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New versus used: What can around R200 000 get you?

11.08.2016

There are certain benefits to working for a publication that lists thousands of used cars for sale on a weekly basis, namely that I have a great reference as to what the market will pay for certain vehicles. This got me thinking, the average new vehicle purchase in South Africa is around R200 000. What can you actually get for that kind of money in the new market versus what you can get in the used market?

I quick trawl through our site revealed a number of rather tasty performance-oriented vehicles and even some luxurious rides for around our R200 000 budget.

The first one that caught my eye was this silver 2012 Toyota 86 with around 60 000km for R205 900 here. If you’re in the market for a new Toyota that comes in at a similar price point then you’re probably going to have to look as the base model Corolla Quest manual which now comes in at R207 500.

I then decided to be brave and go German and came across a nice Audi A5 2.0T with 120 000km for R199 995 here To find a new Audi that comes even remotely close to the R200 000 budget you’d have to go for the 3-door 1.0 litre turbo A1 S which comes in at R 286 000.

I then went all American and looked at Chevrolet to see what was on offer. I found 2008 Lumina SS auto with 83 000km on for R200 000 here which provides V8 thrills and what is very likely to be a massive fuel bill.  To find a new Chevrolet product at that price you’re going to have to fork out R228 400 for a 1.6 Chevrolet Sonic hatch in LS guise.

Fancy a bit of British luxury? I found a Jaguar XF 3.0 Luxury with 170 000km on for R170 000 here. Keep that R30 000 for fuel and maintenance costs though. There is most certainly no current Jaguar product for anywhere near that price however a certain Italian city slicker with a two-cylinder turbo engine can be had for R179 000. It is of course the Fiat 500 TwinAir Pop, a cute city car that has recently been refreshed.

The point of this exercise is to try and determine why new car sales are down and used sales are on the up. As we cans see the used vehicles seem to provide the sort of bang-for-your-buck that people are looking for in times of economic uncertainty. Sure, the used examples that I have listed are not the most practical or the most relevant however the examples chosen were there to prove a point that new car pricing is going through the roof, unfortunately. However, the manufacturers are not to blame, our economy and the global market most certainly are.

For the next piece we will bump up the budget a bit to R300 000 before going back down to R100 000 the following week.

Article written by Sean Nurse
11.08.2016
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