I applied for a used VW Polo Gti | My Interest Rate | Cost Of Ownership | Price Review | Car Market 

Why isn't there anyone doing these kinds of reviews with houses and real estate in RSA?

Please do a detailed video about trading in a car All the processes involved also make a example if possible 🫣😊

I’ve subscribed because this video to me is just inspiring cause u just bought a car i also dream about and want to own💯. Congrats King💯💯🥳

I mean gti because my keyboard it’s not make sure ✔️

Please follow me too 😊

That's interesting I've always secretly wanted a Polo GTI, I have Cross Polo and it's amazing long distance (put 215/45 17 Tyres on instead of 40's and its even better) That's a deal breaker unless I own another car for road trips.

Did you tweak your suspension? VW is the master of comfortability

So the GTi is a sports car and traditionally sports cars are not made for comfort. I hear what you are saying about the suspension but it will never be as comfortable as a normal Polo or Cross Polo. The suspension is quite tough and the seats are also a bit tougher than normal. I guess you have 2 options: Buy for Speed or Buy for comfort

@@sambowkshow does it look with the 45’s instead of the 40’s?

Maybe it's preference but I have driven 8 hours straight in mine with just stopping for fuel. I never once felt it was uncomfortable as an 80kg male... but definitely not as comfortable as the Golf 7 tsi I once had.

Never buy a car without a discount, thats my advice. Smash and grab should be a free incentive not an extra charge. Walk away fast

It's fast

ST is quick as fck

Most definitely 😂

Dr.Muzi would have trolled him and the dealership.😂

Not every polo gti is a lemon guys

the first batch released early was the lemons.

I blame him

The one with 75000km’s, out of service plan?

@@sizwedinisesoko obviously not the exact car. There’s a lot of 7.5 GTI up for sale

I was offered 18%😢😢😢 yooh im not that desperate

How much was your shortfall?

Anything that we buy using credit we pay more so I would have took it /especially if I have no other car

German cars are slowly getting out of south Africa they too greedy thy will go n drive those cars in Germany when thy price a car it's like thy are thinking with there asses, that's y Americans don't drive there cars

@@mogomotsinester2538 You are so right man. I mean spending R1m on a Golf is just crazy. The prices don't make sense anymore. I think the Chinese cars are much better value for money. Let's see how they fair as time moves on. Plus with VW going fully electric in the near future they can keep that for themselves. We don't need that shit hear in SA.

Can i ask. What percentage is ideal for any car in general

@@kgotso5699 Well it’s a very complicated matter, really depends on the vehicle you buying + credit profile. So the newer the car, the lower the ratio between buyers income & expenses vs the price of the car is very important. What this means is you as a buyer will have your credit score analyzed & your income & expenses ratio vs the price of the car assessed. The combination of the vehicle & your credit status will ultimately determine what interest rate you are given based on perceived risk. Prime lending rate as I’m typing this is at 10,75% and up to 21,38%. But it is not guaranteed that banks will approve your loan at 10,75% based on the factors explained above.

@@kgotso5699as close to prime as possible - if not they are charging you personal loan prices

@@kgotso5699 Prime at least, do not let a dealer get finance for you, do it yourself

😂😂😂yey

Our dreams are valid.

Same, I got burnt when I was younger (and more naive/desperate!) but now if they try anything over prime + 1 I won't sign. Even at prime + 1 I will try and play the banks off against each other and get it lower. Haven't managed prime minus on a vahicle yet but have on my bond so that's ok.

​@@friggs6239wow 😢

You want to get as close to the lending rate as possible (I think currently it's 11.75%!!!). You will even sometimes see places like BMW doing prime minus x% deals but those are generally on new vehicles with all sorts of limits in terms of maximum annual mileage (so you can't drive more than 10 000km per year for example!), etc. Generally, the older the car (second hand) the higher the interest as well from what I've seen. But yeah, try get as close to prime (linked!) as possible - so if the prime lending rate is 11% when you buy, you want like 11.5% to 12.5% as an exmaple. And what MrHowMuch said is VERY true about don't take the first offer, they will always approve you for a higher rate first time and when you say no then they magically "work something out" with the bank for a lower rate but then it's just slightly lower and the cycle continues a bit. If they won't budge, like he said, move on, you will find another car. Oh and lastly, if you buy a car at get an interest rate of say 12% then you need to work out if you can afford it at like 14.5% still. The reason for this is that if you buy the car at 12% and that is the max you can afford, if the interest rate goes up in a couple months then you are in trouble because your payment goes up as well... so if your absolute max you can afford (for the car payment alone) is like R8000pm, then get something that will cost you less, like R7000pm so if the rates go up you will still be ok. I'm no expert, just my advice/input on this subject.

You should get an interest that is atleat 2% above the prime lending rate. Anything in excess above that is too much

That one is the best but a bit more expensive than those polo

@@musa7582 ohk

You clearly didn't watch the whole video

😂 Thanks for being the view , enjoy the video…

@@mrhowmuch I have my car which I think you might enjoy reviewing in future bro.

Wait what?

I reviewed one recently

I put the Horse Power next to the KW in every video so I don’t know why you are doing your own conversions.

On the way…