Benefits
1) Discounts on Financing Rates
The finance rate you qualify for will vary across a wide range based on a number of factors. A few of these factors are:
- The value of the loan granted.
- The deposit paid on the vehicle.
- Whether finance is granted with a residual value.
- The credit worthiness of the applicant.
We try to get the best possible rate for you as a SAICA member. You will generally get a rate at least 0.25% better then the average applicant.
Remember there are better rates available elsewhere in the market but one has to always assess those rates in the context of the entire deal that is being offered to you; hence we offer our little bit of common sense earlier in this website.
Generally, electing a residual value will result in a lower financing rate.
Remember that a residual value will result in you paying more effective interest on the loan over the period of the loan, than if you had not elected a residual value.
Residual values for SMVPS participants could be as high as 40% of the price of the vehicle. A 40% residual will not always be possible under all circumstances but it is a significant benefit for SMVPS participants that are able to meet the necessary criteria for such a high residual.
Please take time to research the SMVPS and alternate offerings. You will find the SMVPS to be extremely competitive.
2) Special Discounts on New Vehicles
Special ongoing or periodic discounts are available to SMVPS participants from a host of vehicle providers, the most significant being Barloworld and ABSA’s dedicated vehicle sourcing unit.
There are numerous deal permeations available.
All deals are only available if administrated by H & H Corporate Services (Pty) Ltd on behalf of the SMVPS.
Please feel free to enquire about the “Special Discounts on New Vehicles” with H & H Corporate Services (Pty) Ltd during trading hours.
- Ongoing Discounts on New Vehicles
These discounts are available across a wide range of vehicle brands and vehicle ranges, but definitely do not cover all vehicle brands.
Generally, these discounts between 2% and 10% of the list price of the vehicle. Our team at Barloworld will send you a quote on the vehicles that you would like to purchase.
- Periodic Discounts on New Vehicles
Click here for current deals
