2012 Hyundai Veloster Turbo Will Cost $21,950

Hyundai announced pricing for its Veloster Turbo hot hatch today with a starting MSRP of $21,950 with a six-speed manual before a $775 destination fee. With 201 hp, the forced-induction version makes 63 hp more than the naturally-aspirated version.

With a huge jump like that, the power rating is capable of competing with other front-drive cars both in terms of horsepower and price. Volkswagen’s Golf GTI is probably the closest car to the Veloster Turbo on the market today, but starts at $23,995.

By using a twin-scroll turbocharger, the Veloster will be able to use the power boost almost instantly as well. Even though it has almost the same power rating as the GTI, Hyundai’s car is expected to get 38 mpg on the highway compared to the VW’s 31 highway mpg.

The extra $2,000 left in your pocket after buying the Veloster Turbo could slot in nicely to better equip the car, too. Unfortunately, it looks like the turbo version will come with a higher price premium that we originally expected after talking with North American brand CEO, John Krafcik. We previously expected that the car would cost a scant $1,600 more than the base price, but now we know the MSRP sits a solid $4,500 higher than the initial price of entry.

Still, it’s cheaper than the competition, which paired with the company’s infamous fuel economy standards, means that it’s a bargain as long as you can get on board with its unusual styling. You’ll also need to tack on another grand for the six-speed automatic transmission, but we’re willing to bet that most people interested in one will probably be comfortable with a stick.

GALLERY: Hyundai Veloster Turbo