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2007 Hyundai Cars: What's New For 2007




(1) The 2007 Hyundai Sonata





The 2007 Sonata is the smaller of Hyundaiís two midsize sedans. It comes in three models: a) The Sonata Limited trim is the top-line model and has a 235-hp V6 and 5-speed automatic as well as heated front seats, automatic climate control and fine leather upholstery. b) The Sonata SE also has a 235-hp V6 and 5-speed automatic. c) The Sonata GLS has 162-hp 4-cylinders and a choice of either 4-speed automatic or 5-speed manual transmission. All models are equipped with ABS and traction/antiskid control as well as front-side and curtain-side airbags.





While the old version reminded many car patrons of a Jaguar in terms of style, the 2007 version looks even better, with a front lamp that resembles an Audi and a backside that looks like an Accord. The thin roof pillars and the driver's upright position also contribute to its esthetic value. The 2007 Sonata is also bigger, sharper and more technologically advanced version than the 2006 model. Overall, the Sonata's advantage over other cars of its class such as the Honda Accord, Toyota Camry and Nissan Altima is that it combines comfort, spaciousness, sophisticated design and reliable performance as well as a reasonable price.





(2) The Hyundai Accent





The new, completely re-designed 3-door Hyundai Accent hatchback is a welcome addition to the 4-door sedan introduced in 2006. Compared to the sedan, the Accent is a sportier ride in terms of both appearance and performance. It also boasts of side-curtain airbags, which are a rare feature in vehicles of this size and price range.





The 2007 Accent has superb handling, an attractive Euro style hatch and a strong safety kit. Sold in GE and SE trims, the Accent looks small on the outside but is surprisingly roomy inside, both front and rear. Its excellent fuel economy makes it an ideal choice for urban drivers, especially in places where gas costs as much as $6/gallon. Many have commented that the Accent 3-door 2007 model is even more attractive than the 4-door 2006 Accent sedan unveiled last year. The 2007 model brings back memories of the 3-door Honda Civic CX hatch from the mid-nineties or the Opel Corsa from General Motors which is so popular these days in Europe.





(3) The Hyundai Elantra





Many automotive industry observers consider the 2007 Hyundai Elantra a worthy challenger to the subcompact sedan field, which features the likes of the Honda Civic, Toyota Corolla and Nissan Sentra. It is competitive in terms of safety, spaciousness and overall driving experience and may have a slight advantage in value and warranty coverage. However, its conservative styling needs to catch up with the rest in this field.





The 2007 Elantra has airbags galore both in the front seat-mounted and roof-mounted side curtains, and that's for both front and rear seats. It also has antilock brakes and four-wheel-disc brakes that are far better than the disc brakes in front and drum brakes at the rear of its competitors.





(4) The Hyundai Tiburon





The Tiburon has been restyled for 2007 and now features lower-placed headlamps, a hallmark of the more mainstream Japanese models, as well as revised taillights and chrome exhaust tips. It also has a new sheetmetal frame with a more wedge-like, mainstream look that is a far cry from the odd-looking and curvy Tiburon model first introduced in the US in 1997.





The handling of the top-of-the-line Tiburon SE has likewise been streamlined to make it smoother and more appealing to enthusiasts.





(5) The Hyundai Santa Fe





With a car's unibody construction instead of a regular truck's traditional body-on-frame construction, the Hyundai Santa Fe is more like a "crossover SUV." The 2007 version has been completely redesigned and is now bigger and better, boasts of more power, bigger legroom and a more sophisticated style.





Unlike last year's model, the 2007 Hyundai Santa Fe blends naturally into the suburbs. Its brand-new third-row seating allows the 2007 Santa Fe to accommodate up to seven passengers. It also offers improved fuel economy and power, whether itís the GLS, SE or Limited trims.





(6) The Hyundai Azera





This year's Azera has benefitted from minor changes in the interior details to increase its aesthetic value. It is actually a carryover from last year's model and features the standard 3.8-liter, V6, 263-horsepower engine and 5-speed automatic transmission with overdrive. This 4-door, 5-passenger family sedan is available in 4 trims, ranging from the SE to the Limited XM.





(7) The Hyundai Tucson





The Tucson is another of Hyundai's highly-regarded cars for 2007, especially since the 2006 Tucson captured the prestigious J.D. Power and Associates award for "Highest Ranked Multi-Activity Vehicle in Initial Quality" despite being only in its second year of production.





Based on a study of over 63,000 new car owners, the Tucson, on the average, outperformed its competitors in the Multi-Activity Vehicle (MAV) segment in six of eight categories. Overall, Tucson recorded scores that were 23 percent better than the category average. It also received high marks for its safety technology, electronic stability control, curtain airbags and for offering a choice between front-wheel drive and four-wheel drive.





(8) The Hyundai Entourage





In terms of standard safety features, the Hyundai Entourage is head and shoulders above the other minivans available in the market today It is no surprise that the 2007 Entourage garnered the Insurance Institute for Highway Safetyís highest and best crash test rating ever for a minivans.





Among the Entourage's safety and comfort features are six airbags, standard ABS, standard Electronic Stability Control and standard active head restraints. In addition, the Entourage boasts of lots of space to spare, including seating for seven and huge cargo space.


Used Car Prices: What's My Car Worth? Myths And Facts




What’s my vehicle worth? What a question! I wish that after 20 years in the automotive industry there was a simple answer. One would think that with all the information available it would make prices and values easier to obtain. In fact, in many ways, the numbers are more unclear than ever.





The following e-mail conversation regarding retail car prices and trade-in values highlights the confusion and misconceptions about automobile price and value.





This conversation occurred between me/Ted, the dealer, and Rich, the customer...





[Begin Email]





[Ted]





Hi Rich...





Donna loves the 2006 Volvo. It’s a perfect fit!





Again retail value is: $23,800





Here's what Medway Imports can do:





2006 Volvo S40 Price.............$18,995





2001 Chevy Impala Trade-In Value…........$4,000





Thanks Rich!





Note: the Volvo is still under its factory 4-Year 50,000-mile warranty, free road side assistance…etc.





[Rich]





Hi Ted,





Thanks for the information. The Volvo certainly is a great price, but isn’t my Impala worth $6,000-$7,000?





Kelly Blue Book lists the private party value at approximately $7,995. I know that does not mean it will sell for that amount. However, most of the ads that I have been seeing reflect a range of $7,000 to $9,000.





I would guess that based on the retail prices, the actual sale price would be discounted by $1,000-$1,500. That would mean a reasonable expectation would place the value at $6,000-$7,000.





[Ted]





You’re right Rich…$6,000-$7,000 is certainly a reasonable "retail value" for the Impala, but research shows it’s actually only selling for around $4,000.





Interestingly, based on your math of knocking $1,000-$1,500 off private party bluebook would put the 2006 Volvo at a "reasonable" price of $22,800, as it retails for $23,800 to $24,500 depending on which source you use.





The facts are, however, neither the Impala nor the Volvo will sell for these retail values—not in today’s market anyway.





[Rich]





I can lease an Infiniti which would probably cost me less on a monthly basis. My partner just leased a 2007 loaded Infiniti for 39 months, (78,000 miles) for $558.00 month. Cap reduction was only $595.00.





I'm guessing that I could lease the same car for 3 years with 36,000 miles for no more than $400/month.





They’re also willing to give me $7,000 for my 2001 Impala.





I'd appreciate your thoughts!





[Ted]





Hi Rich…





Your guesses “might” be close; however, this is a classic example of the confusion surrounding trade-in values and the actual vehicle worth.





That $7,000 they will pay you is called a "feel good" number. Dealers use it all the time, and then whack you on the retail sale end of your new car.





In other words, as a dealer, I will gladly give you $7,000 for your Impala provided you’re willing to pay $22,800 or more for the 2006 Volvo….as you can see, based on these numbers, you'd spend more.





It’s stunning how often people fall into this trap every single day based off of blue-book-type retail numbers.





For an interesting discussion on car values, check out the article on bluebook pricing @ http://www.repairtrust.com/articles_kelley.html. It's eye-opening!





The facts are, however, we as a retail dealer are not likely to get $22,800 for the Volvo even though the book says it's reasonable. Book values, or the values placed on vehicles by websites are guides based heavily on opinions and averages. Go to seven different websites and you'll get seven different values.





If you’d like, I can get you any used car you want at a great value like the Volvo…but I'd still only be able to pay $4,000 for the Impala.





Since we don't use manipulative "feel good" numbers to inflate the trade-in value by increasing the sale price of the Volvo, it appears as if we're offering too little for the Impala.





In actuality, the numbers are dead on. $4000 is a real number!





Note...none of this is a sales pitch, but the straight deal on the "value" of the Impala in the real world. This is not to say that you couldn't sell it for $7,000, provided you want to do the footwork—advertising, replace the bald tires, service and recondition it, fix the rear seat...etc.





In short, what makes up the value of a car is incredibly complex and variable.





What I wouldn't want you to think is that you're being low-balled on the trade-in price. What is happening, and it’s the only way we’ll do business, is that you are being given a "real value" and a "fair value" for your Impala.





The short answer to all this is that you're getting a square deal on both ends—even though it may not “feel” like it with the Impala.





[Rich]





Hi Ted, if I had to finance approximately $14,000 for the Volvo, my monthly payment would be around $430/month (3 years @ 7%). I think that I may be more inclined to lease a 2007 loaded Infiniti, which would probably cost me less on a monthly basis.





[Ted]





Hi Rich…





Leasing has many positives; however, at the end of 3 years the value of the Infiniti to you would be $0. The residual value of the 2006 Volvo S40 is $9625.





One of the major downsides of leasing is that at the end of the lease…you have NO equity.





I will not in anyway be offended if you choose to lease, or buy somewhere else. What I know, and what I can do for you is get you a great "value" for your dollar.





$18,995 for a vehicle that is priced $4805 under the low value of $23,800 is a great value.





$4,000 for an Impala that needs $1,000 or more in reconditioning is a real price.





In short, you can't buy wholesale and expect to trade in for retail.





Interestingly, the current wholesale price of the Volvo is $19,000 to $20,000. In other words, I couldn’t even buy this car right now for $18,995.





Those are my thoughts.





I hope this helps in your decision making process.





[End Email]





As you can tell from this conversation, the perception and the reality of used car prices is very different. This article illustrates that pricing used cars must be done in context. An arbitrary number set by a website or book distorts the real-life values for the car buyer and the seller. These "values" make everyone distrustful, uneasy, and confused. The auto industry doesn't need any more of this!





-Ted Olson



Medway Imports...



Making sense of Used Car Prices