Car finance for blacklisted people – With the world becoming increasingly complicated, and work places moving farther and farther from residential areas, almost everyone needs to commute to get to their offices and factories. While the public transport network may be connected to most places, it does not always meet expectations of everyone. As a result many people commute in private vehicles which are thus necessary to earn a living.

For anyone who is blacklisted, it can be very difficult to buy a car given that loans do not come cheap, and you absolutely cannot take one unless you’re employed. In turn it becomes a viscous cycle.

Recognizing this predicament, there are financing agencies in South Africa that offer loans by keeping the car as collateral. This cancels out risk of both parties as even if the blacklisted debtor is unable to pay back his loan, the car is simply repossessed and sold to pay off the remaining amount of the loan. We say it’s an ideal solution for those who need their own private transport in order to stay in the job market.