Hyundai Grand i10 Sedan Monthly Installment

by Leland Morrison, on 5 February 2024

Hyundai Grand i10 Sedan Hyundai Grand i10 Sedan

Jump to

Overview

The Hyundai Grand i10 Sedan offers a compelling blend of style, convenience, and comfort. Touted for its modern design and smooth ride, this vehicle also provides additional space, making it ideal for those who value safety and want to transport their valuable belongings securely.

Highlighting the vehicle’s exterior features, the Grand i10 Sedan boasts a black radiator grille and 15-inch alloy wheels, complemented by halogen headlamps and LED daytime running lights that enhance its visually striking presence on the road.

Evolution

The Hyundai Grand i10 Sedan has evolved to meet the needs of modern drivers by incorporating a range of innovative features. Inside, the car is adorned with an interior mood lamp, an artificial leather multifunction steering wheel, and a unique combination of cloth & vinyl seats with red trim, providing a bespoke and comfortable environment.

The evolution continues with practical elements like electric folding side mirrors, cruise control, and USB charging ports. Safety is also a priority as the vehicle comes standard with features like driver and passenger airbags and ISOFIX mounts, ensuring peace of mind on every journey.

Price

The Hyundai Grand i10 Sedan is available in a range of variants, each with its own set of features and price tag. The base model starts at R292,500, 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 Sedan 1.2 Fluid Manual R292,500
Grand i10 Sedan 1.2 Fluid Auto R323,900

Additional Costs to Consider:

Monthly Installment

Monthly payments for the Hyundai Grand i10 Sedan vary between R4,977 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 Sedan 1.2 Fluid Manual R292,500 R5,833 R5,250 R4,977
Grand i10 Sedan 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 Sedan 1.2 Fluid Manual R38,888 R34,999 R33,182
Grand i10 Sedan 1.2 Fluid Auto R43,062 R38,756 R36,744

Alternatives

The Hyundai Grand i10 Sedan fits into the 'B' segment as it is a small-sized sedan with a compact body, falling into the category of subcompact cars. With a 1.2-litre petrol engine and overall dimensions that are characteristic of this segment, it aligns with the typical size and engine specifications for segment B vehicles. The table below gives a comparison to other alternatives in the B segment.

Name Monthly From Monthly To Popularity
Hyundai Grand i10 R3,920 R6,459 No Data
Toyota Starlet R4,172 R6,760 No Data
VW Polo Vivo R4,317 R6,918 No Data
Kia Pegas R4,907 R6,282 Very Low
Hyundai Grand i10 Sedan R4,977 R6,459 No Data
Kia Rio R5,745 R7,777 Low
Hyundai i20 R5,795 R9,323 No Data
VW Polo R6,088 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 Sedan's price and the available monthly installment options is crucial for potential buyers. This knowledge can significantly influence the decision-making process, ensuring that the choice aligns with personal budgeting and lifestyle requirements.

It's advisable for buyers to thoroughly research and consider all aspects of the purchase. Consulting with financial advisors can provide additional insights into the implications of such an investment. Remember, a car is not just a mode of transport; it's a commitment that should be aligned with one’s financial stability and goals.

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