Absa Car Finance up to R1.2 million available in South Africa

Absa Car Finance provides Car Loans of any amount using the Installment Sale Agreement if you want to buy a car. Absa Car Finance Repayment periods are 24, 36, 48, 60 or 72 months.

Start driving the car of your dreams today with flexible, hassle-free car finance options for new and used vehicles and other movable assets, including caravans, trailers, boats and bikes. Let us help you achieve your dreams and aspirations using Absa Car Finance.

Buying a car is an exciting step. It can be one of the biggest and most important purchases you make using Absa Car Finance. Don’t let worrying about how you are going to finance the deal ruin the moment; make sure it’s an occasion you can get caught up in and enjoy, by finding a car loan that suits your needs and pocket.

Absa Car Finance Installment Sale Agreement

Whether you are buying your first or fiftieth car, there is no other feeling quite like getting behind the wheel and realizing it’s all yours. With an Installment Sale Agreement from Absa you can experience the joys of immediate ownership and purchase the vehicle of your choice with a loan that you pay off over an agreed period of time.

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. Not only does ownership of the vehicle automatically transfer to you once the loan has been repaid, but this option affords you a degree of convenience and flexibility. For example, you can decide to reduce your monthly payments by building in a balloon payment at the end of the repayment term or electing to make a deposit upfront.

Absa Car Finance Not right for you? Perhaps renting or leasing will suit you better.

An Installment Sale Agreement could be the right choice if you:

  • Want the car to belong to you once the loan amount has been paid
  • Would like to enjoy benefits of ownership during the repayment period
  • Would like a customised repayment plan, with options to pay the loan off between 24 and 72 months

What you get from Absa Car Finance?

  • An asset that becomes entirely yours at the end of the contractual period and once all monies have been paid
  • Fixed or variable interest rates
  • A financing solution that allows for early settlement without penalties
  • The option of lower monthly repayments through a balloon payment or a residual value payment at the end of the repayment period
  • The flexibility of choosing a repayment period of 24, 36, 48, 60 or 72 months
  • If you are registered for Absa Internet Banking, link this account to your profile and be able to view the financing details, and monitor the outstanding balance and transaction history.
  • Compulsory comprehensive car insurance on the financed vehicle
  • An initiation fee and a monthly service fee charged on all new contracts
  • Your instalment sale agreement may require you to pay an initial deposit
  • Affordable Credit Protection Plan to settle the outstanding balance in the case of death, disability or retrenchment

Absa Car Finance Requirements:

  • Personal details including a valid Identity Number or passport number
  • Address details
  • Employment details
  • General information e.g. banking details
  • Details of the vehicle or other asset to be financed
  • Summary of your monthly income and expenses
  • Details of insurance where applicable

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Absa Car Finance Contacts:

Call us on 0860 669 669 or +27 (0) 11 350 4000
Absa Towers East
3rd Floor
170 Main Street

e-mail: absa@absa.co.za

or Visit your nearest branch

Absa Car Finance a better approach to vehicle financing.