Absa Vehicle Finance is designed to offer flexible, hassle-free car finance for new and used vehicles. The bank will be able to tailor a finance deal to suit your needs with manageable monthly repayments. Value-added services include mechanical and electrical assistance to roadside assistance.Vehicle Finance offered:
Absa offers a comprehensive range of vehicle and other asset finance options that are designed to get you moving.
Instalment Sale Agreement
This is one of the most popular options and provides the option for you to own the vehicle while you are paying it off. You have the option to choose either a fixed or variable interest rate and there are also tax benefits if the vehicle is purchased by a business. This vehicle finance option is flexible. You can reduce your monthly payments by choosing a balloon payment or making an upfront deposit.
Repayment terms are offered between 24 and 72 months and there are no penalties for early settlement of the loan provided your finance amount is not more than R250 000.
By choosing a lease agreement, you get to enjoy the complete use of your vehicle without the hassles of ownership for the term of your lease. This option comes with lower, more affordable monthly payments which are also fixed.
You have the option of buying the vehicle at the end of the lease period without any obligations or you can change vehicles when you reach the end of your lease term or before. Repayment terms are between 24 and 72 months.
This option is convenient if you would like to pay only for the use of the vehicle. You have full and continual use of your vehicle without ever owning it. You have the flexibility of choosing a repayment period of up to 73 months and you have the benefit of fixed monthly payments.
Islamic Vehicle Finance
Absa offers this type of vehicle finance, which is fully Shari’ah compliant. There are flexible payment options as well as vehicle and fixed rental fees.
To find out more about Absa Vehicle Finance, call: 0860 669 669