Finance advice

[semisane1987]

Afternoon

I would like to ask if someone earn around R12000 after deduction and that person has a personal loan of R3500. Can that person qualify for a brand or demo car he want to pay R4000 including insurance.

He is looking at Honda Brio (facelift), Honda Jazz or Kia Rio (New one).

 

[HavocXphere]

I'd venture that your friend is a little bit crazy.

 

[The_Ogre]

I'd venture that your friend is a little bit crazy.

It's not his friend...

 

[Thor]

It's not his friend...

^^

 

[FiestaST]

Lol at "friend".

 

[WaxLyrical]

5 year old Chev Spark, Tata or Cherry QQ.

 

[semisane1987]

5 year old Chev Spark, Tata or Cherry QQ.

Looking at cars.co.za I think Tata Bolt

 

[HavocXphere]

It's not his friend...

^^

*facepalm*

Of course not his friend....but seemed more polite to insult his friend than OP

 

[Eti1]

Looking at cars.co.za I think Tata Bolt

What's wrong with his current car?

 

[The_Ogre]

What's wrong with his current car?

He's been wanting a Honda for months now

 

[semisane1987]

He does not have a car.

 

[FiestaST]

Tata Bolt for value.

 

[semisane1987]

Tata Bolt or Toyota Aygo cheapest new/demo cars under R150K.

 

[chopsky]

R12k a month, and you want a brand new or demo vehicle? No.


[video=youtube;kZh1lUZLqb8]https://www.youtube.com/watch?v=kZh1lUZLqb8[/video]

 

[WaxLyrical]

Tata Bolt or Toyota Aygo cheapest new/demo cars under R150K.

With that salary he should look at max R80k.

If ⅓ your earnings are going toward the bank for something that theyll be owning for the next 6 years there's something wrong.

 

[semisane1987]

With that salary he should look at max R80k.

If ⅓ your earnings are going toward the bank for something that theyll be owning for the next 6 years there's something wrong.

Cars are expensive yoh I used the Westbank app, for R150K car he will roughly pay R3300- R3500 which is not good. Because he already have a personal loan he is paying it R3500.

 

[supersunbird]

Your friend needs to look at 2013-2014 cars for R100 000.

 

[*Medusa*]

tell your friend to pay off his personal loan first, then he can consider buying a car. Can he afford car insurance as well?

 

[WaxLyrical]

Cars are expensive yoh I used the Westbank app, for R150K car he will roughly pay R3300- R3500 which is not good. Because he already have a personal loan he is paying it R3500.

Tell him to also look at a Ford Figo ambiente or a Renault Sandero.

 

[buyeye]

tell your friend to pay off his personal loan first, then he can consider buying a car. Can he afford car insurance as well?

Probably the best advice. Just add the R4000 to loan payments.