Vehicle Finance
latest news & developmentsSA consumers turn to personal loans, unsecured credit to survive
Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living This content is restricted to registered users and…
EXPLAINER: Interest rates are on the up. What should you do?
Stay vigilant and really understand what higher interest rates mean for you, says one expert
Car owners still struggle to pay off their vehicle loans
South African households are under financial stress due to Covid-19, with many struggling to make vehicle loan repayments 18 months into the pandemic
Uber drivers lament ‘exploitative’ WesBank deal
A programme to help Uber drivers obtain vehicles has proven exorbitantly expensive — and drivers still won’t own their cars in the end
Consumers’ credit health shows signs of recovery
‘An improvement was observed in first-time defaults on personal loans, credit cards and home loans’
Getting wise to the dangers of balloon payments
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.
Vehicle sales up, prices should remain stable
Vehicle sales are up, but South Africans are showing a preference for more affordable cars.
The real cost of a balloon payment
How bad can a balloon payment on your car be? Bad, very bad, writes <b>Maya Fisher-French</b>
How the interest rate cut will affect you
The latest rate cut makes property more affordable and goes some way to offsetting the carbon emissions tax on new cars.
How a R200 000 car could cost you R400 000
Opting for the more expensive car could cost you a deposit on your first home.
Stick to the brands you know
When buying a car in tough times go for well-known names rather than take the risk on new brands, writes Maya Fisher-French.
How to afford your car
Marcel de Klerk is managing executive of Absa Vehicle Finance gives tips on how to go about managing your vehicle costs.