Toyota Fortuner Monthly Installment
by Leland Morrison, on 30 January 2024
Jump to
- Overview
- Evolution of the Toyota Fortuner
- Toyota Fortuner Price
- Toyota Fortuner Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Toyota Fortuner is an epitome of rugged luxury and uncompromising capability. A symbol of innovation and charismatic presence, the Fortuner stands out for its reimagined design, catamaran-inspired shape, and 18” alloy wheels. It offers a delightful blend of comfort and style with its raised interior detail and tech-savvy features ensuring safety and convenience. Not to be confined solely to urban landscapes, the Fortuner comes with diff-lock and four-wheel drive capabilities, making it a trustworthy companion for off-grid adventures and more.
Evolution
The evolution of the Toyota Fortuner is marked by constant enhancement in aesthetics and functionality. It has transformed from a utilitarian vehicle to one that provides the luxury of freedom and active safety upgrades. Over the years, it has been perfected to balance the thrill of exploration with the comfort of day-to-day commutes. Its engine options – a 2.4ℓ and a 2.8ℓ turbo-diesel – reflect Toyota's commitment to efficient power delivery and reduced environmental impact, with an eye on the future of eco-conscious adventuring.
Price
The Toyota Fortuner is available in a range of variants, each with its own set of features and price tag. The base model starts at R673,100, while the top-of-the-line variant is priced at R955,400. The price of a particular variant depends on its engine, transmission, and other features.
| Variant | Price |
|---|---|
| 2.4 GD6 RB MT | R673,100 |
| 2.4 GD6 RB AT | R699,800 |
| 2.4 GD-6 4X4 AT | R733,100 |
| 2.8 GD6 RB AT | R820,400 |
| Fortuner 2.8 GD6 RB BT | R830,900 |
| 2.8 GD6 RB VX AT | R864,900 |
| Fortuner 2.8 GD6 RB VX BT | R875,400 |
| 2.8 GD6 4X4 AT | R901,700 |
| Fortuner 2.8 GD6 4X4 BT | R912,200 |
| 2.8 GD6 4X4 VX AT | R944,900 |
| Fortuner 2.8 GD6 4X4 VX BT | R955,400 |
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 Toyota Fortuner vary between R11,454 and R19,053
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 |
|---|---|---|---|---|
| 2.4 GD6 RB MT | R673,100 | R13,423 | R12,081 | R11,454 |
| 2.4 GD6 RB AT | R699,800 | R13,956 | R12,560 | R11,908 |
| 2.4 GD-6 4X4 AT | R733,100 | R14,620 | R13,158 | R12,475 |
| 2.8 GD6 RB AT | R820,400 | R16,361 | R14,725 | R13,960 |
| Fortuner 2.8 GD6 RB BT | R830,900 | R16,570 | R14,913 | R14,139 |
| 2.8 GD6 RB VX AT | R864,900 | R17,248 | R15,523 | R14,718 |
| Fortuner 2.8 GD6 RB VX BT | R875,400 | R17,458 | R15,712 | R14,896 |
| 2.8 GD6 4X4 AT | R901,700 | R17,982 | R16,184 | R15,344 |
| Fortuner 2.8 GD6 4X4 BT | R912,200 | R18,191 | R16,372 | R15,522 |
| 2.8 GD6 4X4 VX AT | R944,900 | R18,844 | R16,959 | R16,079 |
| Fortuner 2.8 GD6 4X4 VX BT | R955,400 | R19,053 | R17,148 | R16,257 |
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 |
| 2.4 GD6 RB MT | R89,488 | R80,539 | R76,358 |
| 2.4 GD6 RB AT | R93,038 | R83,734 | R79,387 |
| 2.4 GD-6 4X4 AT | R97,465 | R87,719 | R83,165 |
| 2.8 GD6 RB AT | R109,072 | R98,164 | R93,068 |
| Fortuner 2.8 GD6 RB BT | R110,468 | R99,421 | R94,260 |
| 2.8 GD6 RB VX AT | R114,988 | R103,489 | R98,117 |
| Fortuner 2.8 GD6 RB VX BT | R116,384 | R104,745 | R99,308 |
| 2.8 GD6 4X4 AT | R119,880 | R107,892 | R102,291 |
| Fortuner 2.8 GD6 4X4 BT | R121,276 | R109,149 | R103,483 |
| 2.8 GD6 4X4 VX AT | R125,624 | R113,061 | R107,192 |
| Fortuner 2.8 GD6 4X4 VX BT | R127,020 | R114,318 | R108,383 |
Alternatives
The Toyota Fortuner is a mid-sized SUV with generous dimensions and a full suite of capabilities, justifying its placement in the SUV-D segment. The engine options and overall physical presence cater to a more demanding SUV clientele. The table below gives a comparison to other alternatives in the SUV-D segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Chery Tiggo 8 Pro | R8,099 | R13,359 | Low |
| Toyota Fortuner | R11,454 | R19,053 | No Data |
| Ford Everest | R15,959 | R24,427 | No Data |
| Hyundai Santa Fe | R16,615 | R21,827 | No Data |
| Kia Sorento | R16,657 | R22,315 | Very Low |
Stats
Current popularity for the Toyota Fortuner is No Data with around 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 Toyota Fortuner price and the monthly installment options is crucial for informed decision-making. Potential buyers should not only consider the acquisition cost but also the total cost of ownership, which includes maintenance, insurance, and fuel expenses. Thorough research and consultation with financial advisors are recommended. By doing so, enthusiasts of the Fortuner can enjoy the exhilarating experience that comes with owning this formidable vehicle, while managing finances smartly and sustainably.