PRIVATE CAR FINANCE
Buy privately with confidence, safety, and full support.
Finance a Car Privately — Without the Risk
Buying a car privately can be exciting — the prices are often better, the options wider, and the deals more flexible than what you find at traditional dealerships. But with great deals can come great risks.
When you buy from a friend, a family member, or a private seller, you don’t get the same legal protection you’d receive from a dealership. There’s no warranty, no comeback if something goes wrong, and no guarantee the car is mechanically sound or even legally clear.
That’s why Private Car Finance (or Private Vehicle Finance) requires an expert by your side.
At MY OWN FINANCE, we make private purchases safe, guided, and stress-free. We help you verify the vehicle, ensure it’s legally clean, protect your money, and secure the best possible finance deal — without the risk.
WHY CHOOSE PRIVATE VEHICLE FINANCE WITH US?
End-to-End Finance Support - We Handle Everything For You
Lower Your Monthly Instalment
Refinancing your vehicle allows you to reduce your installment by extending your loan term, lowering your interest rate, or both. It’s one of the easiest ways to get breathing room in your budget.
Access Instant Cash
If your car’s retail value is higher than your current loan balance, you can refinance it and receive the difference as cash. Many clients use this to pay off debt, build an emergency fund, or catch up on essential expenses.
Reduce Your Interest Rate
If your original interest rate was high, refinancing can lower it — saving you thousands over the lifetime of your loan.
Keep Your Car, Even When You’re Under Pressure
Refinancing can help you avoid downgrading or giving up your vehicle. You don’t have to lose what you love just because things are tight.
Manage or Remove Balloon Payments
If a balloon or residual payment is coming due, refinancing can help you restructure or settle it without draining your savings.
From application to approval, we handle everything —
negotiations, paperwork, comparisons and finance structuring.
You get a hassle-free, transparent process from start to finish.
HOW PRIVATE CAR FINANCE WORKS
Buying a car privately should feel empowering — not risky.
We guide you through a safe, step-by-step process:
Step 1: Complete Our Quick Online Application
Tell us the car you're looking at, your income details, and the seller type (friend, family, private seller).
Step 2: We Verify the Car & Seller
To protect you, we help verify:
Ownership
Seller legitimacy
Settlement status with bank
Accident history
Mileage consistency
Roadworthiness
Outstanding issues or risks
This alone can prevent thousands of rands in potential problems.
Step 3: We Secure the Best Finance Deal
We compare banks and negotiate on your behalf to secure:
The best interest rate
The lowest instalment
The most affordable structure
Optional value-added protections
Simple, guided, and transparent.
Step 4: We Handle All the Paperwork
We prepare the finance contracts, communicate with the bank, and coordinate payment between you and the seller.
Your role? Approve and sign. Easy.
Step 5: Drive Away With Confidence
Once everything is approved and the funds are released, the car is yours —
safely, legally, and without surprises.
The Benefits of Financing a Car Privately
Lower prices than dealership listings
Safer, verified transactions
No pressure from salespeople
Full guidance from start to finish
Best interest rates across banks
Transparent finance terms
Increased peace of mind
Access to vehicles not advertised by dealers
Buying privately shouldn’t mean buying blindly.
With us, you get affordability + protection — the best of both worlds.
STILL NOT SURE?
Frequently Asked Questions
Question 1: What exactly is private car finance?
It’s vehicle finance for cars purchased from private individuals — not dealerships. We help you finance the car safely and affordably.
Question 2: Is buying a car privately risky?
Yes, if you do it alone. Private sales don’t come with legal protections. We reduce that risk by verifying the car and guiding the entire process.
Question 3: Can I finance a car I buy from a friend or family member?
Absolutely. Private car finance covers all non-dealership purchases, including friends, family, and strangers.
Question 4: Can you help me check if the car is legitimate?
Yes! We verify ownership, accident history, settlement status, and more — ensuring you don’t get caught in a bad deal.
Question 5: Which banks do you work with?
We work with all major banks and finance partners to secure the best rate and structure for your budget.
Question 6: Can I get pre-approved before choosing a car?
Yes — and it’s recommended. Pre-approval helps you negotiate better and shop with confidence.
Question 7: How long does private vehicle finance take?
Most approvals take 24–48 hours once all documents are submitted.
Question 8: What documents do I need?
Typically:
SA ID
Latest payslip
3 months’ bank statements
Proof of address
Additional docs may be needed for seller verification.
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Disclaimer: MY OWN FINANCE is an independent vehicle finance facilitator. We are not a bank or credit provider. All finance approvals, interest rates, instalments and terms are subject to the credit assessment policies of South African banks and authorised finance partners. Calculators and website tools provide estimates only and do not constitute financial advice or a final offer.
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Terms: All services are provided in accordance with our Terms of Service, including the use of third-party banks, credit bureaus and compliance partners.
Regulatory Compliance: Our processes follow FAIS, FICA, and South African consumer finance guidelines. Final loan terms and approvals remain at the discretion of authorised financial institutions.