InstaCar: Residual Value (RV) Car Financing Model:
The Residual Value (RV) Financing Model is a Car Financing Solution available to individual and corporate customers. In the RV car financing, the monthly rentals are significantly lower than the regular financing model. This allows the customer to pay part of financing at a considerably reduced monthly instalments and after completion of facility period the customer can buy the car at fixed residual value. The customer also has the option that instead of buying car can again take new financing facility on lease basis or return the car to Modaraba.
Due to the significantly reduced monthly installments, customer can also enjoy use of higher value cars.
The Key Features of the RV Financing model:
- No down payment, fast processing and easy documentation
- Ready to deliver, get your car immediately after processing and registration
- Hassle-free one stop solution, all inclusive package that has fixed installments with built-in takaful (insurance) and registration charges
- Installment lower than regular financing
- Free tracker installation and management
- Free car service at authorized dealer workshop