21/08/2026
Keep these tips in mind when buying that new car:
๐ ๐๐๐๐ถ๐ป๐ด ๐ฎ ๐ฐ๐ฎ๐ฟ ๐๐ผ๐ผ๐ป? ๐๐ผ๐ป'๐ ๐ณ๐ฎ๐น๐น ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฏ๐ฎ๐น๐น๐ผ๐ผ๐ป ๐ฝ๐ฎ๐๐บ๐ฒ๐ป๐ ๐๐ฟ๐ฎ๐ฝ! ๐Letting the dealership control the numbers can quietly wreck your budget. Hereโs how a R400,000 car purchase spiralsโ๐ฎ๐ป๐ฑ ๐ต๐ผ๐ ๐๐ผ ๐๐ฎ๐๐ฒ ๐ฏ๐ถ๐ด ๐
โ ๏ธ๐๐ง๐ต๐ฒ ๐๐ฎ๐น๐น๐ผ๐ผ๐ป ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐ ๐ง๐ฟ๐ฎ๐ฝ
๐นClient salary is R30 000 pm and affordability calculations will indicate that he can afford R7 500 pm in repayments. The dealership find that the repayment will be R8 200 and is too high...
๐นDealerships offers a 72-month contract with a 30% balloon payment (R120k due at the end).
๐นThe Reality: Total cost shoots up to R630,000+ due to long-term interest.
๐ก ๐ง๐ถ๐ฝ๐ ๐ผ๐ป ๐ต๐ผ๐ ๐๐ผ ๐ฆ๐ฎ๐๐ฒ ๐๐๐!
๐นBefore signing, test the numbers on an online calculator (like FNBโs).
๐นNegotiate Your Rate: Deal directly with your bank to get closer to Prime interest.
๐นAsk for a 1.5% Discount: A tiny price cut drops your monthly payment to your budget targetโno balloon needed.
๐นThe Savings: Total payout drops from R630k to R540k. Thatโs R90 000 kept in your pocket!๐ฐ
๐นGo for Demo Models: Shaves ~5% off the purchase price instantly.
๐นBuy Second Hand: A car of similar make and model for half price, + extended warranty, and finance over 36 months at R6 600 pm. That's R600 pm extra into your budget!๐ฐ
๐นUse this as trade in to the one you wanted and finance R300 000 (after increase) over 60 months and keep your installment at R6 600 pm.
๐นTotal cost is R630 000 over a longer term and you end up with a car that is three years younger.
๐ Bottom Line: ๐๐ผ๐ป'๐ ๐น๐ฒ๐ ๐๐ฎ๐น๐ฒ๐๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐ฑ๐ถ๐ฐ๐๐ฎ๐๐ฒ ๐๐ผ๐๐ฟ ๐ฏ๐๐ฑ๐ด๐ฒ๐. ๐ฆ๐ต๐ผ๐ฝ ๐ฎ๐ฟ๐ผ๐๐ป๐ฑ ๐ณ๐ผ๐ฟ ๐ถ๐ป๐๐ฒ๐ฟ๐ฒ๐๐ ๐ฟ๐ฎ๐๐ฒ๐, ๐๐ฒ๐๐ ๐๐ต๐ฒ ๐บ๐ฎ๐๐ต ๐๐ผ๐๐ฟ๐๐ฒ๐น๐ณ, ๐ฎ๐ป๐ฑ ๐ฎ๐๐ผ๐ถ๐ฑ ๐ฏ๐ฎ๐น๐น๐ผ๐ผ๐ป ๐ฝ๐ฎ๐๐บ๐ฒ๐ป๐๐!
Contact us if you need more guidence on this topic: https://insureme.co.za/?product=budget-debt-wealth&sub=correct-your-budget
