Since Jetour’s official entry into the South African market this September, the up-and-coming SUV brand has partnered with WesBank to create Jetour Finance, offering a suite of financing options tailored to meet diverse customer needs. This strategic collaboration introduces affordable vehicle finance solutions under the Jetour Finance brand—a division of WesBank and FirstRand Bank—opening new pathways for South African buyers seeking affordable, quality SUVs.
This November, customers can explore three competitive financing options for each of Jetour’s two flagship models: the sleek, 5-seater Jetour Dashing and the versatile, adventure-oriented 7-seater Jetour X70 Plus. With these plans, Jetour Finance underscores its commitment to affordability by offering below-prime financing rates, even in a challenging economic landscape where value-for-money propositions are crucial.
Financing Options That Cater to Every Buyer
Effective November 1st, South Africans have access to structured financing plans that cater to different deposit preferences, all designed to keep monthly payments manageable. Here’s a breakdown of the available options:
- Dashing 1.5T Momentum (5-seater):
- Option 1: No deposit required, 72-month term, and a 40% balloon payment. Interest rate is linked at 8.5% (Prime -3.0%), yielding a monthly payment of R6,099.
- Option 2: 10% deposit, 72-month term, 40% balloon payment, with an 8.07% interest rate (Prime -3.43%), resulting in a monthly installment of R5,199.
- Option 3: 12% deposit, 72-month term, 40% balloon payment, with a 7.9% interest rate (Prime -3.6%), making the monthly payment R4,999.
- X70 Plus 1.5T Momentum (7-seater):
- Option 1: No deposit required, 72-month term, and a 40% balloon payment. Interest rate is linked at 8.49% (Prime -3.01%), with a monthly payment of R6,299.
- Option 2: 10% deposit, 72-month term, 40% balloon payment, with an 8.17% interest rate (Prime -3.33%), for a monthly cost of R5,399.
- Option 3: 12% deposit, 72-month term, 40% balloon payment, with an 8.03% interest rate (Prime -3.47%), resulting in a monthly payment of R5,199.
For added value, every Jetour purchase includes exclusive limited-edition Jetour apparel, providing customers with a branded accessory to accompany their new vehicle.
A Milestone for Jetour in South Africa
Despite South Africa’s fluctuating economic climate, Jetour’s market entry has already made an impression. At the recent Jetour SA launch event, WesBank Head of Sales Colin Squair commented on Jetour’s timely approach, stating, “Brands like Jetour are getting it right by providing high-quality, value-packed vehicles that offer exceptional value for money during tough economic times.” This sentiment is underscored by Jetour’s recent sales milestone, with 568 vehicles sold across the Dashing and X70 Plus ranges in just a few short weeks.
The Road Ahead with Jetour Finance
By teaming up with WesBank, Jetour Finance sets a benchmark for accessible vehicle financing, a move that could solidify the brand’s foothold in the local market. However, buyers should be mindful of standard fees, including a R69 monthly administrative charge and an initiation fee of R1,207.50, which add to the total credit cost. Finance options are subject to approval and specific terms and conditions, with credit criteria applying to all applications.
As Jetour’s journey in South Africa gains momentum, its collaboration with WesBank signals a promising future for customers seeking quality SUVs with financial plans tailored for real-world affordability.
