Cars you can afford for R10,000 a month in South Africa

Car prices are going up at an alarming rate, with fan-favourite models like the VW Golf R and Honda Civic Type R now retailing for close to R1 million.

Consequently, it can be hard to keep track of what you can afford on a household income these days, but the good news is that there are still plenty of options to choose from in the more affordable vehicle sector.

If you are considering purchasing a new car on a payment plan, it’s helpful to first set a benchmark price of what you can afford to pay each month before looking at specific models.

As an illustration, TopAuto used the following formula to calculate what the average person could afford with a R10,000 per month payment plan.

• Payment term – 60 terms (5 years)
• Interest – 11.25%
• Deposit – 0%
• Balloon – No balloon payment
• Extras – No optional extras

According to this, a R10,000 monthly instalment will net you a vehicle in the ballpark of R450,000.

What’s on offer

Below is a list of the types of cars that can be bought on a five-year payment plan in South Africa for just under R10,000 per month.

Click on the underlined prices for more information.

Suzuki Grand Vitara 1.5 GLX auto

• Starting price – R417,900
• Monthly payment – R9,233

JAC T6 2.8TDi double cab 4WD Lux

• Starting price – R419,900
• Monthly payment – R9,277

Peugeot 208 1.2T Allure auto

• Starting price – R419,900
• Monthly payment – R9,277

Renault Duster 1.5dCi Zen 4WD

• Starting price – R422,999
• Monthly payment – R9,345

Toyota Corolla Cross 1.8 XS

• Starting price – R426,700
• Monthly payment – R9,426

Citroen C3 Aircross 1.2T Feel

• Starting price – R429,900
• Monthly payment – R9,496

Fiat Tipo hatch 1.4 Life

• Starting price – R430,900
• Monthly payment – R9,518

BAIC Beijing X55 1.5T Elite

• Starting price – R434,900
• Monthly payment – R9,605

GWM P-Series 2.0TD double cab SX

• Starting price – R435,950
• Monthly payment – R9,628

Opel Corsa 1.2T Elegance

• Starting price – R436,900
• Monthly payment – R9,649

Kia Seltos 1.6 EX

• Starting price – R436,995
• Monthly payment – R9,651

Chery Tiggo 7 Pro 1.5T Distinction

• Starting price – R437,900
• Monthly payment – R9,671

Mitsubishi ASX 2.0 LS

• Starting price – R439,990
• Monthly payment – R9,716

Mazda CX-3 2.0 Dynamic auto

• Starting price – R443,700
• Monthly payment – R9,797

Honda BR-V 1.5 Comfort auto

• Starting price – R444,900
• Monthly payment – R9,824

VW Polo hatch 1.0TSI R-Line

• Starting price – R445,500
• Monthly payment – R9,837

Haval Jolion 1.5T Super Luxury

• Starting price – R446,950
• Monthly payment – R9,869

Hyundai Venue 1.0T Fluid auto

• Starting price – R447,900
• Monthly payment – R9,889

Proton X50 1.5T Standard

• Starting price – R449,900
• Monthly payment – R9,933

Mahindra Pik Up 2.2CRDe double cab 4×4 S6 Karoo

• Starting price – R449,999
• Monthly payment – R9,935