posted 3 years ago

Hyundai ix20 Classic 0% Finance Only £169 Per Month

Hyundai ix20 Classic 0% Finance

The Hyundai ix20 Classic 1.4 is available via a 0% Interest Conditional Sale Plan and its manufacturer's Personal Contract Purchase Plan. Terms for the former – that relate to Hyundai's “representative example” - include the £6,236 deposit that equates to roughly fifty percent of the list price. This is followed by an initial payment of £169, then a further thirty-five monthly instalments of the same amount. There are no interest charges. The total cost of this compact multi purpose vehicle is therefore £12,320 which includes delivery, the registration fee, number plates, and a twelve month tax disc. At the end of the contract the motorist owns the car outright so continues to benefit from its numerous strengths. These include the spacious cabin and the very large (for the class) 440-litre boot. Furthermore, cargo capacity can be increased to 1,486-litres by folding the rear seats flat which is comparable to a small estate car. It also has a respectable equipment specification that includes: air-con, electric windows, remote locking and an electronic stability program to make cornering safer. Not bad considering the ix20 Classic is the entry-level trim. This workhorse is also easy to drive thanks to its light steering, sure-footed handling, and refined 89bhp petrol engine that propels it to 62mph in 12.9 seconds. The ix20 Classic also averages 47.1mpg which is fair considering its low price tag.

Hyundai ix20 Classic 1.4 PCP

And that brings us to the Personal Contract Purchase Plan. Terms include the £2,754 deposit of which the manufacturer contributes £250. There is then the initial monthly payment of £189, followed by a further thirty-five at the same rate. This includes delivery, the registration fee, number plates, and a tax disc. However, unlike the Conditional Sale Plan the motorist has three options at the end of the term. One, pay the £3,973.75 optional final payment to own the Hyundai ix20 Classic 1.4. This totals £13,351.75 including £1,211.75 interest (representative 5.9%). Option two is to return the vehicle. There should be nothing else to pay assuming it is in fair condition and has not exceeded its 10,000 mile annual allowance. Excesses are charged at 14.9 pence per-mile. Option three is to part exchange via a new Personal Contract Purchase Plan. Here, any value above the optional final payment contributes toward the newer vehicle's deposit. Both this Personal Contract Purchase plan and the Conditional Sale Plan are available – until June 30th 2013 - to those over eighteen in the UK (excluding Channel Islands / Isle of Man).