What can we assist you with?

Buy a car or moveable asset with Absa. We assist you every step of the way, from finding a car to getting up to 100% finance and vehicle insurance.

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How much can you afford?

Use our handy calculator to find out what your monthly repayment will be.

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Get expert assistance
Speak to a specialist

Our vehicle finance specialists will assist you with any questions you may have about applying for Absa Vehicle Finance.  

Visit your nearest branch
Or call us on
0860 669 669.

Here’s how we can help you buy a vehicle

Firts time buyer

Your roadmap to buying a vehicle

  • Pick the payment option to suit your pocket

    Put down a deposit
    • Paying a deposit can help reduce monthly payments.
    • A deposit reduces the capital amount of your loan and you will pay less interest over the term.
    • You can buy your dream car without paying a deposit, subject to approval from your bank.
    • Whether you are buying a new or used car, always check the car.
    • Get a full car history report by logging into the national traffic information system (eNatis) and downloading the forms.
    • Ask the dealer or seller for service receipts and bills or arrange for a manufacturer’s printout.
    • Get conditions of the finance deal clearly expressed in writing.
    • If a car you considered buying fails a mechanical inspection, make sure that you have the option to get your deposit or payment back.
    Trading in your old car before buying your new wheels
    • When you buy your new car from a dealership, you may consider trading your old car in.
    • Compared to selling your car privately, trading in your old car takes away the hassle of looking for a private buyer.
    • Before trading in your car, find out your car’s value.
    • Shop around for the best trade-in deal.
    • Make sure your car is presentable – clean and in good condition in and out.
    • Ensure that you have a desired amount in mind when trading in your car.
    • If your car is still under finance, make sure you know what the settlement amount is.
    Balloon payments

    A balloon payment amount is a lump sum payment that is due to the financier (bank) at the end of the loan term after all monthly repayments have been made.

    It affects the amount of your monthly repayments as well as the amount you will owe at the end of the loan term.

    For example: If you borrow R200 000 over 5 years and select to have a R50 000 balloon payment on your loan, your monthly repayments will be lower than if you didn’t have a balloon payment. However, you will still owe R50 000 on your car at the end of the 5-year term. You can reduce the residual amount by making a bigger once-off payment during the repayment term.


    • You may pay lower monthly instalments.
    • No deposit is required.
    • You can sell your car at the end of the loan term and use the money to pay the loan off.


    • You pay more interest as the capital amount you owe doesn’t decrease as fast as without a balloon payment. It is similar to a credit card that generates interest monthly while the full debt is still due at some point.
    • If you decide to trade in your vehicle, the outstanding balloon amount will be subtracted from the trade-in price. 
    • If you do not make additional payments, you will still owe a lump sum at the end of your repayment term.
  • Insuring and maintaining your car

    We can cover your vehicle against loss, accident, theft and write-off

    Our car insurance products are tailor-made for you, offering you a range of choices to choose from, including:

    • Comprehensive insurance
    • Third-party, fire and theft
    • Third-party only

    Tell me more


    Our mechanical breakdown warranty is a mechanical breakdown insurance policy that covers your vehicle against mechanical failure and related costs.

    It provides:

    • Cover for new and used passenger and light commercial vehicles, following the expiry of the manufacturer’s warranty.

    Compare our solutions

    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:

    • Shortfall benefit. When a vehicle is stolen or written off and the underlying insurer has settled the claim, a shortfall may arise between this payment and the outstanding capital at the bank. This benefit ensures you are adequately covered for the difference between your outstanding balance on your finance account and your retail value in the event of a total loss of your vehicle, minus the excess amount.
    • Excess cover. This benefit ensures you are placed in the best financial position in case of the loss of your car. It settles your vehicle finance account with the amount which you paid as excess on your underlying insurance claim up to R10 000.
    • Unintentional violation. If your vehicle is damaged, stolen or written off and a term or condition of the underlying policy is unintentionally violated (or not complied with) this could result in the rejection of the claim. Should this happen, extended cover will cover this amount.

    Compare our solutions

    Contact us

    Email us for more information on our value-adding insurance products:

    Credit Protection: Vehicle.creditprotect@absa.co.za

    Warranty: Absa@za.innovation-group.com

    Extended Cover: Extended.cover@absa.co.za

  • New or second-hand - what’s best for you?

      Buying new Buying used
    PROS It has the latest features and updated technology.
    It’s an affordable option if you have a small or fixed budget.
      Freedom of choice – you can consider a variety of vehicles. Resale value – depreciation is usually a good reason to buy used instead of new.
      You have more choices about colour schemes or trim combinations and extras or upgrades. When buying a used vehicle, it is safer to buy a vehicle that has been quality checked and certified by a dealer.
      A good time to buy new is when dealers offer discounts on outgoing showroom stock. “Barely used” and “demo” cars can often include a warranty and maintenance plan.
      Buying new Buying used
    CONS It is considerably more expensive than buying used. It’s a risk as a used car can cost you more over the lifespan of the vehicle.
        You don’t know how well a used car was looked after.
        It may require more maintenance and repairs far sooner than a new car.
        Used car repairs are often not covered by a warranty.
        Available features, choice of colour, etc. are often limited.

Here’s how we can help you buy a vehicle

Buying Another Vehicle

What you need to know when buying another vehicle

  • Do you first want to sell your other vehicle?

    Selling your vehicle privately

    You can often get a higher price if you sell your car privately.

    Tips for selling privately

    • When you write your ad, always be accurate, honest and concise.
    • Ensure that you have good quality photos of your car.
    • Don’t ask for too high or too low a price - this can make buyers wary.
    • Make sure that your motor vehicle is clean when prospective buyers come to view and test drive the car.
    • When you take a buyer out to test drive your car, make sure you have adequately screened him/her for your own safety.
    • Have all documentation - such as the service history and instalment receipts.
    • Ensure the car is roadworthy by obtaining a roadworthy certificate from a reputable company.
    Selling to a dealer

    Although it’s a safer option when you sell your car to a dealer, you must know that you could probably get a better price selling your vehicle privately. However, if you already have a car and are planning on buying a new one through a dealer, then it’s a good idea to sell to a dealer because they will consider trading in your old car as a part of the deal irrespective of brand.

    Tips for selling to a dealer

    • Shop around for the best deal you can get, but if you find that you are not getting the price you want - consider a private sale.
    • Dealers are often willing to negotiate, so don’t settle for the first deal you get.
    • If your car is currently financed, ensure you have the amount that is needed to settle your loan or you will be liable for the shortfall.
    • You do not have to stick to the same brand of car – dealers offer trade-ins on any brand.

    Find a dealer

  • Do you want to buy a vehicle older than 7 years?

    Buying a vehicle older than 7 years is an affordable option if you have a fixed budget. You could get the most value on a used vehicle for the least amount of money.

    Things to consider:

    Resale value

    • Depreciation is usually a good reason to buy used instead of new, but vehicles in high demand tend to retain their value better. 
    • Some brands have lower depreciation and better resale value because of their quality and reliability records.

    Certified programmes

    • Buying used has been improved in recent years by certified programmes in which used cars are quality checked by dealer groups before resale.
    • Usually, only late-model, relatively low-mileage vehicles with no history of major accident damage are considered for quality checks.
    • The vehicles are inspected for mechanical and cosmetic defects and restored to like-new status.
    • They are usually sold with a warranty that often includes similar features to those offered in a new vehicle warranty.
    • On the downside, certified used cars are generally sold at a premium. However, the extra outlay is perceived to be worth the peace of mind that quality checked vehicles provide.

Things to consider when searching for a vehicle

Looking For A Vehicle

Find your dream car

  • You can buy a repossessed vehicle

    The benefit of buying a repossessed vehicle at an auction is that cars are offered at wholesale prices and you can get a fantastic deal if you have done your homework before bidding.

    On the downside, all cars are sold as “voetstoots”, which means no guarantees or warranties apply. However, if you are able to spot a good deal, you can drive away with a great bargain.

    A list of repossessed vehicles can be obtained two days before the sale or by contacting the relevant Repossession Centre for details.

    How to buy a repossessed vehicle?

    What do I need to do?

    • Register as a buyer before the auction starts.
    • Pay a refundable deposit of R5 000 (this amount may vary depending on the auctioneer) in the form of a bank guaranteed cheque or confirmed electronic transfer.
    • Receive your number that enables you to participate in the auction process. Now you are ready to bid.

    Tips to get the most out of your auction experience:

    • It’s a good idea to decide what vehicle you would like to buy and set a budget before attending an auction. (Don’t forget to include costs and VAT).
    • Do your research and compare prices on vehicles.
    • Before the auction begins, look at all the vehicles and thoroughly inspect those that interest you. The cars are on display in the auction centre the day before and on the morning of the auction. 
    • Select two or three vehicles that you are interested in so that you have a choice when bidding.

    When are auctions held?

    Smaller regions have an auction every month, bigger centres like Gauteng have auctions bi-weekly.

    What do you need to take with you?

    • A refundable deposit of R5 000 is payable on day of registration at a public auction. This amount may vary depending on the auctioneer.
    • Only bank-guaranteed cheques and confirmed electronic transfers will be accepted as payment. No cash will be accepted.
    • Bring your identity document (or a certified copy of it).
    • Proof of physical address is required.

    In the event of a legal entity being the purchaser (e.g. company, trust or close corporation) a copy of the trust deed, articles of association or similar document indicating the beneficiaries, trustees, shareholders, directors or members is required.

  • You could find your dream car at a trade centre

    Auctions at trade centres

    Check our list of repossessed vehicles available at upcoming auctions.

    Tell me more

  • Search for your car at our Absa approved dealers

    An Absa approved dealer will be able to help you through your entire car buying journey from start to finish. Take a look at our list of approved dealers in your area.


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