are provided “as is”. The information provided on this site should not be treated as professional advice of any kind.

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