Vehicle Financing Calculator

What You Can Expect from Our Online Vehicle Finance Calculator 

Flip My Ride’s vehicle finance calculator is designed to provide you with a clear and comprehensive overview of your potential car financing costs. Here’s what you can expect from this private vehicle finance calculator:

• Transparent Pricing:  

You deserve to know exactly what you’re getting into when you buy your next ride. Our calculator will give you a detailed breakdown of estimated monthly payments, interest charges, and any applicable Flip My Ride fees. There will be no flippen hidden financial potholes down the road! 

• Flexible Estimations:  

The calculator’s results are intended as helpful estimates. Factors like your credit score and specific lender offers can influence your final interest rate and total vehicle financing costs. Our calculator gives you a solid, informed foundation for budgeting and comparing options, always bearing in mind that there may be some variability. 

• Trust and Accuracy:  

We know that vehicle financing can be flippen confusing! Unfortunately, some online vehicle financing tools can be misleading, but Flip My Ride’s calculator is built on reliable calculations and industry standards. While it provides estimations, we’re committed to offering you a trustworthy online calculator that will clearly reflect your financing options.  

Find about more about how financing a vehicle through Flip My Ride works here. 

How Much Car Finance Do I Qualify For? 

In South Africa, your eligibility for car finance and the amount you qualify for is about much more than the car you want and its price. Lenders and financial institutions take an umbrella view of your financial situation, and consider several key factors:

• Income: Your monthly income is a crucial indicator of your ability to afford loan repayments. Most lenders want to be sure you can manage the financial commitment you’re taking on, so they have minimum income requirements. 
• Credit Score: Your credit score is based on and reflects your financial history. It tells lenders how responsibly you handle credit. If you have a higher credit score, you’ll generally have access to better interest rates and be offered more favourable loan terms. 
• Debt-to-Income Ratio: Your existing debts, like credit card balances, home loans and other financial commitments, all affect the vehicle financing you can afford. Lenders look at your debt-to-income ratio to ensure you’re not overextended financially and can handle the added financial load of vehicle instalments. 
• Risk Profile: Factors like your employment stability and residential status (i.e. do you own or rent a home) will also play a role in determining what vehicle finance you qualify for.  

Disclaimer 

Please note that this calculator offers estimates and amounts provided might increase and decrease due to various factors.  

If you don’t find a suitable option in the finance calculator, don’t panic! Reach out to Flip My Ride, and our financial experts will assess your specific car finance needs, qualification limits, and help you find a custom or alternative solution.