How much the monthly payments are on a Porsche 911 GTS – TopAuto
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Monday / 20 September 2021
HomeFeaturesHow much the monthly payments are on a Porsche 911 GTS

How much the monthly payments are on a Porsche 911 GTS

The new Porsche 911 GTS is set to arrive in South Africa later this year. Those purchasing the car through a vehicle finance plan can expect to pay at least R42,800 per month.

Porsche said the eighth-generation Carrera GTS includes a coupe, cabriolet, and Targa option – all of which are powered by a 3.0-litre, six-cylinder, turbocharged boxer engine.

This engine generates 353kW and 570Nm, and is paired with an eight-speed, dual-clutch transmission.

Porsche said buyers of the coupe version of the 911 GTS will also have the option of a seven-speed manual transmission, “with a particularly short throw”.

Additionally, the coupe and cabriolet models are fitted with Porsche Active Suspension Management and a sports chassis, putting them lower to the ground.

Pricing

The South African pricing for the new Porsche 911 GTS range is as follows:

  • Porsche 911 Carrera GTS – R2,290,000
  • Porsche 911 Carrera GTS Cabriolet – R2,490,000
  • Porsche 911 Carrera 4 GTS – R2,400,000
  • Porsche 911 Carrera 4 GTS Cabriolet – R2,600,000
  • Porsche 911 Targa 4 GTS – R2,600,000

Each model is sold with either a 3-year or 5-year Porsche Driveplan maintenance agreement.

Monthly instalments

To calculate how much you will pay per month when purchasing a new 911 GTS using a finance plan, we used the Carrera coupe model from the range.

The Porsche 911 Carrera GTS will sell for R2,290,000 when it launches, and is the most affordable option on offer.

This price was used in the formula below.

  • Car Price – R2,290,000
  • Payment Term – 60 terms (5 years)
  • Interest – 9%
  • Deposit – 10%
  • Balloon – No balloon payment
  • Extras – No optional extras

The result is a monthly car finance payment of R42,800. Total interest paid as part of the finance agreement then comes to R506,000.

Using this amount, we can also work out how much a prospective buyer should earn per month to be able to “afford” a new Porsche 911 Carrera GTS.

Financial experts recommend that you do not spend more than 20% of your gross monthly salary on vehicle payments. Your gross salary is what you earn before deductions, like income tax.

If you follow this guidance, you will need to earn R214,000 per month.

It must be noted that the calculations above do not include monthly insurance premiums and fuel costs.

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