The EQA is the entry point to Mercedes-Benz's Battery Electric Vehicles (BEVs). It might be the first to consider from the brand should you want to explore a more environmentally friendly lifestyle. With a spacious cabin, premium finishes, intuitive technology, a large 430-litre boot, and a manufacturer-claimed range between 400 and 429 km, it is a practical choice for individuals or small families.
But you might want to know how much money you must spend monthly to own an EQA. Before we get into the calculations, remember that you can sell your car quickly and easily on our website to get your deposit ready before searching for new or used Mercedes-Benz EQA models on AutoTrader here.
Related: Everything you need to know about the Mercedes-Benz EQA
Mercedes-Benz EQA 250 monthly instalment
The Mercedes-Benz EQA is available locally in the EQA 250 Progressive and the EQA 250 AMG Line. Below, we calculate each variant's monthly instalment before looking at an alternative financing product offered by Mercedes-Benz. *Please note that the pricing listed in this article was correct at the time of writing; however, it can change at any time without notice.
Mercedes-Benz EQA 250 Progressive monthly repayment
The Mercedes-Benz EQA 250 in Progressive will cost you from R1 179 400 before any optional extras. This price includes a 2-year / unlimited-kilometre vehicle warranty, an 8-year / 160 000 km EV battery warranty, and a 5-year / 100 000 km maintenance plan. While individual credit scores will affect your personal interest rate on a vehicle finance application, we will use the median interest rate of 12% for this article.
Using the AutoTrader Car Finance Calculator, which can be found here, we input the total cost of the vehicle and provided a 10% deposit of R117 940, which is sometimes a requirement from financiers. We didn't include any balloon/residual payment options and selected a 5-year or 60-month repayment period. Based on these inputs, you can expect an estimated monthly instalment of R23 612.
The total estimated interest to be paid over the loan period will be R355 235 with the 12% rate, with the estimated total repayment resulting in R1 416 695 over the 60-month period.
Mercedes-Benz EQA 250 AMG Line monthly repayment
The Mercedes-Benz EQA 250 AMG Line benefits from a sportier appearance, with AMG bumpers front and rear, AMG trimmings in the cabin, and sport seats, to name a few. But all that extra style increases the price to R1 232 400 before any optional extras. This price includes a 2-year / unlimited-kilometre vehicle warranty, an 8-year / 160 000 km EV battery warranty, and a 5-year / 100 000 km maintenance plan.
While your personal credit score will affect the interest rate the financier offers you on a vehicle finance application, we will use the median interest rate of 12% for this article.
Using the AutoTrader Car Finance Calculator, which can be found here, we input the total cost of the vehicle and provided a 10% deposit of R123 240, which is sometimes a requirement from financiers. We didn't include any balloon/residual payment options and selected a 5-year or 60-month repayment period. You can expect an estimated monthly instalment of R24 673 based on these inputs.
The total estimated interest to be paid over the loan period will be R371 199 with the 12% rate, with the estimated total repayment resulting in R1 480 359 over the 60-month period.
Mercedes-Benz Agility Finance
Part of Mercedes-Benz Financial Services (MBFS) solutions is a product called Agility Finance. In short, this is a flexible finance solution that helps protect the customer from depreciation. The customer has to decide which Mercedes-Benz vehicle they want, provide the annual mileage they intend to cover, and decide how long they want to keep the vehicle.
For a limited time, Mercedes-Benz includes 12-month complimentary Comprehensive Motor Insurance and a complimentary wall charging box for all EQ models with its Agility Finance. Customers can decide on one of the following routes at the end of the term, which ranges from a minimum of 12 months to up to 60 months.
They can renew the agreement with a new model or keep the car but then have to pay the outstanding Guaranteed Future Value (GFV) amount or refinance that part. The last option is to hand back the vehicle, but the condition must be in line with the Fair Wear and Tear Policy. But for comparison, below is a breakdown of the rates at which the vehicle is financed with an estimated monthly instalment.
Mercedes-Benz EQA 250 Progressive on Agility Finance
The offer from Mercedes-Benz Financial Services is calculated on an EQA 250 with the Panoramic sliding sunroof, Electric Art, Night Package, 19-inch 5-spoke light-alloy and finished in Cosmos black. Agility Finance is offered at a rate of 7.75% and is linked to the MBFS prime lending rate over 48 months. Your interest rate will vary based on your credit profile.
This calculation is based on a 10% deposit, totalling R123 590, as the vehicle's retail price in this specification is R1 235 900. The Guaranteed Future Value (GFV) is set at 60.42% and linked to a maximum of 20,000 km per annum. Based on these financing parameters, you can expect an estimated monthly instalment of R 12 999. This will mean a total repayment price of R1 370 681.
Potential customers must consider a monthly service fee of R69, which is not included in the instalment, and an initiation fee of R1 207.50 that must be paid separately. Like the more traditional loan, this price includes a 2-year / unlimited-kilometre vehicle warranty, an 8-year / 160 000 km EV battery warranty and a 5-year / 100 000 km maintenance plan. Please note that this offer was valid when writing this article and would remain valid until 31 December 2024, but only while stocks last online and are subject to credit approval and no change in the prime lending rate.
