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A certified used Hyundai sells for more than the equivalent Toyota?
Topic Started: Oct 9 2013, 08:00 PM (310 Views)
Luke's Dad
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Emperor Pengin
So we're car shopping, and one dealer has a number of certified 2011-2012 Toyota Camrys selling for between 13-14k. The same dealer group has a Hyundai Dealership, and their certified Sonatas from the same years with similar mileage are selling for 15k-16k?

Did I miss something? Has Hyundai surpassed Toyota and Honda in terms of customer demand on the used market? Is Hyundai now perceived as the higher level car? WTH?

I've been a big fan of Hyundai, but this like seeing somebody trying to sell a three year old Kohler Millenium 5'9" for $2k more than a three year old C2. Makes no sense to me.
The problem with having an open mind is that people keep trying to put things in it.
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Mark
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HOLY CARP!!!
Doesn't surprise me.
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Kincaid
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HOLY CARP!!!
I guess because Toyota has been hit with several high profile recall issues and their reliability surveys have also slipped. Also, Camry is I think the #1 selling car, so I would guess used ones kind of glut the market, compared to the Sonata. Finally, Hyundais seem to be up-optioned a bit better because they can afford to be, so might be seen as the greater value.
Kincaid - disgusted Republican Partisan since 2006.
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jon-nyc
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What Kincaid said.
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Klaus
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HOLY CARP!!!
Over here the prices for used Hyundais are pretty high because they give a 7 year warranty: Any unexpected repair within the first 7 year and 150,000km will be covered by Hyundai. The warranty of most other vendors is only two or three years.
Trifonov Fleisher Klaus Sokolov Zimmerman
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Axtremus
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HOLY CARP!!!
Luke's Dad
Oct 9 2013, 08:00 PM
So we're car shopping, and one dealer has a number of certified 2011-2012 Toyota Camrys selling for between 13-14k. The same dealer group has a Hyundai Dealership, and their certified Sonatas from the same years with similar mileage are selling for 15k-16k?

Did I miss something? ...
Check different dealer groups to see if this is an isolated incident or a trend.
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Jolly
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Geaux Tigers!
Don't forget styling.
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Lisa
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I believe Klaus is correct - the Hyundai warranty is much longer than Toyota's/Honda's. I thought it was 10 years, actually. And I guess it must be transferable, if the used cars are selling for such a premium.

eta- I was curious so I googled. Looks like you can't transfer the whole 10 years, but second owners do get a 5 yr 60K mile bumper to bumper coverage. That's better than Honda/Toyota gives their first owners, so I am not surprised that their used cars sell for more.

"Let’s just take a second to note that Hyundai’s 10-year/100,000-mile warranty is for powertrain coverage – meaning the engine, transmission and related components. A powertrain warranty is different than your basic bumper-to-bumper warranty.

That said, Hyundai’s 100,000-mile powertrain warranty is non-transferable to used-car owners; it’s only applicable to the original owner. Bummer, right? Once the car leaves the original purchaser, the second and subsequent owners have a five-year/60,000-mile — from the manufacturing date — warranty.

Hyundai’s bumper-to-bumper coverage is transferable when the car swaps owners. It’s good for five years/60,000 miles. "

source: http://ask.cars.com/2008/04/hyundai-warrant.html
Edited by Lisa, Oct 10 2013, 09:42 AM.
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Mikhailoh
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They are so much better looking than a Camry (and I have a Camry) that it is not funny. Hyundai and Kia are both hitting styling home runs these past couple years.
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Luke's Dad
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Lisa
Oct 10 2013, 09:39 AM
I believe Klaus is correct - the Hyundai warranty is much longer than Toyota's/Honda's. I thought it was 10 years, actually. And I guess it must be transferable, if the used cars are selling for such a premium.

eta- I was curious so I googled. Looks like you can't transfer the whole 10 years, but second owners do get a 5 yr 60K mile bumper to bumper coverage. That's better than Honda/Toyota gives their first owners, so I am not surprised that their used cars sell for more.

"Let’s just take a second to note that Hyundai’s 10-year/100,000-mile warranty is for powertrain coverage – meaning the engine, transmission and related components. A powertrain warranty is different than your basic bumper-to-bumper warranty.

That said, Hyundai’s 100,000-mile powertrain warranty is non-transferable to used-car owners; it’s only applicable to the original owner. Bummer, right? Once the car leaves the original purchaser, the second and subsequent owners have a five-year/60,000-mile — from the manufacturing date — warranty.

Hyundai’s bumper-to-bumper coverage is transferable when the car swaps owners. It’s good for five years/60,000 miles. "

source: http://ask.cars.com/2008/04/hyundai-warrant.html
I'm looking at the certified pre-owned options. Under Hyundai's program, the 100,000 mile powertrain warranty is transferable (only on CPO vehicles).

What's interesting is the Toyota CPO Warranty. Not only do you get the remainder of the original bumper to bumper warranty, they bump on an additional 12 months/12,000 miles. Even more interesting is that they also give you a 7 year, 100,000 Powertrain Warranty, while they only offer a new powertrain warranty of 60 months, 60,000 miles. So if you bought a one year old Toyota Certified Pre-Owned with under 20k miles on it, you will actually get a better factory warranty than a new Toyota carries.
The problem with having an open mind is that people keep trying to put things in it.
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Luke's Dad
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Absolutely agree, but if everything else is equal, I'm still going to tend towards the Toyota. We took a look at some CPO Chevys, too. While the CPO warranty is pretty excellent, I wasn't wowed by the car. It would take a 20% difference in price between the two for me to seriously consider the Chevy, but there was less than a 10% price difference.

We're going to check out the Ford Fusion next.
The problem with having an open mind is that people keep trying to put things in it.
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jon-nyc
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I've rented Fusions on two occasions and have been pleasantly surprised. I usually a not a fan of American cars. I have no idea about value or reliability though.

I'm also a big fan of Camrys.
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Kincaid
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HOLY CARP!!!
I'd steer clear of a Chevy unless Consumer Reports said the specific model you were looking at had a good reliability record.
Kincaid - disgusted Republican Partisan since 2006.
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Steve Miller
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These expensive Hyundais and cheap Toyotas- are they at Hyundai dealers, perchance?
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Luke's Dad
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The cheap Toyotas are at a Toyota dealership. The expensive Hyundais are at a Hyundai dealership.
The problem with having an open mind is that people keep trying to put things in it.
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