Annexure B
    7.3.5
    Annexure B
    p. 44

    Luxury vehicles not used by the consumer on a daily basis

      Luxury vehicles not used by the consumer on a daily basis. Debt Counsellors should explore the possibility, depending on circumstances and minimum requirements of the household; advising the client to sell these vehicles at a profit or break even position.

    Cite this clause

    National Credit Regulator. (2015). Annexure B — Debt Review Assessment Guidelines, clause 7.3.5: Luxury vehicles not used by the consumer on a daily basis. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 44.

    Related clauses

    7.1
    Annexure B
    Required Expenses
    7.1.1
    Annexure B
    Rental, where no bond
    7.1.2
    Annexure B
    Debt Counsellors could ask the following questions
    7.1.3
    Annexure B
    Groceries (food, toiletries, cleaning materials) - groceries
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    7.3.4 Luxury vehicles used as the only means of transport by consumer
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    7.3.6 Holiday clubs
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    Based on NCR Guideline 001/2015, p. 44. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.