I'm a college student who just purchased a 2012 Sonata GLS w/ Popular Package: it's my first brand new car, and I want to keep it in excellent condition. Upon purchase, my dealer offered 3 years of maintenance (including loaner car) at $800...Of course I know they are out to make money, and Motortrend projects maintenance cost in the same time frame at $616. Am I missing something, or is this a bad value? Thanks in advance.
Kynos
Depends on what they cover? If it's just oil changes then it's not worth it as if you say a oil change is $40 and the Sonata goes in twice a year so 6 times in 3 years is only about $240. Even if you do the severe schedule that's 4 times a year and about $480. Tire Rotation is about $30 or so and your do that 6 times in the 3 years so $180.
Now if it covers everything including all the misc checks then it might be worth it as usually those extra maintenance will run $140 on their own. But you don't need to o those extra stuff.
Now if it covers everything including all the misc checks then it might be worth it as usually those extra maintenance will run $140 on their own. But you don't need to o those extra stuff.
dealers in the the business to make money. If it was a good deal to all consumers they wouldnt offer it.
they will only cover maintenance per the Hyundai maintenance schedule, and this car doesnt require much maintenance beyond oil changes in the low mileage range. To see if it's a good value, look at the maintenance require in roughly the first 3 years (based on your driving miles) then get a rough cost for all services, which can sometimes be found on a dealers service website. If you drive a ton of miles, it may pan out, but for under 15k miles a year, i highly doubt it.
if the pricing adds up, then the dealers are just banking on a good chunk of people not following through with the maintenance.
they will only cover maintenance per the Hyundai maintenance schedule, and this car doesnt require much maintenance beyond oil changes in the low mileage range. To see if it's a good value, look at the maintenance require in roughly the first 3 years (based on your driving miles) then get a rough cost for all services, which can sometimes be found on a dealers service website. If you drive a ton of miles, it may pan out, but for under 15k miles a year, i highly doubt it.
if the pricing adds up, then the dealers are just banking on a good chunk of people not following through with the maintenance.
QUOTE (Wentz79 @ Aug 15 2011, 07:11 AM) index.php?act=findpost&pid=491015
Now, all the above numbers are made up, you'll have to do the math on your own. But this is a reason why it could be a good deal for the consumer and still be a good deal for the dealership.
Of course they are. But think of it this way. Most customers probably don't do all the recommended services. So they can offer you $1200 in service for $800. Now they have $800 from you. On the other hand, they could not offer it and you'd likely only do $500 in maintenance during that time. So while they've given you $400 more service than you've paid for, they still got $300 more from you than if they didn't sell the package.
Now, all the above numbers are made up, you'll have to do the math on your own. But this is a reason why it could be a good deal for the consumer and still be a good deal for the dealership.
For $300, I got scheduled maintenance AND tire maintenance. Normally I pass on all that extra junk but I was in the dealership forever negotiating and the guy kept at me and kept dropping the price. I finally told him that I'd buy it at $300 if he would just stop asking me about it. Don't know if it was worth it but it is nice to take my car in and walk away without having to settle up.
QUOTE (Kynos @ Aug 15 2011, 01:11 AM) index.php?act=findpost&pid=490961
Congrats on the car by the way!!! :00000732: As a college student, you have been lucky enough early on to find a car that will be hard to beat!! If you have the money, and if the $800 covers ALL scheduled regulalr maintenace by your dealership? I would go for it, as you never know how much prices may go up in 3 years time! And added to a finance charge... may not be noticeable.
COngrats again, and good luck.
Hard to say... I do know that "most" hyundai dealers do more than the "10 Minute oil change" offered by quick lube places, by doing a full inspection of tires/brakes/fluids etc...so it may be worth it..
Congrats on the car by the way!!! :00000732: As a college student, you have been lucky enough early on to find a car that will be hard to beat!! If you have the money, and if the $800 covers ALL scheduled regulalr maintenace by your dealership? I would go for it, as you never know how much prices may go up in 3 years time! And added to a finance charge... may not be noticeable.
COngrats again, and good luck.
Ok so the short answer is, it's up to you, and depends on how you feel about extended warranties. Although this is not an extended warranty, this is an additional cost outside of the vehicle price.
My beyond .02 is...
We bought the prepaid maintenance for my wife's Ford Edge. That plan is AWESOME. It covers, tire rotations, oil changes, air filters, cabin air filters, wiper blades, brake pads (not rotors), and even shocks. I priced all the services independently and this seemed to be reasonable.
So, I went looking for something similar for the Sonata. As far as I could tell there isnt anything that extensive. What I bought was Vehicle Care from Hyundai. You pick the mileage to limit, and interval, and tires and oil, or just oil change and that's it...
I dont have the specifics but I realize I overpaid on the services. However my dealer also gives you a service coupon booklet for $25 off each severe mileage interval service. I negotiated that since I was already paying for tires and oil change service that I should be able to keep this too. So each visit I give them 1 coupon from vehicle care, and 1 coupon from their service dept. They have said I could accumulate the service coupons to use for anything they do like purchasing tires, or fluid flushes. So in the end, they're subsidizing my maintenance up to 60k miles.
Not bad in my opinion.
Good luck.
My beyond .02 is...
We bought the prepaid maintenance for my wife's Ford Edge. That plan is AWESOME. It covers, tire rotations, oil changes, air filters, cabin air filters, wiper blades, brake pads (not rotors), and even shocks. I priced all the services independently and this seemed to be reasonable.
So, I went looking for something similar for the Sonata. As far as I could tell there isnt anything that extensive. What I bought was Vehicle Care from Hyundai. You pick the mileage to limit, and interval, and tires and oil, or just oil change and that's it...
I dont have the specifics but I realize I overpaid on the services. However my dealer also gives you a service coupon booklet for $25 off each severe mileage interval service. I negotiated that since I was already paying for tires and oil change service that I should be able to keep this too. So each visit I give them 1 coupon from vehicle care, and 1 coupon from their service dept. They have said I could accumulate the service coupons to use for anything they do like purchasing tires, or fluid flushes. So in the end, they're subsidizing my maintenance up to 60k miles.
Not bad in my opinion.
Good luck.
QUOTE (Adamleefirsthyundai @ Aug 17 2011, 01:32 PM) index.php?act=findpost&pid=492125
I was never offered this in Canada... Maybe it is a dealer only add-on? if the dealership agrees to the program? I dunno... it is cool though..
I was never offered this in Canada... Maybe it is a dealer only add-on? if the dealership agrees to the program? I dunno... it is cool though..
QUOTE (Adamleefirsthyundai @ Aug 17 2011, 12:32 PM) index.php?act=findpost&pid=492125
I don't know what you paid for this plan but it doesn't cover much.. There is more about the towing etc. AND thats free for 5 years 60K miles when you purchase the car.
I got a 2012 GLS last week and in the closing room the guy offered 3 different plans, each was laid out with what my new monthly payment would be. The payment on my 3 year lease is $228 a month and for the "King Platinum" plan (yes, that's exactly what it was called as incredible as it sounds), which included fluid changes, tire rotation, loaner car, a few more useless items plus a one-time payment of $5,000 in case the car was ever totaled or stolen (that was a new one on me).
The sheet he threw in front of me said the monthly payment with King Platinum would be $307, which means that over the 3 years it would cost $2,844. I guess a lot of people that sit in front of this guy fall for it based upon his expression. He was incredulous that I wouldn't sign up for any of the plans. When I lowered my head and let my reading glasses drop down on my nose, he knew to end it there.
The sheet he threw in front of me said the monthly payment with King Platinum would be $307, which means that over the 3 years it would cost $2,844. I guess a lot of people that sit in front of this guy fall for it based upon his expression. He was incredulous that I wouldn't sign up for any of the plans. When I lowered my head and let my reading glasses drop down on my nose, he knew to end it there.
Should have told him you don't plan to do any maintenance on a leased vehicle. That always scares them. :wub:
I actually did know someone like that. Leased all his cars, never did a thing on them other than add oil when the oil light came on. And this was a guy that owned the Midas shop I worked at.
I actually did know someone like that. Leased all his cars, never did a thing on them other than add oil when the oil light came on. And this was a guy that owned the Midas shop I worked at.
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