2017 Genesis G80 Preview John Amato Hyundai Milwaukee

Hyundai’s new Luxury brand Genesis is launching its second model in the form of the Genesis G80 Sedan, coming soon to John Amato Hyundai Superstore Milwaukee

The G80 is not a completely new model as it is a rebadged version of the second generation Hyundai Genesis.

It will now be serving as the mid sized entry at Genesis instead of Hyundai.  It will join the Genesis full size entry of the G90.  Both of these models should be arriving at John Amato Hyundai Superstore Milwaukee in fall of 2016.

The Genesis G80 will be offered with two powertrain options at first.  One will be the familiar 3.8 liter V6  and the other will be the 5.0 liter V8.

The V-6 will deliver 311 horsepower and 293 pounds of torque.  The V-8 delivers 420 horsepower and 383 pounds of torque.  Both of these engines will come standard with an 8 speed automatic and rear-wheel drive.  The V-6 will have the option of the All wheel drive.

There will be no major differences between the G80 and the Genesis Predecessor besides a few tweaks to the lights.

The interior is refined and uncluttered.  It is spacious with a simplified switch-gear and instrument panels enables the driver to breeze thru and operate the various controls

The G80 is based on a rigid rear wheel drive platform and features high strength steel throughout.  A multi link suspension is featured at both ends and was honed on the Nurburgring.

The Genesis G80 will come with a long list of equipment including both convenience and safety features.  The list includes front seating with electronic adjustment and heating functions, 8 inch touchscreen display with navigation and smart phone integration of both AppleCarPlay and Adriod Auto.  Standard safety features will include automatic emergency braking, lane keep assist, blind spot detection and rearview camera.

Coming soon to John Amato Superstore Milwaukee in Fall of 2017

How much should my downpayment be for Car loan

So, you’re ready to buy a car. You’ve done your research, sold your old car and found the perfect set of wheels. Now you’re wondering how much of a down payment to make when you have bad credit. Most people you ask say 20%, and that’s usually right.

In general, it’s wise to make a down payment of at least 20% on that new car — if you can afford it. If you can’t hit 20%, get as close as possible. It will increase your chances of getting a loan on favorable terms, keep your monthly payments low and make it less likely that you’ll find yourself “upside down,” or owing more than the car is worth.

Twenty percent seems high, right? Many people do buy a car with less. The average new-car buyer put down just $3,502 in 2014, about 11% of the average new car price of $33,000. Used-car buyers put down even less. Six grand for a down payment may feel like a hefty chunk of change, so why shell out?

There are a lot of reasons:

  • You may get better terms on your loan, including a lower interest rate.
  • You’ll increase your chances of getting approved for a loan.
  • The monthly payment will be lower, and you’ll pay less in total interest over the life of the loan.
  • You’ll have more equity in the car, increasing your feeling of ownership.
  • It helps you avoid owing your lender more than the car is worth or more than you’d get from insurance if the car is totaled.
  • A higher upfront payment will help keep your overall debt level manageable — but keep market conditions in mind.

Lower interest rate

A substantial down payment signals to lenders that you’re committed to the car and therefore represent a lower-risk borrower, so some lenders will give you a better interest rate.

Better chance of loan approval

If your credit score is less than excellent, a large down payment can help you qualify for financing. “Keep in mind that buyers don’t necessarily need all the money in cash. Two common ways to bolster the down payment are with a trade-in vehicle or with a cash rebate on the vehicle’s purchase,” says Brian Moody, executive editor at Autotrader. If your FICO score is 670 or below, you’ll have a better chance of getting a loan from a bank or credit union if you can put at least 15% down, according to the auto website Edmunds.com.

Lower monthly payments

More money down means less to pay each month, and less interest paid over the life of the loan. “If you can’t secure low financing for whatever reason, making a bigger down payment — or buying the car outright — can save you significant money in financing costs,” says Jason Allan, managing editor for Kelley Blue Book’s KBB.com

More equity

The more you put down, the more equity you’ll have. One reason for the 20% benchmark: It’s about what a new car loses in value through depreciation in a year. “Depreciation is about 20.5% in the first year, so a 20% down payment essentially offsets the first year of depreciation,” says Ron Montoya, senior consumer advice editor at Edmunds.com.

Avoid being ‘upside down’ on your loan

If you make too small a down payment on a car, you could end up owing more than the car is worth. An extreme example: You’ve probably seen dealerships advertising zero-down deals. While these deals are popular, they can be risky.

With a 100%-financed deal, you’d owe more than the value of the car, because the loan would include the purchase price plus sales tax, interest and other fees. “If you put zero down, right off the bat the car is already worth less than the loan that you’ve taken out,” Montoya says.

That’s called being “upside down” or “under water,” and it’s financially dangerous. If you’re upside down, you may not be able to trade in the car if you want to buy a new one, or you may have to roll the amount you still owe into the loan for the new car. If you’re in an accident and your car is totaled, the insurance company’s payment — which is based on the cash value of the car — may not cover the full amount you still owe.

Keep debt level manageable — but consider market conditions

One final factor: Is it cheap or expensive to borrow money right now? When interest rates are high, you want to scrape up all the cash you possibly can to keep your loan (and the amount spent on interest) as small as possible.

But when interest rates are low, as they have been for several years, a smaller down payment can make sense. “When rates are low, even if you have money available to pay cash for the vehicle, the best option may still be to take out a loan. That allows you to keep the money, perhaps invested with a higher rate of return,” says Mike Buckingham, senior director of the automotive financial practice at J.D. Power.

If you can put your money to work and earn extra income from the investment, then a smaller down payment may be appropriate.

 

When it comes to car down payments, bigger is usually better. While many people put down less and do fine, the best strategy is to put down 20% or more if you can afford it. That will bring you lots of financial advantages to enjoy during your years of car ownership.

Hyundai Tucson And Azera takes Top Honors

Consumers Identified Vehicles as the Most Satisfying in Their Classes

FOUNTAIN VALLEY, Calif., June 13, 2016 – The 2016 Hyundai Tucson and Azera earned the top spots in the compact crossover SUV and large car categories, respectively, in AutoPacific’s 20th annual Vehicle Satisfaction Awards (VSAs).

“With many options in the compact crossover SUV and large car categories, we are proud the Tucson and Azera got the vote from consumers themselves for meeting their wants and needs,” said Mike O’Brien, vice president, corporate and product planning, Hyundai Motor America. “These vehicles took the top spot in owner satisfaction for offering better value, technology, safety and design.”

The VSAs are based on survey responses from more than 65,000 owners of new 2015 and 2016 model-year cars and light trucks. The annual survey measures owner satisfaction on 50 separate attributes. These awards identify the most satisfying vehicles on the market and are an industry benchmark which measures how satisfied owners are with their new vehicle.

“New car buyers have come to expect quality. These awards show how Hyundai is also focused on their customer’s needs and desires,” said Daniel Hall, vice president, AutoPacific.

The all-new 2016 Hyundai Tucson offers an edgy exterior design, a pair of fuel efficient drivetrains, and a stylish interior that is roomier than its predecessor. A host of advanced safety features are available, including a Lane Departure Warning system, Blind Spot Detection, Rear Cross-traffic Alert, Lane Change Assist, Backup Warning Sensors, and Automatic Emergency Braking (AEB). The 2016 Tucson also earned the Insurance Institute for Highway Safety’s (IIHS’s) 2016 TOP SAFETY PICK+ designation.

The 2016 Azera represents an advanced approach to the traditional premium sedan segment by delivering a powerful yet efficient powertrain, modern design, and luxury features combined with Hyundai’s consistently strong value proposition. Azera continues to offer customers the highest levels of luxury, performance, and efficiency, all brought together in an innovative design.

AUTOPACIFIC
AutoPacific is a future-oriented automotive marketing and product-consulting firm. Every year AutoPacific publishes a wide variety of syndicated studies on the automotive industry. The firm also conducts extensive proprietary research and consulting for auto manufacturers, distributors, marketers, and suppliers worldwide. Company headquarters are in Tustin, California, with an affiliate office in the Detroit area. Additional information about AutoPacific and the Vehicle Satisfaction Awards can be found on AutoPacific’s websites: www.autopacific.com and www.vehiclevoice.com.

Veloster Street Turbo for the enthusiast

Hyundai introduced the Veloster, its three-door, four passenger hatchback in 2012, with one trim and two optional upgrade packages.  But, today there is more to its line up including the Street Turbo model.

This is a limited edition release of this Veloster.  There is about a $1000 increase over the Veloster SR Plus the Street is based upon but will come with $3000 worth of extra value

 

The extra gear includes an 18 inch RAYS gam lights alloy wheels in a semi gloss black finish, black grille, spoiler, mirrors, side skirts and rear diffuser.  The interior will have blue highlights including seat belts and High Intensity Discharge Xenon headlights.

The result is that the Veloster Street Turbo looks like it has been given an aftermarket modification but still maintains and retains its full five year warranty.  It is a well executed look that lifts the Veloster to a new level of curb appeal.

The Veloster Turbo will still have some of the same equipment as the SR which includes six airbags, 7 inch infotainment touchscreen with navigation, 6 speaker stereo with sub woofer, Bluetooth, rear view camera, key less entry and ignition and panoramic sunroof.

The suspension benefits from the local upgrades, which includes a smaller front stabilizing bar and unique dampening spring rates.

 

Contact John Amato Hyundai Superstore in Milwaukee with any questions

The benefits of In House Financing at Amato Hyundai

When vehicle shopping in the Milwaukee area, you have many options.  But not all dealerships have In-House Financing like John Amato Hyundai Superstore.  This financing allows you to get into a vehicle sooner but also saves you money.

We offer a smoother Purchase Process –

Instead of spending extra hours or days trying to get approved for a loan thru an outside lender, In-House Financing ensures a quicker process with more benefits that include extended warranties and flexible interest rates.  It often means a shorter cut to owning a vehicle and driving it off the lot sooner than can be expected when going through an outside lending institution

 

Easier to Qualify –

For those with bad credit, in house financing at John Amato Hyundai Superstore, is more flexible with approvals.  It does not guarantee lower interest rates, but after a year of monthly payments made on time you are eligible to refinance.

More Flexibility –

At John Amato Hyundai Superstore, we have more flexibility and we are more accommodating.  We sit down and talk with you, work with  your budget and help  you re establish your credit.

Building Credit –

For anyone who has purchased a vehicle through our In-House Finance Department, we unlike other report to the credit bureaus.  Improving your credit score has long term benefits.  With better credit it becomes easier to obtain interest rates on future purchases.

 

 

Schedule your appointment today

What Does Hyundai Active Eco Feature Do?

In today’s vehicle market, many dealers have vehicle features that benefit the consumer.  But not all consumers know what the features do.  Today we will discuss Hyundai Active Eco Feature.

Active Eco Feature was first introduced to the market in 2011, it is in fact a performance feature that is located on the left side of the steering wheel.  It modifies your Hyundai Engine operation and transmission control by smoothing out throttle responses.  It creates a smoother, smarter accelerations which in fact leads to better fuel economy.

Some of the benefits of Active Eco is that by controlling the engine and the trans axle, it reduces RPM’s during normal driving.  After selecting the Active ECO button, most drivers can realize up to 7 % increase in fuel economy

Active Eco is available on the following models:

  • Accent
  • Elantra
  • Sonata
  • Tucson
  • Santa FE

Take and Active Eco Equipped Hyundai for a spin at John Amato Hyundai Superstore Milwaukee

 

Comparing the Hyundai Elantra GT vs Mazda 3

When choosing a sporty hatchback these two cars, the Elantra GT often comes in comparison to the Mazda 3.  Here are some tests and facts to help you choose the next vehicle that is right for you

Ride and Handling Test –

The Mazda 3 was once placed as the best driving vehicle in its segment, with its set up of chassis, steering and brakes. It was often labeled as fun to drive but often with a rough ride.

The Elantra’s suspension delivers a balanced ride, which is marked improvement over the past versions of the car.  This year Elantra took care of the wind and road noises in its cabin.

Power of the vehicle – 

The Mazda3 and Elantra GT both have a 2.0 liter 4 cylinder engine.  But when you focus on the horsepower, the Elantra comes out on top with 173 HP, which is 18 more than the Mazda.  Both are equipped with a 6 speed automatic, in which the Mazda comes ahead for quicker up shifting.

Interior Room Design – 

The Hyundai Elantra Gt offers a more stylized layout , which mimics the Hyundai Sonata.  For seating comfort, both vehicles came out equal for comfort and situated drivers positions

 

The Money for the Value – 

The value for the options is the Hyundai Elantra GT .  It mazes out at $28000 which comes exclusive with features like the heated steering wheel, heated and ventilated rear seats, and of course America’s Best Warranty of the 5 year comprehensive and the 10 year power train warranty.

 

Test drive your GT today at John Amato Hyundai Superstore  Milwaukee 

 

Steps to get a Vehicle loan with bad credit

No matter what the reason is, having a Bad credit score can make it challenging to qualify for a car loan.  Because of a low or bad credit score, you as a consumer pose a greater risk to lenders than buyers who have great credit.  Even when you have bad credit, it is important to reach out to a reputable dealership who specializes in financing options for customers in  your position.  John Amato Hyundai Superstore in Milwaukee, WI has specialized in this since 1980

There are a few steps to follow to make it easier

  • Ask  yourself what are your vehicle needs not wants –  Are you purchasing a vehicle because you need a mode of transportation, or is it because you want to upgrade your vehicle?    Before you start your vehicle shopping, take a look at your current situation.
  • Check your Credit Score  You are allowed to check  your free credit report once every 12 months.  See for yourself what your credit report is.  Take a look at what has affected your score.  This way you understand when speaking to the finance manager you understand your report and what has positively or negatively affected your credit rating.
  • Limit your search to a 2 week time-frame – Once your credit is submitted it is only good for a short period of time to the lenders.  If you let that time expire you will have to start the process over which will negatively effect your score.
  • Look at newer vehicles vs older ones – You may want to only take out a $5000 loan thinking this will be positive way to quickly pay back.  Lenders look not only at the cost but also year, mileage and condition of vehicle.  This is their collateral for the loan and if it is an old vehicle with high miles they do not look positively as a risk they wish to take.
  • Consider a Cosigner – Depending on the situation, getting a cosigner for a car loan might be your best option to get a reasonable rate.  Consider looking for a cosigner if any of the following apply to you:
    • Your income is lower than the minimum requirement for an auto loan
    • You have bad credit
    • Your debt to income ratio is too high to qualify for an auto loan

 

Schedule an appointment at John Amato Hyundai to discuss your options

 

 

 

 

Hyundai Genesis Standard of Luxury

The new standard of luxury is here.  The Hyundai Genesis in now available at John Amato Hyundai Superstore in  Milwaukee, WI.  Packed with a number of luxurious details and features and  top notch safety features.  Equipped with dozens of advanced safety features, including Hyundai innovative driver assistance technologies, the Genesis stands out

Here is a list of a few of the safety features:

  1.   Automatic Emergency Braking – Using a combined system of a camera and radar sensor, the Genesis monitors the vehicles ahead.  If the system detects a potential collision, and the driver does not react, the Automatic Emergency Braking instinctively kicks in.  If a crash is imminent with no driver response, the system can even apply the vehicle full brakes , stopping power from 5 to 50 mph
  2. Lane Departure Warning with Lane Keep Assist – When traveling at speeds above 44 mph, Lane Departure Warning will alert the driver when they begin to drift outside of their lane without signaling.  If the driver does not respond to the gentle steering wheel vibration alert of a visual cue, Lane keep Assist will apply corrective steering assistance to guide the vehicle back into its lane.
  3. Blind Spot Detection with Rear Cross Traffic Alert –   Using an advanced radar system, the Hyundai Genesis constantly monitors the vehicle’s surrounding areas.  When the system detects the vehicle has enters the driver’s blind spot, it will provide both and audio and visual alert.  When the Genesis is in reverse the system scans for objects in the vehicle’s rear cross path and will alert the driver with the same cues should an object be detected.
  4.  Smart Cruise Control –  With Smart Cruise Control on the Hyundai Genesis, the system automatically adjusts the vehicle’s speed to maintain the driver’s pre-selected distance from the vehicle ahead.  Should the vehicle come to a complete stop, the stop/start technology allows the Genesis to come to a complete stop and then automatically start moving forward again if the vehicle ahead begins moving forward within 3 seconds
  5. Heads-Up Display –   If luxury is what you seek, look no further than its Head-Up Display.  Using a system of lasers, this feature displays all of the vehicle’s pertinent information on the windscreen.  Speed, navigation, Lane Departure Warning, and Blind Spot Detection all conveniently located.

Come see The Genesis today at John Amato Hyundai Superstore

We serve Milwaukee, Waukesha, Ozaukee, Racine, Kenosha.  Click here to see our inventory

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2017 Hyundai Santa Fe Sport Milwaukee

Looking for a sharp SUV inside and out.  Check out the 2017 Hyundai Santa Fe Sport at John Amato Hyundai Superstore in Milwaukee.

The 2017 Hyundai Santa Fe Sport is sized between the three row Santa Fe and the Tucson.  This year’s Sport takes a little from each model to round out its potion as Hyundai’s popular 2 row SUV.

Despite being mechanically unchanged from last year’s model, this year it received new front fascia, headlights, trim panels, taillights, rear fascia and more.

In total the design has matured in the Santa Fe Sport into something closer to the redesigned Tucson.   The Sport is still rated the best looking of the Hyundai crossover SUV trio.  It has hexagonal grille bracketed in place with coordinated fog-lamps trimmed with LED lighting.  The side sills stand out in relief up and over the rear wheel wells, and the rear door handles sit will back of the rear wheel openings.

The interior of the Sport is further refined from the previous years.  Hyundai is stuffing the Santa Fe Sport with more available technology.  Which includes an available 8 inch touch screen  and electrolunenescent gauges

The base engine that comes in the Santa Fe Sport is a 2.4 liter inline 4 that is also used in the Hyundai Sonata.  The engine makes 185 horsepower.  It is equipped with a direct injection that is paired with a 6 speed automatic.

In terms of SUV size, the 2017 Hyundai Santa Fe Sport is in the middle of the pack when compared to other SUV in its class.  It is close in size to the Honda CRV, Toyota RAV4, Jeep Cherokee and Chevrolet Equinox.  It does have a slightly larger wheel base than the Ford Escape.

The Santa Fe Sport has more room than most of its rivals.  It has great leg room and knee room for the taller drivers.  The seats have sufficient bolstering on the bottom cushion and well shaped backrests.  Power seat is standard on most versions.

The rear seats splits and folds to flex in its available space.  The seats fold into a 40/20/20  which means that the middle section can give way to narrow objects without losing seating space.

 

Test drive your next SUV at John Amato Hyundai Superstore Milwaukee