Buying a used car in South Africa is often a wiser financial decision (than purchasing a new one), but unless you’re paying cash, you’ll likely need a car loan. While financing a used car is common, it comes with risks – one of the biggest being the risk of becoming…
Category: Financing Advice
After insights and help for financing your used car? This category offers financing advice for everything from insurance types, car deposits, financing tips and tricks, and more.
Financing Advice
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Understanding the consequences of loan defaults on your credit score
Despite the best intentions and efforts, it can sometimes be challenging to stay on top of financial commitments, especially with the rising cost of living impacting many South African households. As a trusted partner in vehicle finance, WesBank aims to ensure that car buyers are aware of how loan defaults…
Buying Advice
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Car finance vs. personal loans for buying used cars
With South Africa’s used car market booming in 2024, more buyers are exploring their financing options to find the best way to afford a reliable vehicle. Two popular choices for buying a used car are traditional car finance and personal loans, but which is the smarter move? Let’s dive into…
Buying Advice
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Rent-to-Own a used car in South Africa: Everything you need to know
Rent-to-own has become an increasingly popular option for South Africans looking to buy a used car, especially when traditional financing is out of reach. But what exactly does rent-to-own mean, and is it the right choice for you? Here’s an in-depth look at how rent-to-own works, its benefits and drawbacks,…
Buying Advice
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How to buy a used car if you’re blacklisted in South Africa
Being blacklisted can complicate life’s essentials, especially when it comes to buying a car in South Africa. Whether you need a vehicle for work, family, or everyday convenience, there are still viable options, even if traditional financing isn’t available. Here’s a guide on how to buy a used car in…
Buying Advice
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F&I Managers: Your guide to better deals at South African car dealerships
When buying a car, you’ll likely encounter an F&I (Finance and Insurance) manager at the dealership. But what exactly do they do, and how can they help you get a better deal? Here’s everything you need to know about the role of an F&I manager and why they’re a valuable…
Financing Advice
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Understanding car insurance for used cars in South Africa
Navigating the ins and outs of car insurance for used cars in South Africa can be as intricate as driving through a bustling city during rush hour. Whether you’ve just purchased a vintage sedan or a more recent hatchback, understanding your insurance options and how to select the right coverage…
Buying Advice
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Demand for pre-owned cars outpaces new cars by more than two-to-one, reports Wesbank
The prolonged economic downturn experienced across multiple sectors in South Africa has resulted in markedly depressed sales in the new car segment over the past 12 months. This is evident in the monthly new car sales data released by naamsa | the Automotive Business Council. As consumers seek more affordable…
Buying Advice
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The Used Car Buying Toolkit [2024 Guide]
This website was born from the idea of helping potential used car buyers with sound (I like to think) advice. From various models to avoid, financial pitfalls, and navigating the fine print to how-tos and practical insights into how to check a used car before buying. I’ve worked at vehicle…
Financing Advice
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The Ultimate Guide to Financing a Used Car in South Africa
So, you’ve found the perfect used car and are ready to drive it off the lot. But before you can hit the road, you need to figure out how to finance your new ride. Navigating the world of car loans can be daunting, especially for first-time buyers. Fear not! We’ve…