Posted on 29-04-2014
Filed Under (Industry News) by Chloe Davies


Johannesburg – The exchange rate has pushed up the price of new vehicles, opening up the gap between the prices of new and used cars, which, coupled with uncertainty around the interest rates, means buyers are starting to find better value in the used-car market.

This, combined with higher living costs, means that WesBank this year anticipates an increased demand for used cars. Pre-owned vehicles can not only be more affordable, but may also offer better value for money.

Here is some advice from WesBank’s experienced team.

One of the most important things to keep in mind when considering a used car is its history, including:

– The number of previous owners.

– Total mileage.

– Vehicle age.

– A possible accident history.

– The service history of the car, as documented in service manuals.

Any combination of age, mileage, service history and ownership history can affect the price of a used vehicle.

For instance, a one-owner car that is two years old and has done only 20 000km, with a full service history, is worth more than a similar car with no service history.

It is advisable to always do business with a reputable, approved dealer – one that has RMI membership and is bank-approved – as it may be in a better position to help obtain details on the vehicle’s history.


A car that is advertised at a price well below its market value is another possible warning sign. A car that costs significantly less than similar models could indicate anything from extremely high mileage relative to the year model, previous accident damage or a history of serious mechanical problems.

Buyers should exercise extreme caution when confronted with a vehicle that is listed as Code 3. This is an insurance term used to denote a vehicle that is “permanently unfit for use” or alternatively a car that has been stolen and recovered. Regardless of the reason for the car being classified as a Code 3, WesBank will not finance these vehicles.


If you do not feel adequately equipped to assess a vehicle, have a knowledgeable person accompany you and help check the vehicle before you make a decision. Likewise, never buy a vehicle you have not had the chance to thoroughly test-drive.

Ask the dealer if the car you’re interested in is still under warranty, still in its maintenance or service plan period, or if the maintenance plan has expired. If not, it is advisable to purchase an extended warranty.


Buyers are also advised to consider costs that would affect their total monthly budget. These include costs for insurance and fuel, as well as wear-and-tear maintenance items.

Older vehicles sometimes do not have modern, fuel-efficient engines, so fuel consumption and costs are a major consideration. In conjunction with this and intended monthly mileage, also determine the kilometre service intervals for the car in question. Cars with extended service intervals could be more affordable in the long run, as they need to be serviced less often.

It’s also important to know the replacement costs for common consumables, such as tyres, which can be expensive, adding to the car’s overall maintenance costs.

(23) Comments   


Shan Freeman on 30 September, 2018 at 8:37 pm #

I truly prize your piece of work, Great post.

minecraft on 4 October, 2018 at 7:46 pm #

I every time used to read article in news papers but now as I am
a user of web thus from now I am using net for content, thanks to web.

minecraft on 5 October, 2018 at 1:31 am #

I’m curious to find out what blog platform you are using? I’m experiencing some minor security problems
with my latest site and I’d like to find something more safeguarded.
Do you have any recommendations?

minecraft on 6 October, 2018 at 11:22 pm #

Hey very nice blog!

minecraft on 8 October, 2018 at 12:57 am #

Can I simply say what a comfort to uncover somebody that actually knows what they are talking about
on the web. You actually know how to bring an issue to light and make it important.
A lot more people must read this and understand this side of the story.

It’s surprising you aren’t more popular given that you surely have the gift.

minecraft free download 2018 on 8 October, 2018 at 1:23 pm #

It’s fantastic that you are getting thoughts from this paragraph as well as from our dialogue made at this place.

minecraft free download 2018 on 8 October, 2018 at 1:33 pm #

whoah this weblog is great i love reading your articles.
Keep up the good work! You recognize, many individuals are searching round for this info,
you could help them greatly.

minecraft free download 2018 on 11 October, 2018 at 10:27 am #

Hello there! This blog post could not be written any better!
Looking through this article reminds me of my previous
roommate! He constantly kept talking about this.
I most certainly will forward this post to him. Pretty sure he’s going to
have a very good read. Thanks for sharing!

tinder dating site on 16 October, 2018 at 2:18 pm #

Excellent article. Keep posting such kind of info on your page.
Im really impressed by it.
Hello there, You have performed a fantastic job. I’ll certainly digg it and in my opinion suggest to my friends.
I’m sure they will be benefited from this website.

Health Benefits of Coconut Oil on 19 October, 2018 at 3:54 pm #

I’m extremely impressed with your writing skills as well as with the layout on your blog.

Is this a paid theme or did you modify it yourself? Anyway
keep up the excellent quality writing, it is rare to see a nice blog like
this one these days.

Health Benefits of Coconut Oil on 21 October, 2018 at 8:34 pm #

I’ve been browsing online more than 3 hours today, yet I never found any interesting article like yours.
It is pretty worth enough for me. Personally, if all
webmasters and bloggers made good content as
you did, the internet will be a lot more useful than ever before.

醫學美容-昇華-潤膚-cosmetic-wiki on 26 October, 2018 at 7:45 am #

Janssen Cosmetics 德.贊臣 – 文華投資有限公司Million Way Investment Limited Janssen Cosmetics 德.贊臣 – 文華投資有限公司Million Way Investment Limited

Benefits of Coconut Oil on 27 October, 2018 at 11:27 am #

I want to to thank you for this fantastic read!! I certainly loved every bit of it.
I have got you bookmarked to check out new things you post…

Benefits of Coconut Oil on 27 October, 2018 at 8:00 pm #

Nice post. I was checking continuously this blog and I’m impressed!

Very useful info specifically the last part 🙂 I care for such
info a lot. I was seeking this certain information for a very long time.
Thank you and best of luck.

Coconut Oil on 30 October, 2018 at 4:00 am #

When someone writes an article he/she retains the thought of a
user in his/her brain that how a user can understand it.
Thus that’s why this paragraph is amazing. Thanks!

quest bars cheap on 3 November, 2018 at 12:40 pm #

bookmarked!!, I love your website!

Gianfranco Zola never lost his temper at Chelsea, according to one former colleague. The chances of him maintaining an even mood as boss of West Ham, however, are zero. No more Mr Nice Guy as Zola vows to Hammer out the gaffes following defeat at West Brom

Chelsea are right in the thick of it because they have the ultimate big-game manager. Do not underestimate how influential Jose Mourinho will be as the season reaches its climax. Mourinho is the only man who can stop City winning the title. He knows what it takes to find a result when it matters

quest bars on 6 November, 2018 at 11:46 am #

Magnificent goods from you, man. I have understand your stuff previous to and you’re just too
wonderful. I really like what you have acquired here, really like what you’re
saying and the way in which you say it. You make it enjoyable and
you still take care of to keep it smart. I cant wait
to read much more from you. This is actually a terrific website.

What Equipment is Needed for Sling TV on 10 November, 2018 at 3:50 am #

An intriguing discussion is definitely worth comment.
There’s no doubt that that you need to write more about
this topic, it might not be a taboo matter but generally people do not discuss these issues.
To the next! Best wishes!!

Sling TV on 10 November, 2018 at 1:58 pm #

Hi I am so delighted I found your site, I
really found you by error, while I was browsing on Askjeeve for something
else, Anyhow I am here now and would just like to say thanks for
a incredible post and a all round entertaining blog (I
also love the theme/design), I don’t have time to go through
it all at the minute but I have saved it and also included
your RSS feeds, so when I have time I will be back to read a lot more,
Please do keep up the great b.

What Equipment is Needed for Sling TV on 10 November, 2018 at 9:09 pm #

Very good blog you have here but I was wondering if you knew of any discussion boards that cover the same topics discussed
in this article? I’d really love to be a part of online community
where I can get opinions from other knowledgeable people that share the same interest.

If you have any suggestions, please let me know.
Bless you!

What Equipment is Needed for Sling TV on 12 November, 2018 at 4:04 pm #

Touche. Great arguments. Keep up the good spirit.

Post a Comment
  • Payment Protection Facility

    Total Consumer Protection for out of town purchases, Read More.

  • administration