Don’t settle for less. With our car lease agreement you can get the car you really want and you have 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.

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Payment Relief Plan

If you are not able to keep up with your repayments due to COVID-19,
we can assist you with our Absa Payment Relief Plan.

Find out more

How it works

  • What you get

    • Lower, more affordable monthly payments
    • Lower or even no deposit
    • Full use of the car for the lease period without the hassle of ownership
    • You can drive a brand new car every 2 - 4 years 
    • Maintenance costs are fixed
    • Reduced monthly payments by choosing a balloon payment or paying a deposit

  • What you need to know

    • You can decide to take ownership of the car or return it 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

  • What you need to apply

    Absa client:
    • Proof of identity (South African ID book or card)
    • Proof of address (not older than three months)
    • A valid salary slip (latest)

    Foreign residents and non-Absa clients:

    • Work permit
    • Passport
    • Letter of appointment or a payslip
    • International driver’s licence
    • Last three months’ bank statements (non-Absa clients)

  • Optional and value-added extras

    • We offer a range of competitive insurance options or you can get insurance from an insurer of your choice
    • With a credit protection plan you can settle the outstanding balance in the case of death, disability or retrenchment

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Need more help?

Let one of our consultants help you get the best vehicle finance for your needs.

Call us on:

0860 669 669

Call Islamic car finance on:

0860 000 786

Visit your nearest branch