Interest Rates on car loans - (Fixed and variable)

  Рет қаралды 78,677

Muzi Sambo

Muzi Sambo

Жыл бұрын

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.

Пікірлер: 286
@caiphus321
@caiphus321 Жыл бұрын
Muzi you have no idea how valuable this information is especially for evarage person without exuberant budget. Your content is top notch bro👌🏾👏🏿💯🇿🇦
@phelelomgolodela5501
@phelelomgolodela5501 Жыл бұрын
I was about to write the same thing. Muzi for President.
@Naledi_B
@Naledi_B Жыл бұрын
😂😂😂😂😂
@ngoakomachaba897
@ngoakomachaba897 Жыл бұрын
Danko grootman🙏🏿🙏🏿🙏🏿🙏🏿
@thatvillageguy5323
@thatvillageguy5323 Жыл бұрын
Muzi you're the plug 🔌 all the way from Namibia
@missd3668
@missd3668 Жыл бұрын
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
@shitenda769
@shitenda769 Жыл бұрын
Yeah neh😂
@sandilengiba3137
@sandilengiba3137 Жыл бұрын
Same here ❤️
@charmainephasoana6850
@charmainephasoana6850 Жыл бұрын
That's me. Not even working atm. Just watching so I know the next reference for when I want to buy a car
@rantshanayamalatji1549
@rantshanayamalatji1549 Жыл бұрын
"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" 😭😭😂😂😂💔
@tshepisoluciamekgoe9492
@tshepisoluciamekgoe9492 Жыл бұрын
Brutal 😂😂😂😂
@sigondemedia6193
@sigondemedia6193 Жыл бұрын
😆😆😆😆😆 funny
@mwanzie
@mwanzie Жыл бұрын
no banks mentioned.
@zukiswamadlavini4178
@zukiswamadlavini4178 Жыл бұрын
😭😭😹😹😹
@hopettmac2702
@hopettmac2702 Жыл бұрын
Before I go buy a car , I must come here watch this video again...💯
@SteppingOut957
@SteppingOut957 Жыл бұрын
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.
@sibonemtyobile
@sibonemtyobile Жыл бұрын
Thanks! Keep educating brother👏👏
@oomstu
@oomstu Жыл бұрын
Nice one Muzi, finally a local explaining how rates work. Keep it up!
@awelanimulaudzi1076
@awelanimulaudzi1076 Жыл бұрын
Happy to be part of the 60k team 🏁... Best YT channel. Keep it up
@makhosazanasibeko9666
@makhosazanasibeko9666 Жыл бұрын
Well done on 60k subscribers 🎉and thank you for your time and effort
@Koup_TV_
@Koup_TV_ Жыл бұрын
You're hitting those subs because you're doing good work brother... hats off to you 👏
@geoffreylesetjaratlou1700
@geoffreylesetjaratlou1700 Жыл бұрын
Content after content after content, simplified yet invaluable ahhh mchana you killing it.
@seipatimotholo7461
@seipatimotholo7461 Жыл бұрын
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.
@sanelisiweprincessmsabala5760
@sanelisiweprincessmsabala5760 Жыл бұрын
Danko! Congratulations on your 60k milestone!!🥳🥳🥳🥳
@njabulo9mpanza670
@njabulo9mpanza670 Жыл бұрын
Mr Sambo thank you for your content, I'm your new follower recently watched almost all your videos.
@mmatelemametja2532
@mmatelemametja2532 Жыл бұрын
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
@abdeshpa
@abdeshpa Жыл бұрын
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.
@Marvin_Shandy
@Marvin_Shandy Жыл бұрын
This is commendable I have learnt alot from this clip I feel like to visit a dealer just for practicality.
@anesiphoposwa14
@anesiphoposwa14 Жыл бұрын
Very informative video Muzi! Thank you 🙏🏿 keep them coming!🥂
@deepsport5559
@deepsport5559 Жыл бұрын
Thanks Bru. Literally recieved approval from bank this weekend for baleno gl. Will use this advice that salesman don't give you . Respect Chief
@siya8993
@siya8993 Жыл бұрын
Higher grade stuff👍, Thanks for making it easier to digest for the average person bro
@reagang8038
@reagang8038 Жыл бұрын
Very informative video. Thanx for sharing and congrats on 60k. 100k coming soon 🤞🤞
@ntokozompofu8806
@ntokozompofu8806 Жыл бұрын
I am so grateful for this channel, like where would I be without your insight Mizo?!🤗
@abigailntlola5138
@abigailntlola5138 Жыл бұрын
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. 🙏
@conquer7259
@conquer7259 Жыл бұрын
Thanks
@theboyleigh
@theboyleigh Жыл бұрын
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
@siyabongabuthelezi4962
@siyabongabuthelezi4962 Жыл бұрын
Finally you are not behind the camera🤟😄.. we thank you for the financial advice 🙏
@samkelisiwezibi5693
@samkelisiwezibi5693 Жыл бұрын
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.
@eunitysinhle6757
@eunitysinhle6757 Жыл бұрын
Mr Sambo, keep up the good work. This information you're providing us is extremely useful and interesting.
@gugubuthelezi781
@gugubuthelezi781 Жыл бұрын
Very informative..You trully are heaven sent and 🥂 for the 60K milestone.
@msingathimagwaxaza4674
@msingathimagwaxaza4674 Жыл бұрын
I'm only seeing this very important video now. Thank you Muzi, this was very informative.
@bright6476
@bright6476 Жыл бұрын
U giving us content we never knew we needed ❤️🔥🔥🔥😅
@mosesngobeni4740
@mosesngobeni4740 Жыл бұрын
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😅😅😅...
@ayandambatha6516
@ayandambatha6516 Жыл бұрын
Muzi, I never skip the advertisements on your videos so that KZfaq can pay you 😊. Thank-you for the financial education about cars.
@ayandambatha6516
@ayandambatha6516 Жыл бұрын
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
@abegailsibutha4468
@abegailsibutha4468 Жыл бұрын
Keep up the great content Muzi, always look forward to new content uploaded unto your channel.
@tokelosewes2391
@tokelosewes2391 Жыл бұрын
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.
@danielbokaba4197
@danielbokaba4197 Жыл бұрын
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.
@alizwasiphunzi767
@alizwasiphunzi767 Жыл бұрын
Danko!!! Congratulations on hitting 60k🥳🥳🥳
@AmandaB.
@AmandaB. Жыл бұрын
Thank you for such informative content brother 🙌🏾🙌🏾🙌🏾🙏🏾
@Driversguide
@Driversguide Жыл бұрын
I'm way too knowledgeable now ..I can go claim to know more ...simply because of your Informative channel....
@mthokozisimyende787
@mthokozisimyende787 Жыл бұрын
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
@Sam-fy6gu
@Sam-fy6gu Жыл бұрын
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.
@boikanonkadimeng1115
@boikanonkadimeng1115 Жыл бұрын
A whole accounting lesson 😭😭 Dankie dankie
@gugukhoza3110
@gugukhoza3110 Жыл бұрын
well done on reaching 60k subbies!!!🎉🥰
@EarthSettler
@EarthSettler Жыл бұрын
Thank you Muzi, This great and useful content.
@nhlapom
@nhlapom Жыл бұрын
I enjoy your information. Top dawg !
@nhlalukonkovani9738
@nhlalukonkovani9738 Жыл бұрын
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.
@feliciangema826
@feliciangema826 Жыл бұрын
Valuable information. Thank you so much.
@bongimabaso1534
@bongimabaso1534 Жыл бұрын
Congratulations on the 60K 🥳🥳🥳🥳
@pulelepitla1127
@pulelepitla1127 Жыл бұрын
Thanks for this information bro.... I wish someone could have schooled me on my earlier years on financial education
@gadgetberry3185
@gadgetberry3185 Жыл бұрын
Veeery useful, straight to business I've learnt a lot in under 10 mins. Danko🤟🤟
@harrisngwenya4120
@harrisngwenya4120 Жыл бұрын
Wayichaza kahle lentfo bhuti, sivile, thanks bro.
@sisimazwi1890
@sisimazwi1890 Жыл бұрын
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.
@manyamaminky2306
@manyamaminky2306 Жыл бұрын
Yoh your content is very helpful. Here taking notes
@weggzj6047
@weggzj6047 Жыл бұрын
this guy is a superhero yoh!! educate us Muzi educate us!!
@ephraimraselomane2036
@ephraimraselomane2036 Жыл бұрын
I like your videos men very informative thank you.
@khathuoncars
@khathuoncars Жыл бұрын
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
@mrsspringbok
@mrsspringbok Жыл бұрын
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
@antonynkuna1078
@antonynkuna1078 Жыл бұрын
Thanks for this lesson , it helped a lot
@williemongo261
@williemongo261 Жыл бұрын
Watching your program a while now Ntwana.. Just subscribed.. Enkosi Bawo for valuable information
@ayandalokwe5238
@ayandalokwe5238 Жыл бұрын
Thanks a lot Mr Sambo. Appreciated.
@TorqueDriven
@TorqueDriven Жыл бұрын
Nice one mate. Key information ‼️😎
@molokowalter6581
@molokowalter6581 Жыл бұрын
Thank you for this vital information 🙏 😊
@kavsurjoo
@kavsurjoo Жыл бұрын
You are very informative and funny , 10/10
@sandeiliamcquibless5847
@sandeiliamcquibless5847 10 ай бұрын
Gcwala sgebengu,big up for 60k & may it go up strong.Thanks for the info cos now im out of the jungle.Ola
@kgalalelodire160
@kgalalelodire160 Жыл бұрын
I swear you explained those rates far much easier than how the banks would
@sisimazwi1890
@sisimazwi1890 Жыл бұрын
They use financial terms when explaining
@ManlikeRalph
@ManlikeRalph Жыл бұрын
Very informative as always...buh please😭😭😭😭leave capitec alone😅😂.....
@lungilemadonsela1291
@lungilemadonsela1291 Жыл бұрын
Congratulations 🎉 on 60 K followers I love your content🤞 share the title of the background sound phela Musa 😜
@wakandaforever660
@wakandaforever660 Жыл бұрын
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!
@dubebhekani58
@dubebhekani58 Жыл бұрын
Great content my g 👊
@naksonmashaba3766
@naksonmashaba3766 Жыл бұрын
Great stuff nwana-madala. Would love to be educated about personal loans too.
@sigondemedia6193
@sigondemedia6193 Жыл бұрын
Will one be wrong to call Muzi the Goat South African Car reviewer in simple and understandable language? Salute
@thabondiya8008
@thabondiya8008 Жыл бұрын
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 😊
@lonwabomsingelwa8833
@lonwabomsingelwa8833 Жыл бұрын
Can you please explain in a simple way.
@kbgp4826
@kbgp4826 Жыл бұрын
wow this is some well needed information,
@tshepisoluciamekgoe9492
@tshepisoluciamekgoe9492 Жыл бұрын
Doing the lords work 🙌
@inganogoduka2281
@inganogoduka2281 Жыл бұрын
Your videos are very informative, bro big up! 🙏. Could you please do a cost of ownership for a polo vivo GT.
@kgaugelojoshua2258
@kgaugelojoshua2258 Жыл бұрын
Dankoo means thank you. 🗣Po Poo Pooo🥳🥳 Still waiting for Avanza review🙏, thank you in advance👏👏
@siyabongamncwango8
@siyabongamncwango8 Жыл бұрын
Thanks bro for your information
@itumelengmahaole5890
@itumelengmahaole5890 Жыл бұрын
Solid information bro 👌🏾👌🏾👌🏾
@bokangfobo7285
@bokangfobo7285 Жыл бұрын
Congrats boyyy 60K
@mephokazibhengu7499
@mephokazibhengu7499 Жыл бұрын
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.
@InnocentiaToomar
@InnocentiaToomar Жыл бұрын
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..
@mapatomothapo5891
@mapatomothapo5891 Жыл бұрын
I didn't know anything about repo rate and prime lending rate. Now I understand clearly what they mean.
@tshepisocliford7469
@tshepisocliford7469 Жыл бұрын
Great content 👌
@vhakisa
@vhakisa Жыл бұрын
Great informative info bro🙃🙂
@Ricardo-kv5tk
@Ricardo-kv5tk Жыл бұрын
You have taught me more practical things than our useless school system
@charlesmatthews8056
@charlesmatthews8056 Жыл бұрын
Great content 👌 👏 👍
@khomotsomarvinmokumo3471
@khomotsomarvinmokumo3471 Жыл бұрын
I opted for fixed rate last year on my tsi dsg ,anticipating recession in future
@ayandalennox3052
@ayandalennox3052 Жыл бұрын
5 star content 🌟
@SiyaXulu
@SiyaXulu 9 ай бұрын
Quality Content!👏
@ciyavinc7184
@ciyavinc7184 Жыл бұрын
That Cladding on your wall Yenza 1 grootman👊👊
@sizwehlongwane4791
@sizwehlongwane4791 Жыл бұрын
Thanks Mr Sambo🙏
@JustKat07
@JustKat07 Жыл бұрын
I feel ready to buy car🙌🏾 Mara now I just need the money🤣😂
@siyathandwa_says
@siyathandwa_says Жыл бұрын
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
@tirelomphahlele9070
@tirelomphahlele9070 Жыл бұрын
We are waiting anxiously
@motso1668
@motso1668 Жыл бұрын
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.
@luxolomdizo
@luxolomdizo Жыл бұрын
It feels weird now that I see your face😂😁🔥but content is great still
@molobelalesedi
@molobelalesedi 6 ай бұрын
9:09 not the long queue gang catching strays 🤣🤣🤣
@FlyingSparrow001
@FlyingSparrow001 Жыл бұрын
Informative 👏
@siyanaysion
@siyanaysion Жыл бұрын
😂😂😂I like your Jabs Jose’s asikho lapho
@mrsspringbok
@mrsspringbok Жыл бұрын
Thanks for info
@nelson1174
@nelson1174 4 ай бұрын
Good content bro
@Chestrogaming
@Chestrogaming Жыл бұрын
I like before I watch🔥
@MrMoreki
@MrMoreki Жыл бұрын
Muzi is not just a beautiful humorous voice behind these videos, but good looking too 😍
@mlulekideandladla
@mlulekideandladla Жыл бұрын
Informative
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