How much are car repayments on a new Renault Clio 5?
We take a closer look at the estimated monthly repayments you can expect to have to pay when purchasing a new Renault Clio through a finance agreement. We use a set of standardised parameters to give you an indication of what it will cost.
Financing a new car is the most widespread way of acquiring a new vehicle in South Africa. Banks and finance houses will purchase the vehicle on your behalf and allow you the use thereof while you pay them back in monthly instalments. If you're in the market for a new Renault Clio, then financing it will be the most logical way forward for you. Using a standardized formula, we can enter some parameters into the AutoTrader Finance Calculator and be able to tell how much the monthly instalments will be.
Related: Is the Renault Clio 5 a safe car?
The Renault Clio 5 is a cheerful, efficient and stylish hatchback that oozes class and panache. The pricing is agreeable and compatible with its market rivals with an extensive dealership network to cater for all your after-sales concerns. With pricing starting from R312 999 and a claimed average fuel consumption of only 5.7 l/100km and a range of 737 km from a tank, the compact Clio is light on your pocket.
Repayment costs
Three variants of the Renault Clio 5 are on offer; the 1.0 Turbo Life, 1.0 Turbo Zen, and 1.0 Turbo Intens. They all offer a varying level of trim and equipment and you'll be able to find out more about those trims here.
Calculating the repayment, we take the base price inclusive of VAT, with no extras and no consideration for the On The Road fees (which vary from dealership to dealership). We use a standard model of this price with a 10% deposit, no balloon or residual payment, and an interest rate of prime-plus 2% for a final rate of 13.25%, taken over a period of 72 months. Your individual credit profile will dictate what interest rate you qualify for so you will have to consult with your bank or the financial institution before calculating your specific repayments.
Renault Clio 5 1.0 Turbo Life
Price: R312 999
Estimated monthly repayment: R5 692 per month
Renault Clio 5 1.0 Turbo Zen
Price: R327 999
Estimated monthly repayment: R5 965 per month
Renault Clio 5 1.0 Turbo Intens
Price: R367 999
Estimated monthly repayment: R6 692 per month
*pricing correct at the time of publishing and subject to change without notice. Please ensure you check your own personal credit profile to ascertain what values should be entered into the finance calculator. Figures given serve only as a guideline and cannot be used for negotiation in the purchase deal.
