DStv Channel 403 Saturday, 21 September 2024

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SA motorists struggle to repay vehicle loans

JOHANNESBURG - Consumers have been urged to know their rights when it comes to vehicle repossession.

High interest rates have left many struggling to pay the instalments on their car loans, leading to repossession.

READ: New vehicle sales up by 14%

The first quarter of 2023 saw an increase of four percent increase in owners defaulting on their repayments.

Watch the video above for more details on this story.

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