Hi John, love your show on Radio 2UE in Sydney and your segments with Tim Webster. I'm in the market for a new car and don't have a lot of money, I saw you have a car broker that could help me. Two things - Could you give me the broker's contact details and would you recommend a Hyundai i20 or a Kia Rio ... or spend a little bit more and get a Hyundai 30? Regards, Jillian
Hi Jillian, Thank you for listening on Radio 2UE. Glad you enjoy the show. The Hyundai i20 and Kia Rio share the same engineering fundamentals because Hyundai and Kia are the same company. So: same engines, transmissions, major components, electronics, etc. This helps Hyundai-Kia defray R&D costs.
Both companies have made massive gains in quality and refinement recently, and the brands compete fiercely in Australia. I don't know why/how but Kia always seems to offer slightly better value for money. Both have a five-year/unlimited kilometre warranty.
Of the two, the Rio really is the better bet. Both the i20 and the Rio come with either a 1.4 or a 1.6-litre engine. The 1.4 is way too gutless. Go for the 1.6. (And the automatic on the 1.4 is only a four-speed, while the 1.6's auto is a six-speed, which makes the 1.6 just so much better to drive than the 1.4.
If you step up to an i30, you should also consider the Kia Cerato (again, fundamentally the same car). In the battle of i20 versus Cerato I think it's too close to call. See which one you prefer.
Obviously, cars like the Hyundai i30 and Kia Cerato are much nicer than the Hyundai i20 and Kia Rio.
What I'd like you to do is go to a Hyundai dealer and a Kia dealer. Check out all four cars. Decide which one you prefer. Get a quote from the dealer (but don't put down a deposit). At that point I'll get you in touch with David or Ben from the brokerage, and they'll get back to you with their best price, within 24 hours. Then you can see how it stacks up against the quote you've already got. (Make sure the quote is the driveaway price - that is, inclusive of all on-road costs.)
Also, check out my video on how to beat a car dealer here.
You might also be interested in this video on how affordable cheap cars actually are. (A very well equipped Hyundai i30/Kia Cerato costing about $25k all up will cost you about $16 a day all up to own, fully financed, and be completely paid off in three years.)