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"Thank you for contacting Absa Stockbrokers and Portfolio Management.
 Please note that the TFS account only has an approved list of ETF’s that are tradable on the account.
 Ashgeq is not a part of the approved list." 
You say it's on the EE TFSA list, Hamster?

It is not unthinkable that EasyEquities has a bug or listed it erroneously. They hardly have a great track record with these sort of things and have had to refund clients on more than one occasion.

My guess is that EE is a very manual system hidden behind a shiny (for those that like kiddy games) interface.

So on the face of it I'd side with ABSA on this one.

Any reason why ASHGEQ is not on the ABSA TFSA ETF list?

I can see it on my ETF only account. What list are you referring to? They also have it as "ASHGLOEQT"

From my own experience (Wesbank), we only paid something like R375 for early "termination" in 2015. At the time the account was linked to my FNB account & we just started paying in R1000pm extra when we could. We kept our monthly payments constant as we had no other debt. It was really cool to see the number of months that we still need to pay come down steadily.

If you have the full R50k now, maybe pay off the balloon if possible? I think it would have the biggest impact (interest savings) seeing that there is still six years of payments left (If I understand you correctly).

Otherwise paying in the full amount would probably reduce the term quite a lot, also a big win.

By the way, I didn't even know its an option to pay the balloon amount at any time...I always just assumed that you had to wait till the end.

Didn't know about the option either it heard it is there. The financial numbers are there as examples so not accurate. Go big or go home right (according to my friend *cough*)

Asked the same question on another forum. Over 500 views and no answers and on here 20 views with one answer.

Not sure if that indicates anything. Like either there are more lurkers on the internet than I previously thought or people in this country tend to buy cars without knowing that they can structure deals in different ways or that there are pros and cons in the way (or even that you are able to) paying off the car in different ways.

So let's assume a "bad" financial decision is imminent and you want to buy a car. For the sake of the example we take the possibly worst option and finance it with a balloon payment (let's assume R200k with a 25% balloon (R50k) over 60 months). You stumble across a lump sum and pay off some of the debt. Do you:

1. Reduce your monthly repayment amount (sopay less each month)

2. Reduce the term of your loan (pay the same amount but for a shorter time meaning less interest)

3. Pay off the balloon amount.

Asking for a friend.

interest free "borrowing" for 55 days.

Which credit card in South Africa doesn't do that? It's not a Capitec "feature".

Yes, would subscribing to them be worthwhile?

I'm inclined to say "if you have to ask...".

They're way too risky to start out with. A couple of cents movement can either double or halve your investment.