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Hyundai Offers $1,000 Rebate to Toyota Owners

February 4, 2010

Hyundai ElantraIf you own a Toyota but are willing to consider an alternative Asian-manufactured vehicle, Hyundai is offering an extra $1,000 rebate to Toyota owners willing to make the switch.

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.

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

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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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