Jaco Van Der Merwe
Head of Motoring
6 minute read
19 Apr 2020
12:00 pm

New or pre-owned – choose wisely

Jaco Van Der Merwe

Buying a car is a big financial decision and making the right choice is crucial.

Picture: iStock

Apart from buying property, acquiring a car is most likely the biggest financial decision most people will make during their lifetimes. And because a very small percentage of people are blessed to have the kind of cash required to buy a car lying around, having your vehicle financed is the most accessible way to own a set of wheels. But vehicle finance binds you into a contract with a financial institution that dictates prompt repayments over a number of years which includes an initiation fee, interest and monthly admin fees. In other words, it’s not like buying a shirt you...