DON'T buy a car before you watch this!| How to buy a car | South Africa

In this video we talk about financial tips to consider when you buy a car in South Africa 1. Cost of ownership being monthly repayments + insurance + cost of fuel 2. Having a good credit rating. The better you credit score the better the interest rate you are charged 3. Second hand car or brand new cars. Second hand cars are generally cheaper than brand new cars but new cars also have manufacture warranty 4. Deposit or residual (balloon) payment. Deposit being paying a lumpsum upfront and residual means paying a lumpsum at the end of the lease term I also discussed options of paying your residual when it becomes due 5. Save for unexpected costs. I also discussed saving for unexpected costs relating to your car like a new tyre or spare part Thank you for watching!