The Capitec Finance Channel is a service provided by Capitec Bank via TheCarPlace.co.za to customers across SA.
The Capitec Financial Channel helps potential car buyers get access to unsecured finance for vehicles that traditionally were not financeable via traditional vehicle finance from other banks.
Prospective customers received by your dealership from the Capitec Finance Channel are customers that have been pre-approved for finance on a vehicle that your dealership advertised on TheCarPlace.co.za.
Vehicles sold through this channel will generally focus on late year models and “cheapies”, however any vehicle under R 500 000.00 will be entertained by the Capitec Finance Channel.
The Capitec Finance Channel enables Sellers to list any vehicle where the invoice total for such vehicle will be below R 500 000.00 (five hundred thousand rand).
As long as the invoice total billed by your dealership is equal to or less than the approved finance amount, your dealership is welcome to add any value-added products that may serve in the customers best interests.