South Africans spend real time behind the wheel, adding up to a mind-boggling number of kilometers driven each year. But every mile and minute chips away at your car’s value, a process known as depreciation. Car depreciation is the loss in value from when you buy your car to when…
Tag: Car Finance
Buying Advice
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Harnessing the Power of Direct Deposits: Capitalisation in Used Car Financing
The journey of used car financing is a winding road, filled with terminologies that might initially seem daunting. A little known aspect of capitalisation comes to light when we talk about direct deposits made on the capital amount of a used vehicle. This strategy, often overlooked and vastly underutilised, can…
Buying Advice
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All you need to know about Balloon Payments [A Guideline]
This article investigates balloon payments used in vehicle finance schemes and how to circumvent the problem of repaying large lump sums every 5 or more years.