Commercial

Lease Agreement

Who doesn’t value choice? With a lease agreement you can keep your options open. Enjoy full, uninterrupted use of the car or other asset you finance for the term of the lease, and then either retain ownership or simply return the vehicle to us – it’s your choice.


How it works
  • Leasing a car or other asset usually means lower monthly repayments since you’re not buying the entire vehicle, only the part of its value that you ‘use up’ during the lease period
  • You can use or invest the money you save elsewhere
  • You can fix your maintenance costs
  • You have the option to buy the vehicle at the end of the lease period, but with no obligation to do so
  • You get compulsory comprehensive car insurance on the financed vehicle
  • We may ask you to pay an upfront deposit following a risk assessment

What you get
  • The convenience of driving a car or other asset without the hassle of ownership
  • Affordable, fixed monthly payments that are tax-deductible
  • At the end of the lease, you can choose to buy the asset at an agreed price, nominate a third party to buy it or continue to use it at a reduced or no rental fee
  • Choose between a fixed or variable interest rate
  • The option to make lower monthly repayments with a balloon payment at the end of the contractual agreement
  • Choose a repayment period of between 12 and 73 months
  • If you’re registered for Absa Online, you can link your vehicle finance account to your profile and view your financing details and transaction history
  • A financing solution that allows for early settlement without penalties
  • If you’re registered for Absa Online, link this account to your profile, view the financing details and monitor the outstanding balance and transaction history.
  • An affordable credit protection plan to settle the outstanding balance in the case of death, disability or retrenchment
  • If you are a registered customer for Absa Online, you can link your vehicle finance account to your profile and view your financing details and transaction history
Contact Support Centre
  • Call us on
    0860 040 302
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