Check with seller Average monthly cost of motoring in South Africa in 2019 Miami
- Location: Miami, Miami, Florida, USA
WesBank says the average cost of motoring in South Africa continues to “rise steadily”, with the latest figure sitting at nearly R8 000.
The firm’s monthly mobility basket, which comprises vehicle instalments, fuel, insurance and maintenance fees, has risen to R7 851,39. This is 3,0 percent higher than 2018’s figures, and 28 percent higher than five years ago when monthly costs amounted to R6 144,22.
The total mobility basket comprises all the fees that are involved with vehicle ownership: a monthly instalment, the insurance premium, fuel and maintenance fees. WesBank says these expenses are “regularly updated to reflect inflation, interest rates and other fluctuating costs”, and are based on an “average entry-level vehicle” that travels approximately 2 500 km per month.
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