How much are car repayments on a Renault Sandero?

The model range and their pricetags

There are currently 3 derivatives in the Sandero range: the basic Sandero Expression (R 194 900), the Sandero Stepway Expression (the same thing, but with body cladding for R 208 900), and the top-trim Sandero Stepway Expression Plus (which has a bunch of extra tech features as standard, for R 228 900). They’re all powered by the same 0.9-litre turbocharged 3-cylinder petrol engine, good for 66 kW and 135 Nm, driving the front wheels through a 5-speed manual gearbox.

 

Related: Our review of the Sandero Stepway Plus described it as quite a bargain.

 

What influences my monthly repayment?

Your monthly repayment amount depends on many factors. Are you putting a deposit down or trading your existing car in? What is your existing car's book value? What about residual value? (Also known as a balloon payment, we don't recommend this at all, as this is a costly option!) And, over how many months will you be paying off your car?

 

Related: Car finance options explained - instalment with a balloon payment.

 

Let's take a look at the repayments

For the purpose of this exercise, we've entered the least-expensive Renault Sandero Expression, priced at R 194 900, into our finance calculator. We're not putting down a deposit, not opting for a balloon payment, and we're paying the car off over a 60-month period at an interest rate of 10% (this will vary according to individual credit data). The repayment works out at R4101.05 per month. Total interest on this transaction is R 53 562.94, and the total payment after 60 months comes to R 248 462.94. 

For the Sandero Stepway Expression, we did exactly the same. This one works out at a monthly repayment of R4439.51 with no deposit or residual, and an anticipated interest rate of 10 percent. Total interest is R 57 410.46 and the total payment amounts to R 266 310.46 after 60 months. Applying the same criteria to the range-topping Stepway Expression Plus, its monthly instalments will amount to R4836.45, with a total interest load of R 62 906.91and total payment of R 291 806.91 after 60 months.

 

Try it out for yourself

Now it's your turn. Click on AutoTrader's car finance calculator and enter the amount with your preferred criteria underneath, as we've already mentioned above. See how important it is to save for a decent deposit? It can make your life a whole lot easier if you have the discipline to save as much money as possible for a deposit, before signing any contracts – it will definitely have a positive effect on your payments and interest load.

Also remember that, while balloon payments might reduce the monthly instalments, it will leave you with an added debt load at the end of the finance agreement – which will then either have to be re-financed, repaid in a lump sum, or will be deducted from your Sandero’s trade-in value (should you decide to sell it).

 

Are there other options to buying a car?

Instead of buying a car, have you considered leasing one? There are quite a few pros to leasing instead of buying, including budget-friendlier repayments...

Related: Should you buy or lease a car?

 

* Pricing was accurate at the time of writing, and may change without any prior notice.

 

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