Ford Ranger Raptor Special Edition on a finance plan – How much you pay per month – TopAuto
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Monday / 17 January 2022
HomeFeaturesFord Ranger Raptor Special Edition on a finance plan – How much you pay per month

Ford Ranger Raptor Special Edition on a finance plan – How much you pay per month

Ford’s top-end bakkie the Ranger Raptor Special Edition will cost owners R18,100 per month if they buy the vehicle using a finance plan.

The Raptor Special Edition sells for R965,300 in South Africa and packs a range of awesome features.

This includes exclusive black decals with red highlights running over the bonnet, roof, sides, rear wings, and tailgate – and the fact it will be produced in limited numbers.

Powering the bakkie is a 2.0-litre, bi-turbo diesel engine paired to a 10-speed automatic transmission.

This set-up produces 157kW and 500Nm, with power put to the ground via a terrain management system.

In terms of “bakkie credentials”, the Raptor Special Edition offers:

  • Maximum payload capacity – 607kg
  • Maximum braked towing capacity – 2,500kg
  • Maximum water wading depth – 850mm

Instalments

To calculate how much you will pay per month in instalments when purchasing a Ford Ranger Raptor Special Edition using a finance plan, we can use the formula below.

Placed into the formula is the bakkie’s starting price of R965,300.

  • Car Price – R965,300
  • 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 R18,100.

The total amount of interest a buyer will pay over the duration of the agreement is R213,500.

Required earnings

We can also use this finance amount to work out how much a prospective buyer should earn to be able to “afford” the Raptor Special Edition.

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

Applying this rule to the finance payment above results in a required monthly salary of R90,500.

It must be noted that this excludes insurance premiums and fuel costs, which can add several thousand rand to your monthly cost-of-ownership bill.

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