Want a car you can’t really afford? The motor finance industry has just the thing – a balloon payment deal.
So instead of spreading your instalments over your finance period – five years, say – the car finance bank carves off a big chunk of the total amount owing, and “parks” it until you’ve paid off the amount you can actually afford to finance.
Just before Christmas, as I walked out of a packed store with my purchases, the security apparatus at the exit let rip with its “Stop, thief!” alarm.
All eyes turned to me. The security guard told me to wait, calmly took the packet from me, returned to the till point, pinpointed the security sticker which had not been successfully de-activated, and sent me on my way with a “sorry”.
Reader Wendy Alexander posed a very interesting question to me on Twitter last week.
When consumers return goods to stores within six months of purchase, requesting a refund, replacement or repair in terms of the Consumer Protection Act (CPA), they are often told that before a decision can be made, the goods must first be sent away for a technical “assessment” to rule out user abuse.