Why Car Insurance is Important in South Africa

Owning a car is often seen as a necessity by many South Africans who want to avoid public transport but with the privilege of car ownership comes the responsibility of ensuring that you are adequately protected against certain risks. This is where car insurance plays...

Options for Insuring your Car

When buying insurance for your vehicle, you have the option to either cover it for its retail, market or trade-in value.  Most people do not realise the difference between these insured values, but it can make a big difference to the pay-out when you claim in the...

What is a Balloon Payment?

A balloon payment is a financial plan where a portion of the purchase price of the vehicle is set aside to lower the buyer’s monthly repayments.  This deferred amount must be settled at the end of the contract term.  The buyer must be disciplined to save the needed...