MD
Mattheus D

1 reviews | Active since Feb 2019

07 Feb 2019, 14:45

Super inflated Interest charged on car Finance

Bought 2009 Hyundai i20 from MFC in 2012 after paying the car till end 2015 every month no 1x payment skipped,due to difficulties when under deb review.

From 2015 Under debt Review car Balance was R100 201 ,today February 2019 balance is R92000 so not sure how they calculate interest so seems will take 11 Years to pay of R150k car.

I have 2nd car with Absa Car Finance 4 Years and almost paid up paying default payments not extra paid.

Terrible will never ever buy car and Finance through MFC again. Beware of MFC.

Regards Mattheus

0
Replies (1)
Motor Finance Corporation
Motor Finance Corporation's reply07 Feb 2019, 15:06
Official
Dear Stussy40

We acknowledge receipt of your complaint.

Your complaint has been assigned to a service resolution specialist for perusal.

You will be contacted and feedback will be provided thereof.

Kind Regards
Sharyl Naicker
Client Value Management
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