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 you pay for your car over an agreed period.

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How to apply
What you get
  • Full use of the vehicle or any other asset without the hassle of ownership. 
  • Drive 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. 
  • Affordable, fixed monthly payment. 
  • Repayment period of up to 72 months. 
  • The choice of lower monthly repayments by opting to make a balloon at the end of the rental period.  
Benefits of a rental agreement
What you need to know
  • 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.
  • VAT is not capitalised in advance, but rather paid on every instalment
  • A credit protection plan is available to settle the outstanding balance. 
A rental agreement could be the right choice if you
What you need to bring

Absa clients:

  • 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)
A rental agreement could be the right choice if you
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?

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