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| Tel: (011) 431-0693 /0695 |
| Fax: (011) 431-0691 |
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| Services |
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| Auction Finance has created strategic partnerships with recognised
financial services institutions that allow us to offer customised solutions to
the auction market.
The main service rendered is to receive finance applications from buyers or
prospective bidders and submit the application to Auction Finance’s panel of
financiers for approval. The purpose of this submission will either be to obtain
pre-approval for a fixed amount, for a specific bidder or to obtain credit finance
after the conclusion of the sale to a bidder.
Each Auction Finance service is tailored to suite the requirements of assets
bought on auction - from cars, trucks and equipment - we are able to offer
competitive finance originations, insurance, as well as a host of other services
aimed at simplifying and enhancing the buyers experience. |
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| Products |
| We also offer our customers value added products which include: |
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Adcover Credit Shortfall Insurance |
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If your vehicle is stolen and not recovered or damaged beyond economical repair and is written off by your underlying insurer, who has settled your claim in terms of the underlying policy. The settlement amount shall be deemed to be no less than the current Market Value at the time of the loss, less the underlying policy excess and if a shortfall arises between such payment and Statutory Settlement Balance in terms of the relevant Credit Agreement, we will pay the Statutory Settlement Balance as defined less the deductibles for this policy as stipulated herein and less the motor comprehensive excess. |
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Vehicle Registration |
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We will register the vehicle into the Clients and Finance Institution (Bank) name, within 3 working days. |
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Tracking Recovery Systems |
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Cartrack the intelligent recovery solution, for those who wants more than a tracking device. Cartrack locates a vehicle in an average of 22 seconds. |
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Car Care Voucher |
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This product helps to remove the following on your vehicle:
Car Care Voucher is unique plan to keep your vehicle in show room condition.Keeping your vehicle in tip top condition takes time and
costs endless amounts of money, especially those little annoying dents and scratches which over time accumulate in parking lots of
shopping malls.Not to mention the eyesore of a stone chipped bonnet.
Car Care Voucher is unique in the fact that we do not send you out to a panel beater in your area to have all the work done, but we
have mobile units nationally with qualified technicians that will visit you at your place of work or at home,there by saving you time
,money and all the frustration.
The Car Care Voucher also covers existing damage on pre-owned vehicles.
With the ccv voucher you are entitled to one claim per month.
The CCV voucher covers passengers vehicles, SUV's mini busses, 4x4's, Club Cabs and Double Cabs.
Specialized tools are always in the mobile units to guarantee that all work is done in a professional manner. |
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Truck Warranties |
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The Octane Pre-owned Commercial Vehicle Mechanical Breakdown Insurance policy is a Mechanical Breakdown Insurance Policy for used Commercial Vehicles, which are grouped into plan types dependent on age, kilometres and gross mass.
Mechanical or Electrical Breakdown – Shall mean, for the purpose of this Policy, the breaking or burn out of any of the components listed in the components covered section arising from mechanical or electrical defect, causing sudden stoppage of their functions, necessitating repair or replacement. |
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2 Year Unlimited Warranties |
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Mechanical or Electrical Breakdown – Shall mean, for the purpose of this Policy, the breaking or burn out of any of the components listed in the components covered section arising from mechanical or electrical defect, causing sudden stoppage of their functions, necessitating repair or replacement. |
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Short Term Insurance |
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A short term insurance policy provides cover against loss, damage, liabilities and more. You pay a premium (either monthly or annually) to an insurance company who in return provides the cover to compensate you when you suffer a loss on insured items.
The insurance company determines your premium based on your risk profile (age, gender, where you live, security measures, item insured, value of the item, claims history of the insured. |
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Long Term Insurance |
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The term long term insurance covers a fairly diverse range of insurance products, including life, disability dread disease, income protection policies.
Ask your consultant about the insurance product best suited for you |
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SERVICES AND PRODUCTS |
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2 year unlimited
warranties |
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| Mechanical or Electrical Breakdown – Shall mean, for the purpose of this Policy, the breaking......read more |
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Car Care Voucher |
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| Stone ships, scratches, windscreen ships and cracks......read more |
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Tracking recovery systems |
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| Cartrack the intelligent recovery solution, for those who wants more than a tracking......read more |
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