Hyundai/Kia to offer lump sum payment for mileage fiasco
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Hyundai/Kia to offer lump sum payment for mileage fiasco
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Jan 5 2014, 12:00 AM
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GT for life! Group: VIP Members Posts: 6,303 Posts Per Day: 0.90 Thanks Received: 478 Trader Stats: 2 (100%) Joined: 27-January 05 From: Greenville, SC Member No.: 34 Mood: Optimistic |
Well somehow I missed this, but Hyundai and Kia are going to offer lump sum payments in lieu of receiving the periodic debit cards for the understated mileage. I guess I'll have to wait and see what the lump sum payment amount is before I decide on whether to keep with the periodic payments or just take the lump sum.
Once more info starts rolling out, I'll have to look at setting up a poll to track what other owners decide to do. For now it is too early for me to decide. Any of you have thoughts on what you will do or have you heard any further information in relation to this? MPG Payout Article -------------------- Please consider helping keep the club online and independent. Donate here to help the club.
Current Car: 2013 Hyundai Elantra GT, 6 spd manual w/ the style and tech packages Previous Hyundai's: 2011 Hyundai Sonata SE in Venetian Red; 2006 Hyundai Sonata GLS, 3.3L V-6 in Ebony Black; 2004 Elantra GT, 5 spd manual in tidal wave blue |
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Jan 5 2014, 12:44 AM
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Post Maniac Group: Lifetimer Posts: 1,660 Posts Per Day: 0.36 Thanks Received: 136 Trader Stats: 1 (100%) Joined: 25-October 11 From: Palm Springs, CA Member No.: 11,366 Mood: Carefree |
Hey-I read about the lump sum payment a few weeks ago, but I haven't decided which plan is best. I do plan on keeping my '13 GT for quite a few years, so the mileage payment might be the best way to go. I'll decide when I hear more for my particular case.
-------------------- A proud member of the club.
2003 Mercedes-Benz SL500 2013 Hyundai Elantra GT |
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Jan 5 2014, 10:05 AM
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Elantra Guru Group: Leader Posts: 3,309 Posts Per Day: 0.62 Thanks Received: 558 Trader Stats: 0 (0%) Joined: 12-August 09 From: Clinton, MA (USA) Member No.: 7,533 Mood: Evil |
I've heard $350 is the average for hyundai where Kia would be higher. My inlaw said he's going to take the lump sum as it's easier for him instead of going to the dealership everytime.
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Jan 5 2014, 10:40 AM
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Post Maniac Group: Lifetimer Posts: 1,660 Posts Per Day: 0.36 Thanks Received: 136 Trader Stats: 1 (100%) Joined: 25-October 11 From: Palm Springs, CA Member No.: 11,366 Mood: Carefree |
Hey-I plan on using the dealership for maintenance so having them calculate the mileage wouldn't be an issue with me if I pick that method of payment.
-------------------- A proud member of the club.
2003 Mercedes-Benz SL500 2013 Hyundai Elantra GT |
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Jan 5 2014, 10:41 AM
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That Mitsubishi Guy Group: Leader Posts: 2,568 Posts Per Day: 0.57 Thanks Received: 423 Trader Stats: 3 (100%) Joined: 13-November 11 From: Central MA Member No.: 11,480 Mood: Complacent |
you can also use the lump sum toward the purchase of a new ca.
-------------------- 2014 Veloster Turbo - racecar
2002 Elantra GLS - DEAD AND GONE DEAD AND GONE |
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Jan 5 2014, 01:20 PM
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J.Electron-Elantra 2013 GT Group: Lifetimer Posts: 594 Posts Per Day: 0.14 Thanks Received: 120 Trader Stats: 1 (100%) Joined: 24-September 12 From: Delaware Member No.: 13,648 Mood: Happy |
Clearly a bad deal for me to take the lump payout. The GT was only overstated by 1 MPG and will get below the average payout, plus they said they will minus the amount you have already been paid via the cards. I have gotten about $75.00 back so far at the first year. So... If the GT gets like $200 lump and minus what they paid out already, then I would get about $125 lump or I could continue with the $75 per year.... Huh.... I think I will be sticking with the rebate cards. Like others, I take my car to the dealer anyway. I wonder if the leadership turn over had anything to do with the mileage "mistakes" and how they decided to deal with it. I love the car and getting my moneys worth so I don't feel too "damaged" but given the two options; I am taking the no brainer deal.
-------------------- A proud member of the Elantra club.
2013 Elantra GT 6-Sp M/T w/Style 2008 Nissan Versa SL |
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Jan 5 2014, 02:33 PM
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GT for life! Group: VIP Members Posts: 6,303 Posts Per Day: 0.90 Thanks Received: 478 Trader Stats: 2 (100%) Joined: 27-January 05 From: Greenville, SC Member No.: 34 Mood: Optimistic |
I'm curious if the lump sum option takes into account the area you live in. Greenville has possibly the lowest gas prices in the nation, which while that is great everytime I fill up, obviously leads to a lower periodic payment. If the lump sum is just based on the car and national prices for gas, then that might be the better option?
-------------------- Please consider helping keep the club online and independent. Donate here to help the club.
Current Car: 2013 Hyundai Elantra GT, 6 spd manual w/ the style and tech packages Previous Hyundai's: 2011 Hyundai Sonata SE in Venetian Red; 2006 Hyundai Sonata GLS, 3.3L V-6 in Ebony Black; 2004 Elantra GT, 5 spd manual in tidal wave blue |
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Nov 3 2014, 01:03 PM
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Club Newbie Group: Members Posts: 15 Posts Per Day: 0.00 Thanks Received: 2 Trader Stats: 0 (0%) Joined: 30-May 13 Member No.: 15,804 |
So I am a little late to the party on this, but I just read a news article on this. How do I find out if I am eligible for some sort of reimbursement? I have a 2013 Elantra sedan and have never been contacted by Hyundai regarding this.
This post has been edited by karrun: Nov 3 2014, 01:04 PM -------------------- A proud member of the club.
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Nov 3 2014, 02:18 PM
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That Mitsubishi Guy Group: Leader Posts: 2,568 Posts Per Day: 0.57 Thanks Received: 423 Trader Stats: 3 (100%) Joined: 13-November 11 From: Central MA Member No.: 11,480 Mood: Complacent |
as i said in the thread you created... your dealer.
-------------------- 2014 Veloster Turbo - racecar
2002 Elantra GLS - DEAD AND GONE DEAD AND GONE |
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