Kia Sonet Monthly Installment
by Leland Morrison, on 17 January 2024
Jump to
- Overview
- Evolution of the Kia Sonet
- Kia Sonet Price
- Kia Sonet Monthly Installment
- Minimum Monthly Salary
- Alternatives
- Stats
- Tips to Secure the Best Monthly Installment
- Conclusion
Overview
The Kia Sonet emerges as a striking figure on the road, encapsulating the essence of a compact SUV with its refined and dynamic appearance. With a suite of forward-thinking technology, the Sonet stands out with features like the 8-inch touch screen infotainment system, compatible with both Android Auto and Apple Carplay, and practical safety tools such as the Rear View Monitor (RVM).
The cabin of the Sonet is not just practical but also boasts a stylish, connected, and spacious environment. The smart interior integrates a 4.2-inch mono TFT LCD screen* displaying vital vehicle metrics and is fashioned to keep passengers comfortable, informed, and entertained. To complete its urban SUV profile, the Sonet comes with diamond-cut 16-inch alloy wheels* that enhance its sporty stature.
Evolution
The Kia Sonet has evolved to highlight its sporty SUV contours and standout design elements. From the car's striking headlights, inspired by a tiger's gaze, to the sporty accents and trim, all aspects of the Sonet have been curated to symbolize a journey of discovery and possibility.
One of the notable evolutionary features is the integration of high-end safety systems such as 6 airbags, Parking Distance Warning (PDW), and Hill-start Assist Control (HAC), revealing Kia's commitment to precision-enhanced simplicity. Furthermore, the vehicle's underpinning is a testament to modernization with its usage of high-strength steel, ensuring remarkable rigidity and passenger protection.
Price
The Kia Sonet is available in a range of variants, each with its own set of features and price tag. The base model starts at R360,995, while the top-of-the-line variant is priced at R453,995. The price of a particular variant depends on its engine, transmission, and other features.
| Variant | Price |
|---|---|
| 1.5 MT LX | R360,995 |
| 1.5 MT EX | R380,995 |
| 1.5 CVT LX | R381,995 |
| 1.5 CVT EX | R401,995 |
| 1.0T EX 7DCT | R423,995 |
| 1.0T EX+ 7DCT | R453,995 |
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 Kia Sonet vary between R6,143 and R9,054
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 |
|---|---|---|---|---|
| 1.5 MT LX | R360,995 | R7,199 | R6,479 | R6,143 |
| 1.5 MT EX | R380,995 | R7,598 | R6,838 | R6,483 |
| 1.5 CVT LX | R381,995 | R7,618 | R6,856 | R6,500 |
| 1.5 CVT EX | R401,995 | R8,017 | R7,215 | R6,841 |
| 1.0T EX 7DCT | R423,995 | R8,455 | R7,610 | R7,215 |
| 1.0T EX+ 7DCT | R453,995 | R9,054 | R8,148 | R7,725 |
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 |
| 1.5 MT LX | R47,994 | R43,195 | R40,952 |
| 1.5 MT EX | R50,653 | R45,588 | R43,221 |
| 1.5 CVT LX | R50,786 | R45,707 | R43,335 |
| 1.5 CVT EX | R53,445 | R48,100 | R45,603 |
| 1.0T EX 7DCT | R56,370 | R50,733 | R48,099 |
| 1.0T EX+ 7DCT | R60,358 | R54,322 | R51,502 |
Alternatives
The Kia Sonet, given its compact size, with an overall length of 4,120 mm and wheelbase of 2,500 mm, nestles within the SUV-B segment. Its design includes all typical characteristics of a compact SUV - manageable dimensions for urban environments paired with a robust stance and utility features. The table below gives a comparison to other alternatives in the SUV-B segment.
| Name | Monthly From | Monthly To | Popularity |
|---|---|---|---|
| Chery Tiggo 4 Pro | R4,526 | R8,154 | Medium |
| Hyundai Venue | R5,503 | R10,089 | No Data |
| Haval Jolion | R5,823 | R11,566 | Low |
| Kia Sonet | R6,143 | R9,054 | Low |
| Mazda CX-3 | R6,867 | R10,807 | Low |
| Toyota Corolla Cross | R7,088 | R10,843 | High |
| Omoda C5 | R7,876 | R10,169 | Very Low |
| Hyundai Creta | R8,087 | R10,420 | No Data |
| Kia Seltos | R8,237 | R11,208 | Low |
| Mazda CX-5 | R9,406 | R15,529 | 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 options for Kia Sonet's price and monthly installments is crucial for informed decision-making. Given the car's placement within the competitive SUV-B segment, potential buyers should contemplate their individual needs and financial commitments.
It's recommended to conduct extensive research on the vehicle's specifications and costs, as well as to consult with financial advisors or automotive experts. This process is key to ensure a purchase that aligns with one's lifestyle and budget, securing the best possible investment in the pursuit of life's journeys with the Kia Sonet.