"It makes more sense to pay extra into the car, as the interest saved is significant. Plus, when the car is paid, if you invest R7 000 for 30 months at just 5%, you will save R224 125.07. Also, remember your R36 355.53 interest saved by paying the car off early,” advises Mwandiambira. Save more money by saving on your car insurance. CLICK BELOW to compare car insurance quotes across a variety of providers.
“You will be financially secure in just two and a half years, creating wealth,” says Mwandiambira.