Hyundai Offering Discounts to VW Owners
If you're one of the VW owners affected by the diesel scandal, here's something you should know: Hyundai is introducing a friends-and-family program for Volkswagen owners and lessees affected by the scandal. The program offers potentially thousands of dollars off a new Hyundai.
The program offers a flat discount plus additional incentives. To qualify, a VW owner must have bought or leased their VW or Audi A3 before Sept. 18, 2015, and show their official settlement letter.
The overall incentive is worth about $1,200 to $2,000 depending on which vehicle you buy. Cars.com has more details on the offer, with an example deal that goes over the calculation to determine how you figure out the exact incentive.
Before jumping on these deals however, I recommend waiting to see what other manufacturers offer, and see what VW offers these owners. There are over 400,000 VW owners affected by this, and they will need to buy a new car, so everyone is chomping at the bits to get this market share.
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