Perils of cashing in on your car

17 May 2020 - 00:27 By Angelique Arde

If you're cash-strapped and need a lump sum in a hurry, you may be able to sell your car and then lease it back for less than what it would cost you to hire a car. When your finances improve, you can buy back your car for the amount you sold it for.

DriveAwaySA's offering is timely, with many people facing a reduced income as a result of the lockdown. And it will be especially appealing to consumers with impaired credit reports, because it's not a loan and therefore doesn't require credit checks or regular repayments...

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