There are many things to take into account when it comes to buying a new or second hand car – one major factor being your budget.
So, what should you do? The first thing you should look at before splurging out a fortune for a car, is take a look at your salary. Would you rather drive a flashy car while experiencing a financial struggle, or would you drive a decent car and live a comfortable lifestyle?
According to Lightstone analytics, there are particular types of vehicles, which a car buyer could typically afford in line with that salary.
The pricing is based on:
- 20% coming off an individual’s salary to go towards vehicle repayments
- A prime interests rate of 12.5%
- A car repayment over a period of 5-years
- The car’s stock price – excluding extras or other related costs
- No deposit made in buying a car
- 100% financing
- Initiation fees
Checkout the below infographic to find out which car in South Africa your salary can afford!
Infographic by AutoTrader
Thinking about selling your car? Or, are you trying to figure out how to sell your used car and at the same time, get the best car resale value out of it?
By selling to CarZar, you receive cash in hands! This means more flexibility to purchase at any dealership, higher bargaining power to negotiate a really good discount and you will not incur any hidden retail costs.
Find out your car resale value by getting a free instant online quote on CarZar.co.za and book an obligation-free inspection at one of CarZar’s Car Buying Centres in Cape Town or Johannesburg, or at your preferred location in Cape Town or Port Elizabeth.
At CarZar, we buy cars for cash instantly! This means we make an instant payment once you accept our final cash offer at your CarZar inspection.
Opt in for a car more budget-friendly and have peace of mind of a comfortable lifestyle!