The minimum salary needed to afford the BYD Dolphin

Daniel Puchert

Daniel Puchert

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To build my dream dolphin, I'll need a reproductive-age male and female dolphin, a small sea, and some fish to keep them all nourished.
 
What are the car insurance premiums on a car like this compared to a combustable engine car? The same?
 
While I heavily disagree with the extra taxes on EVs, which do inflate the price substantially as MyBB has previously shown...

Cars have become a fair bit more expensive in SA over the last few years. This is less than a Ford Puma. Basically the Fiesta rebrand. Though I suppose they are not you're grandpa's "Fiesta" anymore.
 
The article assumes people make good financial decisions, like not having a balloon payment and limiting the terms of the purchase.

If you follow the typical Saffer and their obsession with living beyond their means, then you trade in your current car for R100k, and have a 72 month payment term with a 30% balloon payment. Meaning you only need to earn R37k per month to be able to afford the cheap model. Then when the 72 months are up, you refinance or trade the car in for something else.

Best to never actually own the car, and then when some financial crisis befells you, and the bank repossesses the car, blame the evil white monopoly capital who are trying to keep the working man down by taking your car away for no reason!.
 
SilverCode said:
The article assumes people make good financial decisions, like not having a balloon payment and limiting the terms of the purchase.

If you follow the typical Saffer and their obsession with living beyond their means, then you trade in your current car for R100k, and have a 72 month payment term with a 30% balloon payment. Meaning you only need to earn R37k per month to be able to afford the cheap model. Then when the 72 months are up, you refinance or trade the car in for something else.

Best to never actually own the car, and then when some financial crisis befells you, and the bank repossesses the car, blame the evil white monopoly capital who are trying to keep the working man down by taking your car away for no reason!.
Click to expand...

You are just angry because you still drive a Tazz.
 
SilverCode said:
The article assumes people make good financial decisions, like not having a balloon payment and limiting the terms of the purchase.

If you follow the typical Saffer and their obsession with living beyond their means, then you trade in your current car for R100k, and have a 72 month payment term with a 30% balloon payment. Meaning you only need to earn R37k per month to be able to afford the cheap model. Then when the 72 months are up, you refinance or trade the car in for something else.

Best to never actually own the car, and then when some financial crisis befells you, and the bank repossesses the car, blame the evil white monopoly capital who are trying to keep the working man down by taking your car away for no reason!.
Click to expand...

An even more South African way is to justify the trade in because one needs to service the car. Since I don't feel like replacing the brake pads on our 17 yr old Atos, let me go trade it in and get a new car. Better than spending R250 and an hour of my time.
 
SilverCode said:
The article assumes people make good financial decisions, like not having a balloon payment and limiting the terms of the purchase.

If you follow the typical Saffer and their obsession with living beyond their means, then you trade in your current car for R100k, and have a 72 month payment term with a 30% balloon payment. Meaning you only need to earn R37k per month to be able to afford the cheap model. Then when the 72 months are up, you refinance or trade the car in for something else.

Best to never actually own the car, and then when some financial crisis befells you, and the bank repossesses the car, blame the evil white monopoly capital who are trying to keep the working man down by taking your car away for no reason!.
Click to expand...
This sounds like you're upset at someone and found this as an excuse to rant
 
SilverCode said:
The article assumes people make good financial decisions, like not having a balloon payment and limiting the terms of the purchase.

If you follow the typical Saffer and their obsession with living beyond their means, then you trade in your current car for R100k, and have a 72 month payment term with a 30% balloon payment. Meaning you only need to earn R37k per month to be able to afford the cheap model. Then when the 72 months are up, you refinance or trade the car in for something else.

Best to never actually own the car, and then when some financial crisis befells you, and the bank repossesses the car, blame the evil white monopoly capital who are trying to keep the working man down by taking your car away for no reason!.
Click to expand...
Pretty sure my first EV will be 2nd hand. It just makes sense until SARS stops beating on EVs. The 2nd market hasn't warmed up much here yet, but inevitably it will.

But, I'm more one to own a vehicle, not rent. And the whole revolving balloon credit payment financing is essentially somewhat more affordable rentals. That said... Not a bad deal, for people who would otherwise rent long term. EV's are fundamentally longer lasting too. Especially with the class of batteries lately. In any case, many service milestones you can practically bank on, and a fair nebulous cloud of potential service emergencies - Simply can't occur with an EV, because the parts involved do not exist in them.
 
If nothing else ... it is incredible how insanely expensive cars has become since 10 years ago.
 
bet you I can get approved by earning 30k a month, dealers can just make the numbers work to get the sale :p
 
Gtx Gaming said:
bet you I can get approved by earning 30k a month, dealers can just make the numbers work to get the sale :p
Click to expand...
You get tons of these with silly numbers like 100km on the clock 2nd hand online. And an appreciable little discount in some cases. I sometimes think the world's demos might be dumped here lol

But yeah... I'm waiting for something like a 2nd hand Volvo EX30 to be that price. Or less.
 
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