ABSA Vehicle Finance and Insurance Options
Compare Our Vehicle Finance Solutions
ABSA offers a comprehensive range of vehicle finance solutions, credit protection options, extended coverage, and warranties to support your journey ahead.
Our Vehicle Finance Solutions
Instalment Sale Agreement
- Ownership: Own the vehicle while making payments.
- Payment Options: Reduce monthly payments by choosing a balloon payment or paying a deposit.
- Flexible Terms: Choose a finance term of 24 to 72 months.
- Interest Rates: Options for fixed or variable interest rates.
- Final Ownership: The car belongs to you once it is fully paid off.
- Online Access: Gain access to ABSA Online for easy management.
- Apply Online.
Islamic Vehicle Finance
- Fixed Period and Price: Access a car for a set duration and cost.
- Flexible Rentals: Reduce monthly fees when you have extra cash.
- End of Lease Options: At lease end, buy the vehicle, nominate a third party, or use it at a reduced or zero rental fee.
- Insurance Cover: Includes access to a range of free services.
- Financing: 100% financing with potential tax benefits.
- Apply Online.
Our Credit Protection Plans
ABSA offers several credit protection plans to safeguard your investment.
| Plan | Coverage | 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, Loss of Income | 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.
Additional Credit Protection Options
| Plan | Coverage | 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, Loss of Income, 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.
Our Warranty Options
ABSA provides various warranty options to protect your vehicle.
| Warranty Solution | Cover Period | Coverage Description |
|---|---|---|
| Ultimate Extended Warranty | 2 years | Repair or replacement for mechanical breakdown or electrical failure. Transferable when selling. |
| Tyre and Rim Warranty | 2 years | Covers damage to tyres and rims from roadside hazards. |
| Ultimate Pre-Owned Warranty | 2 years | Same coverage as Ultimate Extended Warranty for pre-owned vehicles. |
| Scratch and Dent Warranty | 2 years | Repairs for minor exterior and interior damage. |
| Ultimate Booster Warranty | 2 years | Gap cover for warranty shortfalls. Requires existing warranty. |
All warranties are underwritten by ABSA Insurance Company Limited. Premiums are valid for the duration of your finance agreement.
Our Extended Cover Option
Extended Cover
If you have a fully comprehensive car policy, this extended cover complements your insurance, covering shortfalls or small repairs.
Benefits Include:
- Credit Shortfall Cover
- Photo Finish Benefit
- Excess Benefit
- Unintentional Violation of Policy Conditions
- Car Hire Benefit
- Road Cover Benefit
- Finance, Deposit, and Registration/Licensing Administrative Fees Shortfall Protector