Dear African Child : Stay in your financial lane save and start off with a smart second hand from a certified Auctioneers with Paperwork and service plan history . . . Congratulations & great retro insignia - (Another daily vlog-experience is lifes Greatest teacher) Stay blessed...💐

@mrtmmm9940

2 жыл бұрын

3 3

@charles.m.molema4758

2 жыл бұрын

@@mrtmmm9940 Its 4am and I hope your well in la la land . . .

I always refer to Deposit as "Down payment "....but this Ballon Payment things sounds like a proper systematic scam.

🤣🤣👏🏾👏🏾it's "Lesetja Kganyago and the boys" for me

Listen. You are teaching us life skills! Thank you for this.

Your channel has been my financial library. I'm learning a lot from you. Thank you so much.

Thanks so so much Nicolette, this is os eye opening

You have helped me in understanding balloon payment. Thank you ❤️

I enjoyed this,thank you for sharing Bunny

Thank you sooo much, I needed this knowledge🖤

This really helped! Thank you so much sisi.

Thank you Nicolette

Informative🙏

Thank you so much🤩

Still my fav 😍.

Thank you

Nicolette, you may have different reasons why you do your teachings but have you ever sat down and asked yourself, how many ppl have I potentially emancipated with my teachings....? honestly you’re doing way more then you think you’re doing and I don’t know if I could ever thank you enough sisi 🙏

@FinancialBunny

2 жыл бұрын

Thank you so much

So when you opt to ballon payment is the interest added to the total amount of loan or when they have subtracted the ballon amount?

I just got a 2019 Acura with the paystub I got with Cyber Credible tbh

At this point, I’m convinced I need to sit behind a desk with you standing next to a chalk board explaining to me more about this ballon payment concept 😩

@MissTeeDOTMHG

2 жыл бұрын

Balloon payments are like deposits that are paid at the end of the loan agreement. That means if you select a balloon payment you won’t have to pay towards that every month through your loan instalment, however, unlike a deposit, you don't already have the money for this balloon payment just sitting in your savings account. Essentially the whole time you are paying off your car you will also have to be saving for this balloon payment, to make sure you can afford to pay for it in the end.... Hope that's easier enough for you to understand

Thank you for using the most consumer friendly explanations. Really informative piece.

If you wana pay your car you can request a settlement statement from your bank, other banks even have capability to generate it from your banking app. Generally the settlement quote will be less than the current balance. I did a trade in with my 1st car and took it back to the dealership where i bought it. They then settled my balance and i got a bit extra which i used as deposit. Just a clarity question is buying another car or trade in cheaper than extending your motor plan? Based on what you said at the beginning. Reason am asking is because i thought maybe extending a motor plan will be cheaper than starting a new sekoloto?

@FinancialBunny

2 жыл бұрын

basically the settlement = capital balance vs the contract balance. my motor plan covers wear and tear and its never adequate. So nah id rather get a new car

Please tell me the model of your mic

The deposit thing certainly did not work that way for me. The car was 645k and I paid a deposit of 80k. Next thing my opening balance is 810k then I see my 80k deposit being subtracted from that 😒

But would it be wise to put some money away for service the following year, if you can afford installment for the next 5 years, you definitely can afford the service cash

@walkwithorr

2 жыл бұрын

True, that's why it is better to get a car that has at least 5yr service plan, pay for the car for 5yrs. When you finish paying save a kitty for maintenance, then enjoy your car for longer while you also build up an investment net from the money you used to pay instalment with. Eish! nice theory🤦‍♀️

Can I buy a car using my home loan??? Dnt know how to properly explain it🤔

Hi Can you please make a video on how u can pay ur car faster…. Just calculated my instalments and saw that buy the time I finish paying the car the the interest will amount to 50% of the value of the car when I bought it😭. Should have put in deposit cause I had the money to

@catemasa760

2 жыл бұрын

And again is it safe to do so?

Hi Nichollete Which car finance institution has a low interest rate?

@phethegotseke7555

2 жыл бұрын

This depends on your credit score, it’s not a fixed rate… depends on your credit profile

They on Instagram fr

That's unfair though coz my car isn't increasing in value

Eiphi kiss?

If you don't want to pay car dealership fees when buying a car watch this video kzread.info/dash/bejne/iKyno9anXbvRdsY.html&ab_channel=60MINUTECAR

Ballon payment scam yoh

@jimmymaponyane419

2 жыл бұрын

100% scam

It's better buying a car cash

@kediboneramoloko3441

2 жыл бұрын

Who has 500k lying around 🤔

@jimmymaponyane419

2 жыл бұрын

@@kediboneramoloko3441 patience is the name of the game, you start with a used entry level car while you save for that 500k car you want.. Saving R7000 per month(which you clearly can afford) for 12 months will give you R84000 which can get you a used entry level car in good condition. And start saving for the 500k car you want.

@catemasa760

2 жыл бұрын

It is if u have money to

@jimmymaponyane419

2 жыл бұрын

@@catemasa760 if you can afford a monthly installment you can

@nomhleramakhula9391

2 жыл бұрын

@@jimmymaponyane419 Totally agree with you. Sometimes it's about patience, one would rather get the car today than 12months later

Thank you Nicolette

Hi Nichollete Which car finance institution has a low interest rate?

@catemasa760

2 жыл бұрын

With a car dear it differs from person to person…