Best options for financing a vehicle in South Africa

by Admin |

Purchasing a new vehicle is a significant investment and for most South Africans, financing is a crucial part of the process. With various financing options available to consumers, it's essential to understand the best ways to finance a vehicle in South Africa, especially considering this is a medium-term obligation, most often for a duration of 5 or 6 years.

Traditional vs customised car finance

The typical way consumers are au-fait with when financing a vehicle, would be to select the car they are interested in buying, offering up an initial deposit (either by way of a cash sum or by trading-in their used car) and agreeing to a repayment (either fixed or variable) for the balance of the purchase amount.

While this traditional financing option is available to South African car-buyers through Mazda Financial Services, two more tailored and unique options are on offer: Mazda's Assured and Secured financial products. These vehicle finance plans are tailored to meet the diverse needs of South African consumers.

The Assured Finance Plan offers a fixed term contract; this reduced 3 year contract puts you behind the wheel of a brand new Mazda more often, with a comprehensive service plan, roadside assistance and a warranty with the dealer, giving you total peace of mind. After that you simply return the vehicle with no further financial obligations, or if you fall in love with the car, you can retain for a longer period at a reduced rate.

On the other hand, the Mazda Secured Finance Plans are perfect for those who prefer a more traditional approach, however not requiring a deposit at all. With fixed monthly repayments and a balloon payment, this plan offers stability and peace of mind. At the end of the term, the vehicle is yours, with no additional payments or commitments.

Once you know which model you want, Mazda’s friendly and knowledgeable dealer will advise you on the best option to suit your needs. They’ll help you calculate your monthly instalments based on your deposit or balloon payment, the finance term you choose, and instalment you can afford.

Feel Reassured!

Mazda's commitment to quality, combined with its attractive finance options, has ensured the brand has remained a preferred choice over the past 8 years. Known for its innovative engineering, sleek designs, and top-notch safety features, Mazda cars offer a blend of luxury and practicality. But beyond aesthetics and performance, the brands accessibility from a price point of view, coupled with 0% deposit financing options make Mazda a strong consideration for consumer during hard economic times.