Types of FNB Car Finance you can get:
- Dealership Finance
- Private Vehicle Finance
- Leisure Finance
You no longer have to pay once the loan payments are completed. You have the option to choose a repayment period that suits your personal needs so you can repay the loan at a rate that’s most comfortable for you.
Depending on the type of agreement you have, after the payments are completed, you can sell the vehicle or trade it in on a new one.
You can use your cash for other needs. By opting for FNB Car Finance you can use your cash to pay your other financial obligations.
You can get flexible repayment periods to suit your budget.
You can work out a finance plan and budget accordingly.
Monthly repayments may be higher (if you don’t opt for a balloon payment)
You need a down payment in the form of a trade in or cash.
Your car may be worth very little by the time it’s paid for, so it may seem like a waste of money.
Maintenance costs may be higher because of the car’s age. As your car ages it will cost more to maintain it and you may have to repair it more often.
You need to have a decent credit history. Applying for FNB Car Finance requires you have a good credit record, so if you have a bad credit record you aren’t likely to be approved.
Tips to keep in mind before applying for FNB Car Finance:
Before applying for FNB Car Finance, you should have a clear idea of the type of car that you want as well as what you can afford to buy.
Keep in mind that having a clear credit record may result in lower interest rates.
To find out more about FNB Car Finance, call: 0860 362 227