So let's say someone has as R200k deposit for a new vehicle. Over 60 months with 0% residual, the monthly payment is R9k. Yes, I know that does not cover insurance and whatnot.
That's expensive, but not ridiculous. People are willing to pay it, so I don't see the issue. Dual income household with good salaries, that isn't t such a tall order.
How is this more crazy than paying R750 (?) for dstv. Or R1k on internet. Or a R1k cellphone bill. Or R1-2k per month on restaurants. It's all relative and forfeiting small things like the aforementioned makes it more plausible and possible to buy that R600k vehicle.