A recent survey undertaken by online used car dealership Carspring reveals that South Africa is the fifth most affordable country in the world for the purchase of used cars.
The US tops the list, followed by the UK while Singapore is the most expensive country to buy every model.
The 40 countries researched included the majority of the largest car-producing nations, plus other countries of automotive interest, whilst brands were selected based on global popularity. Where no direct model comparison was available between nations, they identified comparable global models per brand and selected models with similar mileage and engines. With these conditions defined, they researched all used cars currently available in the market for each model, plus those sold in the past 12 months from hundreds of online outlets and brick and mortar retailers in five of the biggest cities in each market.
The overall findings of the 2017 Used Car Price Index are as follows: