Vehicle prices

supersunbird said:
Midlevel car is about R300 000 in my opinion (thus about R5500 to R6000pm), what is your midlevel cars price?
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For 300k you're looking at something like a Polo these days. Wouldn't really call that a mid level car...
 
Don't always have to buy new, TBH. R220k in 2016 bought me a 2013 Honda CR-V with 65,000 km on the clock in great condition. Excellent family car. Monthly installment is just under R5k including an extended service plan and a small balloon at the end of the contract (had no other choice back then). Keeping this car until it's paid off, then I'll re-finance the balloon payment over a year or so for a small repayment and I'll keep bolting on service plans, as they're cheap and work well. Sure, warranty is done but it's a damn lekker car for not-new car money, with a ton of extras that pushes it into "luxury" category in my eyes.
 
supersunbird said:
As long as you then don't come moan, like the bus driver who is striking cause he bought a R5500pm Polo, instead of a Polo Vivo for half the price, on a R11 000 take home salary.
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Again, live and let live. .
What the next man does with is money has absolutely nothing to do with you unless it affects you financially. And where in the world is a Vivo half the price of a Polo? Shooting from the hip.
And the bus driver has every right to strike, R11k is very little if you have a family to look after.
 
Kosmik said:
I would say closer to the 400k mark for a largish family sedan. Wesbank calculator on R350k says monthly installment of R8.2k ( no residual, no deposit @ 13% over 60 months) . Add insurance and you looking probably close to R9k+. On a CTC of R50k, taxman will take about 30%, also pension, medical aid etc,so you have say 30k to spend. Thats for groceries, schooling , bond, credit card, entertainment etc. You would be effectively spending 1/3 of your disposable income on a new car. From my perspective and others, 1/3 is the normal calculation for a home.

By properly I mean no residual. Of course multiple salaries make a difference, this is working off a single one.
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What a depressing post, looking at that figures it means my chances of ever buying a brand new car are close to zero. I will have to be satisfied with driving second hand cars for a very long time. Because there is no way I can pay that kind of money for a car. I would be lying awake at night stressing about that car.
 
Ive spoken to couple at work about their fancy cars and asked how they afford them (knowing their salaries) and all have come back saying "I put a ballon at 30% on) or even 40%. I did want to throw up in mouth at the thought of doing that, knowing that there is still a large debt to paid.

They even said that they don't keep their cars for 3 years.

Which got me thinking, just buy those cars, cheaper and only 3 years old.
 
Cr419 said:
What a depressing post, looking at that figures it means my chances of ever buying a brand new car are close to zero. I will have to be satisfied with driving second hand cars for a very long time. Because there is no way I can pay that kind of money for a car. I would be lying awake at night stressing about that car.
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It is sobering to accept that the only car I can afford brand new without a balloon and deposit is a Datsun GO at a monthly installment of R3156 without insurance. I am now at peace with myself.
 
thechamp said:
It is sobering to accept that the only car I can afford brand new without a balloon and deposit is a Datsun GO at a monthly installment of R3156 without insurance. I am now at peace with myself.
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Sad, at these new prices I'll just have to keep my current car indefinitely.
 
Mike Hoxbig said:
For 300k you're looking at something like a Polo these days. Wouldn't really call that a mid level car...
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Then whats the Vivos and Figos and such at R200 000ish? If a Polo (and EcoSport and Captur and many others at around R300 000) and such is entry level and not midlevel?
 
supersunbird said:
Then whats the Vivos and Figos and such at R200 000ish? If a Polo (and EcoSport and Captur and many others at around R300 000) and such is entry level and not midlevel?
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Not sure, all these segments confuse me.

Would probably put the Polo etc. at the upper entry level.

Golf, Jetta etc. at the mid level and 3-series, A4 etc. at the upper mid level...
 
WaxLyrical said:
Given the long term cost of repairs and maintenance, the idea is to never own a car. Keep trading in and refinancing everytime the motorplan is about to expire.
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Aaah I was wondering when the Motorplan Koolaid would show up.

Motorplans themselves are the sham that allow for this logic.
 
Noseworthy said:
Ive spoken to couple at work about their fancy cars and asked how they afford them (knowing their salaries) and all have come back saying "I put a ballon at 30% on) or even 40%. I did want to throw up in mouth at the thought of doing that, knowing that there is still a large debt to paid.

They even said that they don't keep their cars for 3 years.

Which got me thinking, just buy those cars, cheaper and only 3 years old.
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yip, so the smart money is buy the car at 3 years old, when its taken its first hit,
its still newish, everything still works, and it still has a warranty in case things break.

so its overall, still the best deal, thats why auto pedigree does so well, as thats what they specialist in.
buying ex rental, and ex upgrade cars to sell onward.

id rather buy one of their cars, that are nearly new, then a NEW car, as you lose the most on a car after the first big hit.
best deal one can ask for.
 
eg2505 said:
yip, so the smart money is buy the car at 3 years old, when its taken its first hit,
its still newish, everything still works, and it still has a warranty in case things break.

so its overall, still the best deal, thats why auto pedigree does so well, as thats what they specialist in.
buying ex rental, and ex upgrade cars to sell onward.

id rather buy one of their cars, that are nearly new, then a NEW car, as you lose the most on a car after the first big hit.
best deal one can ask for.
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Mine was 1 year old with 25 000km when I got him (Frikkie die Figo), 22% less than the new price at the time.
 
supersunbird said:
Mine was 1 year old with 25 000km when I got him (Frikkie die Figo), 22% less than the new price at the time.
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great idea, did you ever do the calculation on how much you saved on Finance as new VS as Used,
for the same car?

would be interesting comparison, how much one saved going the used route, vs going the new route.
 
eg2505 said:
great idea, did you ever do the calculation on how much you saved on Finance as new VS as Used,
for the same car?

would be interesting comparison, how much one saved going the used route, vs going the new route.
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Just did some sums. About R43 000.

And I paid is off 17 months earlier than the 72 month term thus I saved even more.
 
supersunbird said:
Just did some sums. About R43 000.

And I paid is off 17 months earlier than the 72 month term thus I saved even more.
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so OP, there is your answer, buy nearly new/Demo vehicles, save the money
and dont buy a hideous audi/BMW/Mercedes SUV that depreciates faster than the foam on a cappuccino.

use your head, rather than your heart when buying a car, and save a bundle just in doing your sums right.
 
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