Hyundai Kona N Monthly Installment
by Leland Morrison, on 5 February 2024
Jump to
- Overview
- Evolution of the Hyundai Kona N
- Hyundai Kona N Price
- Hyundai Kona N Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Hyundai Kona N boasts a lineage of dynamic and high performance attributes, catering to both driver and passenger for an adrenaline-filled journey. The brand's N division signifies an enhanced focus on speed and performance capability, which is clearly encapsulated in the Kona N. It is designed not only for utility but also for a thrilling driving experience, blending SUV versatility with the track-ready performance of an N model.
Evolution
Embracing the N brand's ethos, the all-new Kona N represents a significant leap in the evolution of Hyundai's performance line. It incorporates features like an electronically controlled mechanical limited slip differential (e-LSD), which optimizes traction and cornering speed. The evolution also extends to its appearance, with distinctive N-branded red brake calipers and a variety of performance-centric design enhancements. Furthermore, the interior doesn't lag behind, featuring world-class comforts and safety features that ensure a ride that's not only fast but also satisfying and safe.
Price
The Hyundai Kona N is only available in one variant in South Africa. It is priced at R848,900.
| Variant | Price |
|---|---|
| KONA 2.0 N DCT | 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 Kona N 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 |
|---|---|---|---|---|
| KONA 2.0 N DCT | 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 |
| KONA 2.0 N DCT | R115,859 | R104,273 | R99,171 |
Alternatives
With dimensions that fit within the compact range and a strong engine under the hood, the Hyundai Kona N is well-placed in the SUV-B segment. It presents a blend of practicality and performance-oriented features that set it apart in its category. The table below gives a comparison to other alternatives in the SUV-B segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Nissan Qashqai | R9,129 | R13,729 | Very Low |
| Ford Puma | R9,164 | R12,568 | No Data |
| Hyundai Tucson | R9,463 | R16,703 | No Data |
| Honda CRV | R9,983 | R17,174 | Very Low |
| VW Tiguan | R10,079 | R17,002 | Medium |
| Citroen C5 Aircross | R10,474 | R14,001 | Very Low |
| Kia Sportage | R10,558 | R16,357 | Low |
| Toyota RAV4 | R11,799 | R17,059 | Low |
| Audi Q3 | R12,401 | R16,634 | Low |
| BMW X1 | R13,732 | R18,438 | Low |
| Hyundai Kona N | 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 Kona N's price and monthly installment options is essential for prospective buyers. Not only does this information provide insights into the car's affordability, but it also allows for a comparison with other vehicles in the same segment. By being well-informed, potential buyers can make a decision that aligns with their financial situation and lifestyle needs.
It is highly recommended to undertake a thorough research process and to consult with financial advisors before embarking on the purchase of a vehicle like the Hyundai Kona N. With its compelling blend of luxury, safety, and performance, the Kona N is a noteworthy investment for car enthusiasts and practical users alike.
source: https://www.hyundai.co.za/new-vehicles/showroom/performance/kona%20n