Always on the lookout for new promotions, this month Hyundai has its Factory Authorized Clearout! This amounts to different discounts on different cars but the one that caught my eye was $2,000 off an Elantra GT, since this is only about a $20,000 car that is a significant discount. But as I have said before and will undoubtedly say again, if it seems to good to be true it normally is.
Fortunately I had costed one of these vehicles last month in the Elantra GT, GL trim. At that time there was a $750 discount but more importantly a 0% interest rate up to 7 years. As of today the 7 year rate or for that matter five year rate is 2.99% which means you basically pay the same as last month and in some cases $5 or so more per month. So there actually is no deal unless you have some cash hanging around in which case you will save over last month.
Also worth noting is that there are no changes in Civic deals this month but rates are relatively low at 1.9% over 84 months and over at Mazda they are offering $3,000 off cash purchases on Mazda 3's and 0% up to 84 months.
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