the problem as explained to me is i wont feel it now...only in 50 years time when i am still paying my bond...and wonder why...considering the bond period when i started was only 15 years.

just like the debit councillors...immmediate relief but boy are you gona pay in the long run...interest and fees.

we only notice the short money out your pocket paying for things...

much like a residual on your car...sounds great but if you cant afford it now how you gona afford the 50 % upfront at the end...chances are you cant and will take another 5 year hp...and boy when you add up what you end up paying for the vehicle...you probably could have settled your bond...think about it next time before you sign that piece of paper.

i am feeling it now...all my vehicles where paid for in cash until 2 years ago then i took out hp for tax reasons...i should have rather paid the tax i would still be smiling to the bank instead...i am still paying off the interest...and have another 3 years still to pay off...what a waste of money.

talking to mate the other day about his solution to his finances...which is the best advice i heard since i started my bussiness....take all your vat every month and deposit into a saving account...when its time to pay sars...take out what is owng to sars and pay them...the balance left in the account just leave it there until after a period of time...which is not important ...you will get to point where you have a R100 000 in the account...then trasfer that into a money market account and dont touch it...and start all over again...eventually you will have enough money to buy vehicle...etc for cash and save even more money...and you will have capital to keep your bussiness afloat during the hard times...he never buys anything on hp...only if and when he can afford to pay cash for the item.