What percentage of income should a car be?

About 25% of gross income for the all-in monthly vehicle cost is the common guide, with total commitments under roughly a third. Our own assessment is based on your bank statements rather than a fixed percentage.

Do you use a fixed ratio to approve me?

No. Approval is affordability-led: we assess what the monthly rental leaves you with after your existing commitments, using three months of payslips or six months of statements if you are self-employed.

Is the minimum income negotiable?

No. A minimum gross income of R14,000 a month applies to every application.

Will applying hurt my credit score?

No. The credit check is soft and does not affect your score, because this is a rental agreement rather than a credit agreement.

How Much of Your Income Should a Car Take?

The 25%-of-gross guide for car costs in South Africa, checked against real monthly rental figures, plus how EzAuto assesses affordability instead.