Toyota’s entry-level Corolla Cross will cost you R6,600 per month if you buy the car using an instalment plan.
This is according to a calculation performed by TopAuto.
The Corolla Cross is available in three specifications – Xi, Xs, and Xr – with the cheapest model, the 1.8 Xi, starting at R349,900.
Toyota has fitted a 1.8-litre, naturally-aspirated, petrol engine in this model, which produces 103kW and 173Nm and achieves a combined fuel consumption of 6.8l/100km.
At the top end, customers can buy the Corolla Cross 1.8 Hybrid Xr, which sell for R448,300 and features a 1.8-litre, petrol-hybrid powertrain.
The hybrid system provides a total power output of 90kW and connects to a CVT transmission.
Each model includes a 3-year/100,000km warranty and a six-services/90,000km service plan, as well as an 8-year battery warranty on the hybrid derivatives
To calculate how much you will pay per month to buy a Corolla Cross 1.8 Xi using a vehicle instalment plan, we can use the formula below.
- Car Price – R349,000
- Payment Term – 60 terms (5 years)
- Interest – 9%
- Deposit – 10%
- Balloon – No balloon payment
- Extras – No optional extras
The result is a monthly finance instalment of R6,600. The total amount of interest paid over the course of the finance plan will then be R77,400.
We can also use the formula above to work out how much the monthly payments are for the Corolla Cross 1.8 Hybrid Xr, which sell for R448,300.
The monthly instalments on this vehicle are R8,400, with total interest paid over the agreement R99,300.
It must be noted that these amounts are for the monthly finance instalments only.
They exclude items like car insurance premiums and fuel costs, which can add several thousand rand per month to the total cost of ownership.