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What is Leisure Finance?

Leisure finance is a specific type of loan used to purchase recreational or leisure assets like:

  • Motorbikes
  • Caravans
  • Jet Skis
  • Trailers

It functions similarly to standard vehicle finance, allowing individuals to finance high-value leisure items over time, often with a variety of financing options and sometimes requiring a deposit or having higher interest rates due to the assets being considered higher risk.

How it works

  • Purpose:
  • To finance recreational vehicles and equipment such as caravans, motorhomes, motorcycles, jet skis, trailers, boats, and quad bikes.
  • Process:
  • The process is similar to getting a loan for a car, with many South African financial institutions offering these products.
  • Flexibility:
  • It provides flexible payment options, allowing individuals to acquire assets without a large upfront payment.
  • Ownership:
  • The asset is typically owned by the financial institution until the loan is fully repaid.

Key Features

  • Loan types:
  • Options like fixed or variable interest rates may be available.
  • Insurance:
  • Comprehensive insurance and shortfall insurance may be offered.
  • Customer protection:
  • Some plans include customer protection plans that cover the outstanding balance in case of death or permanent disability.
  • Warranty:
  • Vehicle warranties may be offered to cover mechanical breakdowns after the manufacturer's warranty expires.

Required Documents

  • Proof of income (Recent Payslip & 3-Month Bank Statement)
  • Proof of residence (Not older than 3 months)
  • A copy of your South African ID
  • A valid driving license

Need Assistance? Contact Liezel

Call Me

083 733 8259

Email Me

liezel@thundercycles.co.za

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How To Qualify

Age

Be 18 years or older with a valid driver's license.

Income

Make a minimum of R8500 a month.

Credit

Have a clear credit record.

Employment

Be permanently employed for minimum 3 months.

Finance Application Form

01

Full Name *

02

Email Address *

03

Phone Number *

04

ID Number *

05

Motorcycle/Vehicle of Interest

06

Additional Information/Queries

07

Proof of Income (Recent Payslip) *

08

Proof of Income (3-Month Bank Statement) *

09

Proof of Residence (Not older than 3 months) *

10

Copy of your South African ID *

11

Valid Driving License *

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