The Hyundai Elantra is a great choice for everyday commutes within the city. It has many advanced safety and tech features, competitive fuel economy, and a powerful engine. The compact sedan also has an appealing exterior design. Since its launch, Hyundai has kept upgrading the Elantra to provide it with the latest car technology. While one can choose any model year, the 2023 Hyundai Elantra may offer the most value for money.
About the Hyundai Elantra
The 2023 Hyundai Elantra’s base models have a 2.0-liter four-cylinder engine that generates 147 hp and 132 pound-feet of torque. This engine takes 9.4 seconds to reach 60 mph, which is decent for its class. While the base models have a CVT (continuously variable transmission), the higher-end models have a DCT (dual-clutch transmission).
In addition to power, the Elantra provides adequate comfort. The car’s cabin is quite roomy and has well-padded seats that are great for long journeys for both the driver and the passengers. The interiors ensure abundant leg space, especially in the back. Even the cargo space is competitive at 14.2 cubic feet.
The Hyundai Elantra also has several tech features, including wireless smartphone integration. The infotainment screen is handy to access apps and music and is quite easy to use.
Tips to buy the Hyundai Elantra
The 2023 Hyundai Elantra costs between $20,000 and $34,000. For potential buyers on a budget, there are several ways in which they can save on the purchase of the automobile.
1. Set a budget
When buying a car, the first thing to do is set a budget. Doing so will help one choose the right model year and trim of the Hyundai Elantra. To arrive at the budget, one must ask themselves a few questions.
- How much savings are available for the car?
- Is the money available entirely in cash?
- Are there any financing options?
- Will it be possible to afford a new or an old car?
While deciding on the budget, one must consider other potential expenses, such as taxes, fuel, insurance, repairs, maintenance, title fees, and registration.
2. Know what’s needed
The 2023 Hyundai Elantra is available in six variants. Each variant has different features, engine specs, and safety equipment, so it’s important to compare them all and choose the right option based on one’s needs. One should also research the special packages available and their cost. Although this step takes time, it can help one pick the right variant.
3. Research the car’s value
When buying a used Hyundai Elantra, determining its value is important. Once a buyer knows the car’s value, it is easier for them to negotiate. Various online tools can help one know the value of a used vehicle based on factors like the brand, model, mileage, modifications, maintenance history, condition, and more. Knowing the car’s original value can help one get a fair price for a used Elantra.
4. Call the dealership before visiting
Before visiting any dealership in person, interested buyers must contact them and inquire about certain key details. One can ask about any ongoing Hyundai Elantra prices and deals, exclusive discounted packages, trims and models available, and the availability of pre-owned models. After getting the necessary information, one can shortlist a few dealerships that offer the best prices on their inventory.
5. Shop around for car loans
Those looking for financing options or car loans should research multiple providers. Some places interested buyers can go to get an idea of the financing options include online lenders, credit unions, credit dealerships, and banks.
Buyers can also seek a pre-approval on the auto loan. Doing so can give them a fair idea of the loan amount, terms, and interest rates. Buyers with a pre-approved loan will have the leverage to negotiate better at the dealerships. Some dealerships also offer their own car loans, which one can consider.
6. Know what’s negotiable and what’s not
Dealerships may or may not be open to negotiation based on the demand of the car, month or the time of the year, and available inventory. If they are open to negotiation, one can try to change a few things in their favor, such as the interest rate, vehicle price, trade-in value of the current car, insurance cost, and warranties. As for a used car, the factors one can negotiate are its current market value and the car’s condition.
It is important to note that not every dealership may be open to negotiations, and neither are they obliged to do so. So, if the deal does not crack, there’s no harm in walking away and continuing the search elsewhere.
