Vehicle affordability
Estimate the monthly instalment
This is a planning estimate for normal hire purchase. It does not replace a finance quote, credit approval, insurance quote, or affordability assessment.
Finance breakdown
- Vehicle price
- R 0.00
- Deposit and trade-in benefit
- R 0.00
- Settlement added back
- R 0.00
- Principal financed
- R 0.00
- Monthly instalment excluding admin fee
- R 0.00
- Monthly admin fee
- R 0.00
- Total of monthly payments
- R 0.00
- Total customer cost including deposit and balloon
- R 0.00
Balloon payments reduce the monthly instalment but leave a final amount to settle, refinance or trade against. Keep the balloon conservative if the vehicle may lose value quickly.
This tool is for planning only. Banks may calculate fees, insurance, initiation charges, linked rates, affordability and settlement values differently.
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South African market context | May 2026
New vehicle sales are improving, but affordability still decides the deal
naamsa reported 596,818 new vehicle sales in 2025, up from 515,850 in 2024. Its May 2026 release reported 51,071 sales, compared with 45,275 in May 2025, a 12.8% year-on-year increase.
| Market figure | Reported value |
|---|---|
| 2025 full-year new vehicle sales | 596,818 |
| 2024 full-year new vehicle sales | 515,850 |
| May 2026 new vehicle sales | 51,071 |
| May 2025 new vehicle sales | 45,275 |
| May year-on-year change | +12.8% |
How to use the market context
More market activity may mean more stock movement, but it does not make every deal affordable. Your monthly cost still depends on the vehicle price, deposit, trade-in and settlement, interest rate, contract term, fees and balloon payment.
Test the same vehicle at zero balloon, 10%, 20% and 30%. Then compare the instalment with take-home pay, normal living costs and the final balloon amount before you speak to a dealer or bank.
Figures are based on naamsa media releases and are market context, not a prediction of prices, interest rates, stock availability or credit approval.
Sources: naamsa newsroom, 2025 full-year release, and May 2026 release.