Discover Your Dream Car: 26 Affordable Vehicles for South Africa’s Average Income

Published by
WIlliam Dube
  1. South Africa’s average salary of R26,032 per month allows individuals to afford 26 different passenger vehicles, assuming they spend no more than 25% of their monthly income on vehicle-related costs.
  2. The most affordable car is the Suzuki S-Presso, while options like the VW Polo Vivo hatchback and Toyota Urban Cruiser crossover SUV are available for those closer to the recommended spending limit.
  3. Despite the recent interest rate hike by the South African Reserve Bank, numerous passenger vehicles remain accessible to South Africans, catering to a range of budgets and preferences.

South Africa’s average salary has seen a 9.2% increase from the fourth quarter of 2021, allowing individuals to afford a wider range of passenger vehicles currently available on the market. According to Stats SA’s most recent Quarterly Employment Survey (QES), the average salary in South Africa is now R26,032 per month. With this income, it is possible to afford 26 different passenger vehicles, assuming no more than 25% of one’s monthly salary is spent on vehicle-related costs.

The University of Cape Town’s Liberty Institute of Strategic Marketing reveals that a household needs to earn around R22,000 to be considered middle class in South Africa. This means that the average formally-employed non-agricultural worker in the country fits into the middle-class category. Industry experts recommend spending no more than 25% of one’s gross monthly income on vehicle financing, which equates to approximately R6,500.

The South African Reserve Bank’s (SARB) Monetary Policy Committee recently surprised market expectations by increasing the interest rate by 50 basis points – 25 points more than what economists and analysts forecasted. This rate hike is the ninth in the current cycle, with a total adjustment of 425 basis points since November 2021. Rates are now at their highest point in 13 years (June 2009), when the global financial crisis impacted the local currency.

To determine the affordability of vehicles, calculations were made using Wesbank’s repayments calculator, assuming a 0% deposit for car financing and excluding any additional fees incurred during the loan’s inception. The cars are financed over five years (60 months) at an annual interest rate of 11.25% – following the SARB’s rate hike, taking the prime rate from 10.75% to 11.25%.

The most affordable car on the market is the Suzuki S-Presso, with a starting price of R165,900. Financing this car would require a monthly instalment of around R3,723 – close to 14% of the average monthly salary in South Africa. On the other hand, those willing to spend closer to the recommended limit can consider purchasing the VW Polo Vivo hatchback or the Toyota Urban Cruiser crossover SUV, requiring monthly instalments of R5,932 and R6,288, respectively. Financing these vehicles would account for 23% and 24% of the average monthly salary in South Africa.

Affordable Vehicles for South Africa’s Average Income

Vehicle ModelStarting Price
Suzuki S-PressoR165,900
Mahindra KUV100R172,999
Suzuki CelerioR178,900
Renault KwidR180,999
Suzuki DZireR193,900
Suzuki SwiftR194,900
Hyundai AtosR199,900
Proton Saga 1.6R199,900
Toyota AgyaR200,000
Renault TriberR203,999
Suzuki IgnisR208,900
Kia PicantoR209,995
Renault KigerR219,999
Honda AmazeR231,200
Suzuki BalenoR231,900
Toyota StarletR233,000
Hyundai Grand i10R246,900
Fiat 500R249,900
Kia PegasR254,995
Suzuki CiazR256,900
Suzuki ErtigaR258,900
Mahindra XUV300R259,999
Suzuki Vitara BrezzaR262,900
Toyota RumionR265,800
VW Polo VivoR266,900
Toyota Urban CruiserR283,200
This table lists 26 passenger vehicles that can be afforded on South Africa’s average salary of R26,032 per month, along with their starting prices.

These vehicles offer a diverse range of options for South Africans with varying needs and preferences, from compact city cars to family-friendly SUVs. Consumers can make informed decisions by carefully considering their budget, vehicle requirements, and the recommendations by industry experts.

The recent interest rate hike by the SARB may affect potential car buyers’ decisions, but the availability of 26 passenger vehicles within the affordability range demonstrates that there are still plenty of options for those looking to purchase a new car on the average salary in South Africa.

As the automotive market continues to evolve and expand, South Africans can expect even more choices in the future. These options will cater to different budgets and requirements, allowing individuals to find the perfect vehicle that meets their needs without compromising their financial stability.

In conclusion, the current average salary in South Africa allows for a wide variety of passenger vehicles to be within reach for many consumers. From the Suzuki S-Presso to the Toyota Urban Cruiser, there is an option for every need and budget. As the automotive landscape continues to grow and change, South Africans can anticipate an even broader range of vehicles to choose from in the years to come.

WIlliam Dube

William Dube is a finance and economic news expert with over 10 years of experience in economic anaylsis, financial product assessment and market analysis. With a numerous certificates from prestigious universities including but not limited to Yale University and the University of Pennyslivenia. William specializes in providing insightful news developments in South Africa and commentary on investment strategies, risk management, and global economic trends. You can contact him on

Published by
WIlliam Dube

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