Over the years Nedbank has established itself as a reliable banking partner in the eyes of ordinary South Africans. A registered credit provider, the bank offers a wide range of finance options. In addition to this, the bank specialises in deposits, investments and transactions. One of the foremost finance options offered by the bank is Nedbank Vehicle Finance.
Nedbank Vehicle Finance is available from R20 000 to R120 000. Offered at highly competitive interest rates, the finance option finances vehicles up to 20 years old.
To qualify, individuals must have a good credit history and flexible repayment terms of 3, 4 or 5 years are offered, giving clients a reasonable amount of time to repay the loan.
What types of vehicle finance is offered by Nedbank Vehicle Finance?
Instalment Sale Agreement
This type of finance is best suited to individuals who wish to retain ownership of the vehicle, as well as private individuals and car allowance users.
With this option, the client purchases a vehicle from the bank over a negotiated period at an agreed interest rate. The client undertakes to repay the full value of the vehicle, plus finance charges, in instalments over an agreed period.
Nedbank Vehicle Finance arranges a repayment period and deposit that can be structured to suit your needs. The vehicle must be comprehensively insured during the term of the agreement.
This type of vehicle provides clients with uninterrupted use of a vehicle rather than ownership of the vehicle. The client pays cost-related rentals for an agreed period. This type of vehicle finance is best suited to car allowance users as well as small businesses using vehicles which are likely to become obsolete or which are replaced on a regular basis.