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Work out what you can afford

Two ways round the same sum: what a car costs a month, and what a monthly budget buys. Both include the fees a South African lender actually charges.

Buy within your budget

Tell us what you can afford each month and we will show you the cars.

R 341 250

Estimated buying power · 10.5% interest

How is your credit record?
Monthly payment
R 6 500
Total interest over 72 months
R 120 574
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What will it cost a month?

Estimated monthly instalment

R 6 664

includes the R 69 monthly service fee

A balloon lowers the instalment and leaves a lump sum to settle at the end.

Amount financed
R 351 208
Total interest
R 123 656
Balloon at the end
R 0
Total cost of the car
R 479 831
See cars at this price →

An estimate, not a quote. It assumes the R 1 208 initiation fee is added to the loan. A lender's offer depends on your credit record.

What is included

Initiation fee
R 1 208 — once off, added to the loan
Monthly service fee
R 69 a month
Prime rate
10.75%
Terms
12 to 84 months

Interest is what the loan costs you; the service fee is not interest, so it is shown beside the instalment rather than buried in it. What a lender finally offers depends on your credit record.

Rates by credit record

  • Excellent credit — 11.00%

    You pay your accounts on time and have done for years.

  • Good credit — 12.50%

    Mostly on time, maybe a late payment somewhere.

  • Fair credit — 14.50%

    A few missed payments, or not much credit history yet.

Lender rate cards

Typical margins over prime. Indicative, not offers.

Lender Excellent credit Good credit Fair credit Max term
Standard Bank 11.00% 12.50% 14.50% 72 months
ABSA 11.25% 12.75% 14.75% 72 months
Nedbank MFC 11.00% 12.25% 14.25% 72 months
FNB / WesBank 10.75% 12.25% 14.00% 72 months

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