Minimum Salary Required To Get Vehicle Finance. The first step toward buying a car is finding out how much you can spend. Vehicle Finance in South Africa requires certain criteria to be met before your loan is approved.
With the NCA they’ll also take your monthly expenditure into account. It’s best to speak to whoever will be doing your finance to give you a guestimate if you will qualify, without actually applying. As a rule of thumb banks will finance a car with a payment of up to 25% of your net salary.
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