The Mercedes-AMG GLS 63 is touted as the “S-Class among SUVs”, and if you would like this level of luxury in your life be prepared to pay around R60,000 per month in car payments.
For this money you will receive a 7-seater vehicle that packs a 4.0-litre, V8 engine.
This motor produces 450kW and 850Nm, and takes the SUV from 0-100km/h in 4.2 seconds – and to a limited top speed of 250km/h.
The speed of the vehicle is complemented by its “dominant and sporty” exterior, headlined by an AMG-specific radiator grille.
On the inside, you will find AMG sports pedals in brushed stainless steel, illuminated door sill panels, black AMG nappa leather seats, and a sporty AMG steering wheel.
Entertainment is taken care of by the MBUX infotainment system – which includes multimedia displays and voice control through the “Hey Mercedes” command.
How much you will pay
To calculate how much the monthly payments on the Mercedes-AMG GLS 63 would be if you purchased one using a finance plan, we used the values below:
- Car Price – R3,154,000
- Payment Term – 60 terms (5 years)
- Interest – 9%
- Deposit – 10%
- Balloon – No balloon payment
- Extras – No optional extras
This finance plan produces a car finance payment of R59,018 per month.
The finance agreement will see you paying a total of R697,176 in interest over five years.
Taking matters a step further, we have also calculated how much you should earn to be able to “afford” this monthly finance payment.
Financial experts recommend you do not spend more than 20% of your gross monthly income on car payments.
Using this benchmark, South Africans who plan to purchase the Mercedes-AMG GLS 63 should earn R295,090 per month before deductions.
It must be noted that these figures do not include vehicle insurance, fuel costs, and related expenses.
These can easily add several thousand rand to your monthly bill for a car which retails for over R3 million.