How To Buy A Car With Capitec Bank

Capitec Bank is a well-known financial institution in South Africa that offers a wide range of services, including vehicle financing. Buying a car is a major financial decision, and Capitec Bank can help make the process easier and more affordable. In this article, we will take a closer look at how to purchase a car through Capitec Bank.

  1. Step 1: Determine Your Budget
  2. Step 2: Choose Your Car
  3. Step 3: Apply for Finance
    1. Tip:
  4. Step 4: Sign the Agreement
  5. Step 5: Take Delivery of Your Car
  6. Conclusion

Step 1: Determine Your Budget

The first step in buying a car with Capitec Bank is to determine your budget. This will help you determine the type of car you can afford and the amount of finance you need from the bank. You can use Capitec Bank's online car finance calculator to get an estimate of the monthly instalments and repayment terms based on your budget.

Step 2: Choose Your Car

Once you have determined your budget, you can start looking for the car you want to buy. You can search for cars online or visit dealerships to find the right car for you. Make sure to consider factors such as fuel consumption, maintenance costs, and resale value when choosing a car.

Step 3: Apply for Finance

After choosing your car, the next step is to apply for finance from Capitec Bank. You can apply online or at your nearest Capitec Bank branch. The bank will require certain documents such as your South African ID, driver's licence, and proof of income. The bank will then assess your application and let you know if you qualify for finance.

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To increase your chances of getting approved for finance, ensure that you have a good credit score and a stable source of income.

Step 4: Sign the Agreement

Once you have been approved for finance, you will need to sign an agreement with Capitec Bank. The agreement will outline the terms and conditions of the finance agreement, the repayment terms, and other important details such as insurance requirements.

Step 5: Take Delivery of Your Car

After signing the agreement, you can take delivery of your car! Capitec Bank will pay the dealership or private seller on your behalf, and you will start making monthly repayments to the bank. Make sure to keep up with your monthly repayments to avoid any penalties and keep your credit score intact.


Buying a car with Capitec Bank is a straightforward process that can help you get the car you want at an affordable price. By following the steps outlined above, you can become a car owner and enjoy the freedom and convenience that come with having your own vehicle.

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