Used car finance for South African residents is available from some of South Africa’s leading banks in the form of a secured loan. The interest rate is affordable and is catered to your own needs and spending ability. Banks such as FNB, Nedbank, ABSA and Standard Bank provide cash for car purchases so that their customers can live the lives they need to. The loans that they offer are often fixed term and require certain monthly payments based on the owners income and earning potential. If you are interested in applying for this type of finance then don’t delay. With the increasing price of cars, most people need car finance of some sort.
Buying a car using used car finance for South African residents is a great way to purchase a vehicle. If you have a good credit record, then approaching your banks about a secured loan should be no problem at all. You will need to provide your salary slip and identification documents as well as proof of the cost of your vehicle. The interest rate is often quite affordable and won’t mean that you are paying for your car twice. It is best to use this finance wisely and purchase a car that comes from a registered dealer and preferably with a warranty. There is nothing worse than worrying about repairs at the same time as you are worrying about repayments!
If you bank with FNB, Nedbank, ABSA or Standard Bank and are not sure whether you qualify for this cash for car finance, then approach them immediately. The sooner you start the process the sooner you will be able to purchase the car of your dreams. Remember that if you are a permanent resident you may also qualify for this form of funding. Think of the car you want, and stop dreaming. You can get it by getting used car finance for South African residents.