Finance your Car
Who doesn’t value choice? A Lease Agreement allows you to keep your options open. You can enjoy full, uninterrupted use of the car or other asset of your choice for the term of the lease and then either opt to retain ownership or simply return the vehicle to us - it’s your choice.
Leasing a car or other asset usually means lower monthly repayments as well, since you are not buying the entire vehicle, only the part of its value that you ‘use up’ during the lease period.
If you like to change cars every few years and would rather invest or use the money you save each month in lower repayments, a Lease Agreement from Absa could be the right choice for you.
A Lease Agreement could be the right choice if you:
- Like to change cars frequently
- Would prefer to pay lower, affordable monthly repayments
- Would like to fix the cost of your maintenance costs
- Would like the option of buying the vehicle at the end of the lease period, without the obligation of having to do so
- The convenience of driving the car or other asset of your choice without the hassles of ownership
- Affordable, fixed monthly payments that are tax deductible
- At the end of the lease, you can choose to purchase the vehicle or other asset at an agreed price, nominate a third party to buy it, or continue to use it at a reduced or null rental fee
- Fixed or variable interest rates
- The flexibility of choosing a repayment period of 24, 36, 48, 60 or 72 months
- The choice of lower monthly repayments by opting to make a balloon or residual value payment at the end of the lease
- A financing solution that allows for early settlement without penalties
- 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 leased vehicle
- A risk assessment may require you to pay a deposit upfront at the start of the lease
- Affordable Credit Protection Plan to settle the outstanding balance in the case of death, disability or retrenchment