Absa
BUYING ONE VEHICLE TWICE

I bought a GWM Double Cab through ABSA Vehicle finance in 2008 and the agreement was effective from the 01/03/2008 and is for 60 months. Total amount of repayments = R232666. 83c. February this year should have been my last payment. There were a few months during which I was unable to make full monthly paymentst. My installment per month is R4200. 00c At July 2013 according to ABSA statements I still owe the bank R201791.19c. Surely by now I am being made to pay twice for one vehicle. Even that vehicle is wort less that R100 000 by now. The bank has surely made a big mistake and I am the victim.

Company: Absa
Country: South Africa
City: Goodwood

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