With the massive surge in popularity for SUVs especially in the compact, small and medium categories, the humble hatchback has seemingly been all but retired. At least by some manufacturers in the Australian marketplace. Along with the body shape has also seemingly gone the manual transmission. For many urban and newly licensed drivers, the hatch has always been the go-to vehicle of choice. For those that are on the hunt for a hot hatch, we cover off on what makes and models of hatches to look for and assistance for buyers in cracking a hot hatch loan at a cheap interest rate.
Driving a manual hot hatch can be a great experience and when it comes to finding parking, especially in urban regions, the smaller size can be an absolute gift! In past times, the manual hatch was a constant in the range of most car makers. That small, lowest price-point vehicle with widespread appeal. But the rise of the SUV and the increasing popularity for auto transmissions has seen manufacturers forego the hatch category.
Sure, many compact SUVs are a worthy option for hatch buyers. But, mmm, not totally. There are plenty of buyers that have a stylish, low cost hatch on their car-buying wish list.
Current Hatch Market
To assist buyers, we’ve scanned the market to bring you a selection of makes and models to check out. Some are even still available with manual transmission! Here’s a general wrap of what to consider and we suggest checking out the manufacturer specs online to see which models are currently available in manual transmission.
While not all of these will meet the ‘hot hatch’ criteria, they may meet your requirements for a small car:-
- Hyundai i30 N
- Ford Focus ST
- Honda Civic Type R
- Hyundai i20 N
- Ford Fiesta
- Citroen C3 Shine
- VW Polo
- MG 3
- Mitsubishi Mirage
- Toyota – Yaris and Corolla
- Kia Picanto
- Mini 3 door Hatch
Price Appeal of the Hatch
One of the greatest and enduring attractions to the hatch is of course the price. While some truly high-performance hot models do edge up into the higher price brackets, these smaller cars are traditionally at the lowest end of the price range. An appealing feature for those that really want a basic transport means without having to pay too much. And of course, a lower price point means lower car loan repayments!
To see what you could possibly be paying on a loan for a hatchback, refer to our Car Loan Calculator for businesses. Input the price of the vehicle, and preferred loan term and instantly see the repayment estimate. Now do the same for another make/model or even for a compact/small SUV and see the difference.
The calculator is an extremely useful resource for car buyers to crystallise their priorities when it comes to purchasing a new car with finance.
Hatch Car Loans
Jade Car Loans provides a full range of loan options for both private and business car finance buyers.
For private hatch buyers, the Secured Car Loan will most likely be the loan for you. When reviewing interest rates, as a consumer loan, you will see both an Interest Rate and a Comparison Rate. The Comparison Rate is the rate calculated for a specific car loan example and includes loan costs. Always refer to the example details when reviewing interest rates and remember that interest rates advertised are always for new vehicles, unless otherwise indicated by the lender.
For business owners looking to purchase a hatchback for use in their operation, you have the choice of a range of finance products:-
- Sole Trader Car Financing
- Vehicle Leasing
- Commercial Hire Purchase
- Novated Car Leasing with Salary Sacrificing
Businesses are always advised to refer to their accountant when deciding on which car finance product will best work for their business. Many of the features refer to accounting measures and practices.
New cars, including hatchback types, are included as eligible assets for temporary full expensing as long as the vehicle is for use in the business and meets the other criteria. For those with their eye on taking advantage of this measure, Chattel Mortgage would be the suitable finance option.
Cracking a Cheap Hatch Loan
Chicken or egg, loan or car, which comes first for those wanting to crack a cheap hatch loan? The decision can be personal preference but with the current stock issues in the motor vehicle market, buyers that arrive at a dealership with their finance already sorted, may be the early birds when it comes to delivery.
Pre-approved loans are available across our loan portfolio. There is no difference in the loan structure, features or interest rate which results from when a loan is secured – before or after purchase.
Currently, our cheap car loan interest rates reflect both our ongoing commitment to better rates and also the historic low official cash rate. Rates do vary across the motor vehicle lending market. By engaging Jade Car Loans to source your loan, you have the advantage of professional and industry-level access to a vast number of banks and lenders. Access which results in the cheapest loan offer to meet your requirements being secured.
So if you’re on the hunt for a hot hatch, a manual hatch or just a convenient hatch as your preferred mode of transport, speak with us to crack that cheap hatch loan.
Contact Jade Car Loans on 1300 000 003 for a car loan on a new hatchback
DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.