vehicle dealership

Brigadier Nkwashu received consistent monthly payments in 2025 as part payment for three vehicles he bought by trading in his old vehicles at a dealership.

“I have sold my X5 vehicle to buy another X5 in that dealership. And on the other amount that you see, actually I bought in totality three vehicles in that dealership. So, the monies that you see is for the vehicles that I have sold them ... the money for the trade-ins is being paid to my account every month.”

Brigadier Nkwashu prefers monthly payments for trade-ins instead of lump sum payments to avoid losing money through finance interest, and benefits from charging interest to the dealership on the monthly basis.

“Yes, my understanding is that if you pay on a monthly basis to the account, you are not, when you pay the lumpsum to the finance, you are not, you are losing because they are charging you interest. So, when you get a monthly payment from the dealership, you are also benefiting because you are charging them also the interest.”

The monthly payments were made by agreement with the dealership though it is not a regular practice for the dealership to pay trade-in amounts monthly.

“And one thing that we cannot e is in discussions with the dealership, it was mentioned that this was your agreement. You insisted on monthly payments. This is not something that they regularly do. Do you have a comment on that? ... I agree, yes.”