How to buy your car in 5 easy steps
See what you can afford
Start by calculating your budget and monthly instalments
Find a vehicle
Next comes the fun part – shopping for a vehicle
Apply for finance
Your application should take about 15 minutes
Get cover
Protect and maintain your assets for the full term of the loan
My MFC Contract
Digitally sign your vehicle finance agreement
Finance calculators
Use our budget calculator to see how much you can afford to loan, or our instalment calculator to work out the cost of your monthly repayments.
- Budget calculator
- Instalment calculator
Enter your monthly income after taxes, and then subtract your monthly expenses. The remaining balance will give you an idea of what you can allocate towards a monthly repayment.
Monthly income
R 0.0
R 0.0
R 0.0
R 0.0
- The price of a vehicle or asset is calculated on a default rate of prime + 3% over 60 months with no deposit and no balloon payment.
- Remember to budget or allow for the cost of comprehensive vehicle or asset insurance for the vehicle or asset you want to finance.
- Remember to budget for monthly fuel, toll and vehicle or asset maintenance costs.
All calculations made using the calculators on this site, along with the quoted rates, are guidelines only and must be confirmed at the time of finalising any transaction. Calculations made on this site do not guarantee approval. The price of a vehicle or asset is calculated on a default rate of prime + 3% over 60 months with no deposit and no balloon payment. Affordability is determined through a full credit assessment, which includes verifying your income, expenses, credit record, and provided information. Since MFC has no control over the information and variables you enter, the figures generated by the calculators are not binding on the bank.
The user indemnifies MFC against any loss or liability that may be caused or brought about, directly or indirectly, as a result of using any calculator. The site, all information provided on this site, and the services offered are provided as is. The information on this site should not be considered professional advice.
Calculate your monthly instalment based on the asset price, the deposit you can afford to put down, if applicable, and your preferred repayment period.
Are you financing a vehicle or a solar solution?
R
%
R 69.00
R 1207.50
%
R
%
R 69.00
R 1207.50
Year Model |
Maximum Term |
Balloon Maximum |
New/0 years |
72 months |
35% |
84 months |
0% |
|
90 months |
0% |
|
96 months |
0% |
|
1 - 3 years |
72 months |
30% |
84 months |
0% |
|
90 months |
0% |
|
4 - 5 years |
72 months |
25% |
84 months |
0% |
|
90 months |
0% |
|
6 - 10 years |
72 months |
0% |
> 10 years |
60 months |
0% |
All calculations made on the calculators supplied on this site, together with rates quoted, are guidelines only and are subject to confirmation at the time of finalising any transactions. All calculations calculated on a default rate of Prime+3%. The max payment period/term is 96 months with no balloon payment subject to the age and model of the vehicle and credit assessment. The solar solution you want to finance must be new. The max payment period/term for solar finance is 96 months with no balloon payment. No used, demo or second-hand solar solutions are permitted. Since MFC has no control over the information and variables entered by the user, figures generated by the calculators will not be binding on the bank whatsoever. All Standard MFC Credit Terms and Conditions apply.
The user indemnifies MFC against any loss or liability, of whatsoever nature that maybe caused or brought about, directly or indirectly which the user may suffer as a result of the use of any calculator. The site and all information provided on this site and the services provided on this site, are provided as is. The information provided on this site should not be treated as professional advice of any kind.
Ready to search for your car?
Search for a dealership
Save time and shop with confidence at any one of these approved MFC dealerships. Applying for your vehicle finance will be quick and easy if you should find your dream car.
Upcoming auctions
MFC holds regular vehicle auctions at locations across the country. Use our auction calendar to find an event near you, and see its catalogue. You might just find a vehicle that you are interested in bidding on.
Find a car on Avo Auto
Powered by Nedbank, Avo Auto is your one-stop shop for cars. Find your wheels on Avo Auto and we'll be happy to help you finance them.
Apply for finance that meets your needs
Buying from a dealership
If you seeking peace of mind, we'll finance your purchase through an MFC accredited dealership.
Buying from a private seller
Should you be buying your vehicle directly from a private individual, we’ll help facilitate a safe and secure sale.
Getting solar finance
We make it easy to get a solar-energy solution for your home with safe, secure solutions from preferred providers and hassle-free financing.
Move your finance to MFC
Let us assist you with switching your existing asset finance to MFC.
Protect and maintain your assets
Vehicle cover
MFC offers a range of products that can be added to your finance agreement to assist in the care and maintenance of your vehicle.
Key benefits
- Covers you for the unexpected.
- Provides peace of mind and convenience.
- Ensures proper maintenance and enhances the resale value of your vehicle.
MyCover short-term insurance
MyCover short-term insurance offers comprehensive cover for your home, car, and other valuables – all in 1 place.
Key benefits
- Enjoy up to 20% off premiums.
- Receive a 10% cashback after 3 claim-free years.
- Enjoy a simple and fast claims process.
Need help?
Get in touch
Speak to one of our helpful agent or ask us to call you back about a financing solution.
Get cashback with MiGoals
Open an MiGoals Plus or MiGoals Premium Account and pay your vehicle or asset finance repayments from it to earn R200 cashback every month.
Switch to Nedbank, hassle-free
Switch your salary payments and debit orders to your Nedbank account without having to visit a branch. Enjoy great rewards and benefits too.