Buying a car in South Africa is a little easier now than it was a year or two ago, thanks to stable fuel prices, lower interest rates and moderate inflation.
The current conditions are particularly favourable for drivers who plan to finance used cars, drive lots of kilometres, or upgrade their wheels, Ernest North, co-founder of insurance platform Naked Insurance, says.
Consumers are finally seeing some relief from the supply chain disruptions, rapidly rising car prices, and high interest rates that caused car ownership costs to spike as we came out of the pandemic.
