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What is the best way to finance a car?

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Wesbank lays out the most popular options available to SA car shoppers

Guaranteed future value has become an increasingly popular form of vehicle finance. Picture: SUPPLIED

Often, as a result of elevated excitement, consumers don’t ask enough informed questions during the purchasing process. Here, WesBank provides an outline of the options to help consumers select a plan that suits their affordability:This has become an increasingly popular form of vehicle finance and appeals to the customers interested in"usership" of the vehicle versus full ownership.

At the end of the predetermined contract term, the customer can either settle the outstanding amount and own the vehicle, return the vehicle to the dealership and walk away, or enter into another GFV deal and drive away in a new vehicle — provided the driver didn’t exceed the prearranged mileage and the vehicle is in an acceptable condition according to the agreed terms.This is the most straightforward of all available vehicle finance options.

 

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