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Hyundai First to Guarantee "Cash for Clunkers" Vouchers

July 9, 2009

Hyundai Hyundai has really been impressing us with their marketing savvy lately. Every other manufacturer is trying to keep up as they roll out one great incentive offer after another.

They recently added a $1.49 per gallon gas incentive to their Assurance Program. Now they're the first to guarantee the cash for clunkers vouchers.

We reported last week to watch out for cash for clunkers scams where some dealers are falsely guaranteeing the vouchers if you buy now. The program doesn't officially start until July 23, 2009, so we recommended waiting until then.

Now Hyundai is guaranteeing the vouchers and will back dealers who accept a cash-for-clunkers trade-in. This is a smart move because it allows those who have a qualified trade-in to not have to wait until July 23rd. We expect other manufacturers to follow Hyundai's lead and offer the same guarantee in the coming days.

If you've been thinking of buying a Hyundai and you have a cash for clunkers trade-in, now is the time to buy.

My Recommendation for Car Shoppers

TrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.

California Residents - Important:

There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.

- Gregg Fidan

Gregg Fidan

About: Gregg Fidan


Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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