Independent Newspapers June 23 2014 at 08:50am By Wendy Knowler
Durban - To thousands of South Africans, the “Drive a new car for R699 a month” deal seemed like the perfect solution to their “want a new car but can’t afford it” dilemma.
You get a new car, with a 100 percent loan from a bank, making you responsible for the full repayment amount every month, but you offset that expense by signing a second contract with Hong Kong-based Blue Lakes Trading and Promotions, in terms of which you get paid a sizeable amount every month in exchange for turning your car’s back window into an in-your-face moving billboard advertisement, mostly for the scheme itself.
The Satinsky group of companies owns Drive Car Sales, the company driving the unique car ownership model throughout South Africa. Satinsky is also the management agent for Blue Lakes Trading and Promotions and operates Blue Lakes’ help desk in the country.
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