CAPE TOWN – Over-indebted consumers struggling to make monthly payments on their vehicles caused by the high cost of living and exacerbated by constant fuel increases should not bury their heads in the sand but rather opt to sell before their cars are repossessed as they will still owe the bank while being left with no wheels.
This is according to Renaldo de Jager, the co-founder of new online auto auction platform, Auction.co.za.
De Jager and co-founder William Miller started the platform when they realised there was a gap in the market for a fairer process that could potentially help those struggling to make monthly payments on their cars.
De Jager…
Read the full article at: https://www.iol.co.za/personal-finance/financial-planning/sell-your-car-before-debt-forces-repossession-17588986