Vehicle Finance: How Much Car Can You Afford? – SumZA Skip to content

Before buying a car in South Africa, it is crucial to understand how much you can truly afford. Many South Africans overspend on vehicles, leaving themselves financially strained.

The 20% Rule

Financial advisors recommend that your total vehicle expenses (including insurance, fuel, and maintenance) should not exceed 20% of your gross monthly income.

Hidden Costs

Beyond the monthly repayment, budget for insurance (usually 3-6% of vehicle value annually), fuel, maintenance, and registration fees.

Use our Vehicle Affordability Calculator to find your maximum vehicle price.