that's right. I raise the bar little bit - say pay around $1000 for this car if it is in really good condition. If you are spending $5000 - $8000: go for used Honda, Nissan or Toyota. If you are spending $10-12000: go for brand new Hyundai. Don't spend that much money on used cars. I am impressed by their warranty - 5 yrs bumper to bumper, 5 yrs free roadside assistance, 10 yrs powertrain warranty. I haven't had any problems in my 2004 Elantra yet except for flat tires. When I had two flat tires in 2 years, their response time was better than AAA. Learning by experience: I bought a used car for $4,000 and spent about $3,000 in maintainance in two years. I had no accidents. At the end of two years, I was able to send it to junk yard for free (at least they accepted to come and tow it to their yard). In my calculations, I am spending less on my new car as compared to my old car (with full insurance).