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This method of finance is structured with a guaranteed buy back, providing the customer with the following options at termination;
- Customer must return the vehicle to HSBC MEFCO on the due date
- purchase the vehicle
- re finance the buy back through HSBC MEFCO
The main benefit of a guaranteed buy back is firstly, the reduced monthly installments emanating from the deferred payment and secondly, the opportunity to exercise the "first right of refusal" to obtain ownership of the vehicle.
Features
Available for new vehicles from franchised and HSBC MEFCO authorized dealers, subject to the availability of a buy back agreement for the selected model or manufacturer
The buy back amount will be determined by HSBC MEFCO*
The Buy Back value is guaranteed by the Dealer**
Minimum tenor - 12 months
Maximum tenor - 48 months
Nil down payment***
Ability to finance insurance, service contracts and extended warranties
Title is registered in the customers' name, mortgaged in favor of HSBC MEFCO
The Buy Back can be refinanced by HSBC MEFCO up to a maximum tenor provided the age of the vehicle does not exceed eight (8) years at maturity of the loan
Mortgage is released upon full and final settlement of the loan
* Buy Back values are based on vehicle price after discount excluding insurance or any other optional service financed
** Subject to usury conditions such as mileage restrictions, service and repair obligations and car condition
*** Conditions apply
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Call us now 04 2948000 within the UAE or +971 4 2948000 from outside the UAE
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