In today’s South African economy, you might want to think twice before buying a car on finance because their cost has all gone up.
However, there are still economical cars you can afford to buy, Suzuki cars under R300,000 with an average monthly installment of R4,750.
Today we’ll take a look at Suzuki brand-new cars under R300k.
Let’s dive right in.
How Much Salary Do You Need to Qualify?
As indicated, these cars average installment under R5,000, so let’s start looking at your salary to build a realistic affordability plan.
To qualify for cars under R300,000 depending on your credit profile, you must earn a monthly take-home salary of at least R15,500.00.
From that salary, subtract all the other personal, house-hold expenses, and monthly savings – if you have. The remaining figure will give you glimpse of whether you’ll be able to afford the car or not.
A car will come with other expenses such as fuel, insurances and annual service maintainance. As much as the car install is R4,750.00, it might end up at R6,000.00 per month to maintain the car.
Think about and ask yourself – Do I qualify?