This calculator will assist you in estimating the monthly repayments you are likely to make if you purchased a specific vehicle. There is also the option of estimating the cost of finance fees and insurance.

Begin by specifying the purchase price of the vehicle you are interested in buying. Use the sliders to change values in the textboxes to reflect the finance structure of your choice. The new repayment will be calculated immediately. To add insurance products to your deal, simply select the products you are interested in by ticking the checkbox next to it (on the right).

Calculator Inputs
Disclaimer Print
Vehicle model:  
Purchase price:  
Total value of extras:
Deposit:
Finance amount:  
Term:
Interest rate:
Balloon %:
Balloon amount:
Bank Fees and Insurance Options 
Admin Fees
Monthly admin fee:
Once-off initiation fee:
Insurance Options
Include CPP:
Include Coverplus:
Basic repayment:
Admin Fee:
Insurance products:
Monthly repayment:
Interest paid:
Total paid:
 

Purchase price
The purchase price refers to the price of the vehicle, including VAT, excluding the optional extras and deposit.
Total value of extras
The total value of extras refers to the value of all optional extras, including VAT, that are to be included in this finance agrement. Examples of extras include radio/CD player, mag wheels, sunroof.
Deposit
A deposit is an amount paid by the borrower, to reduce the finance or loan amount required. A deposit is not always required when financing a motor vehicle.
Finance amount
The finance amount is the amount that will be financed by the bank and is the amount used to calculate the monthly instalment.
Term
The term refers to the number of months over which the loan will be repayed. The maximum repayment period is 72 months.
Interest rate
The percentage annual interest rate applicable to the transaction.
Fixed profit ratio
The percentage annual profit ratio applicable to the transaction.
Balloon %
The balloon percentage is the balloon lump sum payment expressed as a percentage of the finance amount.
Balloon payment
A balloon payment is an inflated payment at the end of a contract. The customer is solely responsible for the balloon payment and at the end of the agreement has certain options that include: settle the account in cash, dispose of the vehicle and settle the account, or re-finance the payment at the bank`s discretion. Whilst a balloon payment has the effect of reducing the monthly instalment, total interest paid can be higher and therefore vehicles should be financed with the lowest balloon payment possible.
Basic repayment
The basic repayment refers to the amount which is paid to the bank every month, including the admin and initiation fees if selected, but excluding any insurance products.
Insurance products
The monthly amount payable on selected insurance products. This monthly amount excludes any annual or term insurance options.
Monthly repayment
The monthly repayment refers to the amount which is paid to the bank every month, including the admin and initiation fees if selected, as well as any selected insurance products.
Interest paid
The interest paid refers to the total interest that will be paid on the deal if it runs for the full term.
Profit paid
The profit paid refers to the total profit that will be paid on the deal if it runs for the full term.
Total paid
The total paid refers to the total amount (including interest and capital) that will be paid on the deal if it runs for the full term.
Total paid
The total paid refers to the total amount (including profit and capital) that will be paid on the deal if it runs for the full term.
Monthly admin fee
The monthly admin fee is a compulsory monthly bank fee that is charged for the administration of an account in terms of the National Credit Act.
Initiation fee
The inititation fee is a compulsory once-off bank fee that is charged when opening a new account in terms of the National Credit Act. The initiation fee can be financed as part of the loan (this is generally the case), or paid separately.
Customer Protection Plan (CPP)
CPP settles your outstanding loan balance in the event of your death, permanent disability or certain dread diseases. It also provides limited cover in the event of temporary disability and retrenchment.
Coverplus
Coverplus offers you shortfall insurance covering the difference between the insurance company payout (market value) and the balance still owing to the bank.
 

Disclaimer

1) The content of this Internet site is protected by law, including, without limitation, copyright, patent and trade mark law, and is the property of Volkswagen of South Africa (Pty) Ltd (VWSA).

2) These terms apply in addition to the Terms and Conditions of Use of the website, which are accessible by clicking here.

3) All values in the calculations generated by the calculators should be regarded as a guideline only. You acknowledge that this calculator is merely provided for your convenience.

4) If you submit an application for finance to Volkswagen Financial Services [a division of WesBank, a division of FirstRand Bank (VWFS)] you acknowledge that a manual process of verifying the data and collecting proof thereof will take place to ensure that a full credit assessment is performed. In order to process an application, you agree that it may be necessary to perform credit, reference or other checks. You accordingly accept that the final calculation may differ from the guidelines generated by the financial calculator and that figures will be confirmed at the time of finalising a transaction.

5) The site and all information and services provided on this site should not be treated as professional advice or a final calculation.

6) No liability or responsibility whatsoever is accepted if information or data is corrupt or incorrect for whatever reason. We do not accept liability for any loss, expense, claim or damage of any nature arising as a result of, or attributable to, your use of or reliance on the calculator. You indemnify VWSA and VWFS accordingly.

7) We do not warrant the accuracy or completeness of the information or that the information or data available on this site is free of viruses, destructive materials or any other data or code which is able to corrupt, compromise or jeopardise the operation or content of a computer system, computer network or your hardware or software. You accept all risk in this regard.

8) VWSA may, in its sole discretion, suspend, amend or terminate the operation of or any of the services provided on this site, without prior notice. Information regarding the products, fees and/or costs which are included in and form a fundamental basis of the calculations are subject to change at any time prior to a final pre-agreement quote being handed to you by VWFS.

9) Use of this site and the related services shall be governed by South African law and be subject to the exclusive jurisdiction of the South African courts.

10) All calculations made on calculators supplied on this site, together with rates quoted, are guidelines only and are subject to confirmation at the time of finalising any transactions. All information regarding the products, fees and/or costs which are included in and form a fundamental basis of the calculations are subject to change at any time prior to a final pre-agreement quote being handed to the User. The User indemnifies Volkswagen Financial Services against any loss or liability, which the User may suffer as a result of the use of any calculator. The site and all information provided on this site and the services provided on this site, are provided “as is”. The information provided on this site should not be treated as professional advice of any kind.

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