Luxury vehicles used as the only means of transport by consumer

Luxury vehicles used as the only means of transport by consumer. Debt Counsellors could consider advising the client to sell the vehicle if this is financially viable and finance is available to purchase a less expensive vehicle.

NDRC Practice NoteLast reviewed 2026-04

What this means in practice

Where a luxury vehicle is the only family vehicle, the consumer is expected to downgrade at the next refinancing point. The current instalment is honoured in the interim, with the downgrade flagged in the proposal narrative.

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 7.3.4: Luxury vehicles used as the only means of transport by consumer. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 44.