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Car Finance in Western Cape

If you live in Western Cape, CompareLoans provides a car loan comparison table below that will help you drive the car of your dreams.

Simply input your desired loan amount and repayment period and hit “Calculate Repayment” to start browsing top lenders.

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 Western Cape – South Africa

If you’re in the market for a vehicle finance, the information below will help you secure your car finance in Western Cape.

What’s car finance in Western Cape?

Car finance enables you to buy and drive a car when you don’t have enough funds to cover the purchase. Generally, car loans work like this:

  1. Get a purchase agreement from the vendor – usually a car dealership or private seller.
  2. Compare loans and choose one that’s suitable for your budget and needs.
  3. After loan approval, the lender pays for the car.
  4. You start driving while paying monthly instalments to the lender. Car loan amounts are from R10 000 to R300 000 while payments are made over 12 to 84 months.
  5. With a financial lease, you only rent the car, but you can choose to buy it after the loan contract ends.

What’s the difference between secured and unsecured car loans?

  • Car finance in Western Cape usually involves secured car loans where the car is the asset that guarantees the loan. In case of non-payment, the lender will claim the car from you.
  • Unsecured car loans are not guaranteed by any asset. They might have higher interest rates and a high credit score requirement to reduce the risk for the lender.

How to compare the best car loans in Western Cape

When choosing the best car loan for you, consider the following factors and ask questions that help you with the selection process:

  • Interest rates and fees. Is the interest rate variable or fixed? Which lender offers the lowest car loan interest rate? What other charges or fees are included? Find your answers by clicking “View fees and additional info” in the comparison tables above.
  • Monthly payments. How much do I repay every month? Use our car finance calculator by adjusting the sliders and enter your desired loan amount and term. Next, click “Calculate Repayment” to view your estimated monthly payments.

Apply for car finance online in Western Cape

When you find a favourite lender, simply click their “Go to Site” button which you’ll find in the comparison tables above. The link directs you to the lender’s website where you submit your application.

Make sure you qualify for the loan – most car loans have general requirements that include:

  • Minimum age of 18 years;
  • South African ID;
  • Driver’s licence;
  • Proof of income;
  • Car insurance; and
  • Proof of residence.

Car finance in Western Cape – Frequently asked questions

Can you find blacklisted car finance in Western Cape?

Some lenders offer bad credit car finance that is likely to have a higher interest rate, and which might require a deposit and larger monthly payments.

What’s a balloon payment?

Unlike a deposit which is paid upfront, balloon payments are paid as a lump sum when the loan contract ends.

What other types of vehicle finance can I find in Cape Town?

Vehicle finance can also cover your purchase for the following new or used vehicles:

Popular vehicle finance searches