Good deal?: 2005 hyundai elantra $10,000 13,500 miles

[platinumike]

well, ive been asking atot car questions all weekend, finally came up on this car and put down a 200 dollar deposit. It still has 5 yrs/46,000 miles left on the bumper 2 bumper warranty. My first time at a dealership.

 

[Orsorum]

Which dealership?

I bought a 2004 Kia Optima from an Enterprise dealership a month ago and I've been nothing but pleased with it.

 

[platinumike]

ohh it was a hertz

 

[CrackRabbit]

You should be able to find a brand new one for just a bit more than that.
The local dealerships have adds all the time for Elantras for less than $11k.

 

[platinumike]

whatsup crack rabbit. Well I did check autotrader.com just now and about every listing had roughly the same miles but 1500 dollars more.

 

[mwtgg]

Eww, ex-rental car. No thanks.

 

[CrackRabbit]

Originally posted by: platinumike
whatsup crack rabbit. Well I did check autotrader.com just now and about every listing had roughly the same miles but 1500 dollars more.

Check your local newspapers. Every weekend here there is at least one dealership, if not all of them that have a NEW base Elantra (usualy with MT) for $10,200-10,800.

 

[RossMAN]

No.

You can buy a BRAND NEW 2005 Hyundai Elantra GLS for around $11,500

 

[mercanucaribe]

Call me biased but $10k for any used Hyundai seems like a bad idea to me.

 

[suicidalpigeon]

god knows what people do to rental cars...

 

[brxndxn]

Horrible deal...

 

[markgm]

I bought a car that was a rental after my second year of college. I didn;t know it was at the time, but it lasted well. I think it was $3500 for a 95 Chevy Corsica (bought it in '99) with I'm guessing around 80k. It finally died in my brother's hands last month with over 150k on it. 6 years isn't bad for $3500, in my case it came out to $583 a year, or $49.60 a month .

A little over a year ago I got an Accord with the same miles (though about 3x more dough) and I have a feeling this thing is going to last a lot more miles and a few more years than the Chevy did. Heck, I'm only 45k away from 150...

 

[SilentZero]

Not a deal I would have took.

 

[platinumike]

hmmm...well I can always get the deposit back, You guys think i should look elsewhere...huh?

 

[conjur]

Sounds like your interest rate was in the 8.5%-8.9% range. Not the greatest but for a used car, not too bad.


You'll enjoy its gas miserliness.

 

[JEDI]

Originally posted by: RossMAN
No.

You can buy a BRAND NEW 2005 Hyundai Elantra GLS for around $11,500

yeah.. it's a awlful deal.

and a new elantra gets you 10yr/100k miles.

 

[Mermaidman]

Originally posted by: platinumike
financed at $200/month

Don't think in terms of monthly payment. What was the interest rate? (One of the car buying no-nos is telling the dealer how much you want your monthly payment to be.)

 

[RossMAN]

necine,

Sorry I can't reply to PM's (over my PM limit again).

It's called a loss leader ad, search for it.

 

[Mermaidman]

I don't think the full Hyundai warranty is transferred to a second+ owner.

Originally posted by: wafflesandsyrup
god knows what people do to rental cars...

I know you don't want to buy the cars I rent

J/K, the only bad thing I do to rental cars is see how fast they accelerate and how 'well' they corner.

 

[CTrain]

Not a good deal.
Sorry but used Elantra are not worth $10K

 

[necine]

Originally posted by: RossMAN
necine,

Sorry I can't reply to PM's (over my PM limit again).

It's called a loss leader ad, search for it.

Will do... Thanks Ross. I would love to pick up an 05 elantra for 11500. With a price like that I can get a reliable car, for 1000 down and like 200/mo. Seems like a great deal. Thanks.

 

[necine]

So I have to wait until I see the ad in the paper and make sure they only charge me 11,500 for the vehicle?

 

[RossMAN]

Originally posted by: necine
So I have to wait until I see the ad in the paper and make sure they only charge me 11,500 for the vehicle?

Yes and 11500 was only an example.

 

[necine]

Originally posted by: RossMAN

Originally posted by: necine
So I have to wait until I see the ad in the paper and make sure they only charge me 11,500 for the vehicle?

Yes and 11500 was only an example.

Okay... Thanks for the advice... I'm currently saving for the down payment. I'm trying to get 3,000 so it's going to take a few months. I just like being prepared. Thanks!

 

[RossMAN]

Originally posted by: necine

Originally posted by: RossMAN

Originally posted by: necine
So I have to wait until I see the ad in the paper and make sure they only charge me 11,500 for the vehicle?

Yes and 11500 was only an example.

Okay... Thanks for the advice... I'm currently saving for the down payment. I'm trying to get 3,000 so it's going to take a few months. I just like being prepared. Thanks!

That's a good idea.

$7,500 financed at 5% for 42 months (3.5 years) = $195.02 per month