Answer
Oct 17, 2018 - 05:29 AM
Hi there
At a post-tax salary of R9 000 per month and a clean credit record, you should be able to get finance for a car with payments of around R2 000 per month, with a little left over for insurance. That would mean a basic value between R120 000 and R150 000. New, the only thing you could really get for that kind of money is a Renault Kwid, but there are plenty of nice pre-owned cars around at that price point as well.
Sidenote: Your overtime unfortunately doesn't affect the value of your car loan, as it is not considered to be a regular income. That means your overtime pay is a bonus for your pocket - and if you have some extra cash lying around, you could put that into paying off your car loan earlier. Doing so will reduce the interest you'll be paying, and leave you with more in your pocket once the car is fully yours.
Hope this helps!
The AskAutoTrader Team
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