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Debt Tricks When Buying A New Car – Men’s Health

Debt Tricks When Buying a New Car – Men’s Health

Debt Tricks When Buying a New Car

In this Men’s Health article Wikus Olivier, debt counsellor at DebtSafe, discusses the various debt tricks when buying a new car.

Consumers often fall for alluring promises of low interest or zero deposit. These offers might seem attractive when advertised, but it will most likely have serious consequences in the near future.

Many individuals going through debt review have experienced these types of debt tricks. Leading them deeper into debt. This is because consumers don’t really look at the fine-print. Ending up with higher instalments or paying back their loan over a longer period of time. Wikus lists four debt tricks when buying a new car.