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Car Finance in Johannesburg

Do you need a nice set of wheels so you can be out and about the streets of Jozi? We’ve compiled Johannesburg’s top lenders in the table below, for your convenience.

Simply input the loan amount and duration, hit “Calculate Repayments” and browse through the results.

Calculate repayments

Personal Loan - Excellent Credit

MoneyShop
12 months
to 72 months
R10,000
to R250,000
15.00%
APR
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Personal Loan - Average Credit

MoneyShop
12 months
to 72 months
R10,000
to R250,000
24.75%
APR
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

MFC Vehicle Finance

MFC
12 months
to 96 months
R10,000
to R300,000
10.00%
APR
Whether you're buying a through an MFC approved dealer or privately, MFC can assist; for cars up to 10 years old or in some cases classic cars. Apply through Fincheck to be matched with the right vehicle finance provide for you.

RCS Vehicle Finance

RCS
12 months
to 60 months
R10,000
to R150,000
10.00%
APR
RCS are second-hand car finance specialists. Interest rates from prime* over 72 months. Apply through Fincheck to be matched with the right vehicle finance provide for you.

Standard Bank -Financial lease

Standard Bank of South Africa
12 months
to 84 months
R20,000
to R200,000
10.25%
APR
Lease the vehicle you want, over an agreed period, with the option of owning it at the end of your financial lease. Apply through Fincheck to be matched with the right vehicle finance provide for you.

Wesbank Vehicle Finance

Wesbank
12 months
to 96 months
R10,000
to R300,000
13.00%
APR
Wesbank provide a range of value-added services that make it that much easier to own, drive and personalise your vehicle. Apply through Fincheck to be matched with the right vehicle finance provide for you.
What Dealership Finance offers: A tailor-made vehicle finance solution. Choice of fixed or variable rate. A reasonable balloon payment or residual value to match your agreement choice. What this allows you to do: Buy a vehicle from a dealership. Buy a vehicle up to 10 years old. Finance a vehicle for at least R30 000 after deposit.
Get a principal decision within 24 hours if all necessary documents have been provided.
Experience the joy of owning your car while you are paying it off with our flexible instalment sale agreement. Own the vehicle while you are paying it off. Reduce your monthly payments by choosing a balloon payment or by paying a deposit. Choose a monthly repayment from 24 - 72 months. Fixed or variable interest rates available
Finance your new or used leisure vehicle such as classic car, motorbike, boat or caravan. Finance to buy a leisure vehicle from a dealership. You have a choice of Fixed or Variable interest rates. Courtesy Car Policy: Pays for the use of a courtesy car for up to 21 days if your car is stolen, written off or damaged. The interest rate is tailor made to suit you. Within 30 minutes you'll get an answer on the outcome of your application.

Albaraka Bank Vehicle Finance

Albaraka Bank
12 months
to 72 months
R20,000
to R250,000
12.50%
APR
Low deposit requirement. No monthly admin fees. Competitive pricing. Annual lump sum option available. Option of fixed or variable repayments. Up to 72 months.

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Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

Car finance in Johannesburg – South Africa

Do you need a nice set of wheels so you can be out and about the streets of Jozi? You may have already gone car shopping but keep reading so we can help you shop for the best car finance in Johannesburg.

Where can you find car finance in Johannesburg?

You can easily carry out your search in one place by browsing our comparison tables above or going through our list of top vehicle finance lenders in South Africa if you want more detailed information.

Vehicle finance for Johannesburg locals – How does it work?

  • Loan amount. Between R10 000 and R300 000.
  • Loan term. Between 12 months and 84 months.
  • Deposit. Some lenders require a deposit of up to 20% of the vehicle’s price.
  • Balloon payment. A lump sum you pay when the loan contract ends.
  • Purchase agreement. This document shows that the car dealer or private seller has agreed to sell to you. In addition, the purchase agreement can be for a new or used car, boat, caravan, truck, motorbike or jet ski.

Types of car finance and car loans available in Jo’burg

  • Secured vs. unsecured. When the loan is secured, you risk losing the car if you fail to make repayments. Unsecured loans have higher interest rates, and they require a good credit score.
  • Instalment agreement. You pay monthly instalments as you drive. To find out the expected monthly instalment for your loan, use our car finance calculator. Simply adjust the sliders to enter your loan term and amount before clicking calculate.
  • Lease agreement. A rental agreement where you also make monthly instalments. However, the car doesn’t belong to you and after the lease expires you can renew it, buy the vehicle, or return it.

How much does car finance cost if you stay in Jo’burg?

Usually, the following costs are involved when you finance your vehicle purchase:

  • Interest. Your rate can be variable or fixed. Low-interest vehicle finance is easier to get if you have a good credit record.
  • Car finance fees and charges. These can be initiation fees, ongoing monthly service fees, and early or late payment fees.
  • Insurance. Insurance can be automatically included in the loan, or you can find another suitable option.

What you need to apply – General requirements

  • Be 18 years or older;
  • Valid South African ID;
  • Driver’s licence;
  • A regular, monthly income;
  • Bank statements and payslips;
  • Proof of residence; and
  • A purchase agreement from your car seller.

How to make an online application for car finance in Johannesburg

  1. Go through our comparison tables above and pick the most suitable lender.
  2. Click the “Go to Site” button for the lender’s website.
  3. Fill in the vehicle finance application form and upload the required documents.

Can you get blacklisted car finance in Johannesburg?

It’s possible to get vehicle finance for the blacklisted in Johannesburg, especially if you choose a secured car loan. Keep in mind that you might have to pay a higher interest rate.

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