The New Car
Jan. 3rd, 2010 01:48 pm2009 Hyundai Elantra, 2.0-liter, 4-cylinder, 138-horsepower CVVT ULEV
Blue Book new: $18.2K (invoice) $1.0K (MSRP)
used: $16.4K (excellent condition)
Okay. I admit that the Hyundai Elantra was not my "dream car" or first choice. However, it was what was available and the options package was decent enough that it enticed me into buying.
According to the CarFax, (ATTC) this 2009 car had two owners. I'm pretty sure a dealer drove it for the first 814 miles, from 04/28/09 through to 06/12/2009. First purchased on 06/12/2009 in Syracuse New York - person put a lot of miles on it... 9,631. Either it was someone with a regional job that involved a lot of traveling by car or something. They registered it as a personal vehicle and got an extended warranty service for the car with Interstate National Dealer Services. Long distance stealth cab service? They would have had to have driven the car for 344 miles every day during the time it was "out" for it to accumulate those miles... Wow.
Also ATTC, the next owner bought it... in Little Rock, Arkansas. Mileage at this point is 10,445 (which is how I guessed how much Owner 1 put on the vehicle). In the comments for the Arkansas DMV is something strange: "Title issued or updated New owner reported Registered as lease vehicle Vehicle repossessed." I'm guessing it was a lease vehicle that didn't actually get leased, b/c on 11/09/09 it was sold at Auto Auction in the Eastern Region and listed as a "fleet vehicle." It looks like Owner 1, moved from NY to AR, traded it in to a dealership in Arkansas and that dealership intended to use it as a leased fleet vehicle. So, in essence, it only had but one owner. Apart from all the dealerships that is. Hrm... Syracuse, NY to Little Rock, AR is about 1,200 miles. That's four round trips to AR with a little left over. One for the interview, a second for the house hunting or for a second interview, a third for apartment/house hunting, fourth for the actual move? Recent college graduate? Who knows.
I don't believe that when a dealership is the owner it registers with the great almighty CarFax as a separate ownership, unless it is (obviously) traded in and the dealership goes through the motions to use it as a leased fleet vehicle. This is because, according to CarFax: "When someone leases a car from a dealer, the dealer actually sells the vehicle to a leasing company. A leasing company can be an independent car dealer or a car manufacturer. Shell companies people. Which is why, when it is passed from dealer to dealer; 11/09/09, 11/13/09 (online listing), 11/15/09 (dealer inventory) and 12/29/2009 Hyundai Motor America, it doesn't show it as actually changing ownership.
To sum up: It first arrived at the NY dealership with 18 miles on it. Was test driven for two months until it had 814 miles on it. It was bought by Owner 1. In the next four months, 9,631 miles were put on the vehicle. In Arkansas, it was traded in and then "sold" to the leasing shell company of the dealership. Whereupon, in one month, it was bumped from Arkansas to Connecticut after a different dealer bought it at auction. It got another 17 miles put on it, possibly in test drives.
Then I bought it... after five hours at the dealership. (Does that qualify as torture?) A 2009 Hyundai Elantra GLS/SE. The only thing I regret is paying Blue Book value on the darn thing. I've got the remainder of the original 5yr, 60,000 mile warranty. It was a move of practical desperation. Dead car on Monday - "new" car on Tuesday.
Update: okay, I figured I paid less than blue book because of some of the added features I've got, but I haven't got it pinned down yet. Over $1K under blue book.
Opinions? Admonishments? After-the-fact-advice? Lay it on me people.
Blue Book new: $18.2K (invoice) $1.0K (MSRP)
used: $16.4K (excellent condition)
Okay. I admit that the Hyundai Elantra was not my "dream car" or first choice. However, it was what was available and the options package was decent enough that it enticed me into buying.
According to the CarFax, (ATTC) this 2009 car had two owners. I'm pretty sure a dealer drove it for the first 814 miles, from 04/28/09 through to 06/12/2009. First purchased on 06/12/2009 in Syracuse New York - person put a lot of miles on it... 9,631. Either it was someone with a regional job that involved a lot of traveling by car or something. They registered it as a personal vehicle and got an extended warranty service for the car with Interstate National Dealer Services. Long distance stealth cab service? They would have had to have driven the car for 344 miles every day during the time it was "out" for it to accumulate those miles... Wow.
Also ATTC, the next owner bought it... in Little Rock, Arkansas. Mileage at this point is 10,445 (which is how I guessed how much Owner 1 put on the vehicle). In the comments for the Arkansas DMV is something strange: "Title issued or updated New owner reported Registered as lease vehicle Vehicle repossessed." I'm guessing it was a lease vehicle that didn't actually get leased, b/c on 11/09/09 it was sold at Auto Auction in the Eastern Region and listed as a "fleet vehicle." It looks like Owner 1, moved from NY to AR, traded it in to a dealership in Arkansas and that dealership intended to use it as a leased fleet vehicle. So, in essence, it only had but one owner. Apart from all the dealerships that is. Hrm... Syracuse, NY to Little Rock, AR is about 1,200 miles. That's four round trips to AR with a little left over. One for the interview, a second for the house hunting or for a second interview, a third for apartment/house hunting, fourth for the actual move? Recent college graduate? Who knows.
I don't believe that when a dealership is the owner it registers with the great almighty CarFax as a separate ownership, unless it is (obviously) traded in and the dealership goes through the motions to use it as a leased fleet vehicle. This is because, according to CarFax: "When someone leases a car from a dealer, the dealer actually sells the vehicle to a leasing company. A leasing company can be an independent car dealer or a car manufacturer. Shell companies people. Which is why, when it is passed from dealer to dealer; 11/09/09, 11/13/09 (online listing), 11/15/09 (dealer inventory) and 12/29/2009 Hyundai Motor America, it doesn't show it as actually changing ownership.
To sum up: It first arrived at the NY dealership with 18 miles on it. Was test driven for two months until it had 814 miles on it. It was bought by Owner 1. In the next four months, 9,631 miles were put on the vehicle. In Arkansas, it was traded in and then "sold" to the leasing shell company of the dealership. Whereupon, in one month, it was bumped from Arkansas to Connecticut after a different dealer bought it at auction. It got another 17 miles put on it, possibly in test drives.
Then I bought it... after five hours at the dealership. (Does that qualify as torture?) A 2009 Hyundai Elantra GLS/SE. The only thing I regret is paying Blue Book value on the darn thing. I've got the remainder of the original 5yr, 60,000 mile warranty. It was a move of practical desperation. Dead car on Monday - "new" car on Tuesday.
Update: okay, I figured I paid less than blue book because of some of the added features I've got, but I haven't got it pinned down yet. Over $1K under blue book.
Opinions? Admonishments? After-the-fact-advice? Lay it on me people.