Top Hyundai Deals & Must-Know Advice In October

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Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

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, Automotive Analyst - October 6, 2020

Hyundai's incentives see a few enhancements in October. Most advertised lease offers are more affordable. For example, the 2020 Elantra is now available starting at $129/month, $10 less than what we've been seeing recently. In terms of value, the 2020 Sonata presents an excellent option at $159/month.

For those looking to finance, Hyundai's 0% APR deals are available across the majority of the lineup. With finance terms ranging from 48 to 72 months, there's something for everyone. In the case of the 2020 Venue, shoppers have the option between interest-free financing for 60 months or $2,000 in rebates.

Offers from Hyundai vary by region and expire November 2, 2020. Examples listed here are for Los Angeles but expect to see similar deals elsewhere.

Top Hyundai Lease Deals, Financing Incentives & Rebates

Model Best Hyundai Lease Deal Best Hyundai Financing Deal Best Hyundai Rebate
Hyundai Elantra
Hyundai Elantra
Lease from $129/month (2020 Elantra) 0% APR for 60 months (2020 Elantra) Up to $2,500 (2020 Elantra)
Hyundai Kona
Hyundai Kona
Lease from $179/month (2020 Kona) 0% APR for 60 months (2020 Kona) Up to $3,000 (2020 Kona)
Hyundai Tucson
BMW 320
Lease from $179/month (2020 Tucson) 0% APR for 72 months (2020 Tucson) Up to $2,000 (2020 Tucson)
Hyundai Sonata
Hyundai Sonata
Lease from $159/month (2020 Sonata) 0% APR for 72 months + Up to $500 (2020 Sonata) Up to $2,000 (2020 Sonata)
Hyundai Santa Fe
Hyundai Santa Fe
Lease from $199/month (2020 Santa Fe) 0% APR for 72 months (2020 Santa Fe) Up to $2,000 (2020 Santa Fe)

Explore the full Hyundai lineup »

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Must-Know Advice For Hyundai Buyers

Some of the best rebates. Hyundai tends to offer far better rebates compared to brands like Toyota and Mazda. Expect to see the best deals on sedans like the Elantra, Sonata, and SUVs like the Tucson and Santa Fe. In some instances, you may be able to choose 0% financing for up to 72 months and save more money than choosing a rebate.

Discounts can vary. Hyundai discounts can sometimes vary by trim. For example, the Elantra SE tends to see smaller discounts compared to the Limited. As a result, we often find that upgrading to a higher trim can be a smart move. Looking to save a little extra? Hyundai "Event Bonuses" can offer up to an extra $500 in savings around holidays.

How to get the best deal. As far as how discounts work, shoppers will generally have to choose between Retail Bonus Cash and low APR. There may be exceptions, such as Standard Rate Bonuses, which reward you for taking out a loan through Hyundai Motor Finance (HMF) at standard (non-promotional) rates.

Shoppers should also be aware that Hyundai makes dealers adhere to strict advertising restrictions. As a result, the price you see online may not actually be the dealer's best price. To see the lowest price, you may need to request a formal quote due to a limitation called MAAP (Minimum Allowable Advertised Price).

Cheap leases, with a catch. Hyundai lease prices tend to be extremely competitive, although a recent trend has been for the brand to cut its mileage allowances as a result. Expect models like the Elantra and Santa Fe to rank among the cheapest lease deals due to very generous discounts.

Discounts for grads. Recent grads may be eligible for the Hyundai College Graduate Program. It features a $400 bonus that can be combined with most other incentives, although you'll have to finance or lease in order to get it. For added value, consider a used car through the Hyundai Certified Pre-Owned Program.

Big redesigns are coming. Those looking to buy the latest & greatest should know that Hyundai's lineup is getting some major updates. For example, the 2021 Elantra will boast a more upscale look, while the 2021 Santa Fe could be mistaken for a luxury vehicle. In the case of the popular Palisade, limited inventory is keeping prices close to MSRP with few incentives to speak of.

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, Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

Follow On: Twitter

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