AutoBrag Deal Of The Day: 2008 Hyundai Accent
This is our 108th AutoBrag Deal Of The Day. What we’ve done is searched through www.autobrag.com and discovered certain vehicles being sold for considerably less than market prices. Usually, the dealerships are using these “loss leaders” as a way to gain more business.
We found a 2008 Hyundai Accent GS 2dr Hatchback (1.6L 4cyl 4A) from Fitzgerald Hyundai of Gaithersburg
The lowest Internet Price: $8,688.00
MSRP: $11,470.00
ePrice: $8,688.00
Savings: $2,782.00
% OFF MSRP: 24.25 %
Why Is This The AutoBrag Deal Of The Day:
The average wholesale price for a used 2007 Hyundai Accent GS 2dr Hatchback with 24,600 miles (average) is $8,500.00. If you were to buy this new car at sticker price of $11,470.00, after one year, your depreciation would be roughly 25.89% of the vehicle’s value or $2,970.00 over the 12 months or $247.50 per month. That does not even include the money you lose on sales tax and registration!
If you were to buy this specific 2008 Hyundai Accent GS 2dr Hatchback for $8,688.00, you would be able to drive it for one year and trade it in or sell it at wholesale market for $8,500.00. That means that you would drive a new car for one year and pay $188.00 or $15.67 per month (not including taxes and fees). The depreciation for the period of one year would be 2.16%.
If the car was sold via private party the price would be about 5%-10% higher than wholesale. That means that you probably would sell this car for about $8,925.00 (5% over wholesale) to $9,350.00 (10% over wholesale). That means that you would drive a new car for one year and have a proffit from $425.00 to $850.00 or per month that would be $35.42 to $70.83 (not including taxes and fees).
Using AutoBrag’s Deal Of The Day, the Dealer eats 93.67% of year one’s depreciation based on wholesale market for the same vehicle.
For disclosure purposes WE DO NOT receive compensation from Fitzgerald Hyundai of Gaithersburg; we are just trying to save car consumers time and money.
