In January 2021, the price per litre of 95 unleaded in Gauteng was R14.86 a litre and now it is R24.17 a litre, reflecting a whopping 62% increase in 18 months. Annabel Bishop, the chief economist at Investec, warns that rising oil prices may see the fuel price going up by another R3 in July, increasing pressure on motorists.
Using the example of a fairly modest 2021 VW Polo 1.4, North says you should budget about 2.5% of your car’s value each year for expendable maintenance such as brake pads, windscreen wipers and tyres, which works out to about R500 a month or R6,000 a year. A quick search on the Naked website reveals that insurance on the VW Polo would be R472 a month. This premium will vary depending on the individual driver’s history, age and location.
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Station wagons?