el_guapo3291
Legendary Member
Hey guys,
So my dad used to work for Eskom and is a person with disabilities. During covid they allocated them some workload from the call centres, which was never part of his responsibilities before and then after covid they made it manditory and wanted to increase the volume of calls etc. Which my dad could not manage due to his disabilities. Essentially they forced him into early retirement, so to cut a long story short he wasn't yet in the financial position to manage full retirement so he used up most of his lump sum money into a bad business venture.
Things were looking bad so I had to return and live with my parents again to help them out a bit, My dad is never one to take advantage and sit around though and eventually while giving advice to one of his former customers they mentioned they have a vacancy in their business and asked if he was interested in the job. Which he then subsequently applied for and was appointed to this month.
It's not much for his qualification and experience level but it's good enough for them to be comfortable, however it has created a bit of a situation with my youngest sibling who has been using my dad's car as part of a lift club to go to University and will likely need a vehicle when he qualifies end of next year anyway. This necessitates getting another vehicle.
So just wanted to know if the banks would finance a small vehicle with him just having started? He's only 56 years old and plans to stay working for as long as possible and his salary would be more than enough to qualify for the finance, I'm just not sure how much they would consider his age and that he only just started work again.
I could easily finance it on my name for him but I don't want to take unecessary credit since I want to finance a property in the near future. I could perhaps stand as a guarantor (if that's possible?)
Thanks for responses in advance.
So my dad used to work for Eskom and is a person with disabilities. During covid they allocated them some workload from the call centres, which was never part of his responsibilities before and then after covid they made it manditory and wanted to increase the volume of calls etc. Which my dad could not manage due to his disabilities. Essentially they forced him into early retirement, so to cut a long story short he wasn't yet in the financial position to manage full retirement so he used up most of his lump sum money into a bad business venture.
Things were looking bad so I had to return and live with my parents again to help them out a bit, My dad is never one to take advantage and sit around though and eventually while giving advice to one of his former customers they mentioned they have a vacancy in their business and asked if he was interested in the job. Which he then subsequently applied for and was appointed to this month.
It's not much for his qualification and experience level but it's good enough for them to be comfortable, however it has created a bit of a situation with my youngest sibling who has been using my dad's car as part of a lift club to go to University and will likely need a vehicle when he qualifies end of next year anyway. This necessitates getting another vehicle.
So just wanted to know if the banks would finance a small vehicle with him just having started? He's only 56 years old and plans to stay working for as long as possible and his salary would be more than enough to qualify for the finance, I'm just not sure how much they would consider his age and that he only just started work again.
I could easily finance it on my name for him but I don't want to take unecessary credit since I want to finance a property in the near future. I could perhaps stand as a guarantor (if that's possible?)
Thanks for responses in advance.
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