More than a third of South Africans opt for a balloon payment at the end of their car-finance term. Here’s why you should avoid it ...
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How to pop balloon payments
More South Africans are turning to balloon payments to drive off in new cars with lower monthly instalments. But the deal comes with a catch. “Lowering your monthly repayments can help you to stretch ...
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Balloon payment uptake surges as affordability pressures mount for South African car buyers
In a revealing look into South Africa's auto financing landscape, WesBank has reported a notable increase in the adoption of balloon payments among vehicle finance agreements. As the financial strain ...
Recent data released by WesBank indicates a notable shift in the landscape of vehicle financing, as more South African consumers turn to balloon payments amid growing affordability pressures. The ...
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