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Mitsubishi Eclipse or Hyundai Tiburon?

tharltharl Posts: 1
edited March 28 in Hyundai
Looking to buy a 2003 Eclipse or Tiburon. Hyundai offers a better warranty, but the Eclipse seems a little more solid of a car. Price difference is maybe $2,000. Any advice or comments?
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Comments

  • revkarevka Posts: 1,750
    While you're waiting here for feedback, you should try plugging these two vehicles into Edmunds' Side-by-Side Vehicle Comparison tool. Good luck with your decision.


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  • nippononlynippononly SF Bay AreaPosts: 12,687
    I have compared the interiors of the two, and they are very similar. However, if you are looking for a long-hauler, I would go with the Hyundai. Mitsu is not exactly famous for the long-term reliability of its products. And you can get more features for the same price in the Tib. Definitely go with the V-6 though! I found the 4-cyl to be really slow.

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • I purchased the Tiburon GT with the Ultrasports 2 package. I'm quite pleased with the car after owning if for two weeks. I had owned a 2000 Camaro Z28, but couldn't deal with the lousy gas milage and the inability to drive it in the rain or snow.

    The car had more than adaquate acceleration and it handles really well. The interior is a little sparse, but sporty. The seats may seem hard at first, but on long trips they are extremely comfortable and supportive.

    My only complaints....torque steer and slightly numb steering. The car's handling limits are far beyond what the steering communicates back to the driver.

    I'd recommend a Tiburon to anyone looking for a sporty little coupe. You should test drive both and see which one you like better.
  • nippononlynippononly SF Bay AreaPosts: 12,687
    a lot of the "professionals" complain about on that car is the numb steering - it seems it is really true...Hyundai should get working double-quick to fix that...

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • I have owned an Eclipse for two years and a half and I love the car. Everytime I drive it, it gives me a great feeling. It has over 65,000 miles on it and I haven't had to put more than $400.00 into the car. This includes new brakes and a problem I had with a spark plug misfiring. The paint holds its luster if you take good care of it. I had also owned a Montero that I sold with 120,000 miles on it. I never had to replace a thing on it. About the Hyundai, I have never have driven one, but I hear that in order to keep that "great" warranty, you must follow all recommended scheduled maintenances that must be performed by Hyundai. Don't take my word for it because I am not 100% sure, but I heard from a friend who has a friend that owns one.
  • csandstecsandste Posts: 1,866
    "I hear that in order to keep that "great" warranty, you must follow all recommended scheduled maintenances that must be performed by Hyundai. Don't take my word for it because I am not 100% sure, but I heard from a friend who has a friend that owns one."

    If they did that they'd be in violation of federal law unless they paid for all parts and labor. I get my Elantra's oil changed at Wal-Mart, as long as I have receipts I should be OK.
  • nippon: Hyundai isn't famous for their long-term reliability either. Eclipses are probably no worse than the Tiburon. The Hyundai does have a better warrany but who really keeps their cars past 5 years anymore? You can get a V6 Eclipse for $23,500 with absolutely everything on it and then you can choose to take another $1250 off or you can take Mitsu's deferred payment til 04 financing. What kind of finance deals does Hyundai have for the Tiburon?
  • nippononlynippononly SF Bay AreaPosts: 12,687
    Mitsu: 30 years of making products for the American market.

    Hyun: 15 years, during which there was a lapse of a few years.

    Mitsu has had a long time to get it right, and seemed to go downhill instead of up in the 90's. Hyundai is too new to tell, so they could still be worse, as were the 80's Excels, but they are an UNKNOWN as opposed to a KNOWN.

    Can't you get a V-6 Tib with everything on it for under $20K?

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • jocko9jocko9 Posts: 65
    Anonymousposts: "Who really keeps there car more than 5 years anyway?" Well, myself and my wife for two people and just about everyone else we know. Actually the average age of automobiles on the road is about 10 years. So we are talking about a lot of 1993 models still being driven.

    Nippon: Yes, you can get a fully equipped V-6 Tiburon for about $19,000 or so. That's about $4,000 to $4,500 less than a similarly equipped Eclipse. That's a significant difference between the two models. Perhaps paying that $4,000 is worth it to some folks so they can drive a Mitsu. But given that the quality difference between the two manufacturers is about even at this point, why bother paying that much more?
  • There are some people who do keep their cars for 5 years or more but I would bet that the majority gets rid of them on the 60th payment or before. And it may very well be true that the average age is 10 years old but that doesn't mean that people are keeping them for 5 years or more. Somebody can buy a 93 Camry trade it 6 months later for a 94 and so on.

    An Eclipse is about $2,000 more. Not quite $4500. And you can get 0.0% financing on the Eclipse if I'm not mistaken or at the very least you can get deferred payments til '04 which would give you some time to put those payments in the bank so you could make a lump sum payment and cut your interest. I really don't prefer either car over the other I'm just playing devil's advocate.
  • jocko9jocko9 Posts: 65
    Someone I work with purchased a V-6 Tiburon for $19,000 loaded. Sorry, but that's $4,500 less than the $23,500 you stated for a V-6 Eclipse. That's a big difference in price. Plus you get a much longer warranty with the Hyundai. If you want to pay that much more for essentially the same type of vehicle, go for it.

    And like I stated, most people I know keep their cars for over 5 years. We have other things to put our money into besides a deprecating asset. Maybe you hang with a more upscale crowd, who knows. And hopefully you aren't throwing in leasing when you make that statement. Because obviously that would throw all the calculations off, since leases are only going to be for 2 or 3 years anyway.
  • The $23,500 Eclipse has a few options that aren't available on the Tiburon if I am not mistaken. When I priced a Eclipse with comparable options to the Tiburon it came up to about $22,000.

    Why do people automatically assume someone who trades cars often doesn't already have a chunk of money going into savings/stock/401k. Maybe we do hang with a more upscale crowd but I see a bunch of people trading 2 year old cars with major negative equity and a high interest rate. Those are the people who are throwing their money away.
  • nippononlynippononly SF Bay AreaPosts: 12,687
    at 5 years, your car is depreciating a lot more slowly that it was new, not to mention being much cheaper to insure, so unless you are having super-expensive repair after super-expensive repair, you are spending a lot less money than you would be if you sell it and buy new at that point...

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • jocko9jocko9 Posts: 65
    That $19,000 that my co worker paid included sun roof, anti lock brakes, leather seats, power driver seat, windows and locks, 17 inch wheels. What options does the Eclipse have besides those? Originally you stated $23,500, now it's $22,000. Ok, we will go with the $22,000 then, that's still $3,000 less than the Eclipse for essentially the same car with a longer warranty and just as good reliability.

    As far as people trading in cars every 2 or 3 years (purchases, not leasing), then those people are extremely poor money managers. Trading in a used car and buying new every three years is probably the dumbest thing anyone can do from a financial standpoint. You are a loser everytime. So, if you actually have friends that do that, that is a sign of either (a) they have a lot more money than they know what do to with (in which case they can send me some), or (b) they are just not very smart people.
  • nippononlynippononly SF Bay AreaPosts: 12,687
    jocko, they could just be people who like driving new cars, and have lots of disposable income. Leasing can be kind of a hassle (mileage limits, maintenance, etc), and with today's 0% or almost 0% financing, it is often the same payment for leasing or buying. Hey, if they can afford it, let's not knock them...

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • If you compare a base GT V6 Tib with a GT V6 Eclipse the price difference is $2,000. A GT-S comes with a few things extra over the GT Eclipse but the options on the GT Eclipse are almost identical to those on the Hyundai. Like I said, I wouldn't buy either ... I'm just looking at both sides of the fence.

    As for trading cars ... we've been through over 20 cars in 6 years. We never make "stupid" trades because we wait for the deals we can't refuse. I have a significant amount of money going to 401k and stocks every month so the money I do have left is disposable. We are a dual-income-no-children household so all we have to put our energy in is cars and our house. Call us stupid if you want but I'd rather lose $4,000 trading in 5 cars than $6,000 on 1 Hyundai.
  • Even at 23K for the GTV6 the Mitsu is cheaper than the Hyundai if you take advantage of their financing. Its zero payments for 16Mos, (no intereset accrued or compounded until 1/30/2004) and they are now offering 36Months @ 0.0% APR on top of that... so if you pay it off in 48months you pay NO INTEREST. That can save you somewhere from 4-6K in interest. Plus, if you get the Tiberon c'mon you're still driving a HYUNDAI!
  • dougndodougndo Posts: 132
    Having sold cars for a while, I can tell you that that 0-0-0 isn't free or easy, no matter how tantalizing your spreadsheet math is. Most of the time you're driving the car--making payments or not--you're upside down on equity vs. debt. Crash one in the first 32 months and see how it feels to owe more than your insurance company will pay. (Of course, you can pay extra for gap insurance, a smart move in this case.)

    Or you might decide after a couple of years that the Mitsu isn't everything you thought it would be and you want to trade up/sell your way into another vehicle. Oops! Better have some extra cash to cover the gap. (There's no insurance for this.)

    If you decide to ride the first year with no payments, you'll be looking at payments WAY OVER $680 a month to get the zero financing. If you're more disciplined and start paying right away you're still paying way north of $520 a month. You'd be much better off to do this, obviously, but that's a steep payment for a lot of people.

    Okay, you could walk in with $5k to $8k down and the numbers would look pretty good, but that's not the target of Mitsubishi's marketing on this, is it? Plus, if you take that money out of savings to do this, you're losing money to reduce your payments. It's a kind of hidden interest, isn't it?

    Plus, c'mon, you're driving a Mitsubishi, a car that has to be given away free for a year to keep its sales afloat. (Sorry ;-)) All I'm really saying is that nothing's simple in these financing deals and there are too many "if's" in the Mitsu deal to make a compelling comparison on financing alone.
  • revdrluvrevdrluv Posts: 417
    "Plus, if you get the Tiberon c'mon you're still driving a HYUNDAI!"

    I am sorry but is driving a mitsubishi going to have any more snob appeal??? At this end of the market who really cares what name is on the trunk.

    I'll bet if you play it right you could get the dealer to sell you the Tiburon for such a low price that it would make Mitsu's financing not much of an issue.

    The Tiburon is the best Korean car ever made and a damn pretty one to boot. The new eclipse has a piggy nose bulge and ugly fake carbon-fiber clear-out tail lights. I say get the Tib.
  • doug: Somebody buying a Hyundai would be in the same boat if they wanted to trade after 1 year. On a 0% loan on "most" vehicles you will be at least even after 3 years assuming you took a 60 month loan. The Mitsu driver would be no worse off than a Hyundai driver if they totalled the car after a few months and didn't have gap. Gap doesn't come in the Mitsu contract (to my knowledge no manufacturer finance company includes gap standard in their contracts) but you can purchase gap through most insurance companies for any vehicle.

    There are alot of "ifs" in buying a Hyundai as well. Their reputation is improving but their resale value is still horrendous.
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