Before signing a vehicle finance agreement, first understand the full terms and implications.
Getting approved for vehicle finance can feel like the difficult part is over. In reality, approval is only the start of a financial commitment that could shape your budget for the next five or six years, and sometimes longer.
A vehicle finance agreement (VAF) confirms that you meet the lender’s criteria, but it does not necessarily mean the deal is the right fit financially.
With rising living costs continuing to affect South African households, understanding the full terms of a finance agreement has become increasingly important.
Monthly instalments often dominate the discussion during the buying process, but the total repayment amount over the full term of the agreement can paint a different picture.
