posted 5 years ago

Hyundai Trade and Upgrade Scheme

The Hyundai Trade and Upgrade Scheme is tempting motorists to reach for their chequebooks.

The Hyundai Trade and Upgrade Scheme is tempting motorists to reach for their chequebooks. It is a guarantee to offer buyers a minimum part exchange value for their old vehicles – assuming they meet certain conditions. Qualifying trade-ins must have been registered between January 1st 2001 and March 31st 2004, have covered 100,000 miles or less, be insured, taxed, and have at least fourteen days left on the MOT. They must also be free of major mechanical faults and bodywork damage. That sounds fair enough to me.

The Hyundai Trade and Upgrade Scheme is available throughout the range, with the exception of the ix20 ix35, i800, and the Santa Fe. As such, motorists who upgrade to an i10 Classic receive at least £1,500 for their old vehicles. This rises to £1,700 for the i10 Active and Style versions. Those who order an i20 get at least £2,000 - and sliding into an i30 guarantees a minimum trade-in of £3,000. Van lovers receive £2,300 against an iLoad.

Let's consider an example. Gentle George is a six-foot eight inch wrestler who owns a pocket-sized Daewoo Matiz SE. His 2002, 80,000 mile, example has a normal trade- in value of £495. George now fancies some extra room for his lengthy legs, so orders a spacious Hyundai i30. Despite the Matiz being worth less than the fuel in its tank, George receives £3,000 for his old banger. Great news, assuming he pays a fair price for the i30.