#SHSI Episode 38 - SOUTH AFRICANS CAN'T AFFORD THE CARS THEY ARE DRIVING...KUBI!
Description
You walk into a car dealership in South Africa, fall in love with that shiny new Toyota Corolla Cross, and the salesperson tells you it's only R9,000 per month. Already that Sounds unaffordable, right?. Coz as a south African who understands the value of your rand, you know amount is before insurance and fuel and maintenance. So by the end of this video, you'll understand why 90% of South Africans can't actually afford the cars they're driving – and how the automotive industry has been keeping this financial illusion alive."Truth be told, there's a massive disconnect happening in South Africa right now. Car prices are skyrocketing faster than inflation, while salaries remain stagnant. The result of all this? A financial trap, a trap that's caught millions of South Africans in a cycle of debt they never saw coming, or they did and that new TSI was just too enticing, enticing. Today, we're going to break down exactly how much money you ACTUALLY need to afford a car in South Africa – and spoiler alert: it's probably way more than you think.
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