Hyundai Staria Multicab Monthly Installment
by Leland Morrison, on 5 February 2024
Jump to
- Overview
- Evolution of the Hyundai Staria Multicab
- Hyundai Staria Multicab Price
- Hyundai Staria Multicab Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Hyundai Staria Multicab emerges as a practical and stylish addition to the light commercial vehicle (LCV) market. Its futuristic design does not overshadow its core purpose as a versatile workhorse, offering premium finishes, five seats, and a considerable 2 890 litre VDA cargo space for various business and lifestyle needs.
Along with its ample space, the Hyundai Staria Multicab comes with modern conveniences like 17-inch alloy wheels, a multifunction steering wheel, and park distance control. Furthermore, it boasts a multitude of safety and convenience features making it a well-rounded choice for professionals and businesses alike.
Evolution
The Hyundai Staria Multicab represents an evolution in the lineage of Hyundai's LCV offerings. Transitioning from being solely utilitarian, this model embraces a balance between function and form, providing customization options such as ambulance, hearse, and repatriation vehicle conversions. Hyundai SA ensures that each conversion meets high standards by using approved conversion agents.
The evolutionary step can also be seen in the vehicle’s interior, which is equipped with manual air conditioning, audio systems, and multi-purpose steering wheel functionalities, enhancing driver comfort and convenience.
Price
The Hyundai Staria Multicab is only available in one variant in South Africa. It is priced at R780,900.
| Variant | Price |
|---|---|
| STARIA R2.2 5str Multicab AT | R780,900 |
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 Multicab vary between R13,684 and R15,987
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 |
|---|---|---|---|---|
| STARIA R2.2 5str Multicab AT | R780,900 | R15,987 | R14,388 | R13,684 |
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 |
| STARIA R2.2 5str Multicab AT | R106,578 | R95,920 | R91,227 |
Alternatives
Given its 5-seater configuration, ample cargo space, and functional design, the Hyundai Staria Multicab fits into the MPV (Multi-Purpose Vehicle) segment. Its physical size and on-board features cater to versatile use, from personal to commercial applications, which is characteristic of MPVs. The table below gives a comparison to other alternatives in the MPV segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Hyundai Staria Multicab | R13,684 | R15,987 | No Data |
| Hyundai Staria | R16,325 | R25,875 | No Data |
| Kia Carnival | R16,614 | 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
Being well-informed about the Hyundai Staria Multicab price and monthly installment options is crucial for potential buyers. Understanding these financial aspects ensures that buyers can make an informed decision while aligning their purchase with budgetary constraints and needs.
Potential customers are advised to undertake thorough market research and to consult with financial advisors before committing to a vehicle purchase. Doing so not only guarantees a wise investment but also aids in obtaining a vehicle that fulfills personal and professional requirements efficiently.
source: https://www.hyundai.co.za/new-vehicles/showroom/mpv/staria%20multicab