CALCULATOR
Car Finance Calculator
See your monthly repayment, total interest, and the true cost of financing vs investing.
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Current prime minus X
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VEHICLE FINANCE
Understanding Car Finance in South Africa
When you finance a vehicle, you borrow the purchase price minus your deposit and repay over 36 to 72 months. Interest is linked to the Prime rate. A R500,000 car over 72 months at 11.5% costs roughly R643,000 in total.
Car Finance Calculator FAQ
What interest rate can I expect?
Rates vary based on your credit score. Expect Prime to Prime+3% for most buyers.
Should I choose a balloon payment?
A balloon lowers monthly payments but means a large final payment. Only if you plan to trade in.
How much car can I afford?
Keep total vehicle costs under 20% of your gross monthly income.
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