Vehicle Care Group is a business that provides financing services to the used vehicle trade and related consumers in South Africa.
Provides off-balance sheet working capital to used vehicle dealers as high-interest, short-term loans.
VCG Flexidrive offers a rent-to-buy option to consumers who cannot easily obtain bank funding. They have a fleet of over 360 vehicles.
While the economics are similar to the VCG Invest business, the underlying credit exposure is different and the loans are typically for a longer period.