A friend of mine sent me a video of this guy talking about property and interest rates. Guy says if you pay R5k into your bond, you can do 2 x fortnight payments of R2500 each to kill off the interest quicker, or you can pay equal amounts each day (R166) and finish your repayments in 8 years or...
Hey guys,
I just wondered. I've got a 5 year lease on my car, about halfway now and have some extra cash to put towards the car at the end of the month.
Should I....
Put it directly towards the financing, ie: Pay financing more than I have to
- OR -
Put the money in an account and...