Car Finance South Africa: Your Step-by-Step Guide + Pros & Cons

Ready to hit the South African roads in your new car? Navigating car finance can seem tricky, but this guide breaks it down for you! In this video, we walk you through the complete process of getting car finance in South Africa.

Here's what you'll learn:

Understanding Your Affordability: Before you even start looking, we'll show you how to calculate what you can realistically afford, considering your income, expenses, and the total cost of car ownership (not just the monthly payment!).

Types of Car Finance in SA Explained:
Instalment Sale Agreement: We dive deep into how this popular option works, who it's best for, and the pros (like car ownership at the end) and cons (potential for higher interest).

Guaranteed Future Value (GFV) / Balloon Payment Plans: Understand how these plans can offer lower initial payments but come with a significant lump sum at the end. We discuss the pros and cons to help you decide if it's right for you.

Whether you're a first-time buyer or looking to upgrade, this video is your ultimate resource for understanding car finance in South Africa. We'll equip you with the knowledge to choose the right finance product, navigate the application process smoothly, and drive away in your dream car with confidence!

Don't forget to LIKE, SUBSCRIBE, and hit the BELL icon for more helpful content on personal finance in South Africa!

Visit Cars.co.za at:
https://www.cars.co.za

Sell your car on Cars.co.za:
https://www.cars.co.za/sell-car/

Follow Cars.co.za on the socials:

https://www.twitter.com/CarsSouthAfrica
https://www.facebook.com/CarsSA
https://www.instagram.com/CarsSouthAfrica
https://www.tiktok.com/@carssouthafrica

Follow SentiMETAL on the socials:

https://instagram.com/sentimetal_productions
https://www.facebook.com/SentiMETALProductions

Download the Cars.co.za App here:

Apple
https://apps.apple.com/za/app/cars-co-za/id626789511

Android
https://play.google.com/store/apps/details?id=com.mushroomcloud.cars&hl=en_ZA&gl=US

Huawei App Gallery
https://appgallery.huawei.com/#/app/C100880073