How much are car repayments on a new Jaecoo J7?
The Jaecoo J7 is the new SUV kid on the block from Chery's new Jaecoo marque. Launched in South Africa recently and setting the fashion-conscious ablaze, perhaps you're after a J7 but are unsure of the estimated monthly repayments. Don't worry, we've got you.
Making its debut in the South African market, Jaecoo's J7 is here to set the fashion conscious ablaze. We attended both the launch and pre-launch events for this vehicle which you can check out our thoughts accordingly.
Related: How reliable is the Jaecoo J7?
The J7 is a highly sophisticated vehicle with an upmarket fit and finish. It's for the driver who desires some adventure with substantial offroad performance and urban kerb appeal. The J7 is available in 2-wheel-drive or All-wheel-drive and comes equipped with a 1.6TGDI turbocharged petrol engine. It seems it's up to snuff with its 3 available variants, but how much are the monthly repayments for this vehicle? We investigate.
Jaecoo J7 Monthly Repayments
On AutoTrader, we use a standard finance model for car repayments. If you know what you qualify for, then you can skip ahead and try out the AutoTrader Finance Calculator tool to see your potential repayments. To calculate the monthly repayments for the aforementioned Jaecoo J7, though, we'll use a typical finance agreement with a 72-month term and a 10% deposit. You can have a balloon or residual payment, but we won't use that in this calculation. We'll use an interest rate of prime plus 2% for an interest rate of 13.75%. Your individual credit profile determines the interest rate, so you'll have to check what interest rate you qualify for. After our calculation, your payment will look like this for the three available variants:
Jaecoo J7 1.6T Vortex
Purchase price: from R549 900
Estimated monthly repayment: R10 132
Total interest: R234 583
Total estimated repayment: R729 493
Jaecoo J7 1.6T Glacier
Purchase price: from R599 900
Estimated monthly repayment: R11 053
Total interest: R255 913
Total estimated repayment: R795 823
Jaecoo J7 1.6T Inferno AWD
Purchase price: from R679 900
Estimated monthly repayment: R12 527
Total interest: R290 040
Total estimated repayment: R901 950
*Brand new vehicle pricing stated here was correct at the time of publishing and is subject to change without prior notice. Note also that the calculations here are based upon estimates.
If you're sold on a J7 after checking out indicative pricing here, then feel free to search AutoTrader for the latest used and new offerings and sell your car too.
