for subscribers

Car instalments up 43.8% over five years

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - New data from WesBank shows that the overall cost of motoring is still on the rise, despite recent cuts to interest rates and fuel prices, as well as a slowdown in vehicle price inflation.

The monthly mobility basket – instalments, fuel, insurance and maintenance fees – has increased 24.2% since July 2013, Wesbank said on Friday.

The SA Reserve Bank (SARB) cut the repo rate by 25 basis points on Thursday.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.59
(+0.76)
ZAR/GBP
21.40
(+0.92)
ZAR/EUR
19.50
(+0.53)
ZAR/AUD
11.94
(+0.35)
ZAR/JPY
0.16
(+0.82)
Gold
1909.10
(+1.14)
Silver
23.94
(+2.59)
Platinum
900.00
(+1.14)
Brent Crude
42.12
(+1.78)
Palladium
2311.99
(+0.80)
All Share
54446.78
(+0.34)
Top 40
50159.14
(+0.23)
Financial 15
10158.72
(+0.86)
Industrial 25
73766.43
(+0.79)
Resource 10
53032.08
(-0.66)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1403 votes
It depends on how the funds are used.
73% - 9092 votes
No. We should have gotten the loan elsewhere.
16% - 2000 votes
Vote