1. What is the Star Plan Buy Back Guarantee?
Star Plan Buy Back Guarantee allows our customers to sell their car back to Glorious before the end date of their finance contract for a guaranteed buy back amount that is specified at the time of delivery and is similar or higher than other cars in its class.
2. Who is eligible for the Star Plan Buy Back Guarantee?
Any customer including individual or company who finances their cars under Star Plan Finance Program through our appointed finance company is eligible for the Star Plan Buy Back Guarantee meeting the minimum term requirements.
3. Whether a customer can use a Hong Kong registered company as a vehicle holder to enjoy a higher Buy Back Guarantee value?
If you agree to use a Hong Kong Registered Company which setup by Glorious be a vehicle holder. You will be the sole director and the shareholder in this company. In addition, this company can successfully apply the Star Plan Finance Program and your account must remain in good standing to complete all the loan repayment. You may enjoy a higher Buy Back Guarantee value.
4. Can I finance my insurance?
You are able to finance the InsureMyGlorious 3 Year Plan premium through Glorious when financing your vehicle loan with ORIX.
5. Is the finance company backing the Star Plan Buy Back Guarantee?
The Star Plan Buy Back Guarantee is an agreement between Glorious and the vehicle's original owner, and is separate from, independent of and does not affect the terms of your finance contract with the finance company.
6. Can I pay off my financing early?
If you choose to pay off your Star Plan Finance Program, you may do so but the Star Plan Buy Back Guarantee will not be applicable before 36 months. To exercise your Star Plan Buy Back Guarantee, your finance contract must remain open for a minimum of 36 months from purchase date and remain in good standing for the duration of the finance contract. Once you exercise the Star Plan Buy Back Guarantee the proceeds must be first directed to pay off any outstanding balance on your finance contract. If, after payment of the Star Plan Buy Back Guarantee to the finance company, an amount remains outstanding on your finance contract, you will be required to pay this outstanding amount in accordance with your finance contract from your own funds. If the proceeds from the Star Plan Buy Back Guarantee are in excess of the amount required to pay the outstanding balance under your finance contract to the finance company, then Glorious will pay the excess amount to you.
7. What are the stipulations (fine print) for the Star Plan Buy Back Guarantee?
To qualify for the Star Plan Buy Back Guarantee, you must finance a minimum of 55% of the vehicle (on approved credit) for a term between 36. To exercise the Star Plan Buy Back Guarantee, the Star Plan Finance Program must remain open for a minimum of 36 months after the purchase date, and the account must remain in good standing.
8. What are the mileage limitations on the Star Plan Buy Back Guarantee?
The Star Plan Buy Back Guarantee excess the mileage limit over 36 months we agreed. Glorious will have an excess charge for each kilometer over that amount. For early exercise the Star Plan Buy Back Guarantee, the mileage limit and excess charge will be recalculated on pro rata.
9. How do you adjust for any excess wear and tear on my car?
Glorious request you to employ an agreed inspection entities including Dealer / HKAA / Motormech / IPMC / HKMI to perform an appraisal of your car. We will adjust the Star Plan Buy Back Guarantee amount if we identify that your car in abnormal wear and tear or damage.
10. When can I return my Car?
You must return your vehicle to Glorious at the end date of Star Plan Buy Back Guarantee of your finance contract for the amount stated on your Star Plan Buy Back Guarantee.
11. Is the Star Plan Buy Back Guarantee transferable if I sell my car?
The Star Plan Buy Back Guarantee is an agreement between Glorious and the original registered owner only and may not be transferred to a second owner.
12. Does any requirement for the Star Plan Buy Back Guarantee related to vehicle maintenance?
Yes. To ensure safe driving and must not have taken any action that would void the Star Plan Buy Back Guarantee, the vehicle will need to be regularly maintained by Glorious Services Centre for every 6 months. All the technical staff in Glorious has reached the government qualifications framework. Our service charges are more favorable than car dealers.
13. Where can I find my Star Plan Buy Back Guarantee?
Your Star Plan Buy Back Guarantee will be delivered together with the Agency Appointed Agreement.
14. What is the process for getting approved?
You only provide HKID copy and recent address proof to Glorious, ORIX will follow up with a phone call to collect additional information including income verification documentation and communicate the approval decision directly with you.
15. Do I need to insure my car?
Yes, our service agents will call you to apply the vehicle insurance to finalize financing prior to delivery. You are able to finance your Star Plan Insurance 3 Years Plan premium with ORIX for an even greater savings. Learn more about the Star insurance plan.
16. What happens if there is a traffic accident?
When the accident occurred, according to the insurance company policy you should report the accident and apply claims through Glorious insurance.
17. Does the traffic accident affect the Star Plan Buy Back Guarantee Value?
Yes. Glorious will help you to apply insurance claims and provide you a professional repair solution. Please understand that we will adjust the Buy Back Guarantee Value depending on the damage after repair.