In a recent article, BusinessTech did some research on the value of cars that South Africans could afford based on different monthly salaries.
Using findings by analytics group Lightstone, which assumes that 20% of a person’s salary would go towards paying for a vehicle over a period of 5 years, BusinessTech found that a salary of R41, 600 could afford a brand new Mini Cooper convertible 1.6 MY16 worth R368, 000. Read more here.
According to BusinessTech findings via Lightstone, these are the cars you can afford with your salary in South Africa (financed over 5 years at 20%):
| Gross monthly salary | Car value* | Types of cars in range | Types of second-hand cars in range |
|---|---|---|---|
| R327 800 | R2 914 000 | Maserati Grandcabrio MC Automatic Cabriolet | Lamborghini Gallardo LP550-2 (2014) |
| R213 000 | R1 893 500 | Jaguar F-Type 5.0 V8 R Coupe AWD (2016) | Porche 911/997 3.8 Speedster Cabriolet PDK |
| R106 500 | R946 750 | Land Rover Range Rover Evoque 2.0 SI4 Autobiography (2016) | BMW 750i (2012) |
| R89 900 | R799 185 | BMW 440i Gran Coupe 8-SP Sports Model (2016) | Mercedes ML 500 Blue Efficiency 4×4 Automatic |
| R66 600 | R592 050 | Subaru Outback 3.6 RS AWD CVT (2016) | Toyota Landcruiser Prado 3.0 DT VX (2013) |
| R58 200 | R517 380 | Audi A4 2.0T FSI Sport S-Tronic (2016) | Jaguar XF 3.0D S Premium Luxury (2012) |
| R49 900 | R443 600 | Kia Sportage 2.0 AWD (2014) | Mitsubishi Pajero BK 3.2 DI-DC GLS (2012) |
| R41 600 | R369 800 | Mini Cooper Convertible 1.6 (2016) | Toyota Fortuner 3.0 D-4D 4×4 DSL Limited Edition |
| R33 300 | R296 000 | Mazda 3 2.0 Individual 5-DR (2014) | Audi TT Coupe 1.8T FSI |
| R23 300 | R207 130 | Hyundai i20 1.2 Motion 5-DR (2015) | Ford Ecosport 1.0 Ecoboost Titanium |
| R16 600 | R147 570 | Toyota Etios SD 1.5 XI (2015) | Honda Ballade 1.5 Elegance Automatic |
| R10 000 | R88 900 | Geely LC 1.0 GS 5-DR | Kia Picanto 1.0 5-DR (2011) |
| R6 300 | R53 340 | -“ | Chery QQ3 0.8 TE 5-DR |
Source: BusinessTech
