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The Hyundai HB20 2023 Continues to Be One of the Main Choices Among Compact Hatchbacks in Brazil. For Those Who Intend to Finance the Model, Making a Down Payment of R$ 25 Thousand Can Reduce the Amount of the Installments, but the Total Cost of Financing Still Requires Attention to the Interest Rates Applied
The channel Pipoco Investidor made a practical simulation for those considering changing cars and want to better understand the costs involved in financing a 2023 HB20.
The video presents a simple, straightforward calculation based on a spreadsheet that the creator himself makes available on his profile.
The goal was to show how much a person would pay in total if they opted to make a down payment and finance the remaining amount over four years.
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Car Value and Initial Down Payment
The model used in the simulation was a 2023 HB20, valued at R$ 65,000. The interested party would make a down payment of R$ 25,000, meaning the amount to be financed would be R$ 40,000.
From that point, the channel simulated how the financing of an HB20 with this down payment profile would work. The defined term was 48 months, equivalent to four years, with a monthly interest rate of 1.8%.
Fixed Installments and Interest Involved
With this data, the simulation indicated that the installments would be fixed at R$ 1,251 over the four years. The total amount paid at the end of the financing would be R$ 85,075.
Of that amount, R$ 45,075.50 would be interest. This represents about 24% of the total amount disbursed by the buyer.
| Item | Value |
|---|---|
| Car Value (2023 HB20) | R$ 65,000.00 |
| Down Payment | R$ 25,000.00 |
| Financed Amount | R$ 40,000.00 |
| Term | 48 months (4 years) |
| Monthly Interest Rate | 1.8% |
| Installment Amount | R$ 1,251.00 (fixed) |
| Total Paid at the End | R$ 85,075.00 |
| Total Paid in Interest | R$ 45,075.50 |
| Interest Percentage | Approximately 24% |
Comparison with Older Cars
The channel’s host comments that although the interest amount may seem high, he believes that financing a new HB20 can be more advantageous than keeping an old car.
He highlights that older vehicles tend to generate high maintenance costs. According to his analysis, the interest paid annually — about R$ 5,000 per year — can be equivalent to what many people spend on a more used car.
The logic presented is that instead of spending on repairs and maintenance, a person can choose to switch to a newer vehicle and finance the amount in fixed installments.
Variation in Interest Rates
Another important point raised in the simulation is that the 1.8% per month interest rate used in the calculation is just an example. It can vary significantly based on the buyer’s credit profile, score, and the conditions offered by the bank.
This means that for some people, financing an HB20 can be cheaper — or more expensive. Therefore, it is always ideal to compare simulations, seek different financial institutions, and analyze the Total Effective Cost (CET) before finalizing a deal.
Interaction with the Public and New Simulations
The content creator also encourages follower participation. He asks them what they think of the 2023 HB20, whether they consider it a good car, and if they believe this type of financing is worthwhile.
Additionally, if anyone wants to suggest another financing simulation for an HB20 or any other vehicle, he is willing to make a new video with the provided data. To do this, just comment and engage in the videos posted.
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