Car Buying Mistakes Part 4 - (Linked vs Fixed rate, Maintenance and Extras)

[@lonelihlezikhali6024]

Bought a Car in December 2022 BMW 3 Series Mzansi Edition it was a Demo with 3000kms on the clock and I got approved by 2 Banks namely Standard bank and Absa Bank and I chose Absa who gave me a Fixed interested rate of 15.8% because Standard bank wanted to give me a Linked interest rate of 19.5%🤣the banks are insane trust me I'm Currently Paying R17,144.53 on my car excluding an insurance premium of 3.4k and fuel depends On where I work cause I'm working as a Doctor doing my Community Service

[@MuziSambo]

BMW 3 Series😍😊You're living my dream, but dropping R20k+ on a car Doc...I don't have that courage🤗

[@pinkiedlamini7298]

😮😮

[@pinkiedlamini7298]

Yeyi seriously 17k MONTHLY for the next 5yrs + uyazithemba man

[@leereloaded7614]

Aowa 17k for 3 series 😭😭😭😭 njani?!!!

[@pinkiedlamini7298]

It's the Insurance premium for me 😶..anything above 2k has to be a one of a kind,spanking new, speed dial V.I.P type of service yho. That's the amount I wished to pay on my first car as an installment 🤣 but ofcos It wasn't

[@vonganishaun98]

"I buy cars i afford not cars i qualify for"💫💫

[@Z.Finance]

It's always refreshing to see someone in a non-finance field understanding and using finance concepts ngendlela. This kind of basic knowledge should be universal.

[@ChrisDied]

It kinda is....

[@lebophetla1239]

In 2019, I bought an R line Polo, got it at Prime +0.75 as my first car. Installment is good. I never fell for all those useless dealer extras except the extended service plan (which I have no regrets over, considering the prices of servicing). Brakes, wipers and other things I do myself (dealer tried to charge me 1.4k for wipers, I got them at GoldWagen for 400 and the brand (Bosch) is better quality than VW's very own Valeo wipers). Maintenance plan is a scam if you don't read your T's & C's. A guy I know has a maintenance plan and still does his own brakes and battery - because there is a limit on how much maintenance plan covers in terms of cost. The only place where I could've improved is buying a low mileage 2nd hand one. Because right now, I have 120k km's and the car still runs like clockwork with no issues and looks like it has less than 30000 km's from the outside. As Muzi says, do your research and be patient. LISTEN TO MUZI

[@philantuli3018]

"I always pay up my cars because I buy cars I can afford, not cars I qualify for" those who have ears, have heard....

[@maboj384]

I bought a toyota starlet in 2021 XS. I got an interest is 12.6% fixed for 72 month period with 100k deposit ( my plan was to finish paying it off in 24 months).I didnt know i could negotiate interest rate at the time and it was the intersrt rate i was expecting since I didn't have a credit history.Anyways im down to 9 months now, and I learned alot from your channel , I wish i had the information before . Lessons learned i guess

[@ChrisDied]

Never use your cash for deposit or to buy a car, buying a car is a losing proposition no matter how "clever" we think we are.... you could have rather invested that money in some low risk money market than waste it on a car...

[@vonganihumprey2609]

Agree with you my friend bought a polo R line 2018 for 380000 with a deposit of 250 00 and he was paying less monthly instalments, it happened that he was unfortunately involve in an accident insurance find some loopholes not to pay, as we speak the car is beyond repair and written off park at the back room where he is renting, now he is a johnwalker as we speak

[@Buhles]

⁠@@ChrisDiedYou guys love to say that when you don’t even know a person’s financial commitments. She could’ve bought a car with that 100000 but she/he wanted a NEW car where he/she will pay lower instalment. And the car is an asset to her as he/she will use it continuously until it stops running.

[@karaboleomolobela]

I sometimes question if it’s really worth it for a 26 year old to be paying a full comprehensive insurance package on a Polo tsi thats fully paid. Reading one of the comments above makes me question further. What are the chances that the insurance will find faults and not approve the claim incase of an accident.

[@ChrisDied]

@@Buhles well then if it is an asset, all the more reason to get a brand new car with warranty and maintenance plan..... You sound like all my friends, "im gonna drive this till the wheels fall off, never buying a car again!" ... They all bought like two cars again after saying that.... Like even musi could just have kept that polo gti, i dont even want to know how much he lost in that whole deal.... a car is never an asset, never.

[@promisemaluleke3635]

Lol that last statement about auto vs manual. very funny😂

[@kenearth8857]

Udelela kabi lo’dokotela🤣

[@lunga_1024]

😂

[@PhindileMvula]

Lol my man I went to the dealer knowing that the new Nissan Magnite acenta market price is 242k so I asked for quotations from 4 different dealers for Acenta(Non turbo, and Turbo) Manual and auto.... after receiving the quotes I decided to try my luck with the dealer close to me for the acenta Manual which was 262k from them and the 1 from Dealer 2(far from me) was 254k I just told them I know the market value of the car is 242k but I'm willing to go for 250k(They just had to exclude S&G, Car track and Delivery and Fuel(note the fuel was charged separately)) in total without showing them the quote from the Dealer 2. well they agreed but they just increased the monthly repayment to 5800 for 72months we argued to the point where it was pointless to argue and I just showed them the other quote and told them the only reason I was in contact with the is because they are closer, they said they can match the total amount and they did but this time I was just messing with them knowing the monthly repayment will still be ridiculous. So i asked Dealer 2 to give me a discount they said ok, then they sent me a discount of 3000k the total amount ended up being 251k so I went back to the dealer close to me and told them the amount they just matched is not valid anymore the other dealer gave me a discount and they asked me to send the quote thinking i was bluffing and i scratched the contact details and name of dealer 2 and sent them the Quote and they matched it not they just changed the repayment month from 72 to 84Months and they tried to force me into signing things with them so i just to told them i am not in a rush they need to send me a formal written quote boom they did i went to banks and compared monthly repayments with 0% balloon payment and ithala bank was the best for fixed with 12,75% please note the prime rate is 11,75% currently so i just gave them the podium from the ithala and they gave me a run around and did not want to send Invoice and told me I will never find a better deal or any dealer that can give me a car, and i told them okay because what i am doing is the same as buying the car cash ... went to dealer 2 and bought the car with full tank and registration included few days later dealer 1(Close to me asked if I got any car and i just sent them a picture) and oh dealer 1(Closer to me) once tried to sell me a Visia with the Acenta price......

[@bongarozani272]

You were very smart I will take this approach.

[@orgrasiakodisang323]

This is great, unfortunately a lot of people don't know that they can negotiate the interest and the price of the car

[@jinaratsoma9306]

Re-Watching Car buying mistakes series. Thank you for the education.

[@karabosenna8368]

“If you listen to petrol heads, one day you will be left in a wheelchair”. Musi Sambo 😂😂😂😂😂

[@simphiwegumbi2925]

That comment also sent me 😂😂😂

[@esthetics4512]

That’s a lie but it was funny

[@GlenroseMakgorogo]

It means that manual cars are not safe

[@simionnkuna]

I like that all the cars you show relate to what you’re saying

[@christianmaterial2417]

I bought an expensive car, I stubbornly told myself that I'll survive the six years. Am half way through. Received a call yesterday and the dealer is offering a car upgrade or downgrade and other information things that don't make sense. I have not acted on that yet, since I know better now. I now know that it's wiser to get more info before making a decision.

[@xanadupooe659]

I was sold a car that included extras and told that cars need to have that before they can leave their dealership. Day before I was to fetch the car I wrote to them a short email declining the offer. They removed all the extras and begged me to come back.

[@thabisomichael9192]

👌🏽 nice!

[@sphiwe.maphosa]

we really appreciate all this information you’re giving us Muzi, keep going bro. amazing work. thank you

[@tshembhomanganyi6154]

Bought a car during level 5 lockdown in 2020. I took a fixed rate coz I knew interest will shoot up when lockdown is lifted

[@MasterAppels]

What fixed rate did you get?

[@LikhoeleGeorgeRamphalile]

Hello my brother last year in may I bought a Jetta 5 FSI for 99k car was so good inside the dealer showroom I paid it cash as I was driving a car to home car sounds like it's a diesel then I stopped and phone the dealer I asked why sound like diesel they said it's how it sounds. I was under 30 days warranty. Test drive is important which I didn't do it but I ve learn my listen.The car start gives problems now.

[@motsepemoremi314]

I think also important to note credit score which ultimately determines ur risk profile... (1) Short terms loans i.e capfin - red flag (2) Applying for a car in 3/4 dealerships all at the same time especially online ref flag (3) Using the maximum amount on ur credit card, red flag. My interest rate is 11.3% - was not happy but ey I needed a car, my banker said something like we can renegotiate my interest rate after 2yrs

[@asandaLFC]

why was it 11.3

[@luthernthane6724]

Can you renegotiate even on fixed rate??

[@MongeziLusithi]

​@@luthernthane6724I too would really like to know.

[@percyondatube]

Has he made good on that promise?

[@sidweelxolani3554]

@@luthernthane6724yes you can

[@thanyanimushadu6888]

Bought my car (VW T-Roc R-Line) in February 2021 and I chose to fix the interest rate at 10,069% because I knew the prime lending rate was most likely going to shoot up post the pandemic.

[@masiremaleho]

Smart! Very smart!!

[@xmanncoko4639]

I like when you say people must talk and they must not suffer only ...Bro you the man ....

[@tungstencarbide7255]

Agreed. A test drive is important. DSG transmission is the worst thing for inner city/slow driving while CVT gearboxes are the worst things to ever exist. If you want an automatic make sure it is a torque converter type.

[@thabisomichael9192]

At that moment i got my eyes on the Corolla XR hatchback CVT 🥺

[@tungstencarbide7255]

@@thabisomichael9192 your name suggests you're a guy so I'd say steer clear. But then I haven't driven the corolla CVT, maybe it is well calibrated (although I doubt it).

[@esthetics4512]

Your the only person I’ve heard complain about driving a car with a dual clutch transmission dual clutches are the holy grail of transmissions please tell me how were you driving that car Single clutch gearboxes are a pain in the ass for slow driving and city driving

[@esthetics4512]

Why do you say cvt are the worst Elaborate?

[@tungstencarbide7255]

@@esthetics4512 a torque converter automatic is the smoothest transmission because of the fluid coupling between engine & transmission which allows slip. CVTs are just terrible. Drive one and give feedback.

[@emmanuelpulentlhe3697]

I have a young newly employed man who just bought a VW Polo trendline for over R280K on a balloon of R80 465.00, with the same extras on a linked 12,75%. I said to him he must take out the extended warranty and maintenance plan from the price of the car and buy them separately, I also ask him to go and look at the Balleno and we haven't speak since (3 weeks) and I saw him driving the polo on Monday. a maintenance is 4yrs/ 60000 km and a warranty of 2 yrs/ 80000 km, he's covering 170 km plus on daily return drive. and i understood that whatever you might say if a person(s) has their heart on something your opinion won't matter.

[@andrewmolapo9605]

Exactly, and what I have realized is that every first time buyer want to go for what they like regardless of the costs.

[@shudufhadzwanindou3042]

Thank you so much for this information. I was about to make one of these mistakes you are talking about, until someone advised me to listen to your videos.

[@AR-fw5bn]

Never understood why people would buy budget cars if they could afford more, however after seeing how much money is lost on a car, VAT, depreciation, insurance, fuel, low trade in values I now get it. Its only worth spending alot if it can be a tax break

[@mathomesamuel801]

15% tax itself is a burden, adding balloon/residual 😢😢😢😢😢😢 etc.

[@takundamapako7856]

Man, these videos are on another level! Thanks for sharing this GOLDEN advice!!

[@BlqckEngine]

Awe MJ I think the corolla is going for 135k. On the subject of the high interest rate, I believe you can also check with other finance to compare the rates. Valuable content 🙏🏽🙏🏽 Dankoooooo Muzi

[@fikilemaroga]

I bought a used ford Fiesta in Sept 2021 for R167k with interest rate linked of 9, because of your channel i have paid off the car in 1 year and 8 months. I'm with my choice and don't see myself buying a brand new car in my life.

[@MuziSambo]

Well done👏🏽I'm so glad the content helped you make a sensible financial decision.

[@thapelonelson4959]

How's the maintenance cost of it , affordable or expensive?

[@xolimashiane-LK]

Mina nje this channel made me realize to not even go near a dealership nje because wow 😮

[@sindiswamkhize9763]

Good advice always, big up Muzi

[@alowismusodza]

Hahahaha this one... I found myself laughing more than learning!!! Gr8t show as usual...

[@pulaner.lebitsa4892]

I thought I wanted to buy a local car next year but I think I’ll pass! All these information your are sharing is vital but overwhelming at the same time! At this point, import cars seem to be worth it. A 100k personal loan can get one a car with out any added cost in Lesotho. Collect it from the dealership, service it and you are good to go! Also, some dealerships allow monthly payment plans without any interest.

[@retsepilejudithmolao9822]

Hi Pulane . Retsepile from Lesotho here , are our import cars allowed to drive this side without insurance?

[@pulaner.lebitsa4892]

@@retsepilejudithmolao9822, hi Retsepile. Yes they are or rather, they do. But you can look into insurance back home, it will cover you in other countries as well.

[@bonisiweinnocentcukatha3212]

Hello,more info regarding the imports please

[@pulaner.lebitsa4892]

@@retsepilejudithmolao9822 Hi Retsepile. Yes they are. Some South Africans actually allow them. And I’ve also heard that it’s possible to insure them through Alliance Insurance. I haven’t done my research on this though. Sorry for a late response 😊

[@pulaner.lebitsa4892]

@@bonisiweinnocentcukatha3212 hi. Please be more specific on the information you want me to share and I’ll do a thorough search and get back to you.

[@TarriqStPatrick]

The mistake you are making is associating the loading of the deal with extras to the Sales man, in most cases these are loaded by the Finance department and many sales guys hate it as it usually leads to loss of deals. Some will go as far as telling the client not to take extras and rather get options once delivery is taken from banks.

[@maxwelltemele959]

Thanks Muzi, your channel is an eye opener to me. It's very educational, because I have bad and strain experience of buying a Skorokoro Golf Mk1, ,So now I watch and download your videos for my future records❤✌️

[@helenntuli328]

Muzi, thank you. They nearly catch, if it wasn't that I requested the contract from the bank bese ngidliwe. I was shocked that they added extras costed up to R38 000 without my knowledge. I'm not sure about the interest rate but I was given a link rate of 11.75% and fixed rate of 14.18% to choose from. I chose the fixed. I'm not sure if I must go on with this deal because I don't like to work with an untrusted person

[@khanyisalithakazi4865]

Maybe check another dealer, this one shows red flags

[@kbngoepe7246]

The love you have for the 3 series is Untouchable & Unlimited👏🏼👏🏼👏🏼🔥🔥🔥💯💯💯

[@nhlanhlamkhabela5275]

The issue of interest rates also depends on who you bank with. I am 22 years old, I just only started working and I have no credit history, yet Investec (of which I bank with) is willing to give me prime less a half, I haven't even yet negotiated.

[@elginohoon8652]

Made the mistake of chosing variable interest rate on my car 12% and bond 12%,had to give up nice things😂

[@bradleylefika9209]

Daim😢

[@MuziSambo]

Kuzolunga my king✊🏽

[@MlunghisiMathevula]

That's me that there...

[@antonioperez9545]

Hi muzi can you do a video of affordable first cars maybe for students and first time buyers. and I think the Corolla is going for R120k.

[@papa_steez47]

​@@neo.333he/she meant first time buyers😅😂

[@antonioperez9545]

@@neo.333 😂😂 i meant to say first time buyers.

[@antonioperez9545]

@@papa_steez47 yes I meant first time buyers.

[@mlungisimokoena6837]

Muzi I almost buy a car this month it was a Polo Vivo 2018 and it cost R169 500 and Absa bank approved my finance at a linked interest rate of 16% and with additional fees of R30 000 fortunately enough I was with my friend who question them how come a car that cost 169 500 end up at 200 000 then they explain things that I didn’t understand then if we tell them can they only includes car registration fees then all those unnecessary things they included they refuse then i decided to decline the offer n I told them the only way to buy this car is for them exclude all these unnecessary additions n I want a car at R176 000 They refuse n I decline the offer

[@MuziSambo]

Yooh😬Imagine borrowing R200k to buy a R169k car🙃

[@katlegolekaba3148]

I got the same car...ur situation is similar to mine but I got it at 15.88% fixed and the dealer added R5000 thgh not R30 000. I'm happy but I think I shud have pushed the limit a Lil bit back...learning how to negotiate but I'm happy I learned something and got a better deal than wat they offered although it cud have been better

[@mzwabantumagadla8854]

9.25 is what I am paying. I am still angry at Kia, bought a Duster 4x4 and they insisted I add a 2 year device to 75000@ R18k. Just used this add on, how much is the service. R4k and I checked the next one is around the same. So Kia dealership robbed me about R10k which I am paying an interest over 72 months. I said no to add on and you are correct these guys know how to insist and tell it’s a good thing to do….

[@MasterAppels]

I bought a new Baleno GLX last year with an interest rate of prime +1%. I really had my eye on a 2020 Mazda 3 but thankfully my head was more convincing than my heart.

[@MuziSambo]

Good choice!

[@MlunghisiMathevula]

Who needs tv when we have all the current affairs and entertainment right here?!😂🤣😂🤣

[@bafanamsibi4478]

Your knowledge will help a lot of people. Keep up the good work.

[@SiphoMlanjeni]

On my next car, if i don't get prime minus 2%, I don't want it

[@luckyphakula]

This info is Gold,keep educating us Doc 👌🏿

[@mzuvukilemona5079]

I bought VW Polo Vivo in 2020 at a fixed rate of 9%, my first car or loan.

[@lesediseemela9856]

5.1k views in 1 hour, is proof that we're being starved content by MJ. I'd like to lay a complaint. 😂

[@melusibuthelezi4721]

Thank you for this, I'm caught up between buying a 2023 baleno which will cost me around R5.4k p/m exclusive of insurance or 2018 polo vivo tl with 90 000km on the clock @R5k p/M without service or warranty. 😢😢😢 I need expect on cars to make this decision. And yes I'm I'm not will to spend R6k on a car monthly. Enzayathi😢😂

[@Sirona_ZA]

R400 P/M personally I don't think it's significant. Look at it this way, for R400P/M extra you have a service plan and warranty included in the deal plus you are less likely to have machenical breakdowns as compared to a used vehicle. Personally I view pre owned vw polo's and any other performance car as buying another person's headache especially judging how an average person treat those categories of vehicles reving, burnouts, doughnuts, etc... All the best in making the decision which will make you happy and not drain your pockets.

[@lesediseemela9856]

Save for a deposit and buy a Baleno, if the your need for a car isn't an emergency. 60 000km/ 4 years service plan and a 200 000km warranty plus road side assistance. Convenience. ☑️

[@nosisamathe7915]

I just want to say. Thank you. So much for this channel. Thank you so much.

[@ashleysuker174]

So I bought a cherry tiggo 7 distinction 2022 model a demo with 4000 km on the clock. A couple of months ago. So before buying the car I negotiated the rates at banks and also requested by my own bank a lower rate seing that I am a long time client. So Initially the rat e was 16 percent but it came down by my own bank 12.5 %. I also phoned around insurance seeing what the retail rate of the car was so the retail Value was still estimated at R420000. And I bought the car at R370000. I sold my old car privately and got a good Deposit on the car As trade ins they wanted to give me to little. I am paying R51000 for my car now per month. Without insurance.

[@kinnocentmathenjwa5902]

The last 30 seconds of this video 😂😂😂 your choice of words and video timing is very spicy Muzi 😂😂😭😭

[@quintongalane5960]

6:10 Muzi, what are the strategies you use to paying-off a car within a year and what are the advantages?

[@diskiwithmphoza]

Hi Quinton, not an expert like Muzi, but I used a stokvel to pay up the car in 36 months. I think having a stokvel comes with more discipline as opposed to making extra payments. Extra payments are voluntary, so it’s easy to skip payments.

[@mrhowmuch]

Here to see the Swift Sport 👌🏾

[@I_am_Samu_N]

your videos are very informative and entertaining simultaneously lol. Thank you Muzi

[@africasveryown4758]

Your side bar commentry leaves me in stitches. 🤣🤣🤣

[@masiremaleho]

Dude is a legend, wish I’ve known about you 3 cars earlier

[@Successnompumelelo]

Hi Muzi there’s also this option of returning the car back to the dealership urself to avoid legal costs if you cannot afford to pay for it anymore…please make a video on that

[@MuziSambo]

Here: kzbin.info/www/bejne/pJqpomCLf7-aq7c

[@percyondatube]

It's now 14.35% from the 12.10% I took it out for. It had gone down to about 9.75% when the interest rates were decreased. I felt robbed, it hasn't changed from the sentiment. But, the deal was with skepticism as it was my first time buying. The car was a before-facelift 2014 Hyundai i10. It was a really low-mileage car. It's been good so far, just scarce parts for basic items as it is an older version. My take is that the car was a rather expensive purchase for the car in 2018. The car fell within what I wanted to purchase in line with my needs too. 😶‍🌫

[@emmanuelsiyester5959]

Make a video on cars that are cheap but high in maintenance And cheap, high-risk cars with expensive insurance

[@IDB_Lukhele]

Datsun Go, nobody talks about it but hey😂😂

[@jomo2483]

My favorite car reviewer on KZbin. You too funny

[@mthokozisimyende787]

My day just got a whole lot better Dankie Muzi

[@BoHorror]

22.5% two cars on a credit card, still living to tell the tale to this day.

[@amirikamtoi4957]

If you listen to petrol heads you will end up in a wheelchair 😅😅😅😅😅

[@bongarozani272]

@3:14 I was also denied by ABSA Haval GT because I had missed few payments on my home loan from 2016. I finished and closed off that loan yet somehow those missed payments still lingers many moons later.

[@justindaniel5959]

Can you do a video on admin fees and licensing? Muzi

[@tankisomoso8415]

I got 12% Linked and 14.05% fixed for 2022 Polo Vivo comfortline at 13000 km. I got it for R245 000 including the maintainance plan as an additional. Which would you say is better at this point? I haven't got the car I am in a process of buying.

[@nyikomthombeni8354]

12% linked - it is more likely that the interest will have to go down - any increase in interest will cost the county too much - and we might as well conclude that we are almost in a recession phase.

[@tankisomoso8415]

@nyikomthombeni8354 Thank you very much. I also kind of thought so. The lending rate and/or repo rate has been going up a lot, so I kind of forsee stability or a decrease.

[@lebohangntshiba7523]

@@nyikomthombeni8354100% Agreed

[@cliffordnyathi6539]

Bought a car with a loan back in 2021😢I’m now regretting and took a linked rate it’s now sitting on 20.10%

[@MuziSambo]

You should consider refinancing or getting rid of that car otherwise you'll pay until Jesus comes back😫

[@cliffordnyathi6539]

@@MuziSambo that’s what I thought

[@anony7164]

but if you take back the car you you will have penalties.

[@bontlematlaela4285]

Ijoo i made the mistake of buying my first car, brand new Kia Seltos, on linked interest rate..i returned the car after a year of having it and bought a prewoned on fixed interest.

[@luthernthane6724]

Thinking of returning my suzuki swift gl 2023 to pre owned 😞😞

[@zhin13]

​@@luthernthane6724why?

[@giftmahlangu982]

I was offered a 14.5% fixed rate last month for a 2015 BMW 435i with less than 100 000 kilos.

[@thecoachabdul]

Bought an 2016 Hyundai i10 two years ago with 100km already on the clock, at a fixed interest rate of 13.35%😢. I got scammed heavily by this dealership. Currently im paying R2490 pm excluding insurance which costs me R600pm. I'm definitely coming prepared if i ever make a new car purchase 😅

[@thedirandz]

Mine is worse. Bought a Grand i10 with 90KM on the clock, fixed interest rate of 15% 3.3pm and 1k on insurance. I’m actually wondering if the interest rate can be re-negotiated.

[@thecoachabdul]

@@thedirandz which year model is your grand i10

[@thedirandz]

@@thecoachabdul 2018

[@Zee_Mbadu]

Which insurance are you with?

[@thecoachabdul]

@@Zee_Mbadu mi way

[@hopewellgama]

I’m sitting on 9.25% linked for my vivo comfortline

[@thabosebola2247]

You had to include that brasi stand picture bro🤣🤣

[@Randomized456]

Dr Sambo, how do you do a financial stress test?

[@Buhles]

Muzi taking shots at the i30N and Yaris GR 😂😂😂

[@seerotsticks]

financed my first car this year being an i20 fluid at prime plus 0.3. i had to negotiate that as well cos it was originally plus 2.

[@jasonafonso2246]

A bit tough to guess the price of the corolla without age or mileage but I’ll lock in about R160 000 - R180 000…. Just to add, the cut off on interest should be around 15% fixed the reality is most South Africans don’t manage their credit correctly and typically won’t qualify for less than that. I got 12.3% fixed on my latest vehicle.

[@lubabalomankungu6882]

Your analysis about cars is so helpful. Please advise, how do I negotiate when dealerships says the delivery and licensing fees are compulsory? I've got more than two qoutes from dealership and I am at a comparing and negotiation stage.

[@goodenoughcele2068]

My first car was financed at a fixed rate of 14% by Wesbank.I paid it off in 3 years

[@heinrichwebb6447]

Really enjoying your videos. Keep up the good work man 👌🏼

[@tumelomokwena27]

What are the other disadvantages of fixed interest rate?

[@milindogugu5327]

"I buy cars I can afford not those I qualify for" living below your means kubalulekile ngane zakwethu

[@abulelet9922]

14% on a 2023 new Renault Kiger energy Zen (Non turbo) , which I so regret buying. The 1.0 engine is very ridiculous for that car.

[@Lungsta101]

1.0 litre on anything is ridiculous. I own a polo tsi R-Line

[@smisosikhakhane2003]

Mine is financed@ 12.75 fixed

[@smisosikhakhane2003]

All thanks to @muzi sambo for heads up 🙌🏽

[@sabelosharks.shabalala4466]

Banjaloke umuntu afune advise umnike bese athange yona le bizayo obumkhuza ngayo bese angakwazi kuthenga amasondo

[@Mabuyacool]

I got prime + 0.25% when I bought my Polo GTI in 2019. So currently sitting on 12%.

[@lakeflakersa]

Your anger in this video 😢😂😂😂, I felt it

[@MuziSambo]

😁💁‍♂️Akere you guys are disappointing me. I'm always preaching the same thing everyday, but you don’t listen😆😊🤗

[@lakeflakersa]

@@MuziSambo 😂😂😂

[@vincentmotonya2859]

Great content 👌 very informative

[@xolisanontshe]

Mr Sambo, thank you Sir for the content I'm thinking hard about buying a car. But my issue is choosing between buying a new car or not!!!🤔

[@bobot7566]

2nd

[@Kenny57562]

Buy 2nd but less than 50 000 km

[@sivuyilemahamba7765]

Dr Sambo Very smart that one...

[@mosestaukobong5937]

Quick question bro. Does your credit score affect the interest rate offered by the bank on your loan application.

[@vels_lopez9218]

Yes.

[@Sirona_ZA]

Yes it does, high credit score and clean profile you're likely to have a better interest rate... Clean profile- you don't have history of defaulting or not paying

[@bobot7566]

Offcourse

[@thabisomichael9192]

To add onto this good question… what’s a good minimum credit score?

[@mthokozisimyende787]

I Always Pay Off My Cars within a Year Because I BUY CARS I AFFORD NOT CARS I QUALIFY FOR

[@malwandebuthelezi2460]

That corolla is going for R120000 i assume

[@blessingsbusisomhlambo4876]

thanks Muzi for your teachings your help is appreciated so much man thanks a lot bru

[@luyandabuthelezi4144]

Bru you are saving those who are listening here thank you very much are when i require advise for you what must i do ?

[@siphesihlewellcomesithole1052]

Is it possible to return a car to dealership I bought polo vivo which was R230 000 at mastercars and I'm paying R6000 every month and the insurance of R1300 and if I tell people they say it too much

[@edwardbaloyi155]

I'm paying R6750 for a car that costs R341 000 , I think you are paying too much. When did you buy the car? If is Less than years you will have a short fall. But it is possible to return a car.

[@siphesihlewellcomesithole1052]

@@edwardbaloyi155 last year July

[@nhlanhlamakhubu4666]

the new c-class is sick!!!!!!!!!! yeses

[@sandilekhuzwayo7012]

Polo Vivo 2016(Bought 2022) intrests rate 15,1% linked price was 135k No ballon i told the salesman im only willing to pay 3k with insurance he came back with a deal of 2800 car alone, told him bye. changed his tune to 2200 a month they took off 35k negotiate

[@mphongwetsana3998]

Can you please do a visit on what happens when a car is written off and claiming from insurance. Do you loose the initial deposit you paid on the car or what?

[@sihlendlovu6323]

I wish I saw your videos last week damn, I got a linked rate of 15.15% and whole lot of BS extra

[@christinemakhubo3694]

Hey Muzi great content my brother asking for your opinion is it a good idea to buy a car cash and what are the insurance implications when you bought your car cash Asking because Im in a contract employment and not sure if it can lead to permanent

[@i_declare_bankruptcy686]

Questions Please let me now if one can change a loan from linked to fixed? I'm seeing flames here😂😂