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$236 per week · 5 yrs at 11.09%
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Your budget puts you into some good EVs with decent range including the BYD Seal, Cupra Born, Hyundai Ioniq 5, Polestar 2 (just outside your budget), Tesla Model 3 and others.
Resale value is the big unknown at the moment with many used-car buyers wary of the potential costs of replacing the EV battery sometime in the future.
The future-proofing thing is debatable, too, and experts reckon EV technology is still in its infancy and has a long way to go. If that’s the case, then today’s EVs might seem like Model T Fords in the near future. It all remains to be seen and rests partly on the willingness of the Australian government to get serious about the EV infrastructure necessary for the tech to become viable for more people.
The Cupra Formentor is produced by Spanish automaker Cupra, the premium wing of Spanish automaker Seat. Both companies are owned by Volkswagen Group, with production of the Formentor taking place in Catalonia, Spain.
The Cupra Born is produced by Spanish automaker Cupra, the premium wing of Spanish automaker Seat. Both companies are owned by Volkswagen Group, with the Born being produced at VW's factory in Zwickau, Germany.
Disclaimer: You acknowledge and agree that all answers are provided as a general guide only and should not be relied upon as bespoke advice. CarsGuide is not liable for the accuracy of any information provided in the answers.
View all Cupra FAQsCupra began in 2018 as a standalone performance brand spun off from Spanish carmaker SEAT. Its name comes from “Cup Racing” and reflects the brand’s motorsport roots. Originally SEAT’s performance arm, Cupra now focuses on sporty design and electric innovation with a European edge.
The first model was the Cupra Ateca, a high-performance SUV. It was followed by the Leon hatch and Formentor coupe-SUV, both sharing VW Group tech. Cupra also launched its first dedicated EV, the Born, based on the same platform as the Volkswagen ID.3. Each model blends sharp styling with solid driving dynamics.
Cupra arrived in Australia in 2022 with a focus on younger buyers. The brand is still small here but growing thanks to bold looks and competitive pricing. As the EV market picks up, Cupra’s mix of petrol and electric options puts it in a good spot to challenge more established rivals.
* Price is based on the Manufacturer's Suggested Retail Price for the lowest priced variant. The Price excludes costs such as stamp duty, other government charges and options. Disclaimer: Glass's Information Services (GIS) and CarsGuide Autotrader Media Solutions Pty Ltd. (CarsGuide) provide this information based on data from a range of sources including third parties. Whilst all care has been taken to ensure its accuracy and reliability, GIS and CarsGuide do not warrant or represent that the information is accurate, reliable, complete, current or suitable for any particular purpose. You should not use or rely upon this information without conducting an independent assessment and valuation of the vehicle. To the maximum extent permitted by law, GIS and CarsGuide exclude all liability for any direct, indirect, special or incidental loss, damage, expense or injury resulting from, arising out of, or in connection with your use of or reliance upon this information.
** Warranty information shown is based on manufacturer data supplied by Glass's Information Services or the manufacturer directly, and reflects the manufacturer warranty offered at the time of publication. Warranty terms vary by model, variant and time of purchase, and may be subject to service conditions and exclusions that can change without notice. Where a warranty is expressed as both a period of time and a kilometre limit, cover ends at whichever of those limits is reached first. Where a warranty is shown as "up to", the maximum term applies to selected models only and may be subject to additional conditions. Extended warranty cover may be conditional on servicing at an authorised dealer. For used vehicles, remaining manufacturer warranty depends on the vehicle's build date, service history and previous ownership. Nothing in this warranty information limits or excludes any rights or guarantees you have under the Australian Consumer Law, which apply in addition to any manufacturer warranty. CarsGuide does not warrant the accuracy or currency of the warranty information. Confirm current warranty terms with the manufacturer or an authorised dealer before purchase.
*** Disclaimer: The repayment calculator is merely a model for illustrative purposes only and does not represent an agreement by any lender to provide credit. The default interest rate included is an indicative rate and does not represent an offer by any lender to provide finance at this repayment rate. The default loan term is an average loan term of 5 years. The default interest rate and default loan term can be changed in order to allow you to model alternative repayment outcomes. The calculator does not factor in fees and charges that a lender may levy. CarsGuide Autotrader Media Solutions Pty Ltd, trading as carsguide.com.au, and their affiliated companies (carsguide) do not make any representation or warranty, whether express or implied, as to the calculator or calculations and accepts no liability in relation to the same. CarsGuide does not hold an Australian Credit Licence and does not provide financial or credit services of any kind. You should obtain independent financial advice before obtaining finance. CarsGuide may let the dealer know that you have used this repayment calculator as an indication that you are interested in obtaining finance.
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