Car finance fiasco

By Staff Writer

Motor industry is running on empty  
By Thabang Mokopanele                                                                                              From
Businessday.co.za

FOUR years of booming sales accompanied by huge investments have come to a screeching halt as the motor industry faces the spectre of dealership closures and widespread job losses.

The motor industry, which has been a direct beneficiary of the expansion of the economy at an average rate of 5% every year since 2004, is now in the doldrums due to consumers' dwindling discretionary income .

Justmoney.co.za says:

Interest rates are widely expected to rise this week. Nobody wants to lose their cars or their homes. Check to see whether you can consolidate your debt. Review your vehicle finance and pay off your credit cards. Open a savings account and consider the home loan that you have. Times are getting tougher and now is the time to get your finances sorted out.

Recent Articles

Featured Learn how to sidestep these common scams

With the growing number of digital transactions, the possibility of being scammed has increased. We highlight three online scams and provide pointers on how you can protect yourself.

When is it too late to take out life insurance?

We consider life insurance options for middle-aged or older consumers, and alternatives to life cover if you are declined by insurers.

Can your workplace offer you financial assistance?

People facing financial difficulties may turn to their company for assistance. We consider how companies can assist and how employees can access this.

Changing from one medical scheme to another - effortlessly

It’s important to regularly assess your insurances to ensure they offer the best value for money, and are the best fit for your current needs.


Latest Guide

Guide to debt rehabilitation solutions