BAIC's B40 Plus is now available with a brand new 8-speed ZF gearbox created by the German ZF Friedrichshafen AG engineering company. ZF gearboxes are used in cars such as Aston Martin and BMW.
If you're keen on buying a new BAIC B40 Plus, let's first look at its price. Pricing is current but can change at any time.
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Pricing
| BAIC B40 Plus 2.0TDi | from R 574 500 |
| BAIC B40 Plus 2.0TDi City Hunter | from R 604 500 |
| BAIC B40 Plus 2.0T | from R 609 500 |
| BAIC B40 Plus 2.0T City Hunter | from R 674 500 |
| BAIC B40 Plus 2.0T Champion | from R 699 500 |
The price includes a 5-year / 120 000 km warranty, but the 4-year / 60 000 km service plan is optional.
Choosing a model
In the spirit of frugality, we opted for a diesel model - the B40 Plus 2.0TDi City Hunter because it has considerably more bells and whistles for urban life. It's priced at R604 500; your diesel should get a bit further than petrol.
Please note that we decided not to opt for a balloon payment when we used our car finance calculator. Here's why.
Paying back your BAIC B40 Plus loan
Option 1: Zero deposit, no trade-in, pay over 72 months at 13.75% interest
R12 375 is your monthly instalment, the total interest paid is 286 528, and the total estimated repayment is around R891 028.
Option 2: Zero deposit, R350 000 trade-in, pay over 54 months at 13.75%
R6 347 is your monthly instalment, the total interest paid is R88 214, and your total estimated repayment is R342 714.
Option 3: R250 000 deposit, 0 trade-in, pay back over 60 months at prime rate (11.75%)
You'll pay R7 841 per month, your total interest is R115 957, and your total estimated repayment is R470 457.
Related: Car finance 101: Key terms explained
Remember, the higher your deposit or trade-in and the shorter your repayment period, the less interest you will pay. So save, save, save instead and don't fall into the balloon payment trap.
