How much the monthly instalments are on the new Lexus LX – TopAuto
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Monday / 4 July 2022
HomeFeaturesHow much the monthly instalments are on the new Lexus LX

How much the monthly instalments are on the new Lexus LX

The new Lexus LX will cost owners a minimum of R41,802 a month if bought on a finance plan, according to a calculation done by TopAuto.

This latest SUV promises a luxurious driving experience, with a revised adaptive variable suspension system delivering a smooth and comfortable ride even while off-road.

Furthermore, the high-tech LX is kitted out with a host of off-road features, including four driving modes, six different terrain response modes, and a crawl control feature to help maintain traction at low speeds on slippery surfaces.

It doesn’t end there, however, as the premium models offer a wide array of driver assistance features, too, including a pre-collision system with pedestrian and daytime cyclist detection, front and rear parking support brake with obstacle and vehicle detection, rear cross-traffic alert with braking, and dynamic radar cruise control.

In terms of performance, the entry-level LX is fitted with a 3.3-litre, V6, twin-turbo diesel motor which provides 225kW and 700Nm to the all-wheel-drive system.

A petrol version is also available with a 3.5-litre, V6, twin-turbo block, generating 305kW and 650Nm.

Both versions use a 10-speed automatic transmission and achieve a top speed of 210km/h, but the diesel has a much better fuel consumption at 8.3l/100km, compared to the petrol’s 11.3l/100km.

All versions of the new LX are sold with a 7-year/100,000km warranty.

Monthly payments

In order to calculate what the monthly payments on the entry-level LX would be, we can use the values below:

  • Car price – R2,206,600
  • Payment term – 60 terms (5 years)
  • Interest – 9.5%
  • Deposit – 10%
  • Balloon – No balloon payment
  • Extras – No optional extras

Using these figures, we arrive at a monthly payment of R41,802.

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

This means interested consumers will need to earn a minimum of R209,010 a month to “afford” the new Lexus.

It must be noted that this sum does not account for other ownership-related costs – such as insurance, fuel, and maintenance – which must also be included in your budget.

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