Owning a car in South Africa is a massive financial commitment – and consumers must factor in more than just the purchase price.
Buying a car is an exciting endeavour but also a massive financial commitment that requires a complete understanding of the expenses involved.
“Vehicle finance is one way for people to buy a car without having to pay the full amount upfront. Instead, they can spread the cost over time through financing.”What is the actual purchase priceFinancing costs For instance, balloon financing may reduce the monthly installments but will require someone to pay the limp sum settlement, known as the “balloon payment” at the end of the loan term.Insurance
A well-maintained vehicle is attractive for buyers who want to resell or trade-in for a new model at a later stage.
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