Hyundai Staria Monthly Installment
by Leland Morrison, on 5 February 2024
Jump to
- Overview
- Evolution of the Hyundai Staria
- Hyundai Staria Price
- Hyundai Staria Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
Introducing the Hyundai Staria, a luxurious multi-purpose vehicle (MPV) known for its unique craftsmanship and eye-catching styling. Designed to elevate family road trips, the Staria comes with a robust 8-speed automatic transmission engine, a dual sunroof, and an array of luxury interior amenities. Automotive enthusiasts will be drawn to its high-end features like Nappa leather seats, heated and ventilated seating, and a 360-degree camera for ultimate driving convenience.
Evolution
The evolution of the Hyundai Staria signifies Hyundai's commitment to excellence and innovation. Over time, this vehicle has melded sophistication with functionality, presenting an aesthetically pleasing exterior combined with an interior rich in comfort and technology. The Staria now boasts 18-inch alloy wheels and modern metallic trims that accentuate its unique exterior design. Additionally, advancements in safety features like Blind-Spot Collision Avoidance Assist and Forward Collision Avoidance cement the Staria as a top contender in its class.
Price
The Hyundai Staria is available in a range of variants, each with its own set of features and price tag. The base model starts at R909,900, while the top-of-the-line variant is priced at R1,263,900. The price of a particular variant depends on its engine, transmission, and other features.
| Variant | Price |
|---|---|
| R2.2 9str Executive Bus AT | R909,900 |
| R2.2 11str Executive Bus AT | R921,900 |
| R2.2 9str Elite Bus AT | R1,050,500 |
| R2.2 9str Luxury Bus AT | R1,263,900 |
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 Staria vary between R15,945 and R25,875
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 9str Executive Bus AT | R909,900 | R18,628 | R16,765 | R15,945 |
| R2.2 11str Executive Bus AT | R921,900 | R18,873 | R16,986 | R16,155 |
| R2.2 9str Elite Bus AT | R1,050,500 | R21,506 | R19,355 | R18,408 |
| R2.2 9str Luxury Bus AT | R1,263,900 | R25,875 | R23,287 | R22,148 |
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 |
| R2.2 9str Executive Bus AT | R124,184 | R111,765 | R106,298 |
| R2.2 11str Executive Bus AT | R125,822 | R113,239 | R107,700 |
| R2.2 9str Elite Bus AT | R143,373 | R129,036 | R122,723 |
| R2.2 9str Luxury Bus AT | R172,498 | R155,248 | R147,653 |
Alternatives
Given the Hyundai Staria's physical size with dimensions of 5253mm in length, 1990mm in height, and seating for up to 9 passengers, along with its robust diesel engine, it fits comfortably within the MPV segment. Its extensive list of high-end features further solidifies its placement in this category. The table below gives a comparison to other alternatives in the MPV segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Hyundai Staria Multicab | R13,304 | R15,987 | No Data |
| Hyundai Staria | R15,945 | R25,875 | No Data |
| Kia Carnival | R16,233 | R23,522 | Very Low |
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 price and monthly installment options for the Hyundai Staria is crucial for any potential buyer. Given its luxury status and advanced features, the Staria represents a significant investment. Thus, conducting thorough market research and seeking advice from financial advisors is highly recommended to ensure that buyers make an informed decision that aligns with their financial plan and lifestyle needs.
source: https://www.hyundai.co.za/new-vehicles/showroom/mpv/staria