Cruizfin

Vehicle Asset Finance (VAF) loan

If you have not asked about this facility and have a different inquiry, kindly send a Hi to our WhatsApp below for further assistance.

New & Pre-owned vehicles importation

Vehicle Asset Finance Key Terms

Tenure: 5 years (brand new vehicles) | 3 years (pre‑owned vehicles)
Deposit:

  1. 30% for new vehicles
  2. 35% for pre‑owned vehicles (max 10 years old)
  3. Vehicles must be in Zimbabwe

Interest & Charges

  1. Interest: 15% p.a.
  2. Arrangement fee: 3% once‑off
  3. Insurance fee: 1%
  4. Life cover: 1.31% (payable in advance)
  5. Comprehensive insurance: up to 3.5% (OMICO)
  6. Vehicle tracking: USD 86 installation + USD 14/month

Vehicle Registration

Requirements

  1. Bank FCY account
  2. Standard KYC: latest payslip, 3‑month bank statements, passport photo, proof of residence, letter of undertaking
  3. Vehicle quotation/invoice or agreement of sale
  4. Vehicle registration book (seller’s name) or ZIMRA import certificate
  5. Police clearance & garage report
  6. Seller’s bank details

Vehicle Registration

Eligibility

Total loan repayments must not exceed 25% of gross monthly income

Loan Tenure & Qualification:

  • 2 yrs: Gross Salary x 5
  • 3 yrs: Gross Salary x 7
  • 4 yrs: Gross Salary x 9
  • 5 yrs: Gross Salary x 10

Loan Scheme

Vehicle Lease Requirements

Cruiz Auto City is a fully registered group company, established in 2017,
offering a comprehensive range of services in vehicle sales. Notably, we
achieved a remarkable milestone of selling 50 units in our first year of
operation.

Vehicle lease requirements:

  • ID
  • Proof of Residence
  • Drivers license
  • Identified vehicle from Cruiz Auto
  • Your next of kin details
  • Police clearance
  • 10% Deposit of Preferred Vehicle value
  • 3% once off loan establishment fee

Our Address is 38 St Athans Drive, Harare

On the car we put:

  1. 1 year comprehensive insurance
  2. Tracker

As Cruiz Auto City we allow you to own vehicle for ehailing or rental business and you repay it on weekly basis. Tenure is 130 weeks or 30 months with an option to clear balance pro-rata. 

Relevant Documents

Repayments vehicle prices and terms

Car worth $7,000

Down payment $800
Weekly payment $115

Car worth $8,000
Down payment $800
Weekly payment $127
Monthly payment $507

Schools, SMEs and Miners welcome too

Download the relevant application form(s) below, fill them and submit physical copies at our offices. 

Loan Calculator
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