Hyundai's all-new i40 estate will cost from £18,395 when it reaches UK showrooms in September.
The entry-level model will be equipped with a 1.6-litre petrol engine and in base Active trim undercuts Ford's entry-level Mondeo estate by £560 and Vauxhall's base Insignia estate by almost £1000.
Other engines in the i40 range include a 111bhp 1.7-litre diesel unit with 113g/km CO2 emissions and class-leading fuel economy of 65.7mpg. This engine costs from £19,395 in Active trim. A 134bhp version of the engine with 119g/km CO2 emissions is available from £20,195.
The other engine in the i40 estate's range is a 2.0-litre petrol unit that's available from £23,795 and is only available in top-spec Premium trim.
Standard equipment includes 16-inch alloys, Bluetooth connectivity, electric windows, an electric parking brake and a leather steering wheel.
Mid-range Style trim adds a touch-screen sat-nav, cruise control, dual-zone climate control and front and rear parking sensors, while top-spec Premium trim adds leather upholstery, a panoramic sunroof, keyless entry and the option of Lane Departure Warning and Smart Parking Assist, heated leather steering wheel and ventilated front seats.
Hyundai is pitching the i40 as an alternative for company car drivers, with a low insurance rating of Group 12E and the lowest BIK cost in class. A saloon mode will follow at the end of the year.