GETTING THE BEST BANG FOR YOUR BUCK

SOUTH Africa already had a high unemployment rate, which is only set to climb in the months to come. Th at’s not even counting the number of people who remain employed but had to take some sort of income cut going forward.

Times are tough and for proof, look no further than FNB and Wesbank’s payment breaks. Here we have established and reputable financial services providers that provided payment breaks to customers in good standing.

Th e result of the first wave of applications was 500 000 credit agreements from nearly 150 000 businesses and individuals. While we applaud FNB and Wesbank for making this service available, it doesn’t take a PhD in economics to figure out it’s not a viable permanent solution.

Many people are looking at buying down. Research conducted by Autotrader suggests the amount of people searching for a cheap car has gone up by 300%.

Now, more than ever, consumers should be thinking carefully about how they spend their money. What you want will be replaced by what you need.

With that in mind, we did some research in buying down. We