I purchased a vehicle in April 2015 with a residual. At the time I thought I would trade my vehicle in in 3/4 years time so the residual would be fine.
However, I would like to buy a house in the next few months. It will be wiser for me to pay off my car and put the extra money in my bond...
The financed portion of my parents car would be settled by end of April. They still have a R45000 residual that needs to be paid.
What would their options be to pay this amount, besides a once off payment? Would the bank refinance it? Generally speaking, what time-frame would be offered and...
Hello there,
For various reasons I have to buy a cheaper car than what I currently have, which is a 2012 Polo Vivo, but obviously going cheaper than R 2200 pm will not get you something newer than 2010, MAYBE. So my question is, if I HAVE to drop by at least R 800pm, would it be worthwhile...