Hyundai Grand Creta Monthly Installment
by Leland Morrison, on 5 February 2024
Jump to
- Overview
- Evolution of the Hyundai Grand Creta
- Hyundai Grand Creta Price
- Hyundai Grand Creta Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Hyundai Grand Creta emerges as an embodiment of sophisticated design and premium features in the Hyundai lineup. A class apart, it boasts a strikingly beautiful and premium exterior, set apart by a distinctively large grille, sleek daytime running lights, and LED headlamps. The vehicle's appeal is further elevated in its Elite models, which feature opulent 18-inch Alloy Wheels, indicative of its high-end stature.
Evolution
Over the years, the Hyundai Creta has undergone significant evolution to cater to the needs and tastes of modern consumers. The latest iteration, the Grand Creta, has expanded on comfort, safety, and technology, making it a highly competitive player in its category. From the stylish panoramic sunroof to the luxurious artificial leather seats and advanced safety features like Electronic Parking Brakes and ISOFIX, the evolution of the Grand Creta is a testament to Hyundai's commitment to innovation and customer satisfaction.
Price
The Hyundai Grand Creta is available in a range of variants, each with its own set of features and price tag. The base model starts at R520,500, while the top-of-the-line variant is priced at R644,500. The price of a particular variant depends on its engine, transmission, and other features.
| Variant | Price |
|---|---|
| 2.0 Executive MT | R520,500 |
| 2.0 Executive AT | R566,500 |
| 1.5 Diesel Executive AT | R588,500 |
| 2.0 Elite AT | R622,900 |
| 1.5 Diesel Elite AT | R644,500 |
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 Hyundai Grand Creta vary between R8,857 and R12,853
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 |
|---|---|---|---|---|
| 2.0 Executive MT | R520,500 | R10,380 | R9,342 | R8,857 |
| 2.0 Executive AT | R566,500 | R11,297 | R10,168 | R9,640 |
| 1.5 Diesel Executive AT | R588,500 | R11,736 | R10,562 | R10,014 |
| 2.0 Elite AT | R622,900 | R12,422 | R11,180 | R10,600 |
| 1.5 Diesel Elite AT | R644,500 | R12,853 | R11,568 | R10,967 |
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 |
| 2.0 Executive MT | R69,200 | R62,280 | R59,047 |
| 2.0 Executive AT | R75,316 | R67,784 | R64,265 |
| 1.5 Diesel Executive AT | R78,241 | R70,417 | R66,761 |
| 2.0 Elite AT | R82,814 | R74,533 | R70,664 |
| 1.5 Diesel Elite AT | R85,686 | R77,117 | R73,114 |
Alternatives
With its overall length of 4500mm, wheelbase of 2760mm, and comprehensive features, the Hyundai Grand Creta fits comfortably within the SUV-C segment. This classification aligns with its role as a mid-size SUV designed to offer ample space, advanced technology, and comfort. The table below gives a comparison to other alternatives in the SUV-C segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Chery Tiggo 7 Pro | R7,310 | R9,530 | Low |
| Haval H6 | R8,144 | R13,360 | Medium |
| Hyundai Grand Creta | R8,857 | R12,853 | No Data |
Stats
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
Understanding the Hyundai Grand Creta's price and monthly installment options is of paramount importance for potential buyers. The Grand Creta positions itself as a valuable option for those seeking luxury, space, and technology without venturing into the high-end luxury segments. Thorough research and consultation with financial advisors are essential steps in making an informed purchase decision. By doing so, buyers can align their budget with the comprehensive suite of features and comforts offered by this distinguished vehicle.
source: https://www.hyundai.co.za/new-vehicles/showroom/suv/grand%20creta