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Deal assists and balloon payments: What you need to know
Gareth Collier, certified financial planner at Crue Invest, sheds light on car financing, deal assists and deferred payments for those in the market for a new set of wheels. 00:07
With interest rates being at an all-time low, many people have taken the opportunity to buy more expensive vehicles than they would normally buy. On the other hand, many who have been working from home during the extended lockdown have spent time re-evaluating the need to drive expensive cars. While less frequent use means lower services, maintenance and fuel costs, many people have come to realise that they are sitting with an ever-depreciating asset that is not being fully utilised.