News24
Region: ZA
Sunday 28 June 2026 16:52:53 GMT
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MG🇿🇦 :
So what if the personal loan % is less than VAF%?
2026-07-12 00:17:27
0
Sum Guy :
so, is this advice from tik tok? should we take this one seriously?
2026-07-12 20:26:19
1
uMhlaba kaYeka Sibiya :
I can't take this advice, since its on TikTok
2026-07-12 07:45:56
1
that-Nhlanhla :
Banks never repossess vehicles bought on personal loan as mostly the money ddnt go to the dealership selling the car but to the customers account
2026-06-28 17:42:05
30
Karabo_theone :
That’s what I did ..so far so good ..I took a R60k loan for a second hand Yaris …monthly’s are less than R3k for 3 years
2026-06-29 07:00:06
24
TD Maya :
register the car to my mom's name
2026-06-28 17:19:43
13
Raps :
Ironic that I'm watching this on tiktok😂
2026-06-29 09:53:15
26
Stuart :
She is also giving advice that feels incomplete, as it does not fully consider why someone might choose a personal loan instead of vehicle finance. In many cases, banks are reluctant to finance vehicles that are older than about 10 years. This can push buyers toward newer cars that are significantly more expensive, even when they may not be necessary for the buyer’s situation. However, some people may prefer a more affordable and reliable option, such as a well-maintained Toyota that is over 10 years old, rather than taking on the higher cost of a new vehicle. In simple terms, using a personal loan to buy a car can make sense if it is more affordable and better suited to your needs, compared to committing to a more expensive new car through vehicle finance.
2026-06-29 18:08:01
4
Mornayk :
Dnt oay that loan, they cnt reposes the car😂😂😂
2026-06-28 19:35:41
3
Gustavo :
If you're willing to have a bad credit score for three years, you can choose to stop paying the debt. If you do, make sure you do not make any payments or enter into any payment arrangements during those three years, even if the creditor contacts you. For example, if you have already gone a year without paying and then agree to a payment arrangement, the time you've already accumulated may no longer count, and the three year period may start again. That's why some people end up with debts that are still active many years later they make a payment arrangement, fail to keep it, and the debt becomes active again. If you decide to borrow R200,000 and later stop paying after a few months, be prepared to have a poor credit score for three years. Once the full three years have passed without making any payments, acknowledging the debt, or receiving a court judgment or summons, you can contact TransUnion and explain that the debt is more than three years old, that you made no payments or payment arrangements during that period, and that no judgment was granted against you. You can then request that the debt be removed from your credit report as a prescribed debt. Be confident when explaining your request, as TransUnion may ask questions to verify the information. Also remember that the three year period starts from the date you last made a payment.
2026-07-12 09:53:50
0
April :
other advicenis that deposit on car loan dont make a difference...how true is that?
2026-06-28 21:11:47
1
Erick Emvula :
Should’ve told me this 4 years ago 💔
2026-06-29 19:19:14
1
Mmaphuthi 💜🇿🇦💜 :
I’ve heard this a lot and always wondered about the personal loan interest rates, then I saw they were way higher than vehicle finance and mortgage
2026-06-29 13:32:54
1
Titus :
If the car is not one my name
2026-06-30 16:45:38
0
unknown :
I like the last part of the video
2026-06-28 21:09:07
1
Gustavo :
If you're willing to have a bad credit score for three years, you can choose to stop paying the debt. If you do, make sure you do not make any payments or enter into any payment arrangements during those three years, even if the creditor contacts you. For example, if you have already gone a year without paying and then agree to a payment arrangement, the time you've already accumulated may no longer count, and the three-year period may start again. That's why some people end up with debts that are still active many years later—they make a payment arrangement, fail to keep it, and the debt becomes active again. If you decide to borrow R200,000 and later stop paying after a few months, be prepared to have a poor credit score for three years. Once the full three years have passed without making any payments, acknowledging the debt, or receiving a court judgment or summons, you can contact TransUnion and explain that the debt is more than three years old, that you made no payments or payment arrangements during that period, and that no judgment was granted against you. You can then request that the debt be removed from your credit report as a prescribed debt. Be confident when explaining your request, as TransUnion may ask questions to verify the information. Also remember that the three year period starts from the date you last made a payment.
2026-07-12 09:51:41
0
Anon :
Il do it..
2026-07-07 10:39:15
0
Pieter Baartman :
Ironic that that you also give advice through Tiktok
2026-06-29 14:24:38
1
mvulanethanjekway :
What’s the difference between a secure and unsecure loan mem ?
2026-06-29 15:08:28
1
Cbonelo01 :
so what if its not in my name?
2026-06-28 19:29:34
1
Veundamuje Oom Tor T :
But your saying this on Tiktok
2026-06-29 11:24:52
5
keep scrolling buddy. :
use credit card🤣
2026-06-28 18:25:37
2
Pfanoh :
So we trust nobody else but News24, which is owned by Rupert who owns RMB/FNB(Wesbank) and AutoTrader? Got it ✅
2026-07-04 16:05:02
0
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