The cost of owning a car denies many people the opportunity of freedom of mobility.
According to the motor finance house WesBank, the average monthly mobility basket – the cost of car repayments, insurance, fuel and maintenance – is R7 851. This is 3% higher than in 2018, and a shocking 28% more than only five years ago. In addition, the South African motorist is one of the highest taxed in the world. On average, 30% of the new vehicle list price consists of taxes, including import duties, excise duties, carbon tax, tyre levies, VAT and port charges.
To tell us more is Tshepo Seeletso an app designer of Lifti.
For more news, visit: sabcnews.com