Buying a new or used car is a big commitment, but it does not have to be daunting.
Everything from food to bills has become more expensive due to rising inflation rates. Many people are cost-cutting where they can to allow for a bit of breathing room every month.
Perhaps you are a recent graduate who has entered the workplace and is starting to make your mark. Becoming financially independent allows you to make purchasing choices to improve your quality of life. Owning a car certainly ticks all the boxes and gives you freedom of movement.
Most first-time buyers opt for the pre-owned market for something more affordable with decent mileage. According to Wesbank, the R150 000 to R200 000 price bracket is the most popular for potential buyers.
With the vast selection of cars available on Gumtree's classifieds, finding the one that's right for you can be challenging. Start by asking yourself how much you are prepared to spend on your car and be realistic about what you can afford.
Options to consider
For a vehicle priced at R200 000, you can expect to pay a monthly installment of approximately R3 988 with no deposit and taken over 72 months. Of course, those figures will differ if you have a deposit or decrease the repayment term.
Suzuki is the master of affordable offerings, which is why they are one of the top three best-selling automakers in South Africa. It's also no surprise that they have four models currently priced below the R200 000 mark. Besides being affordable, entry-level offerings are also very fuel efficient due to small-capacity engines and a lack of fancy technology.
Benefits of buying a new car
No one else has ever owned it, and there's a guarantee that it has no hidden secrets from previous owners.
You also get the advantage of a full manufacturer's warranty and, in most cases, a service or maintenance plan. These plans can vary from brand to brand in terms of length of validity periods and what's covered. Alternatively, you can also do research and compare.
New car dealers are often able to extend incentives to customers as well. These can range from discounts on models that will soon be replaced with new ones to preferential interest rates and the flexibility to offer generous trade-in assistance programs. While these incentives are obviously designed to lure buyers in, they can sometimes pay off in the long run. Don't be swayed into a purchase because of a free braai set or branded cap.
Gumtree lists the cars currently sold as brand-new in South Africa with a price tag of R200 000 or less:
Suzuki S-Presso - R162 900
Suzuki Celerio - R178 900
Renault Kwid - R180 999
Suzuki DZire - R193 900
Suzuki Swift - R194 900
Hyundai Atos - R199 900
Toyota Agya - R200 000
Now that you’ve got the knowledge, it’s time to shop! Head to gumtree.co.za or your Gumtree app (click for Apple & Android), and don’t forget to use your location settings to find local service information close to home.
Everything from food to bills has become more expensive due to rising inflation rates. Many people are cost-cutting where they can to allow for a bit of breathing room every month.
Perhaps you are a recent graduate who has entered the workplace and is starting to make your mark. Becoming financially independent allows you to make purchasing choices to improve your quality of life. Owning a car certainly ticks all the boxes and gives you freedom of movement.
Most first-time buyers opt for the pre-owned market for something more affordable with decent mileage. According to Wesbank, the R150 000 to R200 000 price bracket is the most popular for potential buyers.
With the vast selection of cars available on Gumtree's classifieds, finding the one that's right for you can be challenging. Start by asking yourself how much you are prepared to spend on your car and be realistic about what you can afford.
Options to consider
For a vehicle priced at R200 000, you can expect to pay a monthly installment of approximately R3 988 with no deposit and taken over 72 months. Of course, those figures will differ if you have a deposit or decrease the repayment term.
Suzuki is the master of affordable offerings, which is why they are one of the top three best-selling automakers in South Africa. It's also no surprise that they have four models currently priced below the R200 000 mark. Besides being affordable, entry-level offerings are also very fuel efficient due to small-capacity engines and a lack of fancy technology.
Benefits of buying a new car
No one else has ever owned it, and there's a guarantee that it has no hidden secrets from previous owners.
You also get the advantage of a full manufacturer's warranty and, in most cases, a service or maintenance plan. These plans can vary from brand to brand in terms of length of validity periods and what's covered. Alternatively, you can also do research and compare.
New car dealers are often able to extend incentives to customers as well. These can range from discounts on models that will soon be replaced with new ones to preferential interest rates and the flexibility to offer generous trade-in assistance programs. While these incentives are obviously designed to lure buyers in, they can sometimes pay off in the long run. Don't be swayed into a purchase because of a free braai set or branded cap.
Gumtree lists the cars currently sold as brand-new in South Africa with a price tag of R200 000 or less:
Suzuki S-Presso - R162 900
Suzuki Celerio - R178 900
Renault Kwid - R180 999
Suzuki DZire - R193 900
Suzuki Swift - R194 900
Hyundai Atos - R199 900
Toyota Agya - R200 000
Now that you’ve got the knowledge, it’s time to shop! Head to gumtree.co.za or your Gumtree app (click for Apple & Android), and don’t forget to use your location settings to find local service information close to home.
