SM
Siyabulela M

1 reviews | Active since Aug 2019

01 Aug 2019, 13:09

ABSA vehicle finance

I got into an accident with my previous vehicle and my insurance wrote off the car. Upon requesting the settlement amount I received a message notifying me that i will get a cashback should I finance my next vehicle with ABSA. The settlement amount was paid by my insurer and there was a shortfall that i had to pay. I queried the issue of the cashback and was told that I will get it upon completion of the settlement, for the previous car. In seeking finance for my next vehicle, i did not look at other finance houses as I was looking at the cashback and the fact that i had financed with ABSA before. I have completed and settled the previous finance and the new one is already active. I am now told that the cashback only applies to those who settle their debt personally and not via an insurance.

This is unfair and wrong as it influenced my decision making on taking further finance with ABSA. Now that they have the finance agreement they do not want to pay the cashback. Please assist in clarifying this matter as i feel that i am being ******.

0
Replies (2)
Absa
Absa's reply01 Aug 2019, 15:25
Official
Dear Customer  
Thank you for bringing this matter to our attention. We will investigate the matter and furnish feedback once matter has been resolved.
  
Regards
  
Pravesh Bejay
Specialist Case Manager
Customer Value Management 
SM
Siyabulela M's update02 Sept 2019, 19:12
Reviewer Update
Issue was resolved timeously, thank you absa. Although I certainly hope that it will not happen again.