Hyundai Expansion Fueled by DemandBy Justin Stoltzfus
Friday, May 20 2011 19:13
News that Hyundai is looking to expand production for some of its new car line comes along with a growing realization that this auto maker, previously considered something of a dark horse, is forging to the head of the pack. Demand for sedans like the 2011 Hyundai Sonata and the smaller 2011 Hyundai Elantra is making waves in the American market, and according to recent reports, that’s leading Hyundai to pour over 150 million dollars into plant production in anticipation of future sales.
In terms of new car financing, these models present some interesting options for those new car buyers trying to keep car loan costs down. The 2011 Sonata, starting at around $19,000, competes with the 2011 Ford Fusion and other similar sedans on price, and the 2011 Elantra is pegged much lower at around $15,000. The 2011 Elantra also gets up to 29 mpg in city and an astounding 40 on highway, according to the manufacturer’s numbers. Hyundai’s plan to expand reflects the idea that Americans are looking for this kind of high mpg; the new production lines will mostly be focusing on the smaller four-cylinder engines in many 2011 Elantra and Sonata models, at the expense of the V6, which is becoming too much for many consumers’ wallets as gas prices climb.
Another great thing about the new production plan for this Korean brand is that it’s going into U.S. facilities, namely, the Montgomery, Alabama plant complex. That’s good news for American auto workers, and in terms of new car financing for one of these rides, buyers might be able to save a little off of dealer invoice in the region, where shipping doesn’t pad the final sale price. Also, even though industry experts are citing a recent pullback in the kinds of incentives and rebates offered to 2011 car buyers, Hyundai still ranks solidly in the middle of the pack for breaks on sticker prices. To make the most of these possible savings, buyers will need to work out the details with their local dealerships, inspecting the final new car financing agreement closely to make sure that they are getting the most competitive interest rates without a lot of up-charging. Bigger cash down payments also help, and knowing your credit score is key to getting the right deal. Combine good new car financing research with a play on one of these top selling rides to bring home your 2011 Sonata or Elantra at a price you can afford.
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