Chery Tiggo 4 Pro Monthly Installment
by Leland Morrison, on 26 October 2023
Jump to
- Overview
- Evolution of the Chery Tiggo 4 Pro
- Chery Tiggo 4 Pro Price
- Chery Tiggo 4 Pro Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
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:
- Dealer Fees: Can include documentation, processing, and other administrative charges.
- Optional Add-ons: Upgraded features, accessories, or enhancements that come at an extra cost.
- Extended Warranties: Offer prolonged protection for the product at an additional price.
- Other Costs: Miscellaneous expenses that might arise such as transfer of ownership.
Monthly Installment
Monthly payments for the Chery Tiggo 4 Pro vary between R4,905 and R8,371
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 | R5,730 | R5,157 | R4,905 |
| 1.5 Urban | R308,900 | R6,324 | R5,691 | R5,413 |
| 1.5 Comfort Auto | R345,900 | R7,081 | R6,373 | R6,061 |
| 1.5T Elite | R355,900 | R7,286 | R6,557 | R6,237 |
| 1.5T Elite Auto | R386,900 | R7,921 | R7,129 | R6,780 |
| 1.5T Elite SE Auto | R408,900 | R8,371 | R7,534 | R7,165 |
The installment goes down when a 10% deposit is provided and even further when a 10% residual is added
Factors affecting your monthly installment:
- Prime interest rate
- Loan term
- Deposit
- Residual
- Credit score
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 | R38,201 | R34,381 | R32,699 |
| 1.5 Urban | R42,159 | R37,943 | R36,087 |
| 1.5 Comfort Auto | R47,209 | R42,488 | R40,409 |
| 1.5T Elite | R48,573 | R43,716 | R41,577 |
| 1.5T Elite Auto | R52,804 | R47,524 | R45,199 |
| 1.5T Elite SE Auto | R55,807 | R50,226 | R47,769 |
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 | R4,905 | R8,371 | Medium |
| Hyundai Venue | R5,908 | R10,357 | No Data |
| Haval Jolion | R6,237 | R11,873 | Low |
| Kia Sonet | R6,565 | R9,294 | Low |
| Mazda CX-3 | R7,308 | R11,094 | Low |
| Toyota Corolla Cross | R7,536 | R11,131 | 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:
- Research & Compare: Investigate various lenders, comparing their rates, terms, and fees using online tools.
- Check Credit Score: A better score can lead to lower rates. Regularly review and work on improving it.
- Negotiate: Don't settle for the first offer. Be informed about market rates and available promotions.
- Choose Shorter Terms: Longer terms might have smaller payments but higher interest. Opt for shorter terms if possible.
- Consider a Deposit: A significant deposit can reduce monthly payments and possibly get a better rate.
- Understand the Terms: Be clear on all conditions, especially penalties for early or missed payments.
- Maintain Your Budget: Determine your monthly limit and stick to it. Avoid tempting deals that exceed it.
- 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.