Hyundai Offers $1,000 Rebate to Toyota Owners

The discount is only available on the Hyundai Elantra, Elantra Touring and the Sonata, and the automaker says it comes in response to incentives offered by both Ford and General Motors in the wake of a massive recall of many Toyota-made vehicles.

What would sweeten the pot for many drivers considering a new vehicle is the fact that Hyundai already offers best in class pricing on most of its vehicles, including the Elantras and the Sonata. Perhaps more significantly, the discount for Toyota owners would stack on top of $1,500 cash back for the 2010 Elantra, $1,000 for the touring model, and $3,500 on the 2010 Sonata. To be eligible you would need to turn in a Toyota model, however it doesn't have to be in the same class as the car you plan on purchasing. For example a Toyota RAV4 crossover could be turned in for a Sonata sedan.