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Financed Cars

Are financed cars worth it?

You can get a better car

Because car finance allows you to pay off a vehicle monthly over many years, you may now find it within your budget to afford a more expensive and higher quality car. If you were paying cash, you would only be able to purchase a vehicle that falls into your cash budget at the time.

What does it mean to be financed for a car?

Financing a car means taking out a car loan that you repay over time. When you take out a car loan, you agree to pay back the amount you borrowed, plus interest and any fees, within a set period of time.

How do I finance a car in South Africa?

Apply for finance

  1. be 18 years old or older.
  2. be a permanently employed salaried individual, earning a minimum salary of R6500 pm.
  3. have a valid South African drivers licence with no endorsements.
  4. be a South African citizen or permanent resident; and.
  5. have a good credit history.

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