Spending R10,000 a month on a car payment in South Africa gets you a variety of “mid-range” vehicles.
The most popular body styles within this price range are SUVs, double-cab bakkies, and hatchbacks.
While this budget might not buy you the most luxurious set of wheels, you will find a reliable daily driver with plenty of features.
Finance plan
If you’re buying a new car in South Africa, there is a good chance you’re taking a vehicle finance plan from a credit provider to pay it off.
Using the formula below, we calculated that a vehicle with a selling price of R530,000 will cost you R9,995 per month in finance payments.
- Car Price – R530,000
- Payment Term – 60 terms (5 years)
- Interest – 9%
- Deposit – 10% (R53,000)
- Balloon – No balloon payment
- Extras – No optional extras
This excludes monthly insurance premiums, petrol costs, and wear-and-tear items like tyres.
Financial experts also recommend that you do not spend more than 20% of your gross monthly salary on vehicle finance payments.
This means that you must earn R50,000 per month to “afford” a R10,000 monthly vehicle repayment.
With our budget in hand, we visited TopAuto Car Prices to find 10 vehicles with asking prices of under R530,000.
Mini Cooper Hatch 5-Door
- Monthly Instalment – R9,436
- Power – 100kW/220Nm
- Safety – 4-star Euro NCAP
- Warranty – 2-year/unlimited kilometre warranty and a 5-year/100,000km maintenance plan.
Mazda CX-5 2.0 Dynamic Auto
- Monthly Instalment – R9,559
- Power – 121kW/213Nm
- Safety – 5-star Euro NCAP
- Warranty – 3-year/unlimited kilometre warranty, service plan, and roadside assistance.
Subaru XV 2.0i-S ES
- Monthly Instalment– R9,603
- Power – 115kW/196Nm
- Safety – 5-star Euro NCAP
- Warranty – 5-year/150,000km warranty and a 3-year/75,000km maintenance plan.
GWM P Series 2.0TD LT
- Monthly Instalment– R9,620
- Power – 120kW/400Nm
- Safety – No official rating
- Warranty – 5-year/100,000km warranty and a 3-year/40,000km service plan.
Haval H6 2.0T 4WD Super Luxury
- Monthly Instalment– R9,714
- Power – 150kW/320Nm
- Safety – No official rating
- Warranty – 5-year/100,000km warranty and a 5-year/60,000km service plan.
Abarth 595 Competizione 1.4T
- Monthly Instalment– R9,745
- Power – 132kW/230Nm
- Safety – 3-star Euro NCAP
- Warranty – 3-year/100,000km warranty and service plan.
Audi Q2 35TFSI Launch Edition
- Monthly Instalment– R9,800
- Power – 110kW/250Nm
- Safety – 5-star Euro NCAP
- Warranty – 5-year/100,000km Audi Freeway Plan.
Toyota Hilux 2.4GD-6 Raider
- Monthly Instalment– R9,818
- Power – 110kW/400Nm
- Safety – 5-star Australasian NCAP
- Warranty – 3-year/100,000km warranty and a 9-services/90,000km service plan.
VW Tiguan 1.4TSI
- Monthly Instalment– R9,828
- Power – 110kW/250Nm
- Safety – 5-star Euro NCAP
- Warranty – 3-year/120,000km warranty and a 5-year/90,000km service plan.
Nissan Navara 2.5DDTi SE Plus Auto
- Monthly Instalment– R9,958
- Power – 140kW/450Nm
- Safety – 5-star Australasian NCAP
- Warranty – 6-year/150,000km warranty and a 6-year/90,000km service plan.
Keyword: 10 cars you can buy for R10,000 a month