Mapalo is in the market for a new car. What should she consider? How does she work out her affordability and should she put down all her savings as a deposit?
Tag - buying a car
A common area of confusion when it comes to car finance is around balloon payments, also called residual payments.
A 23-year-old wants to do the right thing with her money and not end up a casualty of ‘bad debt’.
What are your options when you can no longer afford your dream car?
One of the more frequent questions I get asked is whether it makes sense to pay an upfront deposit when buying a car.
If you are considering buying a car, try save up so that you can put down a deposit. This will reduce the total cost of the car.
Almost all applicants for the City Press/Absa Money Makeover competition stated that their biggest financial mistake was buying a new car.
I often receive complaints from people who have signed agreements they haven’t fully understood. Unfortunately there is little recourse for the consumer in such cases. Take time to read the fine print.
Auctions are typically associated with property or fine art, however, you can also pick up a good second-hand car at an auction. The first thing you need to know when buying a car on auction is that it is sold “voetstoots”, which means that you buy the item as is. Unless you take the time to bring any defects to the attention of the seller before...
By Nicholas Nkosi, Head of Vehicle and Asset Finance – Personal Markets, at Standard Bank It is natural to think about the joys of starting the New Year in your dream car when your bank account is filled with an end-of-year bonus. However, is it advisable to buy a brand new or pre-owned car during the festive season? The answer is yes – as long as...