FAQs
The Lazarus family has been involved in the South African retail motor business for over 67 years with the fourth generation of the founder, Reggie Lazarus, having joined Lazarus Motor Company in recent years to continue the family tradition of providing outstanding service to satisfied customers in line with the company slogan: “We lead. Others follow.”
Representing the world's most prestigious car brands with 6 dealerships, your perfect career move could be just around the corner.
Lazarus Motor Company is a registered financial services provider and conducts it's business in a professional manner.
Using our "Affordability Calculator" you can adjust the terms, deposit, interest rate and then view available cars that suit your budget.
Lazarus Motor Company is a licensed Financial Services Provider which offers financial advice or offers personal finance products, such as insurance, warranties and loans. We are Authorised and Regulated by the Financial Services Conduct Authority. FSP 46709
Lazarus Motor Company works with a number of credit providers who may be able to offer you finance for your vehicle purchase or repair.
Appraising your current car is free of obligation from Lazarus Motor Company and can be used as a deposit when buying a new car.
As in any market the price of goods is influenced by supply and demand. The Trade & Retail prices are generally accurate based on the quantity of sales within a rolling 12 month period. The higher the quantity (high volume) the more accurate the figures.
Given a car manufacturer sells two thousand specific new car models in a particular year via their dealer market, then the chances/probability are high that some of these models will return to the market as used vehicles in the following years. When this happens the Trade & Retail prices are relatively easy to calculate.
However, when the units are extremely low, typically with the more exotic vehicles, for example a new Ford GT (specific model) might only sell one or two times a year, in South Africa. The chances that these cars will be available on the used market are not high and as such the Trade and Retail prices will not be available or at best not very accurate.
When purchasing a new car, one of the first things most people look at is the price! The 'Recommended Retail Price' is determined by the manufacturer of the vehicle which they feel represents their vehicle's worth.
The first thing you should know about the 'Recommended Retail Price' is that it has little to do with the market value of the car. It is the price that the manufacturer recommends the dealer sells the car for. As such most new vehicles are not actually sold at this price.
The Trade Value of a vehicle is based on the year, "the vehicle was manufactured", and the exact make, model and optional extras. At times this becomes tricky to navigate, for example a dealer sells you a 2020 "manufactured" model in early 2021 and you expect to get the Trade Value of your car as per 2021, but the dealer is offering you the 2020 price.
TransUnion provides a monthly updated service to motor dealers with 2 values for each year model, namely the "trade" what you can expect when selling and "retail" what you can expect when buying. Both these values are calculated as an average since there are so many other factors to take into account, the mileage, condition, accident damage, spare key, tyres, paint work etc.
All cars in South Africa have a unique identifying code, known as Mead & McGrouther (MMCODE), which is administered by TransUnion.
Insurance companies and banks use this code extensively to uniquely identify the vehicle Make, Model & Derivative. They then couple the MMCODE with the first date the car was purchased to determine the Trade and Retail price of the car.
When the National Traffic Information System (NaTIS) switched to a more advanced electronic technology, the name changed to eNaTis and is under the control of South Africa's National Department of Transport. In essence, the system is essentially a national register, which records all the requirements of the National Road Traffic Regulations (NRTR) and National Road Traffic Act (NRTA).
eNaTIS records and manages:
- New car registration papers
- Used car registration papers, when the owner of the car changes
- Applications for learner's drivers licenses
- Applications for driver's licenses
- Replacement and renewal of driver's licenses
- Application for a Professional Driving Permit (PDP) used by taxi, bus, chauffeur, courier, long haulage etc. drivers
- Application to convert a foreign driver's license into a South African license
Original Equipment Manufacturer (OEM)
In the car industry the term "OEM" is often associated with genuine parts produced directly by your vehicle's maker. In other industries, OEM parts might be produced by one company and sold by another under their logo and branding. For example a windscreen wiper blade is manufactured by a company and then "white labeled" under the vehicle makers' brand.
The National Association of Automobile Manufacturers of South Africa (NAAMSA) is a trade organisation representing the collective, non-competitive interests of new vehicle manufacturers in South Africa as well as businesses involved in the importation and distribution of new motor vehicles in South Africa.
Presently, has the following Full Members:
- 7 x Local manufacturers
- 31 x Retailing OEMs
- 16 x Heavy Commercial OEMs
Source: NAAMSA.net
Yes you can, simply leave an enquiry on a specific car or contact us directly and one of our team members will assist.
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