Easy Sell Vehicles

1. You stay in control of the sale of your vehicle
2. Repayment of the shortfall by debit order will ensure that your credit bureau record is not affected
3. You can buy another car when your financial position improves
4. The shortfall can be repaid interest-free* over an extended period
5. Standard Bank gives you a 20%** discount on the shortfall

* The interest-free benefit will apply only if the shortfall is paid in full.
** The discount will only be applied if you’ve signed an Amendment of Agreement and only at the end of the Amendment of Agreement Term, provided that 80% of the total shortfall has been paid.

Here’s how it works: 

• We’ve partnered with car dealerships that specialises in marketing and selling of vehicles countrywide to ensure that you get the best possible price 
• The price of your vehicle is based on the market value
• You will be in control of this process by accepting or rejecting the offer(s) presented to you;
• Only serious buyers will be accepted through various platforms. 
• A fixed commission is paid to the dealer and will be deducted from the selling price of the vehicle
• Once your vehicle is sold and all the relevant costs and fees have been paid AND if there’s a shortfall (in other words you have an outstanding balance after the sale of your car), we’ll help you make arrangements to pay off the balance interest-free* over an extended period

*The interest-free benefit will apply only if the shortfall is paid in full. 

On top of that, we’ll offer you a discount of 20%* on the shortfall amount. 

*The discount only applies if you’ve signed an Amendment of Agreement and only at the end of the Amendment of Agreement term provided that 80% of the total shortfall has been paid.
 

If you would like to sign up for EasySell Vehicles, you can complete the EasySell Vehicle Finance Agreement available here.

After completing the form, send it to [email protected] along with a copy of the vehicle’s service history and license disc.

Once the mandate and all supporting documentation have been received and vetted, your application will be referred to a dealer.

The dealer will review the application and contact you to schedule an inspection of your vehicle and present a formal offer.

Please note:
Once the offer has been accepted, the dealer will prepare an offer to purchase and include the inspection report for review. An Acceptance Letter will be prepared with payment instructions. The payment will be made directly to your Standard Bank Vehicle and Asset Finance Account.

If an offer is received on your vehicle, the dealer will contact you.

If you accept and sign the offer to purchase, the dealer will make the necessary arrangements for the delivery or collection of the vehicle.

The net proceeds of the sale are paid directly into your Standard Bank Vehicle and Asset Finance account.

After the funds reflect in the account, the following will happen:

• EasySell will log a request for the NaTIS to be released and sent via courier to the dealer
• EasySell will issue a Dealer Stock Letter which is sent to the dealer
• EasySell will send you an updated Shortfall Calculation
• EasySell will draft an Amendment of Agreement and Debit Order Authorisation which you must sign and return to repay the shortfall

Upon receipt of the signed Amendment of Agreement, the account will be restructured and the debit order activated.

Your Vehicle and Asset Finance Account remains open. The 20% discount will be applied once you’ve paid 80% of the shortfall.

If you want to pay additional funds towards the shortfall, payment can be made directly into your Standard Bank Vehicle Asset Finance Account.