Tata Finance

Financial Info

About Us

Tacsa Financial Services has been launched in 2014 with the view to enhancing our customer experience and ensuring we add value to your procurement process while purchasing your new Tata truck or a quality used vehicle through one of our 32 dealers countrywide.

We have direct channels to all the main banks as well as secondary banks and leasing houses allowing us to structure the right finance for your needs and application.

Our skilled central staff and support in the field give us a national footprint that enables us to ensure we give you a hands on and personalized finance service.

installment Sale

This method of finance allows you to buy your Tata of choice by paying instalments over an agreed period. Ownership will pass to you as soon as you’ve paid all amounts due under the agreement. Financing periods can be structured between 12 to 60 months, with or without a final balloon payment. Market-related interest rates apply, which may be linked to the prime lending rate or alternatively fixed, over the agreed finance period. There is no minimum deposit payable unless there is a change to the current legislation or to your credit profile.

Installment

Instalment sale agreements are typically offered between 6 & 60 months.

Instalment payments can be structured equally over the entire agreement period so that there is no balloon payment at the end. Alternately a final balloon payment can be arranged.

A final balloon payment is a larger than normal final payment resulting in a lower monthly repayment.

Under an instalment sale agreement you become the vehicle owner at the end of the agreement.

Ownership

This is provided that you’ve paid all due amounts under the agreement. When the agreement comes to an end and all due amounts under the agreement have been met, you simply contact Tata Financial Services to initiate the change of title-holder and re-register the vehicle in your name.

Benefits

You own the goods when you’ve paid the full amount.

If the vehicle is an asset used for business, you can claim depreciation as well as yearly interest paid against tax.

You’ll enjoy the benefit of any resale value.

Suited To

This type of agreement will suit you as an individual, a self-employed individual or if you’re a business-owner that would like to own the asset at the end of the agreement.

Lease / Rental Finance

Overview

This method of finance gives you the right to use your Tata of choice for an agreed period, during which time you pay monthly rentals. At the end of the term, ownership passes either absolutely or upon satisfaction of specific conditions. Financing periods can be structured between 12 to 60 months, with or without a final balloon payment. Market-related interest rates apply which may be linked to the prime lending rate or alternatively fixed, over the agreed finance period. There is no minimum deposit payable unless there is a change to the current legislation or to your credit profile.

Leasing

Tata Lease agreements are typically offered between 6 & 60 months.

At the end of the term ownership does not pass to you automatically, however, you have the option of either returning your Tata to Tata Financial Services, acquiring ownership or extending the lease.

Ownership is subject to the conditions set out in the credit agreement, which include payment of all monthly rentals due and payment of a nominal ownership amount.

Tata Lease agreements can be structured equally over the entire agreement period with or without a final balloon payment at the end.

A final balloon payment is a larger than normal final rental resulting in a lower monthly rental.

With Lease Finance there is also the option of refinancing the final balloon payment

Provided that at the time of your application for finance, there is no adverse change to your credit profile.

Ownership

Market-related interest rates apply which may be linked to the prime-lending rate or alternatively fixed, over the agreed finance period. There is no minimum deposit payable unless there is a change to the current legislation or to your credit profile.

Benefits

You don’t need to own the asset to use it.

Rentals can be claimed as expense against tax.

You avoid tying up working capital.

Stepped payments, inflated rentals and other structures can be tailored to your needs.

Suited To

This type of agreement will suit you if you are using the asset to generate income; or receive a car allowance; or you want to claim the expense against tax; or you own a business.

Credit Protection Cover

Credit life protects you and your family in the event of your death, permanent disability, temporary disability, retrenchment or diagnosis of a dread disease.

How will you benefit
    • Death: This benefit will pay out what you still owe your finance provider.
    • Permanent Disability: This benefit will pay out what you still owe your financial provider.
    • Temporary Disability: While you are temporarily disabled you will receive an amount of money equal to your monthly instalments.
    • Dread Diseases: The policy will pay out what you still owe your financial institution once there is a conclusive diagnosis of the dread disease.
  • Retrenchment: Your monthly instalment will be paid for a maximum period of 3 months per claim, but limited to a maximum period of 6 months after a waiting period of 3 months.
Why this product

Peace of mind knowing that your family won’t be left struggling with debt they can’t pay in the event of your death or permanent disability

Shortfall Cover

You may find that the money your insurer pays out is not enough to cover what you still owe your finance provider. This is an extended policy that gives you additional cover in the event your vehicle is written off or stolen.

How will you benefit

This policy pays the difference between what your Comprehensive Insurance pays and what you owe the bank, excluding arrears, arrear interest and refundables (i.e. Warranties) up to a maximum of R1 000 000.

This policy pays up to a maximum of R6 000 towards your excess on your comprehensive insurance claim.

Why this product

You have the comfort of knowing that should your vehicle be written off or stolen and there be a shortfall on the amount you owe your finance provider, this policy will cover that shortfall

Insurance

  • Commercial vehicle and fleet insurance
  • Credit shortfall cover
  • Credit Protection Cover
  • Loss of income
  • Goods In Transit