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.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid