Here are 5 new cars on sale right now for under R3 000 per month over 72 months.
Times are tough and as the COVID-19 pandemic continues to thrash the local economy, many consumers have lost incomes and buying power. This will undoubtedly have a negative impact on the automotive sector going forward but there are also many consumers who are looking to buy-down in an effort to reduce costs. If your income is intact then now may be the best time to buy a new car as new car prices are expected to rise substantially as a result of the devastating impact on the Rand/Dollar exchange rate. It's also worth noting that the reduction of the repo rate in April 2020 will boost car-buying incentive in the short to medium-term while also encouraging sales from consumers who were previously unable to make a purchase.
Also see: 6 Lockdown Car Buying Tips
If you are a buyer looking for a new car priced under R162 000 and can afford to pay up to R3 000 per month over 72 months (6 years) then this list is for you.
As a minimum safety requirement, we have only included vehicles that feature a minimum of 2 airbags and ABS as standard, which conforms to the safety requirements for our #CarsAwards budget car category. The monthly repayment of R3 000 is calculated over 72 months with no deposit, no residual and the interest rate set at 10%.
The cars on this list are ordered from the cheapest to the most expensive and prices are correct as of July 2020.
1. Suzuki S-Presso - From R139 900
The new Suzuki S-Presso came to market just as South Africa went into lockdown in response to the COVID-19 pandemic but the S-Presso is currently the cheapest car on sale in South Africa with pricing starting at R139 900. More so, most of the S-Presso derivatives are priced below the R162 000 cut-off and make use of a 50 kW/90 Nm 1.0-litre petrol engine. A 5-speed manual and 5-speed automated manual transmission is available to buyers.
Estimated monthly repayments are from R2 592 over 72 months.
2. Mahindra KUV100 NXT K2+ – From R148 999
Mahindra updated its KUV100 NXT range in South Africa in 2018. The entry-level K2+ derivative, which costs R148 999, is powered by a 1.2-litre, 3-cylinder petrol engine with 61 kW and 115 Nm of torque and mated with a 5-speed manual transmission. With the new entry-level version, Mahindra is clearly targeting high-volume cars such as the Renault Kwid and Datsun Go but the Indian firm offers good safety specification, for which they deserve a round of applause.
Monthly repayments for the Mahindra KUV100 NXT K2+ is estimated at R2 760 over 72 months.
3. Suzuki Celerio 1.0 GA / GL – From R149 900
The former Cars.co.za Consumer Awards – powered by WesBank budget car category winner is a great choice in this segment and the facelifted version is more attractive than before. It's powered by a 1.0-litre petrol engine with 50 kW and 90 Nm of torque mated with a 5-speed manual transmission. The Celerio's biggest drawcard is its space offering with a sizable load bay (with a claimed capacity of 235 litres), which expands to 1 034 litres with the rear seatback folded flat. The Celerio GA is sparsely specced, but the GL derivative represents good value in this segment.
If you opt for the base Celerio GA, your monthly repayment over 72 months will be approximately R2 777.
Read our review of the Suzuki Celerio 1.0 GL
4. BAIC D20 1.3 Comfort – From R149 990
The untested, Chinese-built BAIC D20 arrived in South Africa in 2017 and this particular derivative is powered by a naturally aspirated 1.3-litre petrol engine with 75 kW and 128 Nm of torque. A 5-speed manual transmission is standard.
Monthly repayments for the BAIC D20 1.3 Comfort over 72 months is estimated at R2 779.
5. Renault Kwid 1.0 Expression - R156 900
A thoroughly revised Renault Kwid was launched in South Africa and apart from its fresh styling, the entire range is now equipped with ABS and dual airbags. The same 1.0-litre, 3-cylinder engine is found under the bonnet and it offers 50 kW and 91 Nm of torque. Buyers can choose between a 5-speed manual transmission or a 5-speed Automated Manual Transmission (AMT) across all 3 derivatives including Expression, Dynamique and the range-topping Kwid Climber.
Monthly repayments are estimated at R2 907 for the base-spec Kwid 1.0 Expression.
Budget Car Comparison
Watch our latest budget car comparison for further buying advice and insight into South Africa's budget car market.