Originally Posted By: JOD
Originally Posted By: j_mac
The only thing I'm worried about is the nonsense about the Hyundai Guaranteed Trade-In maybe being void. Anyone know how and who to contact at Hyundai about that?
I hadn't heard of this, so I did a quick search. This is from Hyundai's website:
"The higher of either the guaranteed value or the current market value can be applied to the purchase of a new Hyundai. The guaranteed value must be applied towards the purchase of a new Hyundai financed through Hyundai Motor Finance (HMF) and only when a customer shows proof of all required vehicle maintenance at authorized Hyundai dealerships."
So, it would appear that in order to qualify for this, you do indeed need to have it serviced at the dealer. My limited understanding of the MM Act is that it applies to warranties, and as defined by the act, a "buy back" or "trade-in" incentive would be excluded from the act.
All that said, in looking at the guaranteed trade in values and the exclusions/limitations involved, I probably wouldn't worry about it unless you're really sure you're flipping the car for another Hyundai in 2-3 years. They're still factoring in some pretty large depreciation, IMO.
And, if you're trading the car in 2-3 years from now, it really doesn't matter what they're putting in for oil, as long as put enough in there...
I figured there were some catches to the deal, at a quick glance it sounds like selling ice in the winter. They aren't giving you much of anything with the guaranteed trade value deal. OP change your own oil, if you plan on selling the car 2-3 years from now you'll get more selling it on your own. Just keep good records they can't void your warranty. They just came up with a great way to get more cars in for service, and hopefully get people to buy Hyundai again when it comes time for another car. JMO