- The cars
- Nissan Navara 2.5DDTi Single Cab XE
- Mazda CX-3 2.0 Active
- Haval Jolion 1.5T Premium
- VW Polo 1.0TSI 85kW Life
- Ford EcoSport 1.0T Active
- BAIC Beijing X55 1.5T Dynamic
- Hyundai Venue 1.0T Motion Auto
- Mahindra Pik Up 2.2CRDe Double Cab S6 Karoo
- Chery Tiggo 4 Pro 1.5T Elite SE
- JAC T6 2.8TDi Double Cab 4WD Lux
- Suzuki Jimny 1.5 GLX AllGrip Auto
- Mitsubishi ASX 2.0 ES Auto
- Kia Sonet 1.0T EX+
- Toyota Corolla Cross 1.8 XS
- Fiat Tipo Sedan 1.4 City Life
- Renault Duster 1.5dCi Intens
- GWM Steed 5 2.0VGT Double Cab SX 4WD
- Abarth 595 Turismo 1.4T
- Honda BR-V 1.5 Comfort
- Isuzu D-Max 1.9TD Single Cab
The average rent for properties in South Africa currently sits at R7,971 per month across all nine provinces, ranging from as low as R5,468 in Northwest to as high as R9,462 in Western Cape, reported BusinessTech.
As car prices continue their rampant rise in the country, it’s very easy to spend more per month on your daily driver than on the house it sleeps at overnight.
Assuming you are looking to purchase a vehicle on a finance plan with the aim of paying around R8,000 per month, we can calculate the maximum approximate selling price of that particular model by plugging this instalment into the following formula:
- Monthly instalment – R8,000
- Payment term – 60 terms (5 years)
- Interest – 10%
- Deposit – 10%
- Balloon – No balloon payment
- Extras – No optional extras
From this, we now know that to pay less for a car than for the average rental property in the country per month, it must have a selling price of R413,000 or less.
The cars
Listed below are the various vehicles you can buy in South Africa which will make your monthly car instalment roughly the same as the mean property rental rate.
Click on the underlined prices for more information.
Nissan Navara 2.5DDTi Single Cab XE
- Starting price – R383,500
- Power – 120kW/403Nm
- Fuel consumption – 7.2l/100km
Mazda CX-3 2.0 Active
- Starting price – R384,700
- Power – 115kW/206Nm
- Fuel consumption – 6.9l/100km
Haval Jolion 1.5T Premium
- Starting price – R384,950
- Power – 105kW/210Nm
- Fuel consumption – 7.5l/100km
VW Polo 1.0TSI 85kW Life
- Starting price – R391,400
- Power – 85kW/200Nm
- Fuel consumption – 5.4l/100km
Ford EcoSport 1.0T Active
- Starting price – R393,700
- Power – 92kW/170Nm
- Fuel consumption – 6.3l/100km
BAIC Beijing X55 1.5T Dynamic
- Starting price – R394,900
- Power – 130kW/305Nm
- Fuel consumption – 7.2l/100km
Hyundai Venue 1.0T Motion Auto
- Starting price – R394,900
- Power – 88kW/172Nm
- Fuel consumption – 6.9l/100km
Mahindra Pik Up 2.2CRDe Double Cab S6 Karoo
- Starting price – R397,999
- Power – 103kW/320Nm
- Fuel consumption – 7.9l/100km
Chery Tiggo 4 Pro 1.5T Elite SE
- Starting price – R399,900
- Power – 108kW/210Nm
- Fuel consumption – 6.8l/100km
JAC T6 2.8TDi Double Cab 4WD Lux
- Starting price – R399,900
- Power – 68kW/210Nm
- Fuel consumption – 10.5l/100km
Suzuki Jimny 1.5 GLX AllGrip Auto
- Starting price – R399,900
- Power – 75kW/130Nm
- Fuel consumption – 6.8l/100km
Mitsubishi ASX 2.0 ES Auto
- Starting price – R399,990
- Power – 110kW/197Nm
- Fuel consumption – 7.9l/100km
Kia Sonet 1.0T EX+
- Starting price – R399,995
- Power – 88kW/172Nm
- Fuel consumption – 6.0l/100km
Toyota Corolla Cross 1.8 XS
- Starting price – R401,800
- Power – 103kW/172Nm
- Fuel consumption – 6.8l/100km
Fiat Tipo Sedan 1.4 City Life
- Starting price – R404,900
- Power – 70kW/127Nm
- Fuel consumption – 5.7l/100km
Renault Duster 1.5dCi Intens
- Starting price – R404,999
- Power – 80kW/250Nm
- Fuel consumption – 4.8l/100km
GWM Steed 5 2.0VGT Double Cab SX 4WD
- Starting price – R406,950
- Power – 110kW/320Nm
- Fuel consumption – 7.9l/100km
Abarth 595 Turismo 1.4T
- Starting price – R409,900
- Power – 121kW/230Nm
- Fuel consumption – 6.0l/100km
Honda BR-V 1.5 Comfort
- Starting price – R409,900
- Power – 89kW/145Nm
- Fuel consumption – 6.8l/100km
Isuzu D-Max 1.9TD Single Cab
- Starting price – R411,800
- Power – 110kW/350Nm
- Fuel consumption – 7.3l/100km
Keyword: Cars you can buy for the same price as the average rent in South Africa