10 cars you can buy for R10,000 a month – TopAuto
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Wednesday / 10 August 2022
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10 cars you can buy for R10,000 a month

Spending R10,000 a month on a car payment in South Africa gets you a variety of “mid-range” vehicles.

The most popular body styles within this price range are SUVs, double-cab bakkies, and hatchbacks.

While this budget might not buy you the most luxurious set of wheels, you will find a reliable daily driver with plenty of features.

Finance plan

If you’re buying a new car in South Africa, there is a good chance you’re taking a vehicle finance plan from a credit provider to pay it off.

Using the formula below, we calculated that a vehicle with a selling price of R530,000 will cost you R9,995 per month in finance payments.

  • Car Price – R530,000
  • Payment Term – 60 terms (5 years)
  • Interest – 9%
  • Deposit – 10% (R53,000)
  • Balloon – No balloon payment
  • Extras – No optional extras

This excludes monthly insurance premiums, petrol costs, and wear-and-tear items like tyres.

Financial experts also recommend that you do not spend more than 20% of your gross monthly salary on vehicle finance payments.

This means that you must earn R50,000 per month to “afford” a R10,000 monthly vehicle repayment.

With our budget in hand, we visited TopAuto Car Prices to find 10 vehicles with asking prices of under R530,000.

Mini Cooper Hatch 5-Door

  • Monthly Instalment R9,436
  • Power – 100kW/220Nm
  • Safety4-star Euro NCAP
  • Warranty – 2-year/unlimited kilometre warranty and a 5-year/100,000km maintenance plan.

Mazda CX-5 2.0 Dynamic Auto

  • Monthly Instalment R9,559
  • Power – 121kW/213Nm
  • Safety5-star Euro NCAP
  • Warranty – 3-year/unlimited kilometre warranty, service plan, and roadside assistance.

Subaru XV 2.0i-S ES

  • Monthly InstalmentR9,603
  • Power – 115kW/196Nm
  • Safety 5-star Euro NCAP
  • Warranty – 5-year/150,000km warranty and a 3-year/75,000km maintenance plan.

GWM P Series 2.0TD LT

  • Monthly InstalmentR9,620
  • Power – 120kW/400Nm
  • Safety – No official rating
  • Warranty – 5-year/100,000km warranty and a 3-year/40,000km service plan.

Haval H6 2.0T 4WD Super Luxury

  • Monthly InstalmentR9,714
  • Power – 150kW/320Nm
  • Safety – No official rating
  • Warranty – 5-year/100,000km warranty and a 5-year/60,000km service plan.

Abarth 595 Competizione 1.4T

  • Monthly InstalmentR9,745
  • Power – 132kW/230Nm
  • Safety3-star Euro NCAP
  • Warranty – 3-year/100,000km warranty and service plan.

Audi Q2 35TFSI Launch Edition

Toyota Hilux 2.4GD-6 Raider

  • Monthly InstalmentR9,818
  • Power – 110kW/400Nm
  • Safety5-star Australasian NCAP
  • Warranty – 3-year/100,000km warranty and a 9-services/90,000km service plan.

VW Tiguan 1.4TSI

  • Monthly InstalmentR9,828
  • Power – 110kW/250Nm
  • Safety5-star Euro NCAP
  • Warranty – 3-year/120,000km warranty and a 5-year/90,000km service plan.

Nissan Navara 2.5DDTi SE Plus Auto

  • Monthly InstalmentR9,958
  • Power – 140kW/450Nm
  • Safety5-star Australasian NCAP
  • Warranty – 6-year/150,000km warranty and a 6-year/90,000km service plan.

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