Why choose a rental agreement?

If you opt for a rental agreement you have full use of your vehicle without ever owning it. It puts you in the driving seat during the lease term while paying for your car over an agreed period.

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How to apply
How to apply
  • 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 rental agreement
Benefits of a rental agreement
  • You have full use of the vehicle or any other asset without the hassle of ownership. 
  • You can enjoy having an expensive vehicle or asset without having to buy it. 
  • You only pay for the use of the vehicle or other asset.
  • It is an option to manage cash flow. 
  • Enjoy full, uninterrupted use of the vehicle or asset of your choice for an affordable, fixed monthly payment. 
  • You may choose a repayment period of up to 72 months. 
  • It offers the choice of lower monthly repayments by opting to make a balloon at the end of the rental period. 
  • VAT is not capitalised in advance, but rather paid on every instalment. 
  • A risk assessment may require you to pay a deposit upfront.
  • An initiation fee and a monthly service fee is charged on all new contracts. 
  • If you’re registered for Absa Online, link this account to your profile, view the financing details and monitor the outstanding balance and transaction history. 
  • We offer you a range of affordable credit protection plans.
  • If you are not yet registered for Absa Online, register now.
A rental agreement could be the right choice if you
A rental agreement could be the right choice if you
  • Want the full use of the vehicle or any other asset without the hassle of ownership. 
  • Need to use an expensive vehicle or asset, but don’t want to buy it. 
  • Would like to pay only for the use of the vehicle or other asset. 
  • Would like a cash flow-driven instead of a tax-driven arrangement. 
  • Prefer that assets are off balance sheet.
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