Anyone looking to take home the facelifted VW Polo Vivo GT will need to earn R37,000 per month to comfortably afford the sporty hatch.
The VW was recently updated with a variety of cosmetic and equipment enhancements, and it’s still the most powerful model in the Vivo range.
This is courtesy of a 1.0-litre turbo-petrol motor combined with a six-speed manual gearbox, boasting a performance ceiling of 81kW and 200Nm resulting in a top speed of 196km/h.
It has a fuel consumption of 4.6l/100km on a combined cycle, meaning it’s the most efficient Vivo on the market, too.
The facelift has then brought with it a few new visual details, like a set of 17-inch “Mirabeau” silver alloy wheels, silver body panel highlights, a chrome exhaust, black boot spoilers, and new GT badges.
Additionally, the reworked model can be had with a new metallic Wild Cherry Red paint scheme not found on previous iterations.
Inside, the Polo features two-tone red and anthracite upholstery, sports seats, aluminium-look pedals, and GT-branded floor mats.
This is on top of existing items like light-sensing headlamps, rain-sensing wipers, cruise control, manual air conditioning, and a 7-inch infotainment screen with support for Apple CarPlay and Android Auto.
What you need to earn
We can use the following formula to calculate the monthly payments on the new hatchback.
- Car price – R332,800
- Payment term – 60 terms (5 years)
- Interest – 11.25%
- Deposit – 0%
- Balloon – No balloon payment
- Extras – No optional extras
According to this, the Vivo will require a minimum payment of R7,372 every month.
Financial experts then recommend that you do not spend more than 20% of your gross monthly salary on vehicle payments.
This means that South Africans will need to earn at least R36,860 per month to be able to “afford” the vehicle.
However, it must be noted that this figure does not include insurance, fuel, and maintenance, however, which needs to be factored into your budget.
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