Don’t settle for less. With our car lease agreement you can get the car you really want and the option of upgrading to a new car more often. You decide whether you want to buy the car at the end of the finance period.

How it works

How to get it:
What you get
  • Lower, more affordable monthly payments.
  • Lower or even no deposit.
  • Full use of the car for the lease period without the hassles of ownership.
  • You can drive a brand new car every 2 to 4 years.  
  • Maintenance costs are fixed.
  • Reduced monthly payments by choosing a balloon payment or paying a deposit.
Benefits of a lease agreement:
What you need to know
  • You can decide to take ownership of or return the car to the bank at the end of the agreed lease period.
  • It’s mandatory to have insurance to get vehicle finance.
  • The fixed monthly payments are tax-deductible if you are VAT registered.
  • At the end of the lease, you can choose to: 
    •  purchase the car at an agreed price
    •  nominate a third party to buy the car
    • continue to use the car at a reduced or zero rental fee
Optional and value-added extras:
What you need to bring

Absa client:

  • Proof of Identity (South African  ID or identity card)
  • Proof of address (not older than 3 months)
  • A valid salary slip (latest)

Foreign residents and non-Absa clients:

  • Work permit
  • Passport
  • Letter of appointment or a payslip
  • International driver’s license
  • Last 3 months’ bank statements (non-Absa clients)
Optional and value-added extras:
Optional and value-added extras
  • Absa offers a range of competitive insurance options or you can get insurance from an insurer of your choice.
  • With a credit protection plan you can 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