Mahindra Bolero value and depreciation
Known for bare-bones farm workhorse at rock-bottom price.
Projected value of a new Mahindra Bolero
We class the Mahindra Bolero as a weak-franchise mainstream in our 12-tier model, which puts its retention at roughly 63% after three years and 50% after five. Perfectly good cars weighed down by dealer-network and parts-cost perception on the used market.
Retention table
| After | Retained | Retail value | Trade-in |
|---|---|---|---|
| 1 year | 80% | R 169 661 | R 149 302 |
| 3 years | 63% | R 134 324 | R 118 205 |
| 5 years | 50% | R 106 348 | R 93 586 |
| 7 years | 39% | R 82 601 | R 72 689 |
| 10 years | 27% | R 56 542 | R 49 757 |
Estimates for a new purchase at R 212 999; retail basis, trade-in ≈ 12% under retail.
Mahindra's first model in South Africa, on sale since 2004, the Bolero survives as a no-frills single cab workhorse for farms and small businesses. Buyers get a simple diesel bakkie at a price no established rival can match. Trade-in values are modest, so it suits owners who run their vehicles into the ground.
What used Bolero years are worth today
Tap a year for the full breakdown: value range, remaining depreciation, and what to pay.
| Year | Est. retail today | Trade-in | |
|---|---|---|---|
| 2026 Bolero | R 212 999 | R 187 439 | Details → |
| 2025 Bolero | R 160 816 | R 141 518 | Details → |
| 2024 Bolero | R 135 632 | R 119 356 | Details → |
| 2023 Bolero | R 114 393 | R 100 666 | Details → |
| 2022 Bolero | R 96 479 | R 84 902 | Details → |
| 2021 Bolero | R 81 370 | R 71 606 | Details → |
| 2020 Bolero | R 67 974 | R 59 817 | Details → |
| 2019 Bolero | R 56 783 | R 49 969 | Details → |
| 2018 Bolero | R 47 435 | R 41 743 | Details → |
| 2017 Bolero | R 39 625 | R 34 870 | Details → |
| 2016 Bolero | R 33 102 | R 29 130 | Details → |
| 2015 Bolero | R 27 652 | R 24 334 | Details → |
Bolero against its rivals
Where the Bolero ranks
Mahindra Bolero: common questions
What is a Mahindra Bolero worth after 3 years?
A Mahindra Bolero bought new today for R 212 999 is projected to be worth about R 134 324 after three years, which is 63% of its price. A dealer trade-in offer would sit closer to R 118 205.
Does the Mahindra Bolero hold its value?
We class the Mahindra Bolero as a weak-franchise mainstream in our 12-tier model, which puts its retention at roughly 63% after three years and 50% after five. Perfectly good cars weighed down by dealer-network and parts-cost perception on the used market.
What does a used Mahindra Bolero cost?
As a guide: a 2024 model is worth about R 135 632 retail today, while a 2015 model sits around R 27 652. Condition, mileage and spec move real prices by 10% or more either way.
What would a Mahindra Bolero cost per month?
Financing a new Mahindra Bolero at R 212 999 over 72 months at 11.75% with a 10% deposit comes to roughly R 3 723 per month before bank fees and insurance.
Keep going
All figures are modelled estimates for planning, not offers or valuations. Data reviewed 2026.