I applied for a used VW Polo Gti | My Interest Rate | Cost Of Ownership | Price Review | Car Market

[@mrhowmuch]

Don’t forget to like and subscribe 🙂

[@DanielCwele]

Why isn't there anyone doing these kinds of reviews with houses and real estate in RSA?

[@smangazikalala5289]

Please do a detailed video about trading in a car All the processes involved also make a example if possible 🫣😊

[@njabulomagwaza5761]

I’ve subscribed because this video to me is just inspiring cause u just bought a car i also dream about and want to own💯. Congrats King💯💯🥳

[@letagosdg2958]

I mean gti because my keyboard it’s not make sure ✔️

[@andreribbonaar4215]

Please follow me too 😊

[@friggs6239]

Great vid, really enjoying your content! One thing I wanted to add that really annoys me when buying a car is the added "On the Road fees"! Such a scam... On your invoice there it was a total of R10500!!!! They want to charge you R5000 for 'Delivery'???? Are they going to deliver it from JHB to CT or something? That is the only reason that would justify that in my mind. And the R4500 'admin costs' and R1500 'registration', you can both yourself for less than a grand. I've cancelled deals before because those fees were so ridiculous and if they won't scrap them or lower them significantly then I also walk away, they are already making a profit on the car and getting kick backs from the bank for the finance so they don't need to milk it even more - like charging for smash and grab that is already on the car!

[@MrEltonArendse]

I like how you put things into perspective by explaining engine displacement vs Kw output vs Price. Having driven the polo GTi, I only have 1 issue (apart from issues mentioned by Muzi): it’s uncomfortable on a long trip.

[@sambowks]

That's interesting I've always secretly wanted a Polo GTI, I have Cross Polo and it's amazing long distance (put 215/45 17 Tyres on instead of 40's and its even better) That's a deal breaker unless I own another car for road trips.

[@sigawumohale1247]

Did you tweak your suspension? VW is the master of comfortability

[@MrEltonArendse]

So the GTi is a sports car and traditionally sports cars are not made for comfort. I hear what you are saying about the suspension but it will never be as comfortable as a normal Polo or Cross Polo. The suspension is quite tough and the seats are also a bit tougher than normal. I guess you have 2 options: Buy for Speed or Buy for comfort

[@thabiso2945]

@@sambowkshow does it look with the 45’s instead of the 40’s?

[@legrangedylandlg]

Maybe it's preference but I have driven 8 hours straight in mine with just stopping for fuel. I never once felt it was uncomfortable as an 80kg male... but definitely not as comfortable as the Golf 7 tsi I once had.

[@wideningcarrot6]

You're a good bloke mate. You're doing such a great service for young men in being responsible with their spending. I've subbed!

[@francismoletsane182]

Scary to think someone at the bank thinks you must bow down to that crazy interest rate, and have the audacity to say they are doing you a favor!!!! People are getting ripped off, and I'm glad you highlighted this. Thanks for the video, and valuable info!!!! 🤢🤢🤢🤢🤢🤢🤢🤢🤢

[@moffatk7948]

Very wise move Bongani, for not buying the over priced lemon. People buying demo or second hand, check what the dealership are loading to your purchase price. I recently bought a second hand vehicle earlier this year, guess what they also tried and loaded a smash and grab on a car that already had it and other added products, I refused to pay for extras except maybe warrantee. Do not be desperate despite how good the vehicle may look. Try to negotiate, the dealers are also desperate to sell the car.

[@sambowks]

Never buy a car without a discount, thats my advice. Smash and grab should be a free incentive not an extra charge. Walk away fast

[@MartinGrundling1208]

Mr HowMuch! You're a stand up Guy and I appreciate this video - I admire your views, thoughts and reasoning for saying no to this deal. 1 day is 1 day that you'll drive your hearts desire.

[@divanvanzyl7545]

Good on you for not falling for that dealership's tricks.

[@ozemsadventureofrandomstuf252]

To be honest bro you chose wisely!😂😮 I took a preowned Ford ST fiesta and I tell you it’s almost as powerful as this and I have manual which is best 😤 But the fiesta is way to go preowned of most of these models 😊

[@khomotsokowane5309]

It's fast

[@letlhgonolomokaila5519]

ST is quick as fck

[@onkgopotsekeobaka7680]

Great video. Car prices are ridiculous. R8899 finance, + R3000 fuel + R3500 high risk vehicle insurance = R15,399 P/M roughly... whew

[@AapVanDieKaap]

Rather buy what you can afford. Buying things on credit is how people become poor.

[@thejourneywithkayel]

Great opinion but not entirely true

[@AapVanDieKaap]

@@thejourneywithkayel What part is not true?

[@romanvanstaden4531]

I don't care that you did not buy the car. I did subscribe and like because you were transparent and honest. Which I need for me to gauge what is happening in the market, which I assume is the point of the channel.

[@samkelojmagudulela2576]

R200K in extras is absurd. I'm convinced Audi sells the car without an interior and steering wheel.

[@Bongz90]

LMAO they must have seen that we are morons, we are willing to pay for anything

[@sibulanga72]

Even more ironic when you realize that on the more expensive cars, most options come standard.

[@vMaxHeadroom]

Great video and total sense in not paying the absurd interest rate...

[@Zak_Man0308]

Excellent video... Very informative, educating our people on cars. Alot of people in financial troubles because of not paying attention to prices

[@Sisa_tt]

I love you so much ❤❤ the moment I saw 15.75% linked (worse), meanwhile having put down a whole R100k Dep, l was so pissed Sana.

[@MrVincenttwice]

By far the best video simply because you dropped serious knowledge after getting us hyped of course 😅😅😅…seriously though that was well executed and very informative 👏🏽👏🏽👏🏽…well done MrHowMuch well done…

[@Bless_Mabunda]

Appreciated content as always

[@Stannely1]

5:36 Yes! Even though I've driven a lot of them because I work for a small Rent-A-Car in California. I just want to see the difference between the US spec🇺🇸 & the SA spec🇿🇦 mustang

[@lufunoraphalalani]

I was hoping you’d buy a MK 7.5 GTi since its the second most popular VW video in your channel

[@sizwedinisesoko]

The one with 75000km’s, out of service plan?

[@lufunoraphalalani]

@@sizwedinisesoko obviously not the exact car. There’s a lot of 7.5 GTI up for sale

[@S10_summit67]

não tá ruim como no brasil , que pelos 600 mil rand (155 mil reais) leva o GTS 1.4 150cv , e quase 900 mil rand o jetta GLI (golf muito mais completo).

[@simphiwesimzeystanley825]

15,7% nah thats too much but thank you for the headsup Mr Howmuch watching from umlazi🎉

[@ipelengmanthaaa49]

I was offered 18%😢😢😢 yooh im not that desperate

[@Bjm365]

That's why I like your reviews bro, honest and no emotions involved in the decision making 😂. Don't worry you'll get a better lemon soon 🍋

[@buhlejita5033]

Good.. Knowing when to walk out of a deal is commendable

[@lebomakgala106]

Thank you for this video. Eyes wide open!!!

[@rorisangtsoeu2501]

Congratulations MrHowMuch!❤️🔥

[@rorisangtsoeu2501]

Lmao they were trying to scam you😭😂

[@clinton4484]

Nice vid as always, one day you'll have your boity for sure!

[@ndabenhlesuccessjali9634]

Bro you've made a great decision.....that car is beautiful though😍

[@cainanscarlet1400]

The realest video. Great content.

[@Vee_Smash]

There's no way you'd have bought a lemon, Muzi would've came for you 😂😂

[@stsithole1608]

Most definitely 😂

[@Itnyezilss-95]

Dr.Muzi would have trolled him and the dealership.😂

[@decentjmkhombo2976]

Not every polo gti is a lemon guys

[@blvnchomaniacs1058]

the first batch released early was the lemons.

[@bulaneyanga5830]

I blame him

[@KingsleyMphahlele]

Thanks for the knowledge my man alot of people fall for that trip thank u for the exposure man 😊 of how we are ripped off daily

[@bassaniobee]

We bought a policy sedan 2023 auto model. After adding all the extras, we came in at R 410 100. suspension is choppy, it is not comfortable on a long drive noisy I think it is completely overrated I'm happy you did not buy the polo GTI, for commuting Aah heavy on fuel. You are not missing out on anything I know it's fast, but hey…

[@billalmabuza8835]

@MrHowMuch do a ford Mustang review my man. 5.0 GT specifically :), Rent or Lease my bro; Not buying it the VW, "was the right thing to do". Maybe upgrade the Fiesta with a ST (Fiesta or Focus). Or go wild with an RS bro :)

[@mrhowmuch]

No worries bro , The Ford Mustang Special is on the way.

[@benedictthapelo8020]

I am actually happy u didn't buy it bro 🤜🤛🔥, there is something better waiting for u out there .

[@FootballinsightsZA]

I've been in the polo 8 Gti. It's so nice. It must have been tempting to just buy it and deal with the consequences later😂

[@KichnarDlamini]

Congratulations 🎊 👏

[@Bkay.14]

You clearly didn't watch the whole video

[@Tjommies]

Interesting Mr Howmuch. Recently, we brought a 2024 Triton DC . Was prepared to put down a 25% dep and one bank came back to us with approval, but a 30% residual 2nd bank came back with an aproval over the 48 months that we requested . Seems like banks want you to take vehicles over the longest possible payment periods even with residual so they can make more money on the interest charged

[@ThaboPhakoe]

Definitely need a mustang review

[@KAMOYA17]

05:39 Next time, perhaps get a quote from We Buy cars first. We were advised by aa Merc salesperson and when my wife did so, she got a better price than what Merc, BMW, Audi and VW were offering (these were the brands who's cars we took for test drives)

[@mindfreeze0838]

Congrats on your purchase! The car based on current market conditions looks like a good deal.

[@billalmabuza8835]

One minute ago, no views, I am the view !! LOL. Another video MrHowMuch le go

[@mrhowmuch]

😂 Thanks for being the view , enjoy the video…

[@billalmabuza8835]

@@mrhowmuch I have my car which I think you might enjoy reviewing in future bro.

[@HiiiPow3r]

I was looking forward to seeing Boity 😢

[@Keamogetswe_1]

Great educational information for us interested buy used cars.Still insane audi costs 200k.Polo gti manifest buy one day

[@lxole6492]

buying a car right now is generally a bad deal. 1. used car prices drunk on inflation, 2. borrowing rates at the highest. got Sandero at 10.85% fixed in 2021, wrote it off and then got Fiesta at 10.0% linked in 2022.

[@garth7851]

@MrHowMuch dam I wish you had asked. Never ever tell them you putting a deposit! (unless you have to financially). The banks use this against you. I've financed many many cars. Max everything you can, balloon the works. Even use the "special plans" and ask what you can/cant do. That's how you get the interest rate right down. Prime minus stuff. But you must understand what you are getting yourself into. Once you have the car for like 1 week, you put your "deposit" into the finance but you decide how to allocate the money (I think we can thank Zuma for this, you cant be penalized for paying off debt early in 99% of the cases. In this case you not paying it off completely). Make sure the insurance knows how you financed the car.... shortfall, balloon,residual etc. Then you ask the bank/finance company to recalculate if it affected more than the balloon etc. Then you can adjust the insurance to suite. PS: I just sold my Polo GTI for an Amarok (BF Special)

[@lesediseemela9856]

You should have used the 100k to negotiate with banks yourself once the dealership has made you an official offer. Never allow the salesperson to do the application, that's how you end up paying for things you don't know about.

[@azharcassim2795]

I think the best thing about this video was hearing you say no to the installment deal based on the high interest rate. Young black South Africans need to learn that cars make you poor. And even with your professional degree and your 1M apartmemt in Midrand you will always be poor and remain a slave if you buy fancy German cars to make you happy or reach your childhood "dream".

[@mogomotsinester2538]

German cars are slowly getting out of south Africa they too greedy thy will go n drive those cars in Germany when thy price a car it's like thy are thinking with there asses, that's y Americans don't drive there cars

[@azharcassim2795]

@@mogomotsinester2538 You are so right man. I mean spending R1m on a Golf is just crazy. The prices don't make sense anymore. I think the Chinese cars are much better value for money. Let's see how they fair as time moves on. Plus with VW going fully electric in the near future they can keep that for themselves. We don't need that shit hear in SA.

[@LavhelesaniLuvhengo]

Bought my 2021 Rline polo highline dsg with with 11.75% from 13%. How I did my deal was I applied through the dealer first and they came back with 13% lowest. I said No!!! I went to my private banker and she gave me 12% because this is a second car, to those who uses private banker, they know first car is prime minus 2. So I went back to the dealer and say I am taking the car through my private bank. They asked for the quote from the banker. I shared it with them, and they were willing now to beat the private bank. It was so funny to see the sales person face after I came back with the private bank letter. We are now sworn enemies. He is no longer answering my calls 😂😂😂😂

[@ronz91]

😂😂😂nice

[@Lucky-wi5oo]

That is why there deals they now make through in-house financing. This is what they want to avoid. 😂

[@tshepomorobane6617]

😊congratulations 🎊

[@mrhowmuch]

🙃

[@felixsebata1820]

Great educational content, mfo! And well done for following your head over your heart on that GTi deal. There will be others, mostly at SMD, if you know what I mean 😁😁😁

[@JoshuaChume-mb7dr]

Congratulations bruh❤🌧🌧it's blessings

[@ntsikamancoba]

When they tried that nonsense of making me pay for an anti-smash-and-grab in a car that already has it, I told them to remove it as I had never asked for it. They removed it and then I also asked them to remove that ridiculous delivery fee nonsense. Sawphela zi dealers

[@M-SwitchFitment]

ai ntwana u made my day .... when you threw in a throw back of the old gti i was finished

[@Trajectoree]

Yeah no 15.75% 😂😭 what a joke. Well done for pulling out of that madness

[@bulaneyanga5830]

Great video... I blame Muzi for this deal breaker😂😂😂😂😂😂

[@SiphiweMnguni-sj5td]

I will still go for the gti. Its even cheaper to maintain in the long run.

[@sammbatini9716]

Anything that we buy using credit we pay more so I would have took it /especially if I have no other car

[@lethabomotjieng5857]

Congratulations

[@katlehothabethe9168]

Great buy Di bongz🎉. Colour and looks it's a stunner. It's been a while since I watched your review. Yihle baba

[@nelolorenzo2715]

Mr howmuch great work bro and congratulations on your new boy and Iam learning how to become a car journalist one day keep it up bro

[@Homelander2090]

Muzi watching this video proudly in the corner 😅😅

[@justanmpowereddude5021]

Lol I think you can’t compare Audi/Merc/BMW to VW bro. They’re just not in the same league and the level of prestige is just different 😂.. Great video by the way!

[@xolisasibeko3278]

speaking of buying affordable cars, please review the new corolla hatch... eyi as a first-time car buyer that is where my eyes are at now...

[@hophneympfuniwamabunda9055]

Congratulations Mr howMuch 🔥

[@kgaugelomakgakga9423]

Will definitely check out change cars

[@petrusswanepoel850]

The higher the interest rate the dealer put forward, the bigger is the amount of kick-back in rands for the F&I person. It is just another way f upselling from the dealers in order to tap the most amount of money during a transaction. I have been buying cars through finance for many years and have a credit score above 800 and the local VW dealer presented me with an interest rate on a new VW, I declined the offer because the rate was to high. Then my son bough a used Polo from a used car dealer and he got a better interest rate than I did. New car prices and finance companies needs a make-over and a serious one.

[@sibonisomosoma8471]

Here I was being happy kanti weehh that is lemon of car..... Imagine paying for smash and grab while it's already fitted that's wild Mr HowMuch🙂🙂🙂🙂

[@NdaleloNdoks]

Congratulations ❤❤❤❤❤wish you all the best 😂😂😂

[@tshepolekabe8699]

Hi can't wait for the review of the new Yaris cross.

[@tumelosenne590]

You made the right decision.

[@teamphashash]

I enjoyed this. Subbed!

[@mrhowmuch]

Welcome to the channel 🙏🏾

[@teamphashash]

@@mrhowmuch ❤️

[@nqinadlamini]

Please do the Mustang. Thank you for the video.

[@donsicariofx]

100k extra I'd go for new. I still don't trust the DSG boxes reliability long term and we have no idea what repairs the previous owner did. But that's just me...save up a little longer and buy new

[@thaboramokoatsi7928]

A very simple strategy

[@baneletshabalala1541]

I bought mine in 2020 at VW Springs it was 430K,the interior same as this one just few updates like touch buttons on this one.I also has 18 inch rims. i got it on fixed interest at 9%...thing have changed hey

[@teboholenyatsa3746]

You read my mind 😂 i was already thinking Haval HEV or Tigo 8 Pro Max...best value for money in comparison to the Audi, Merc and BMW you mentioned. I'd go for that Polo GTI. You lost interest because of finance interest 😂😂😂

[@risunadavis7083]

Fact is, that was great interest rate, it’s about less than 2% above prime rate, unless if you have crazy high credit score and history, you can’t easily get below prime on movable asset

[@nicknderitu6013]

Why you gotta use Kilowatts instead of HP😞 driving me crazy having to do the conversions. Great video though💪

[@mrhowmuch]

I put the Horse Power next to the KW in every video so I don’t know why you are doing your own conversions.

[@nhlanhlamagagula7467]

New car prices are ridiculous is the reason the second hand car market is booming and some people like me we keeping our old cars, we do some upgrades and thanks to aftermarket they have latest gadgets some better than factory fitted. Please do the Ford Mustang review Thanks for the great video but that Polo is too expensive, advice buy second hand car and fix/ upgrade and use money for asset building

[@balesengseeta2665]

Thanks for the advices Mr how much 👌

[@lonelihlezikhali6024]

Traded in my BMW 3 Series Mzansi Edition and got a 2023 Hyundai venue N line saved myself I've had it for 4 days and I'm enjoying it so far especially since I'll be paying 7.5k installment instead of the 17k I was paying on the BMW 😂

[@gezanimaluleke9362]

How much was your shortfall?

[@theyntlykus]

😹Ahh MrHowMuch thank you.. And yeah we'd appreciate the Mustang Review

[@mondeklaas1486]

Congratulations 🎉

[@OurHope17]

What is the best % ? If 15% is too much... am really lost when it comes to these things

[@friggs6239]

You want to get as close to the lending rate as possible (I think currently it's 11.75%!!!). You will even sometimes see places like BMW doing prime minus x% deals but those are generally on new vehicles with all sorts of limits in terms of maximum annual mileage (so you can't drive more than 10 000km per year for example!), etc. Generally, the older the car (second hand) the higher the interest as well from what I've seen. But yeah, try get as close to prime (linked!) as possible - so if the prime lending rate is 11% when you buy, you want like 11.5% to 12.5% as an exmaple. And what MrHowMuch said is VERY true about don't take the first offer, they will always approve you for a higher rate first time and when you say no then they magically "work something out" with the bank for a lower rate but then it's just slightly lower and the cycle continues a bit. If they won't budge, like he said, move on, you will find another car. Oh and lastly, if you buy a car at get an interest rate of say 12% then you need to work out if you can afford it at like 14.5% still. The reason for this is that if you buy the car at 12% and that is the max you can afford, if the interest rate goes up in a couple months then you are in trouble because your payment goes up as well... so if your absolute max you can afford (for the car payment alone) is like R8000pm, then get something that will cost you less, like R7000pm so if the rates go up you will still be ok. I'm no expert, just my advice/input on this subject.

[@monwabisikuboni7540]

You should get an interest that is atleat 2% above the prime lending rate. Anything in excess above that is too much

[@wheelindex8983]

The "extras" and "vaps" are just ridiculous. A car with a maintenance plan needs nothing! Dealers should give themselves a hard think, it looks like they trying to squeeze extra money out of people, why not just raise the price of the car then. Look interest rate is linked to many things, that interest rate basically says "you cannot afford this car, you are a high risk client, but if you are willing to eat peanut butter and bread, we can make a deal". My basic finance rule is, never pay more than 10% net income on your cars, I do this on x4 cars I own. You would need to earn R90k+/pm to comfortably afford this car.

[@mogomotsinester2538]

This is done deliberately y don't this stupid government intervene , prices that I see this days are just shocking even using n Uber is batter imagine R8000 for installment on a polo that is pure stupidity

[@ishaanjassat]

Best decision ever. Bro you saved yourself some headaches

[@mahlatsemokgokong7921]

thank you Mrhowmuch for the tip. now we will look like professionals when we go and buy boity or her sister

[@pfarelomashau3986]

Keep on looking bro you will get a good deal

[@lioneldynasty]

This is clean tjoooo!🥵

[@MK_QUAVO]

Congratulations man 😎

[@FairDay80]

that navy/black MK6 in the backgrouind..... hell ain't hot enough for people who do that

[@treasurem2491]

Wtf?? Which bank is this bro? I just bought a new 320i lci and got prime minus 1

[@denverarendse8511]

Very Helpful Mr HowMuch

[@muhlurimaluleke9389]

What’s the best interest rate would you prefer someone to take the offer 13% max or you would negotiate ?

[@teslawatshipi1329]

Your reviews are the most entertaining and unique

[@nomvulacomputers]

I CANNOT AFFORD THE AUDI A3 BUT I WOULD DEFINITELY TAKE BECAUSE IT IS JUST SO SLICK AND EXQUISITE

[@SharkBait_ZA]

Hy Mr.HM. Penta motor group in brits might have the GTI you are looking for. It’s just over my budget, that is why I didn’t take it.

[@andilemanganya4552]

Look at you now. 8 months late you got it !

[@andilemanganya4552]

Our dreams are valid.

[@louisholden5127]

Find a low-mileage Mk7 GTI. They're very good cars! They're further down the depreciation curve so they'll have much better resale value in the future as well.

[@setsomeomogolo5008]

Same here I would go fo the GTI! Yeyiii dealerships wanna rip us apart

[@bonganemokoena4772]

Can the dealership provide you with the approval document from the bank, showing the details of the approval, including the approved rate, linked and fixed? Then you choose for yourself.