Whether you want to pay R5,000 or R60,000 per month for a new car, November’s vehicle launches have you covered.
Three standout vehicles which were released in the local market this month are the electric Audi e-tron, the Chery Tiggo 4 Pro small SUV, and the Lexus ES 250 luxury sedan.
The Chery Tiggo 4 Pro is aimed at weekend adventurers and starts at R269,900.
At the other end of the spectrum is the Audi e-tron, the latest luxury electric vehicle in the country – which goes up to R3,300,000 for the RS e-tron GT version.
In the middle we have the Lexus ES, with the 250 EX version selling for R719,900.
How much you will pay
To work out how much a prospective buyer will pay per month when buying one of these vehicles using a finance plan, we can use the formula below.
- Car Price – Vehicle Price
- Payment Term – 60 terms (5 years)
- Interest – 9%
- Deposit – 10%
- Balloon – No balloon payment
- Extras – No optional extras
The results of these calculation are detailed below.
The “entry-level” Audi e-tron 55 Advanced sells for R1,990,000.
This works out to a monthly finance instalment of R37,200. The total amount of interest you will pay over the contract is then R439,900.
At the top end sits the Audi RS e-tron GT, at R3,300,000
You will pay R61,700 per month in instalments to take this car home – with total interest coming in at R729,400.
Chery Tiggo 4 Pro
The Chery Tiggo 4 Pro starts at R269,900 for the 1.5 Urban 5MT model.
Monthly finance payments come in at R5,100, with total interest paid totalling R59,700.
The Chery Tiggo 4 Pro 1.5 Elite SE CVT then sells for R359,900
Buyers will pay R6,800 per month in instalments here, while total interest for the agreement comes to R79,800.
Those wanting a luxury sedan from Lexus can buy the new ES 250 EX for R719,900.
Using a finance plan will see you pay R13,500 per month in payments, while the total interest amount is R159,300.
The top-end Lexus ES 300h SE then sells for R948,400.
Instalments on this car come to R17,800 per month, with a total interest bill of R210,500.