“Show Me the Podium": the phrase that could save you thousands on car finance

Loading player...
When you apply for vehicle finance through a dealership, the finance manager submits your application to multiple banks - and gets back a "podium" showing every offer, with different rates and terms. They're not obliged to show you all of them, and have every incentive to push the one earning them the highest commission - not the cheapest deal for you.
The hack: say “Please show me the podium." This simple request signals you know your rights, and that you expect every offer on the table, not just the most profitable one for them.
23 Jul English South Africa Education · Self-Improvement

Other recent episodes

Sold a dud car on finance? Chase the bank

If you buy a used car on finance and it turns out to be a lemon, don’t spend all your energy on the dealer. The bank that financed it is on the hook too. Our Supreme Court of Appeal confirmed it recently: when a bank finances a defective car, it…
24 Jul 1 min

Wait 72 hours before committing to anything you didn't plan to buy

Retailers - online and in-store - are experts at manufacturing urgency such as flash sales, "only 2 left," countdown timers. The antidote is simple: wait three days before purchasing any unplanned, non-essential item. Write it down if you need to, then revisit after 72 hours. Research consistently shows the urge…
20 Jul 1 min

Do a subscription audit — you're probably paying for things you've forgotten

Streaming services, fitness apps, cloud storage, that online magazine you signed up for during lockdown - subscriptions are designed to be easy to start and easy to forget. Go through your bank or credit card statement and highlight every recurring debit. Cancel anything you haven't used in the past month…
17 Jul 1 min