Hyundai Kona Financing: How much do you need to buy one?    

As far as Hyundai’s subcompact crossover offering in the Philippines is concerned, the Kona shares this distinction with the Venue. And yet, the classification seems more fitting for the former, with its dynamic vibe that makes it suitable for young buyers. 

It all starts with the name. Hyundai christened the Kona after Hawaii’s western district, consistent with the Korean carmaker’s penchant for branding its models after popular travel destinations. The moniker itself inspires images of sun-kissed surfers hanging ten while riding the waves, in an effort to endow the vehicle with an adventurous and fun-loving streak. 

There’s generous body cladding around the Kona’s athletic exterior, headlined by the cascading grille that’s flanked by split-type front lighting, comprising LED DRLs up top, projector headlamps, and foglamps. Roof rails accompany the blacked-out roofline which terminates in a rear spoiler, while wraparound taillights surround the tailgate. There’s 170mm of ground clearance to help the Kona negotiate unpaved roads. 

There's something about the Kona's design that conveys excitement

The predominantly dark interior offers fabric seats for up to five people, with a cargo bay that can be expanded by folding down the split-fold rear bench. Occupants will have to contend with manual air-conditioning and a floating-type mono LCD screen, although the Kona does feature Bluetooth and USB connectivity.
 
Power comes from a 2.0-liter Atkinson engine with multi-point injection, generating a healthy 147 hp and 195 Nm of torque. A 6-speed automatic gearbox makes the front wheels spin, while front MacPherson struts and a rear coupled torsion beam axle make the Kona agile on corners. Safety features include six airbags, anti-lock brakes, cruise control, seatbelts all around, and an included Tire Pressure Monitoring System (TPMS). 

Philippine-spec units miss out on the touchscreen and automatic climate control 

The Hyundai Kona currently comes in a lone GLS variant, which asks for Php 1,188,000 as the price of admission. For financing, a 20 percent downpayment or Php 237,000 leads to 36 monthly installments of Php 33,226. Meanwhile, doubling the downpayment to Php 475,200 reduces the monthly to Php 24,919.  

If you stretch the payment terms to 48 months with a 30 percent downpayment or Php 356,400, the recurring bill comes down to Php 23,398. With a 60-month payment term coupled with a 50 percent downpayment or Php 594,000, you only need to pay Php 14, 319 every month. 

The split-fold second row bench makes loading bigger cargo easier

As always, these are all estimates, exclusive of other costs such as maintenance, fuel, insurance, and registration at the end of the first three years of ownership. Your nearest Hyundai dealer will be able to give you a more accurate computation based on your current budget. 

Find more tips that add up to a great car ownership experience at Philkotse.com.