Chery Tiggo 4 Pro Monthly Installment

by Leland Morrison, on 26 October 2023

Chery Tiggo 4 Pro Chery Tiggo 4 Pro

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Overview

Introduced by one of China's automotive giants, Chery Automobile, the Chery Tiggo 4 Pro is a dynamic and modernly stylish compact SUV that combines advanced technology with impressive efficiency. Incorporating comfort, luxury, and style in their design, Chery Tiggo 4 Pro aims to deliver an unmatched driving experience to its users. The SUV features a distinctive exterior and a spacious interior, embedded with state-of-the-art amenities like LED daytime running lights, roof rails, keyless entry, push-start system and many more. The SUV is also praised for its economical fuel consumption, safety, and performance.

Evolution

The Chery Tiggo 4 Pro is a remarkable illustration of Chery's progressive evolution. Initially released as a compact SUV suitable for urban traveling, the Tiggo 4 has been substantially refined over time. Its latest variant, the Tiggo 4 Pro, is a more advanced and sophisticated product aimed at catering to a wider segment of consumers. Its remarkable upgrades include a much more spacious interior, enhanced aesthetics, and significant improvements in fuel efficiency and safety features, making it a formidable competitor in the global automotive market. Chery has indeed upped the game by integrating features commonly found in high-end luxury vehicles into the Tiggo 4 Pro, offering a quality drive with a touch of opulence.

Price

The Chery Tiggo 4 Pro is available in a range of variants, each with its own set of features and price tag. The base model starts at R279,900, while the top-of-the-line variant is priced at R408,900. The price of a particular variant depends on its engine, transmission, and other features.

Variant Price
1.5 LiT R279,900
1.5 Urban R308,900
1.5 Comfort Auto R345,900
1.5T Elite R355,900
1.5T Elite Auto R386,900
1.5T Elite SE Auto R408,900

Additional Costs to Consider:

Monthly Installment

Monthly payments for the Chery Tiggo 4 Pro vary between R4,763 and R8,154

The following table provides a few example calculations using the prime interest rate + 2% (13.75%) over a period of 6 years or 72 months.

Variant Price Installment 10% deposit 10% deposit and residual
1.5 LiT R279,900 R5,582 R5,024 R4,763
1.5 Urban R308,900 R6,160 R5,544 R5,256
1.5 Comfort Auto R345,900 R6,898 R6,208 R5,886
1.5T Elite R355,900 R7,098 R6,388 R6,056
1.5T Elite Auto R386,900 R7,716 R6,944 R6,584
1.5T Elite SE Auto R408,900 R8,154 R7,339 R6,958

The installment goes down when a 10% deposit is provided and even further when a 10% residual is added

Factors affecting your monthly installment:

Minimum monthly salary

Banks typically recommend not spending more than 15% of your monthly salary on a car repayment. With that in mind, here is the recommended monthly salary for each variant:

Minimum Salary
Variant No deposit 10% deposit 10% deposit and residual
1.5 LiT R37,213 R33,491 R31,753
1.5 Urban R41,068 R36,961 R35,042
1.5 Comfort Auto R45,987 R41,388 R39,240
1.5T Elite R47,317 R42,585 R40,374
1.5T Elite Auto R51,438 R46,294 R43,891
1.5T Elite SE Auto R54,363 R48,927 R46,387

Alternatives

This is a compact SUV, which would fit into the SUV-B category. The table below gives a comparison to other alternatives in the SUV-B segment.

Name Monthly From Monthly To Popularity
Chery Tiggo 4 Pro R4,763 R8,154 Medium
Hyundai Venue R5,740 R10,089 No Data
Haval Jolion R6,060 R11,566 Low
Kia Sonet R6,380 R9,054 Low
Mazda CX-3 R7,104 R10,807 Low
Toyota Corolla Cross R7,325 R10,843 High

Stats

Current popularity for the Chery Tiggo 4 Pro is Medium with around 65 550 searches per month.

Tips to Secure the Best Monthly Installment Deal

Securing the best monthly installment deal is crucial for managing your finances effectively. Whether you're financing a car, home, or any other purchase, a favorable installment plan can save you money and reduce financial strain. Here are some tips to help you land the best deal:

  1. Research & Compare: Investigate various lenders, comparing their rates, terms, and fees using online tools.
  2. Check Credit Score: A better score can lead to lower rates. Regularly review and work on improving it.
  3. Negotiate: Don't settle for the first offer. Be informed about market rates and available promotions.
  4. Choose Shorter Terms: Longer terms might have smaller payments but higher interest. Opt for shorter terms if possible.
  5. Consider a Deposit: A significant deposit can reduce monthly payments and possibly get a better rate.
  6. Understand the Terms: Be clear on all conditions, especially penalties for early or missed payments.
  7. Maintain Your Budget: Determine your monthly limit and stick to it. Avoid tempting deals that exceed it.
  8. Seek Pre-approval: It provides clarity on what you qualify for and aids in negotiations.

By being diligent, informed, and proactive, you can secure a monthly installment deal that aligns with your financial goals and provides peace of mind.

Conclusion

Understanding the price and monthly installment options of the Chery Tiggo 4 Pro is crucial for potential buyers. Analyzing the cost and flexible payment options can significantly influence the buying decision. Potential buyers need to be well-informed about the financial implications, benefits, and long-term costs related to owning a Chery Tiggo 4 Pro while considering their budgets. Therefore, investing time in comprehensive research and consulting with financial advisors is advisable before making any vehicle purchase decisions. This will assist in availing optimal financing options that can lead to a smooth, hassle-free car ownership experience.

source: https://chery.co.za/models/tiggo-4-pro/