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Need advice on buying a used car (2012 Hyundai Accent)
kolath ^ | 04/16/2014 | kolath

Posted on 04/16/2014 7:04:10 PM PDT by Kolath

I'm looking to buy a new vehicle after my old one (2005 Hyundai Accent) hit the 110000 mile mark. I've nicked-named it the "old gray mare"

I'll be going to the same Hyundai dealer who sold me the previous Accent. I'm looking at a 2012 Accent which was a lease and it only has 6176 miles on it.

Auto Check is "clean" and it's Hyundai "Certified Pre-Owned" (and under it's original warranty).

Any advice you can offer to make this a smooth transaction, save some money, and avoid pitfalls?

FYI: I'm already pre-approved by my local credit union (helps to have a 800+ credit score).

(Excerpt) Read more at edwardshyundai.com ...


TOPICS: Miscellaneous
KEYWORDS: accent; automobiles; car; cars; hyundai; purchase; usedcars
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1 posted on 04/16/2014 7:04:10 PM PDT by Kolath
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PS: Asking price is $12,828 (automatic transmission with the usual standard equipment)


2 posted on 04/16/2014 7:05:49 PM PDT by Kolath
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To: Kolath

110K - still practically new.


3 posted on 04/16/2014 7:08:52 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: smokingfrog

For Japanese cars.


4 posted on 04/16/2014 7:10:09 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: smokingfrog

My Japanese car is nearing 100K...middle age. I take care of it and hope to see it hit 200K.


5 posted on 04/16/2014 7:12:53 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Kolath

I drive a 30 year old Mercedes diesel that I bought ten years ago for $100. What does that tell you?


6 posted on 04/16/2014 7:13:28 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: Kolath

If you want it, that is reason enough to buy.

I think your old one is still good for a lot more miles and years. Of course you know it better than anyone.


7 posted on 04/16/2014 7:13:38 PM PDT by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
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To: smokingfrog

It never hurts to have a backup.


8 posted on 04/16/2014 7:13:49 PM PDT by Paladin2
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To: Kolath

My FIL was close friends with a dealer who sold cars for at least 50 years and also owned and sold another 100 plus cars himself. He said that there is at least $2000 dealing margin in the price and another $2000 in the trade in value. This was 10 years ago. This worked for people he knew, cutting the amount they paid by $4000.


9 posted on 04/16/2014 7:17:13 PM PDT by norwaypinesavage (for)
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To: 2ndDivisionVet

You have a good financial sense, by priority?


10 posted on 04/16/2014 7:18:20 PM PDT by RedHeeler
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To: Kolath

Shop your trade in, numerous places will buy it wholesale outright without a trade. Could come out better than what the dealer with the vehicle you want to buy is offering.

You’d come out best selling your old car yourself and getting better than wholesale, but you’d likely miss out on the car you want, if you have to trade to pull off buying it.

Certified pre-owned is often a better warranty than new. I assume it’s still the 100K mile bumper to bumper? Decent warranty.

Only concern with the car itself would be that it has been parked for a lengthy period for some reason, blown engine or something. Unusually low miles can mean trouble. Carfax history should show any major mechanical work as well as accidents, routine maintenance performed by a dealer, etc.


11 posted on 04/16/2014 7:18:57 PM PDT by RegulatorCountry
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To: smokingfrog

I bought an ‘05 Elantra GT (leather/roof/sound), with 85k on the speedo, for $2,200 on CL. But it had a salvage title. I’ve put 50k miles on it, and have zero problems except tires/delamination. If you are paying cash, offer $10k, but since you mentioned your credit score as a brag, go ahead and overpay.


12 posted on 04/16/2014 7:21:55 PM PDT by bigmak007 (They who can't control their own passions, want to passionately control others.)
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To: 2ndDivisionVet
"What does that tell you?"

Uh, black smoke out the tailpipe, especially when the pedal is just recently pressed to the metal?

13 posted on 04/16/2014 7:22:01 PM PDT by Paladin2
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To: smokingfrog

I drove my old Honda to 210,000 and still sold it for $800. But that was a ‘90. I don’t think they make them like that anymore.


14 posted on 04/16/2014 7:22:07 PM PDT by ponygirl (Be Breitbart.)
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To: RedHeeler

That, too. She was asking $2,000, so I was waiting for a commission check (was a mortgage broker at the time) when she suddenly called and said to bring over $100 and pick up my car. Her heirs were fighting over the Mercedes, even though they were in line to inherit millions.


15 posted on 04/16/2014 7:22:26 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: Paladin2
Cars And Trucks That Will Take You 300,000 Miles

Ram 1500 pickup

Nissan Altima

Hyundai Elantra

Honda Civic

Chevrolet Silverado

Dodge Dart

Ford F-150

Toyota Camry

Volkswagen Jetta TDI

Honda Accord

16 posted on 04/16/2014 7:22:38 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Paladin2

Not as much as you’d think. Plus, that’s the guy behind me’s problem. LOL


17 posted on 04/16/2014 7:23:22 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: smokingfrog

Well, I’ve got two #9’s, both about halfway there.


18 posted on 04/16/2014 7:24:11 PM PDT by Paladin2
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To: ponygirl

Daughter-in-law’s Subaru wagon had rust holes clear through the body. It was just traded in (they gave her $1,000) at just under 300,000 miles.


19 posted on 04/16/2014 7:24:17 PM PDT by Eric in the Ozarks (Rip it out by the roots.)
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To: Kolath

Hyundai has improved from one of the poorer quality cars to one of the best. That is quite a change. I am not sure when they began to be really good tho.


20 posted on 04/16/2014 7:24:45 PM PDT by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
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To: Kolath

Your biggest mistake was by not stopping just shy of the 100k mark.

But even at 110, unless you have issues, and do some routine maintenance, the car should be good for another 100k. What you should do (IMO) is to start shoving money into the ole cookie jar so that in a few more years you can buy an even better car.


21 posted on 04/16/2014 7:25:20 PM PDT by bigheadfred
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To: 2ndDivisionVet

I remember we had a (70’s?) 300D (TD?) test car. BIG cloud out the back on brisk acceleration.


22 posted on 04/16/2014 7:25:36 PM PDT by Paladin2
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To: Eric in the Ozarks

Dang it. I knew I got screwed.


23 posted on 04/16/2014 7:25:38 PM PDT by ponygirl (Be Breitbart.)
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To: smokingfrog

If they mean the new Dodge Dart based on Alfa Romeo mechanicals, there is insufficient history to make such a claim. I doubt there are even a handful that are close to 300K miles.


24 posted on 04/16/2014 7:25:49 PM PDT by RegulatorCountry
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To: Kolath

You can easily get another 110,000 miles out of the 2005.


25 posted on 04/16/2014 7:25:49 PM PDT by E. Pluribus Unum ("The best way to control opposition is to lead it ourselves." -- Vladimir Ilyich Lenin)
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To: smokingfrog

Cool. I have 365k on a Ford Explorer.


26 posted on 04/16/2014 7:26:21 PM PDT by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
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To: Paladin2

Mine is a 300D turbo. Maybe the turbocharger makes the difference?


27 posted on 04/16/2014 7:27:18 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: LostInBayport

My 1992 Camry 2.2 4-cyl had 332,000 miles on it when I sold it. Original stick-shift transmission and didn’t burn a drop of oil. But a well-maintained Hyundai with 110,000 miles should have had some life left in it.


28 posted on 04/16/2014 7:27:20 PM PDT by luvbach1 (We are finished)
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To: RegulatorCountry

Looks like a nice car, though. Have you seen the new Alfa Romeo sports care coming here?


29 posted on 04/16/2014 7:28:34 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: Kolath

You can’t afford it.


30 posted on 04/16/2014 7:29:20 PM PDT by AppyPappy
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To: 2ndDivisionVet

Nope, if you have a 300D and it has a turbo, so did the car of yore, but a newer one might not go so far beyond the Diesel smoke limit on full throttle fueling as the older ones.


31 posted on 04/16/2014 7:29:33 PM PDT by Paladin2
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To: ponygirl

I know a 1999 Honda Civic that has 210,000 and it’s still going strong.


32 posted on 04/16/2014 7:30:12 PM PDT by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
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To: Alberta's Child
"I have 365k on a Ford Explorer."

Well Done!

33 posted on 04/16/2014 7:30:49 PM PDT by Paladin2
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To: 2ndDivisionVet

They’re very nice looking cars, I’ve been impressed in general with Fiat’s efforts with Chrysler, to my surprise. I’ve admired Alfas for years and regretted that they were no longer being sold in the US, same with Citroen. That coupe is a really slick looking vehicle. Price will be an obstacle, though. Not especially accessible.


34 posted on 04/16/2014 7:31:23 PM PDT by RegulatorCountry
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To: RegulatorCountry
That one (Dodge Dart) did kind of surprise me.
35 posted on 04/16/2014 7:32:20 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Kolath

Keep your car, sounds like it is in pretty good shape, save the payment money you would spend on this one and pay cash for a car later. No way I would finance an almost 3 year old car and I don’t care how many miles it has on it.
I learned the ‘save payment money and pay cash’ many years ago. We have paid cash for a Jaguar and a Mercedes SUV by doing that. I am and have been saving $550 a month for a year (since we bought the Mercedes) for my next new car. The Jag is getting kind of old now.


36 posted on 04/16/2014 7:33:54 PM PDT by sheana
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To: Paladin2

Thanks! Well done by Ford, well done by the mechanics who have worked on it over the years, and a lot of luck on my part!


37 posted on 04/16/2014 7:35:57 PM PDT by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
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To: luvbach1
332,000 miles

Now that's impressive! Maybe I'll up my optimism to 300K.
38 posted on 04/16/2014 7:39:27 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Kolath

Used Chevy Astro van, best advice I can give you. My favorite vehicle ever.


39 posted on 04/16/2014 7:42:48 PM PDT by OftheOhio (never could dance but always could kata - Romeo company)
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To: Kolath

First, know how much your trade in is really worth. The dealer will try to give you wholesale or less. Then know what the newer Accent is worth, the dealer will try to sell it at retail or higher.


40 posted on 04/16/2014 7:47:44 PM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: 2ndDivisionVet

I had a Nephew who got taken by a dealer the worst I have ever heard of. He just had to have a Honda Civic when they were really hot sellers.

He traded in a two year old Toyota extra-cab 4wd pickup which was about as minty as they get. Perfect in every way and low mileage. I checked the various dealer books and the Toyota was actually worth a little bit more than the new Honda.

They gave him $3500 trade-in and charged him sticker for the Honda. They had a live one and knew it. The nearest I could figure, is they made around $7,500.00 off him.


41 posted on 04/16/2014 7:50:18 PM PDT by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
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To: Kolath
A brand new one is only $2,000 more than that for the base model with standard transmission.

What trim level (GLS, GS, SE) and what type of transmission?

42 posted on 04/16/2014 7:51:59 PM PDT by IYAS9YAS (Has anyone seen my tagline? It was here yesterday. I seem to have misplaced it.)
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To: Kolath

I could tell you a thing or two about cars, but what do I know? lol


43 posted on 04/16/2014 7:52:47 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: RegulatorCountry

checked carfax. Used as a lease for 10 months....last oil change was at 6176 miles (July 26, 2013).

No other issues of note.

Current milage 6176.


44 posted on 04/16/2014 7:55:09 PM PDT by Kolath
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To: norwaypinesavage

Friend of mine owns a hyundai dealership in west edmonton. There is no markup on new, it’s pretty low as is. That said, I’d probably go for the more solid elantra, though it’s all about what you are comfortable paying.

The money is in used cars and tradeins. For price of new with foreign makes, there’s not much fudge factor.

Now domestic is a whole different story.


45 posted on 04/16/2014 7:55:33 PM PDT by Bulwyf
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To: IYAS9YAS

gs, auto


46 posted on 04/16/2014 7:56:33 PM PDT by Kolath
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To: Kolath

My question would be “Why are you buying a new car?” Only to be followed up with, “Why are you not paying cash if you must buy a new car?”


47 posted on 04/16/2014 7:56:34 PM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: Alberta's Child

I have a 2003 Trailblazer with 299,978 miles as of this evening. Original engine, replaced alternator and battery only. Still has the original brakes, shocks and exhaust. Still gets 22-24 mpg.


48 posted on 04/16/2014 8:03:31 PM PDT by A_Tradition_Continues (formerly known as Politicalwit ...05/28/98 Class of '98)
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To: Kolath

Ten months is not a typical lease term. Repo?

6176 miles in late July of last year, 6176 miles as of today? It hasn’t been moved an inch to be test driven or washed in almost eight months?

Carfax should also tell you how long this particular dealer has been in possession of the car. If they’re offering Certified on it, it’s a Hyundai dealer. Leased from them or brought in from elsewhere?

Sorry to be throwing doubt into the equation, but you’ve got to do your due diligence on a used car. Could be nothing, and you can buy it with a clear conscience. Could be something, and you’ll be dodging a bullet.


49 posted on 04/16/2014 8:06:55 PM PDT by RegulatorCountry
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To: Kolath

I would recommend a Ford Fusion. My wife has had three of them and they are great cars. She leases them for 2 to 3 years.


50 posted on 04/16/2014 8:10:07 PM PDT by TNoldman (AN AMERICAN FOR A MUSLIM/BHO FREE AMERICA.)
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