Car Buying Mistakes You Should Avoid! (Balloon, Credit profile, Budget etc)

Car buying comes with a lot of paperwork and unfamiliar terminology. If you are not careful or perhaps don't know exactly what you are doing, you might end signing your life away with a raw deal.
Mistakes to avoid
1. Not building a good credit profile before applying for a car loan.
2. Cheapest cars are not always the best cars to buy.
3. Avoid balloon/residual payment if you don't have a plan to cater for it.
4. Don't be too flexible, know your budget.

[@valanceo2166]

A family member of mine passed away in an accident driving a Kwid. Car crumpled up like a coca-cola can. So I agree with you not to buy a cheap car. Rather choose public transport or a good pre-owned car.

[@denali6935]

If you want a strong small car the polo is a better choice my old 9n3 got rear ended and didn’t need anything more than a bumper cover lol hatch door was still intact unlike other cheap cars here cough cough* Nissan note*

[@abubakarimahyoro]

Anyone can die in any car in an accident as long as you are driving rashly and in unrecommended speeds... So drive carefully even if you are inside a Polo or Mercedes S class so as to be safe!

[@LifeGuru16]

@@abubakarimahyoro true but some cars are just more riskier

[@gregory3768]

True. Also be careful of Scammers like EarnaCar kzbin.info/www/bejne/o4vcnXeZZt2cfpY

[@user-ww5qw8jd3b]

Cheap or poor quality??

[@sizakelehlanze4730]

I love the genuineness of this and I really hope he doesn't get approached by car brands to start lying to us in exchange for money.

[@vincentmotonya2859]

It's only a matter of time

[@gregory3768]

Awesome. Careful of Scammers like EarnaCar kzbin.info/www/bejne/o4vcnXeZZt2cfpY

[@kiritlemaila2350]

We know his first videos we will know 😂 he's bought now lol but i trust HIM I dont think he'd even take such offer

[@mziwamadodambedu754]

He already has a deal with Naked Insurance 😅

[@zinesobanesigonya9196]

This is financial literacy on another level😂👌🏾 thank you for your brutal honesty

[@nkuluzankululeko3729]

😂😂😂

[@itzthabiso_m]

4:03 he had me when he said the kwid is beyond repair even if it got hit by a Shoprite trolley😭😭😭😂😂😂😂

[@nidnarg21]

We're in the process of buying a car. Not our first car but the first new car from a dealership, we were completely clueless about our ability to negotiate. We really appreciate your tips on how to maximize our position. Thank you 🙌🏼

[@leeroyndlovu7983]

For those considering a balloon - please note that the ballon is also subject to interest. So that 30k would be 30k + interest

[@kgothatsoramokgopa2971]

Gosh an F&I at a dealership told me there's no interest

[@hlangothindlela7517]

@@kgothatsoramokgopa2971 Interest is added when you finance the balloon amount at the end of your initial loan.

[@kgothatsoramokgopa2971]

@@hlangothindlela7517 so if I don't finance it, then there's no interest added?

[@hlangothindlela7517]

@@kgothatsoramokgopa2971 yes.

[@siyabongamngomezulu9743]

😮😮😮

[@joshuawilliams6889]

I love the humor he uses in his videos and he keeps it simple enough for you to understand. Thanks.

[@gregory3768]

Awesome kzbin.info/www/bejne/o4vcnXeZZt2cfpY

[@Mzanz]

Thanx so much for sharing your knowledge with us. As a first time buyer, I found your videos very handy. Bought a brand new car on finance - negotiated R20 000 discount on full price, asked for zero charge on admin, negotiated for my interest rate to be lowered by 1%. Thanx so much!!! Greatly appreciate all your content. Edit: you are right, dealership tried to confuse me with balloon and installment adjustments. But I stuck to discussing onlu the car full price until we reached a good deal.

[@_therealmadam.phasha]

did you get a discount tho ?

[@calmingsouds5502]

@@_therealmadam.phasha I got everything that I negotiated for. But it took time. 3 days to be exact.

[@wespeakthetruthhere7413]

The only reason why I would take a car with a residual is because, I want to buy a car that I won’t mind driving for the next 10 years (if it gets to that). A car that would still be appropriate whether I get a family within that space or remain single. I don’t want a car that’s gonna start looking ugly as new models come through. A lot can happen within 6 years as far as a person’s financial position is concerned. I mean you can get a promotion, change jobs for the better etc. My advise is, if you took that balloon start saving for it immediately. A measly R500 per month in an interest earning account fixed for 6 years can amount to a lot at the end of that period. Save according to your end goal though. So, you are definitely right when you say, you must be somebody who really knows what they are doing, be educated in everything you do. I mean it’s easy to find yourself in another financial predicament at the end of the car loan period, if you didn’t know what you were doing. Next thing you are taking another loan to pay a loan, and before you know it you’ve paid double of triple the original purchase price of the vehicle.

[@CLOUDII_SA]

I just found your channel today and I'm honestly loving your content for real.

[@tshilidzimagada4494]

Thank you man didn’t understand balloon payment until now the way you explained it was perfect. 🔥🙌🏿 Now I know better

[@_therealmadam.phasha]

i also didnt, people make it sound so difficult

[@carolinerambau8789]

Discovering your channel was the best thing that happened to me today 🤣🤣❤️ love it.

[@sphiwe.maphosa]

one of your best videos bro, the info here is priceless 🙏🏾

[@buhlemseleku9400]

I love your content! It’s honest, straight forward and very educational. Thank you 😊

[@lesedimmotong7147]

You forget to say funny

[@oskidocolor3065]

THANK YOU for imparting this knowledge, coz yey!! the pitfalls are endless. Especially the credit score thing. Very insightful. Job Well Done, Muzi. 👌🏾

[@MuziSambo]

Glad it was helpful!

[@percymoila4266]

Man I love your content, I wish I’d know about this 6 years ago, now I’m in debts I don’t even have a clue how to get out. Now I watch your videos with regrets but also learning a lot out of them. How I wish

[@y2a654]

You tell the truth only Mr Sambo! thanks you for keeping us aware.

[@ziyandashange5699]

This was so informative!!! Didn't fully understand the balloon payment until now! Thank you!

[@balungilezulu9752]

Me too

[@mochox]

Excellent advice Bru! Basic common sense...which is not so common. Ur "renault kwid and shoprite trolley" comment had me in stitches! May u grow in leaps and bounds

[@DawudTVza]

I absolutely love this content 🔥🔥

[@don_the_reaper8863]

I swear your videos will help me in the future cos I had no knowledge some important things when buying a car.. big ups bro

[@sigondemedia6193]

Lol the kwid can become beyond repair, even though it collides with a Shoprite Trolley. Keep on giving us great insight about hidden issues in buying cars bro

[@albydedi9148]

Bro, this is the best advice ever. Keep it up🔥

[@balungilezulu9752]

I'm glad I found this Chanel before purchasing my first car.

[@siyabonga9662]

Another great video 🔥. Informative for us who've just graduated and started work.

[@amenmoipushi8821]

Hear hear!

[@siphoalfredngwenya4629]

Siyabonga Bafo for this useful financial knowledge in the most palatable manner possible. It's easy to digest and very much applicable. 🙏🏽

[@epicmadness4836]

I like your content this information they dont teach in schools thanks man keep doing what you doing

[@buhlemoyo197]

Wow! Very informative! I wish I knew all this before I bought my car.

[@siyabongakhoza1325]

😃 it's easy to take the credit profile thing for granted. Thanks for the video boy

[@david_ramoraswi1711]

Loool, had to subscribe cox the content is amazing.glad I bumped into this video as am about to buy my first car

[@lutendondou6928]

I learn something new on each video my guy, thanks

[@gift9833]

Another great video🔥🔥🔥very important information

[@ibizee7060990]

Love the snide little remarks like the KWID vs Trolley

[@joasmasekela6742]

The disrespect on Kwid is on another level...😂😂🤣🤣🔥🔥

[@jaymhlurbaloyi7813]

Love this man😭🙏🏽🔥🔥

[@molokoconfidence7053]

Some of us are learning from you my guy. keep it up.✌✌✌✌

[@maxlodewyk_na]

You’re answering important questions.

[@hlonni_chelsea6711]

Wow. Thanks brother. The last point 💥💥💥.

[@murendeniralulimi33]

My brother the info you gave us is so much Important thanks

[@MuziSambo]

My pleasure

[@zinhlemlangeni01]

Don’t take credit if you are not ready, don’t take unnecessary credit to build credit score. You’ll regret it because it’s a very serious commitment and when you miss payments, it ruins your credit score. I don’t want to lie

[@clementborien6167]

Very insightful with awesome visuals. Thanks for sharing 👌👌

[@Sta_Credit]

I learnt alot. Thanks. I really enjoy your content

[@aphiwehlophe8928]

Wow such an informative and interesting video and such an eye opener tooo I'm in Awe!

[@maandaramulifho1562]

Very insightful bro, I didn't even know what Balloon payment entails ffs 😭👍🏿

[@ellahnokane4536]

The last tip right there 👌🏽

[@thatotsotetsi6921]

You've scores yourself a new fan👏🏾👏🏾👏🏾👌🏿👌🏿

[@khanyomelitafa2447]

love your advice. again I appreciate this channel so much. please explain the difference between a warranty, service and maintenance plan.. 🙏 also please review the Nissan Qashqai, Mazda cx3, cx30 and Toyota Rav4 when you have time. cost of ownership included. 🙏

[@matometauyatswala2211]

Loving the content 👍

[@mrg9183]

🤣 i like the dealer's voice!!! ...thank you for the sound advice.

[@Ayo_its_Austin]

Awe🤙🏾. Also, with the prices of the car, including their safety ratings from the "Euro NCAP" and "AA RSA" would be great. I think people would appreciate that.

[@khayelihlesizwe8024]

First time seeing your video Sir but I learned something , thank you

[@Stecodj]

Great video . Really good humor too

[@emmanuelmushaniki3468]

This is beautiful brother. Very informative. Would appreciate advice on buying pre-owned cars as well.

[@MuziSambo]

I will work on that👍🏽

[@danielzhou8155]

@@MuziSambo please do bro..

[@sifisoeric]

Lol not me seeing this today, almost got dribbled by a dealer. Made everything over the phone, car is R190000 but when the contract from the bank arrived the car was R230000 plus a Ballon, which means I'll be paying more than R300000 in 72 months for a 190k car. I told them to go back to the original price. They tried to explain what happened, but I stood by my word until a new contract was done with no 25% balloon

[@_therealmadam.phasha]

what happened?

[@formula1fans467]

Love your content bro

[@meditationsweetsounds1667]

My guy! Big up... This is a good vid

[@lesediradise9739]

very informative my brother.. Thank you

[@rebotile502]

Love the work blood

[@tshepotshabalala3528]

I love this 850i I've driven one in the exact same spec wasn't mine but still mad fun

[@ProSpartan777]

Very informative, thanks!

[@mzamosokhela8467]

U nailed it broe!

[@bpt13242]

VERY VERY INFORMATIVE.dankie hangwe,dankie habedi,dankie hararo👌👍

[@lindankosi5836]

Done to be finished😂!!! You did a good job explaining these vultures!!🎉

[@maitecodlinnekgomokaboya5469]

You gained a new follower. No cars as yet but I love the content.

[@luyandalucs8254]

Wow bro thank you so much for this information

[@reagang8038]

When I purchased my car, I took a balloon payment. My salary increased the next year and I started making payments to my balloon payment monthly. My balloon payment should be done b4 my car loan period. At the time I didn't know much about it. Lessons learned

[@refentsematthewsmalatjie6961]

Interesting perspective

[@sirbastiangezwind3599]

This sounds smart!

[@kabelomotaung4785]

Hectic, good looking out grootman

[@ocwayvz3269]

Good videos. Keep it up 👍🏼

[@SouthAfricanshots]

Well explained , thank you

[@testing1-2-13]

This is great, definitely subscribing 🤣

[@senzongcobo3531]

What an informative video, thank you Mr Sambo

[@MuziSambo]

😉

[@JBCORNDE]

thanks for the video very helpful

[@andilemachi1322]

Very informative 👌🏾👌🏾

[@peterthapelomatlhasi644]

Your reviews kills me🤣🤣🤣🤣🤣🤣🤣🤣🔥🔥🔥🔥🔥🔥🔥🔥keep it up bro

[@kabelomutubi9197]

Great Informative video.

[@sir_will_iam]

My best friend's first car was a qwid. She knows from experience that his jokes are actually facts.😂

[@Sira_MasterOfNone]

Informative video🔥🔥 but the Kwid and trolley 🛒 joke though 🤣🤣🤣🤣🤣

[@mdumiseninene1660]

I felt that 😂😂😂

[@delanocoerecius3827]

Informative content as usual. Do a video on buying a car far from where you stay

[@ThaboMashiloane]

Totally agree abiut what you said about Kwid vs Used car. To the Kwid add that ugly Suzuki Espresso. Goodness me!! 😱😱 On the credit record, totally spot on. I wouldnt take Balloon of more than 15% (if I really, really have to) and will only do it on brands with known resalve value where you can compare with current cars of that age and mileage. Good resale value can help you settle your balance. So for me I would say people who want to take balloon should only take upto max 50% of the estimated value of the car after 5 or 6 years. For example, the previous 3 series of 2016 goes for around R330k woth around 100 000km. So thats info you can use if you buying the cirrent gen 3 series. So dont go above lets say R100k on balloon to be safe. Thats how I see it.

[@rendi__rm]

Very informative! Brilliant reenactment at 6:30 😂🤣🤣🤣

[@MuziSambo]

😁

[@cozy4446]

I like how you showed the Toyota GR when you said “some cars are just overhyped”😂

[@MzakesmanG]

kwaaaks uyang'qeda wena Muzi! hahahaha as I watch the stunning visuals

[@lubisiwhiterainayanda7999]

Big up bro mfo ka Sambo uy one la kule level le mfo , nice clean content and a touch of brutal honesty 🙏💯😎🫶🫶🤟

[@masedi61]

"Upstairs Bathi balloon in it! Then you are done to be finished"😂😂😂🔥🔥🔥🔥🔥

[@johannesn18]

Damn, nailed it 💯%

[@tokolohoreginald8775]

You're so good at this bro 🤣😂🤣🤣🤣🤣🤣🤣🤣🔥🔥🔥🔥

[@TheCarFan_SA]

Well Said Buti. Siyabonga 👏

[@siyambukavazi4489]

Informative Video bro✊ Kindly do Bank car finance and dealership car finance

[@mukhethwamauba6530]

Informative, thanks...Kwid crash with Shoprite trolley 🤣🤣🤣

[@alu_nessa]

Great video

[@philadyum3574]

I love the jokes 😂🔥the video has great energy

[@asavelanotshweleka4737]

Very informative 👏 👌

[@feniayanda4756]

🥺👊 I love it bro

[@initwiththina]

Thank you for sharing. This is so informative and well-explained.

[@nombinintlahla8325]

Goodness me, "The 8" is super beautiful both interior and exterior ... I hope my inspiration will land somewhere some day🤧

[@dave-lubbevanzyl7816]

My man, you are so funny. "If you can't do that, you are screwed. Deeply penetrated." xD Kwid colliding with a shoprite trolley beyond repair!! Funny stuff. Keep it up.

[@avuazahc1966]

Very informative vid

[@welcomemabasa8275]

❤❤❤ I love your content

[@daphneymashao]

Very insightful! I think fixed interest rate is also a very important thing to consider..

[@mjeyngubane]

I have more information on how am I going to buy a car 🚗 now because of this guy