What It Costs
No hidden fees, no surprises. Here's exactly what it costs to get cash for your car — have a read before you apply.
Interest Rate (APR)
36% – 60%A year, all-in. Your exact rate depends on your affordability check.
Repayment Term
3 – 24 monthsPick what works for your budget. Settle early anytime — no penalty.
Fees
R1 199 + R499A once-off R1 199 to set up, then R499 a month. The only other cost is credit life insurance — and only if you're not already covered.
◆ A Real Example
| Amount | Term | Monthly Interest | Initiation Fee | Monthly Service Fee | Total Repayable | APR |
|---|---|---|---|---|---|---|
| R10 000 | 3 months | R300 | R1 199 | R499 | R13 596 | 36% |
Borrow R10 000 over 3 months: R300 monthly interest, a once-off R1 199 setup fee and a R499 monthly service fee — R13 596 to repay in total. This is just an example; your real figures are confirmed in writing before you sign anything.
◆ How You Pay Us Back
You pay by EFT or direct deposit — no debit orders pulling from your account. If your account's up to date, you can renew anytime.
◆ If Money Gets Tight
Life happens. If you're struggling to pay, talk to us early — we'd much rather work out a plan with you than escalate. Missed payments follow the terms you signed.
◆ Who You're Dealing With
Cash My Ride — Johannesburg, Gauteng. Call us on 062 948 8223. Loans are secured against a car that's fully paid off and in your name, and are subject to an affordability check.