After honouring 59 instalments, a car was repossessed after owner ignored balloon repayment

By Zelda Venter | Published Jan 27, 2025

Bokleni was very happy when he came to the end of his 59 monthly instalments of R2 637 a month for his VW Polo Comfort line, as agreed with the bank. But in addition to these instalments, the agreement included a balloon payment of R52 148 which was due on the 60 th month.