Absa bank, a wholly-owned subsidiary of the Barclays Africa Group is a leading financial institution with a range of financial products and services offered to give South Africans access to quality banking solutions.
One of these offerings is Absa Car Finance, which is offered in a number of ways:
Instalment Sale Agreement
Once you’ve chosen the vehicle or other asset you want, the next step is to agree on an interest rate, monthly repayment amount and repayment period.
Ownership of the vehicle automatically transfers to you once the loan has been repaid. With this type of finance, you have a choice between either a fixed or variable interest rate. There are no penalties for early settlement of the loan and you also have between 12 and 73 months to repay the loan.
This option lets you enjoy full, uninterrupted use of the car for the term of the lease. You have the option to buy the vehicle at the end of the lease period, but with no obligation to do so. This type of finance offers affordable, fixed monthly payments that are tax-deductible.
With a Rental Agreement from Absa Car Finance, you have full and continual use of your car without ever owning it. This may be ideal for when you need to use an expensive vehicle, but you don’t want to buy it
Islamic Vehicle and asset finance
Green vehicle finance
Commercial Asset finance
If you are interested in buying a car, it may be worthwhile to contact Absa and find out more information about Absa Car Finance and what it takes to qualify.
If you would like to speak to a consultant and find out more about Absa Car Finance, call: 0860 669 669. You can also visit their website here: www.absa.co.za