Tag - vehicle finance

What to do when you fall behind on repayments

Lindi wrote to me looking for advice regarding her car repayments. She had fallen behind on her repayments to BMW Finance as her business was in financial difficulty. She wanted to find out if she could hand back the car to the financial institution and what the implications would be on her credit profile. By the time I received the query, BMW...

Car insurance – mind the gap

There are two major purchases you will make in your lifetime for which entering into debt can be justified: one is the purchase of property and the other is the purchase of a car. If you buy a car through bank finance, you will find that taking out comprehensive car insurance is compulsory. What many consumers fail to take up, however, is the...