Mercedes-Benz South Africa has announced that Co-CEO & Executive Director Mercedes-Benz Cars Johannes Fritz, who steered South Africa’s top-selling premium car brand since September 2017, will be moving back to Germany to head up Mercedes-Benz Cars & Vans in Bavaria – one of the largest sales regions in the German market.
Fritz will be succeeded by Mark Raine, who is currently Vice President of Product & Marketing at Mercedes-Benz Cars in Korea. The move is something of a homecoming for Raine, who grew up in Pretoria before joining Mercedes-Benz in Stuttgart in 2002.
Mark Raine, new Co-CEO & Executive Director Mercedes-Benz Cars-Benz South Africa
Raine has played a key role in driving the company’s digital transformation and further enhancing its brand value in the Korean market, while working to reduce complexity and improve the product portfolio. He previously worked in the company’s Middle East operation, before heading marketing and sales for Mercedes-Benz in Malaysia.
One of Raine’s main strategic objectives will be the successful introduction of the highly anticipated Mercedes-EQ range into the South African market from Q1 2022 onwards. To further drive the future-orientated transformation, essential strategic imperatives include to pursue sustainable sales growth by enhancing the digital e-commerce journey of Mercedes-Benz and its retail partners.
It is notably that time of the year again at which Daimler Trucks & Buses Southern Africa (DTBSA) shines the spotlight on exceptional performing dealerships across the region.
As DTBSA we take considerable pride in our dealers’ exceptional performance as we know what it takes to be at the top in a highly competitive market
– Michael Dietz, President and CEO Daimler Trucks & Buses Southern Africa
On 26 August 2021, DTBSA virtually announced the 2020 Dealer of the Year (DOTY) award winners at the most anticipated and esteemed annual DOTY event. Dealers were beaming with pride as they were recognized and celebrated for sheer determination, passion to succeed and resilience, despite challenging operating and economic conditions.
This year a total of 25 awards in 6 categories were presented in the presence of 130 guests within the business areas of Sales, Parts, Customer Service, Financial Services, and Used Vehicles Support. NMI Durban South Motors – Mercedes-Benz Commercial Vehicles Durban deservingly stole the show by walking away with the prestigious Daimler Trucks & Buses Southern Africa overall Dealer of the Year award 2020, for the second consecutive year.
Michael Dietz, President and CEO Daimler Trucks & Buses Southern Africa comments on the winners:“I would like to extend a huge congratulations to all the deserving winners. As DTBSA we take considerable pride in our dealers’ exceptional performance as we know what it takes to be at the top in a highly competitive market. Our DOTY theme this year “Rising Stronger Together” is a celebration of the resolute commitment to excellence displayed by our dealer partners, the ability to transcend and rise above the challenges faced in what was an extraordinary year. We appreciate and value their contribution and absolute dedication to our long-term partnership. Thank you for continuing to push boundaries to ensure that DTBSA brands remain leaders in the region – salute to all the winners”.
Winners in other categories include the following:
Best Sales Performance
Best Sales Performance Mercedes-Benz Trucks:
NMI Durban South Motors – Mercedes-Benz Commercial Vehicles Durban
Best Sales Performance FUSO Trucks:
Motus Group, Maemo Motors Commercial Vehicles
Best Sales Performance Export:
Best Sales Performance – FUSO (Export): ZIMOCO (Zimbabwe)
Best Sales Performance – Mercedes-Benz Trucks (Export): Naledi Motors Gaborone
Best Customer Service & Parts
Mercedes-Benz Trucks:
Large Volume Dealer – Sandown Motor Holdings, Sandown Commercial Vehicles Centurion
Medium Volume Dealer – Hallmark Motor Group, New Vaal Motors Vereeniging
Small Volume Dealer – Maritime Motors, Maritime Motors PE Commercial Vehicles
FUSO Trucks:
Medium Volume Dealer – Kempston Group, Ronnies Motors Commercial Vehicles
Small Volume Dealer – Motus Group, Maemo Motors Commercial Vehicles
Freightliner:
Large Volume Dealer: Sandown Motor Holdings, Sandown Commercial Vehicles Centurion
Medium Volume Dealer: NMI Durban South Motors, John Williams Commercial Vehicles Bloemfontein
Small Volume Dealer: NMI Durban South Motors, Garden City Commercial Vehicles Mbombela
Best Parts Sales Performance Mercedes-Benz Bus
Large Volume Dealer: NMI Durban South Motors – Mercedes-Benz Commercial Vehicles Durban
Medium Volume Dealer: Kempston Group, Ronnies Motors Commercial Vehicles
Small Volume Dealer: Motus Group, Mercurius Motors Polokwane Commercial Vehicles
Used Vehicles Support
TruckStore: Motus Group, Cargo Commercial Vehicles Airport
Mercedes-Benz Financial Services
Best Sales Performance MBFS – MB Trucks: NMI Durban South Motors – Mercedes-Benz Commercial Vehicles Durban
Best Sales Performance MBFS – FUSO: NMI Durban South Motors – Mercedes-Benz Commercial Vehicles Durban
Best Overall Performance
Mercedes-Benz Trucks:
Large Volume Dealer: NMI Durban South Motors – Mercedes-Benz Commercial Vehicles Durban Medium Volume Dealer: Hallmark Motor Group, New Vaal Motors Vereeniging
Small Volume Dealer: Stucky Motors, Stucky Motors Volksrust
FUSO Trucks:
Large Volume Dealer: NMI Durban South Motors, Mercedes-Benz Commercial Vehicles Durban
Medium Volume Dealer: Kempston Group, Ronnies Motors Commercial Vehicles
Small Volume Dealer: Motus Group, Maemo Motors Commercial Vehicles
The wheels are turning fast at Chery South Africa, as the the Chinese automaker enters into a financial services agreement with WesBank
The wheels are turning fast at Chery South Africa, which this week signed a binding agreement with WesBank for the provision of financial services to both clients and dealers.
The agreement follows several months of negotiation between China’s leading exporter of vehicles and South Africa’s leading provider of innovative vehicle and asset solutions and includes the provision of comprehensive vehicle finance solutions under the newly created Chery Finance. It will also take care of all asset and dealer floorplan finance through the same alliance.
For Chery, affordability means much more than just the sales price.
– Jay Jay Botes, National Sales Manager of Chery South Africa
The agreement was signed on Tuesday at a small ceremony at the Chery offices in Bryanston, Johannesburg. It will now allow Chery’s sales and dealer development team to implement the finance solution at each of the 30+ dealers that will start trading in November 2021.
“For Chery, affordability means much more than just the sales price. We consider the cost of finance, maintenance, and insurance in our calculations, and we want to make sure that it makes sense to our customers on every level. With this in mind, we are very proud to partner with WesBank for the creation of Chery Finance. WesBank is known for its innovative approach to vehicle finance and cost competitiveness. This will ultimately benefit our future owners, who are guaranteed to get the best possible deal on their new or pre-owned Chery through Chery Finance,” says Jay Jay Botes, National Sales Manager of Chery South Africa.
We are proud to be associated with Chery South Africa and look forward to a long and fruitful relationship.
– Ghana Msibi, CEO of WesBank Vehicle and Asset Finance
“We are proud to be associated with Chery South Africa and look forward to a long and fruitful relationship,” says Ghana Msibi, CEO of WesBank Vehicle and Asset Finance. “In our due diligence prior to creating the Chery Finance alliance, we were impressed with the company’s focus on quality, safety and customer service, and we believe that this will help the company to grow in a market that values these attributes highly.”
We are excited to introduce South African customers to our range of modern SUVs, such as the Tiggo 4 and Tiggo 8 Pro which are very popular in every market where they are sold.
– JAY JAY BOTES, NATIONAL SALES MANAGER OF CHERY SOUTH AFRICA
The creation of Chery Finance follows an official announcement of Chery’s establishment in South Africa. This is the first time that the company enters South Africa as a wholly owned subsidiary of the global group, although it has supported the existing owners with parts and service support throughout.
“We are excited to introduce South African customers to our range of modern SUVs. Vehicles like the Tiggo 4 and Tiggo 8 Pro are very popular in every market where they are sold, thanks to their combination of modern technology, powerful engines and unique safety innovations,” says Botes.
“Now we can add to that list the many finance innovations on offer through Chery Finance, including fast online finance applications, immediate vehicle settlement calculations and best-in-class dealer support.”
Chery has completed its local vehicle testing and homologation and looks forward to introducing its first vehicles later this year. This will be followed by a comprehensive range of ultra-modern vehicles in 2022 and the continued growth of the Chery network of dealers.
The Golf 8 GTI officially went on sale on 1 September 2021.
The Golf 8 GTI officially went on sale on 1 September 2021 and AVIS was Volkswagen South Africa’s first customer.
2021 is a special year for Volkswagen and AVIS as we celebrate our 50-year partnership.
– said Rebone Motsatsi, AVIS Executive: Car Rental Operations
“Part of our success as a brand is attributed to sales to the rental industry. Volkswagen has the highest passenger car share of the rental market which is 34%. AVIS remains a key strategic partner for the Volkswagen brand because it accounts for 50% of our rental channel sales,” said Steffen Knapp, head of the Volkswagen Passenger Cars Brand.
Over 7 000 units are sold to AVIS each year, which is approximately 10% of Volkswagen’s total annual vehicles sold in South Africa.
AVIS remains a key strategic partner for the Volkswagen brand because it accounts for 50% of our rental channel sales.
– Steffen Knapp, head of the Volkswagen Passenger Cars Brand
The partnership between Volkswagen and AVIS began in January 1971 with the delivery of 96 Beetle 1300s. A year later, Avis tripled the order which included 1600cc Beetles, Type 4s and Microbuses. By 1981, Volkswagen has sold its 10 000th car to AVIS which was a Golf.
In 1996, AVIS became Volkswagen’s biggest customer when a record number of 3 805 vehicles were delivered to them during that year. In 2008, Volkswagen delivered the 100 000th vehicle to AVIS and to date over 200 000 units have been delivered to AVIS.
“2021 is a special year for Volkswagen and AVIS as we celebrate our 50-year partnership. We are proud of how the partnership between the two organisations has grown since the humble beginnings in 1971. We are also excited to be the first customer to take delivery of the Golf 8 GTI in South Africa which will be an important model of our AVIS Luxury Cars fleet,” said Rebone Motsatsi, AVIS Executive: Car Rental Operations.
In 2020, the Golf range was No.1 in the A Hatch segment with a share of 29.1%. The Golf 8 GTI is set to continue the success of the hot hatch and to date over 1 000 customers have shown interest in the GTI since pre-orders went live on 19 July 2021.
After the enormous success of the inaugural World EV Day, ABB continues its headline partnership with sustainability media agency, Green.TV, for the 2021 World EV Day, to be held on 9th September.
World EV Day is a global movement, driving change, together. A day of celebration of emobility, and a day to shift the transition to sustainable transport with consumer, business and policy outcomes.
In 2021, World EV Day is asking businesses across the world how they will #DriveChange to support emobility, and sharing stories from real EV owners about their journeys on the road to #GoEV.
In 2020, World EV Day became a global focus for raising awareness around e-mobility and the important role it plays for the future of sustainable transport.
– Frank Muehlon, President of ABB’s eMobility Division
Also, the 2021 campaign focuses on education, accessibility and sustainability as the headline themes for the 2021 World EV Day campaign. The day, continuing its work to deliver action will be focused on motivating more people to engage with e-mobility and to support sustainable transport solutions for all.
World EV Day works with its partners to either create digitally led creative campaigns, or provides the tools and channels for our partners to work on their own campaigns.
With 2021 also being the year that the global community comes together with COP26 – the 26th UN Climate Change Conference of the Parties – World EV Day will contribute to enhancing progress towards sustainable mobility and focus on decarbonization.
Frank Muehlon, President of ABB’s eMobility Division, comments: “We are committed to enabling low-carbon societies and driving the further adoption of e-mobility solutions is a crucial part of achieving this objective. In 2020, World EV Day became a global focus for raising awareness around e-mobility and the important role it plays for the future of sustainable transport. The initiative was a huge success across the e-mobility community, and something ABB is delighted to continue supporting as headline partner.”
I’m thrilled that ABB are continuing their headline partnership for the 2021 World EV Day
– Ade Thomas, Founder of Green.TV and of World EV Day
Green.TV, the creators of World EV Day, will be working with leading global companies, and organizations, to plan a series of content streams, and events, to accelerate the transition to sustainable transport with consumer, business and policy outcomes.
Ade Thomas, Founder of Green.TV, and of World EV Day, said: “I’m thrilled that ABB are continuing their headline partnership for the 2021 World EV Day. In its inaugural year, the campaign became an international movement, with a media reach of 1.9 billion: the most successful automotive digital communications activity of the year.”
The new vehicle market bounced back during August after being unsettled by a barrage of impacts during July.
Not only did sales show good growth over the same period last year, but August’s new vehicle sales were the second highest this year at 41,425 units, after March’s figure of 44,217. According to naamsa | the Automotive Business Council, new vehicle sales were 24.6% up on August last year.
“Taking into account that July sales were significantly disrupted, the fact that sales were up 8.9% over June indicates some reparations from impacted July sales,” says Lebogang Gaoaketse, Head of Marketing and Communication at WesBank. August sales were 25.3% up over the skewed July new vehicle sales result.
WesBank shares the confidence expressed by motor industry CEOs during the first half of the year in a survey conducted by naamsa. “We have consistently held the optimistic view of recovery for the industry during 2021, with various signs showing growing confidence from both consumers and business,” says Gaoaketse. “To have this environment amplified by industry confidence will help to continue to build momentum in the market’s recovery, preserving jobs and fulfilling demand.”
Taking into account that July sales were significantly disrupted, the fact that sales were up 8.9% over June indicates some reparations from impacted July sales
– Lebogang Gaoaketse, Head of Marketing and Communication at WesBank
In terms of demand, WesBank believes the market is out-running the industry’s ability to supply. “Between the challenges of the pandemic, micro-chip shortages affecting international production – and therefore import supply to South Africa – and the prevailing market conditions that have simply hampered the free supply of certain models, the new vehicle market is poised to capture growth opportunities while trying to keep up.”
The trend towards the pre-owned market continues, driven primarily by affordability
– LEBOGANG GAOAKETSE, HEAD OF MARKETING AND COMMUNICATION AT WESBANK
The bank’s demand is measured by applications for finance that continue to sit at levels equivalent to or above those experienced prior to the pandemic. “This is reassuring in two senses,” explains Gaoaketse. “On one hand, consumers have been keeping their vehicles for longer, especially delaying purchases through the pandemic. This will create natural demand on the replacement cycle as consumers need to renew their ageing vehicles, probably with lower mileage.
“On the other hand, the current performance of the market is related to supply, rather than demand, meaning a healthy recovery for the industry is on the cards when stability returns to global production,” says Gaoaketse.
The outlook for the remainder of the year looks positive and will hopefully not be impacted by further lockdown restrictions
– LEBOGANG GAOAKETSE, HEAD OF MARKETING AND COMMUNICATION AT WESBANK
WesBank warns that not all that demand will go to new vehicles, however. “The trend towards the pre-owned market continues, driven primarily by affordability,” says Gaoaketse. “This remains good news for dealers in support of their viability across new and pre-owned showroom floors. Consumers will also benefit from better used vehicle stock once the replacement cycle activity kicks in, due to those low mileage vehicles that have been used less during lockdown.”
– LEBOGANG GAOAKETSE, HEAD OF MARKETING AND COMMUNICATION AT WESBANK
The growth in the market was shared across most sectors, including another strong performance from the rental sector, buying 4,962 units in total.
Passenger cars grew 40.5% over August last year to 27,157 units. Of these, 22,225 units were sold through the dealer network, 25% ahead of the same period last year, showing a resumption in demand and confidence.
The Light Commercial Vehicle (LCV) market was impacted less at 11,749 units, 3.8% ahead of August 2020. In fact, dealer sales were 1% down in this segment year-on-year.
“The market showed good recovery during August from the loss of momentum experienced in July. The outlook for the remainder of the year looks positive and will hopefully not be impacted by further lockdown restrictions or other unforeseen factors,” says Gaoaketse.
The search for a parking space can be a daunting endeavour, and when a space is found, it might be a tight squeeze to get the vehicle in. The solution? Leave that work to the vehicle.
As part of a German Association of the Automobile Industry collaboration, Ford has partnered with infrastructure providers and technology companies, including Bosch, to demonstrate the potential for a connected vehicle to communicate with the car park infrastructure to not only find a space but to park itself too. Automated Valet Parking enables drivers to use an app to send the vehicle into an automated parking manoeuvre – all from outside the vehicle.
The technology, currently in the research and demonstration phase, takes the stress out of parking and could be extended to enable drivers to send the vehicle to a car wash or charging station; or even have parcels delivered to the vehicle in the car park.
Ford will demonstrate Automated Valet Parking at IAA in Munich, running from September 6-12.
In Europe, a standard parking space is 2.44 metres by 4.88 metres. But while vehicles have become increasingly larger over the years, many parking spaces have stayed the same size.
Automated Valet Parking could enable up to 20 percent more vehicles to be parked in a car park – without the potential for damage resulting from vehicles parking too close to each other or occupants opening doors against other vehicles.
How it works
With Automated Valet Parking, sensor technology set up in the car park takes over the control of the vehicle and manages all the traffic inside the parking area. This is done via vehicle-to-infrastructure communication.
The car park sensors recognise and localise the vehicle to guide its parking manoeuvre. If the infrastructure senses something in the vehicle’s path, such as a pedestrian, vehicle or hazard, it stops the vehicle immediately.
Upon arriving at the car park, the driver leaves the vehicle in a designated area and uses the FordPass app to start the automated guidance to a free parking space.*
When the car is parked, it could also become a personal parcel drop-off point, with delivery companies accessing the vehicle to leave parcels in the boot.
In the future, further connected services could be developed to offer more convenience and benefits to customers.
Drivers use the FordPass app to request the return of the vehicle to the designated area, expediting the pick-up experience and enabling the driver and passengers to comfortably enter the vehicle. This saves any long walks through large car parks or the potential problem of trying to find the vehicle again.
Sadly the technology is not available in South Africa and in all likelihood will not be available to us any time soon.
Mitsubishi Motors South Africa (MMSA) and Durban-based Amazulu Football Club (FC), have entered into a partnership that will create a sustainable value proposition for both brands.
Mitsubishi Motors South Africa (MMSA) and Durban-based Amazulu Football Club (FC), affectionately known as Usuthu, have entered into a partnership that will offer football fans exclusive offers and create a sustainable value proposition for both brands.
It has been proven time and again that sport has the magical ability to unite people, not only in South Africa, but also worldwide. It creates friendships, promotes tourism within and outside South Africa’s borders, and thereby growing economies.
…following a great season, we are happy to align with AmaZulu FC, to allow both brands to continue to grow and flourish
– Thato Magasa, managing director, Mitsubishi Motors South Africa
Originally established as Zulu Royals, Usuthu was formed in 1932 and boasted a membership of approximately 1 million before the end of the 2020/21 season, and it aims to reach more than 5 million by 2032. In October 2020, the club was acquired by Zungu Investments Company (ZICO).
AmaZulu sees the partnership between us and Mitsubishi Motors as the marriage of the aspirational and adventurous brands
– Sandile Zungu, president of AmaZulu FC
“Mitsubishi recognises the power and popularity of sport and following a great season, we are happy to align with AmaZulu FC, to allow both brands to continue to grow and flourish,” said Thato Magasa, managing director of Mitsubishi Motors South Africa.
“AmaZulu FC wants to conquer the continent as well as at home. This is akin to Mitsubishi vehicles conquering outdoors and in urban terrains. AmaZulu sees the partnership between us and Mitsubishi Motors as the marriage of the aspirational and adventurous brands. We are very excited,” commented Sandile Zungu, president of AmaZulu FC.
“There is a strong synergy between Mitsubishi and AmaZulu FC,” said Jeffrey Allison, general manager of marketing at Mitsubishi Motors South Africa. “The club has a strong reputation for being fresh, agile and trustworthy, with strong ties to the community. These are all traits that Mitsubishi identifies with and is known for, so we believe the partnership will be a fruitful one for both brands.
“Usuthu has ambitious plans for their centenary in 2032, including becoming football warriors on the continent. With resilience and relentless passion, our partnership will set our brands on a course to achieve unprecedent success,” said Allison.
Added Magasa: “Our ultimate goal is not only commercial, but to also increase societal benefits for all parties. We are convinced this partnership will go a long way towards making a difference in the communities we operate in as more people get to experience the brand for themselves.”
Securi-Lid Roll Top Cover provides additional practicality and security, while maintaining the distinctive looks of the Ranger Wildtrak
The versatility and security of the Ford Ranger Wildtrak has been enhanced with the introduction of the Securi-lid Roll Top Cover – now available as a Ford-approved accessory exclusively on the Ranger Wildtrak, and available for order through Ford’s nationwide dealer network.
How it works
The attractive black Securi-lid Roll Top Cover is both sleek and secure, providing a side-locking system and a retractable lid, which offers an adjustable mid-stop position for ease of use.
Access to the rear load compartment is further enhanced by the Ranger’s Easy Lift tailgate, with its innovative torsion rod system that dampens the opening action and reduces the initial lift force to raise the tailgate by 70 percent. The locking mechanism of the tailgate is integrated into the vehicle’s central locking system, thus providing ultimate peace of mind.
The Roll Top Cover is fitted using structurally mounted brackets with no drilling required, in line with Ford’s warranty terms. It also incorporates integrated channels on the side rails that accommodate the mounting of accessories such as fastening rings and a variety of racking systems.
Pricing
The Securi-lid Roll Top Cover comes at a recommended retail price of R21 213 (incl VAT), which includes the cost of installation by an authorized Securi-lid fitment centre.
Isuzu’s much loved mu-X will soon be available to the South African market, complete with new features and a fresh new look.
Isuzu Motors South Africa (IMSA) has announced the imminent arrival of the second generation of Isuzu’s seven-seater SUV which will be launched in South Africa later this year. Based on the Isuzu D-MAX, the first-generation mu-X has proven itself as a reliable, luxurious, and practical go anywhere family vehicle.
The upcoming Isuzu mu-X offers class leading driver assistance technology, new state of the art powertrains, and a luxurious interior designed for maximum comfort for seven occupants.
– Dominic Rimmer, Senior Vice President Technical Operations
“The upcoming Isuzu mu-X is a game changer for us, as it offers class leading driver assistance technology, new state of the art powertrains, and a luxurious interior designed for maximum comfort for seven occupants,” said Dominic Rimmer, Senior Vice President Technical Operations.
The next generation mu-X will be equipped with a suite of passive and active safety systems, as well as the latest infotainment systems with Android Auto and Apple car play. The bold exterior design is matched by an exquisitely crafted interior, with luxurious fittings and soft surfaces which should make any driving task an enjoyable and safe experience.
“We are steadily on track to launch the next generation Isuzu mu-X in South Africa,” adds Rimmer. “Vehicle testing was successfully conducted late 2020 and we continue to test the vehicle under a number of conditions to ensure it is suitably prepared for South African conditions.”
In preparation for the entry of the next generation Isuzu mu-X, the company has also embarked on Dealer technical training for Isuzu technicians who will be responsible for the servicing and maintenance of the vehicles once sales commence.
We continue to test the vehicle under a number of conditions to ensure it is suitably prepared for South African conditions.
– DOMINIC RIMMER, SENIOR VICE PRESIDENT TECHNICAL OPERATIONS
Another key element of the pre-launch activities for Isuzu is ensuring the ready availability of service and repair parts at commencement of sales. In this regard, Isuzu mu-X customers will benefit from Isuzu’s world class Parts Distribution Centre (PDC) in Gqeberha which stocks more than 30 000-line items of service, maintenance and crash repair parts. Isuzu dealers can expect to receive parts within one or two days of an order depending on the type of order placed.
The mu-X is manufactured at Isuzu’s Samrong vehicle assembly facility in Thailand. It will be fully imported into South Africa for sale to the South African as well as Right-Hand Drive markets of rest of Africa.
Additional product information and pricing will be made available closer to the launch date.
Effective from 01 August 2021, Toyota customers will have access to FutureDrive – a financial service which will aims to make vehicle ownership more affordable and flexible.
Toyota Financial Services South Africa (TFSSA) is pleased to announce pioneering, affordable and flexible kilometre options on FutureDrive, effective from 01 August 2021.
The key change will offer customers flexible kilometre and term options from 20 000km to 35 000km, more competitive Guaranteed Future Values (GFV) and lower monthly instalments.
Image: Cornel van Heerden
The new offer forms part of an important drive to deliver on a promise to offer reasonable finance options to all customers by offering them affordability beyond product and more control of their finance agreements.
With this lower / more competitive monthly instalments offering we are encouraging customers to take the wheel with FutureDrive
– Thabo Manaka, Chief Executive Officer for TFSSA
FutureDrive allows you to take your vehicle finance into your own hands. From annual mileage limits to the deposit amount, the terms that you decide on all determine the GFV, directly influencing your monthly instalment. FutureDrive is an alternative to traditional finance but with all the traditional features of vehicle finance and with a host of new options and benefits.
Image: Cornel van Heerden
A GFV is the minimum value that TFSSA guarantees your Toyota will be worth at the end of your finance term. The new calculated GFV amounts that are determined by the maximum annual kilometres a customer drives, will offer customers the option to choose lower / more competitive monthly instalments..
Thabo Manaka, Chief Executive Officer for TFSSA says: “This is a full demonstration of our commitment to invest in our customers. We believe in providing innovative mobility solutions that caters for all our customers’ needs. With this lower / more competitive monthly instalments offering we are encouraging customers to take the wheel with FutureDrive.”
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