AUTOFORUM - Informed and innovative

WesBank’s advice to graduates for living within their financial means

Jun 20, 2019 Wesbank, graduate, finance


WesBank’s advice to graduates for living within their financial means

 

Securing your first employment opportunity is exciting for any graduate. Especially after investing the time and money in your education throughout the years. However, the need to be mobile as a working individual soon becomes a reality. Employers often consider those with their own set of wheels as far more reliable in fulfilling their duties compared to those who are dependent on public transport, which can be unpredictable at times.

 

Traditionally, obtaining a vehicle would mean having a credit history to go by, which gives the banking institution the comfort of knowing that you are likely to pay back the funds that they are providing you with to buy your car. However, as a first-time buyer, or rather fresh from tertiary, it is unlikely that you will have the required credit history. Yet it is important to make building a credit profile a priority.

 

With having secured that job opportunity also comes the responsibility of being financially savvy, WesBank has outlined some useful tips to assist graduates to ensure that they are better equipped in their financial journey:

 

·      Track your income and expenses:

·      Spend less than you make every month:

·      Minimise on lifestyle inflation:

·      Start saving early:

For those looking to buy their first car, the WesBank Graduate Finance offering provides graduates competitive interest rates, and tailor-made packages from various partners on selected car models. Furthermore, the entire application process can be accessed and fulfilled online.

 

WesBank Graduate Finance is designed for graduates who:

·      Have a university degree, three-year diploma or NQF 6 qualification;

·      Have graduated within the past three years;

·      Are under the age of 31;

·      Can provide proof of employment;

·      Hold a valid driver’s license; and

·      Are a SA citizen or permanent resident.

 

“Graduates who are currently in the market for their first set of wheels are encouraged to visit the Festival of Motoring annual event at Kyalami Grand Prix from 22 to 25 August 2019. The festival is a great opportunity to interact with a range of car options, engage with various OEM’s who will be exhibiting throughout the festival and also engage with the WesBank digital offerings aimed at making the buying journey seamless,”concludes Ghana Msibi, WesBank Executive Head of Motor.

Photo Gallery

Back