FNB Cars – Providing Simple Solutions for Car Purchases
First National Bank (FNB) offers a wide array of banking solutions. Included in its product and service offering is vehicle finance. FNB Cars offers 3 options for vehicle finance, in the form of:
- Dealership Finance
- Private Vehicle Finance
- Leisure Finance
In order to qualify, you’ll need to have a clear credit record and also earn at least R6000 per month. FNB insists on an FNB-approved testing station to have a vehicle inspection.
FNB understands that it isn’t always easy to afford to buy a car using cash upfront. The bank has made it easier for people to get access to car finance.
Dealership Finance:
This is a tailor-made vehicle finance solution that finances vehicles up to 10 years old. To simplify the process you can determine your repayments by using the Vehicle Repayment Calculator. You have the option to buy or sell privately, through instalment sale or lease agreement.
FNB will consider your application if the vehicle is not older than 10 years old and you want to borrow at least R30 000.
Private Vehicle Finance:
Many people opt for buying their vehicles privately. This is often deemed to be a simple solution for purchasing a car. This type of vehicle finance is for cars up to 20 years old.
It also provides the option to finance a vehicle for at least R30 000 after deposit. Offered with a personalised interest rate, private vehicle finance for FNB Cars also provides immediate application feedback.
Leisure Finance:
FNB Cars offers finance for leisure vehicles up to R30 000. Finance is provided for leisure vehicles such as motorbikes, boats and caravans up to 20 years old. FNB Cars clients have the option to buy from a dealership, with a choice of fixed or variable rates.
