Latest News




Graduates encouraged to choose affordable cars

2020/05/08

Owning a reliable car is no longer just a luxury, but a necessity too, especially as more employers require graduates to have a reliable mode of transport when entering the working environment.

This commitment can be both exciting and stressful, particularly as a first-time car buyer.

The inaugural WesBank Fuel Economy Tour, in partnership with FNB took place from 12 – 16 November 2019 was aimed to provide motorists and first-time car buyers with definitive fuel consumption figures amongst a selection of car brands, as well as recommended travelling times between major cities in the country to help motorists get more value from a tank of fuel.

The Fuel Economy Tour involves a five-day drive on major roads from Johannesburg to Cape Town via Durban, East London, Port Elizabeth, and George, with a total combined distance of 2500km. 40 Cars from 12 manufacturers will participate in the initiative.

WesBank suggests the following useful tips to consider when buying your first car:

Fuel efficient

Buying a large car may be exciting, however, you need to remember that it is not only the monthly instalment that you need to account for.

Other expenses include fuel consumption based on your travel requirements. Therefore, in selecting your first car, take into account how fuel-economical the car is to ensure that you can stay abreast of all payments and maintenance requirements.

Value for money

Car brands have definitely kept up to date with design elements and less expensive cars even look stylish these days, equipped with technology such as Bluetooth connectivity, modern safety features and ample space.

Reliability

Buying within your means does not mean compromising on the reliability of the chosen vehicle. Ensure that you are buying from a reputable dealer.

This also includes that you read and understand your contract, including additional value such as service, warranty and maintenance plans that may form part of the deal (depending on the brand and dealer) – which aim to assist you in maintaining a proper running vehicle.

For those looking to buy their first car, the WesBank Graduate Finance offering provides graduates with competitive interest rates, with a credit history not being essential. Made easy and accessible, the entire application process can be accessed and completed online.

WesBank Graduate Finance is designed for graduates who:

  • Have a university degree, three-year diploma or NQF 6 qualification;
  • Have graduated within the past three years;
  • Are under the age of 31;
  • Can provide proof of employment;
  • Hold a valid driver’s license; and
  • Are South African citizens

“Our graduate finance offering is designed with these factors in mind because we want to be able to give graduates some independence without them worrying about elements such as their credit history. This offering ensures that we can assist graduates in securing a bright future post their academic years, by making the travel between work and home easier and less stressful,” says WesBank’s Head of Motor Ghana Msibi.

“The sponsorship of the Fuel Economy Tour allows us to continually educate consumers in their car buying journey by providing information that equips them in better decision making”, concludes Msibi.




Comment Messages




Sign Up To Our Newsletter

Sign up for updated automotive news and car reviews