The rising cost of new cars and the related stock delays has South Africans looking to the used car market to find their next vehicle, and in turn the demand is driving up the average price.
A look at AutoTrader’s top 10 most listed used car variants provides useful insights into how the market is trading.
Numerous fleet operators run Polo Vivos, while it’s also a popular choice among first time-car buyers who want something fuss-free and frugal between the fuel pumps. If you bought a new Golf 8 GTI, albeit the latest version is an all-new model, it would cost you R689,800 without any optional extras. Buying a similar used GTI would see you save around R100,000.
The Volkswagen Polo Hatch 1.0TSI 70kW Life, for example, is listed for R353,600 as a brand new car, but used car listings show an average price of R404,059. That’s a R50,000 premium, and the car is listed to have on average 3,569km on the clock.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Privacy changes coming to WhatsApp – but there are still questions in South AfricaMeta-owned messaging service WhatsApp announced several new privacy-related changes in recent weeks, but the app is still not aligned with South Africa’s laws, says Chanique Rautenbach of Barnard Attorneys.
Read more »
Beware the ‘doting grandparent scam’ in South Africa, top insurer warnsRetirement is a time for you to be enjoying a more relaxed pace of life, spending time with loved ones and friends, and enjoying the fruits of your working career. However, retirees could be at risk of becoming victims of cybercrime fraudsters who are targeting your ‘nest egg’.
Read more »
South Africa: Cadre Deployment Unconstitutional and Illegal - Commission's Bombshell Finding On ANC's Key PolicyThe State Capture Commission report has found that the ANC's deployment policy is unconstitutional and illegal. Commission chairperson, now Chief Justice, Raymond Zondo stated in Part 6 of the report that there is also no reason for the ANC's deployment committee to exist.
Read more »
At least 17 found dead in South Africa nightclubThe cause of the deaths remains unclear, and police say an investigation is ongoing.
Read more »
Tax implications of working from home in South AfricaWith so many South Africans working from home, it’s tempting to claim a home office space against business income when it comes to tax deductions.
Read more »
Big shake up for jobs in South Africa as great resignation hitsEmployees worldwide were locked down at home for months at the beginning of the pandemic and when employers asked them to return to work, employees had become used to working from home, or working from anywhere.
Read more »