How long does it take to save a car deposit?

Aiming at an entry vehicle around R80 000, the deposit is roughly R8 000 — reachable in six to nine months for most people saving a fixed amount every payday.

Should I apply before I have the full deposit?

Yes. Applying first tells you exactly which value band you qualify for and therefore the exact deposit figure to save towards, instead of guessing.

Does applying early affect my credit score?

No. EzAuto runs a soft credit check only, which does not affect your score, and approval is based on affordability.

Can family pay the deposit for me?

The rental agreement and the vehicle stay in the name of the approved applicant. Where the deposit money comes from is discussed at application, since it needs to be traceable on your bank statements.

How to Save for a Car Deposit in South Africa

Work out your car deposit target from the vehicle band you want, with real 10% figures, and get your documents ready while you save.