I bought the car that was under Westbank bank what must I do to get the original papers because we only have duplicate the first owner of the car died is under her child who is selling it to pay her school fees we struggle to get the original papers need to know what to do
There are pros and cons to both financing a car and buying one with a personal loan. The benefit of a personal loan is that you can buy any car you want, even if it's very an old or a car that won't normally qualify for finance because of its age/mileage. The cons of a personal loan are that the interest rates are significantly higher than a normal car finance transaction, anything above 20% interest on the loan is quite normal whereas car finance interest rates averages between current prime interest rate + 5%.
Does the buyer need to be a tax paying South African Citizen? What if they are South African but work for an overseas company and don’t pay tax here in SA? Everything else checks out except this.
Any deposit amount is generally considered "good". A higher deposit will show a financial lender like a bank that you have good financial habits and will likely be able to service the debt for the car finance. So "Yes", it's a good thing.
What happened to you guys? Site isn't up and links are broken. Watching your videos and I feel like you're doing a good job
Very insightful, thank you.
Glad it was helpful!
This video is priceless!!!
I bought the car that was under Westbank bank what must I do to get the original papers because we only have duplicate the first owner of the car died is under her child who is selling it to pay her school fees we struggle to get the original papers need to know what to do
Please tell me which is better between a bank vehicle finance and taking a personal loan to purchase a car?
There are pros and cons to both financing a car and buying one with a personal loan. The benefit of a personal loan is that you can buy any car you want, even if it's very an old or a car that won't normally qualify for finance because of its age/mileage. The cons of a personal loan are that the interest rates are significantly higher than a normal car finance transaction, anything above 20% interest on the loan is quite normal whereas car finance interest rates averages between current prime interest rate + 5%.
do i need to be employed and have a paylip or i can qualify even if i'm self employed and have no payslip?
Why doesn't wesbank fasttrack service for pre approval work?
How to find that the roadworthy test is authentic?
Does the buyer need to be a tax paying South African Citizen? What if they are South African but work for an overseas company and don’t pay tax here in SA? Everything else checks out except this.
Hi.. Is a high deposit a good or bad thing?
Any deposit amount is generally considered "good". A higher deposit will show a financial lender like a bank that you have good financial habits and will likely be able to service the debt for the car finance. So "Yes", it's a good thing.
Balloon payment 🎈😕
And don't trust cars driven by old ladies I've seen them getting down in the gheto at night and gambling their savings away
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