Vehicle Depreciation: How Much Does Your Car Lose in Value?
One of the biggest costs of car ownership in South Africa isn’t fuel or insurance — it’s depreciation. Understanding how quickly your vehicle loses value helps you make smarter purchasing decisions. What Is Vehicle Depreciation? Depreciation is the decline in your vehicle’s market value over time. New cars typically lose 15-20% of their value in […]
Vehicle Finance: How Much Car Can You Afford?
Before buying a car in South Africa, it is crucial to understand how much you can truly afford. Many South Africans overspend on vehicles, leaving themselves financially strained. The 20% Rule Financial advisors recommend that your total vehicle expenses (including insurance, fuel, and maintenance) should not exceed 20% of your gross monthly income. Hidden Costs […]