This is an archived forum community. It's currently closed to new memberships and is read-only.
ElantraClub - for all generations

Welcome Guest ( Log In | Register )

Amazon · Advance Auto · Newegg · Ebay 
 Forum Rules Overview
 
Reply to this topicStart new topic
> Hyundai/Kia to offer lump sum payment for mileage fiasco
Alex2013GT
post Jan 5 2014, 12:00 AM
Post #1 | Print


GT for life!
Group Icon
Group: VIP Members
Posts: 6,303
Posts Per Day: 1.03
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
Go to the top of the page
 
+Quote Post
Red Elantra GT
post Jan 5 2014, 12:44 AM
Post #2 | Print


Post Maniac
Group Icon
Group: Lifetimer
Posts: 1,660
Posts Per Day: 0.46
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
Go to the top of the page
 
+Quote Post
Vinnie
post Jan 5 2014, 10:05 AM
Post #3 | Print


Elantra Guru
Group Icon
Group: Leader
Posts: 3,309
Posts Per Day: 0.74
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.


--------------------

Go to the top of the page
 
+Quote Post
Red Elantra GT
post Jan 5 2014, 10:40 AM
Post #4 | Print


Post Maniac
Group Icon
Group: Lifetimer
Posts: 1,660
Posts Per Day: 0.46
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
Go to the top of the page
 
+Quote Post
RPW00Mirage
post Jan 5 2014, 10:41 AM
Post #5 | Print


That Mitsubishi Guy
Group Icon
Group: Leader
Posts: 2,568
Posts Per Day: 0.71
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
Go to the top of the page
 
+Quote Post
FurunoFan
post Jan 5 2014, 01:20 PM
Post #6 | Print


J.Electron-Elantra 2013 GT
Group Icon
Group: Lifetimer
Posts: 594
Posts Per Day: 0.18
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
Go to the top of the page
 
+Quote Post
Alex2013GT
post Jan 5 2014, 02:33 PM
Post #7 | Print


GT for life!
Group Icon
Group: VIP Members
Posts: 6,303
Posts Per Day: 1.03
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
Go to the top of the page
 
+Quote Post
karrun
post Nov 3 2014, 01:03 PM
Post #8 | Print


Club Newbie
Group Icon
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.
Go to the top of the page
 
+Quote Post
RPW00Mirage
post Nov 3 2014, 02:18 PM
Post #9 | Print


That Mitsubishi Guy
Group Icon
Group: Leader
Posts: 2,568
Posts Per Day: 0.71
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
Go to the top of the page
 
+Quote Post
Reply to this topicStart new topic
2 user(s) are reading this topic (2 guests and 0 anonymous Users)
0 Members:


Collapse

> Similar Topics

  Topic Replies Topic Starter Views Last Action
No New Posts Ford Ranger Raptor spotted testing in Michigan?
0 Autoblog 38,462 26th June 2017 - 02:05 PM
Last post by: Autoblog
No New Posts Ford Focus spy photos reveal a Fiesta-style interior
0 Autoblog 36,531 19th June 2017 - 01:20 PM
Last post by: Autoblog
No New Posts Ford Focus prototype spied with production-intent body
0 Autoblog 22,401 14th February 2017 - 11:06 AM
Last post by: Autoblog
No New Posts Toyota Supra spied winter testing alongside the BMW Z5 convertible
0 Autoblog 18,986 24th January 2017 - 06:35 PM
Last post by: Autoblog
No New Posts For Sale: Ksport Coilover kit
13 Bobzilla 1,614 24th December 2016 - 11:26 AM
Last post by: slowgls



 



RSS 2017 The Hyundai Elantra Club    
Time is now: 18th October 2021 - 02:59 AM
Elantra Club is not affiliated in any way with Hyundai Motor America