We do not only offer you great range of vehicle finance solutions, but also credit protection options, a choice of warranties and extended cover to assist you in your journey ahead. 

Our vehicle finance solutions

Solution
 
Key features
 
Instalment Sale Agreement
 
  • Own the vehicle while you are paying it off
  • Reduce monthly payments by choosing a balloon payment or paying a deposit
  • Choose a finance term of 24 - 72 months
  • Fixed or variable interest rates
  • The car belongs to you after you have paid it off
  • A credit protection plan is available
  • You get access to Absa Online
  • Instalment finance is not available for cars older than five years: consider taking out a personal loan

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Lease Agreement
 
  • You have use of the vehicle for the lease period
  • Reduce monthly payments by choosing a balloon payment or paying a deposit
  • Choose a monthly repayment option from 24 - 72 months
  • Fixed or variable interest rates
  • You have the option of buying the vehicle at the end of the lease period without any obligations
  • An affordable credit protection plan is available 
  • You get access to Absa Online
  • An initiation fee and a monthly service fee are charged on all new contracts

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Rental Agreement
 
  • Affordable, fixed monthly payment
  • Choose a repayment period of up to 72 months
  • Fixed or variable interest rate
  • Drive the vehicle of your choice without the hassle of ownership
  • A credit protection plan is available
  • You get access to Absa Online
  • A risk assessment may require you to pay a deposit upfront

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Islamic Vehicle Finance
 
  • Enjoy access to a car for a fixed period and price
  • Reduce your monthly rental fee when you have extra cash
  • Variable or fixed rental fees. 
  • At the end of lease, you can buy the vehicle at an agreed price, nominate a third party to buy it or use it at a reduced or zero rental fee
  • We offer insurance cover with access to a range of free services
  • You get access to Absa Online
  • 100% financing and tax benefits available

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Our credit protection plans

Death, permanent disability or specified dread disease can leave you in a situation where you’re unable to cover your debt. Credit protection will cover the amount you still owe on your car and pay your financial agreement instalments if you're retrenched or temporarily disabled.

Solution
 
Benefits
Minimum entry age
Maximum entry age
Term of agreement
Maximum sum insured
Plan A
 
  • Death
18 years
60 years
Maximum 84 months
R1 000 000
Plan B
 
  • Death
  • Disability
18 years
60 years
Maximum 84 months
R1 000 000
Plan C
 
  • Death
  • Disability
  • Dread disease
18 years
60 years
Maximum 84 months
R1 000 000
Plan D
 
  • Death
  • Disability
  • Dread disease
  • Retrenchment
18 years
60 years
Maximum 84 months
R1 000 000

Underwritten by Absa Life Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Additional credit protection options

Solution
 
Benefits
Minimum entry age
Maximum entry age
Term of agreement
Maximum sum insured
Taxi
 
  • Death
  • Disability
  • Dread disease
18 years
60 years
Maximum 84 months
R500 000
Platinum Protection
 
  • Death
  • Disability
  • Retrenchment
  • Accidental death
18 years
60 years
Maximum 84 months
R750 000

Underwritten by Absa Life Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Our warranty options

Solution
Cover period
Cover
Ultimate Extended Warranty
2 years
  • Repair or replacement of components due to unforeseen mechanical breakdown or electrical failure
  • Cover new or used vehicles
  • Transferable with the vehicle when you sell it
  • Cover for a period of two years
Underwritten by Absa Insurance Company Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.
Ultimate Pre-Owned Warranty
2 years
  • Repair or replacement of components due to unforeseen mechanical breakdown or electrical failure
  • Cover new or used vehicles
  • Transferable with the vehicle when you sell it
  • Cover for a period of two years

Underwritten by Absa Insurance Company Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Our extended cover option

Solution
 
Cover
Extended cover
 

If you have a fully comprehensive car policy in place, extended cover will complement this insurance and ensure that you can cover any shortfalls or small repairs on your vehicle.

Benefits include:

  • Credit Shortfall Cover
  • Photo Finish Benefit
  • Excess Benefit
  • Unintentional violation of policy conditions on underlying insurance
  • Car Hire Benefit
  • Road Cover Benefit
  • Finance, Deposit and Registration/Licencing Administrative Fees Shortfall Protector

Underwritten by Absa Insurance Company Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Make sure your car is protected from bumper to bumper

Credit Protection

Our Credit Protection Plan will settle the outstanding balance on your car loan in the event that you should pass away, become permanently disabled or if you are are diagnosed with a dread disease.

Underwritten by Absa Life Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Vehicle.creditprotect@absa.co.za

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Extended Cover

Get cover for the difference between the outstanding balance on your car loan and the retail value in the event of total loss of your car. We also cover car hire, excess payments, minor cosmetic repairs and Road Accident Fund claims.

Underwritten by Absa Life Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

 Extended.cover@absa.co.za

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Mechanical Breakdown Warranty

Our options cover costs associated with mechanical or electrical breakdown of your car. Plus, Absa Vehicle and Asset Finance will include the Mechanical Breakdown Warranty premium in the vehicle finance agreement.

Underwritten by Absa Life Limited. Premiums are valid for the duration of your finance agreement. Cover ceases at the end of the finance agreement.

Absa@za.innovation-group.com

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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