VW Golf 8 GTI – How much monthly finance payments are – TopAuto
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Tuesday / 30 November 2021
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VW Golf 8 GTI – How much monthly finance payments are

The VW Golf 8 GTI is finally here, and prospective buyers can pick one up for R12,500 per month using a vehicle finance plan.

The Golf 8 GTI is now available to order in South Africa at a starting price of R669,300, with units set to be delivered from September 2021.

For your money you receive one of the most iconic hot hatchbacks of all time, packing a 2.0-litre, four-cylinder, turbo-petrol motor that develops 180kW and 370Nm.

This takes the front-wheel-drive GTI from 0-100km/h in 6.4 seconds, while power is controlled by a seven-speed DSG automatic transmission.

No manual transmission option will be available locally.

Buyers will also receive a 3-year/120,000km warranty, 5 year/90,000km EasyDrive Service Plan, and a 12-year anti-corrosion warranty as standard.

Finance payments

To calculate how much monthly vehicle finance payments are on a new VW Golf 8 GTI, we took the starting price of R669,300 and placed it into the formula below.

  • Car Price – R669,300
  • Payment Term – 60 terms (5 years)
  • Interest – 9%
  • Deposit – 10%
  • Balloon – No balloon payment
  • Extras – No optional extras

The result is a vehicle finance payment of R12,500 per month, with total interest paid over the agreement coming to R148,100.

This excludes monthly insurance premiums, petrol costs, and wear-and-tear items like tyres – which will need to be budgeted for accordingly.

How much you should earn

We can also see how much a prospective Golf 8 GTI buyer should earn to “afford” the car, based on the finance payments amount.

Financial experts recommend that a car buyer does not spend more than 20% of their gross monthly salary on vehicle payments.

Following this guideline, the required monthly income for a GTI buyer is R62,500.


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