In a recent article, we explained what car depreciation was and delved into the new model Mazda CX-5. If you missed it, you can read it here.
This time, we will be taking a look at the ever popular Hyundai i30 and how it racks up against the market average. This could be really helpful for those either looking specifically to purchase a Hyundai i30 in the near future, or if you’re in the market for a small hatch and currently in the research stage yet to make a decision on which model you want.
And remember, you can help keep the depreciation rate down by taking good care of your car. That is, make sure you get it serviced at the recommended times or kilometre readings, wash it regularly, keep it parked undercover whenever possible, and don’t push it to its limits (too often, at least).
How the Hyundai i30 depreciation measures up against the market average
Canstar advises that the industry average regarding depreciation rates are:
- 19% after the first year from purchase
- 15% after the second year
- Another 15% in the third year
Now let’s work out its first-year depreciation rate. To do this, we determined the base model 2020 Hyundai i30 being the 2-litre petrol with 6-speed manual transmission, then hopped onto redbook.com.au to look it up.
Considering its $23,420 price tag new and that the trade-in price guide ranges between $16,900 and $19,200, we can calculate that its first-year depreciation rate is an estimated 18% to 28%.
Get into your new Hyundai i30 sooner
If you’re happy with the depreciation rate of the i30 and are keen to get into your new Hyundai with as little hassle and stress as possible, we’re here to help.
Just fill out some details in our online quote form to get an estimation of how much your repayments and interest rate will be, and if you’re happy with the estimate you can go ahead and apply for car financing online in as little as 5 minutes.
Once we receive your application, we’ll then get in touch and talk you through the lender options available to you, and once you’ve made a decision, we’ll take care of the rest while you can sit back and relax.
At Stratton Finance, it really is as simple as Quote. Approval. Settled!
Speak with us about financing a new Hyundai i30 now
Since our inception back in 1998, we have helped countless Aussies just like you to get into their new car sooner. You can rest assured that when you speak with one of the Stratton Finance team, you’ll be dealing with one of the finance industry’s leading professionals. And because we’ve been operating for more than 20 years now, we’ve been able to build up a huge network of not just lenders, but also dealerships. So not only can we find you the best possible car finance deal, we’ll also source you the best price for your new car.
If you’re interested in refinancing given today's record low interest rates, give us a call today on 1300 787 288 or shoot us a message using this online form. We'll help you learn more about how we can save you money and get you into your brand new car sooner.
*Using Melbourne city as the location during quotation at https://www.hyundai.com/au/en/shop/calculator#/i30