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…
Tag: Financing
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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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…
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.