Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living
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Stay vigilant and really understand what higher interest rates mean for you, says one expert
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South African households are under financial stress due to Covid-19, with many struggling to make vehicle loan repayments 18 months into the pandemic
A programme to help Uber drivers obtain vehicles has proven exorbitantly expensive — and drivers still won’t own their cars in the end
‘An improvement was observed in first-time defaults on personal loans, credit cards and home loans’
The popularity of balloon payments — an inflated final payment of a loan, paid in full at the end of the loan agreement — is on the wane.
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/ 12 January 2011
Vehicle sales are up, but South Africans are showing a preference for more affordable cars.
How bad can a balloon payment on your car be? Bad, very bad, writes <b>Maya Fisher-French</b>
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/ 9 September 2010
The latest rate cut makes property more affordable and goes some way to offsetting the carbon emissions tax on new cars.
Opting for the more expensive car could cost you a deposit on your first home.
When buying a car in tough times go for well-known names rather than take the risk on new brands, writes Maya Fisher-French.
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/ 27 November 2008
Marcel de Klerk is managing executive of Absa Vehicle Finance gives tips on how to go about managing your vehicle costs.