PREMIUM!

Vehicle finance or cash? Choose wisely

Columns 6 days ago

If you feel that you can rather put that R100 000 to better use elsewhere, a fixed deposit at a bank is your safest bet.


31 Jul 2020
PREMIUM!
Vehicle finance or cash? Choose wisely

Image from iStock

After the recent interest rate cut, financing a vehicle is as affordable as its been for almost five decades. Taking out vehicle finance is the only way most people can afford a set of wheels, but forking out your hard-earned cash to pay interest to a financial institution for a fixed period is still a bitter pill to swallow. Especially for a vehicle that depreciates year on year. Not everyone is blessed with having the lump sum required to buy a car lying around, but should you be in such a position you’d be wise to weigh up your options...

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