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Hyundai Elantra, Hatchback, Sedan
#4172 of 4451 Buying a used 2011?
Feb 15, 2012 (2:38 pm)
I've been doing quite a bit of research into buying a certified used 2011 Hyundai Elantra in the Missouri/Illinois/Iowa area. I've been doing quite a bit of reading on here as well as on other websites.
I am trying to determine why a 2011, 20k miles GLS is being posted at almost retail value (between 17-19k). I've got financing in line where I can afford roughly 15.5 pre-TTL. Looking for recommendations on where to start the bidding, yes I've read the articles, and how to approach the situation as a whole. I was contemplating an offer of 14.5 to start. Going to go look at one in two weeks and see if it's truly the vehicle I am looking for.
Anybody recently bought a 2011 used Elantra? What did you pay, how did you go about the negotiations? Anything would be useful.
Thanks in advance.
#4173 of 4451 Re: Buying a used 2011? [nzier]
Feb 15, 2012 (4:16 pm)
Prices are a bit crazy right now.
My local dealer is selling a 15K mileage GLS for 18,900. Certified i believe,
They are offering me 17500 for my 11 Limited (no nav) as a trade in on a new Accent SE. It has 17000 miles on it, so its not bad of an offer, but they will turn around and sell it for 19000.
Basically the Elantra is hot right now, used car values are higher across the board. It's almost cheaper to buy new. Dont think they are really eager to cut deals either,
I'd take a look at the Accent. Only 5ftlbs torque difference and 10hp between that and the Elantra. And you can get a nice GLS new for 15-16K.
#4174 of 4451 Re: Buying a used 2011? [nzier]
Feb 15, 2012 (5:40 pm)
right now the hyundai elantra is a hot car and in much demand.the fact that it just won the 2012 car of the year doesn't hurt either.even used elantra's such as the one you were referring to go for top dollar regardless of mialage.just as a example here of the great resale value that this car has.i have a 2012 hyundai elantra gls base model that i purchased in august 2011.i have about 4500 miles on the car.my selling hyundai dealer who sold me the car recently told me that they would give me what i paid for the car which was full msrp.$18,500.00 towards a new sonata that i was inquiring about.shows you how much in demand that the elantra is.
#4175 of 4451 Re: Buying a used 2011? [nzier]
Feb 15, 2012 (6:15 pm)
I know you didn't ask, but if you find the prices on the 2011 Elantra intolerable you might try the 2010 (not as slick as the 2011 but still a very nice car) or a 2010 Sentra. I think you have a much better shot at $14k with one of those.
#4176 of 4451 Re: Buying a used 2011? [nzier]
Feb 15, 2012 (8:04 pm)
I suppose the prices are crazy. I guess I could just wait a couple more months and buy a new one. I'll probably still test drive the one I've been looking at and throw in an offer.
I've thought about looking into other model years but friends who have worked in the industry state that having the more up to date style is often important in future resale/trade-in value.
Thanks for the responses, guess I'll give it a go and see if I can get anybody to move on the price.
#4177 of 4451 Re: Buying a used 2011? [nzier]
Feb 16, 2012 (11:48 am)
Check the warranty on the used vs the new Elantra. IIRC only the new carries the 10 year, 100K mile powertrain warranty. I don't think that applies to the second owner. The base 5 year, 60K mile B-B warranty (or remainder) should carry over to a second owner on a used Hyundai.
#4178 of 4451 Re: Buying a used 2011? [nzier]
Feb 16, 2012 (5:27 pm)
I would seriously take a look at the Accent. Great little car and in your price range. Like a slightly smaller elantra
#4179 of 4451 Re: Buying a used 2011? [drew11m]
Feb 16, 2012 (7:19 pm)
iam a bit curius here.why would you want to downgrade from a elantra to a accent??..your supposed to go forwards not backwards.
#4180 of 4451 Re: Buying a used 2011? [steven39]
Feb 17, 2012 (4:14 pm)
I don't consider it a downgrade at all.
For me the accent SE hatch is a better looking car than the elantra. And new, costs 2-3k less.
I'd rather pay less for a slightly smaller car that has only 10hp and 5lbft torque less engine but is several hundred pounds lighter.
In the GLS trim it has the same features, just no nav option
Given the high cost of new and used Elantras at the moment, seemed like a decent option for the original poster.
I have an 11 elantra limited which I'm trading for the Accent SE. Getting better gas mileage, a new car, a stick shift, and around 800 cash back is an upgrade IMO. I didn't love my Elantra.
But if the OP is set on a new series Elantra, the budget will be an issue.
#4181 of 4451 Re: Buying a used 2011? [drew11m]
Feb 24, 2012 (7:08 pm)
just got a 2012 limited for 20,000 +tt. MSRP 21,500 Philadelphia area. Probably could've done better as others posted lower prices paid but it seems like a lot of people are willing to pay even more. This site has been very helpful. Thanks!