@Mxolisi Finance
Region: ZA
Thursday 01 October 2026 04:27:35 GMT
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Blueboy10 :
but where did balloon payments come from. why did they not just stick to deposit and repayments
2026-10-02 07:38:13
1
Mondrosh :
how do you know when do they put ballon what is it you have to look at to check the ballon
2026-10-02 06:20:33
0
Makidolyza :
the balloon helped because they could not afford the instalment at the time of buying
2026-10-02 12:14:12
1
Potego @ peace :
what if i sell the car after 72 month for at least R150k then take R 102 000 settle balloon and keep the rest
2026-10-01 20:56:05
0
@TJ MTHI.... :
After settling the vehicle for that 9yrs term you find out you have paid roughly 600 to 700k and the value of the vehicle is below 100k,sad reality.
2026-10-01 12:22:10
12
mufasaTS :
but if your financially literate you would know that at the end of the finance term the value of the asset would not be at zero chances are it would be slightly higher or lower depending on the brand and the quality of the car. further to that you can trade it in for another new car. Who wants to drive a old car any ways in tye name of "it's paid off" ? financial literacy is important.
2026-10-01 12:22:32
3
Fiekie :
Who even keeps a car for 9 years🙄 I trade in before the balloon is due. Even a year before....
2026-10-01 11:22:05
7
Lovers :
I took it bro well aware. Ke tla bona ko pele, I needed a car trust me
2026-10-01 10:17:48
5
NANO ENTERPRISE AND FARMING :
But R102000/12=R8500. Normally the banks do allow you to pay the Baloon separately during this 7 years period. Which if is R8500 over 12 Months we can still divide it by 12 and we will R 708,40 pm. So it's still manageable. I just when we give financial advises we only look on one side. However method is repayment are many.
2026-10-01 16:39:05
3
somethingthematterpunk :
Kunzima, Mina I'm just glad that every car I bought, I bought cash
2026-10-01 15:22:42
2
Xolani :
What happen when my credit score is low by the time I finish paying for 72 months installments
2026-10-01 06:21:13
1
duncaecbjrr :
Just remember that you will be paying interest on the balloon / residual value. Best advice is.. don't buy what you can't afford... especially depreciating assets...
2026-10-01 10:09:10
9
DIPA :
so if they minus R102.000,why is the years of paying car still remains at 6 years?🤔
2026-10-01 11:00:36
2
Zeline :
I always asked for the balloon payment to be included in my monthly premiums, yes monthly payment a little extra, but the you are done at then end of 6 yrs.
2026-10-01 09:33:48
4
Agmet James🙅♂️ :
You forget to mention that it save you the pain of monthly higher installments. I cant go in and buy smaller for the plans I have, so I opted bigger. and use RV to ease on installments and to manage with daily cost of life
2026-10-01 09:01:51
1
Mzomuhle_Da_Leo :
Kodwa iyehla imali
2026-10-01 09:14:29
0
Martin Wilson :
tell them brother , wake up
2026-10-02 10:18:08
0
Rabora @100 :
eish
2026-10-02 09:34:43
0
K2 :
By the year the car will be fucked up banks and we paying the price for being ignorant
2026-10-01 18:56:37
0
Solly David :
Why does it have to be 36months?
2026-10-02 19:40:40
0
wakawelanidion :
Thanks for the advice but we are aware and it makes us happy to buy with balloon
2026-10-02 04:11:23
0
Cyprian 50 :
We have multiple banks in SA, just renegotiate with a new financer and Bob is your uncle. 🤝
2026-10-02 18:50:21
0
Bonginkosi :
We want to buy cars we can't afford
2026-10-02 02:08:26
0
adenaan🇿🇦 :
an the value drops so quick of a car
2026-10-02 14:42:18
0
oratileneo0205 :
The bad decision i made 8years ago😪
2026-10-01 11:48:27
0
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