Toyota Hilux Double Cab Monthly Installment

by Leland Morrison, on 1 November 2023

Toyota Hilux Double Cab

Overview

The Toyota Hilux Double Cab is one of the most admired vehicles in the automotive market, lauded for its durability, efficiency, and versatility. This bakkie is well-suited for both commercial and personal uses, thanks to its double cabin that provides ample space for passengers and cargo. As expected from Toyota, the Hilux Double Cab blends quality, comfort, and technology in a sleek and rugged design. It showcases a powerful engine, finely-tuned suspension for grip and control, and technologically advanced features for safety, entertainment, and user convenience. The price and the monthly installments of the vehicle vary, depending upon the specific model, optional features, financing options, and other factors.

Evolution

Tracing back the history of the Toyota Hilux Double Cab, it has undergone significant evolutions through the years since its first launch. Earlier versions were purely utilitarian, but, with subsequent generations, came considerable improvement in terms of both performance and comfort features, making it more than just a workhorse. The transition saw the inclusion of more sophisticated interior features, adoption of new technologies for safety and convenience, and an improved powertrain for better fuel efficiency and environmental friendliness. The Hilux Double Cab also saw changes in its design, moving from a simple, robust exterior to a stylish, modern look while maintaining its traditional toughness.

Price

The Toyota Hilux Double Cab is available in a range of variants, each with its own set of features and price tag. The base model starts at R523,700, while the top-of-the-line variant is priced at R1,005,000. The price of a particular variant depends on its engine, transmission, and other features.

Variant	Price
2.7 VVTi RB 5MT	R523,700
2.4 GD6 SR RB 6MT	R566,900
2.4 GD6 RB RAI 6MT	R602,100
2.4 GD6 RB RAI AT	R623,200
2.4GD6 4x4 SR 6MT	R652,800
2.4 4X4 RAIDERX MT	R674,800
2.4 4X4 RAIDERX AT	R706,300
2.8 GD6 RB RAI AT	R754,200
2.8 GD6 RB LGD 6MT	R803,400
2.8GD6 4X4 RAI AT	R842,900
2.8 RB LGD AT	R853,200
2.8GD6 4X4 LGD 6MT	R863,400
4.0 V6 4X4 LGD AT	R902,900
2.8 4X4 LGD AT	R903,400
2.8 4X4 GR-S AT	R947,600
2.8 RB LGD RS AT	R951,600
2.8 4X4 LGD RS 6MT	R965,100
2.8 4X4 LGD RS AT	R1,005,000

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 Hilux Double Cab vary between R8,911 and R20,042

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
2.7 VVTi RB 5MT	R523,700	R10,444	R9,399	R8,911
2.4 GD6 SR RB 6MT	R566,900	R11,305	R10,175	R9,647
2.4 GD6 RB RAI 6MT	R602,100	R12,007	R10,807	R10,246
2.4 GD6 RB RAI AT	R623,200	R12,428	R11,185	R10,605
2.4GD6 4x4 SR 6MT	R652,800	R13,018	R11,717	R11,108
2.4 4X4 RAIDERX MT	R674,800	R13,457	R12,111	R11,483
2.4 4X4 RAIDERX AT	R706,300	R14,085	R12,677	R12,019
2.8 GD6 RB RAI AT	R754,200	R15,041	R13,537	R12,834
2.8 GD6 RB LGD 6MT	R803,400	R16,022	R14,420	R13,671
2.8GD6 4X4 RAI AT	R842,900	R16,809	R15,129	R14,343
2.8 RB LGD AT	R853,200	R17,015	R15,313	R14,518
2.8GD6 4X4 LGD 6MT	R863,400	R17,218	R15,496	R14,692
4.0 V6 4X4 LGD AT	R902,900	R18,006	R16,205	R15,364
2.8 4X4 LGD AT	R903,400	R18,016	R16,214	R15,373
2.8 4X4 GR-S AT	R947,600	R18,897	R17,008	R16,125
2.8 RB LGD RS AT	R951,600	R18,977	R17,079	R16,193
2.8 4X4 LGD RS 6MT	R965,100	R19,246	R17,322	R16,423
2.8 4X4 LGD RS AT	R1,005,000	R20,042	R18,038	R17,102

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
2.7 VVTi RB 5MT	R69,626	R62,663	R59,410
2.4 GD6 SR RB 6MT	R75,369	R67,832	R64,311
2.4 GD6 RB RAI 6MT	R80,049	R72,044	R68,304
2.4 GD6 RB RAI AT	R82,854	R74,569	R70,698
2.4GD6 4x4 SR 6MT	R86,789	R78,110	R74,055
2.4 4X4 RAIDERX MT	R89,714	R80,743	R76,551
2.4 4X4 RAIDERX AT	R93,902	R84,512	R80,125
2.8 GD6 RB RAI AT	R100,270	R90,243	R85,559
2.8 GD6 RB LGD 6MT	R106,811	R96,130	R91,140
2.8GD6 4X4 RAI AT	R112,063	R100,857	R95,621
2.8 RB LGD AT	R113,432	R102,089	R96,789
2.8GD6 4X4 LGD 6MT	R114,788	R103,310	R97,947
4.0 V6 4X4 LGD AT	R120,040	R108,036	R102,428
2.8 4X4 LGD AT	R120,106	R108,096	R102,484
2.8 4X4 GR-S AT	R125,983	R113,385	R107,498
2.8 RB LGD RS AT	R126,515	R113,863	R107,952
2.8 4X4 LGD RS 6MT	R128,309	R115,478	R109,484
2.8 4X4 LGD RS AT	R133,614	R120,253	R114,010

Alternatives

The Toyota Hilux Double Cab is a well-known pickup truck, fitting into the Bakkies category. The table below gives a comparison to other alternatives in the Bakkie segment.

Name	Monthly From	Monthly To	Popularity
Ford Ranger	R8,327	R23,614	No Data
Toyota Hilux Double Cab	R8,911	R20,042	Very High
Toyota Land Cruiser 79	R13,409	R19,912	Very Low

Stats

Current popularity for the Toyota Hilux Double Cab is Very High with around 126 660 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

An understanding of the Toyota Hilux Double Cab price and monthly installment options is crucial when considering a purchase. It allows for effective financial planning and ensures you receive the best value for money. Being well- informed about the vehicle's various features, optional upgrades, and financing options plays an essential role in making a decision that aligns with both your practical needs and budget constraints. Hence, it is always advisable to conduct thorough research, understand all the financial implications, and consult with financial advisors if necessary. Recognize that purchasing a vehicle like the Toyota Hilux Double Cab is a significant investment, so make sure it's done right.

source: https://www.toyota.co.za/ranges/hilux-double-cab