Cars you can afford in South Africa based on your income

• The cars
• Salary of R20,000 pm
• Suzuki S-Presso 1.0 GL – R156,900
• Renault Kwid 1.0 Life – R177,999
• Hyundai Atos 1.1 Motion – R196,900
• Salary of R30,000 pm
• Renault Kiger 1.0 Life- R214,999
• VW Polo Vivo hatch 1.4 Trendline – R243,600
• Toyota Urban Cruiser 1.5 Xi – R280,400
• Salary of R40,000 pm
• Renault Clio 1.0 Turbo Life – R309,999
• VW Polo 1.0 TSI – R329,900
• Toyota Corolla Cross 1.8 Xi- R360,400
• Salary of R50,000 pm
• Toyota Hilux 2.7 double-cab S – R479,200
• VW Taigo 1.0 TSI Life – R444,999
• Mahindra XUV700 2.0T AX5 – R474,999
• Salary of R60,000 pm
• Isuzu D-Max 1.9TD double-cab L – R511,400
• Kia Sportage 1.6T GDi LX – R539,995
• Nissan Qashqai 1.3T Visia – R568,200
• Salary of R70,000 pm
• Toyota Fortuner 2.4GD-6 – R623,200
• Honda Civic 1.5T RS – R669,000
• Volvo XC40 B3 Essential – R677,700
• Salary of R80,000 pm
• Ford Ranger 3.2TDCi double-cab Hi-Rider Wildtrak – R746,800
• Hyundai i30 N – R764,900
• BMW 318i – R767,894
• Salary of R90,000 pm
• Kia Sorento 2.2CRDi EX+ – R813,995
• Audi A5 Coupe 40TFSI – R834,300
• Lexus UX 250h SE – R874,300
• Salary of R100,000 pm
• Mercedes-Benz C200 coupe AMG Line – R908,113
• BMX X3 sDrive18d – R938,724
• Ford Everest 2.0 BiTurbo 4×4 Sport – R965,400

With so many cars available in South Africa, it can be difficult to decide which model is right for you, and more importantly, whether you can afford it.

While paying in cash is the quickest and easiest way to obtain a new vehicle, it’s not an option that is available to the majority of motorists in the country, so most buyers will need to consider a payment plan when choosing their next car.

There are several factors that must be taken into account when determining one’s car-buying budget, such as how long the payment period will be, the interest rate, what deposit you can afford, and whether to opt for a balloon payment.

We can use the following values as a base-line to work out what the monthly payments required to afford a new vehicle are:

• Payment term – 60 terms (5 years)
• Interest – 10%
• Deposit – 10%
• Balloon – No balloon payment
• Extras – No optional extras

Since financial experts recommend that you do not spend more than 20% of your income on vehicle payments, we can calculate what salary is required to afford a vehicle payment at each price point.

The cars

These are the types of cars you can reasonably afford at various price points, based on your monthly salary.

It’s also important to remember that there are other costs to be considered when buying a car, such as insurance, fuel, and maintenance.

Click on the underlined prices to visit TopAuto Car Prices where all the new cars on the market can be browsed and sorted.

Salary of R20,000 pm

Suzuki S-Presso 1.0 GL – R156,900

Renault Kwid 1.0 Life – R177,999

Hyundai Atos 1.1 Motion – R196,900

Salary of R30,000 pm

Renault Kiger 1.0 Life- R214,999

VW Polo Vivo hatch 1.4 Trendline – R243,600

Toyota Urban Cruiser 1.5 Xi – R280,400

Salary of R40,000 pm

Renault Clio 1.0 Turbo Life – R309,999

VW Polo 1.0 TSI – R329,900

Toyota Corolla Cross 1.8 Xi- R360,400

Salary of R50,000 pm

Toyota Hilux 2.7 double-cab S – R479,200

VW Taigo 1.0 TSI Life – R444,999

Mahindra XUV700 2.0T AX5 – R474,999

Salary of R60,000 pm

Isuzu D-Max 1.9TD double-cab L – R511,400

Kia Sportage 1.6T GDi LX – R539,995

Nissan Qashqai 1.3T Visia – R568,200

Salary of R70,000 pm

Toyota Fortuner 2.4GD-6 – R623,200

Honda Civic 1.5T RS – R669,000

Volvo XC40 B3 Essential – R677,700

Salary of R80,000 pm

Ford Ranger 3.2TDCi double-cab Hi-Rider Wildtrak – R746,800

Hyundai i30 N – R764,900

BMW 318i – R767,894

Salary of R90,000 pm

Kia Sorento 2.2CRDi EX+ – R813,995

Audi A5 Coupe 40TFSI – R834,300

Lexus UX 250h SE – R874,300

Salary of R100,000 pm

Mercedes-Benz C200 coupe AMG Line – R908,113

BMX X3 sDrive18d – R938,724

Ford Everest 2.0 BiTurbo 4×4 Sport – R965,400

Keyword: Cars you can afford in South Africa based on your income