ABSA Vehicle Finance

<p>We are relocating to another country; as part of the process, we need to sell our house and vehicles. To avoid ABSA charging 3 months penalty interest, I need to give 3 months notice. I gave ABSA Vehicle Finance notice on the 18th of April. Unfortunately, the way things worked our, we will only be leaving the country on the 20th of August. I phoned ABSA vehicle finance yesterday, to just extend the notice period by 1 month in order for me to sell the car on the 17th of August instead of the 17th of July. I was shocked when they refused to extend my notice period and told me I must give another 3 months notice if I want a capital settlement. I also approached my private banker to mediate discussion but ABSA still refused. Customer for 20+ years, Private Client, doesn't matter... Sorry Sir, no way we can help you... Thanks ABSA! I can highly recommend people to consider one of the new more modern banks in South Africa. Such a shame that we will part on such bad terms, at least makes it easier to decide who not to use for FOREX and I will definitely not keep any accounts open with you whilst on the other side.</p>