Since its entry to the local market, Haval has been pricing its product range competitively and as a result, more and more South Africans have been opting for the Chinese vehicles. The Haval H9, while big in its dimension, the price remains small in comparison to other models competing in the same segment.
Related: Haval H9: When luxury becomes a high-value proposition
The Haval H9 range consists of one derivative which incorporates a 2.0-litre, turbocharged, 4-cylinder, petrol motor coupled to an 8-speed automatic transmission. The combination results in the seven-seater delivering 180 kW and 350 Nm of torque to all four of its wheels. The Haval H9 2.0T 4WD in Luxury specification, comes to market at R 649 900 and here is how much the estimated monthly repayments will be.
Formula
Here is our formula used in calculating the estimated monthly repayment. We used the base price of the vehicle excluding optional extras and calculated it over a 72-month repayment period without a balloon or residual payment. The interest rate is set at 12% with a 10% deposit included. To follow along with our calculation or easily calculate the estimated repayments on another vehicle, feel free to use the AutoTrader Car Finance Calculator.
Estimated monthly instalment
Using the criteria set out above, we calculated that the estimated monthly instalment on a Haval H9 2.0T 4WD Luxury is R 11 435.10 over the 72 months, the total amount of interest accumulated is R 238 417.42 resulting in the total repayment being R 823 327.42 even with the 10% or R 64 490.00 deposit.
Important considerations
Readers should note that vehicle prices can change due to the exchange rate and that these calculations are only a guide. As of January 2021, the price listed for the Haval H9 2.0T 4WD Luxury is correct. The instalments calculated was done using our AutoTrader Finance Calculator and individual finance applications might see the final amount differ as a variety of factors will play a part such as banking fees and your individual credit profile.
Recommended next:
