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asked about General

almost 3 years ago

Currently my car is registered under R10 and I would like to convert it back to normal car. Will this conversion impact my financing?

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Katherine

Hi Ha, thank you for your question. Yes, when you applied the loan, the credit company have processed your application as such (If you are using it as a passenger car or a private hire car).

 

If you convert the vehicle scheme midway, the credit company will be informed and they will look in to it because the nature of use is no longer the same.

 

For more clarity, it will be better to call the credit company directly.

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almost 3 years ago