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Hyundai Elantra, Hatchback, Sedan
#4094 of 4450 Re: Trade-in Value on 2011 Elantra Limited [drew11m]
Dec 23, 2011 (4:59 pm)
hi drew,i have some info that might be helpful.i have a 2011 elantra gls base model with auto and only 5000 miles on the clock.iam looking to trade up to a 2012 hyundai sonata since my girlfriend is haveing a baby soon and we need the bigger car.recently,my local hyundai dealer down here in north miami florida where i purchased the elantra from last summer offered me $16,500.00 on a trade-in.the elantra is in mint condition and since i paid $17,500.00 for it i think his trade-in offer is pretty good.the elantra down here in south florida is selling like hot-cakes so the dealers are giveing top dollar for trade-in's.
#4095 of 4450 Re: Elantra GLS 2010 - Pricing Analysis - Thoughts? [2010_crv_exl]
Dec 23, 2011 (6:37 pm)
Your numbers look good except that cars depreciate more in the 1st year than any other...I'd offer $11K. $12K would be a good price OTD.
Don't offer what you expect to pay. Go low. Real low.
#4096 of 4450 Re: Elantra GLS 2010 - Pricing Analysis - Thoughts? [dodgeman07]
Dec 23, 2011 (7:01 pm)
It's true that cars depreciate most in their first year, except the past two years have been a time of rising prices for small cars. So I think it's unrealistic to expect to get a 2010 Elantra with under 20k miles for $11k + T&L.
I checked KBB, and it has a private party price on a 2010 GLS with automatic and 20k miles to be just under $13k, in Very Good condition. At retail it's just under $15k (but in Excellent condition). KBB shows 60 2010 Elatra GLSes in my area, but only 3 have under 20k miles. One is $13k, another $14k, and another $15k. For slightly higher miles, around 30k, there's a few cars listed near $12k.
So given this is the end of the year, it might be possible to get a 2010 GLS with less than 20k miles for around $12k + T&L, or one with 30k miles for $11k-11.5k. Depends on how badly they want to make a sale before year-end. You can always offer a low-ball price, e.g. a couple thousand under asking price, and negotiate up.
One thing: Try to get a car built in December 2010 or later. Those have improved side crash protection compared to 2010s made earlier.
#4097 of 4450 Re: Trade-in Value on 2011 Elantra Limited [steven39]
Dec 23, 2011 (8:29 pm)
Is the Sonata that much bigger then the 2011 Elantra? I have a 2011 Elantra as well....I'm surprised you need an upgrade. The Elantra has plenty of room for a baby....
Dec 24, 2011 (10:55 pm)
Got an offer from the dealer in Harrisburg, PA for a 2012 base automatic elantra for 17,430 before taxes and fees. Was wondering if i can get a better deal elsewhere or considering a civic.
#4099 of 4450 Re: Trade-in Value on 2011 Elantra Limited [steven39]
Dec 25, 2011 (5:06 am)
Steven, that helps a lot actually. The VG range of the 11 Elantra Limited with 15K miles is 18200 and the good range is 17600. So I think all things considered its a decent trade value at 17500 if you are getting a 16500 offer for yours. Dealerships are never going to offer full value.
Mine has over 10K more miles. The good thing though, is having a trade-in worth more than the car i want will get me a couple hundred back and saves almost 1000 on taxes.
The dealer that offered me 16000 was one of those typical high-volume pressuring screw the customer out of value dealerships. I told them that price value was ridiculous, and the salesman went to check again and the sales manager was firm, hoping I'd say yes. So I walked out.
So thanks for the input!!
I talk to my dealer on Tuesday, hopefully he is able to get my new Accent SE manual transmission from another city and get it shipped up to my city.
#4100 of 4450 Re: This a good deal? [davinder07]
Dec 25, 2011 (5:10 am)
According to what I looked at on True Car, thats not bad at all for a base GLS with auto. A few hundred more than dealer cost.
Especially if that has some of the options on it like ipod, carpeted floor mats, etc.
Dec 26, 2011 (6:04 pm)
I wouldn't say I got a good deal - probably just average with the way these cars are selling. It's very hard to find a specific model with the options you are looking for.
I paid 21,500 which was about 400 under MSRP after all the factory install options and a spare tire kit.
#4102 of 4450 Re: This a good deal? [davinder07]
Dec 27, 2011 (2:50 pm)
I got an offer of $17,450 for 2012 Elantra 4dr Sdn Auto (Alabama Plant) Silver/Gray CargoNet CarpetFloorMats MudGuards; Expect at year end, I can do better; but that is yet to be determined. Wait until Dec 31 to cut your best deal.
#4103 of 4450 Re: This a good deal? [2010_crv_exl]
Dec 27, 2011 (4:59 pm)
is this for a base gsl model?? sounds like the dealers are giveing better discounts where as a several month's ago they would not move from the msrp.