Vehicle finance
Compare Vehicle Finance in South Africa
Compare vehicle finance providers in South Africa and understand deposits, repayment terms, interest rates, balloon payments, insurance and the total cost of financing a car.
Approval, the rate and the term depend on the provider's credit and affordability assessment, and on the vehicle. A lower instalment from a balloon is not a cheaper car.
Checked by the WiT Money editorial team on 28 October 2026. These products are not marked as open for new applications. No rating or approval rate is shown.
How vehicle finance is usually structured
Most financed cars are bought on an instalment sale. You use the car while you pay. The financier's security is the vehicle, and comprehensive insurance is commonly a condition of the agreement.
A prime-linked rate moves when the bank's prime rate moves. A fixed rate stays as agreed for the period in the contract. Linked interest is a margin against a reference rate. None of those descriptions is a rate you are guaranteed to be offered.
A deposit reduces the amount financed. A balloon, or residual, is the amount still due at the end. The instalment falls because that lump sum is left out of the monthly calculation. You still have to pay it, refinance it, or sell the car and settle the shortfall.
The total amount repayable is the instalments, the balloon, the fees and the interest. The settlement amount, if you pay the agreement off early, is worked out on the contract, not on this page.
Providers checked
Product details were checked on 28 October 2026. A name on a card is not a recommendation and not a quotation. The button opens the lender's homepage.
5 research records. A missing amount or term is not treated as zero or as unlimited. A product stays in the list when the figure you need was not published. Meeting a published threshold does not guarantee approval.
Secured by the vehicle
Research record, 28 October 2026. Not signed off as a live offer. NCR registration was not independently checked.
- Amount
- Not publicly fixed
- Term
- 24–72 months
- Interest
- Fixed or variable; personalised
- Balloon
- Mentioned in the research notes. The amount is not published.
Advantages
- Choice of deposit or balloon
- fixed/variable rates
Limitations
- Balloon creates large final payment
- comprehensive insurance adds cost
View details
- Fees
- Initiation/service charges: verify quote; insurance required
- Security
- Vehicle financed
- Eligibility
- ID, income and affordability; vehicle/insurance criteria apply
- Role
- Direct lender
- Product note
- Car finance; ownership completion tied to agreement
You are leaving WiT Money and visiting the lender's website. Terms, fees and eligibility should be confirmed there. This button is not an approval.
Secured by the vehicle
Research record, 28 October 2026. Not signed off as a live offer. NCR registration was not independently checked.
Private banking eligibility applies. The button opens the South African Investec site.
'Up to prime -1%' is qualified marketing, not a universal interest rate.
- Amount
- Tailored
- Term
- Tailored
- Interest
- Up to prime -1% for new vehicles, subject to eligibility
- Balloon
- Not mentioned in the extracted notes. That is not proof a balloon is unavailable.
Advantages
- Potential favourable new-car rate
- no early settlement penalties
Limitations
- Not available to general public
- private banking eligibility
View details
- Fees
- Monthly admin waived if paid from Investec Private Bank Account; confirm other charges
- Security
- Vehicle financed
- Eligibility
- Existing Private Bank Account client
- Role
- Direct bank; restricted eligibility
- Product note
- Private banking finance
You are leaving WiT Money and visiting the lender's website. Terms, fees and eligibility should be confirmed there. This button is not an approval.
Secured by the vehicle
Research record, 28 October 2026. Not signed off as a live offer. NCR registration was not independently checked.
MFC is the Nedbank vehicle and asset finance brand. This card uses the MFC logo.
Cited >R50k applies to the referenced product information.
- Amount
- From R50 000. The cited page says more than this amount. It is not a maximum.
- Term
- 12–96 months
- Interest
- Fixed or linked; market related
- Balloon
- Mentioned in the research notes. The amount is not published.
Advantages
- Long term range
- possible balloon
- dealership network
Limitations
- Age/vehicle restrictions
- balloon and long terms increase cost
View details
- Fees
- Deposit negotiable; insurance and fees verify
- Security
- Vehicle financed
- Eligibility
- SA ID, valid SA licence; vehicle age generally ≤10 years; income and credit checks
- Role
- Bank division / direct lender
- Product note
- Vehicle/asset finance
You are leaving WiT Money and visiting the lender's website. Terms, fees and eligibility should be confirmed there. This button is not an approval.
Secured by the vehicle
Research record, 28 October 2026. Not signed off as a live offer. NCR registration was not independently checked.
- Amount
- Case-by-case
- Term
- 12–84 months. The longer term is subject to discussion with the provider.
- Interest
- Personalised; verify quote
- Balloon
- Not mentioned in the extracted notes. That is not proof a balloon is unavailable.
Advantages
- Flexible terms
- app and online application
Limitations
- Interest and full costs case-by-case
- vehicle security risk
View details
- Fees
- Initiation, monthly service, insurance: verify
- Security
- Vehicle financed
- Eligibility
- 18+, SA ID, driving licence, income and address proof; credit checks
- Role
- Direct lender
- Product note
- Vehicle instalment finance
You are leaving WiT Money and visiting the lender's website. Terms, fees and eligibility should be confirmed there. This button is not an approval.
Secured by the vehicle
Research record, 28 October 2026. Not signed off as a live offer. NCR registration was not independently checked.
WesBank is the FirstRand vehicle-finance brand. This card uses the WesBank logo.
- Amount
- Quote dependent
- Term
- Quote dependent
- Interest
- Quote dependent
- Balloon
- Not mentioned in the extracted notes. That is not proof a balloon is unavailable.
Advantages
- Private sale and specialist vehicle options
- Islamic finance option
Limitations
- Actual price and terms require quotation
View details
- Fees
- Fees, insurance and deposit from personalised quote
- Security
- Vehicle financed
- Eligibility
- Product and vehicle conditions; affordability assessment
- Role
- Bank division / direct lender
- Product note
- Vehicle finance and specialist vehicle product types
You are leaving WiT Money and visiting the lender's website. Terms, fees and eligibility should be confirmed there. This button is not an approval.
Held for review
These names were reviewed and are not shown as current products. They do not have a lender button.
Toyota vehicle finance
Toyota Financial Services. Needs direct product and current terms confirmation.
Official WesBank application page names Toyota Financial Services as provider in specified journey
BMW vehicle finance
BMW Financial Services. Product details not verified; do not publish rate claims.
NCR listings show BMW Financial Services South Africa registered
Illustrative vehicle repayment
- Amount financed
- R270 000.00
- Estimated instalment
- R6 006.00
- Balloon still due at the end
- R0.00
- Interest over the term
- R90 360.05
- Fees you entered
- R0.00
- Finance payments, fees and balloon
- R360 360.05
- Total paid, including the deposit
- R390 360.05
The starting figures are an illustration: R300 000, a R30 000 deposit, 12% a year, 60 months and no balloon. The rate is not a rate from a provider. Insurance is not included. A balloon is shown on its own line so a lower instalment is not mistaken for a lower total.
What sits outside the instalment
Initiation and monthly service fees are quote items. None of them has been entered as R0.
Comprehensive insurance, a tracker where the financier requires one, licensing, fuel, tyres and maintenance are not part of the finance instalment.
A long term, or a large balloon, can leave you owing more than the car is worth if you need to sell early.
The vehicle is the security
If the agreement is not paid, the financier can follow the process in the contract and the National Credit Act to take the vehicle. A sale that does not cover the balance can leave a shortfall.
Absa and MFC are the only vehicle products on this page that mention a balloon. The others do not say there is no balloon. The term was not in the published notes that were checked.
Consumer protection
A credit provider covered by the National Credit Act must assess affordability and give the pre-agreement disclosure for the agreement it offers. This comparison is not that quotation, and it does not approve a bond, a vehicle or a renovation.
NCR registration was not independently checked for any provider on this page, so no registration number is shown as verified. The contracting legal entity still has to be read off the quotation. That matters where a brand originates an application and another firm is the credit provider, as with Capitec Home Loans and SA Home Loans.
Complaints start with the lender. The National Credit Regulator publishes consumer-credit guidance. Information you enter on a lender's own site is handled by that lender under POPIA. WiT Money does not take an application on these pages.
National Credit Regulator · Information Regulator · Debt review
How WiT Money compared these products
The comparison covers 27 products across vehicle finance, home loans, home-improvement borrowing and property-backed facilities, checked on 28 October 2026. Official product pages were the primary sources. Blank fees were left blank. Personalised rates are labelled personalised.
Toyota Financial Services, BMW Financial Services and a standalone SA Home Loans product were reviewed and are not listed as current products. MFC and WesBank keep their own names and logos rather than being shown as Nedbank or FNB. The default order is the lender's name, then the product. Nothing is sorted as cheapest or best.
No paid placement is active on the buttons. A listed homepage is not an application link invented by WiT Money.
Questions readers ask
What is an instalment sale?
It is the usual South African vehicle-finance agreement. You pay over an agreed term and the vehicle stands as security until the agreement is settled.
What is a balloon payment?
It is a rand amount still owing after the last instalment. The monthly figure is lower because that amount is excluded. It is due at the end.
Does a prime-linked rate stay the same?
No. If prime changes, a linked instalment can change. A fixed rate is the one written into that agreement for the period it covers.
Is comprehensive insurance optional?
The records that mention insurance say it is required or must be verified on the quote. Driving without the cover the agreement requires can be a breach.
Can WiT Money tell me the instalment a bank will offer?
No. The calculator uses the rate, term, deposit, balloon and fees you type. It is not a finance quotation.
Sources
Page updated 28 October 2026. A source date is the day WiT Money checked that page, not a promise the institution has not changed it since.
- National Credit Regulator
National Credit Regulator · checked 28 October 2026
- National Credit Act 34 of 2005
South African Government · checked 28 October 2026
- South African Reserve Bank
South African Reserve Bank · checked 28 October 2026
- Budget 2026 tax guide
South African Revenue Service · checked 28 October 2026
Related pages
Home loans
Bonds, transfer duty and the costs of buying.
Home improvement
Personal loans, retailer finance, readvances and further bonds.
Secured facilities
Property already standing as security.
Personal loans
Unsecured credit, researched separately.