You South Africa

When can the bank repossess your car?

GO TO you.co.za FOR MORE FINANCIAL ADVICE

Send suggestions for topics and requests for info to yourmoney@you.co.za. We may answer your questions in this column but won’t reply personally.

INCREASINGLY consumers are facing the threat of having their cars taken away. With the Ombudsman for Banking Services, Reana Steyn, reporting an influx of complaints from customers who’ve had their vehicles repossessed, we take a look at the rights and responsibilities of consumers.

1 WHO DOES THE CAR BELONG TO?

Legally, under vehicle financing agreements,

You’re reading a preview, subscribe to read more.

More from You South Africa

You South Africa9 min read
Double Jeopardy
IN A sheltered life based largely at a desk, I have managed to avoid any sort of scenario in which head-butting seemed like a good move. Now I’m being asked to do it with conviction. And it feels so weird that I’m struggling not to laugh. The stakes
You South Africa5 min read
Blooming!
SHE was the kind of woman people loved to loathe – she was too pretty, too perfect, too happy, too try-hard, too much of a smarty-pants. One critic branded her the cheerleader of princessy theatre-schooled girls who had no sex appeal and “ate raisins
You South Africa4 min read
Your Stars
For daily horoscopes go to you.co.za. What a difference a week can make. Love diva Venus moves into your sign on the 23rd, bestowing with you all sorts of benefits and favours. Jupiter, the bringer of good luck and gifts, also settles into your sign

Related Books & Audiobooks