wesbank

Most cars are depreciating assets, this means that the value of your car is likely to decrease the longer you own it, and the more you drive it. However, there are ways to prevent its value from decreasing more than absolutely necessary. In this article, WesBank highlights some of the key factors that affect the resale value of cars with the aim of helping you get the best value when the time comes to sell or trade yours in. Before we look at the factors more closely, it is important to … [Read more...] about Factors that impact the resale value of your car

Important elements to consider after minor accidents occur It doesn’t matter how old, experienced or how careful you think you are; car accidents can happen to anyone. The important thing is that you know what to do if it happens to you, and how to be prepared for subsequent insurance claims and paperwork. Reporting a minor accident is now an easier and a less daunting experience than it previously was. Motorists can now report minor accidents and obtain a case number online and free of … [Read more...] about Simplifying the process of reporting minor accidents

The recent petrol hike marks the eighth official increase for South Africans this year. Unfortunately, petrol hikes are beyond our control, but one thing consumers can consider is buying a fuel-efficient vehicle as a means to save money. Practicing good driving habits is another. The upcoming five-day WesBank Fuel Economy Tour, in partnership with FNB, will provide motorists with definitive car fuel consumption figures amongst a selection of car brands, as well as recommended travelling … [Read more...] about How to get more from your fuel tank

Getting out of debt is difficult, but not impossible - you need a strategy. Wesbank breaks the debt review process down into three stages - Assessment, Application, Action. Here we discuss ‘Action’ - How to put your debt review plan into action and achieve your goals. What documentation do you need to apply for debt review? The first step in the debt review application process is an income and expenditure assessment. Your debt counsellor will need to see your pay slip or bank statement … [Read more...] about How to put your debt review plan into action and achieve your goals

As load shedding rocked consumer and business confidence in February, new vehicle sales continued to shed volume. Industry sales declined 3,016 units compared to February 2018 according to the National Automobile Association of South Africa (Naamsa). New vehicle sales ended the month on 43,251 units, 6.5% down on the same month last year. “While we expect first half sales to be slow, the market was no doubt rattled by the week-long impact of load-shedding at the beginning of the month, which … [Read more...] about Loadshedding Blamed for Poor Vehicle Sales

Many South African motorists who are feeling the burden of inflation, soaring fuel prices, the recent repo rate hike and last year’s VAT increase are now considering moving into more cost-effective cars. A simple switch from an expensive gas guzzler to an affordable runabout might seem like a wise move, but the transition alone can be costly and there’s certainly an optimum time to trade in a car that motorists should bear in mind. Lower monthly repayments and fuel bills will ease the … [Read more...] about Trading down could cost more

After a long year of employment obligations, family responsibilities and the likes, time away to relax and have fun is a definite must do at the end of the year. This is precisely why many families plan vacations which are meant to give everyone a break from it all. Most of us are already geared up to travel to our hometowns or booked destinations. But travelling, especially during the holiday season, comes with its own pros and cons. With the majority of people … [Read more...] about Holiday safety tips