Audi A3 Sportback Monthly Installment

by Leland Morrison, on 6 November 2023

Audi A3 Sportback Audi A3 Sportback

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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 R928,800. 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

Additional Costs to Consider:

Monthly Installment

Monthly payments for the Audi A3 Sportback vary between R11,646 and R19,014

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 R13,606 R12,245 R11,646
35 TFSI Advanced R689,600 R14,118 R12,706 R12,084
35 TFSI S line R704,600 R14,425 R12,982 R12,347
40 TFSI S line R757,300 R15,504 R13,953 R13,271
S3 TFSI quattro R928,800 R19,014 R17,113 R16,276

The installment goes down when a 10% deposit is provided and even further when a 10% residual is added

Factors affecting your monthly installment:

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 R90,705 R81,635 R77,641
35 TFSI Advanced R94,117 R84,705 R80,561
35 TFSI S line R96,164 R86,548 R82,314
40 TFSI S line R103,357 R93,021 R88,470
S3 TFSI quattro R126,763 R114,087 R108,506

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 R8,915 R11,937 No Data
Toyota Corolla R9,175 R11,559 No Data
Audi A3 Sportback R11,646 R19,014 Very Low
Toyota GR Yaris R15,241 R17,201 No Data
Hyundai i30N R15,419 R17,379 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:

  1. Research & Compare: Investigate various lenders, comparing their rates, terms, and fees using online tools.
  2. Check Credit Score: A better score can lead to lower rates. Regularly review and work on improving it.
  3. Negotiate: Don't settle for the first offer. Be informed about market rates and available promotions.
  4. Choose Shorter Terms: Longer terms might have smaller payments but higher interest. Opt for shorter terms if possible.
  5. Consider a Deposit: A significant deposit can reduce monthly payments and possibly get a better rate.
  6. Understand the Terms: Be clear on all conditions, especially penalties for early or missed payments.
  7. Maintain Your Budget: Determine your monthly limit and stick to it. Avoid tempting deals that exceed it.
  8. 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