The pandemic has led to a shift in car buying habits, with South Africans prioritising home and vehicle loans over other expenses.
Data published by credit union TransUnion shows that the average new vehicle loan amount is now R320,183 – reflecting a 6.5% increase compared to previous years.
Refinancing options, low-interest rates, renewed purchasing activity in the latest quarter, and a shift towards higher-priced vehicles have all contributed to this increase, TransUnion said.
However, the data shows that South Africans are prioritising certain expenses – such as vehicle and home loans – over other costs, and motorists are increasingly looking for a bargain.
Below are the cheapest options available in the country from the world’s top German carmakers. For comparison purposes, the cheapest hatchback, sedan and SUV from each manufacturer was selected.
The list was built using TopAuto’s new car price tool which allows you to compare every major new car for sale in South Africa right now.
Hatchback – Audi A1 Sportback 30TFSI – from R441,000
Sedan – Audi A3 sedan 30TFSI – from R529,410
SUV – Audi Q2 30TFSI – from R504,000
Hatchback – BMW 1 Series 118i – from R553,220
Sedan – BMW 2 Series 218i Gran Coupe – from R587,420
SUV – BMW X1 sDrive18d – from R679,582
Hatchback – A-Class A200 hatch Style – from R585,960
Sedan – Mercedes-Benz A200 sedan Progressive – from R622,840
SUV – Mercedes-Benz GLA200 – from R679,040
Hatchback – Volkswagen Polo Vivo hatch 1.4 Trendline – R220,300
Sedan – Volkswagen Polo sedan 1.4 Trendline – R249,200
Crossover – Volkswagen T-Cross 1.0TSI 70kW Comfortline – R345,700
SUV – Volkswagen Tiguan 1.4TSI Trendline – R513,500