The most affordable Porsche in South Africa is the Macan which retails from R1,184,000.
If you’d like to purchase the sporty SUV with a finance plan, you will need to earn at least R129,000 per month not to stretch your budget too thin, according to a calculation by TopAuto.
Despite being the cheapest option in the Porsche catalogue, the Macan is no less athletic than its siblings thanks to a 2.0-litre, turbocharged petrol engine generating 195kW and 400Nm, which connects to a seven-speed automatic transmission driving both axles.
With this setup, 100km/h arrives in 6.4 seconds, with an option to bring this down to 6.2 seconds, and a top speed of 232km/h is on the cards. There are Normal, Offroad, as well as Sports driving modes to cater to the situation at hand, too.
As a luxury brand, the Macan is also equipped with many nice-to-haves such as eight-way electric seats in leather, three-zone climate control, a 10.9-inch central touchscreen, keyless entry and start, a reverse camera, front and rear parking sensors, rain-sensing wipers, automatic LED lights, a Sports multifunction steering wheel, lane-departure warning, hill control, and 19-inch alloy wheels painted silver.
What you need to earn
To calculate the approximate monthly payments on the Macan when bought through a finance plan, we can plug the SUV’s starting price into the following formula:
- Car price – R1,184,000
- Payment term – 60 terms (5 years)
- Interest – 11.25%
- Deposit – 0%
- Balloon – No balloon payment
- Extras – No optional extras
According to this, the entry-level Porsche will require a minimum payment of R25,986 per month.
Financial experts then recommend that you do not spend more than 20% of your gross monthly salary on vehicle payments.
This means prospective buyers will need to earn in the realm of R129,930 to be able to “afford” the vehicle.
It’s worth nothing that this figure does not include insurance, fuel, and maintenance, which also need to be factored into a budget.
Keyword: How much you need to earn to afford the cheapest Porsche in South Africa