There are two main types of vehicle finance offered through FNB Car Loans, namely:
- Instalment Sale Agreement
- Lease Sale Agreement
The payment term of the finance can be extended up to 72 months. FNB is a registered credit provider and NCA-compliant institution so you will only be granted financing amount that you can afford.
Your deposit can either be in cash or as a vehicle trade-in. A general rule is that the older the automobile, the bigger the deposit and the shorter the repayment term.
Debit order may be the preferred payment option, so you won't have to bother with having to spend hours waiting in long bank queues to create payments.
Keep in your mind that by preserve a definite credit score, you might be capable of getting a favourable rate of interest.
When you approach the dealership, your bargaining position is immediately strong after getting use of FNB Auto loans.
It forces the dealer to give you a much better financing deal.
It could be a good way to raise your credit score. Through getting FNB Car Loans you may be in a stronger position to enhance your credit score. As long as you make repayments promptly, you'll establish a favourable record, which might also lead to lower interest rates in future.
Your cash can go to use in other areas of your life. By opting for FNB Car Loans, you can use your money for paying other obligations.
You reach take advantage of competitive interest rates.
Tips for getting vehicle finance:
It's vital that you would you research before you apply for finance. So you should have a clear idea of what kind of car you want.
Previously owned vehicles are less costly because they have previously depreciated in value.
You should tale fuel costs, maintenance, security and insurance payments into account when putting aside some of the budget for car payments.
