Vehicle Finance

Most financial institutions offer flexible finance options that will allow you to buy the car of your dreams and pay for it over a period of time that suits you. These include:

  • Instalment sale – allows you to buy a vehicle and pay for it over an agreed period. Ownership will pass to you automatically once you have made the final payment.
  • Financial lease – gives you the use of the vehicle while you are paying for it over an agreed term. Ownership does not pass to you automatically, but is one of the options available to you at the end of the contract.

Vehicle finance is usually offered at a fixed rate, which means you pay the same interest rate over the loan period. Fees and charges are usually included in your monthly repayment.