Audi A3 Sportback Monthly Installment
by Leland Morrison, on 6 November 2023
Jump to
- Overview
- Evolution of the Audi A3 Sportback
- Audi A3 Sportback Price
- Audi A3 Sportback Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Audi A3 Sportback is a compact luxury hatchback known for its sporting performance, impressive technological integration, and high-quality interior design. Introduced by the top-tier German automobile manufacturer, Audi, the A3 Sportback combines an agile drive with practicality, making it an ideal choice for those requiring the efficiency of a smaller car without compromising the luxury and technological advancements associated with the Audi brand.
Boasting a sophisticated, sleek exterior design, this car also boasts a spacious and luxurious interior. The model is equipped with top-of-the-line safety features, intuitive infotainment systems, and advanced driver-assistance technologies. Moreover, the power and performance delivered by its turbocharged engines appeal to those who enjoy a spirited drive.
Evolution
The evolution of the Audi A3 Sportback chronicles a journey of continuous innovation. Launched initially as a three-door hatchback in 1996, the A3 quickly gained popularity in Europe because of its up-market appeal in the compact car segment. The five-door Sportback variant debuted in 2004, offering more space and flexibility compared to the original model.
The major revamp came with the third generation in 2012 when it debuted the famed Audi Virtual Cockpit. The interiors saw an upgrade with a focus on minimalist design and high-quality materials. Today, the A3 Sportback is in its fourth generation, that was introduced in 2020, with even more high-tech features, including a mild hybrid system on some models and innovative safety features like the Audi Pre-sense front system.
Price
The Audi A3 Sportback is available in a range of variants, each with its own set of features and price tag. The base model starts at R664,600, while the top-of-the-line variant is priced at R1,296,500. The price of a particular variant depends on its engine, transmission, and other features.
| Variant | Price |
|---|---|
| 35 TFSI | R664,600 |
| 35 TFSI Advanced | R689,600 |
| 35 TFSI S line | R704,600 |
| 40 TFSI S line | R757,300 |
| S3 TFSI quattro | R928,800 |
| RS3 Sportback | R1,296,500 |
Additional Costs to Consider:
- Dealer Fees: Can include documentation, processing, and other administrative charges.
- Optional Add-ons: Upgraded features, accessories, or enhancements that come at an extra cost.
- Extended Warranties: Offer prolonged protection for the product at an additional price.
- Other Costs: Miscellaneous expenses that might arise such as transfer of ownership.
Monthly Installment
Monthly payments for the Audi A3 Sportback vary between R11,309 and R25,855
The following table provides a few example calculations using the prime interest rate + 2% (13.75%) over a period of 6 years or 72 months.
| Variant | Price | Installment | 10% deposit | 10% deposit and residual |
|---|---|---|---|---|
| 35 TFSI | R664,600 | R13,254 | R11,928 | R11,309 |
| 35 TFSI Advanced | R689,600 | R13,752 | R12,377 | R11,735 |
| 35 TFSI S line | R704,600 | R14,051 | R12,646 | R11,990 |
| 40 TFSI S line | R757,300 | R15,102 | R13,592 | R12,887 |
| S3 TFSI quattro | R928,800 | R18,523 | R16,670 | R15,805 |
| RS3 Sportback | R1,296,500 | R25,855 | R23,270 | R22,062 |
The installment goes down when a 10% deposit is provided and even further when a 10% residual is added
Factors affecting your monthly installment:
- Prime interest rate
- Loan term
- Deposit
- Residual
- Credit score
Minimum monthly salary
Banks typically recommend not spending more than 15% of your monthly salary on a car repayment. With that in mind, here is the recommended monthly salary for each variant:
| Minimum Salary | |||
|---|---|---|---|
| Variant | No deposit | 10% deposit | 10% deposit and residual |
| 35 TFSI | R88,358 | R79,522 | R75,394 |
| 35 TFSI Advanced | R91,682 | R82,514 | R78,230 |
| 35 TFSI S line | R93,676 | R84,308 | R79,932 |
| 40 TFSI S line | R100,683 | R90,614 | R85,910 |
| S3 TFSI quattro | R123,483 | R111,135 | R105,366 |
| RS3 Sportback | R172,369 | R155,132 | R147,079 |
Alternatives
The A3 Sportback is a compact car, fitting well into the C segment. The table below gives a comparison to other alternatives in the C segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Toyota Corolla Hatch | R8,649 | R11,628 | No Data |
| Toyota Corolla | R8,902 | R11,259 | No Data |
| Audi A3 Sportback | R11,309 | R25,855 | Very Low |
| Toyota GR Yaris | R14,811 | R16,756 | No Data |
| Hyundai i30N | R14,984 | R16,929 | No Data |
Stats
Current popularity for the Audi A3 Sportback is Very Low with around 8 650 searches per month.
Tips to Secure the Best Monthly Installment Deal
Securing the best monthly installment deal is crucial for managing your finances effectively. Whether you're financing a car, home, or any other purchase, a favorable installment plan can save you money and reduce financial strain. Here are some tips to help you land the best deal:
- Research & Compare: Investigate various lenders, comparing their rates, terms, and fees using online tools.
- Check Credit Score: A better score can lead to lower rates. Regularly review and work on improving it.
- Negotiate: Don't settle for the first offer. Be informed about market rates and available promotions.
- Choose Shorter Terms: Longer terms might have smaller payments but higher interest. Opt for shorter terms if possible.
- Consider a Deposit: A significant deposit can reduce monthly payments and possibly get a better rate.
- Understand the Terms: Be clear on all conditions, especially penalties for early or missed payments.
- Maintain Your Budget: Determine your monthly limit and stick to it. Avoid tempting deals that exceed it.
- Seek Pre-approval: It provides clarity on what you qualify for and aids in negotiations.
By being diligent, informed, and proactive, you can secure a monthly installment deal that aligns with your financial goals and provides peace of mind.
Conclusion
Being well informed about the Audi A3 Sportback price and monthly installment options is a significant aspect when choosing to purchase this car. The financial commitment associated with buying a luxury car like the Audi A3 Sportback is substantial, and understanding the detailed price structure can contribute to a stress-free ownership experience.
Potential buyers should conduct thorough research on various financing options available, including dealer financing and bank loans. It is also advisable to consult with financial advisors to make a clear and considered decision. With a sound financial strategy, you can enjoy the luxury and performance of the Audi A3 Sportback without any undue financial burden.
source: https://www.audi.co.za/content/dam/nemo/za/prices/a3/Oct-2023/A3_Sportback_October_2023.pdf