Podcast | How to pay off your home and car

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A vehicle credit shortfall is the gap between the vehicle’s insured value and the amount owed to the bank. Picture: iStock
A vehicle credit shortfall is the gap between the vehicle’s insured value and the amount owed to the bank. Picture: iStock

PERSONAL FINANCE 


If you are confused about how advance payments to your home loan and car finance work, you are not alone.

In this podcast, Maya Fisher-French and Mapalo Makhu unpack exactly how they work and when advance payments on your car can be used to settle the balloon payment.


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