MBSA Quiz Answers

Here are some expanded answers to the quick quiz questions. Don’t forget to take a look at how you’re doing on the leaderboard at the bottom of the page.

QUESTION 1 ANSWER

Which customer is 50/50 Finance best suited for?

• Individuals with seasonal income or cash customers ✅
• Customers who want to settle the capital upfront
• Customers looking for long-term finance options up to 60 months
• Customers interested in flexible rental-based vehicle options

50/50 Finance is best suited for customers who earn seasonally or prefer to pay a portion of the vehicle price upfront. With this option, 50% of the vehicle cost is paid immediately, while the remaining 50% is due after a short 12-month period, offering flexibility and convenience for cash-savvy buyers.

QUESTION 2 ANSWER

Which of the following is NOT an option with 50/50 Finance?

• Pay monthly instalments over a 72 month period ✅
• Pay 50% upfront and finance the rest over 12 months
• Service the interest monthly and settle the capital at term end
• Settle interest and capital as a lump sum at the end of 12 months

50/50 Finance is structured as a 12-month short term contract that helps individuals manage their cash flow more effectively. It provides flexibility by giving customers the option to pay interest monthly or to pay both the interest and remaining principal debt in a single lump sum at the end of the term.

QUESTION 3 ANSWER

What is NOT an option at the end of a 50/50 contract term?

• Return the car for grounding ✅
• Refinance the balance of the 50% owed with MBFS
• Customer’s account is debited for the final outstanding payment at the contract end
• Trade-in the car for a new one

At the end of a 50/50 contract term, customers have several flexible options. If their financial circumstances have changed, they can opt to refinance the outstanding amount through MBFS. Since 50% of the car’s value was paid upfront, the vehicle is most likely in equity, making it straightforward for customers to trade it in for a new one. Alternatively, the final payment can be automatically debited from the customer’s account at the end of the contract. However, as this is an ownership finance agreement (no GFV), returning the car for grounding is not an option.

QUESTION 4 ANSWER

What factors might lead to a customer’s finance application being declined or receiving less favourable terms?

• Having a low credit score or poor credit history ✅
• Choosing to purchase a used vehicle
• Declining to make balloon payment
• Preferring a fixed interest rate

Customers with poor creditworthiness or a low credit score may be declined or offered less favourable terms. Lenders assess credit risk to determine financing eligibility and conditions, so a strong credit profile helps secure better terms. Other factors, such as vehicle type or payment preferences, generally do not directly impact approval or terms as much as credit history.

QUESTION 5 ANSWER

What is the main benefit of MBFS’s FlexiFix finance?

• Fixing your monthly instalment while still benefiting from lower variable interest rates ✅
• Paying no interest at all
• Only paying at the end of the contract
• Reducing the purchase price of the vehicle

Flexi Fix allows peace-of-mind by fixing your monthly instalment, without fixing the interest rate to allow for potential rate reductions. Fixed rates often come at a higher-than average rate. This is the best product to offer budget-sensitive customers in an environment where rate reductions are expected.