2015 Hyundai Sonata Buyers Get $500 Toward Down Payment With New Program


  • 2015 Hyundai Sonata Picture

    2015 Hyundai Sonata Picture

    Hyundai Motor America said it will instantly add $500 to the account of any consumer planning to save for and buy the redesigned 2015 Hyundai Sonata sedan through a new incentive program. | May 30, 2014

Just the Facts:
  • Hyundai Motor America said it will instantly add $500 to the account of any consumer planning to save for and buy the redesigned 2015 Hyundai Sonata sedan through a new incentive program.
  • The program is being done in partnership with BoostUp, a "social savings platform" that offers a free money incentive in exchange for the purchase of a product or service.
  • Hyundai said it is "creating more dynamic incentive capabilities to support new car purchases."

FOUNTAIN VALLEY, California — Hyundai Motor America said it will instantly add $500 to the account of any consumer planning to save for and buy the redesigned 2015 Hyundai Sonata sedan through a new incentive program.

The 2015 Sonata is at dealerships now.

The program is being done in partnership with BoostUp, a "social savings platform" that offers a free money incentive in exchange for the purchase of a product or service.

Hyundai said it is "creating more dynamic incentive capabilities to support new car purchases."

Participants create a free BoostUp account and automatically get a $500 credit toward the purchase of the Sonata. Then, the consumer makes deposits or receives contributions into the BoostUp account to save at least $500. When he or she is ready to buy, the funds will be transferred to the dealership.

The $500 Hyundai "starter boost" is considered a matching "earned" credit and can only be used once you have matching funds and your account has been opened for at least 30 days.

The 2015 Sonata starts at $21,960, including an $810 destination charge.

Competitors to the Sonata include the 2014 Ford Fusion, Honda Accord, Nissan Altima and Toyota Camry.

Edmunds says: The 2015 Hyundai Sonata debuted with a $300 price cut over the 2014 model and now buyers get a $500 incentive. Those are pretty good reasons for putting the midsize sedan on your shopping list.

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