The Hyundai Venue has become a popular choice among compact SUV enthusiasts in Saudi Arabia, thanks to its affordable price, stylish design, and excellent fuel efficiency. This vehicle is particularly appealing to young professionals and small families who want an SUV with all the necessary features at a reasonable cost. In this guide, we will break down the typical costs associated with owning a Hyundai Venue in KSA, covering everything from purchase price and fuel expenses to insurance, maintenance, and more.

Purchase Price and Financing

The new car price of the Hyundai Venue in KSA typically starts around SAR 68,425 for the base model, while higher trims with more features and tech can go up to around SAR 80,000. The base model comes with essential features such as LED headlights, a touchscreen infotainment system, and basic safety features, while the higher trims offer more advanced options like upgraded interiors, enhanced safety tech, and smartphone integration.

Many dealerships in Saudi Arabia offer financing options, with loan terms typically ranging from 3 to 5 years. A 5-year loan with a 20 percent down payment (approximately SAR 13,000 for the base model) results in monthly payments of around SAR 900 to SAR 1,200, depending on the interest rate and trim level chosen.

Fuel Efficiency and Annual Fuel Costs

The Hyundai Venue stands out for its impressive fuel efficiency, which is a key consideration in Saudi Arabia given the long-distance commutes and highway driving many drivers experience. The Venue is equipped with a 1.6L engine that achieves an estimated 7-litres per 100 kilometres.

Assuming an average annual mileage of 20,000 kilometres and a fuel price of SAR 2.33 per litre, the annual fuel cost for the Venue would be approximately SAR 3,260. For drivers who travel longer distances or frequently commute between cities, this cost could increase slightly, though the Venue’s efficiency keeps fuel expenses manageable.

Fuel Cost Breakdown:

• Fuel Consumption: 7-litres/100 km
• Annual Mileage: 20,000 km
• Annual Fuel Cost Estimate: SAR 3,260

Insurance Premiums

Insurance costs are mandatory in Saudi Arabia, and the premiums for a Hyundai Venue will vary depending on the driver’s age, driving history, and type of insurance plan. Comprehensive insurance is often recommended for new cars, as it covers both damage to your vehicle and liability to third parties.

For the Hyundai Venue, annual insurance costs generally range between SAR 1,200 and SAR 2,000. Basic third-party insurance is less expensive but does not cover damages to your vehicle. A no-claims discount can reduce premiums over time, so driving safely and avoiding accidents can help keep your insurance costs lower.

Insurance Cost Estimate:

Comprehensive Insurance: SAR 1,200 - SAR 2,000 annually

Routine Maintenance and Servicing

Regular maintenance is essential to keep your Hyundai Venue in good condition and avoid expensive repairs down the road. Hyundai recommends routine servicing every 10,000 kilometres or every 6 months, which includes oil changes, brake checks, and inspections. Basic service costs for the Venue range from SAR 300 to SAR 500 per service, while more extensive services (like those at the 30,000 and 60,000-km marks) can cost upwards of SAR 1,000 due to additional checks and parts.

On average, annual maintenance costs for the Venue come to around SAR 1,200 to SAR 1,500. Authorized Hyundai service centres in KSA offer service packages, which can be an excellent way to reduce maintenance costs over the life of the vehicle.

Depreciation Considerations

The Hyundai Venue holds its value well in Saudi Arabia’s market, but as with all cars, depreciation is inevitable. The Venue typically depreciates at a rate of 15-20 percent per year. A new Venue purchased for SAR 65,000 may be worth around SAR 50,000 after two years, depending on market conditions, mileage, and condition.

Keeping the vehicle in good condition and sticking to the recommended maintenance schedule can help maintain its resale value. Keeping detailed service records is also beneficial when it comes time to sell.

Additional Costs: Parking, Tolls, and Other Expenses

While not as common as in other regions, parking fees may apply in certain parts of Saudi Arabia. Additionally, toll roads are becoming more common, and frequent highway drivers should expect additional costs here. Fortunately, these costs are usually minimal in the Kingdom.

Cost Summary for Owning a Hyundai Venue in KSA

Here is an estimated breakdown of the annual costs associated with owning a Hyundai Venue in Saudi Arabia:

• Fuel: SAR 3,260
• Insurance: SAR 1,200 - SAR 2,000
• Maintenance: SAR 1,200 - SAR 1,500
• Depreciation: SAR 10,000 - SAR 15,000 per year (estimated)
• Additional Costs: Minimal, varies based on parking/toll road usage
• Total Annual Cost Estimate: SAR 15,000 - SAR 22,000

 Is the Hyundai Venue the Right Choice for You?

The Hyundai Venue offers a great mix of affordability, style, and efficiency, making it an excellent choice for urban commuters, young professionals, and small families in Saudi Arabia. Its compact size makes it easy to navigate city streets, while its interior space and features ensure comfort and convenience. For those looking for a budget-friendly SUV that delivers solid value without sacrificing style, the Hyundai Venue is a fantastic option in the KSA market.

By carefully considering the ownership costs, you will be well-prepared to make the most of this versatile SUV while staying within budget.