A lot of factors must be ensured when you go for vehicle finance in South Africa. If you are a buyer, you need to be aware of rules and regulations that you must follow in case of financing the vehicle. But it is not as complicated as it might seem. You just need to know the proper steps of financing a vehicle and the whole process will seem to be a cakewalk.

Where to Get a Vehicle Finance Loan in South Africa

You can get a vehicle finance loan in any of the banks you are dependent on for your financial transactions. The financial experts at the bank will be ready to explain you all the procedures of financing a vehicle.


To get a finance approval for a vehicle in South Africa, first, you need to decide what car you are going to purchase. This will give you a clear idea on the cost and other additional details the bank would require to approve your loan. If you are buying a used car, the age of the car will also determine whether you get the finance approval.

If you cannot decide on a particular car beforehand, you might try the option of getting a finance approval done beforehand. However, this might be limiting your car choices.

Your next step involves going to the car dealer. It is not at all wise to go and tell the dealer how much you want to pay monthly for the vehicle. This way, he might raise the price, and you will end up paying more than you had planned.

You must be mentally prepared to negotiate on the vehicle finance rate. Usually dealers increase the finance rate to make a profit out of it. You must not let that happen. A good idea would be asking him to show the bank’s finance rate quote. This will let you develop a clear idea on how much profit the dealer is planning to make; and you can negotiate accordingly.

Once you know the correct way to proceed, it is not really difficult to get your car financed in South Africa. For more information, visit Earn-a-car.

Contact Earn-a-car to buy a car if you are struggling to get finance

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