Can’t make car repayments? Here are your options
Vehicle repossessions are expected to rise once the lockdown lifts, but banks provide some leeway
With the loss of jobs and income caused by the Covid-19 lockdown, many people face the prospect of not being able to make their car repayments.
A number of banks have implemented payment relief on financed vehicles to temporarily take the pressure off clients. However, financial potholes may lie in wait further down the road, with the pandemic expected to peak only in August or September, according to some reports...