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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

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
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Loan Amount

R100,000

Term

60 months

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MFC

MFC Vehicle Finance

MFC Vehicle Finance
Estimated Month Repayments
R2,195 Inclusive of fees
Interest Rate
10.00%
APR
Repayment Period
12 months
to 96 months
Loan Amounts
R10,000
to R300,000
GO TO SITE
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

RCS Vehicle Finance

RCS Vehicle Finance
Estimated Month Repayments
R2,195 Inclusive of fees
Interest Rate
10.00%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
R10,000
to R150,000
GO TO SITE
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 of South Africa

Standard Bank -Financial lease

Standard Bank -Financial lease
Estimated Month Repayments
R2,208 Inclusive of fees
Interest Rate
10.25%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
R20,000
to R200,000
GO TO SITE
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

Wesbank Vehicle Finance

Wesbank Vehicle Finance
Estimated Month Repayments
R2,346 Inclusive of fees
Interest Rate
13.00%
APR
Repayment Period
12 months
to 96 months
Loan Amounts
R10,000
to R300,000
GO TO SITE
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.
First National Bank

First National Bank Auto Loan - Dealership Finance

First National Bank Auto Loan - Dealership Finance
Estimated Month Repayments
R2,146 Inclusive of fees
Interest Rate
9.00%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
R30,000
to R250,000
GO TO SITE
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.
Mercantile Bank

Mercantile Bank Personal Loans & Vehicle Finance

Mercantile Bank Personal Loans & Vehicle Finance
Estimated Month Repayments
R2,295 Inclusive of fees
Interest Rate
12.25%
APR
Repayment Period
12 months
to 240 months
Loan Amounts
R30,000
to R250,000
GO TO SITE
Get a principal decision within 24 hours if all necessary documents have been provided.
Absa

Absa Car loan - Instalment Sale Agreement

Absa Car loan - Instalment Sale Agreement
Estimated Month Repayments
R2,320 Inclusive of fees
Interest Rate
12.50%
APR
Repayment Period
24 months
to 72 months
Loan Amounts
R10,000
to R250,000
GO TO SITE
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
First National Bank

First National Bank Auto Loan - Leisure Vehicle

First National Bank Auto Loan - Leisure Vehicle
Estimated Month Repayments
R2,320 Inclusive of fees
Interest Rate
12.50%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
R30,000
to R250,000
GO TO SITE
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

Albaraka Bank Vehicle Finance

Albaraka Bank Vehicle Finance
Estimated Month Repayments
R2,320 Inclusive of fees
Interest Rate
12.50%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
R20,000
to R250,000
GO TO SITE
Low deposit requirement. No monthly admin fees. Competitive pricing. Annual lump sum option available. Option of fixed or variable repayments. Up to 72 months.

CompareLoans.co.za provides factual information in relation to financial products. While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with CompareLoans.co.za. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see CompareLoans.co.za's Terms of Use.

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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CompareLoans.co.za provides factual information in relation to financial products. While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with CompareLoans.co.za. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see CompareLoans.co.za’s Terms of Use and Services Guide.

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