Range Rover Velar – A R24,000-per-month kind of SUV – TopAuto
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Wednesday / 10 August 2022
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Range Rover Velar – A R24,000-per-month kind of SUV

If you plan to buy a new Range Rover Velar using a finance plan, then be prepared to pay R24,200 per month in instalments.

This is according to a calculation run by TopAuto.

The new Range Rover Velar offers enhanced connectivity, more driver assistance systems, extra customisation options, and a new limited-edition trim.

This special trim line is called the Auric Edition, which is a limited-run model that is based on the R-Dynamic S specification.

It comes with Auric Atlas exterior trim finishes, 20-inch “Mercurial Gloss Sparkle Silver” wheels, and three exterior colours.

The Auric Atlas is not the most-expensive model on offer, however. That honour goes to the Velar P400e R-Dynamic, with a starting price of R1,725,400.

The “entry-level” Velar – the D200 S – then starts at R1,293,800.

Monthly payments

To work out how much you will pay per month to buy a Range Rover Velar on a vehicle finance plan, we can use the starting price of the SUV and place it in the formula below.

  • Car Price – R1,293,800
  • Payment Term – 60 terms (5 years)
  • Interest – 9%
  • Deposit – 10%
  • Balloon – No balloon payment
  • Extras – No optional extras

The result is a monthly finance payment of R24,200.

Total interest paid over the agreement will then be R286,100.

If you opted for the top-end P400e R-Dynamic, you would pay R32,300 per month. The total amount of interest paid will be R381,500.

Buyers must also be aware of the fuel costs and insurance premiums associated with a high-end vehicle like the Range Rover Velar.

These items can easily add several thousand rand per month to your total-cost-of-ownership bill.

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