I need some rough/ball park calculations done.

[cn@]

Say I want to buy a car of R150 000 and I can place a deposit of R50 000, what would the monthly payment be roundabout?

I'm considering buying a newer car than the old one I have. I'm aiming for a model not older than 3/4 years.

Also, if anyone has some useful tips and experiences they want to share with me, feel free!

 

[R13...]

You can get accurate calcs from any of the numerous bank websites playing around with interest rates.

 

[Akirky]

AbSA have an online calculator.

https://www.absa.co.za/personal/borrow/for-a-car/calculate/

 

[Pitbull]

Say I want to buy a car of R150 000 and I can place a deposit of R50 000, what would the monthly payment be roundabout?

I'm considering buying a newer car than the old one I have. I'm aiming for a model not older than 3/4 years.

Also, if anyone has some useful tips and experiences they want to share with me, feel free!

Less than R 3k about R 2 800 give or take, depending on the interest rate over 52 months.

There are tricks though, give 10% deposit only, get finance for the full value instead of the lesser, once approved drop the rest into the loan. You should get a better rate. But you need to play around with it a bit.

 

[$m@Rt@$$]

R3.5k over 3 years