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Author Topic: Anyway around Wesbanks "Titleguard" BS?  (Read 1319 times)

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Offline Roadhawg

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Anyway around Wesbanks "Titleguard" BS?
« on: May 03, 2015, 01:03:17 pm »
I'm looking at buying a KTM Adventure from a private seller, I remember from my previous experience financing a bike that just as you think you've done all the maths and can just afford things, they whack you another R3000 for this TitleGuard bollocks.  I remember last time that all they did for this amount of money was send a couple emails to the seller and me :dousing:

Is there any way around this with Wesbank?  The purchase price is already at the limit of what I can do, and adding another 3grand for no reason really grates me.
 

Offline JustBendIt

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Re: Anyway around Wesbanks "Titleguard" BS?
« Reply #1 on: May 03, 2015, 07:17:32 pm »
No

Unless you can get the seller to agree to a R3 000 drop in price

Just tell him that's all you've got - no more - and be prepared to walk away from the deal if he does not drop price

If he really wants to / has to sell then I'm sure he will drop price

Titleguard will not reduce their contract fee - believe me I have tried
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Offline Roadhawg

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Re: Anyway around Wesbanks "Titleguard" BS?
« Reply #2 on: May 04, 2015, 08:30:29 am »
 :-[  Guess I need to save a bit more.
 

Offline Operator

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Re: Anyway around Wesbanks "Titleguard" BS?
« Reply #3 on: May 04, 2015, 08:45:35 am »
The Titleguard route is unfortunately the route that you have to go if you want to
do a private-to-private deal through Wesbank.
Like it.......or not.........that is how their system work.
 

Offline Roadhawg

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Re: Anyway around Wesbanks "Titleguard" BS?
« Reply #4 on: May 04, 2015, 10:45:01 am »
The Titleguard route is unfortunately the route that you have to go if you want to
do a private-to-private deal through Wesbank.
Like it.......or not.........that is how their system work.

It's absolute BS though.  R3500 to send a few emails. They don't do anything. The seller still has to mission to do all the work.
 

Offline Operator

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Re: Anyway around Wesbanks "Titleguard" BS?
« Reply #5 on: May 04, 2015, 10:56:10 am »
The Titleguard route is unfortunately the route that you have to go if you want to
do a private-to-private deal through Wesbank.
Like it.......or not.........that is how their system work.

It's absolute BS though.  R3500 to send a few emails. They don't do anything. The seller still has to mission to do all the work.

No they handle the all the admin and they even go and do the registration at the traffic department.

In the end, it may be up to you to go to the traffic department to do the licensing to
get the numberplate number.

In a way they make sure that everything is legit and done properly.
In a way they are protecting themselves........and you are paying for it, but they are also
protecting you against some fraudulent transaction or faulty registration etc.....
Maybe R3500 is a bit excessive, but it is not like you are not getting anything back
in return for your money.
Just let them finance the amount. It is only gonna add a few Rand a month to
your payment.
 

Offline Nick The Bear

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Re: Anyway around Wesbanks "Titleguard" BS?
« Reply #6 on: May 29, 2015, 04:26:57 pm »
You can try and approach a bike dealer and ask them to facilitate the deal for you as some Dealers will do it for a bit less than R3000. They will make a commission from the bank for doing the deal so they are happy to facilitate these deals.
 

Offline TheBear

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Re: Anyway around Wesbanks "Titleguard" BS?
« Reply #7 on: May 29, 2015, 04:48:40 pm »
The Titleguard route is unfortunately the route that you have to go if you want to
do a private-to-private deal through Wesbank.
Like it.......or not.........that is how their system work.

It's absolute BS though.  R3500 to send a few emails. They don't do anything. The seller still has to mission to do all the work.

Not BS.  It is called capitalism.
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