Car Affordability Calculator South Africa

Introduction & Importance

Car affordability is a critical factor when considering purchasing a vehicle. Our calculator helps South Africans make informed decisions…

How to Use This Calculator

1. Enter your monthly income.
2. Enter your monthly debt.
3. Enter your down payment.
4. Select your loan term.
5. Enter the interest rate.
6. Click ‘Calculate’.

Formula & Methodology

The calculator uses the following formula to determine your affordable car price…

Real-World Examples

Data & Statistics

Average Car Prices in South Africa

Vehicle Type	Average Price (R)
Hatchback	150,000

Expert Tips

• Consider the total cost of ownership, not just the purchase price.
• Negotiate the price and interest rate.
• Shop around for the best loan terms.

Interactive FAQ

What is the 20/4/10 rule?

The 20/4/10 rule suggests spending no more than 20% of your gross monthly income on transportation, no more than 4 years on a car loan, and maintaining a car loan balance of no more than 10% of your vehicle’s value.

For more information, see the South African National Treasury and University of South Africa.