Hyundai

The current rebates are significant enough that, if you have been considering a Hyundai, this could be a good time to buy. These are some of the best deals out there right now. For example, the highly rated Hyundai Genesis now has a $1250 rebate, making it a good buy.

Let’s take a look at the current Hyundai deals:

$1000 rebate – Hyundai Tucson, Azera, and 2010 Genesis

$1250 rebate – 2009 Hyundai Genesis

$1500 rebate – Hyundai Accent, Elantra Touring

$2000 rebate – Hyundai Elantra, Santa Fe, Sonata

If you can find dealers who still have left over 2008 models, you can get even larger rebates. For example, a $4000 rebate comes with the 2008 Hyundai Entourage and Hyundai Veracruz, $3500 on the 2008 Santa Fe, and $3000 on the 2008 Tiburon and Sonata, and $2500 on the 2008 Azera.

Be reminded that these rebates come from manufacturer, not out of a dealer’s pocket. Regardless of the rebate, you can still negotiate additional price discounts, called “dealer contribution.”

You can get free price quotes on any of the above cars from Edmunds.com. The quotes will automatically include any cash-back rebates or discounts that are currently available.

Plus , there’s an additional $750 rebate if you finance through the dealer’s “captive finance company, Hyundai Motor Finance Company.

All these deals expire 3/31/2009 but will likely be replaced after April 1 with other good deals. However, we can never know if the new deals will be better than the old deals.

There is also a $239 a month special lease deal on the Hyundai Elantra Touring model.

Even the new “Car of the Year” 2010 Hyundai Genesis, which competes with BMW, Lexus, and Mercedes (at a much lower price) is being offered with a good lease deal ranging from $329 a month to $399 a month, depending on specific model. These are 36 month leases, 12K miles per year, and no security deposit. However, there is a modest down payment required to get these deals.

If you want a 2008 model, you can get $4000 cash-back on the Hyundai Veracruz and Entourage, $3500 on the Santa Fe Limited, $3000 on the Tiburon and Sonata, and $2500 on the Tucson and Azera. What’s the catch?  None, except that dealers might not have the exact car you want since these are leftover new models and supply might be limited. But if you are flexible, you might just find a great deal.

Get more details about Hyundai deals, get specifications, and owner reviews at Edmunds.com.