Car repossession 'emergency'

By Staff Writer

Car repossession 'emergency'

By Hennie Duvenhage
From Fin24
 
The car trade is in a state of emergency, with banks repossessing between 6000 and 7000 vehicles a month.
The escalating number of vehicles sold by tender or at public auctions are putting pressure on the market for used cars

Justmoney.co.za says:

Have you performed a financial health check? Have you consolidated your debt? Have you considered your car finance?

 

Recent Articles

Featured Should you take out a loan or rent-to-own?

We compare personal loans to new finance models that are emerging, such as rent-to-own, which offers the same solution in a different format.

Why "insurance fronting" for your children is a bad idea

We examine the consequences of “insurance fronting” for your children and investigate legal ways to decrease your children’s premiums in South Africa.

Are you paying too much in bank fees?

We find out how you can bank with savvy, to best manage fees and charges.

What’s the minimum income for a car loan?

When you apply for vehicle finance, your lender will consider several factors when assessing your application, including your income.


Latest Guide

Guide to debt rehabilitation solutions