• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

All data is delayed
Loading...
See More

Financing a car while jobless

Dec 11 2012 10:10
A Fin24 user wants to know whether a car dealer can refuse to accept an agreement if one is unemployed. She writes:

Can a car dealer refuse to accept an arrangement if one has been unemployed for over a year?

I’m making regular payments every month, doing what I can with what I have.

Chris de Kock of WesBank responds:

The dealership is not allowed to make a repayment arrangement because the finance agreement is between the customer and the bank. The customer must approach the company who financed the car in order to make arrangements for the repayment of arrears.

WesBank do make repayment arrangements with customers that are in arrears. These arrangements are based on the principles that the customer must pay agreed amounts on agreed dates.

It is also important to note that every customer’s situation is different and therefore there is no standard repayment arrangement.  Each repayment arrangement is based on the customer’s particular set of circumstances.

- Fin24

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.

Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever
resulting from the use of this site in any manner.

* Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

banking  |  vehicle finance  |  unemployment  |  money clinic

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote

Loading...