
Auto Loan
What’s the best way to finance that luxury dream car? Come in to COK and apply for a motor vehicle loan. You can drive away with up to 100% financing on motor vehicle loans for 2013 and newer motor vehicles!
AS LOW AS 7.45%
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BEST RATES ANYWHERE
Year of Vehicle |
% Financing |
Terms |
Rate |
2021 |
100% |
Up to 120 months |
7.45% |
2020 |
100% |
Up to 96 months |
8.5% |
2018-2019 |
100% |
Up to 78 months |
8.5% |
2016-2017 |
100% |
Up to 78 months |
9.99% |
2015 |
100% |
Up to 78 months |
10.49% |
2014 |
100% |
Up to 60 months |
10.99% |
2013 |
70% |
Up to 60 months |
12.49% |
2012 |
70% |
Up to 54 months |
14% |
2011 |
70% |
Up to 48 months |
15% |
Up to 100% financing available!
*Conditions apply
Job Letter stating salary, position, length of employment; plus last two months pay slips. Print out of savings/current account transactions for at least 6 months OR updated bank book (if required)
- IF SELF-EMPLOYED: Financials prepared by a Certified Chartered Accountant & stamped
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- Income & Expenditure Statement for last 2 years
- Balance Sheet
- Cash Flow Statement and Cash Flow projections (for at least three years)
- Credit reference
- Print out of savings/current account transactions for at least 11 months OR updated bank book
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- Tax Registration Number (TRN) Card
- Valid ID (Driver’s Licence, Voter’s ID, COK ID); VALID Jamaican Driver’s Licence**
- Passport size photograph
- Completed Application Form with contact information of two relatives & two references (non-related)
- Current Valuation **(done in the last 6 months) – Valuations must include front, back, embodied chassis # on vehicle and VIN plate pictures.
- Completed Expense form and Statement of Affairs (to be provided by COK)
- Recent utility or any other bill in member’s name with current address (Proof of Address)
- Pro Forma Invoice (reflecting price of the vehicle
- Import Entry – C87 (all pages)
- Certificate of Fitness and Certificate of Registration
- Copy of Title**
- Evidence of deposit on motor vehicle – Receipt (see deposit and share requirements for motor vehicles)
Notation: Vehicle must be comprehensively insured & open for one year. All loans will be salary deducted where applicable
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- Guarantor (if applicable)
- Job Letter stating salary, position, length of employment; plus last two months pay slips
- Print out of savings/current account transactions for at least 6 months OR updated bank book (if required)
- IF SELF-EMPLOYED: Financials prepared by a Certified Chartered Accountant & stamped
-
-
- Income & Expenditure Statement for the last 2 years
- Balance Sheet
- Cash Flow Statement and Cash Flow projections (for at least three years)
- Credit reference
- Print out of savings/current account transactions for at least 12 months OR updated bank book
-
- Tax Registration Number (TRN) Card and Valid ID (Driver’s Licence, Voter’s ID, COK ID)
- Passport size photograph
- Signed guarantor form witnessed by a Justice of the Peace
- Recent utility or any other bill in guarantor’s name with current address (Proof of Address)
*CONDITIONS APPLY
- Caribbean Loss Adjustors;
- Management Security Consultants;
- Automobile Valuators & Consultants;
- Auto Assessors Ltd.,
- Advance Insurance Adjusters,
- Orion Loss Adjusters,
- MVA Motors Consultants Ltd.