Being a CA doesn't mean you must drive a big car one day at my work place one of our clients who is a CA said exactly that he was driving Suzuki Swift hes the importance of the car is to take you from point A to point B not a status as you save your money for the most important things both him and his wife they professionals CA and the wife is a Medical doctor I was inspired thanks for this video because I was about to make a big mistake to buy the the car because ladies does not take serious a man who doesn't have a car and I'm losing my beautiful girlfriend because I don't have a car but after this video I will let her go and stay in peace.
Hahaha. Nicolette, I'm a teacher and same age as you. You are spot on. I drive a sensible mini suv precisely because of the roads, it is fuel efficient and dealerships are all over the province. No one will get you into debt like car dealership salespeople and estate agents. Keep on educating our youth. You are doing an amazing job. 💯
Des I haven’t even started working but I just looked up the car you’re driving and you know what it’s so cute I love it ! It’s definitely in my options even I do work. I don’t want debt
I just think this video was made for me. I've been planning on buying a car but I don't think I'm financially ready for it or if I even need it. The pressure is coming from my family, my partner (he says it brings some sort of standard or isdima) and friends. I have a nice paying job, I'm 25, I'm renting and got 2 kids. Well I would afford it but it does not make sense for me to own a car before having a house. I work from home, my 1 child has transport to school and the other has a nanny. When I want to go out I request an uber. So thank you so much for this eye opening lesson. I try so hard to be money smart
I've made some financial mistakes but listen I'm so determined to learn from them. I've been running away from financial knowledge (anxiety & insecurities about the bad decisions I made) I watched your episode from Yolz and you mentioned that you made bad financial decisions but you overcame them and you are where you are today because of them. That gave me courage to face my finances, so I'll be camping on your channel. Thank you so much for sharing this wisdom for free. I declare that I will have a healthy relationship with my finances amen.
Thank you for sharing this important information Nicollete. I’m still shopping around for my first car and another important factor that first time buyers don’t take into account is the Linked and Fixed Interest rate. For those who are not aware 1. A fixed interest rate does not change for the duration of your payment period and therefore gives the security of a fixed monthly instalment and 2. A linked interest rate is linked to the prime lending rate so when it increases so does your monthly instalment. But… the Fixed rate usually has a slightly higher monthly repayment than a Linked one.
omg i love her😂❤ about to buy my first car and this was the first video i watched. Thanks girl for the advice🙏🏾💕💕 u had me smiling the whole video😂 such an amazing personality🫶🏾🫶🏾
Planning on buying my first car Jan, this has really been helpful. I once went to a dealership and the imposter syndrome got to me and almost bought a car I could not afford 💔 I managed to get out because they didn’t have the cars so I had to wait. Ended up not getting it but used the months to budget better, so research and come to terms with the fact that buying a big car will make me look good, but financially it will hurt me. Thanks so much, as I work harder on the imposter syndrome.😂
Nkosiyam am planning on getting my first car in November 2023 and I must say this video is very helpful…Am already trying by all means to have a perfect credit score so nje I believe that am in a right track🎉
The day I subscribed to your channel back in 2019 was one of the best decisions I made, I managed to get out of debt, have a great emergency fund, life policy and working on my retirement annuity. Now the focus is on getting a car. Your videos go a long way and of great value keep up the good work.
When I bought my 3rd used car, I spoke to Wesbank for finance and they pre approved everything. So I went to pick up the car they finance department added extended warranty, smash and grab, paint protection and other additional extras that ended up adding around R30k. As a Mechanic I knew most these extras were already paid for by the previous owner and as I was walking away from the deal the salesman removed all extras and still tried to convince me to take extended warranty just to be safe incase something happens. I told the guy if something happens, which I still refused as for at least for a certain period they must honor what happens to the car provided its not damage from my side. And besides that taking the warranty was gonna force me to service at dealerships which I don't like cause this side they hardly know what they doing.
Oh wow. I thought it was only extended warranty that gets carried over to the new owner. How do you check exactly what the previous owner bought extra?
My sista, thank you for talking to me. There are so many factors to consider and thank you for making it a point not to take the first deal that comes your way. I will shop wisely now....
I agree with you.There is a friend of mine who bought a bigger car out of pressure from his baby mama.He obviously didn`t afford the car.He traded in his paid up polo.He also had to borrow some money(loan) to pay for the deposit.
When you said, driving to the airport and start leaking oil😂😂that hit home…lol Nicolette that’s exactly what happened to me, last year. Even missed the flight 😅😅but hanging on to it until I can afford a better car…I refuse to fall into the trap ya bad debts😅😅😂😂😂😂
So smart so informative and really helpful. Just a slight tip to improve your videos; work on the echo, I think your videos will sound REALLY refined when there’s no echo. ❤
Sister,you are speaking facts! For years i wanted to buy a car. I live in a suburb outside if a metropolitan area. We have public transit but it isnt always reliable. I appreciate the financial breakdown of the cost of car ownership. Thank you.
Nice video ❤ I just financed my new Camry after so much stress first was the money then is was paystubs and bank statements which I had to pay a vendor online
I'm sure all most of us made that mistake when they bought their first car. I always laugh at my statement and be like wow , how did I end up going for 72months (that's paying more interest) but I was smart enough to pay it quicker , and all the accessories that I didn't need ? Bhod kesana! Thanks Coco once again for exporting all that financial knowledge and lessons learnt coz tis the season where people will be pressured in to getting into all these dodgy deals coz salesmen want to push their targets. Know your credit score and and don't be swayed into buying for more than you had budgeted for. The prime lending rate keeps nyisaring us this side
Mommy please explain the fixed instalment and variable instalment. The pros and cons between the two. Which one is preferable to a person living off a budget.
The fixed installment or fixed interest rate stays the same throughout your contract period. Although it is more expensive compared to the other option. However if you choose variable interest or installment it will be less expensive at first but it changes all the time when the interest rate changes. So if interest rates increases the your installment also increases and that can be over your budget after it has increased twice. I have a friend who had to consolidate her debts because she had variable interest rate and she didn't know. Then within a year her installment had increased from R4500 to R6000 within 12 months because of increased interest rate. So be very careful with choosing interest. Variable interest is also called linked interest rate!
Hi mama i bought car with balloon which made my life a living hell, i suggest when you buy car please do not opt the balloon option and if possible have done payment nyana....Make sure you negotiate; salesman can be manipulative
What is a normal period for buying a car? Over the years cars have become expensive and in order to be affordable a longer payment period was adopted and of course residual (lease transactions) were introduced to individual buyers.
Is it good to pay a running cost of car insurance on an old immaculate looking car? I ask this question cause insurance companies can sometimes do one dirty in a case of an accident where a car probably damage only a fender and not fix it for you but write it off for their selfish personal gain fixing it for themself to resell while they paid you less based on a market value of that good looking old car😏
Thank you so much for the advice 🙏 I honestly appreciate it. May you kindly advise on how to trade in a financed car and getting a new car? 🙏 🙏🙏🙏 I am in the process of trading in
Nami they said the same they said the car has smash and grab they said it has 2 years warranty... So I asked to see the contract b4 I take the car... Even today m still waiting for the contract 😢😢
Me: I can't have a Masters and not drive an SUV Nic:Also don't buy a car for your ego andaphoxeka but then again when u mentioned that you bought yiur car for safety I'm in the same boat coz i got into an accident driving my dads Avanza and apart from God of course the main reason I didn't die was because it was a big car coz it got written off... Im still scared to drive but I need to as we don't have uber in my hometown so I'd never be comfortable driving a small car so an SUV it is... Just the costs that freak me out but I have faith that God will work it out lol I'm tired of overthinking
One of the main components of a credit score is on time payments. So yes, paying on time on both revolving (credit cards) and installment (auto loans) debt is paramount.
Only benefit is that they won't repossess. But interest rate is almost double or more.. if you can afford the payment with the personal loan interest then you can just take the normal vehicle finance but pay the same amount you would have paid for the personal loan. I think thay should decrease your loan term so you'll pay it off quicker
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Being a CA doesn't mean you must drive a big car one day at my work place one of our clients who is a CA said exactly that he was driving Suzuki Swift hes the importance of the car is to take you from point A to point B not a status as you save your money for the most important things both him and his wife they professionals CA and the wife is a Medical doctor I was inspired thanks for this video because I was about to make a big mistake to buy the the car because ladies does not take serious a man who doesn't have a car and I'm losing my beautiful girlfriend because I don't have a car but after this video I will let her go and stay in peace.
Women will forever CONFUSE any man...
I'm glad you took the right decision.
Point A TO B if you a nomie for enthusiast it’s different
I would like you to have or invite Musi Sambo on your show and talk about cars. It will be an excellent combination of knowledge.
Musi Samba is a Goat 🙏🔥🔥
That would be a great episode!
Muzi is a beast 🎉
I will look for him
@@FinancialBunny please
Hahaha. Nicolette, I'm a teacher and same age as you. You are spot on. I drive a sensible mini suv precisely because of the roads, it is fuel efficient and dealerships are all over the province.
No one will get you into debt like car dealership salespeople and estate agents. Keep on educating our youth. You are doing an amazing job. 💯
I totally agree
What suv are driving?
@@koniey Nissan Magnite
Des I haven’t even started working but I just looked up the car you’re driving and you know what it’s so cute I love it ! It’s definitely in my options even I do work. I don’t want debt
Yaa o a se bona se hlalefile yo!
I just think this video was made for me. I've been planning on buying a car but I don't think I'm financially ready for it or if I even need it. The pressure is coming from my family, my partner (he says it brings some sort of standard or isdima) and friends. I have a nice paying job, I'm 25, I'm renting and got 2 kids. Well I would afford it but it does not make sense for me to own a car before having a house. I work from home, my 1 child has transport to school and the other has a nanny. When I want to go out I request an uber. So thank you so much for this eye opening lesson. I try so hard to be money smart
Take ur time... Even save your money
Please watch Atlehang Govuzas channel on if you should buy a car all the reasons not to buy one are there and that video will help you 🤞
Get that property...fuck the car
I've made some financial mistakes but listen I'm so determined to learn from them. I've been running away from financial knowledge (anxiety & insecurities about the bad decisions I made) I watched your episode from Yolz and you mentioned that you made bad financial decisions but you overcame them and you are where you are today because of them. That gave me courage to face my finances, so I'll be camping on your channel. Thank you so much for sharing this wisdom for free. I declare that I will have a healthy relationship with my finances amen.
Thank you for sharing this important information Nicollete. I’m still shopping around for my first car and another important factor that first time buyers don’t take into account is the Linked and Fixed Interest rate.
For those who are not aware 1. A fixed interest rate does not change for the duration of your payment period and therefore gives the security of a fixed monthly instalment and 2. A linked interest rate is linked to the prime lending rate so when it increases so does your monthly instalment. But… the Fixed rate usually has a slightly higher monthly repayment than a Linked one.
Thank you so much for this I'm looking for the car.advise like this is helpful
Nna I am learning even before I could buy a car. Even if my bank balance is at nil, Knowledge is power
What did you decide on and how is it going?
omg i love her😂❤ about to buy my first car and this was the first video i watched. Thanks girl for the advice🙏🏾💕💕 u had me smiling the whole video😂 such an amazing personality🫶🏾🫶🏾
Planning on buying my first car Jan, this has really been helpful. I once went to a dealership and the imposter syndrome got to me and almost bought a car I could not afford 💔 I managed to get out because they didn’t have the cars so I had to wait. Ended up not getting it but used the months to budget better, so research and come to terms with the fact that buying a big car will make me look good, but financially it will hurt me. Thanks so much, as I work harder on the imposter syndrome.😂
Same thing happened to me with a house purchase. Luckily, it didn't go through because of family issues, yikes
@@nkosinathindala4745 You dodge a bullet!🤣🤣
Musa ukudakwa...love that. Thanks Nicolette for the education
Nkosiyam am planning on getting my first car in November 2023 and I must say this video is very helpful…Am already trying by all means to have a perfect credit score so nje I believe that am in a right track🎉
How did you build your credit score if I may ask?
Why November if I may ask??😊😊 Coz it's my birth month and basically it's now Sept... November is here. How have u prepared yourself for November??
The day I subscribed to your channel back in 2019 was one of the best decisions I made, I managed to get out of debt, have a great emergency fund, life policy and working on my retirement annuity. Now the focus is on getting a car.
Your videos go a long way and of great value keep up the good work.
When I bought my 3rd used car, I spoke to Wesbank for finance and they pre approved everything. So I went to pick up the car they finance department added extended warranty, smash and grab, paint protection and other additional extras that ended up adding around R30k. As a Mechanic I knew most these extras were already paid for by the previous owner and as I was walking away from the deal the salesman removed all extras and still tried to convince me to take extended warranty just to be safe incase something happens. I told the guy if something happens, which I still refused as for at least for a certain period they must honor what happens to the car provided its not damage from my side. And besides that taking the warranty was gonna force me to service at dealerships which I don't like cause this side they hardly know what they doing.
Oh wow. I thought it was only extended warranty that gets carried over to the new owner. How do you check exactly what the previous owner bought extra?
Simple things as paint protection and smash and grab film
My sista, thank you for talking to me. There are so many factors to consider and thank you for making it a point not to take the first deal that comes your way. I will shop wisely now....
I agree with you.There is a friend of mine who bought a bigger car out of pressure from his baby mama.He obviously didn`t afford the car.He traded in his paid up polo.He also had to borrow some money(loan) to pay for the deposit.
When you said, driving to the airport and start leaking oil😂😂that hit home…lol Nicolette that’s exactly what happened to me, last year. Even missed the flight 😅😅but hanging on to it until I can afford a better car…I refuse to fall into the trap ya bad debts😅😅😂😂😂😂
Just as I'm about to purchase a car BOOM you pop up on my timeline 🎉
So smart so informative and really helpful. Just a slight tip to improve your videos; work on the echo, I think your videos will sound REALLY refined when there’s no echo. ❤
A sister I wish I had❤ thank you for the lesson and the information😍
Umhle Nicolette, but ke thanks for taking the time to educate us...uyi best kwi game yakho 🙌🏿
Loved this video especially when you say don’t buy for your ego 👏🏾👏🏾
I found this channel at the right time. 😂😂 I love her. This is so informative ❤
The "musa ukudakwa" part send me straight to subscribe button 😂
Love your content always recommend you to the newly qualified and employed
You drive what you can afford, true beautiful sister.
Sister,you are speaking facts! For years i wanted to buy a car. I live in a suburb outside if a metropolitan area. We have public transit but it isnt always reliable.
I appreciate the financial breakdown of the cost of car ownership. Thank you.
I came to the comment section after "Musa ukudakwa" part😄.. You are so Amazing
❤
Nice video ❤ I just financed my new Camry after so much stress first was the money then is was paystubs and bank statements which I had to pay a vendor online
Please help me with a name or something
Deels cafe
On I.g
I like and love all your videos "You always keep it real and simple" Watching you from Rwanda
Thank you
thankyou ngwana mmane.....im in a process of buying my first car. you really helped me
Love your content and you just got yourself a follower... Well informed
Thank you dear i love your work
Let me grab my pen and book
This is what I needed ❤️❤️
Thank you Sis
We are blessed to have Nicolette
Thank you for this video such an eye opener ❤️❤️❤️🙌
I'm sure all most of us made that mistake when they bought their first car. I always laugh at my statement and be like wow , how did I end up going for 72months (that's paying more interest) but I was smart enough to pay it quicker , and all the accessories that I didn't need ? Bhod kesana! Thanks Coco once again for exporting all that financial knowledge and lessons learnt coz tis the season where people will be pressured in to getting into all these dodgy deals coz salesmen want to push their targets. Know your credit score and and don't be swayed into buying for more than you had budgeted for. The prime lending rate keeps nyisaring us this side
How did you pay it off quicker?
Thanks you. I thought having saved the amount i saw at the dealership was enough. Let me keep saving once as the 1st time buyer.
I couldn’t help but subscribe I live her energy 😂
My Financial Warrior 🙌
This video was so helpful and really enjoyed watching. Loved it!
I love you, you just changed my mindset.
This is such an eye opener. Thank you ❤️
Mommy please explain the fixed instalment and variable instalment. The pros and cons between the two. Which one is preferable to a person living off a budget.
The fixed installment or fixed interest rate stays the same throughout your contract period. Although it is more expensive compared to the other option. However if you choose variable interest or installment it will be less expensive at first but it changes all the time when the interest rate changes. So if interest rates increases the your installment also increases and that can be over your budget after it has increased twice. I have a friend who had to consolidate her debts because she had variable interest rate and she didn't know. Then within a year her installment had increased from R4500 to R6000 within 12 months because of increased interest rate. So be very careful with choosing interest. Variable interest is also called linked interest rate!
Taking notes✍ Thank you my financial gobela 🤗
Thanks for sharing Nicolette 😊
My First time here,and @15:36, you earned a Subscriber ✨
Planning to buy my 2nd car, dude i made horrible mistake with my first car tjoooo now i know better.
Askies mama. When you know better you will do better. We all were maza on that first purchase
@Sibumagazine what was your horrible mistake?We would love to learn from your mistakes.
Hi mama i bought car with balloon which made my life a living hell, i suggest when you buy car please do not opt the balloon option and if possible have done payment nyana....Make sure you negotiate; salesman can be manipulative
@sibumagizine Thank you mama❤️
This is very informative, thank you so much financial Bunny❤️😍
Brand loyalty in this economy is STUPID
Very informative Nicolette☺, thank you.
Lol, one day you need to collaborate with 1 or 2 people who’ve made mistakes and only learnt when they needed to get rid of the car.
That mus'ukudakwa was personal🤣🤣🤣
please don't give car reviews Nicolette, I'm in tears🤣🤣🤣
First time to comment. Nice job nicollete
Thank you
I really like your personality. Take a trip to Jamaica I'll show you around
Bush back ridge 😂😂😂😂 I love it!
Well said sis I, thanks 🙏 for the advice.
Highly informative. Thank you.
What is a normal period for buying a car? Over the years cars have become expensive and in order to be affordable a longer payment period was adopted and of course residual (lease transactions) were introduced to individual buyers.
I love these helpful tips. Thank you!
I loved and enjoyed this , it is so informative. ❤
Kea leboga. I am hunting for a new car and this was very informative. Kea leboga kudu samma
I just love you mommy I am in it just to support your channel as a south African youtuber
I needed this sis thank you
Thank you so much great advice 👌👌
Is it good to pay a running cost of car insurance on an old immaculate looking car? I ask this question cause insurance companies can sometimes do one dirty in a case of an accident where a car probably damage only a fender and not fix it for you but write it off for their selfish personal gain fixing it for themself to resell while they paid you less based on a market value of that good looking old car😏
You can refuse them writing off the car. I did with Outsurance. Instead they gave me cash to fix the car.
Hi there, tell me young lady, would I be allowed to pay for more than 72 months just to reduce my monthly installment?
I love how South African you are 😂❤ (many multicultural references/accents jokes etc)
Thank you so much for this sis ❤
Haha I love your accent !
And thanks for the advice 🤞🏾
Wa ntsefela ngwana ko kgae ❤❤❤
So insightful❤❤
Big up my sister 🙏🤝
Daai kaar het Baie gesien😂😂Yes gal that's a No No😂😂
Hi there ,will you recommend buying a 2nd hand car as an undergraduate student
Thank you so much for the advice 🙏 I honestly appreciate it.
May you kindly advise on how to trade in a financed car and getting a new car? 🙏 🙏🙏🙏 I am in the process of trading in
What's your thoughts on leasing?
Nami they said the same they said the car has smash and grab they said it has 2 years warranty... So I asked to see the contract b4 I take the car... Even today m still waiting for the contract 😢😢
That “mus’ ukudakwa” cracked me😭🤣🤣🤣
I Love you 💕so much 😂😂😂when it comes to bank can help ....
Me: I can't have a Masters and not drive an SUV
Nic:Also don't buy a car for your ego andaphoxeka but then again when u mentioned that you bought yiur car for safety I'm in the same boat coz i got into an accident driving my dads Avanza and apart from God of course the main reason I didn't die was because it was a big car coz it got written off... Im still scared to drive but I need to as we don't have uber in my hometown so I'd never be comfortable driving a small car so an SUV it is... Just the costs that freak me out but I have faith that God will work it out lol I'm tired of overthinking
Athi "your car is twerking in the middle of the night"😂
Love your content 👌🏽
Thank you darling 🙏
Great advices❤🙏
Hi Nicolette what do you think of buying a new car as a first buyer on cash rather than financing it..???
Best decision ever
Why not? Do it
Always cash this way price is exactly as you see on the floor
Hi Nicolette. Ideally, what portion of your income should your car installment be? (i.e. 1/3 of your income)
they say 15% but lets be fair. it won't work for everyone. I say what works for you but you also can't earn R15K take home and the car is R8K
@@FinancialBunny some say between 20 and 35%
Hi there ,will you recommend buying a second hand car for a first time buyer
Does financing contribute to your credit score when you pay on time?
One of the main components of a credit score is on time payments. So yes, paying on time on both revolving (credit cards) and installment (auto loans) debt is paramount.
Sitting here watching this video and preparing for my medical board exams with R30 in my account😂😂
Um earning R15000 i want to buy 2023 polo 8 Gti is it a good thing? N i like tht car a lot
Hallo Sesi I would like to know if is it possible to pay more on my car installment?
She has a great video on that. About reducing principal debt. Search for it
I will do that Thank you
Hi Nicolette, thank you so much for these tips. I was wondering what do you think about buying a car with a personal loan?
Noooo personal loan interest rates are waaay higher than car finance
Only benefit is that they won't repossess. But interest rate is almost double or more.. if you can afford the payment with the personal loan interest then you can just take the normal vehicle finance but pay the same amount you would have paid for the personal loan. I think thay should decrease your loan term so you'll pay it off quicker
Who in the bank did you speak to about getting a better deal?
Lol this was sooo informative 💯
Girl, i thank you
Perfect dadewethu 😂😂
😂😂😂 “hello” 😂😂I just sub’d
I don't care what she's talking about. She's a cutie and the accent 😍.
Mam, do you suggest purchasing a car from a dealership or can I buy a car privately from someone?
Those guys are smooth talkers and will sell you anything
Awesome video!!!
I made most mistakes you mentioned
Thank you for this