I think you know exactly what I mean but you just wanna take us down a narrow semantics road. The bank is listed as the title holder in the vehicle certificate, hence after you paid off the car you have to request the NaTIS documents and go do a Change of Ownership at the traffic department. When you go collect "your new car" from the dealership, the RELEASE NOTE states that you’re collecting the car on behalf of the bank.
😂 I agree with you, at face value it doesn't make sense to take up those agility/BMW select finance options. however, most people who buy performance cars, especially in their 20s, aren't planning on keeping those cars for more than 5 years. So if you were to finance a car for 6 years, but in 3-4 years decide you wanna sell your car, like you said especially with BMWs, there's a good chance the value of the car is less than what you owe the bank. so if you decide to sell the car especially through dealerships (ngoba bayarobha), you might sell your car and still end up owing the bank on top of that. Lapho you were paying R15k for a new car, after 3 years you sell it and still owe the bank R100000, so all that money down the drain. The only way to get a best deal is if you do a private sale, and let's be honest, who's gonna buy a 2021 BMW G20 2nd hand from a person, due to risks associated with private sales especially for such an expensive performance car. Most people who afford these cars would rather go through a dealership in order to get finance from a bank. So basically those R15k every month down the drain+R10000(example) on top. it Makes sense to finance a car you're gonna to keep for long, but if you're someone who's not planning to keep a car for not more than 4-5 years or wants a new BMW, those deals are for those people, plus those cars always have a motor/maintenance plan. So one less problem to worry about. But jah, the restrictions they give are a problem.
Very informative. I'm addicted to this channel mostly because I had zero knowledge about cars until I started growing some interest in Feb 2022...Rea leboga Mr!
You’ve made buying a car, both second hand and Brand New , a lot easier. Especially when you give a conclusion if whether or not the cars worth it then jiki jiki you give another alternative
Excellent video. I bought a VW polo 2010 about 6 years ago. I cancelled my insurance the moment it left the floor. I used that money towards the installment of the car. My insurance was R880 when I started. I managed to settle my car in less than 3 years, using the insurance money towards the car installment
@@shamisomarabwa202 100%. I only took out the insurance, as it was necessary before I can take my car off the floor, but I cancelled it 1 hour later, and have been driving without an insurance. It's just a risk I took, to pay my car off quicker.
@@marschlionoalexander8498 Alright I see. I also don't have insurance and been driving 5 years now. Risky, but well. Car was bought cash though (second hand)
If you want to make extra monthly payments added to the installment with who do arrange for the extra payment the bank that finances the car or how do you go about it? obviously after the deal is complete.
It's possible to settle/return a car bought on BMW select finance before the term ends and without paying anything extra. If you're lucky you could even get something back, especially for people who bought cars pre or during the pandemic when cars were much cheaper.
I think the lease agreement is perfect for someone wealthy who's in the country for 4 years but who's not here for a permanent stay. Maybe you own multiple companies and you are in Mzansi for some time to focus on business, then after 4 years or so you go back to England or wherever
Please do a detailed review on the latest Mazda CX3, I really love it and I see it a lot in the road. Seems like a very popular car but there’s absolutely nothing from SA about it on RUclips.
Thank you somuch, I'm learning alot from your videos by the time I get a car I'll be fully informed. Almost made a mistake of buying a car online but the offer was so ridiculous I walked away, also I didn't know about VAT & wasn't informed, I was surprised to see it added on my offer
The select and agility option are usually for companies that give their bosses/CEO and or top management. Those people would be employed for a period of a short time. For them it makes sense to take these options as they would have an option for the car allowance.
Another option that was not mentioned in this video is buying a car through home loan/bond. If you have an existing mortgage, you can apply for additional loan, that will also form part of your home loan. The Bank will give you the cash to buy a new car. The interest for your loan will be the same as your mortgage.
I was planning to buy a car with a personal loan i did an application online and the installment was going to be +5k and the interested rate was 24% for 150k so I dropped it there it's ridiculous the installment sale is better
But you'd have peace of mind owning the car rather than the bank till you settle the installment loan. You can still beat the system and significantly reduce the interest charged by paying a bit extra each month.
I know a lot of people who'll be trapped in those lease agreements thinking they saving kanti nope😂😂 So all in all we know that some people aren't rich with their Benz or Bonners 😂😂😂
Another way to buy a car is to use Home loan access facility. With this option, you use available funds on your home loan to buy a car. Increase the monthly payment for your home loan to match what you’d be paying for the car so that you save on interest in the long run.
Aii, dokotela. Nna, I have decided Suzuki swft sport, t cross dsg or polo vivo. Still to decide though betweenthem. As for finance bank is the only way.
Lovely sweet short and to the point....if I may make a request on housing finance please!....wether it be apartments, townhouses or residential. As well as best practices and what to spot and avoid....than you!!
How to fry eggs without cooking oil 😭😭🤣🤣🤣. Some time you show do a video covering new entry level vehicles (maybe 5 to 10 of them in one vehicle then add your character)
Muzi my mother she's on rent 2 buy a car and she ws supposed to finish da car in February next year but now they called her and tell her that she'll finish paying it in 2027, bt da contract she signed says she'll finish the car in 2023, what must she do in dis situation
The video was very educational 👌 Much appreciated. You just didn't have to throw shade at the end since you have "big money". It just leaves a bad taste in the mouth.
They say getting a bond and then get a bond extension you shall be well cause 1. The extension won't be linked to the newly acquired asset 2. The interest rate won't change 3. If the installment for the asset should be around 10k, you can afford to pay less(e.g. 3k) cause its linked to your bond
For those with in-house finance Yes...But technically most of them are still underwritten under a certain bank, because on their own dealerships are not credit providers. So in essence you could pay MFC @ Kia, but the Umbrella is Nedbank
@@MuziSambo regarding personalised number plates, Can I personalise up to nine letters and Remove the province initials at the End(MP)... I cant find a clear answer when I'm researching online....
Good video, but you are incorrect when it comes to Instalment sale, you own the car, You just also have a loan.
I think you know exactly what I mean but you just wanna take us down a narrow semantics road. The bank is listed as the title holder in the vehicle certificate, hence after you paid off the car you have to request the NaTIS documents and go do a Change of Ownership at the traffic department.
When you go collect "your new car" from the dealership, the RELEASE NOTE states that you’re collecting the car on behalf of the bank.
@@MuziSambo you honestly don’t have to respond to every ridiculous comment. Many people watch your videos to argue, not to understand. Kodwa ke 🚶🏾♂️
@@ASMRPRO171 Why would someone support a channel just to argue? think man!
@@MrMarvinstraight , You don't own the car till you pay it off.
Lol 😂 😂
My weekly dose, im addicted to you baba! Im suppose to be working but here I am !!!
Zilethwa uban indaba uma nawe ungapha Leadership?😂😂😂
Lol
You also stealing company time?
Muzi will have fired stru 🤞🏿
Eish this guy 💔🤣🤣🤣🤣
Siyafana. I'm so addicted to his videos
…this BMW, “ages like an avocado 🥑” 😂 Schooled and entertained all at once👌🏼
😂 I agree with you, at face value it doesn't make sense to take up those agility/BMW select finance options. however, most people who buy performance cars, especially in their 20s, aren't planning on keeping those cars for more than 5 years. So if you were to finance a car for 6 years, but in 3-4 years decide you wanna sell your car, like you said especially with BMWs, there's a good chance the value of the car is less than what you owe the bank. so if you decide to sell the car especially through dealerships (ngoba bayarobha), you might sell your car and still end up owing the bank on top of that. Lapho you were paying R15k for a new car, after 3 years you sell it and still owe the bank R100000, so all that money down the drain. The only way to get a best deal is if you do a private sale, and let's be honest, who's gonna buy a 2021 BMW G20 2nd hand from a person, due to risks associated with private sales especially for such an expensive performance car. Most people who afford these cars would rather go through a dealership in order to get finance from a bank. So basically those R15k every month down the drain+R10000(example) on top. it Makes sense to finance a car you're gonna to keep for long, but if you're someone who's not planning to keep a car for not more than 4-5 years or wants a new BMW, those deals are for those people, plus those cars always have a motor/maintenance plan. So one less problem to worry about. But jah, the restrictions they give are a problem.
Best car review in South Africa 💯💯💪💪
Very informative. I'm addicted to this channel mostly because I had zero knowledge about cars until I started growing some interest in Feb 2022...Rea leboga Mr!
Why didn’t I come across this channel a year ago? It would have saved me a great deal.
😥
Which car?
This video is so informative. Thank you, Dr Sambo I'm definitely sharing this with friends and family.
"Dream car yokunuka"
"how to fry eggs without cooking oil" - moer man nduna!! 😂😂🤦🏽♂️
Thank you for car finances 🤝🔥.as you said,”mali yadlaliswa la phandle”..eisha that’s bad.
Car content, in a Mzansi context. Danko🔥
The nice thing about this guy is he doesn't neat around thr bush,he gives content straight away,point to point,no unnecessary digressions,big up bro
You’ve made buying a car, both second hand and Brand New , a lot easier.
Especially when you give a conclusion if whether or not the cars worth it then jiki jiki you give another alternative
Excellent video. I bought a VW polo 2010 about 6 years ago. I cancelled my insurance the moment it left the floor. I used that money towards the installment of the car. My insurance was R880 when I started. I managed to settle my car in less than 3 years, using the insurance money towards the car installment
So you didn't have any insurance on the car?
@@shamisomarabwa202 100%. I only took out the insurance, as it was necessary before I can take my car off the floor, but I cancelled it 1 hour later, and have been driving without an insurance. It's just a risk I took, to pay my car off quicker.
@@marschlionoalexander8498 Alright I see. I also don't have insurance and been driving 5 years now. Risky, but well. Car was bought cash though (second hand)
@@shamisomarabwa202 I agree. It's very risky to drive without insurance, but I took the risk and settled my car within 3 year instead of 72 months.
If you want to make extra monthly payments added to the installment with who do arrange for the extra payment the bank that finances the car or how do you go about it? obviously after the deal is complete.
You killing it bro nice educational videos.
The way say "... with nothing!" I feel it.
Thank you Dr Sambo for adding more time. As always precise and accurate thank you for the information
More time 😅
Love your videos Muzi, I like how you make them applicable to real life scenario with a great sense of humour!🙌🙌
😂😂 Informative and entertaining ❤🔥
thank so very much for a very informative video. because wow, Im actually looking to buy a car and my budget is 5.5k....keep giving us a good content
Fantastic one Mr Sambo👌🏾👌🏾
I'mma send this to my lady, friends and family who are interested in buying a car. Your channel is informative
I've learned a lot today, thank you for the content🔥🔥🔥🔥🔥🔥
Dankie Muzi! 🙌🏾
Watching all the from Los Angeles California 🇺🇲
😁Ufike njan' lapho?.....🤔
@@MuziSambo Family
My kids are watching this before they get themselves into trouble . Good content maan 👏🏾👏🏾👏🏾
It's possible to settle/return a car bought on BMW select finance before the term ends and without paying anything extra. If you're lucky you could even get something back, especially for people who bought cars pre or during the pandemic when cars were much cheaper.
The way you say "And walk away with nothing" while talking about leasing killed me 😂😂
Should've Covered the Rent to own in this aswell
lol" Age like Avocados" I'm dead 😂😂😂 thanks for the video Muzi
I think the lease agreement is perfect for someone wealthy who's in the country for 4 years but who's not here for a permanent stay. Maybe you own multiple companies and you are in Mzansi for some time to focus on business, then after 4 years or so you go back to England or wherever
But that’s not the case in most cases
@@Zincebatikana you get the picture of what I’m trying to say douche bag
Or you in SA for school
The best option is to buy the car, then sell it later.
Does it have to be 4 years😂
If it’s not your channel then I must be addicted to drugs because hhayi uyayishaya into yakho😂🙆🏾♂️🔥
I love your videos. I'm still a student and your videos are very informative 👌 by the time I want to buy a car I'm hoping to have all the knowledge
Nice video. Very informative with a bit of humor. Nicely done.
I’m supposed to be doing my thesis but here I’m am hooked..Keep up the good work.
Please do a Fiat Tipo review. It'll be good to see how it compares against its other hatch competitors
Thanks man. I am learning a lot from your videos.
Great great video. Huge fan of your content. From Botswana 🇧🇼 👍🏾👍🏾
Very informative. Good stuff
Cooking oil is expensive. I love how you covered this topic.
Thank you very much Bafo, I learnt something here today, that, "and walk away with nothing" really moves me🤣😂🤣😂😂😂
Please do a detailed review on the latest Mazda CX3, I really love it and I see it a lot in the road. Seems like a very popular car but there’s absolutely nothing from SA about it on RUclips.
That "Dream car yokunuka" really hit hard!
As a newly professional and fresh out of varsity this channel is very useful when buying a car. Thanks so much my brother. Keep up the good work!
Just discovered this channel today and I'm learning alot.
Very detailed explanation. Guys let's throw a like to the video for the RUclips algorithm. It helps content creators a lot
after this video
I need to have a huge talk with my sister who just bought a car that she doesn't even drive
thanks Muzi 4 words of wisdom
Love your content and the sneaky reality check shots being fired 😂👌🏾👌🏾
Always the best. This man has SA #Cartwitter shaking. Let's hit 30k subs asap guya. Does Muzi have twitter entlek?
Thank you somuch, I'm learning alot from your videos by the time I get a car I'll be fully informed. Almost made a mistake of buying a car online but the offer was so ridiculous I walked away, also I didn't know about VAT & wasn't informed, I was surprised to see it added on my offer
Your content is addictive, so much advice on Cars and other things(Mjolo, Finance.etc...)
This has been informative, first day on the channel🔥🔥
Thank you Muzi, great content as always. Would you please also cover the car subscription option. I heard it is a new thing going on in SA.
The select and agility option are usually for companies that give their bosses/CEO and or top management. Those people would be employed for a period of a short time. For them it makes sense to take these options as they would have an option for the car allowance.
Makes sense...🤔
These finance options are now available to everyone. Hence there are so many latest BMs and Mercs on the roads as if they're cheap.
Muzi Sambo, for all your vehicle fincancing needs 💪🏽💪🏽. 💯% as always.
Very informative BUT...Its the "BMW ages like avocados" and "Dream car yoknuka!!" that keeps me coming back lol
😁😄I would also love to see you in the court benches when I'm getting sued😂
@@MuziSambo We will be there in our cars we cant afford with 50% balloon payments still waiting for us in 3 years time!!!
Informative content always. Thanks Muzi.
Another option that was not mentioned in this video is buying a car through home loan/bond. If you have an existing mortgage, you can apply for additional loan, that will also form part of your home loan. The Bank will give you the cash to buy a new car. The interest for your loan will be the same as your mortgage.
Really?.. when is one eligible for such?
Your channel is life Muzi...I've just subscribed today but i wanna watch all your vedeos....thank you bro
Dzamn...I love your content bro, you are dealing with the real staff. Thank you.
You are fast becoming the GOAT.
It all boils down to what you want to do with the car and whether you can afford it. Klaar!
I was planning to buy a car with a personal loan i did an application online and the installment was going to be +5k and the interested rate was 24% for 150k so I dropped it there it's ridiculous the installment sale is better
But you'd have peace of mind owning the car rather than the bank till you settle the installment loan. You can still beat the system and significantly reduce the interest charged by paying a bit extra each month.
I'm a new subscriber and your commentary on the videos got me laughing so hard 😂😂😂🤣🤣🤣🤣nice humour broer yet dropping lots of knowledge on cars👌 😉
Very informative! Thank you.
I know a lot of people who'll be trapped in those lease agreements thinking they saving kanti nope😂😂
So all in all we know that some people aren't rich with their Benz or Bonners 😂😂😂
Very informative. Enjoying the content brother.
Thanks for information, it is educational keep up, we need poeple like you my brother
Love the video , information is spot on 👌🏾
Which option do you think it’s the best when financing a car ?
Option 1- traditional instalment🤞🏾
Another way to buy a car is to use Home loan access facility. With this option, you use available funds on your home loan to buy a car. Increase the monthly payment for your home loan to match what you’d be paying for the car so that you save on interest in the long run.
I am learning from you guys.Continue dropping these eye opening nuggets.Sometimes our greatest handicap is that we do not do research on these things.
Aii, dokotela. Nna, I have decided Suzuki swft sport, t cross dsg or polo vivo. Still to decide though betweenthem. As for finance bank is the only way.
This was very informative 🔥 How much deposit did you pay to get the R6600 monthly installment?
What a great video, so much information. Thank you Muzi.
" and walk away with nothing " gets me everytime 😭
Googling 'how to fry eggs without cooking oil was the death of me''
Lovely sweet short and to the point....if I may make a request on housing finance please!....wether it be apartments, townhouses or residential. As well as best practices and what to spot and avoid....than you!!
Dope video as always Muzi, what are the dowsides to paying for the car cash upfront? Walk in, pay and leave?
There's no downside cos that's the best way to buy a car. In fact the best way to buy anything is CASH. We just finance stuff cos we are poor💁♂️
Dope dope. Thank you for your prompt response.
we need more reviews brother, please upload more and more!!
thank you , i am waiting for the jaguar fpace review
Good content bro. Keep it up, love from Kenya 🇰🇪
Muzi bro your podcast is very informative, siyabonga brazo,can you please do a review on a Isuzu D-Max top of the range double cab
Age like Avocados, 🤣🤣🤣, well said!
👏👏👏 you are definitely so informative, thank you so much
I really wish you were around when I bought my first car.
As for cooking " oil is very expensive "🤣🤣🤣🤣🔥🔥🤞🏾
Another informative video 👌thank thank you bro👍love the humour 😂
How much is an installment of a second hand Polo life on a balloon payment?
How to fry eggs without cooking oil 😭😭🤣🤣🤣. Some time you show do a video covering new entry level vehicles (maybe 5 to 10 of them in one vehicle then add your character)
I like the videos first then i watch🙌
Leasing a car is unnecessary imo, it’s a waste of money.
Can you please make a review about Golf 7.5 GTI?
Muzi my mother she's on rent 2 buy a car and she ws supposed to finish da car in February next year but now they called her and tell her that she'll finish paying it in 2027, bt da contract she signed says she'll finish the car in 2023, what must she do in dis situation
The video was very educational 👌 Much appreciated. You just didn't have to throw shade at the end since you have "big money". It just leaves a bad taste in the mouth.
🙂😊It’s just a joke...I don't have big money either🤷♂️
They say getting a bond and then get a bond extension you shall be well cause
1. The extension won't be linked to the newly acquired asset
2. The interest rate won't change
3. If the installment for the asset should be around 10k, you can afford to pay less(e.g. 3k) cause its linked to your bond
That sounds like a plan but the risk is that you could lose your house if you can no longer service your debt.
🤣 🤣 The in-between comments also..
The school of cars.
Informative video. Good job.
then you must also gooi petrol... lol. I Love this guy...
out of curiosity, if I want to buy a car can't I just pay the monthly installment straight to the car dealership, like without involving the bank???
For those with in-house finance Yes...But technically most of them are still underwritten under a certain bank, because on their own dealerships are not credit providers. So in essence you could pay MFC @ Kia, but the Umbrella is Nedbank
...also the only thing that really matters is the interest rate, 10% is 10% whether you're paying the dealership or the bank.
@@MuziSambo regarding personalised number plates, Can I personalise up to nine letters and Remove the province initials at the End(MP)... I cant find a clear answer when I'm researching online....
@@MaliceRisk In an official number plate you can only put up to 7 letters and you can’t remove the province.
more knowledge on car finance may people are stuck with high bills or wrong decisions