Research report, presented to the SBL, Unisa, Midrand / In the midst of a global recession, this study explored whether the act of obtaining
motor vehicle finance has become more onerous since the implementation of the
National Credit Act, 2005, (NCA), and to determine which variables are contributing to
the phenomenon of declining motor finance figures. A quantitative research
methodology was applied whereby a portion of the analysis was based on historical
motor finance application data attained from a medium sized motor finance institution.
Another portion considered survey data obtained from 152 South African consumers
and 42 Credit Analysts collected by way of self administered questionnaires. Various
statistical tools, including Independent Sample t-Tests and Pearson product-moment
correlation tests were applied to the data. The results of the study indicate that the act of
obtaining motor finance has indeed become more complex since the inception of the
NCA. Of the variables tested, motor vehicle retail prices and general living costs were
identified as the main impediments limiting the amount of motor finance granted in the
South African motor finance sector.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:uir.unisa.ac.za:10500/3737 |
| Date | 12 1900 |
| Creators | Pieterse, Hendrick Christoffel |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
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