Hyundai guarantees $1.49 gas for a year if you buy one of their cars

[scheming daemons]

Good deal?

Hyundai Motor America said Tuesday it will launch an incentive program that guarantees the price of gasoline at $1.49 a gallon for a year for U.S. consumers who buy or lease its vehicles by Aug. 31, as the automaker looks to win over customers uncertain about the direction of fuel prices.
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Full story at link:

http://www.cnbc.com/id/31663810

[Obamanaut]

1. This is a gimick that comes around from time to time. Chrysler did

it last June (2008), then Suzuki. GM tried it a couple years before that.

http://www.autoobserver.com/2008/06/chryslers-gas-price-guarantee-now-running-on-fumes.html

edited for spelling

[Oregone]

2. Cept, once you drive the car off the lot it loses $5K+

So enjoy your cheap gas

[Divine Discontent]

3. you're making me want to stick with the Nissan Versa base model

I was gonna consider the cheapest Hyundai, but the Versa rates higher. I need a newer car, and with the cash for clunkers program I can get one of these base models for about 6-7K. I'm better off with the Versa I guess, even with the 1.49 gas which would be great for a year!

[Kalyke]

11. Why don't you buy American?

Nissan's are pieces of crap. Electrical problems out the wazoo.

[Divine Discontent]

13. none of the American cars are cheap enough for what I can afford

I care give for someone that needs air, and I need an automatic - the cheapest with those options I can find are the Nissan and the Hyundai at 12800. I wouldn't be able to afford that, but with Congress' Cash for Clunkers program where I have to have a car that gets 28Mpg to get the full 4500 credit, I can get one to replace the '93 I have, with a new car for about 7K. I can afford those payments. Do you know of an American car that has AC and AUTO for that price? I only find those options in American for around 15K. I can't afford that.

[madville]

14. i would go with a Toyota or Honda myself

If it was a full size truck I would say everything is decent nowadays with the exception of Dodge.

On small cars, Honda, Toyota, or Nissan would be my only options.

I got burnt on a couple of Fords in the 90's, turned me to Nissan, and now I'm a Toyota fan.

In my life I've had three brand new Fords that needed a total of 12 trips to the dealership for warranty work while I owned them. I've also had three used Nissans, two used Toyotas, and a Honda since then that have required a total of zero trips to the mechanic. That's just my experience though, opinions don't mean much around here ;)

[OneTenthofOnePercent]

4. What car doesn't loose $5k the moment you get the keys?

Unless you're talking about cars in awesome demand and long waits (Challenger SRT8, Corvettes, ?) a car always takes a significant hit.

Hundais make pretty decent cars and I wouldn't mind a Tiburon myself.

[Oregone]

5. Private-party used vehicles dont lose a cent, and can often be bought under their "value"

And if you honestly really need the new car smell, it probably comes in a bottle these days. I have never, and will never, buy a new car.

[madville]

7. don't tell to many people, they have to be new cars before they are used

I have always bought used, drove a few years, then sold while they are still in good running order. Just for example, the last three vehicles I have had covered 200,000 miles of driving. With the way I buy and sell it cost me about $8000 worth of value to own those three vehicles over the last 9 years.

Now if I had bought a similar new vehicle in 2000 for $20,000 and put 200,000 miles just it, I would be lucky if it was worth a couple of grand right now.

So I estimate I have cut my vehicle ownership costs in half buying used vs.new. You can also get a used car with more options cheaper than a stripped down new one of similar model.

[ContinentalOp]

9. Can you give some more concrete examples? The numbers have never made sense to me.

You're saying you bought a used car for say $10k, put 60,000 miles on it over 3 years and sold it for $7500? Something like that?

The only personal example I can give is that I bought a new car for $18k and put 140k miles on it over a period of 10 years. So it cost me about 13 cents a mile (excluding taxes, maintenance, etc.)

[Statistical]

8. People have been burned on used cars before.

Buying used is no guarantee of getting a value.

Plus the whole $5K thing is a misnomer.

New Honda Civic 2009 DX Manual
$14,296 invoice
$15,505 retail
$14,720 average (per edmunds)

2009 Honda Civic DX Manual
Used w/ 6000 miles & outstanding condition: $14,296

So they idea that every vehicle instantly loses thousands of dollars in value is not based on facts.
It is just a catchy phrase people say. "Don't buy new you will lose $5,000).

Cars depreciated based on the expected lifespan of the vehicles engine.

When you consider the total cost of a vehicle (purchase price + insurance + maintenance + fuel + repairs) the difference between new & used isn't a big as most people think.

What is more important is KEEP VEHICLES LONGER. People that trade out of their vehicle ever 2-3 years (steepest part of depreciation curve), put no money down, and roll over the negative equity are getting killed slowly.

[OneTenthofOnePercent]

12. I hear ya... Every car I'e ever had

Has been used.

My current ride is a '92 Talon TSI. I picked it up for about $6000 with 35k on the odometer. (mint)
When I get around 80k miles I'll probably get something else. I might keep it as a tuner or sell it.
If I can afford to keep it, I will. Even with minimal wrench time & money, a tsi can be very fast.

[madville]

6. a used car purchased in a private transaction. n/t

n/t

[Imagevision]

10. 2/2009 Naples Florida my gas was $1.62...