We do not only offer you great range of vehicle finance solutions, but also credit protection options, a choice of warranties and extended cover to assist you in your journey ahead. 

Our vehicle finance solutions

Solution
 
Key Features
 
Instalment Sale Agreement
Instalment Sale Agreement
 
  • Own the vehicle while you are paying it off.
  • Reduce your monthly payments by choosing a balloon payment or pay a deposit.
  • Choose paying your loan off between 24 and 72 months.
  • Fixed or variable interest rates.
  • The car belongs to you after you have paid it off.
  • A credit protection plan is available.
  • You get access to Absa Online. Instalment finance is not available for cars older than 5 years. Consider taking out a personal loan.

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Lease Agreement
Lease Agreement
 
  • You have use of the vehicle for the lease period.
  • You can reduce your monthly payments by choosing a balloon payment or pay a deposit.
  • Choose a monthly repayment option of paying your lease between 24 and 72 months.
  • Fixed or variable interest rates.
  • You have the option of buying the vehicle at the end of the lease period without any obligations.
  • An affordable credit protection plan is available. 
  • You get access to Absa Online.
  • An initiation fee and a monthly service fee are charged on all new contracts.

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Rental Agreement
Rental Agreement
 
  • Affordable, fixed monthly payment.
  • Choose a repayment period of up to 72 months.
  • Fixed or variable interest rate.
  • Drive the vehicle of your choice without the hassles of ownership.
  • A credit protection plan is available.
  • You get access to Absa Online.
  • A risk assessment may require you to pay a deposit upfront.

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Islamic Vehicle Finance
Islamic Vehicle Finance
 
  • Enjoy access to a car for a fixed period and price.
  • Reduce your monthly rental fee when you have extra cash.
  • Variable or fixed rental fees. At the end of lease, you can buy the vehicle at an agreed price or nominate a third party to buy it.
  • You can also use it at a reduced or zero rental fee.
  • We offer insurance cover with access to a range of free services.
  • You get access to Absa Online.
  • 100% financing and tax benefits available.

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Our credit protection options

Death, permanent disability or specified dread disease can leave you in a situation where you’re unable to cover your debt. That's why credit protection cover is so important when you're paying off a vehicle. It covers the amount owed on your car and will pay your financial agreement instalments if you're retrenched or temporarily disabled.

Solution
 
Benefits
Minimum entry age
Maximum entry age
Term of agreement
Maximum sum insured
Plan A
Plan A
 
  • Death
18 years
60 years
Maximum 84 months
R1 000 000
Plan B
Plan B
 
  • Death
  • Disability
18 years
60 years
Maximum 84 months
R1 000 000
Plan C
Plan C
 
  • Death
  • Disability
  • Dread disease
18 years
60 years
Maximum 84 months
R1 000 000
Plan D
Plan D
 
  • Death
  • Disability
  • Dread disease
  • Retrenchment
18 years
60 years
Maximum 84 months
R1 000 000
Solution
 
Benefits
Minimum entry age
Maximum entry age
Term of agreement
Maximum sum insured
Taxi
Taxi
 
  • Death
  • Disability
  • Dread disease
18 years
60 years
Maximum 84 months
R500 000
Platinum Protection
Platinum Protection
 
  • Death
  • Disability
  • Retrenchment
  • Accidental death
18 years
60 years
Maximum 84 months
R750 000


Underwritten by Absa Life Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Our warranty options

Solution
Cover period
Cover
Ultimate Extended Warranty
Ultimate Extended Warranty
2 years
  • Repair or replacement of components due to unforeseen mechanical breakdown or electrical failure
  • Cover is available for new or used vehicles
  • Transferable with the vehicle when you sell your vehicle
  • Cover for a period of two years

Underwritten by Absa Insurance Company Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Ultimate Pre-Owned Warranty
Ultimate Pre-Owned Warranty
2 years
  • Repair or replacement of components due to unforeseen mechanical breakdown or electrical failure
  • Cover is available for new or used vehicles
  • Transferable with the vehicle when you sell your vehicle
  • Cover for a period of two years

Underwritten by Absa Insurance Company Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Our extended cover option

Solution
 
Cover
Extended cover with small repairs
Extended cover
 

If you have a fully comprehensive car policy in place, extended cover will complement this and ensure that you can cover any shortfalls or small repairs on your vehicle.

Benefits include:

  • Credit Shortfall Cover
  • Photo Finish Benefit
  • Excess Benefit
  • Unintentional violation of policy conditions on your underlying insurance
  • Car Hire Benefit
  • RoadCover Benefit
  • Finance, deposit and registration / Licensing Administrative fees Shortfall Protector

Underwritten by Absa Insurance Company Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

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Contact us about our value-adding insurance products

Credit Protection Cover

Death, permanent disability or specified dread disease can leave you in a situation where you’re unable to cover your debt – which is why credit protection cover is so Important when you’re paying off a vehicle. This product covers the amount owed on your car, and will pay your financial agreement installments if you’re retrenched or temporarily disabled.

Underwritten by Absa Life Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Email us for more information:

Vehicle.creditprotect@absa.co.za

Apply

Extended Cover

Make sure you are adequately covered for the difference between the outstanding balance on your vehicle finance account and the retail value in the event of a total loss of your vehicle. Extended Cover also includes cover for car hire, excess payments, minor cosmetic repairs, and Road Accident Fund claims.

Underwritten by Absa Insurance Company Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Email us for more information:

Extended.cover@absa.co.za

Apply

Mechanical Breakdown Warranty

Apart from leaving you stranded, a breakdown could also have dire financial consequences. Various vehicle warranty options are available that will cover the often huge costs associated with the mechanical or electrical breakdown of your vehicle.

Absa Vehicle and Asset Finance (AVAF) will include the premium of the Mechanical Breakdown Warranty in the vehicle finance agreement.

Underwritten by Absa Insurance Company Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Email us for more information:

Absa@za.innovation-group.com

Apply

Need more help?

Need more help?

Let one of our consultants help you get the best loan for your needs.

Call us on:

0860 669 669

Call Islamic car finance on:

0860 000 786

Visit your nearest branch