OUR FOUR-PART GUIDE TO FINANCING YOUR DATSUN.

Ok. So you want a Datsun, sweet! That seems simple enough with the fact that it's really affordable to own one! Then the tricky subject of 'car finance' enters the scene and sometimes knocks you off balance. Well, we're here to change that with our four-part guide on how to GO about financing your Datsun with ease.

PART TWO: DO AWAY WITH DEBT

When it comes to financing anything, one of the first things the banks will look at is how you go about managing your debt. Do you have loan sharks circling around you, ready to take a bite out of your paycheck, or do you pay off your debt responsibly?

Debt can be seen as a bit of a black hole. It’s something that sucks you in and once you’re stuck in there, it takes some work to get back out. Although this sounds like a pretty bleak situation to be in, there is hope.

Most people are faced with two problems: getting out of debt and staying away from this sticky situation. Here are our top 3 tips for both:

Getting out of debt:

  1. Stop borrowing money. It’s not easy, but it’s advisable that you stop using debt to fund your lifestyle. Don’t open new store or credit cards and don’t buy things you actually can’t afford –ask yourself if you actually really need (not want) the item in question before swiping for it.
  2. Start budgeting. We discussed this in part one: learn to manage your moola, but basically a budget is looking at your income versus your expenditure and understanding where your money is going. Once you’ve laid out what’s happening with your money, decide what can stay and what can go so that you’re not overspending monthly.
  3. Spend spare cash on your debt. If you manage to be surprised by an influx of money, such as a tax refund, receiving an inheritance or by making extra money somehow on the side; consider putting it towards reducing your debt.

Staying out of debt:

  1. Build your credit, don’t abuse it. Before you cut up your credit card for good, remember that having a good credit record helps you get lower interest rates, so it is useful to keep. The trick is managing your debt smartly. Use credit wisely and make sure to pay your premiums regularly.
  2. Don’t buy items with a short ‘shelf life’. Try and avoid using credit on items that won’t even see the light of a new day. We’re talking the likes of nappies and food here. Rather use your credit facilities for things that you will still be using in the next few months or years, like appliances, furniture and durable clothing.
  3. Start an emergency fund. Once you’re out of debt, consider opening an emergency savings fund and put a portion of your salary towards it at the beginning of every month. This ‘piggy bank’ of money is there to assist you if an emergency arises, thus guarding against the temptation to use your credit card when your chips are down.

Staying away from debt may seem challenging, but it doesn’t have to be. With the necessary steps, you can stay out of any sticky situation and instead save up and be financially wise when it comes to spending. Who knows, before you know it you’ll soon be cruising away from all that debt in your Datsun GO! 

DATSUN HISTORY

Datsun originated in Japan as DAT-GO (the DAT-car) almost a century ago in 1914. The word DAT means ‘lightning-fast’ in Japanese but is also a reference to the three financiers who supported the business at the time – namely Mssrs. Den, Aoyama and Takeuchi – an acronym of the first letter of each name. Using the same logic, it was promoted as Durable, Attractive and Trustworthy, or DAT for short.

In 1933, Nissan’s founding father Yoshisuke Aikawa took over the business with a vision of “mobility for all”. The introduction of a light-weight, economical yet resilient car to meet the aspirations of young Japanese people in the early 1930s was named the ‘son of DAT’ – Datson - which later changed to Datsun. Local engineering and mass-production made the founder’s dream a reality.

DATSUN TODAY

Nissan Motor Co., Ltd. announced the return of the Datsun brand, Nissan's third global brand, alongside Nissan and Infiniti, in March 2012. Datsun will provide a sustainable motoring experience to optimistic up-and-coming customers in high-growth markets. Datsun represents 80 years of accumulated Japanese car-making expertise and is an important part of Nissan's DNA. Datsun already started sales in India and Indonesia, while sales in Russia and South Africa will commence later in 2014.

ABOUT NISSAN MOTOR IN SOUTH AFRICA

Nissan South Africa is the operational hub for Regional Business Unit South, serving Nissan’s key South Africa market and 42 other countries in Sub Saharan Africa, including Angola, Ghana, Kenya and Nigeria. In South Africa, the company offers a range of 28 vehicles under the Nissan and Infiniti brands, including the popular locally-produced Nissan light commercial vehicles - the NP200 half ton pickup and NP300 one-ton Hardbody – produced at the company’s Rosslyn plant, north west of Pretoria. In 2013, the company made history with the introduction of South Africa’s first electric vehicle, Nissan’s flagship Nissan LEAF. This will be followed in 2014 by the reintroduction of the iconic Datsun brand, as well as the launch of the new Qashqai crossover and new X-Trail sports utility vehicle. Nissan South Africa is one of the top five automotive companies in South Africa. For more information visit our website at http://www.nissan.co.za