Absa Pre-approved Vehicle Finance

Absa Pre-approved Vehicle Finance

Buying a car is often one of the biggest purchases you’ll make in your lifetime. It’s important to find a car loan that suits your needs and pocket. 

An easy way to do this is by getting Absa Pre-approved vehicle finance. With pre-approved finance you can shop with confidence knowing the amount of finance that is available to you.

What is pre-approved finance?

All this means is that you have shopped for your loan prior to shopping for your car. You will be evaluated based on your financial profile and approved for a loan of a given size. Getting pre-approval helps, because you can shop for a car that fits within your budget. This can go a long way towards reducing the stress involved in buying a vehicle.

How Absa pre-approved vehicle finance works:

Absa offers flexible, hassle-free car finance options for new and used vehicles. As leaders in car finance, Absa will tailor a finance deal to suit your needs with manageable monthly repayments on your loan.

Details that will be required for the vehicle finance process: 

  • Personal details including a valid South African ID number or passport
  • Address details
  • Employment details
  • Banking details
  • Details of the vehicle to be financed
  • Summary of your monthly income and expenses
  • Details of insurance where applicable

Types of Absa vehicle finance offered: 

Instalment Sale Agreement

This type of finance provides the option for you to own the vehicle while you are paying it off.

Lease Agreement

By choosing a lease agreement, you get to enjoy the complete use of your vehicle without the hassles of ownership for the term of your lease.

Rental Agreement

This option is convenient if you would like to pay only for the use of the vehicle. You have full and continual use of your vehicle without ever owning it.

Islamic Vehicle Finance

Absa offers this type of vehicle finance, which is fully Shari’ah compliant.

For more about Absa Pre-approved vehicle finance, visit www.absa.co.za

Categories: Vehicle finance