New Car: Yaris or Atos/Getz

Post by **GDI_Lord** » 29 Jul 2008, 09:29

Thanks Avatar7. I've had a brief look on their website and I'm undecided.

Avatar7 · Post by **Avatar7** » 29 Jul 2008, 15:43

Go to the showroom and check them out, i've just been through the car hunt, looked at polos too, real tight cars.
I found there are a lot of options, and lots of options that are just out of reach, keep hiunting

viceroy · Post by **viceroy** » 29 Jul 2008, 15:56

maxxis wrote:Exactly. At 43% you are bound to en up paying more in interest than the capital

Take the following

R100000 over 54months at 43% interest

Capital : 100000
Interest Paid : 128939.43

= Illegal.

If that's illegal then howcome Africa Bank and People's Bank microlending departments are still in existance?

I used to work in the microlending dept for People's Bank and i can tell you that 40% interest is one of the better rates they give. I'm pretty sure i saw over 50%