Drive your dream car today with 0% deposit. Found the car that makes your heart race or still
looking for the right one? Wherever you are in your journey, Absa Vehicle Finance will make it easy
for you to be the proud owner of the car you always wanted.
- Financing for purchase of new and used vehicles
- Repayment periods from 12 to 72 months
- New vehicles are financed up to 72 months
- Used vehicles are financed up to 60 months (varies depending on the age of the vehicle)
- Loan approval within 24 hours (subject to meeting all requirements).
- Credit life insurance – covers death and permanent disability. If the death is caused by accident, additional benefit of P30 000 will be payable to beneficiaries
- Competitive comprehensive motor insurance cover available
- Retrenchment cover – to cover against loss of income caused by retrenchment, insurance will pay loan installments for up to 12 months.
- Valid driver’s license
- Quotation from an authorised dealer
- For loans with deposit, 10% deposit is required on new vehicles and 15 - 25% on used vehicles depending on the age of the vehicle
- Used vehicles applications should be supported by:
-Valuation report (authorised dealer)
-Copy of registration document
- Completed application form
- Current payslip
- Salary account with Absa Bank or three months bank statements from your current bank
- Valid Omang
- For non – citizens; passport, valid work and residence permit
- Confirmation of employment
- Confirmation of physical address
- Copy of your contract if you are employed on a contract basis
- Marriage certificate if you are married, and consent from your spouse where it applies
- Form A if you are married out of community of property
- Credit Life is compulsory
- Balances of all loans and credit cards
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