Hyundai Grand i10 Monthly Installment

by Leland Morrison, on 5 February 2024

Hyundai Grand i10 Hyundai Grand i10

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Overview

The Hyundai Grand i10 is a vibrant and dynamic hatchback designed to bring excitement to the everyday drive. Engineered to deliver a spirited performance, wrapped in a sporty and sleek design, the Grand i10 is an attraction on wheels. The car is not just about looks; it's packed with smart tech features, trendy interiors, and offers a comfortable driving experience. Whether you are navigating city streets or embarking on an adventure, the Grand i10 is said to elevate your journey.

Evolution

From its inception, the Hyundai Grand i10 has undergone various upgrades to enhance its appeal and performance. The Grand i10 boasts various model options including the 1.0 and 1.2 petrol engines, with either a manual or automatic transmission. Over time, the Grand i10 has seen improvements in fuel efficiency and reduced emissions, catering to environmental consciousness. Additionally, safety features like ISOFIX anchor points, driver and passenger airbags have become standard, ensuring that safety is as much a priority as style and performance.

Price

The Hyundai Grand i10 is available in a range of variants, each with its own set of features and price tag. The base model starts at R239,500, while the top-of-the-line variant is priced at R323,900. The price of a particular variant depends on its engine, transmission, and other features.

Variant Price
Grand i10 1.0 Motion Manual R239,500
Grand i10 1.0 Fluid Manual R277,500
Grand i10 1.2 Motion Auto R282,500
Grand i10 1.2 Fluid Manual R292,500
Grand i10 1.2 Fluid Auto R323,900

Additional Costs to Consider:

Monthly Installment

Monthly payments for the Hyundai Grand i10 vary between R4,075 and R6,459

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
Grand i10 1.0 Motion Manual R239,500 R4,776 R4,299 R4,075
Grand i10 1.0 Fluid Manual R277,500 R5,534 R4,981 R4,722
Grand i10 1.2 Motion Auto R282,500 R5,634 R5,070 R4,807
Grand i10 1.2 Fluid Manual R292,500 R5,833 R5,250 R4,977
Grand i10 1.2 Fluid Auto R323,900 R6,459 R5,813 R5,512

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
Grand i10 1.0 Motion Manual R31,841 R28,657 R27,170
Grand i10 1.0 Fluid Manual R36,893 R33,204 R31,480
Grand i10 1.2 Motion Auto R37,558 R33,802 R32,048
Grand i10 1.2 Fluid Manual R38,888 R34,999 R33,182
Grand i10 1.2 Fluid Auto R43,062 R38,756 R36,744

Alternatives

The Hyundai Grand i10 falls under the Segment B as a subcompact car. Its overall dimensions and engine displacement align with typical offerings in this segment, emphasizing efficiency and maneuverability in urban environments. The table below gives a comparison to other alternatives in the B segment.

Name Monthly From Monthly To Popularity
Hyundai Grand i10 R4,075 R6,459 No Data
Toyota Starlet R4,327 R6,760 No Data
VW Polo Vivo R4,472 R6,918 No Data
Kia Pegas R5,062 R6,282 Very Low
Hyundai Grand i10 Sedan R5,132 R6,459 No Data
Kia Rio R5,900 R7,777 Low
Hyundai i20 R5,950 R9,323 No Data
VW Polo R6,243 R10,841 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:

  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

Understanding the Hyundai Grand i10 price and monthly installment options is crucial for potential buyers. This stylish, safe, and smart hatchback delivers enhanced driving experiences without compromising on comfort. Several choices between engine types and transmissions provide an option suitable for different preferences and needs. It is imperative to conduct thorough research and perhaps consult with financial advisors to make an informed decision that aligns with one's budget and lifestyle requirements when considering the purchase of a vehicle like the Hyundai Grand i10.

source: https://www.hyundai.co.za/new-vehicles/showroom/hatchback/grand%20i10