Volvo recently launched a new entry-level model of the XC60 in South Africa – which sells for R750,094.
Called the XC60 B5 Momentum FWD, buying this SUV on a vehicle finance plan will see you pay R14,270 per month in instalments.
The new XC60 is marketed as the “more affordable” version in the line-up, thanks to its starting price being R139,000 cheaper than the previous entry-level model.
For your money you get a mild-hybrid powertrain that consists of a 2.0-litre, turbo-petrol engine paired with a 48-volt battery.
This system produces 183kW and 350Nm, with power put down to the front wheels through an eight-speed automatic transmission.
The B5 FWD boasts impressive fuel consumption figures thanks to its mild-hybrid system – coming in at a combined rate of 6.9l/100km.
It also provides a decent maximum braked towing capacity of 2,300kg.
Inside, drivers can expects the long list of usual Volvo features: including keyless entry, heated front seats, a wireless charger, a reverse camera, and all-round parking sensors.
Monthly payments
To calculate how much you will pay per month when buying an XC60 using a finance plan, we can use the SUV’s starting price and the formula below.
- Car Price – R750,094
- Payment Term – 60 terms (5 years)
- Interest – 9.5%
- Deposit – 10%
- Balloon – No balloon payment
- Extras – No optional extras
The result is a monthly finance payment of R14,270 per month.
The total amount of interest you will pay over the duration of the finance agreement is R175,910.
Included in the price is a 5-year/100,000km warranty and maintenance plan from Volvo, which will take care of your service costs and potential mechanical failures.
However, buyers will need need to take insurance premiums and fuel costs into account when planning their purchase.
These can add up to several thousand rand per month.
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