Close Menu
Zero2Turbo
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram RSS
    Zero2Turbo
    • Home
    • Contact
    • Videos
      Featured

      BYD Yangwang U9 Track Edition Is Unofficially The Fastest EV In The World

      By Zero2TurboAugust 26, 2025
      Recent

      BYD Yangwang U9 Track Edition Is Unofficially The Fastest EV In The World

      August 26, 2025

      Ford SuperVan Beats Mustang GTD At The ‘Ring

      August 19, 2025

      Tailor Made Ferrari Daytona SP3 Sold For Over R450 Million At Auction

      August 18, 2025
    • South Africa
    • Zero2Turbo Telegram
    Zero2Turbo
    Home»Zero2Turbo»How You Can Afford that Dream Car
    Zero2Turbo

    How You Can Afford that Dream Car

    By Zero2TurboOctober 27, 2017Updated:November 27, 2017No Comments
    Facebook Email Twitter LinkedIn Telegram WhatsApp
    Share
    Facebook Email Twitter LinkedIn WhatsApp Telegram

    So you’ve got your eyes on a brand new 600 horsepower supercar, but the price tag seems way out of reach. The truth is, you don’t need to be super rich to own a fancy car, you just have to be smart. With intelligent saving and new loan options, the average worker is able to acquire their perfect vehicle. Once you’ve set your sights on that dream car, here’s how you can make it into a reality.

    Be Realistic

    Okay, so we’re talking about dream cars here, but you’re not going to be able to afford a million dollar supercar on minimum wage. There are plenty of high performing, affordable cars, but it is also okay to aim high. There is likely a mid range BMW or Mercedes that might seem out of reach now, but could one day be yours. The important point is to pick a car, so that you have a goal you can work towards.

    Start Putting Money Aside

    Once you know how much your dream car costs, you need to set up a dedicated savings account. Whether this is money to buy a car outright or to put aside to pay back a loan, make sure you have the funds available.

    The average car depreciates by 19% after a year. You should therefore aim to pay at least 20% of the price up front to avoid owing more than your car is worth. With the average salary in South Africa at $60,000, many people should be able to save at least a grand a month and will quickly be able to afford 20% of a fine motor.

    Get Financing

    So you’ve saved all you can, but for top end cars you’re going to need a loan. In order to find the best auto loan rates, shop around online comparison sites. Think of it like anything else, you want the best price. Most experts don’t recommend a loan that lasts longer than five years. The longer the loan goes on, the more expensive it will be. This is not just because of interest but also because you will have to meet insurance requirements for longer, pushing up the price.

    There are increasing numbers of car loans making dreams a reality for many petrol heads. However, some of these can carry quite large risks. Once you’ve found the car of your dream, be frugal in your spending so you can set aside at least 20% of its cost up front. After that, find the best loan rate you can, but keep it short and pay it off quickly. Then you can rest easy knowing you own the car of your dreams.

    Share. Facebook Email Twitter LinkedIn WhatsApp Telegram
    Previous ArticleAudi RS7 Rendering Gets Us Excited
    Next Article Angry Ferrari FXX K Evo Is Official With 23 Percent More Downforce

    Related Posts

    Is This The Return Of The Iconic Porsche Slantnose?

    September 2, 2025

    Porsche May Add Fake Gear Shifts To EV Models

    September 2, 2025

    Lotus Emira To Get Hybrid Option In 2027

    September 1, 2025

    RML Reveal First Production Hyper GT Based On Porsche 911 Turbo S

    August 27, 2025

    VW Reportedly Fitting Five-Cylinder Audi RS3 Engine Into Golf R

    August 27, 2025

    Volkswagen Working On Hotter Golf R

    August 26, 2025
    Popular Posts
    • Mercedes-AMG GT Black Series Grabs Production Car Nürburgring Lap Record
    • The Audi RS3 Sedan Is Official And It Has 400 Horsepower
    • Porsche Exclusive Shows Special Macan S
    • Spotted: The Awesome Audi RS3
    • Crazy Twin-Turbo “Caged” Lamborghini Huracan Built For 19-Year-Old

    Facebook X (Twitter) Instagram YouTube RSS
    Designed by Zero2Turbo.

    Type above and press Enter to search. Press Esc to cancel.