Annexure B
    3.1.7
    Annexure B
    p. 32

    Vehicles not used by the consumer or his or her dependants (i

      Vehicles not used by the consumer or his or her dependants (i.e. student) could be sold and the proceeds used to reduce debt.

    NDRC Practice NoteLast reviewed 2026-04

    What this means in practice

    A second or third vehicle that no household member uses daily is treated as a disposable asset. The proceeds reduce the debt and the remaining instalment is removed from the affordability calculation.

    Where it goes wrong

    A common error is leaving the unused vehicle's instalment in the budget on sentiment. Credit providers spot this immediately and reject the proposal as unduly prejudicial.

    Drawn from NDRC's active case work. For your situation, see our debt counselling overview.

    Cite this clause

    National Credit Regulator. (2015). Annexure B — Debt Review Assessment Guidelines, clause 3.1.7: Vehicles not used by the consumer or his or her dependants (i. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 32.

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    3.1.6 In the case of a second home, investment properties or holiday
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    3.1.8 In the case where the consumer
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    Based on NCR Guideline 001/2015, p. 32. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.