Drive a New car from R799 a month

[TelkomUseless]

residual = balloon.

Small diff: (but I learned something new
http://www.bizcommunity.com/Article/196/140/26718.html

“For example, many deals utilise what's known as a ‘Balloon Payment' agreement. Some people also refer to this as ‘Residual Value' (RV) agreement but in fact, they are not the same,” he says.

 

[charmainewicks]

Hi there please can some one Email me a phone number or web adress , I would like to get one of these cars my Email is charmainewicks@yahoo.com cel no 0730066990

 

[GreyBush]

Hi there please can some one Email me a phone number or web adress , I would like to get one of these cars my Email is charmainewicks@yahoo.com cel no 0730066990

Internet noob... you're going to get stalked so bad.

 

[PsyWulf]

I guess google leads here now

 

[Flojo]

Car with sign 'New car from R699, sms ....'.

Hiya

You knows those cars with the sign 'New car from R699, sms ....'.

I would like to ask. Whats the catch (other than to drive a car with a permanent ad)?
Or how does the deal work.

Thanks to those that can reply / help.

 

[Nookie]

I have no idea. SMS them and find out.

 

[Sinbad]

You have to drive a certain number of km per month. If you meet their target, they give you a refund/rebate on your repayment (which is a lot higher than R699).
If you don't... no rebate that month.

 

[Alton Turner Blackwood]

You have to drive a minimum number of k's per month (something ridiculous like 2000) to advertise their deal for them. I might be wrong, but we discussed it last time on here...

 

[marine1]

People are bloody retarded, nothing is for "free" If something sounds too good to be true, it usually is

 

[Other Pineapple Smurf]

Your cashback is based on distance travelled for the month, so if you do only 500km then your not going to get your full cashback - they also cap it at a certain amount which is usually 2200km pm.

They have a very strict admin process and rely on people screwing up to not make payments to them.

Things like charging R500 if you forget your FTP password to upload your photos of your car - you need to take photos of the speedometer and the outside of the car each month on a specific date.

If the signage is damaged or faded, you have to pay for it else no cash back.

At anytime they can withdraw this system - ouch.

They can advertised anything on your car - that could be really embarrassing if its a political party or female hygiene products

Some of the cars come without warranty and are demos.

And yes, I looked into the system and decided to walk away.

 

[TheRedBar0n]

People are bloody retarded, nothing is for "free" If something sounds too good to be true, it usually is

Yeah, I can remember there was a cover on this on Carte Blanche a while ago, some people that never got the rebate/refund amount.

 

[Cool E]

Hiya

You knows those cars with the sign 'New car from R699, sms ....'.

I would like to ask. Whats the catch (other than to drive a car with a permanent ad)?
Or how does the deal work.

Thanks to those that can reply / help.

Dude just search on this website, this topic have being discussed many times.

 

[NeonNinja]

Why would one need rebate cry about? Isn't R699/month decent enough for a new-ish car?

And can you like take off the stickers, and put them on when you taking the photos?

 

[Sinbad]

Why would one need rebate cry about? Isn't R699/month decent enough for a new-ish car?

And can you like take off the stickers, and put them on when you taking the photos?

No, your repayment is a lot higher - like normal car repayments. The rebate takes it down to R699

 

[NeonNinja]

No, your repayment is a lot higher - like normal car repayments. The rebate takes it down to R699

Higher as in you can pay R2000 for one of those FIATs?

 

[Mr Big T]

I see they have a number that you have to sms. Are these numbers all the same? Isnt this a way of checking how visible you are?

 

[Sinbad]

Higher as in you can pay R2000 for one of those FIATs?

No idea what the finance costs would be.
What;s the car cost, 100k?
5 years, 12% = 2249.80 per month.

 

[HapticSimian]

Higher as in you can pay R2000 for one of those FIATs?

±R2,200 p/m per R100,000 loaned. So yes, you'll pay (more than) R2,000 for pretty much anything on a straight financed deal.

 

[Alton Turner Blackwood]

I see they have a number that you have to sms. Are these numbers all the same? Isnt this a way of checking how visible you are?

No, they're not. That's why removing the signage is NOT in your best interest

 

[The_Unbeliever]

Too much of a hassle. I'll just buy a car the usual way then.

Plus it's my car and I don't want any █████████████ signage on it...