Off The Beaten Track

interest rates

What you need to consider before buying a car

August 22, 2016 // 0 Comments

To start with, will you buy a new car, or a second-hand one? This is important, because the car’s age will influence your finance application. For instance, Absa does not offer instalment finance for cars older than five years. WesBank is limited to cars less than 20 years old worth at least R30,000 when bought from a private seller. Then you’ll have to decide whether to buy from a dealership or a private seller. A private deal might be cheaper, but you will have to ensure that the [...]

Retail bonds and fixed deposit accounts: medium term investment vehicles worth looking at

February 15, 2016 // 0 Comments

This article first appeared in City Press. You can find the original article here. For those who are looking to save for the medium term and don’t plan to touch the money for at least two years, the RSA Retail Savings Bond is an attractive option. Retail bonds have no fees such as admin costs or monthly account costs, and the interest rate returns are set above inflation, meaning the value of your money is not diminished over the investment period and capital is guaranteed. There are two [...]

Debt Elimination: The First Half

May 3, 2015 // 0 Comments

Many people don’t know where to begin when it comes to paying off their debt. When you’re in too deep, every bill is too much. No matter which debt you want to tackle, the others will still be there. It isn’t surprising that so many resort to sticking their heads under the sand – it is peaceful and quiet below. However, you need to come up for air and when you do, guess who’s waiting? Yup… In order to fish your way out, you need to know exactly where you are Ask yourself the [...]