Car Finance vs Cash in South Africa (2025): Which Option Saves You More?
Car Finance vs Cash in South Africa (2025): Which Option Saves You More? Car Finance vs Cash in South Africa (2025): Which Option Saves You More? Should you finance your next car or pay cash upfront? This 2025 guide explains the trade-offs so you can choose the smarter option for your budget. π Option 1: Buying with Cash Paying cash means full ownership from day one. You avoid monthly instalments, interest charges, and the risk of repossession. Many South Africans prefer this option for used cars under R150k. Pros of Cash: No monthly debt or interest. Immediate ownership and resale freedom. Potential discounts for upfront payment. Cons of Cash: Large upfront outlay may drain savings. Limits you to cars within your current budget. No credit score boost from repayment history. π³ Option 2: Financi...