How much are car repayments on a new Jeep Gladiator?
Very few South Africans have the means to buy a vehicle outright with a cash purchase. The gross majority of vehicles are sold on finance agreements which require you to pay back the loan each month. Here's what you can expect the Jeep Gladiator to cost you each month in instalments.
The Jeep is synonymous with off-road adventures, carrying an unmistakable look and being infinitely moddable. Much like its two-wheeled American counterpart, the Harley Davidson, Jeep doesn't only offer you a means of transportation or a solution to a mobility problem, when you buy a Jeep you're buying into a lifestyle. This appeal has been around for decades with die-hard fans swearing by their Jeeps.
Related: Jeep Gladiator (2022) - First drive review
The Jeep Gladiator takes all that the Wrangler stands for and combines it with the practical nature of a double cab bakkie. This imposing machine can do it all. Need to run the kids to school? Gladiator. Want to go camping? Gladiator. Need to load up the dirt bikes? Gladiator. Dinner reservation? Gladiator. There isn't quite the same appeal from the run-of-the-mill double cabs and you may even feel a little foolish arriving at that exclusive event in anything but a Gladiator.
Monthly repayments
This presence comes at a price though and the Jeep Gladiator isn't cheap. As far as double cabs go, it's the most expensive option out there and there's only a single model to choose from: the Jeep Gladiator 3.6 Rubicon double cab for a cool R1 329 900 list price. But what will this cost you if you were to take it on a finance agreement and pay it off?
We headed over to the AutoTrader Finance Calculator and entered in a few values. We're looking at simulating a finance agreement for the list price of R1 329 900 with a 10% deposit/trade-in, no balloon/residual payment and over a period of 72 months. Individual interest rates vary depending on your own credit profile, but we're working on an interest rate of 12%.
Using this model, the Jeep Gladiator will cost you R23 400 per month excluding your mandatory insurance. At the end of the term, you would have paid back R487 877 in interest.
