Posted on Feb 3, 2021

Credit Salvage Corporation SA (Pty)Ltd

Car Repossession! What Happens and How To Save your vehicle.

Car repossession troubles? We have compiled this article to explain the process and what to do to save your vehicle. Currently, South Africa is going through a rough patch due to the Covid 19 pandemic, a slowing economy and electricity costs are always on the rise. 

Indeed, times are tough, and it is only a matter of time when the economy will affect you. Those who are already struggling with debts experience that they cannot afford their living expenses. With all these hurdles to overcome, many consumers are faced with the reality where their car might get repossessed. 

Repossession of a car can leave you in a state of emotional distress. There is also the agony and shame people feel when collectors come knocking on the door to repossess. Everything soon feels to go amiss, especially when you have kids. How will you take them to school? Or worse, what about medical emergencies? So it is understandable that everyone wants to protect the possession of their vehicle. But, what happens if you can't afford to pay the instalments anymore?

Indeed, repossession of a car can feel like a knife in the gut, but there is one easy way out. 

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