Answer
Apr 26, 2023 - 02:25 AM
Hi there,
When you finance a vehicle, you need to remember that money is lent from a finance house/bank and depending on how long you intend to pay off the car , what deposit amount you placed and at what interest rate the agreement has is what determines that added amount you saw. You can ask the dealer for a breakdown of the costs and all to get an idea. So that extra R20 000 can be the interest paid at the end of the finance period .
Hope this helps,
The Ask AutoTrader Team
When you finance a vehicle, you need to remember that money is lent from a finance house/bank and depending on how long you intend to pay off the car , what deposit amount you placed and at what interest rate the agreement has is what determines that added amount you saw. You can ask the dealer for a breakdown of the costs and all to get an idea. So that extra R20 000 can be the interest paid at the end of the finance period .
Hope this helps,
The Ask AutoTrader Team
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