Used Vehicles

Globe Finance Inc. offers easy terms for Used Vehicle Financing. Vehicles are financed under a Hire Purchase Agreement. These terms are:

  • Down Payment - Minimum of 15% of cost. (rates vary for commercial vehicles)
  • Repayment Term - The repayment term will depend on the age of the vehicle. Globe does not offer finance for vehicles older than 6 years. Please see table below for financing terms:

    Year of Vehicle

    Maximum term


     3 years


    3.5 years


    4 years


    5 years


    5.5 years


    6 years


    6.5 years


    7 years

  • Interest Rate - 8.5%. (rates vary for commercial vehicles)

You may use our "loan calculator" to calculate your monthly payment.

Globe will require the following information in order to process your application quickly:

For Individuals:

  • A proforma invoice or letter from seller
  • A valuation from the local authorized dealer.
  • Proof of income and employment (i.e. Job letter & two recent payslips).
  • Barbados ID card or Valid Barbados Passport.
  • Valid Drivers License
  • Proof of address

For Companies:

  • A proforma invoice or letter from seller
  • A valuation from the local authorized dealer.
  • Copy of Certificate of Incorporation or Business Registration.
  • Company By-laws.
  • Identification and proof of address for the Directors of the Company.
  • Financial Statements or at least 6 months bank statements.

    In all cases the vehicle must be insured "Comprehensive" and the insurance policy must be assigned to Globe Finance Inc.

    Globe Finance Inc. can provide you with a quotation for your insurance through Sagicor General Insurance Inc. and can also give consideration to providing a finance package on your insurance premium covering 80% of your premium over 10 months.

    For further information please contact one of our Finance Executives at (246)-426-4755 or e-mail us at

    You may also complete the online application form and submit it to us.
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