Toyota Land Cruiser Prado Monthly Installment
by Leland Morrison, on 30 January 2024
Jump to
- Overview
- Evolution of the Toyota Land Cruiser Prado
- Toyota Land Cruiser Prado Price
- Toyota Land Cruiser Prado Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Toyota Land Cruiser Prado is an iconic off-road vehicle that has earned a reputation for its unrivaled four-wheel-drive capabilities and luxurious attributes. It is a symbol of adventure and reliability, marked by its sturdy ladder frame chassis and advanced off-road technologies. The Prado, offering a perfect blend of power, elegance, and performance, seamlessly transitions from urban landscapes to the untamed wilderness, firmly holding its title as the “Master of Africa.”
Evolution
Evolution of the Toyota Land Cruiser Prado has been marked by continuous improvements in power, torque, and driveability. The latest model comes equipped with a robust 2.8-litre turbodiesel engine and a six-speed automatic transmission. This generation sees enhancements such as the Multi-Terrain Select (MTS) and Kinetic Dynamic Suspension System (KDSS), cementing the Prado's legacy as a vehicle that doesn't compromise on durability, comfort, or control.
Price
The Toyota Land Cruiser Prado is available in a range of variants, each with its own set of features and price tag. The base model starts at R1,145,500, while the top-of-the-line variant is priced at R1,349,400. The price of a particular variant depends on its engine, transmission, and other features.
| Variant | Price |
|---|---|
| Prado 2.8GD TX | R1,145,500 |
| Prado 4.0 VX | R1,255,700 |
| Prado 2.8GD VX | R1,294,300 |
| Prado 4.0 VX-L | R1,308,900 |
| Prado 2.8GD VX-L | R1,349,400 |
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 Land Cruiser Prado vary between R20,073 and R27,625
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 |
|---|---|---|---|---|
| Prado 2.8GD TX | R1,145,500 | R23,451 | R21,106 | R20,073 |
| Prado 4.0 VX | R1,255,700 | R25,707 | R23,136 | R22,004 |
| Prado 2.8GD VX | R1,294,300 | R26,497 | R23,847 | R22,681 |
| Prado 4.0 VX-L | R1,308,900 | R26,796 | R24,116 | R22,937 |
| Prado 2.8GD VX-L | R1,349,400 | R27,625 | R24,863 | R23,646 |
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 |
| Prado 2.8GD TX | R156,339 | R140,705 | R133,821 |
| Prado 4.0 VX | R171,379 | R154,241 | R146,695 |
| Prado 2.8GD VX | R176,647 | R158,982 | R151,205 |
| Prado 4.0 VX-L | R178,640 | R160,776 | R152,910 |
| Prado 2.8GD VX-L | R184,167 | R165,750 | R157,642 |
Alternatives
The Toyota Land Cruiser Prado is a mid-size luxury SUV that combines sizable dimensions and powerful engine options, qualifying it for the SUV-D segment. The table below gives a comparison to other alternatives in the SUV-D segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Ford Everest | R15,027 | R25,076 | No Data |
| Hyundai Santa Fe | R15,700 | R22,407 | No Data |
| Kia Sorento | R15,743 | R22,908 | Very Low |
| Toyota Land Cruiser Prado | R20,073 | R27,625 | No Data |
| Hyundai Palisade | R21,281 | R24,659 | No Data |
Stats
Current popularity for the Toyota Land Cruiser Prado 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 pricing and financing options for the Toyota Land Cruiser Prado is crucial for potential buyers. The Prado is not only a significant investment but also a choice that involves factors such as resale value, ownership costs, and long-term satisfaction. Prospective customers should conduct thorough research and engage financial advisors to ensure they are making an informed decision, weighing the monthly installments and the true cost of ownership against the value and benefits received from this prestigious vehicle.
source: https://www.toyota.co.za/vehicles/land-cruiser-prado