Streaming issues? Report here
John Maytham 2019 1500 BW John Maytham 2019 1500 BW
Afternoon Drive with John Maytham
15:00 - 18:00
volume_up
volume_mute

Up Next: The Money Show with Bruce Whitfield
See full line-up
Afternoon Drive with John Maytham
15:00 - 18:00

Home
arrow_forward
Business

Read your documents before you sign the deal on your car or house!

19 February 2020 7:46 PM
Tags:
Wendy Knowler
dealership
Knowler Knows Consumer Talk
new car
Wendy Knowler, consumer journalist, on the importance of carefully reading your documents when you buy assets.

When you buy a car from a dealership, no matter how reputable, make sure of the facts stated on your documents.

You may think you're buying a 2015 demo model but you may be in for a nasty surprise.

Wendy Knowler, consumer journalist, has a few examples of lessons learnt the hard way.

When you're buying a car you must really look at over how many months you're going to be paying - if the year model is correctly captured, what the extras are, what you are going to be paying. Interrogate the on-the-road-fee, the licencing fees.

Wendy Knowler, consumer journalist

Today's case - this was the first case I have seen. The car, a new bakkie, was financed over 96 months - that's eight years! We both know what can happen in eight years - say it gets repossessed. How many years will you still be paying the bank?

Wendy Knowler, consumer journalist

Today's case is about somebody who was told the car is a demo model - a 2015 Polo. He recently sold that car to a private person as a 2015 model - and shortly afterwards the buyer phoned him very upset to say that the latest documents put the car down as a 2014 model - and threatened to sue him for the difference in value.

Wendy Knowler, consumer journalist

Do not feel pressurised to sign, take your time to go through the documentation.

Wendy Knowler, consumer journalist
pixabay.com, 2019

Listen to the full story of the vehicle buyer's woes, by clicking the sound clip below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Read your documents before you sign the deal on your car or house!


19 February 2020 7:46 PM
Tags:
Wendy Knowler
dealership
Knowler Knows Consumer Talk
new car

Recommended

More from ConsumerTalk with Wendy Knowler

Loan lending

Payment holidays from the banks - can they be trusted?

25 March 2020 7:57 PM

Consumer Ninja, Wendy Knowler, on payment holidays from banks in which you get a break from interest and repayment of debt.

Share this:
Read More arrow_forward

consumer-talk-thumbnailjpg

When the coronavirus default tsunami hits, how will banks respond?

18 March 2020 8:03 PM

This edition of Consumer Corner looks at how lay-offs, closures and quarantine will impact people's income and ability to repay debt.

Share this:
Read More arrow_forward

bank-card-cash-money-walletjpeg

Covid-19 cancellations: A blanket 'no refunds' policy is against the law - Ombud

18 March 2020 6:12 PM

The Consumer Goods and Services Ombudsman says the Covid-19 pandemic should force suppliers to review their cancellation policies.

Share this:
Read More arrow_forward

insurance-balancejpeg

Sudden cancellation of life and illness policies - consumer warrior advice

11 March 2020 8:07 PM

Wendy Knowler, consumer Ninja, has a horror story about insurance policies being cancelled - by sms.

Share this:
Read More arrow_forward

girl-teenager-flight-plane-airline-flight-travel-tourism-youth-gap-year-123rf

Emirates dodges pressing questions about CT teen's harassment ordeal on flight

11 March 2020 3:23 PM

Emirates was asked detailed questions about their protocols following a case of attempted sexual assault on one of their flights last week.

Share this:
Read More arrow_forward

Man travel airport boarding pass passport #123rflifestyle 123rf

#COVID19: These airlines will let you change or cancel flight bookings for free

11 March 2020 2:23 PM

As the coronavirus continues to impact global travel, some international airlines are now offering free cancellation or flight changes.

Share this:
Read More arrow_forward

scam-fraud--

Telkom directory used to dupe small business owners

4 March 2020 7:54 PM

Hundreds of small businesses which fell prey to a phone directory listings scam, should relax and read here.

Share this:
Read More arrow_forward

luggage-holiday-travel-suitcase-airport-free-image-pixabay-933487-960-720webp

COVID-19: School tours, global conferences and family holidays up in the air

4 March 2020 4:29 PM

Consumers with international travel plans this year are facing high levels of anxiety as the coronavirus spreads across the world.

Share this:
Read More arrow_forward

online-shopper-laptop-digital-transaction-free-image-pexelsjpg

Wait - why did that debit order go off so early?

26 February 2020 8:26 PM

Wendy Knowler, consumer journalist, on Nedbank's early debit orders.

Share this:
Read More arrow_forward

singapore.jpg

Singapore Airlines refusing to refund SA man's flights amid coronavirus outbreak

26 February 2020 4:12 PM

A South African man has slammed airlines that refuse to issue penalty-free refunds in destinations hit by the coronavirus outbreak.

Share this:
Read More arrow_forward

More from Good to Know with Wendy Knowler

consumer-talk-thumbnailjpg

When the coronavirus default tsunami hits, how will banks respond?

18 March 2020 8:03 PM

This edition of Consumer Corner looks at how lay-offs, closures and quarantine will impact people's income and ability to repay debt.

Share this:
Read More arrow_forward

insurance-balancejpeg

Sudden cancellation of life and illness policies - consumer warrior advice

11 March 2020 8:07 PM

Wendy Knowler, consumer Ninja, has a horror story about insurance policies being cancelled - by sms.

Share this:
Read More arrow_forward

scam-fraud--

Telkom directory used to dupe small business owners

4 March 2020 7:54 PM

Hundreds of small businesses which fell prey to a phone directory listings scam, should relax and read here.

Share this:
Read More arrow_forward

online-shopper-laptop-digital-transaction-free-image-pexelsjpg

Wait - why did that debit order go off so early?

26 February 2020 8:26 PM

Wendy Knowler, consumer journalist, on Nedbank's early debit orders.

Share this:
Read More arrow_forward

181123BlackFriday171

Only Germans take Black Friday more seriously than South Africans

28 November 2019 3:52 PM

In South Africa, Black Friday has become a spend-fest of epic proportions, says consumer journalist Wendy Knowler.

Share this:
Read More arrow_forward

180831-old-mutual-edjpg

We paid before the family arrived with the body – Old Mutual

21 November 2019 9:25 AM

Consumer journalist Wendy Knowler investigates after a poor family’s desperation to get a claim paid made headlines.

Share this:
Read More arrow_forward

Phone

Can’t find your phone? Drop everything – thieves can get into your banking app!

14 November 2019 10:55 AM

Did someone steal your phone? Contact your bank without hesitation warns consumer journalist Wendy Knowler.

Share this:
Read More arrow_forward

Oops mistake

If you make a mistake when transferring money (EFT) you don’t get it back easily

31 October 2019 1:13 PM

Made a mistake when paying by EFT? You're going to battle to get your money back, warns consumer journalist Wendy Knowler.

Share this:
Read More arrow_forward

Visa

Travelling overseas? It’s becoming vital to get 'visa denial insurance'

24 October 2019 1:55 PM

Consumer journalist Wendy Knowler explains how to get reimbursed if you can’t travel after a failed visa application.

Share this:
Read More arrow_forward

cards

Are 'tap and go' cards safe? Maybe, suggests this case involving Standard Bank

18 October 2019 10:23 AM

Handsfree pickpocketing is a myth, says consumer journalist Wendy Knowler. But risks remain, suggests a case she took on.

Share this:
Read More arrow_forward