Addicted to your content, with a zero bank balance. Not even planning to get a car in the near future, but it wise to be informed about stuff njerr, thank you for simplifying things
Muzi, dude! Thank you so so much. I negotiated my interest rate using the tips you gave here and my interest rate was reduced by 1.75%! Do a livestream soon that allows for superchats so that we can send you cash, bruh.
Thank you bro, u just gave me the courage to let go of my baby who's very dear to my heart, my dream car, Mazda 3 2021. The repo rate hs hicked up my installment from 6 200 when I took it to a whooping 7 100 by the end of 2022 & it's more than I cn afford nw taking to account the other costs dt come wif de car. U hav really helped me to let go bcz holding on to it is just a huge financial suicide & also u hav helped wif options to move on to or consider when down grading. Ur channel is a life saver, very educational, thank u Muzi ur a life saver & I just love ur humor.
Muzi, can you please send me an email via: ayandambatha2@gmail.com I would like to spread your content onto my LinkedIn page: www.linkedin.com/in/ayanda-moses-mbatha-experienced-mechanical-engineering-technologist
Thanks for this valuable information Muzi, jus to share with 'the people'.. So last year when I signed up for a car loan my interest was at 9% and now with the repo rate going up so much I'm now at 11%. So I agree with you Muzi that the linked rate may proof costly in a long run.
Notification bell gang here!! Love the fact that, not only do you do realistic, FAIR car reviews tailored for South Africans but you also do these car finance videos, these are things we should be taught in schools Love these type of videos. Keep pushing Muzi🙏🔥 Keep pushing more of this education
Schools won't teach u to be clever. Banks take loan from reserve bank and the reserve bank is owned by the government. N schools also owned by the government. School won't teach u coz the government dont want u to be clever n u just pay something u dont understand.
Great educational video man in my last 4 cars, i have never paid a deposit, i have always had a balloon payment and i have sold/ traded them in and never had a shortfall. in 2 of them i actually got some change nyana. Lucky me i guess. Good job man, keep it up
Hay jonga I respect you when it comes to knowledge about cars. I only cared about outputs when it comes to cars. I have learnt a lot about cars in this channel.
Some of the channels are okay. Some of the channels are good and some of them are epic finds. Your channel is an epic find, Muzi. I binge watch a bunch of your videos at a time. Keep them coming.
Thank God for mentioning Young Professionals Account. I was thinking about how people just don't know the benefits of using a black card from the banks however Muzi you should encourage people to use the money from those discounted interest rates to further build their wealth. Guys, if you happen to read this please take yourselves seriously and learn more about the benefits of using a black card and how one can use that to create wealth for themselves and their families.
Informative explanations in layman's terms. This is top tier useful information. I was about to ask about the missing humor until I got to the end of the video😅😅😅...
This is exactly the reason I subscribed to this chanel. Knowledge is power & I thank God for creating you Muzi, you really do your bid to empower your fellow brothers and sisters in Mzansi & the whole world. 🙏
Another issue around financing is Loan Amortization, which looks at the interest you pay vs the principal amount and how it influences the period at which you pay for your loan, interesting issue that one 😊
Easy, pay additional money everymonth to the bank. I paid off my car in 4 years instead of 6 years by paying extra money to the bank each month, even an extra R1000 helps.
Muzi, I thank God for your courage to inform us with these valuable principles. I now have a clear spectrum as to what to do with my car which am planning to sell or trade in soon. Thank you my brother for such dedicated good work. May the Almighty God continue to increase your knowledge beyond human comprehension.
Never take the fixed interest rate. You are most likely to pay more than with variable rate throughout your loan term. I bought a car 4 years ago, my fixed interest rate was 14% till today. The bank will establish the interest rate with a worse case scenario and end up with higher rates.
Great quality content!! We really appreciate it hey ! All ir videos are definiTely worth a watch . You are really edicating the masses 🙏… may ir channel flourish and multiply
Heiii Bhut Muzi when you said "Some people are dumb they sign up for private banking but they don't know the benefits of having a black card "😂😂💔💔 Ngizwe ngathi ukhuluma nami coz i signed up for it not knowing the benefits. I was just happy ukuthi i qualify😂😂Eish💔💔
Valuable information👍🏽. Kindly please tell me the difference between the various VW Trendlines. I'm planning on buying my 1st car but needing more information in this regard. Thank you..
Muzi, I am a staunch follower of your car content. And I learn a lot from watching your videos. May you please check if it's possible that one can buy a car on finance using partners (wife or husband) credit score for financial assistance.
Where were you when I got my first car💔 Still got 7.5% (as a new borrower) at a variable rate but if I had your knowledge a year ago ? I Would’ve done so many thing differently. Thank you, now I have learnt what to do for my next one.
Young Professional accounts is what I also have. It was awesome using the private banker to assist me with banking. Just be careful to not take out debt like credit card/private loans and think that money is yours for mahala - you'll end-up in the debt trap that banking are trying to create. If you're smart, you can use it wisely to invest and take small amounts on the credit card so you can pay it back each month and earn more points to buy the luxuries or petrol etc.
I just subscribed I love your videos they are very helpful cause I need to buy a car and I'm here just doing research lol where do you get all these cars!
Hey Muzi, I quickly came back to tell a recent story, certain someone i know from home bought a car (CX5) and pay a deposit upfront, he actually paid R150k more to reduce the installment. yes he got lower interest rates and all that. Here is the interesting but sad part, in 4 days of owning a the car it was involved in an accident and was written off and yes the insurance covered everything, so the guy cried a lot but not because of the car was gone but because of the gone goner gonest R150k (his story highlight one of the few disadvantages of paying deposit upfront).
In cases like these the deposit helps in ensuring that you're not left with a shortfall after the insurer has paid up your claim. If it wasn't for the R150k deposit that person was gonna end up paying for a car he no longer has due to shortfall. A deposit is very important no matter how you look at it. It's only disadvantage is opportunity cost and liquidity.
@@MuziSambo Yah, kuraf out there, He said he had a shortfall cover from his insurer. i also advice him to check your channel for car advice going forward
Great education video. I like to ask is if possible to renegotiate car loan repayment with finance to change it from variable to fixed interest rate ? If yes what are the Consequences. Thank you
So today I downgraded my SUV with a balloon of over 160K thanks to your channel. Also, when they asked me how much I wanted to pay per month I didn't answer the question directly, I just told them ukuthi if the deal, including my shortfall exceeds an x amount I won't take it. Hhaibo batatazela until I was sorted. kodwa ke ubuye wedelele wena. 😂
Muzi you have no idea how valuable this information is especially for evarage person without exuberant budget. Your content is top notch bro👌🏾👏🏿💯🇿🇦
I was about to write the same thing. Muzi for President.
😂😂😂😂😂
Danko grootman🙏🏿🙏🏿🙏🏿🙏🏿
Muzi you're the plug 🔌 all the way from Namibia
Thanks
Addicted to your content, with a zero bank balance. Not even planning to get a car in the near future, but it wise to be informed about stuff njerr, thank you for simplifying things
Yeah neh😂
Same here ❤️
That's me. Not even working atm. Just watching so I know the next reference for when I want to buy a car
Thanks! Keep educating brother👏👏
Before I go buy a car , I must come here watch this video again...💯
Muzi, dude! Thank you so so much. I negotiated my interest rate using the tips you gave here and my interest rate was reduced by 1.75%! Do a livestream soon that allows for superchats so that we can send you cash, bruh.
Thank you bro, u just gave me the courage to let go of my baby who's very dear to my heart, my dream car, Mazda 3 2021. The repo rate hs hicked up my installment from 6 200 when I took it to a whooping 7 100 by the end of 2022 & it's more than I cn afford nw taking to account the other costs dt come wif de car. U hav really helped me to let go bcz holding on to it is just a huge financial suicide & also u hav helped wif options to move on to or consider when down grading. Ur channel is a life saver, very educational, thank u Muzi ur a life saver & I just love ur humor.
I ❤ the mazda 3 so much. How much did you spend on petrol and insurance. I'm thinking of buying this car but I don't think I afford it
Muzi, I never skip the advertisements on your videos so that TH-cam can pay you 😊. Thank-you for the financial education about cars.
Muzi, can you please send me an email via: ayandambatha2@gmail.com
I would like to spread your content onto my LinkedIn page: www.linkedin.com/in/ayanda-moses-mbatha-experienced-mechanical-engineering-technologist
Thanks Bru. Literally recieved approval from bank this weekend for baleno gl. Will use this advice that salesman don't give you . Respect Chief
Thanks for this valuable information Muzi, jus to share with 'the people'.. So last year when I signed up for a car loan my interest was at 9% and now with the repo rate going up so much I'm now at 11%. So I agree with you Muzi that the linked rate may proof costly in a long run.
Notification bell gang here!!
Love the fact that, not only do you do realistic, FAIR car reviews tailored for South Africans but you also do these car finance videos, these are things we should be taught in schools
Love these type of videos. Keep pushing Muzi🙏🔥 Keep pushing more of this education
Schools won't teach u to be clever. Banks take loan from reserve bank and the reserve bank is owned by the government. N schools also owned by the government. School won't teach u coz the government dont want u to be clever n u just pay something u dont understand.
Great educational video man
in my last 4 cars, i have never paid a deposit, i have always had a balloon payment and i have sold/ traded them in and never had a shortfall. in 2 of them i actually got some change nyana. Lucky me i guess.
Good job man, keep it up
That’s interesting, but you are not lucky it’s probably because you had a good credit score, was your car financed and with what interest rate
Mr Sambo, keep up the good work. This information you're providing us is extremely useful and interesting.
I swear you explained those rates far much easier than how the banks would
They use financial terms when explaining
Man this guy is so helpful. Im buying my second car and this time its financed, there's so much to learn from this Gentlebrother
Hay jonga I respect you when it comes to knowledge about cars. I only cared about outputs when it comes to cars. I have learnt a lot about cars in this channel.
Some of the channels are okay. Some of the channels are good and some of them are epic finds. Your channel is an epic find, Muzi. I binge watch a bunch of your videos at a time. Keep them coming.
U giving us content we never knew we needed ❤️🔥🔥🔥😅
I'm way too knowledgeable now ..I can go claim to know more ...simply because of your Informative channel....
Thank God for mentioning Young Professionals Account. I was thinking about how people just don't know the benefits of using a black card from the banks however Muzi you should encourage people to use the money from those discounted interest rates to further build their wealth. Guys, if you happen to read this please take yourselves seriously and learn more about the benefits of using a black card and how one can use that to create wealth for themselves and their families.
Informative explanations in layman's terms. This is top tier useful information. I was about to ask about the missing humor until I got to the end of the video😅😅😅...
This is exactly the reason I subscribed to this chanel. Knowledge is power & I thank God for creating you Muzi, you really do your bid to empower your fellow brothers and sisters in Mzansi & the whole world. 🙏
"like black card, black card makoya not the black card you get from that bank where you find people in a LONG queue going to 1 ATM" 😭😭😂😂😂💔
Brutal 😂😂😂😂
😆😆😆😆😆 funny
no banks mentioned.
😭😭😹😹😹
Very informative..You trully are heaven sent and 🥂 for the 60K milestone.
A whole accounting lesson 😭😭
Dankie dankie
Another issue around financing is Loan Amortization, which looks at the interest you pay vs the principal amount and how it influences the period at which you pay for your loan, interesting issue that one 😊
Can you please explain in a simple way.
Can you make a video as to how a person can try to pay off a car loan faster eg.2 years instead of 5 or6
We are waiting anxiously
Easy, pay additional money everymonth to the bank. I paid off my car in 4 years instead of 6 years by paying extra money to the bank each month, even an extra R1000 helps.
Very informative as always...buh please😭😭😭😭leave capitec alone😅😂.....
Content after content after content, simplified yet invaluable ahhh mchana you killing it.
Muzi, I thank God for your courage to inform us with these valuable principles. I now have a clear spectrum as to what to do with my car which am planning to sell or trade in soon. Thank you my brother for such dedicated good work. May the Almighty God continue to increase your knowledge beyond human comprehension.
Never take the fixed interest rate. You are most likely to pay more than with variable rate throughout your loan term. I bought a car 4 years ago, my fixed interest rate was 14% till today. The bank will establish the interest rate with a worse case scenario and end up with higher rates.
I am so grateful for this channel, like where would I be without your insight Mizo?!🤗
You have taught me more practical things than our useless school system
Will one be wrong to call Muzi the Goat South African Car reviewer in simple and understandable language? Salute
i never comment on YT videos but this one i had to. thanks, very straightforward and informational!
Finally you are not behind the camera🤟😄.. we thank you for the financial advice 🙏
this guy is a superhero yoh!! educate us Muzi educate us!!
This is commendable I have learnt alot from this clip I feel like to visit a dealer just for practicality.
Great quality content!!
We really appreciate it hey ! All ir videos are definiTely worth a watch . You are really edicating the masses 🙏… may ir channel flourish and multiply
This was very informative. May God bless you
Congratulations on the 60K 🥳🥳🥳🥳
You're hitting those subs because you're doing good work brother... hats off to you 👏
Thanks for this information bro.... I wish someone could have schooled me on my earlier years on financial education
Nice one Muzi, finally a local explaining how rates work. Keep it up!
Danko! Congratulations on your 60k milestone!!🥳🥳🥳🥳
Gcwala sgebengu,big up for 60k & may it go up strong.Thanks for the info
cos now im out of the jungle.Ola
I'm only seeing this very important video now. Thank you Muzi, this was very informative.
Happy to be part of the 60k team 🏁...
Best YT channel. Keep it up
Well done on 60k subscribers 🎉and thank you for your time and effort
Heiii Bhut Muzi when you said "Some people are dumb they sign up for private banking but they don't know the benefits of having a black card "😂😂💔💔 Ngizwe ngathi ukhuluma nami coz i signed up for it not knowing the benefits. I was just happy ukuthi i qualify😂😂Eish💔💔
You can't know everything in life but the fact that you qualify for private banking means you’re doing very well😁😉
Very informative video. Thanx for sharing and congrats on 60k. 100k coming soon 🤞🤞
Valuable information👍🏽. Kindly please tell me the difference between the various VW Trendlines. I'm planning on buying my 1st car but needing more information in this regard. Thank you..
Muzi, I am a staunch follower of your car content.
And I learn a lot from watching your videos.
May you please check if it's possible that one can buy a car on finance using partners (wife or husband) credit score for financial assistance.
I didn't know anything about repo rate and prime lending rate. Now I understand clearly what they mean.
Higher grade stuff👍,
Thanks for making it easier to digest for the average person bro
Watching your program a while now Ntwana.. Just subscribed.. Enkosi Bawo for valuable information
Danko!!! Congratulations on hitting 60k🥳🥳🥳
Ngikwatile kutsi udlala iXBOX anyways asikho lapho 🤣😂 thanks for the info bro, very much appreciated 😉
Xbox is life but asphume lapho😏
Mr Sambo thank you for your content, I'm your new follower recently watched almost all your videos.
Congratulations 🎉 on 60 K followers I love your content🤞 share the title of the background sound phela Musa 😜
Where were you when I got my first car💔 Still got 7.5% (as a new borrower) at a variable rate but if I had your knowledge a year ago ? I Would’ve done so many thing differently. Thank you, now I have learnt what to do for my next one.
Young Professional accounts is what I also have. It was awesome using the private banker to assist me with banking. Just be careful to not take out debt like credit card/private loans and think that money is yours for mahala - you'll end-up in the debt trap that banking are trying to create. If you're smart, you can use it wisely to invest and take small amounts on the credit card so you can pay it back each month and earn more points to buy the luxuries or petrol etc.
Which professional account are you using?
9:09 not the long queue gang catching strays 🤣🤣🤣
Doing the lords work 🙌
I feel ready to buy car🙌🏾 Mara now I just need the money🤣😂
It feels weird now that I see your face😂😁🔥but content is great still
The way you speak finances, one would swear you are an accountant not a doctor...🤞🤞 😂😂
Otherwise thanks for a deep info.... 👏👏
60k halala🙌🏽🙌🏽. keep it Muzi🎈🎊
How i wish I came across your channel before I bought a car, because wow, the banks did the most 😢
I just subscribed I love your videos they are very helpful cause I need to buy a car and I'm here just doing research lol where do you get all these cars!
Wayichaza kahle lentfo bhuti, sivile, thanks bro.
My mother wants to buy the 2019 kia seltos but she doesn't know much about it please do a review of it
Dankoo means thank you. 🗣Po Poo Pooo🥳🥳
Still waiting for Avanza review🙏, thank you in advance👏👏
Muzi is not just a beautiful humorous voice behind these videos, but good looking too 😍
Hi Muzi, can you please cover the topic of purchasing a car at an auction.
Is it just me or does mr Sambo look like daliwonga😅🤷. Otherwise very valuable info🙋🙋🙌🙌👏👏🤝
Very informative video Muzi! Thank you 🙏🏿 keep them coming!🥂
Valuable information. Thank you so much.
Sure Muzu, ngise Pmb ngidinga ukuthenga ibakkie single cab ngoDecember ngine budget ya R 190 000 ngicela ungisize
Veeery useful, straight to business I've learnt a lot in under 10 mins. Danko🤟🤟
Nice one mate. Key information ‼️😎
Hey Muzi, I quickly came back to tell a recent story, certain someone i know from home bought a car (CX5) and pay a deposit upfront, he actually paid R150k more to reduce the installment. yes he got lower interest rates and all that. Here is the interesting but sad part, in 4 days of owning a the car it was involved in an accident and was written off and yes the insurance covered everything, so the guy cried a lot but not because of the car was gone but because of the gone goner gonest R150k (his story highlight one of the few disadvantages of paying deposit upfront).
In cases like these the deposit helps in ensuring that you're not left with a shortfall after the insurer has paid up your claim. If it wasn't for the R150k deposit that person was gonna end up paying for a car he no longer has due to shortfall.
A deposit is very important no matter how you look at it. It's only disadvantage is opportunity cost and liquidity.
@@MuziSambo Yah, kuraf out there, He said he had a shortfall cover from his insurer. i also advice him to check your channel for car advice going forward
@@MuziSambo There is also shortfall insurance offered by the innovation group from Nedbank.
Thanks man, quick question regarding the fixed interest rate. Is there a possibility of the repo rate decreasing?
Thank you for such informative content brother 🙌🏾🙌🏾🙌🏾🙏🏾
what is a good credit score for a car loan?
well done on reaching 60k subbies!!!🎉🥰
Great education video. I like to ask is if possible to renegotiate car loan repayment with finance to change it from variable to fixed interest rate ? If yes what are the Consequences. Thank you
Make a video of how to buy a car cash 🥺
I opted for fixed rate last year on my tsi dsg ,anticipating recession in future
Please Please review a Nissan Magnite...
So today I downgraded my SUV with a balloon of over 160K thanks to your channel. Also, when they asked me how much I wanted to pay per month I didn't answer the question directly, I just told them ukuthi if the deal, including my shortfall exceeds an x amount I won't take it. Hhaibo batatazela until I was sorted. kodwa ke ubuye wedelele wena. 😂
*The SUV had a balloon of over 160K.
🙌I love to see my people winning💪 Usebenzile Mwelase....as for ukudelela, as'phume lapho🤗😁
Weird seeing ur face, you are so chilled…thought you were always bashing-I miss understood ur tone 🙊😹😹😹😹
Keep up the great content Muzi, always look forward to new content uploaded unto your channel.
Yoh your content is very helpful. Here taking notes
Great stuff nwana-madala. Would love to be educated about personal loans too.
We have our very own minister of finance here💯👌
That Cladding on your wall Yenza 1 grootman👊👊
Your videos are very informative, bro big up! 🙏. Could you please do a cost of ownership for a polo vivo GT.
Why can't reserve bank directly lend us money on that 5.5% I think we were gonna save a lot of money. Banks are ripping us off. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
What is a good credit score one may need to have in order to get Prime (-).
Muzi Sambo is a BMW fAN boy... If he was not money Smart ngabe le'Video ishawe kwi 3 SERIES 😂😂...✊ SALUTE brazo