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Vehicle History Checkcar finance

Why is a Vehicle History Check important for any prospective buyer to do before purchasing a vehicle?  Consider the following chilling statistics about vehicle crime in South Africa:

  • Combined, all the vehicle-related crime in South Africa is worth around R25 billion per year
  • Around 50 percent of stolen vehicles are re-sold in the local market through the illegal modification of the vehicle's identification details and these are then re-legitimised through the vehicle licensing and registration processes
  • Around 30 percent of stolen vehicles are exported illegally through air, land and sea ports of entry or exit across South African borders
  • Around a fifth of stolen vehicles are “chopped” (dismantled into components or parts for resale in the second-hand vehicle market)

For only R199.95 Refin Cars offers you a vehicle history check that will reveal the following details about the vehicle you want to purchase:

  • Whether there is any money outstanding on the vehicle at any bank or financial institution
  • The true mileage of the vehicle
  • Whether the vehicle is listed as being stolen
  • The original colour of the vehicle
  • Whether the engine and VIN (chassis number) corresponds to the original manufacturer's data
  • The correct year model of the vehicle.



Long-Term Insurance

car financeMost people take out insurance of some type.  You pay a monthly premium and in return, you are covered over the short term against all manner of damage, loss, liabilities and other risks. What about long term insurance?

Vehicle insurance is another type of short-term insurance, covering you against accident damage, third party damage and theft.

However, there are also several types of long-term insurance, which you can also obtain with the help of Refin Cars. We are in partnership with some of South Africa’s leading insurance companies that can offer far more than just  short-term insurance.  Many types of long-term insurance policies are available and these include insurance products like dread disease, life, disability, income protection and many more.

Contact Refin Cars today for vehicle refinancing, extended warranties, and credit shortfall insurance. We can also help you with short-term insurance and long-term insurance through the services of one of our partners by acting as the middle man and getting the right kind of insurance cover to suit your needs.


Short-Term Insurance

car financeMany long- and short-term insurance products are available today.  The typical long-term products include policies like life, dread disease, disability and income protection policies.

On the other hand, short-term insurance can cover you against damage, loss, liabilities and other risks.  Your premium is usually determined by taking into account your risk profile.  Factors influencing your risk profile include age, gender, security measures, your area of residence, your claims history, and the insured items and their value.  You pay a monthly premium and in case of loss or damage of the insured items, you are compensated in terms of the conditions of your policy.

Although Refin Cars can offer you products like credit shortfall insurance, vehicle refinancing and extended vehicle warranties, we can also offer you assistance with long- and short-term insurance. Refin Cars is in partnership with leading insurance companies and can hereby give you a helping hand to get the right insurance cover for your requirements.


Adcover Credit Shortfall Insurance

car financeA vehicle is usually written off by the underlying insurer under the following conditions:

  • If it has been stolen and not recovered
  • If it has been damaged beyond economical repair

In such a case, your claim will be settled in terms of the underlying policy and normally the settlement amount would always be deemed to be at least the current Market Value at the time of the loss.  However, from this value the excess amount has to be deducted as well.  Especially early in the life of the vehicle loan, it may very well be – taking into account the finance interest – that the amount your insurer pays out is less than what you still owe on the vehicle.  Refin Cars Adcover Credit Shortfall Insurance is designed to cover this shortfall and will pay the Statutory Settlement Balance less the deductibles and the motor comprehensive excess.


Tracking Recovery Systems

car financeMost vehicle insurance policies require the buyer of the vehicle to install a tracking device, especially in the case of more expensive and high-risk vehicles. 

The tracking recovery system comprises a hidden GPS unit to transmit the vehicle's position once it has been stolen, assisting the recovery company, insurer or police to find the vehicle, usually in relatively short order.

With Cartrack, a vehicle is located within 22 seconds on average.  More than just a mere tracking device, it’s an intelligent recovery solution that promises to give you peace of mind. For this reason we endorse the use of Cartrack. In fact, we suggest you have it installed in your vehicle when you refinance it with us. In association with our partners, we can help you arrange the installation of a cutting edge Cartrack system.