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What to do after lease end


ilya12000
02-03-2006, 03:39 PM
I'd be very appreciated for advice. In some months lease for my Elantra GTS ends. I need return it or to buy for ~$9.5K (+taxes, so it's something around $11K). All dollars are Canadian, as I'm from Toronto (Can.$11K is about US$9.5K). The model is 2002, mileage is approximately only 30K (in miles) or 55K in km. No serious problem during these 4 years, only replacement of 1 relay (don't remember its name).
What is your advice: to buy it or to return and buy newer car? Could I expect with high probability big problems in the next 1-3 years with Elantra? Does it worth to pay this amount for this car?
Thank you in advance for any advice,
Ilya

peachferrari
02-06-2006, 03:06 PM
As long as you have kept up on all the maintenance items, you shouldn't expect any problems. As for the price, it seems a little high to me. I bought my '99 in 2002 when it had about 43k miles on it for around $6K (US) (base model, not GLS). Of course, I didn't buy it from a Hyundai dealer, so maybe I got a little better deal than I would have otherwise.

Mine's at about 72K miles and I haven't had any major problems at all.

nickledimed
03-15-2006, 08:22 PM
Lease?...you dont mean you actualy signed a lease contract for this car.....god you got ripped......a lease is the worst way to buy a car.....quoted by many car shoping advice pros.

MunG35
03-15-2006, 08:36 PM
Lease?...you dont mean you actualy signed a lease contract for this car.....god you got ripped......a lease is the worst way to buy a car.....quoted by many car shoping advice pros.

dont rag on the guy... he needs help... give him help...

According to Edmunds... the dealer retail for this is $8,208. (US)
http://www.edmunds.com/used/2002/hyundai/elantra/100003407/prices.html

The buy out price is a bit high but if you like the car, you should keep it...

If you wanna know about problems and things... check the consumer reviews...
http://www.edmunds.com/used/2002/hyundai/elantra/100003407/ratings_consumer.html

Overall, it wouldnt be too bad of an idea... do a customized appraisal on the price and see how it shows...

Another thing I would suggest is that you look at similar cars +/- a year and see if you can buy one like yours cheaper off somebody... this way you're not paying as much...

Just a few thoughts... Let me know if you need more help...

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