A Suzuki Mobility Finance installment sale, allows you to buy your vehicle by paying installments over an agreed period. Once you’ve paid the full amount, ownership automatically passes to you. Periods may range from 12 to 60 months or longer dependant on your requirements. You may structure an installment sale with a balloon payment which has the net effect of reducing the monthly repayment.
Interest is calculated at either fixed or prime-linked rates.The goods must be fully insured during the agreement.
The benefits of choosing this agreement are:
Leasing a vehicle with Suzuki Mobility Finance gives you the right to use it for an agreed period, ideally between 12 and 60 months during which time you pay rentals.
At the end of the term, you can return the goods, acquire ownership or extend the lease. Balloon payments can also be included to make the vehicle more affordable.
The benefits of leasing accrue mainly if you’re using the item for business, or for the generation of income.Lease re-payments can be claimed as expense against taxYou don’t need to own the asset to use it
This is like a normal rental except it includes vehicle maintenance. The vehicle however is handed back at the end of the rental period and cannot be automatically owned. It will be your responsibility to ensure that the vehicle is kept in good condition, fully maintained and is driven within any agreed kilometer restrictions. To suite your pocket and personal requirements a residual value may be negotiated. Residual values are dependant on the rental term, make and model of the vehicle.
If the agreed kilometers are exceeded you will be required to pay for the additional usage. Most kilometer restrictions are pegged at 25 000 kms per annum.Periods ideally range from 12 to 60 months or longer dependant on your requirements.Interest is calculated at either fixed or prime-linked rates.VAT is charged monthly and not on the full purchase price at inception.The goods must be fully insured during the agreement.
The benefits of renting accrue mainly if you’re using the vehicle for business, or in the generation of income:
Insurance OptionsA vehicle is one of your most expensive assets, so we at Suzuki Mobility Finance offer a range of insurance, warranty and personal insurance options to give you peace of mind so that you and your vehicle are covered against the risk of loss or damage.You should carefully consider the benefits of the following insurance / warranty options:
We will help you arrange insurance cover with your selected insurer if you have not already got cover. If you have your own insurer just let us know the details. All vehicles acquired under a credit agreement have to be insured as this protects both you and us in the event of damage or total loss of the vehicle.
CoverPlus is specially designed as an extension to your motor comprehensive policy. It gives an additional cover in the event of unintentional violation of the underlying policy and a Shortfall benefit. It also provides a cover called Bodyline Maintenance which covers minor accidental damage falling within the underlying policy’s excess.
Should your comprehensive insurer reject your claim due to an unintentional violation of certain policy conditions, you can claim under the CoverPlus policy.
We will protect you against a possible shortfall arising between your comprehensive insurance settlement and the balance owing to the Credit Provider.
Where the vehicle suffers minor damage and the total cost of repairs is less than the excess payable in terms of the motor comprehensive policy, the vehicle may be repaired under this section of the policy.
Shortfall and Violation
The Sum insured or the market value of the vehicle, whichever is the lesser, or the statutory settlement balance, whichever is the greater, but limited to a maximum of R500 000.Bodyline Maintenance.The maximum liability for this benefit shall not exceed R1500.00 per claim.
For your peace of mind we offer a Customer Protection Plan which settles your outstanding loan balance in the event of your death, permanent disability or certain dread diseases. It also provides limited cover in the event of temporary disability and retrenchment.Of course, you’re free to substitute the Personal Protection Plan with a policy of your choice, providing the cover offered is equivalent.
Our vehicle warranty products provide mechanical breakdown cover after a manufacturer or dealer warranty expires. It provides cover on items such as engine, gearbox, differential, steering and braking system, etc to certain limits depending on the age of the vehicle and mileage done.
The application process
This describes the application process and the information that will be necessary to complete the application.When completing the application form you will need to provide the following information:
Take control of the annual budget. Take a break from your monthly payments and enjoy the freedom to use the money where and when you need it most.
Take-A-Break offers you the following: