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…
Tag: Car Financing
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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To Deposit or Not To Deposit: Making Smart Decisions in Used Car Financing
For many South Africans, purchasing a used car is a significant financial decision, often requiring careful thought and strategic planning. A crucial part of this process is deciding whether to put down a deposit when buying a used car. This decision has far-reaching implications, affecting everything from your monthly repayments…