The content of this video shouldn’t be considered as financial advice. For proper financial advice you should consult a professional who is registered with the FSCA.
Addicted to your content, with a zero bank balance. Not even planning to get a car in the near future, but it wise to be informed about stuff njerr, thank you for simplifying things
Muzi, dude! Thank you so so much. I negotiated my interest rate using the tips you gave here and my interest rate was reduced by 1.75%! Do a livestream soon that allows for superchats so that we can send you cash, bruh.
Thank you bro, u just gave me the courage to let go of my baby who's very dear to my heart, my dream car, Mazda 3 2021. The repo rate hs hicked up my installment from 6 200 when I took it to a whooping 7 100 by the end of 2022 & it's more than I cn afford nw taking to account the other costs dt come wif de car. U hav really helped me to let go bcz holding on to it is just a huge financial suicide & also u hav helped wif options to move on to or consider when down grading. Ur channel is a life saver, very educational, thank u Muzi ur a life saver & I just love ur humor.
Muzi, can you please send me an email via: ayandambatha2@gmail.com I would like to spread your content onto my LinkedIn page: www.linkedin.com/in/ayanda-moses-mbatha-experienced-mechanical-engineering-technologist
Notification bell gang here!! Love the fact that, not only do you do realistic, FAIR car reviews tailored for South Africans but you also do these car finance videos, these are things we should be taught in schools Love these type of videos. Keep pushing Muzi🙏🔥 Keep pushing more of this education
Schools won't teach u to be clever. Banks take loan from reserve bank and the reserve bank is owned by the government. N schools also owned by the government. School won't teach u coz the government dont want u to be clever n u just pay something u dont understand.
Thanks for this valuable information Muzi, jus to share with 'the people'.. So last year when I signed up for a car loan my interest was at 9% and now with the repo rate going up so much I'm now at 11%. So I agree with you Muzi that the linked rate may proof costly in a long run.
Great educational video man in my last 4 cars, i have never paid a deposit, i have always had a balloon payment and i have sold/ traded them in and never had a shortfall. in 2 of them i actually got some change nyana. Lucky me i guess. Good job man, keep it up
Hay jonga I respect you when it comes to knowledge about cars. I only cared about outputs when it comes to cars. I have learnt a lot about cars in this channel.
Another issue around financing is Loan Amortization, which looks at the interest you pay vs the principal amount and how it influences the period at which you pay for your loan, interesting issue that one 😊
Thank God for mentioning Young Professionals Account. I was thinking about how people just don't know the benefits of using a black card from the banks however Muzi you should encourage people to use the money from those discounted interest rates to further build their wealth. Guys, if you happen to read this please take yourselves seriously and learn more about the benefits of using a black card and how one can use that to create wealth for themselves and their families.
Informative explanations in layman's terms. This is top tier useful information. I was about to ask about the missing humor until I got to the end of the video😅😅😅...
This is exactly the reason I subscribed to this chanel. Knowledge is power & I thank God for creating you Muzi, you really do your bid to empower your fellow brothers and sisters in Mzansi & the whole world. 🙏
Muzi, I thank God for your courage to inform us with these valuable principles. I now have a clear spectrum as to what to do with my car which am planning to sell or trade in soon. Thank you my brother for such dedicated good work. May the Almighty God continue to increase your knowledge beyond human comprehension.
Never take the fixed interest rate. You are most likely to pay more than with variable rate throughout your loan term. I bought a car 4 years ago, my fixed interest rate was 14% till today. The bank will establish the interest rate with a worse case scenario and end up with higher rates.
Some of the channels are okay. Some of the channels are good and some of them are epic finds. Your channel is an epic find, Muzi. I binge watch a bunch of your videos at a time. Keep them coming.
Easy, pay additional money everymonth to the bank. I paid off my car in 4 years instead of 6 years by paying extra money to the bank each month, even an extra R1000 helps.
Great quality content!! We really appreciate it hey ! All ir videos are definiTely worth a watch . You are really edicating the masses 🙏… may ir channel flourish and multiply
Heiii Bhut Muzi when you said "Some people are dumb they sign up for private banking but they don't know the benefits of having a black card "😂😂💔💔 Ngizwe ngathi ukhuluma nami coz i signed up for it not knowing the benefits. I was just happy ukuthi i qualify😂😂Eish💔💔
Muzi, I am a staunch follower of your car content. And I learn a lot from watching your videos. May you please check if it's possible that one can buy a car on finance using partners (wife or husband) credit score for financial assistance.
Where were you when I got my first car💔 Still got 7.5% (as a new borrower) at a variable rate but if I had your knowledge a year ago ? I Would’ve done so many thing differently. Thank you, now I have learnt what to do for my next one.
Valuable information👍🏽. Kindly please tell me the difference between the various VW Trendlines. I'm planning on buying my 1st car but needing more information in this regard. Thank you..
Young Professional accounts is what I also have. It was awesome using the private banker to assist me with banking. Just be careful to not take out debt like credit card/private loans and think that money is yours for mahala - you'll end-up in the debt trap that banking are trying to create. If you're smart, you can use it wisely to invest and take small amounts on the credit card so you can pay it back each month and earn more points to buy the luxuries or petrol etc.
So today I downgraded my SUV with a balloon of over 160K thanks to your channel. Also, when they asked me how much I wanted to pay per month I didn't answer the question directly, I just told them ukuthi if the deal, including my shortfall exceeds an x amount I won't take it. Hhaibo batatazela until I was sorted. kodwa ke ubuye wedelele wena. 😂
Hey Muzi, I quickly came back to tell a recent story, certain someone i know from home bought a car (CX5) and pay a deposit upfront, he actually paid R150k more to reduce the installment. yes he got lower interest rates and all that. Here is the interesting but sad part, in 4 days of owning a the car it was involved in an accident and was written off and yes the insurance covered everything, so the guy cried a lot but not because of the car was gone but because of the gone goner gonest R150k (his story highlight one of the few disadvantages of paying deposit upfront).
In cases like these the deposit helps in ensuring that you're not left with a shortfall after the insurer has paid up your claim. If it wasn't for the R150k deposit that person was gonna end up paying for a car he no longer has due to shortfall. A deposit is very important no matter how you look at it. It's only disadvantage is opportunity cost and liquidity.
@@MuziSambo Yah, kuraf out there, He said he had a shortfall cover from his insurer. i also advice him to check your channel for car advice going forward
You didn't indicate which one we should choose. I see from your past video's you prefer the variable interest rate. With recent events, I hope your tune has changed.
I just subscribed I love your videos they are very helpful cause I need to buy a car and I'm here just doing research lol where do you get all these cars!
Muzi you have no idea how valuable this information is especially for evarage person without exuberant budget. Your content is top notch bro👌🏾👏🏿💯🇿🇦
I was about to write the same thing. Muzi for President.
😂😂😂😂😂
Danko grootman🙏🏿🙏🏿🙏🏿🙏🏿
Muzi you're the plug 🔌 all the way from Namibia
Addicted to your content, with a zero bank balance. Not even planning to get a car in the near future, but it wise to be informed about stuff njerr, thank you for simplifying things
Yeah neh😂
Same here ❤️
That's me. Not even working atm. Just watching so I know the next reference for when I want to buy a car
Before I go buy a car , I must come here watch this video again...💯
Muzi, dude! Thank you so so much. I negotiated my interest rate using the tips you gave here and my interest rate was reduced by 1.75%! Do a livestream soon that allows for superchats so that we can send you cash, bruh.
Thank you bro, u just gave me the courage to let go of my baby who's very dear to my heart, my dream car, Mazda 3 2021. The repo rate hs hicked up my installment from 6 200 when I took it to a whooping 7 100 by the end of 2022 & it's more than I cn afford nw taking to account the other costs dt come wif de car. U hav really helped me to let go bcz holding on to it is just a huge financial suicide & also u hav helped wif options to move on to or consider when down grading. Ur channel is a life saver, very educational, thank u Muzi ur a life saver & I just love ur humor.
"like black card, black card makoya not the black card you get from that bank where you find people in a LONG queue going to 1 ATM" 😭😭😂😂😂💔
Brutal 😂😂😂😂
😆😆😆😆😆 funny
no banks mentioned.
😭😭😹😹😹
Thanks Bru. Literally recieved approval from bank this weekend for baleno gl. Will use this advice that salesman don't give you . Respect Chief
Muzi, I never skip the advertisements on your videos so that UA-cam can pay you 😊. Thank-you for the financial education about cars.
Muzi, can you please send me an email via: ayandambatha2@gmail.com
I would like to spread your content onto my LinkedIn page: www.linkedin.com/in/ayanda-moses-mbatha-experienced-mechanical-engineering-technologist
Thanks! Keep educating brother👏👏
Notification bell gang here!!
Love the fact that, not only do you do realistic, FAIR car reviews tailored for South Africans but you also do these car finance videos, these are things we should be taught in schools
Love these type of videos. Keep pushing Muzi🙏🔥 Keep pushing more of this education
Schools won't teach u to be clever. Banks take loan from reserve bank and the reserve bank is owned by the government. N schools also owned by the government. School won't teach u coz the government dont want u to be clever n u just pay something u dont understand.
Thanks for this valuable information Muzi, jus to share with 'the people'.. So last year when I signed up for a car loan my interest was at 9% and now with the repo rate going up so much I'm now at 11%. So I agree with you Muzi that the linked rate may proof costly in a long run.
I swear you explained those rates far much easier than how the banks would
They use financial terms when explaining
Mr Sambo, keep up the good work. This information you're providing us is extremely useful and interesting.
Great educational video man
in my last 4 cars, i have never paid a deposit, i have always had a balloon payment and i have sold/ traded them in and never had a shortfall. in 2 of them i actually got some change nyana. Lucky me i guess.
Good job man, keep it up
That’s interesting, but you are not lucky it’s probably because you had a good credit score, was your car financed and with what interest rate
Thanks
I'm way too knowledgeable now ..I can go claim to know more ...simply because of your Informative channel....
Hay jonga I respect you when it comes to knowledge about cars. I only cared about outputs when it comes to cars. I have learnt a lot about cars in this channel.
Man this guy is so helpful. Im buying my second car and this time its financed, there's so much to learn from this Gentlebrother
Another issue around financing is Loan Amortization, which looks at the interest you pay vs the principal amount and how it influences the period at which you pay for your loan, interesting issue that one 😊
Can you please explain in a simple way.
Thank God for mentioning Young Professionals Account. I was thinking about how people just don't know the benefits of using a black card from the banks however Muzi you should encourage people to use the money from those discounted interest rates to further build their wealth. Guys, if you happen to read this please take yourselves seriously and learn more about the benefits of using a black card and how one can use that to create wealth for themselves and their families.
U giving us content we never knew we needed ❤️🔥🔥🔥😅
A whole accounting lesson 😭😭
Dankie dankie
Informative explanations in layman's terms. This is top tier useful information. I was about to ask about the missing humor until I got to the end of the video😅😅😅...
This is exactly the reason I subscribed to this chanel. Knowledge is power & I thank God for creating you Muzi, you really do your bid to empower your fellow brothers and sisters in Mzansi & the whole world. 🙏
Muzi, I thank God for your courage to inform us with these valuable principles. I now have a clear spectrum as to what to do with my car which am planning to sell or trade in soon. Thank you my brother for such dedicated good work. May the Almighty God continue to increase your knowledge beyond human comprehension.
Never take the fixed interest rate. You are most likely to pay more than with variable rate throughout your loan term. I bought a car 4 years ago, my fixed interest rate was 14% till today. The bank will establish the interest rate with a worse case scenario and end up with higher rates.
Will one be wrong to call Muzi the Goat South African Car reviewer in simple and understandable language? Salute
Some of the channels are okay. Some of the channels are good and some of them are epic finds. Your channel is an epic find, Muzi. I binge watch a bunch of your videos at a time. Keep them coming.
i never comment on YT videos but this one i had to. thanks, very straightforward and informational!
Very informative..You trully are heaven sent and 🥂 for the 60K milestone.
Very informative as always...buh please😭😭😭😭leave capitec alone😅😂.....
Content after content after content, simplified yet invaluable ahhh mchana you killing it.
Can you make a video as to how a person can try to pay off a car loan faster eg.2 years instead of 5 or6
We are waiting anxiously
Easy, pay additional money everymonth to the bank. I paid off my car in 4 years instead of 6 years by paying extra money to the bank each month, even an extra R1000 helps.
You have taught me more practical things than our useless school system
I am so grateful for this channel, like where would I be without your insight Mizo?!🤗
Finally you are not behind the camera🤟😄.. we thank you for the financial advice 🙏
Thanks for this information bro.... I wish someone could have schooled me on my earlier years on financial education
this guy is a superhero yoh!! educate us Muzi educate us!!
This is commendable I have learnt alot from this clip I feel like to visit a dealer just for practicality.
You're hitting those subs because you're doing good work brother... hats off to you 👏
Great quality content!!
We really appreciate it hey ! All ir videos are definiTely worth a watch . You are really edicating the masses 🙏… may ir channel flourish and multiply
I didn't know anything about repo rate and prime lending rate. Now I understand clearly what they mean.
Nice one Muzi, finally a local explaining how rates work. Keep it up!
How i wish I came across your channel before I bought a car, because wow, the banks did the most 😢
Danko! Congratulations on your 60k milestone!!🥳🥳🥳🥳
Heiii Bhut Muzi when you said "Some people are dumb they sign up for private banking but they don't know the benefits of having a black card "😂😂💔💔 Ngizwe ngathi ukhuluma nami coz i signed up for it not knowing the benefits. I was just happy ukuthi i qualify😂😂Eish💔💔
You can't know everything in life but the fact that you qualify for private banking means you’re doing very well😁😉
Muzi, I am a staunch follower of your car content.
And I learn a lot from watching your videos.
May you please check if it's possible that one can buy a car on finance using partners (wife or husband) credit score for financial assistance.
Happy to be part of the 60k team 🏁...
Best YT channel. Keep it up
Is it just me or does mr Sambo look like daliwonga😅🤷. Otherwise very valuable info🙋🙋🙌🙌👏👏🤝
Gcwala sgebengu,big up for 60k & may it go up strong.Thanks for the info
cos now im out of the jungle.Ola
Doing the lords work 🙌
Very informative video. Thanx for sharing and congrats on 60k. 100k coming soon 🤞🤞
Well done on 60k subscribers 🎉and thank you for your time and effort
Where were you when I got my first car💔 Still got 7.5% (as a new borrower) at a variable rate but if I had your knowledge a year ago ? I Would’ve done so many thing differently. Thank you, now I have learnt what to do for my next one.
Valuable information👍🏽. Kindly please tell me the difference between the various VW Trendlines. I'm planning on buying my 1st car but needing more information in this regard. Thank you..
I feel ready to buy car🙌🏾 Mara now I just need the money🤣😂
I'm only seeing this very important video now. Thank you Muzi, this was very informative.
Muzi Sambo is a BMW fAN boy... If he was not money Smart ngabe le'Video ishawe kwi 3 SERIES 😂😂...✊ SALUTE brazo
Congratulations on the 60K 🥳🥳🥳🥳
It feels weird now that I see your face😂😁🔥but content is great still
Higher grade stuff👍,
Thanks for making it easier to digest for the average person bro
Young Professional accounts is what I also have. It was awesome using the private banker to assist me with banking. Just be careful to not take out debt like credit card/private loans and think that money is yours for mahala - you'll end-up in the debt trap that banking are trying to create. If you're smart, you can use it wisely to invest and take small amounts on the credit card so you can pay it back each month and earn more points to buy the luxuries or petrol etc.
Which professional account are you using?
9:09 not the long queue gang catching strays 🤣🤣🤣
Watching your program a while now Ntwana.. Just subscribed.. Enkosi Bawo for valuable information
I opted for fixed rate last year on my tsi dsg ,anticipating recession in future
Congratulations 🎉 on 60 K followers I love your content🤞 share the title of the background sound phela Musa 😜
The way you speak finances, one would swear you are an accountant not a doctor...🤞🤞 😂😂
Otherwise thanks for a deep info.... 👏👏
60k halala🙌🏽🙌🏽. keep it Muzi🎈🎊
Wayichaza kahle lentfo bhuti, sivile, thanks bro.
Valuable information. Thank you so much.
Muzi is not just a beautiful humorous voice behind these videos, but good looking too 😍
Ngikwatile kutsi udlala iXBOX anyways asikho lapho 🤣😂 thanks for the info bro, very much appreciated 😉
Xbox is life but asphume lapho😏
Mr Sambo thank you for your content, I'm your new follower recently watched almost all your videos.
So today I downgraded my SUV with a balloon of over 160K thanks to your channel. Also, when they asked me how much I wanted to pay per month I didn't answer the question directly, I just told them ukuthi if the deal, including my shortfall exceeds an x amount I won't take it. Hhaibo batatazela until I was sorted. kodwa ke ubuye wedelele wena. 😂
*The SUV had a balloon of over 160K.
🙌I love to see my people winning💪 Usebenzile Mwelase....as for ukudelela, as'phume lapho🤗😁
Hey Muzi, I quickly came back to tell a recent story, certain someone i know from home bought a car (CX5) and pay a deposit upfront, he actually paid R150k more to reduce the installment. yes he got lower interest rates and all that. Here is the interesting but sad part, in 4 days of owning a the car it was involved in an accident and was written off and yes the insurance covered everything, so the guy cried a lot but not because of the car was gone but because of the gone goner gonest R150k (his story highlight one of the few disadvantages of paying deposit upfront).
In cases like these the deposit helps in ensuring that you're not left with a shortfall after the insurer has paid up your claim. If it wasn't for the R150k deposit that person was gonna end up paying for a car he no longer has due to shortfall.
A deposit is very important no matter how you look at it. It's only disadvantage is opportunity cost and liquidity.
@@MuziSambo Yah, kuraf out there, He said he had a shortfall cover from his insurer. i also advice him to check your channel for car advice going forward
@@MuziSambo There is also shortfall insurance offered by the innovation group from Nedbank.
Danko!!! Congratulations on hitting 60k🥳🥳🥳
Weird seeing ur face, you are so chilled…thought you were always bashing-I miss understood ur tone 🙊😹😹😹😹
We have our very own minister of finance here💯👌
That Cladding on your wall Yenza 1 grootman👊👊
Make a video of how to buy a car cash 🥺
Keep up the great content Muzi, always look forward to new content uploaded unto your channel.
Veeery useful, straight to business I've learnt a lot in under 10 mins. Danko🤟🤟
Nice one mate. Key information ‼️😎
Very informative video Muzi! Thank you 🙏🏿 keep them coming!🥂
Dankoo means thank you. 🗣Po Poo Pooo🥳🥳
Still waiting for Avanza review🙏, thank you in advance👏👏
Sure Muzu, ngise Pmb ngidinga ukuthenga ibakkie single cab ngoDecember ngine budget ya R 190 000 ngicela ungisize
You didn't indicate which one we should choose. I see from your past video's you prefer the variable interest rate. With recent events, I hope your tune has changed.
For me a variable interest rate is still the way to go but you have to understand and know exactly what you're doing.
well done on reaching 60k subbies!!!🎉🥰
Why can't reserve bank directly lend us money on that 5.5% I think we were gonna save a lot of money. Banks are ripping us off. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Thank you for such informative content brother 🙌🏾🙌🏾🙌🏾🙏🏾
Great stuff nwana-madala. Would love to be educated about personal loans too.
I just subscribed I love your videos they are very helpful cause I need to buy a car and I'm here just doing research lol where do you get all these cars!
Your videos are very informative, bro big up! 🙏. Could you please do a cost of ownership for a polo vivo GT.
Thanks for this lesson , it helped a lot
Yoh your content is very helpful. Here taking notes
You are very informative and funny , 10/10
Thanks a lot Mr Sambo. Appreciated.
I enjoy your information. Top dawg !
Cool shirt
Hi Muzi, can you please cover the topic of purchasing a car at an auction.
My mother wants to buy the 2019 kia seltos but she doesn't know much about it please do a review of it