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Craig Edwards

Craig writes about money in South Africa: petrol, grants, banks, bonds and what every change does to your pocket.

Money

Chinese cars now make up 40% of SUV loan applications. The banks are nervous about one thing

Chinese brands now make up 40% of SUV finance applications at Absa, up from 19% in 2023, and six in ten cars WesBank finances. The banks are happy to lend. What worries them is the day those cars hit the used market. Here is who finances what, what it is costing the banks, and what it means for your deposit, your balloon payment and your trade-in.

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