Wesbank, a division of FirstRand Bank Limited, is the vehicle finance company related to First National Bank. It provides asset finance, which include loans for purchasing your car. WesBank’s expertise have made it the biggest vehicle finance corporation in South Africa. And with the backing of FNB, it provides a world class service. But what do you have to do to get a motor vehicle loan from WesBank? Well, we reveal it here.
Get expert advice from WesBank and the peace of mind that you’re working with people who are above board and South Africa’s leading provider of motor vehicle finance. Applying for a loan is easy, but we’d advise you to take some caution. First and foremost, ask yourself if the car you are considering buying is within your budget or not? What is your budget, and how can you work around your current expenses in order to meet the obligations of owning a car. There are many variables to consider here – what fuel type will cost you the least for the model of car you want to buy? Also, is it better to buy a new car, which will unfortunately cost way more and depreciate quicker than a pre-owned vehicle? Say you will apply for a loan to buy a used car, have you checked the car’s history for things like accidents and service? If so, how do you feel about it? Is that car worth taking out vehicle finance for? Again, there are a lot of things to consider but they add up to helping you make sure you’re ready to follow through with your loan application.
WesBank has partnered with car dealers from all over South Africa. Doing so has made sure that wherever you want to buy a car, you’re very likely to have WesBank’s vehicle finance available for you too.
What You Need to Get a Loan for Your Car
It’s all too easy to say you want a to buy a vehicle, but going back to the points we made above – you must know what you can afford. With WesBank, you should be at least 18 years old to apply. Furthermore, your credit record must be clear, although there are other vehicle finance options for blacklisted individuals. You should be earning R6000 and above, and the car you wish to buy must be at least R30 000. That’s a pretty neat deal, and we’re sure you’ll find the right partner in WesBank Vehicle Finance South Africa.