Anyone who is interested in taking home Haval’s new Jolion HEV will need to earn a minimum of R54,000 per month in order to purchase the vehicle on a finance plan, according to a calculation by TopAuto.
The hybrid version of the Chinese crossover is available in two trim levels, – the Luxury and Super Luxury – with prices starting at R549,950 and R579,950 respectively.
The main attraction of the new Haval is its electrified underpinnings, which consist of a 1.5-litre petrol engine combined with a small electric motor to produce a total of 140kW and 375Nm. This makes the Jolion HEV the most powerful as well as most fuel-efficient model in the line-up, scoring a conservative 5.0l/100km.
The car also offers full-electric, series hybrid, parallel hybrid, and regeneration drive modes, as well as Standard, Eco, Sport, and Snow driving settings.
For equipment, the Jolion comes with LED headlights and daytime running lights, 18-inch alloy wheels, rain-sensing wipers, a multifunction steering wheel, keyless start and entry, an electric driver’s chair, adaptive cruise control, lane-keep assist, hill assist, rear parking sensors, blind-spot detection, a reverse camera, automatic dual-zone climate control, six speakers, a 7-inch digital driver display, and a 10.25-inch infotainment unit with Apple CarPlay and Android Auto.
Those who opt for the Super Luxury can additionally expect heated front seats, a panoramic sunroof, a wireless phone charger, artificial leather upholstery, smart collision avoidance and secondary collision mitigation, a heads-up display, traffic jam assist, lane departure warning, a 360-degree camera, and a larger 12.3-inch media screen.
What you need to earn
We can use the following formula to calculate what the monthly payments on the new Haval Jolion HEV would be:
- Car price – R549,950 / R579,950
- Payment term – 60 terms (5 years)
- Interest – 10%
- Deposit – 10%
- Balloon – No balloon payment
- Extras – No optional extras
According to this, the crossover will require a payment of at least R10,611 per month for the Luxury or R11,185 per month for the Super Luxury.
Financial experts then recommend that you do not spend more than 20% of your gross monthly salary on vehicle payments.
This means that anyone who is interested in securing the new hybrid will need to earn a minimum of R53,055 per month to be able to comfortably “afford” the vehicle, which is increased to R55,925 per month if you would like the range-topping Super Luxury.
It must be stated, however, that this figure does not account for additional expenses such as insurance, fuel, and maintenance.
Keyword: What you need to earn to afford Haval’s new Jolion hybrid