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Allison
No one knows, no one cares. Hyundai builds junk and the people who buy based on this promotion are not very bright, in my opinion.
Sue
YOU FORGET THAT HYUNDAI IS A SMALLER COMPANY. BECAUSE OF THAT THEY MAKE MOSTLY SMALLER CARS THAT GET BETTER MPG AND ARE SELLING BETTER RIGHT NOW. WHILE I DO THINK THAT THIS IS A GOOD MARKETING TRICK I DON’T THINK IT IS A THE MAIN RESION THAT THEY DID BETTER. INSTEAD I THINK ITS MORE OF A COMBINATION OF THINGS.
Gina
Well, based on the results it seems like the marketing strategy works. Yes, Hyundai doesn’t sell as many as GM, but they don’t sell as few as Volvo either, they are currently ranked behind Nissan at about 600,000 sales per year in the US. If every car company offered this plan then nobody would benefit except the consumer because there is still a tight credit market and with the economy being so negative people are scared to buy a new vehicle. However, a strategy like this could definitely be a great asset to a company like Mazda or Nissan. The big 3 can’t afford to do this since they are giving cars away with huge discounts.
Cheryl
I’ll let you know after I have read the ‘fine print’ because you can be assured that there is an escape clause for Hyundai in there somewhere.
LIKE: sure they will take the car back; but only if you paid cash for it or you load it up with $4000.00 worth of accessories. Or they sign you into a lease with a huge down payment. And what is your bank loan officer going to have to say about this? Is Hyundai going to pay off the balance of your bank loan too?
Let’s get real here; Hyundai is a car manufacturer and they are not going to do anything for you unless the balance sheet is weighted in their favour. That just how these people do business. American, Japanese, German or Korean; they are all the same.
Matthew
Hyundai will never hit a home run,I was once a owner and never again yes they have been improved,this is a bad time for all motor car’s, but there sale has always been down,and there are some motor vehicle’s are not effected by the collapsing market.but this should be a wake up call to let you know to buy one vehicle and get the others one free, that the motor’s corporation has been charging too much and taking too much of a profit to feel the shoes on the other feet is kind of tight for those who are in deep water,trying to swim out.
Ernest
Yes, they did hit a home run, and yes, they mean what they say about taking the car back. It’s a good deal, and probably is one reason why Hyundai’s sales aren’t dropping. A more important reason is that they make very good cars at very good prices, as Consumer Reports shows, recommending most of their models but few from the “Big Three”.
Too bad they haven’t been able to totally live down their poor start of 15 years ago, but as the sales figures show, more and more people are catching on.
I don’t know if other companies will follow suit or not. It will be interesting to watch and see.
April
excellent question my friend hyundai did hit s home run, i
do not expect any other automaker to do the same.