Why choose a lease agreement?

Keep your options open with our lease agreement. You decide whether you want to buy the
car at the end of the finance period.
 

How to get it:
How to get it:
  • Find the vehicle you want.
  • Agree on an interest rate, monthly repayment amount and repayment period.
  • Once all the documents have been signed and handed in, you can get your vehicle. 
Benefits of a lease agreement:
Benefits of a lease agreement:
  • You pay lower, more affordable monthly payments.
  • Enjoy full, uninterrupted use of the vehicle for the lease period.
  • You can change vehicles when you reach the end of your lease term or even before.
  • Convenient – drive the vehicle of your choice without the hassles of ownership.
  • The fixed monthly payments are tax-deductible if you are a VAT registered vendor.
  • Maintenance costs are fixed.
  • At the end of the lease, you can choose to purchase the vehicle at an agreed price, nominate a third party to buy it, or continue to use it at a reduced or null rental fee.
  • It’s flexible – you can reduce your monthly payments by choosing a balloon payment or making an upfront deposit.
Optional and value-added extras:
Optional and value-added extras:
  • Insurance is mandatory to obtain finance. Absa offers a range of competitive insurance options, but you do have the option to obtain insurance from an insurer of choice.
  • Through Absa Online, registered users can link this account to their profile and view the financing details and monitor the outstanding balance and transaction history.
  • An affordable credit protection plan is available to settle the outstanding balance in the case of death, disability or retrenchment. 

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