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Love the Hyundai haters. Watch in 10 years, Hyundai will be #1. They have great residual value, so makes a great car to lease with their lower MSRP. A new Sonata 2.0 Turbo SE has a 57% residual for 36/15k. The Elantra was over 60% last time I checked.
I'd personally go with a Veloster Turbo. 38MPG and over 200HP. It will be a blast, should be here in a couple months.
Also don't rule out the Dodge Dart when it's available. Earlly reviews are positive.
Last edited by PokerMunkee; 05-21-2012 at 12:31 PM..
Hyundais have solid resale value; this is 2012 and not 1987!!!!
The assertion that in order to get the prevailing resale value for Hyundai requires that you go to a Hyundai dealer doesn't hold water, since the industry never works that way, since ALL auto dealers utilize the same industry sources (and we all know them by heart) for determining resale value.
Trading in a Hyundai on a Honda is no more disadvantageous to you than trading in a Toyota for a Nissan.
Cars from the Detroit 3 are a different story; as has been the case for well over twenty years, their cars have substantially inferior resale value to their Japanese competition because rental car lots are flooded with their products, which demolishes their resale value.
The Detroit 3 sell 25% or more of their cars to rental car fleets according to the Boston Globe, Automotive News and many other media outlets, which is roughly TRIPLE the rate of the Detroit 3.
Data from Edmunds according to the Boston Globe indicates that Toyota fleet sales have never exceeded 15% at anytime in the past 5 years.
For the month of January 2012, GM & Ford sold 28% & 29% respectively of their cars to rental car agencies, as the Globe reported.
How much are you expecting to pay for these..????. Cause you can get a brand new Prius C, pretty similar to the fit for 19-20K and get 40-60 MPG with 2 years of free services and road side assistance.... Just throwing that out there...
I'm throwing in the towel on my 11 Elantra. The first 7k was troublefree. Today I stepped on the gas and my 13 month, 23,500 car let a cloud of blue smoke out the back that looked like a crop duster. I thought I noticed a similar cloud a couple of weeks ago but attributed it to one of the older cars around me. Today my wife was driving right behind me and couldn't believe what she saw coming out of my car.
I've never had any new car that I've owned ever show even a hint of blue smoke before 100k.
I'm not convinced that Hyundai's cars are ready for prime time, but it's interesting that in April 2011, Hyundai-Kia sold more cars in China than Toyota, Honda and Nissan combined:
Because they are cheaper for the most part. China is actually in a economical decline as of late.
If you don't care about resale, Hyundai, otherwise Fit. I own a 2009 Fit sport and love it. If I drive 80, I get about 35 mpg. If I drive 65, I get more. In 3 years, all I had to do was routine maintenance - its about 10k miles between changes. The only downside is that the inside is a bit cheap, as is the paint. Also, it's about 315 miles between a fillup.
Check resale value on Edmonds or look at lease residuals. Also, the Fit was a cd 10 best for a few years.
Because they are cheaper for the most part. China is actually in a economical decline as of late.
That's relative. The govt reduced growth to 7.5% from 8%. The issue in China is that the middle class is growing and they can't all afford expensive rides.
I've owned a Honda Civic and currently own a Hyundai Elantra. I would go with the Elantra for value. I know it depends on the dealership, but the Honda dealerships I've gone to seem to think everyone wants a Honda. They wouldn't even come down to $1000 above sticker price, saying "If you don't buy this car, someone will walk in here in the next couple of hours that will." Hyundai went under sticker price, threw in a few extras, got an interest rate that Honda said was impossible for me to get, etc.
Data from Edmunds according to the Boston Globe indicates that Toyota fleet sales have never exceeded 15% at anytime in the past 5 years.
That is NOT correct. In MY 2010, Toyota has sold 17.1% of its registrations to government, corporate and rental car fleets per R.L. Polk. 20% of all sYaris, 19.4% of all Corollas, and 18.7% of all Camry were sold to fleets.
In MY 2011, Toyota's fleet participation INCREASED to move excess inventory. I have seen the RL Polk data (as I am a subscriber), but I have been unable to find a public source to link to for that information.
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