Hyundai Santa Fe Monthly Installment

by Leland Morrison, on 5 February 2024

Hyundai Santa Fe Hyundai Santa Fe

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The Hyundai Santa Fe has established its reputation as a versatile and reliable family SUV. It is designed to accommodate the needs of consumers who seek comfort, safety, and performance in their daily commute and adventurous outings. Over the years, the Santa Fe has been an ideal choice for those looking to create lasting memories with family and friends.


Over time, the Hyundai Santa Fe has undergone significant evolution. From its earlier models, known for their practicality and affordability, to the newer iterations that boast a premium look and feel with features like 20” alloy wheels, full LED headlamps, and sophisticated safety systems. The Elite model, in particular, showcases Hyundai's dedication to luxury and technological advancement with its plush interior and a host of convenience features.


The Hyundai Santa Fe is available in a range of variants, each with its own set of features and price tag. The base model starts at R931,900, while the top-of-the-line variant is priced at R1,094,500. The price of a particular variant depends on its engine, transmission, and other features.

Variant Price
R2.2 Executive FWD R931,900
R2.2 Elite AWD R1,050,500
R2.2 Elite AWD MY23 R1,094,500

Additional Costs to Consider:

Monthly Installment

Monthly payments for the Hyundai Santa Fe vary between R16,330 and R22,407

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
R2.2 Executive FWD R931,900 R19,078 R17,170 R16,330
R2.2 Elite AWD R1,050,500 R21,506 R19,355 R18,408
R2.2 Elite AWD MY23 R1,094,500 R22,407 R20,166 R19,179

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
R2.2 Executive FWD R127,186 R114,468 R108,868
R2.2 Elite AWD R143,373 R129,036 R122,723
R2.2 Elite AWD MY23 R149,378 R134,440 R127,863


With its 7-seater capacity, enhanced performance, and sizable dimensions, the Hyundai Santa Fe is appropriately placed in the SUV-D segment. It offers the space and functionality typically expected in this class. The table below gives a comparison to other alternatives in the SUV-D segment.

Name Monthly From Monthly To Popularity
Toyota Fortuner R11,032 R19,559 No Data
Ford Everest R15,657 R25,076 No Data
Hyundai Santa Fe R16,330 R22,407 No Data
Kia Sorento R16,373 R22,908 Very Low
Toyota Land Cruiser Prado R20,703 R27,625 No Data
Hyundai Palisade R21,911 R24,659 No Data


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.


Understanding the price and monthly installment options for the Hyundai Santa Fe is crucial for potential buyers. Given the significant investment that a vehicle purchase represents, it is important for customers to conduct comprehensive research and even seek the guidance of financial advisors to ensure that the decision to buy aligns with their financial situation. By delving into the specifications, safety features, and performance data of the Santa Fe, consumers can make an informed choice that matches their lifestyle and budgetary needs.