posted 5 years ago

Hyundai Trade and Upgrade Scheme

Cash savers take note. The Hyundai Trade and Upgrade Scheme is tempting motorists to break-open their piggy-banks.

Cash savers take note. The Hyundai Trade and Upgrade Scheme is tempting motorists to break-open their piggy-banks. It is essentially a guarantee to offer buyers a minimum part exchange value for their old vehicles – assuming they satisfy certain conditions. Qualifying trade-ins must have been registered between July 1st 2001 and September 31st 2004, have covered 100,000 miles or less, be insured, taxed, and have at least fourteen days remaining on the MOT. They must also be free of major mechanical faults and damage.

As such, motorists who upgrade to an i10 Classic receive at least £1,500 for their old vehicles. This rises to a useful £1,700 for the i10 Active and Style versions. Those who prefer the i20 get at least £2,000 - and climbing aboard an i30 guarantees a minimum trade-in of £3,000. That sounds rather tempting. The Hyundai Trade and Upgrade Scheme is available throughout the range, with the exception of the ix20, ix35, and the Santa Fe.

Let us consider an example. Leonard is a six-foot nine inch bouncer who owns a pocket- sized Nissan Micra 1.0. What luxury. His 2002, 90,000 mile example, has a normal trade- in value of £700. Leonard now fancies some extra room for his lengthy legs, so orders the larger Hyundai i30. Despite the Micra being worth less than the contents of its glove-box, Leonard is offered £3,000 for his old car. Great, assuming he pays a fair price for the i30.