Ford Puma Monthly Installment
by Leland Morrison, on 23 January 2024
Jump to
- Overview
- Evolution of the Ford Puma
- Ford Puma Price
- Ford Puma Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Ford Puma is a subcompact crossover SUV that combines stylish design with practical features and efficient powertrains. First introduced in 2019, it continues Ford's legacy of creating versatile and appealing vehicles suited to a range of lifestyles.
Boasting a range of eco-friendly engines, including mild-hybrid options, the Puma caters to the growing consumer demand for more sustainable driving solutions. Its spacious interior, advanced safety features, and cutting-edge technology, such as the Ford Co-Pilot360 and SYNC 3 infotainment system, ensure both comfort and connectivity on the road.
Evolution
The Ford Puma originally began as a compact coupe in Europe in the late 1990s, named after a big cat much like its siblings within the Ford lineup. The Puma was well-received for its engaging driving dynamics and distinctive styling cues, which embodied Ford's New Edge design language at the time.
In its current incarnation, the Ford Puma has evolved into a crossover that reflects contemporary design trends and consumer preferences for high-riding vehicles. With a focus on versatility, storage solutions like the innovative 'MegaBox' cargo feature and the ability to adapt to various driving conditions, the Puma marks a significant evolution from its sporty coupe predecessor.
Price
The Ford Puma is available in a range of variants, each with its own set of features and price tag. The base model starts at R569,900, while the top-of-the-line variant is priced at R613,900. The price of a particular variant depends on its engine, transmission, and other features.
| Variant | Price |
|---|---|
| Titanium | R569,900 |
| ST-Line Vignale | R613,900 |
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 Ford Puma vary between R9,698 and R12,243
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 |
|---|---|---|---|---|
| Titanium | R569,900 | R11,365 | R10,229 | R9,698 |
| ST-Line Vignale | R613,900 | R12,243 | R11,018 | R10,446 |
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 |
| Titanium | R75,768 | R68,191 | R64,651 |
| ST-Line Vignale | R81,618 | R73,456 | R69,643 |
Alternatives
The Ford Puma is a compact SUV, fitting well into the SUV-B segment. It strikes a balance between the size and agility of a small car with the desirable higher driving position and practicality of an SUV. Its size makes it ideal for urban environments where space is at a premium while offering adequate room inside for passengers and cargo.
With respect to engine size, the Puma's engines are typically below 2.0 liters, which is common for the SUV-B category, providing a good mix of performance and fuel efficiency.
. The table below gives a comparison to other alternatives in the SUV-B segment.| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Mazda CX-3 | R6,256 | R10,807 | Low |
| Toyota Corolla Cross | R6,477 | R10,843 | High |
| Omoda C5 | R7,265 | R10,169 | Very Low |
| Hyundai Creta | R7,476 | R10,420 | No Data |
| Kia Seltos | R7,626 | R11,208 | Low |
| Mazda CX-5 | R8,794 | R15,529 | Low |
| Nissan Qashqai | R9,664 | R13,373 | Very Low |
| Ford Puma | R9,698 | R12,243 | No Data |
| Hyundai Tucson | R9,989 | R16,271 | No Data |
| Honda CRV | R10,495 | R16,730 | Very Low |
| VW Tiguan | R10,589 | R16,562 | Medium |
| Citroen C5 Aircross | R10,974 | R13,639 | Very Low |
| Kia Sportage | R11,056 | R15,934 | Low |
| Toyota RAV4 | R12,264 | R16,618 | Low |
| Audi Q3 | R12,851 | R16,203 | Low |
| BMW X1 | R14,148 | R17,960 | Low |
| Hyundai Kona N | R15,262 | R16,929 | No Data |
Stats
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 Ford Puma price and monthly installment options is paramount for potential buyers. As a vehicle that is engineered to provide both efficiency and enjoyment, the Puma presents a compelling option in the competitive subcompact SUV segment.
Prospective owners should endeavor to conduct thorough research to ascertain affordability and the value offered by the Puma relative to its peers. Consulting with financial advisors can provide insight into the most effective financing plans, ensuring a purchase that aligns with individual budgets and lifestyle needs. Investing time into this process will lead to a well-informed decision that brings lasting satisfaction from the investment in a new Ford Puma.