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Wednesday / 19 June 2024
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How much the monthly payments are on a new Renault Kiger SUV

An entry-level Renault Kiger will cost you R3,800 per month if purchased using a finance plan.

This makes the Kiger – which starts at R199,900 for the Kiger Life 1.0L – one of the most-affordable small SUVs in the country.

Renault said in addition to its attractive price, the Kiger offers a best-in-class boot space, sports 16-inch alloy wheels, provides 205mm of ground clearance, and has integrated roof rails that can carry up to 50kg.

Luggage capacity for the Kiger comes in at 405 litres with the rear seats up and 879 litres with all the seats down.

Powering this little SUV is a 1.0-litre, petrol engine that produces 52kW and 96Nm – and connects to a 5-speed manual or 5-speed automatic box.

For those who need more power, the top-of-the-line Renault Kiger Intens 1.0L Turbo CVT offers a 1.0-litre, turbo-petrol engine that produces 74kW and 160Nm – along with a CVT transmission.

This model retails for R289,900.

Each purchase includes a 5-year/150,000km mechanical warranty, with the following service plans:

  • Life – 2-year/30,000km service plan.
  • Intens – 3-year/45,000km service plan.

Monthly payments

To work out how much you will pay per month to buy a Kiger using a vehicle finance plan, we can use the calculation below.

  • Car Price – R199,900
  • Payment Term – 60 terms (5 years)
  • Interest – 9%
  • Deposit – 10%
  • Balloon – No balloon payment
  • Extras – No optional extras

The result for the entry-level Kiger is a monthly vehicle finance payment of R3,800. Total interest paid over the duration of the agreement is R44,400.

We can use the same formula to calculate how much a Kiger Intens 1.0L Turbo CVT will cost you.

The result is a monthly payment of R5,500, while the total interest paid over the agreement is R64,300.

It must be noted that the amounts above are for the finance payments only, and do not include insurance premiums and fuel costs.

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