Answer
Mar 29, 2022 - 03:40 AM
Hi there!
First off, well done on building a good credit record - that will serve you well in future!
Theoretically, you could qualify for car finance on your salary, but if it happens, it will only stretch to a car with a monthly instalment of about R 1200 (about R 80 000 - R 100 000) retail value. We'd recommend saving up for a few months, until you could present a deposit for about R 15 000 on such a transaction. Doing so will earn you a lower interest rate, and reduce the instalments as well.
As for the cars you should consider, remember to avoid heavily-depreciated old premium-brand cars, as those have a habit of becoming very expensive to run in the long term. Also avoid automatic gearboxes, turbo engines (petrol or diesel), and better steer clear of discontinued brands, as those will present difficulty in running long-term.
Hope this helps!
The AskAutoTrader Team
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