Haval H6 Monthly Installment

by Leland Morrison, on 26 October 2023

Jump to

• Overview
• Evolution of the Haval H6
• Haval H6 Price
• Haval H6 Monthly Installment
• Minimum Monthly Salary
• Alternatives
• Stats
• Tips to Secure the Best Monthly Installment
• Conclusion

Overview

Haval H6 is an impressive compact SUV manufactured by Great Wall Motors, a recognized automotive company based in China. Launched back in 2011, the H6 showcases Haval's commitment to affordability without compromising on the quality and luxury that discerning consumers have come to expect in their vehicles. Amidst the SUV market, the H6 has set benchmarks with its cutting edge design, superior comfort, advanced technology, and high safety standards. One of the unique selling points of the H6 is its economical pricing coupled with a range of agreeable financing options, making vehicle ownership viable for many.

Evolution

Over the years, the Haval H6 has undergone substantial design and technology upgrades, evolving into a vehicle that continues to attain positive reviews from experts and customers alike. The evolution began with the second-generation H6, which was launched in 2013, featuring a more refined interior and an upgraded engine. The latest version of the H6, launched in 2020, further reinforced Haval's commitment to innovation. This model boasts a sleek exterior design, a wealth of cutting-edge tech features, as well as more economical fuel consumption. Safety features have also been upgraded, solidifying the H6's reputation as a value-packed compact SUV in the competitive market.

Price

The Haval H6 is available in a range of variants, each with its own set of features and price tag. The base model starts at R484,750, while the top-of-the-line variant is priced at R669,950. The price of a particular variant depends on its engine, transmission, and other features.

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 Haval H6 vary between R8,495 and R13,715

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.

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:

Alternatives

This is a mid-size SUV, which places it in the SUV-C category. The table below gives a comparison to other alternatives in the SUV-C segment.

Name	Monthly From	Monthly To	Popularity
Chery Tiggo 7 Pro	R7,638	R9,784	Low
Haval H6	R8,495	R13,715	Medium
Hyundai Grand Creta	R9,226	R13,194	No Data

Stats

Current popularity for the Haval H6 is Medium with around 66 780 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 structure and monthly installment options for the Haval H6 can significantly influence your decision-making process when considering it as a prospective vehicle. This knowledge provides additional confidence when discussing purchase terms with your dealer, ensuring that you get the best possible deal. Moreover, it allows you to make better-informed comparisons with other vehicles in its class. Therefore, customers are encouraged to do thorough research and consult with trusted financial advisors before finalizing their purchase. This will ensure that the vehicle not only fits your lifestyle but your budget as well. The Haval H6, with its attractive pricing and varied installment options, offers a potentially affordable and rewarding vehicle ownership experience.

source: https://www.haval.co.za/range/h6#specifications