Hyundai Elantra at 256/mo vs. Toyota Corolla at 315? (GTR, credit, best)

[TuesdayCramer]

Looking for any advice, we are not at all sure we can afford either car, but could get a new Toyota Corolla for 315 a month and a new Hyunda Elantra for 256 (including gap insurance.) Is it worth it to get the Toyota?
We had a Hyundai Accent that we kept for 7 years, so we envision keeping this Hyundai until it wears out, too.
Incidentally, the rate we got is pretty terrible-- 12.5%, the result of not bad credit, but not much credit history at all.
Thank you!

[Soju]

Originally Posted by TuesdayCramer

Looking for any advice, we are not at all sure we can afford either car, but could get a new Toyota Corolla for 315 a month and a new Hyunda Elantra for 256 (including gap insurance.) Is it worth it to get the Toyota?
We had a Hyundai Accent that we kept for 7 years, so we envision keeping this Hyundai until it wears out, too.
Incidentally, the rate we got is pretty terrible-- 12.5%, the result of not bad credit, but not much credit history at all.
Thank you!

I'll go with Hyundai.I think Hyundai make pretty decent cars now,well priced. Toyotas and Hondas are overpriced, overrated.Some people think these cars never has recalls..lol
Didn't one of the Toyotas just have one?
Did you try online lending sites like eloan.com or lendingtree? Check out edmunds.com

[texdav]

I think if you review the test Hyundai is just not there in quality compared to toyota and Honda. They also have much lower resale values.I have only experience with my wifes accord and now a cambry. I have a ford truc. There is no comparison the honda and toyota are much more reliable. Her accord was as tight and ran as smooth as when it was new 10 years later.It only had maintenance and my ford truck has had several thousand dollars in repairs.They ahve a reputation for a reason with consumer I found.

[yo vanilla]

well i dont want to write a dissertation (i actually have something written already, lol) but as soon as i see people discussing monthly payments only i wonder how they are shopping - via monthly payment only or have you done your homework on purchase price, negotiations, etc?

who gave you those quotes, the dealership or your own credit union?

[shadowfax1997]

I would suggest the hyundai. We have an 05 sonata - no problems no complaints. Best car I have ever owned by a long shot. Brother had an elantra he put over 100K miles, then traded for a tuscon which he loves. My parents have the accent and have over 50K miles on that with only one minor problem.

15 years ago - i would never have even considered hyundai. Today - very good vehicle. Resale might be an issue, but I drive my vehicles into the ground. Before I got the sonata we had a 94 escort with 210K miles.

[flburgos]

not even close,the hyundai has no resale value.the hyundai and the kia are worthless after 4 to 5 years old.buy the corolla you will own it forever.well almost forever.

[chambana]

Ditto for the corolla...While I have never seen a hyundai with 200,000 + miles on the clock, I've owned corolla's with more miles with no problems other then maintenance...Good resale(even with high miles). Hyundai has definitely improved their vehicles...but they do not have the same track record as the corolla's.

[studedude]

Just remember your Hyundai will still be under warranty after 4 years. I have my second one now and have had no problems.

[BLAZER PROPHET]

It depends on how long you want to keep the car. The Hyundai is a throw away car. When it hits 90,000 it's nearing the end of it's reasonable life. The Corolla (we've had 4) is good for 250,000 (that's when we sell ours). If you wanta car for 3 or 4 years and want to save money, get the hyundai- then go buy another car. If you want a car for 12 years, get the toyota.

[Linkin2100]

Check out and see what a Honda or Toyota with 100K miles on it goes for and then compare to the competition and you will see ! Honda and Toyota have higher resale value ! It's a no brainer ! Please don't be cheap and do the smart thing and buy a toyota or a honda ! They are known quality ! When has Hyundai been #1 car of the year? Or had the #1 engine of the year ? Or has the resale value that toyota and honda have !!! Seriously don't waste your money on american cars, or a hyundai !