Best Deals?
What is the best time to buy? For instances, if I want a 2003
Accent, will they be significantly discounted when the 2004's show up on the lots? Gary |
Re: Best Deals?
In article <3F32D780.D1ACF11F@capecod.net>, gareth <gareth@capecod.net>
wrote: > What is the best time to buy? For instances, if I want a 2003 > Accent, will they be significantly discounted when the 2004's show > up on the lots? Given that Hyundai is selling cars right around invoice right now, with $1500 or even more cash back rebates, I am dubious that you will save a lot more money by trying to time your purchase. I believe that in any case the end-of-year discounts (usually dealer incentives) are more a domestic automaker practice. -- Jerry Kindall, Seattle, WA <http://www.jerrykindall.com/> 2003 Chianti Red Elantra GT When replying by e-mail, use plain text ONLY to make sure I read it. Due to spam and viruses, I filter all mail with HTML or attachments. |
Re: Best Deals?
>> Given that Hyundai is selling cars right around invoice right now, with $1500 or even more cash back rebates, I am dubious that you will save a lot more money by trying to time your purchase. >> Hyundai's overall strategy is different than the more established brands. Your leverage is limited by: 1) the dealer's invoice, 2) the dealer's "holdback" (about 2.5 percent on Hyundais; up to 5 percent on competitive makes), and 3) rebates. If the dealer made absolutely no money on the deal, he *could* sell you the car for ( 0.975 * invoice - rebates ) . |
Re: Best Deals?
In article <3F330C69.38F1DBD1@capecod.net>, gareth <gareth@capecod.net>
wrote: > Jerry Kindall wrote: > > > > In article <3F32D780.D1ACF11F@capecod.net>, gareth <gareth@capecod.net> > > wrote: > > > > > What is the best time to buy? For instances, if I want a 2003 > > > Accent, will they be significantly discounted when the 2004's show > > > up on the lots? > > > > Given that Hyundai is selling cars right around invoice right now, with > > $1500 or even more cash back rebates, I am dubious that you will save a > > lot more money by trying to time your purchase. I believe that in any > > case the end-of-year discounts (usually dealer incentives) are more a > > domestic automaker practice. > > Yeah ... my local dealer is offering 1000 dollar discount OR a 1.9 > apr. Seems I remember better deals last Feb on the left over 2002's Last January, when I bought my GT, the dealer I bought it from had about three 2002 models. They were a bit cheaper but only because Hyundai increased the sticker for 2003 -- there was no special price break on the older models. Most automakers have at least one mid-year price increase. They have already increased the price of the 2003s by a couple hundred bucks this year and could do so again before the 2004s arrive. So even if you get a couple hundred bucks off, you might still be paying what you would have paid if you bought now. So I'd still say buy now if you want a 2003. Or if you want to wait and see what they offer for 2004 (variable valve timing on the engine, for one -- might be worth it if you can wait), then do that. -- Jerry Kindall, Seattle, WA <http://www.jerrykindall.com/> 2003 Chianti Red Elantra GT When replying by e-mail, use plain text ONLY to make sure I read it. Due to spam and viruses, I filter all mail with HTML or attachments. |
Re: Best Deals?
Jerry Kindall wrote:
> > In article <3F330C69.38F1DBD1@capecod.net>, gareth <gareth@capecod.net> > wrote: > > > Jerry Kindall wrote: > > > > > > In article <3F32D780.D1ACF11F@capecod.net>, gareth <gareth@capecod.net> > > > wrote: > > > > > > > What is the best time to buy? For instances, if I want a 2003 > > > > Accent, will they be significantly discounted when the 2004's show > > > > up on the lots? > > > > > > Given that Hyundai is selling cars right around invoice right now, with > > > $1500 or even more cash back rebates, I am dubious that you will save a > > > lot more money by trying to time your purchase. I believe that in any > > > case the end-of-year discounts (usually dealer incentives) are more a > > > domestic automaker practice. > > > > Yeah ... my local dealer is offering 1000 dollar discount OR a 1.9 > > apr. Seems I remember better deals last Feb on the left over 2002's > > Last January, when I bought my GT, the dealer I bought it from had > about three 2002 models. They were a bit cheaper but only because > Hyundai increased the sticker for 2003 -- there was no special price > break on the older models. > > Most automakers have at least one mid-year price increase. They have > already increased the price of the 2003s by a couple hundred bucks this > year and could do so again before the 2004s arrive. So even if you get > a couple hundred bucks off, you might still be paying what you would > have paid if you bought now. > > So I'd still say buy now if you want a 2003. Or if you want to wait > and see what they offer for 2004 (variable valve timing on the engine, > for one -- might be worth it if you can wait), then do that. > > -- > Jerry Kindall, Seattle, WA <http://www.jerrykindall.com/> Thanks Jerry - What is variable valve timing and what is its advantage? Gary |
Re: Best Deals?
In article <3F359D12.75FA4920@capecod.net>, gareth <gareth@capecod.net>
wrote: > Thanks Jerry - What is variable valve timing and what is its > advantage? Basically, they manipulate the timing of the intake and/or exhaust valves, depending on conditions. There is no single timing that is best for all conditions, so engines with fixed timing are a compromise of sorts. The result of variable valve timing is better fuel economy and/or more power, depending on how the system is tuned. I imagine they are going for the "more MPG" tuning on the Elantra, but I happen to think a little extra low-end torque wouldn't hurt. Variable valve timing is one of the reasons a gas-powered 2003 Civic gets 38 MPG highway while a gas-powered 2003 Elantra gets 33 MPG hwy. There are other reasons, of course. For one, the Civic's engine has a smaller displacement and generates less power. But the variable valve timing is probably responsible for at least 3 MPG of that. Hyundai's variable valve timing system is already on Elantras currently being sold in Korea and I believe it is slated to appear on the 2004 models here in the US. -- Jerry Kindall, Seattle, WA <http://www.jerrykindall.com/> 2003 Chianti Red Elantra GT When replying by e-mail, use plain text ONLY to make sure I read it. Due to spam and viruses, I filter all mail with HTML or attachments. |
Re: Best Deals?
On Sun, 10 Aug 2003 01:17:04 GMT, gareth <gareth@capecod.net> wrote:
> <snip> > ... What is variable valve timing and what is its >advantage? > > Gary >======================== If you want more VTEC information (with pictures), go to: <http://auto.howstuffworks.com/question229.htm> S271 |
Re: Best Deals?
seahorse271 wrote:
> > On Sun, 10 Aug 2003 01:17:04 GMT, gareth <gareth@capecod.net> wrote: > > > <snip> > > ... What is variable valve timing and what is its > >advantage? > > > > Gary > >======================== > > If you want more VTEC information (with pictures), go to: > <http://auto.howstuffworks.com/question229.htm> > > S271 Thank you Jerry for the great explanation and thank you seahorse271 for the wonderful link !!! Gary |
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