Automotive

Advice on buying a used hyundai car

  • Last Updated:
  • Aug 10th, 2018 4:31 pm
Sr. Member
May 2, 2014
527 posts
226 upvotes

Advice on buying a used hyundai car

Hello, I am in the market for a used car, specifically, the 2018 Elantra GT GL – the base model. Due to the recent release of this model, most used cars of this model have less than 40,000 KM.

I have visited autotrader, kijiji, and Hyundai’s pre-owned website to compile a spreadsheet of advertised costs and their associated kilometres. I plan to use this spreadsheet as a guide for negotiating the price. For example, if my spreadsheets reveals that the specific model goes for around $18,500 at 40,000 kilometres, I will make an OTR offer to the salesman in the amount of $21,000. This $21,000 figure only takes into account the 13% sales tax. I plan to pay in cash. I wont be doing any trading in either. I intend to purchase the used car at a Hyundai dealership in southern ontario.

So my first question is:

1. How much should I raise my offer to factor in the DOC fee, or if the car has gone through the “pre-certified” process? Am I missing any other fees? I want to come in with a reasonable final after-tax offer and I am currently not sure if a reasonable offer is just the average advertised price + 13% sales tax.

2. Is this a good strat and do you have any tips you can share with me?
14 replies
Deal Fanatic
Dec 24, 2005
5853 posts
1695 upvotes
this is such a good car. we have a 2015 Elantra GT GL and it has been very good to us.

for what it's worth - the auto GL SE currently has a 2000 cash rebate.
rather than a used car with 40k km....i'd go to a dealer and offer them 23000 otr.

to answer your questions dont worry about the fees. who cars if the doc fee is 200 or 500. worry about the otr price

if you would like the info of a hyundai sales person who i trust let me know.
Last edited by milolai on Aug 10th, 2018 10:52 am, edited 1 time in total.
Deal Expert
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Jul 30, 2007
33237 posts
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Toronto
1 year old car with 40,000km. That's a pizza delivery/Uber/courier car. You will need to factor in the added costs for the wearable parts (tires,brakes,fluids change,maybe even suspension works)
Sr. Member
May 2, 2014
527 posts
226 upvotes
Hi Milolai, i have read great reviews on the Elantra GT, i hope to enjoy one like you have :)

According to unhaggle, the otr dealer cost for the automatic model for the GL SE is (this includes freight, sales tax, cash incentives:
GL SE - $24,198

dont you think $23,000 otr would be too low and unattainable?
Deal Guru
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Jul 12, 2003
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$18500 + tax = almost 21k for a one year used car with 40000km.
Brand new car from dealer is 23-24k tax in as per you stated.

You better off buying the brand new one for only $2000-3000 price difference with manufacture warranty start at the date you packed up the car, not a year ago.
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Deal Addict
Nov 11, 2013
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Don’t buy an Elantra, they are junk. Look at a civic or corolla. Much better car in terms of reliability and resale.
Sr. Member
May 2, 2014
527 posts
226 upvotes
redblack wrote: Don’t buy an Elantra, they are junk. Look at a civic or corolla. Much better car in terms of reliability and resale.
where did you find out about the Elantra's reliability?
Sr. Member
May 2, 2014
527 posts
226 upvotes
MP3_SKY wrote: $18500 + tax = almost 21k for a one year used car with 40000km.
Brand new car from dealer is 23-24k tax in as per you stated.

You better off buying the brand new one for only $2000-3000 price difference with manufacture warranty start at the date you packed up the car, not a year ago.
what would be a good price difference to justify the cost of a used car over a new?
Deal Expert
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Jul 30, 2007
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If you are buying a 40,000km car, then you don't have much warranty left + the added costs in short term that new wearable items are needed as I have mentioned. For that kind of mileage, the previously owner(s) may not have taken good care of the car. If you think you are saving $, you may want to rethink.
Sr. Member
May 2, 2014
527 posts
226 upvotes
booblehead wrote: If you are buying a 40,000km car, then you don't have much warranty left + the added costs in short term that new wearable items are needed as I have mentioned. For that kind of mileage, the previously owner(s) may not have taken good care of the car. If you think you are saving $, you may want to rethink.
does this still apply if the car wont be driven that much by me... only 90km has been stacked on my current 13 year old car
Last edited by ausername on Aug 10th, 2018 11:50 am, edited 1 time in total.
Deal Addict
Mar 3, 2018
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ausername wrote: where did you find out about the Elantra's reliability?
Consumer Reports. For about two model years the Elantra reliability is above average. After that it drops off dramatically. If you are concerned about long term reliability this is not the car for you.
Deal Fanatic
Dec 24, 2005
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ausername wrote: does this still apply if the car wont be driven that much by me... only 90km has been stacked on my current 13 year old car
for a small amount of money ($3000) i would rather have 90000 km in 13 years vs 130000 km
Member
Aug 18, 2017
269 posts
157 upvotes
The 2018 Elantra GT currently offers 0.99% or $1500 cash rebate - how are you buying this used Elantra GT? If the answer is bank finance or line of credit I would encourage you to either wait or buy new. If the car is rental I would pass at $18500 (most 18's on the market will be rental).


A quick search on autotrader turns up likely EX rentals from 16900 + fees and taxes to $17900. I would be buying a 2018 Elantra GT GL in the range of $1600-16500 + $500 doc fee as a fair price for everyone involved. These cars have around 15000 kms.


As a side note you can pay or incorporate into the deal an extra year of power train warranty + CPO rates of 2.9%-3.9% on this vehicle. 2.9% would be 24 months - 3.9% for longer terms. This costs the dealer $500


edit: on average most dealers will have $2-2500 in terms of a profit margin if the vehicle has not already been reduced ( autotrader will tell you if vehicle has been reduced).
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Aug 1, 2006
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redblack wrote: Don’t buy an Elantra, they are junk. Look at a civic or corolla. Much better car in terms of reliability and resale.
Hyundai has had a lot of recalls over the years- eg. they recalled 1.5 million of their cars in 2017 that had their 2.0- and 2.4-liter "Theta" four-cylinder engines, for stalling due to premature wear of engine bearings. My cousin had an Elantra years ago and it took her a long time for the dealer to figure out why it kept stalling while driving.
Deal Fanatic
Jan 15, 2017
5750 posts
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Ottawa
ausername wrote: does this still apply if the car wont be driven that much by me... only 90km has been stacked on my current 13 year old car
This doesn't tell us what your annual mileage use is. So, how many kms to you average each year?

The challenge is the high mileage. Most Canadians drive an average of 15,000 kms per year. With 40,000 kms on it, that 2018 has clocked the equivalent of just shy of 2 ½ years worth of driving. That type of above average mileage generally shows up in the asking price as it greatly affects the selling price of the vehicle. In your case, the vehicle price doesn't appear to reflect this reality.

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