First Prize: Is the Hyundai i10 worth 110 euros/month?
This page is translated from the original post "Premier prix : que vaut la Hyundai i10 à 110 euros / mois ?" in French.
- 04/04/2023 11:29
First of all, it’s important to understand one thing: nowadays, it’s impossible to buy a car, even with a very long-term credit, for 100 euros per month. At that price, you will never own the vehicle, but simply rent it via a Long-Term Rental (LTD) offer. At the end of the contract, you must return the car to the manufacturer, who then gains a used vehicle whose value remains excellent.
With that point understood, let’s move on to the offers. Today, Hyundai’s offer of its small city car i10 is notable. It’s the South Korean equivalent of the Renault Twingo or Peugeot 108, for example. At 3.67 meters long and 1.68 meters wide, it fits everywhere and parks easily. It primarily targets young drivers wanting a new, safe car equipped with all the driving aids required in 2023 within the European Union: ABS, ESP, two airbags, boosted braking, automatic engine stop and restart (Stop & Start), etc. This technological arsenal has naturally increased the base price of these cars.
So, to reduce the price as much as possible, Hyundai currently offers a version i10 1.0 67 ECO Initia… not available on their online configurator. With some searching, it’s possible to find it at a catalog price of 12,090 euros, compared to the initial price of 15,300 euros on their commercial site. Available via LTD during April 2023 at a rate of 110 €/month over 49 months and 40,000 kilometers, what are its features?
Primarily, this rate is only possible after an initial higher payment of 3940 euros, reduced to 2440 euros if you are eligible for the conversion bonus, followed by 48 monthly payments of 110 euros. The mechanic relies on a 1.0-liter 3-cylinder engine with 67 horsepower and 96 Nm of torque. Unfortunately, the transmission is tuned for long journeys to keep consumption at 4.8 liters / 100 km and 109 g/km (Class B). Performance understandably suffer: 0 to 100 km/h in 16.6 seconds (yes, you read that right!) and a top speed of 147 km/h. For a thrill, you’ll have to look elsewhere.
The Korean car compensates with reasonable equipment for this price: electric front windows, remote central locking, painted front and rear bumpers, MP3 radio with two speakers, and a USB port for charging your smartphone.
For a new car at 110 euros/month (not forgetting the initial XXL payment), it’s hard to complain.
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