TCOB: Standard Bank records an increase in consumers using balloon payments
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A 3rd of Standard Bank’s customers looking to buy a car have opted to include the maximum balloon payment in the past 12 months as South Africans continue to struggle with affordability as a result of high interest rates.
Wandile Mazibuko spoke to Mothusi Dire, who is the Head, Dealer Sales and Market, Non-Metro at Standard Bank South Africa for more on this data and its significance in consumer behaviour.
Wandile Mazibuko spoke to Mothusi Dire, who is the Head, Dealer Sales and Market, Non-Metro at Standard Bank South Africa for more on this data and its significance in consumer behaviour.
