The National Credit Act No 34 of 2005 was passed by Parliament on the 10th of March 2006. It is designed to achieve a number of objectives, most of which are to benefit and protect the consumer. The aim is to introduce a single, functional system of regulation that will apply to all credit activities, thereby ensuring that all credit providers and credit consumers are treated equally.
Broadly, the Act aims to reduce reckless credit behaviour, both by credit providers and consumers, and the level of over-indebtedness in South Africa.
As a forward-thinking Sales Executive in the motor industry, you’re not just about closing deals; you’re committed to providing exceptional service and building lasting customer relationships. But there’s a critical piece missing; understanding the financial landscape. Enter the Understanding the NCA Course — a game-changer for sales professionals like you.
The NCA’s Impact: The NCA isn’t just red tape — it’s a force for positive change. Here’s what it achieves:
Course Essentials: Together with our partner, Moonstone, we supply the Understanding the NCA Course, which covers it all — your obligations as a credit provider, consumer rights, and the do’s and don’ts. It’s practical, relevant, and tailored to your role. Plus, it’s not just theory; it’s actionable insights you can apply immediately.
Your Decision Matters: Investing in this course isn’t just smart — it’s essential for your role as a professional. You’ll be part of a movement towards responsible lending, ethical practices, and customer-centric sales. So, go ahead— make the excellent decision to boost your career.
👉 Enrol Now: Discover the NCA Advantage and elevate your sales game!
Learning Unit 1: An overview of the NCA
Learning Unit 2: Scope and Application of the NCA
Learning Unit 3: Types of Credit Agreements
Learning Unit 4: Rights of Consumers
Learning Unit 5: Credit and Affordability Assessment
Learning Unit 6: Credit Documentation
Learning Unit 7: Rates and Fees
Learning Unit 8: Marketing and Advertising
Ability to Offer End-to-End Service
With NCA accreditation, a Sales Executive can handle the entire sales process, from selling the vehicle to facilitating financing. This allows them to manage credit applications and ensure that customers can finance their purchase directly through them, improving the overall customer experience and creating a seamless transaction.
Increased Job Opportunities
Many dealerships prefer or even require Sales Executives to be NCA-certified because it reduces the need for intermediaries in credit-related processes. This makes NCA-accredited individuals more employable and valuable to dealerships, as they can handle both sales and finance.
Enhanced Earning Potential
By being able to assist with both vehicle sales and finance, NCA-accredited Sales Executives can often close deals more effectively, which can lead to higher sales commissions. It also positions them for greater career advancement opportunities, such as moving into sales management or finance and insurance (F&I) roles.
Compliance and Consumer Protection
The NCA qualification ensures that Sales Executives are knowledgeable about the National Credit Act and are compliant with legal regulations. This helps protect customers from predatory lending practices and ensures that all credit agreements are fair, transparent, and in the best interest of the customer.
Customer Trust and Confidence
Being NCA-certified gives Sales Executives an additional level of professionalism and trustworthiness in the eyes of customers. Consumers are more likely to trust a Sales Executive who is qualified to handle both the sale and the financial aspects of their purchase, which can result in higher customer satisfaction and repeat business.
Distinct Competitive Advantage
Not all Vehicle Sales Executives in the market are NCA-accredited. Obtaining the qualification sets a Sales Executive apart from their peers, giving them a competitive edge in an industry where credibility, expertise, and customer service are crucial.
In Summary
In summary, obtaining NCA accreditation enables a vehicle Sales Executive to offer comprehensive services, improve career prospects, ensure compliance with legal standards, and build greater trust with customers.
The Cadet is always looking for talent – people who are keen to learn and develop – and then get into a job and apply what they have learned. People who are willing to invest in themselves are then ready to reap the benefits of their preparation. People who want to succeed and exceed! People like you? If you are one of them, then …
We do classroom training as well as online training. That includes blended and micro learning options too. Contact us for a comprehensive list of possible training courses, delivered at your venue or off-site.
