How much the monthly repayments are on a Haval Jolion Super Luxury – TopAuto
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Wednesday / 8 December 2021
HomeFeaturesHow much the monthly repayments are on a Haval Jolion Super Luxury

How much the monthly repayments are on a Haval Jolion Super Luxury

Haval – the SUV brand by GWM – recently released the Jolion in South Africa.

The SUV has attracted the attention from local motorists thanks to its price, with the vehicle starting at just under R300,000.

All versions of the Jolion are fitted with a 1.5-litre turbo engine, which produces 105kW and 210Nm.

The top-end model, the Haval Jolion 1.5T 7DCT Super Luxury, puts this power down through a 7-speed DCT transmission.

All models are then listed as two-wheel-drive.

Additional noteworthy features in the SUV include up to 1,133 litres of cargo space when the passenger seats are down, and rear parking sensors.

An electronic parking brake, virtual instrument cluster, wireless charging pad, a heads-up display, keyless entry, and push-button start are also available in the high-end trim.

Monthly payments

Buying a new car in South Africa often means taking out a vehicle finance contract from a local bank or financial services provider.

To see how much the monthly repayments are on the Jolion Super Luxury SUV – which retails for R398,900 – we used the values below.

  • Car Price – R398,900
  • Payment Term – 60 terms (5 years)
  • Interest – 9%
  • Deposit – 10%
  • Balloon – No balloon payment
  • Extras – No optional extras

This comes to a vehicle finance repayment of R7,500 per month over five years.

The total amount of interest you will pay on the finance agreement is R88,400 – with the total cost of the agreement coming to R452,700.

This excludes the 10% deposit paid upfront when taking out the loan.

Earning power

To see how much South Africans should earn to be able to “afford” this car finance plan, we turn to advice from financial experts.

It is recommended that you do not spend more than 20% of your gross monthly income on car payments.

Your gross salary is how much you earn before mandatory deductions, including income tax.

Using this percentage guideline, you should earn a monthly gross salary of R37,500 to “afford” the Haval Jolion Super Luxury SUV.

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