PS: Asking price is $12,828 (automatic transmission with the usual standard equipment)
110K - still practically new.
I drive a 30 year old Mercedes diesel that I bought ten years ago for $100. What does that tell you?
If you want it, that is reason enough to buy.
I think your old one is still good for a lot more miles and years. Of course you know it better than anyone.
My FIL was close friends with a dealer who sold cars for at least 50 years and also owned and sold another 100 plus cars himself. He said that there is at least $2000 dealing margin in the price and another $2000 in the trade in value. This was 10 years ago. This worked for people he knew, cutting the amount they paid by $4000.
Hyundai has improved from one of the poorer quality cars to one of the best. That is quite a change. I am not sure when they began to be really good tho.
Your biggest mistake was by not stopping just shy of the 100k mark.
But even at 110, unless you have issues, and do some routine maintenance, the car should be good for another 100k. What you should do (IMO) is to start shoving money into the ole cookie jar so that in a few more years you can buy an even better car.
You can easily get another 110,000 miles out of the 2005.
You can’t afford it.
Keep your car, sounds like it is in pretty good shape, save the payment money you would spend on this one and pay cash for a car later. No way I would finance an almost 3 year old car and I don’t care how many miles it has on it.
I learned the ‘save payment money and pay cash’ many years ago. We have paid cash for a Jaguar and a Mercedes SUV by doing that. I am and have been saving $550 a month for a year (since we bought the Mercedes) for my next new car. The Jag is getting kind of old now.
Used Chevy Astro van, best advice I can give you. My favorite vehicle ever.
I could tell you a thing or two about cars, but what do I know? lol
My question would be “Why are you buying a new car?” Only to be followed up with, “Why are you not paying cash if you must buy a new car?”
I would recommend a Ford Fusion. My wife has had three of them and they are great cars. She leases them for 2 to 3 years.
Why would you pay $13K for an Accent when you could buy the Elantra that is new for little more. I paid $16,200 for my 2013 Elantra with the preferred package that stickered for $19,600. It had 26 miles on the clock.
The Accent is not a “bad” car but it is not as good as an Elantra nor as comfortable or as well appointed. I’d offer maybe $10K or better yet, just buy a new Elantra for not much more.
Bottom line is that used cars are vastly overpriced in today’s market. At this time it is foolish to buy a used car from a dealer. Perhaps from a private individual where they aren’t out to make a killing off the retail customer. The used cars are where the dealers make their money. They offer little and price them thousands higher.
Finally, you are only going to get a partial warranty. When you buy new you get the full 10 year, 100,000 warranty. Buying used cuts it to 5 years, 60,000 miles. And the interest rates are higher for used cars.
I know a little about this subject having owned and driven a whole passel of Hyundais including the top line Equus that stickers for nearly $70K. They are great cars but money is money. Keep it in your pocket; not the dealer.
My 2004 Honda Pilot has 185,000 and still going strong, why do you want a car payment and interest? If you can’t pay cash for a car, drive the old gray mare and save for a different car.