Hyundai i30N Monthly Installment
by Leland Morrison, on 5 February 2024
Jump to
- Overview
- Evolution of the Hyundai i30N
- Hyundai i30N Price
- Hyundai i30N Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Hyundai i30N represents the zenith of Hyundai's foray into the high-performance segment, a showcase of what the marque's N division is capable of producing. With its award-winning third-generation i30 underpinnings, the i30N is engineered to provide an uncompromised driving exhilaration both on the asphalt and the track.
Boasting an exterior that defies the conventions of aerodynamics and an interior that tickles every sense, the Hyundai i30N doesn't compromise on comfort and practicality, making it an everyday performance vehicle. This model introduces Hyundai drivers to unprecedented levels of emotion and excitement, thanks to its meticulously engineered chassis, cutting-edge e-LSD technology, and high-level of connectivity features.
Evolution
Since its inception, the i30N has undergone a transformative journey, emerging as the ultimate expression of Hyundai's N division. The model has endured rigorous testing, completing nearly 500 laps on the Nürburgring, one of the world's most challenging racetracks, embodying Hyundai's commitment to performance and precision.
Each component, from the suspension and steering to brakes and tires, has been overhauled to give driving enthusiasts a car that is electrifying to drive yet comfortable for daily use. With selectable damping modes and a bespoke steering system, the i30N redefines the hot hatch experience with exceptional turn-in characteristics and dynamic performance.
Price
The Hyundai i30N is only available in one variant in South Africa. It is priced at R848,900.
| Variant | Price |
|---|---|
| i30 N 2.0 T-GDI | R848,900 |
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 i30N vary between R14,876 and R17,379
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 |
|---|---|---|---|---|
| i30 N 2.0 T-GDI | R848,900 | R17,379 | R15,641 | R14,876 |
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 |
| i30 N 2.0 T-GDI | R115,859 | R104,273 | R99,171 |
Alternatives
The Hyundai i30N is classified in the 'C' segment as it is a compact car based on its overall length of 4340mm and wheelbase of 2650mm. It also slots into this segment due to its hatchback body style and engine displacement of 1998cc. The table below gives a comparison to other alternatives in the C segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Audi A3 Sportback | R11,103 | R26,542 | Very Low |
| Toyota GR Yaris | R14,698 | R17,201 | No Data |
| Hyundai i30N | R14,876 | R17,379 | 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 i30N's price and financial packages is crucial for prospective buyers. This performance vehicle's allure is not just in its thrilling drive but also in its attainability. Prospective buyers are urged to conduct comprehensive research and consider their financial options, including monthly installments, to ensure an informed purchase.
Visiting financial advisors and exploring various financing avenues can help potential owners join the ranks of Hyundai performance enthusiasts in a manner that is financially prudent and satisfying.
source: https://www.hyundai.co.za/new-vehicles/showroom/performance/i30n