Hyundai Cuts Back on Some Incentives
Because of Hyundai's success this year, the company is cutting back on promotions, such as cash-back incentives.
The 2011 Hyundai Accent gets only a $500 cash-back incentive, compared with $2,500 cash back on Chevrolet's Aveo. The Hyundai Sonata has no cash back and a 2.9% financing deal for 60 months.
Overall, the usually generous Korean automakers are now pretty much in line with tightfisted Honda.
But Hyundai is offering some good leasing deals: The 2011 Sonata and the 2011 Elantra Touring both get a $199-per-month lease promotion for November.
For detailed information, continue reading below.
- 2010 Accent: $1,000 cash back and 3.9% financing for 60 months, or $1,000 and 0% financing for 72 with Hyundai Motors Financial
- 2010 Sonata: $2,500 cash back and 3.9% financing for 60 months
- 2010 Elantra: $1,500 cash back and 3.9% financing for 60 months, or $1,000 and 0% financing for 72 with Hyundai Motors Financial
- 2010/2011 Santa Fe: $1,000 and 3.9% financing for 60 months. Additional $500 cash back for financing with Hyundai Motors Financial
- 2010 Azera: $500 cash back and/or $1,500 loyalty cash back
- 2010 Veracruz: $1,500 cash back and 0.9% financing for 60 months.
- 2011 Sonata (2.4-liter GLS with automatic transmission): $199 for 36 months with $2,399 due at signing
- 2011 Elantra Touring (GLS with automatic transmission): $199 for 24 months or 36 months with $1,999 due at signing
- 2011 Tucson (GLS with automatic transmission): $259 for 36 months with $2,499 due at signing
- 2011 Veracruz (GLS): $359 for 36 months with $2,599 due at signing
- 2011 Genesis sedan (3.8-liter V-6): $399 for 36 months with $2,698 due at signing
My Recommendation for Car ShoppersTrueCar, Edmunds, 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.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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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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