Auto News – Daily Last Auto News

You’ve acceptable heard that a new car loses its amount as anon as you drive it off the lot. That may be true, but Hyundai is searching to accommodate new car shoppers with some reassurance. The automaker arise a trade-in amount agreement affairs yesterday. Autoblog reports, “The move avalanche beneath Hyundai’s wide-spanning Assurance business scheme, and will accord buyers a solid amount to actuate what their car will be account two to four years down the line.&rdquo.

The affairs lets buyers apperceive absolutely what their car will be account amid 24 and 48 months of ownership, and guarantees that amount if they adjudge to barter it in on a new Hyundai during that time. Hyundai is aswell putting the trade-in agreement into aftereffect quicker than you ability think. “The affairs will be activated to all new cars purchased on or afterwards May 1, 2011 at no added amount to consumers,” says Hyundai in a columnist release.

The new agreement will acceptable accumulate shoppers added abreast if they’re chief whether to buy or charter a car. Beneath accustomed circumstances, it’s difficult to put an exact amount on how abundant a new car will depreciate. “Depreciation is a big unknown,” John Krafcik, CEO of Hyundai Motor America told the Detroit News. “It’s like giving one of the big allowances of leasing, but you’re still owning the car.”

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