5 Used Performance Cars for less than R4,500 p/m

[kingr]

We pick 5 used Performance Cars from our classifieds that can be yours for under R4,500 p/m.

This monthly figure is based off below:
Max Price: R200,000
Max Finance Term: 72 Months
Max Monthly Finance Cost: R4,500
Interest Rate: +- 12%
Deposit: R0.0
Residual/Balloon Payments: R0.0
Insurance Costs: Not included

2010 BMW 135i Coupe Sport AT 225kW
Price: R195,000
Mileage: 100,000km (low)




2013 FORD Focus 2 2.0 EcoBoost ST3 5-dr 184kW
Price: R189,000
Mileage: 104,500km (low)



2010 AUDI S5 Sportback quattro 3.0T FSI 5-dr S-Tronic 245kW
Price: R190,000
Mileage: 187,000km



2011 VOLKSWAGEN Golf 6 2.0 GTI 5-dr DSG 155kW
Price: R190,000
Mileage: 198,000km



2008 BMW 135i Convertible Sport AT 225kW
Price: R179,900
Mileage: 150,000km (low)

 

[MR_Y]

Sadly, most would look at this and say - why buy an older car without any Plan left, when I can buy a newer used car with a 40% balloon...

The smart question is whether a 40% balloon will cost less than the potential maintenance costs on the older car, over the finance term.

 

[kingr]

If you have more budget, like R150k more you can likely get performance cars still under OEM plan (warranty, service plan, maintenance plan).

The cons out-weight the pro's when it comes to buying a car on balloon payment.

We've even created an article going into detail about balloon payments and why they suck. Now having said that, I've personally bought a car on balloon and while I never took a financial loss while I had the car, at the end of the day I also had no equity in the car when I sold it. So I basically paid a premium to drive a car hassle-free for 4 years. It was my 2013 Ford Fiesta ST - don't regret it though, but won't do it again in a hurry or advise someone else to do it.

https://www.wheelindex.co.za/blog/3-cons-of-balloon-payment-finance?id=4U5FTPxeaQYsoeGSq4iKYk