Illinois Hyundai Car Dealers

I agree with the others. This is a case of the dealer smelling a softie and lowballing the trade. https://www.alg.com/ResidualValueAwards is where you can see plain as day about the Elantra. Of course, that is for the 2011 model. For 2010 a different car was tops in the compact class. I went to nadaguides.com and plugged in an 18K miles 2010 Elantra GLS and my zip code. After adding nav & sunroof rough trade-in was $12,925, average was $14,050, and clean was $14,950. Clean retail was $17,875. KBB is lower than NADA but still well above a flat $9K. Out of curiosity, she's got a car that's only one model year old and has average-to-below-average mileage. Why would she want to get rid of it already?

I just did a 36 month, 15K lease in San Diego, California on April 12. MF was .00076 and residual was 64% for an automatic (was told it would have been 66% for manual transmission). Did they change the numbers mid-month? Barry

Hi hanesj75. Hyundai Finance's April buy rate lease money factor and residual value for a 36 month lease of a 2011 Elantra Limited with 15,000 miles per year are .00115 and 63%, respectively for consumers who qualify for its top credit tier. I believe that your assumption about the money that is due at lease signing is correct. Car_man Host Prices Paid: Buying & Leasing Experiences Forum

Gerald Hyundai, North Aurora IL. Test drove a Sonata 2.4 LTD, no NAV. I had a quote from another dealer via email for $22,589, before TTL. Salesman & manager at Gartner said they would meet it. REPEATEDLY said they would meet it. Called the next day to say I was ready to put money down, & just before I left for the dealership the salesperson calls me and said they couldn't do it. He said the red (which I had indicated i wanted) now commanded a $600 premium. So (on the phone) I said I'd take the blue I had test driven. He said he'd need to talk to the manager & would call me back. When he did, he said they couldn't meet my price, that there was too much of an inventory crunch. How there was such a dramatic change between Friday & Saturday I have no idea. Called the other dealership, gave them a $500 charge (refundable) & they said they will locate the car I want for the price they gave me. I sure hope so, & will post what happens. I wanted to go with Gartner because they include a lifetime powertrain warranty, which was a nice plus. But to assure me of a price & then back out is tacky. I will admit they never actually wrote the price down for me, but they did retain a copy of the email i had from the other dealer & insisted it was no problem to meet that price.

True that. I just looked up my ride. It's 16 months old & has 15K miles. KBB's suggested retail price is about equal to my negotiated original purchase price. Private party is a couple thousand less than that and trade-in is three thou less than private party. So worst case my car has lost around $5K or about 15% in more than a year. Call it 33 cents/mile. And it's an "oh-my-gawd-depreciation-is-horrendous" Mitsubishi. My wife's '01 Elantra is coming in with private party sale price of around $3500. We bought it new for about $14K. So it has lost a lot of value, but then again it is 10 years old and we could not honestly rate it in Excellent condition as it has had to endure numerous door dings.