VW fans looking to pick up the brand’s latest SUV will need to earn at least R73,000 per month to afford one on a finance plan, according to a calculation by TopAuto.
The next-gen Tiguan recently hit the market at a starting price of R651,500, which goes all the way up to R834,800 for the R-Line.
Engine choices on the Volkswagen start with a 1.4-litre turbocharged petrol mill, which puts out 110kW and 250Nm while averaging 7.6l/100km.
There’s also a 2.0-litre turbo-diesel block with 110kW and 340Nm, which achieves a more frugal consumption of 6.6l/100km.
All versions of the family car are fitted with a seven-speed dual-clutch automatic gearbox, which connects to either the front wheels or the 4Motion all-wheel-drive system.
Looking at its spec sheet, the base Tiguan comes with 17-inch Bari alloy wheels, Eco-LED headlights, fabric upholstery, a leather multifunction steering wheel with paddle shifters, 10-colour ambient lighting, two USB ports, three-zone climate control, Park Assist Plus, a 10.25-inch digital cockpit, and a 12.9-inch infotainment screen with wireless App Connect.
The mid-range Life units will also throw in electronic auto-folding side mirrors, exterior ambient lighting with illuminated door projections, and LED-Plus headlights.
As for the R-Line, it adds 19-inch Coventry alloy rims, automatic high-beams, R-Line badging, silver roof rails, 30-colour ambient lighting, Sport Varrena leather upholstery with R logos, and Ergo Active seats with power adjustment, massaging, and heating and cooling functions.
Every purchase comes with a 3-year/120,000km warranty and a 5-year/90,000km service plan.
What you need to earn
We can use the following formula to work out the monthly payments on the Volkswagen:
- Car price – R651,500/R834,800
- Payment term – 60 terms (5 years)
- Interest – 11.75%
- Deposit – 0%
- Balloon – No balloon payment
- Extras – No optional extras
According to this, you’ll need to pay at least R14,506 per month if you want to pick up a Tiguan, or up to R18,560 per month if you want the top-spec R-Line.
Financial experts then recommend that you do not spend more than 20% of your gross monthly salary on vehicle payments.
This means you’ll need to earn anywhere from R72,530 per month to R92,800 per month to purchase VW’s latest SUV on a finance plan in South Africa.
Note that this figure does not account for insurance, fuel, and maintenance, which must all be factored into your budget.
Join the discussion