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2022 Hyundai Elantra Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/Holdback

Price terms Used in this Guide:
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost

Hyundai Elantra Pricing for the SE, SEL, N Line and Limited Trims

2022 Elantra - Trim: SE - 4-Door Sedan with FWD. Powered by by a 2L, 4 Cylinder, Gas Engine w/ CVT Transmission.
MSRP
$19,950
Invoice Price
$19,366
Destination Fee
$1,045
Holdback
$599
Dealer Cost
$19,813
Find the Best Price
2022 Elantra - Trim: SULEV SE - 4-Door Sedan with FWD. Powered by by a 2L, 4 Cylinder, Gas Engine w/ CVT Transmission.
MSRP
$19,950
Invoice Price
$19,366
Destination Fee
$1,045
Holdback
$599
Dealer Cost
$19,813
Find the Best Price
2022 Elantra - Trim: SEL - 4-Door Sedan with FWD. Powered by by a 2L, 4 Cylinder, Gas Engine w/ CVT Transmission.
MSRP
$21,200
Invoice Price
$20,366
Destination Fee
$1,045
Holdback
$636
Dealer Cost
$20,775
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2022 Elantra - Trim: SULEV SEL - 4-Door Sedan with FWD. Powered by by a 2L, 4 Cylinder, Gas Engine w/ CVT Transmission.
MSRP
$21,200
Invoice Price
$20,366
Destination Fee
$1,045
Holdback
$636
Dealer Cost
$20,775
Find the Best Price
2022 Elantra - Trim: Blue Hybrid - 4-Door Sedan with FWD. Powered by by a 1.6L, 4 Cylinder, Gas/Electric Engine w/ Automatic Transmission.
MSRP
$23,850
Invoice Price
$22,910
Destination Fee
$1,045
Holdback
$716
Dealer Cost
$23,240
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2022 Elantra - Trim: Turbo N Line - 4-Door Sedan with FWD. Powered by by a 1.6L, 4 Cylinder, Gas Engine w/ Manual Transmission.
MSRP
$24,350
Invoice Price
$23,390
Destination Fee
$1,045
Holdback
$731
Dealer Cost
$23,705
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2022 Elantra - Trim: Turbo N Line - 4-Door Sedan with FWD. Powered by by a 1.6L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$25,450
Invoice Price
$24,446
Destination Fee
$1,045
Holdback
$764
Dealer Cost
$24,728
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2022 Elantra - Trim: Limited - 4-Door Sedan with FWD. Powered by by a 2L, 4 Cylinder, Gas Engine w/ CVT Transmission.
MSRP
$25,700
Invoice Price
$24,686
Destination Fee
$1,045
Holdback
$771
Dealer Cost
$24,960
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2022 Elantra - Trim: SULEV Limited - 4-Door Sedan with FWD. Powered by by a 2L, 4 Cylinder, Gas Engine w/ CVT Transmission.
MSRP
$25,700
Invoice Price
$24,686
Destination Fee
$1,045
Holdback
$771
Dealer Cost
$24,960
Find the Best Price
2022 Elantra - Trim: Limited Hybrid - 4-Door Sedan with FWD. Powered by by a 1.6L, 4 Cylinder, Gas/Electric Engine w/ Automatic Transmission.
MSRP
$28,350
Invoice Price
$27,230
Destination Fee
$1,045
Holdback
$851
Dealer Cost
$27,425
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2022 Elantra N - Trim: Turbo GDI M/T Elantra N - 4-Door Sedan with FWD. Powered by by a 2L, 4 Cylinder, Gas Engine w/ Manual Transmission.
MSRP
$31,900
Invoice Price
$30,638
Destination Fee
$1,045
Holdback
$957
Dealer Cost
$30,726
Find the Best Price
2022 Elantra N - Trim: Turbo GDI DCT Elantra N - 4-Door Sedan with FWD. Powered by by a 2L, 4 Cylinder, Gas Engine w/ Automatic Transmission.
MSRP
$33,400
Invoice Price
$32,078
Destination Fee
$1,045
Holdback
$1,002
Dealer Cost
$32,121
Find the Best Price
Price Tip:
To find the best possible price on a new Hyundai Elantra, shop prices online first. Get up front pricing before you walk into a dealership. We recommend the following free services; Car Clearance Deals,   Edmunds,   NADAguides,   Motortrend  &   CarsDirect
These services will offer you the lowest prices and supply you with multiple competing price quotes. You will know the best price before you visit the dealer.

How to Calculate The Dealer Cost of a Hyundai Elantra

Formula for Calculating Dealer Cost:

  • Example: Base Hyundai Elantra invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
  • What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.

Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here)

Hyundai Elantra Overview:

The 2022 Hyundai Elantra is a four-door sedan with a very attractive price. It also has a unique and attractive exterior design, with sharp creases in the body panels. This gives the Elantra an exciting, futuristic look. It's available in four different trim levels and with three powertrain options. One of those options is a hybrid powertrain.

What's New for 2022?

The Elantra just got a major overhaul for 2021. Due to this, there are no changes or new features for the 2022 models. There is, however, a new N Model that will be available in late 2022. This model was designed as a sportier, performance-minded version of the Elantra.

Available Styles and Configurations

The 2022 Hyundai Elantra is only available in one body style. It's your basic four-door sedan, howbeit with an extremely unique exterior design. There's a standard engine, an available turbocharged engine and a hybrid powertrain. Models will come with a 6-speed manual transmission; a 7-speed, dual-clutch transmission with Shiftronic Technology; or a Smartstream Intelligent Variable Transmission. All models of the Elantra have front-wheel drive.

Trim Level Differences

The base trim level for the 2022 Hyundai Elantra is simply called the SE trim. The next trim level up is called the SEL. These two models are mechanically identical and offer the same performance specs. The SE gets a 6-way adjustable driver's seat and a 4-way adjustable front-passenger seat. The SEL adds the option for power-adjustable seats up front.

The SE comes equipped with a set of 15-inch wheels, while the SEL gets some larger, 16-inch alloy wheels. The SEL has some extra options such as heated exterior mirrors and a power-operated sunroof. The SEL gets an upgraded heating-and-cooling system with dual automatic temperature control.

Moving up from the SEL to the N-Line comes with a serious upgrade to the power and performance of the Elantra. This model comes equipped with the turbocharged engine. It also gets some upgrades to the suspension system and brakes for improved handling. This model comes sporting a set of 18-inch alloy wheels with summer tires.

The N-Line has a power sunroof for letting in some fresh air and sunlight. The headlights and taillights are LED models. The upholstery is upgraded to cloth with leather inserts. The N-Line trim also gets heated seats up front for those cold winter drives. A sports steering wheel and alloy pedals add to the performance theme of this trim level.

The top trim level of the 2022 Hyundai Elantra is called the Limited model. This trim loses the performance upgrades to the suspension system and brakes. It also goes back to the standard 2.0-liter engine without that turbocharger. It adds on an improved version of the Forward Collision-Avoidance Assist feature.

The Limited model is more about comfort and convenience than about performance. It gets Park-Assist features to help when squeezing in or out of tight spaces. The exterior gets some nice chrome trim. The inside gets leather seats, a larger touchscreen for the infotainment system and a navigation system.

Performance and Fuel Economy

The base engine is a 2.0-liter, I4 engine that produces 147 horsepower with 132 pound-feet of torque. According to EPA estimates, an Elantra equipped with this engine should get 33 miles-per-gallon in the city and 43 miles-per-gallon on the highway. There's also a 1.6-liter, I4 turbocharged engine that can crank out 201 horsepower with 195 pound-feet of torque. This engine should see around 28 miles-per-gallon in the city and 34 miles-per-gallon on the highway.

The hybrid powertrain for the Elantra offers an impressive 56 miles-per-gallon. A 1.6-liter, 4-cylinder engine is combined with an electric motor to produce up to 139 horsepower. The hybrid has an approximate range of around 594 miles on a full charge.

Safety and Technology

Every model of the Elantra offers an advanced airbag system and ABS, anti-locking brakes. Front and rear crumple zones work together with side reinforcements to channel energy away from the occupants of the Elantra in the event of a crash. There's also an energy-absorbing steering column for some extra protection for the driver.

The Elantra has an Electronic Stability-Control System as well as Traction Control to keep the vehicle stable, and to prevent loss of traction during inclement weather. Forward-Collision Avoidance gives the driver a heads up if there's an impending collision. The system is sensitive enough to detect pedestrians and cyclists too. Emergency Braking kicks in automatically when some extra stopping power is needed.

Most trim levels offer Lane-Keep Assist and Lane-Following Assist to aid the driver. The Elantra can even detect rear cross-traffic and monitor potential blind-spots to increase the driver's awareness. The highest trim level gets a Parking-Distance Warning and Parking Collision-Avoidance Assist.

Driving Impressions

Acceleration is good with the base engine, but things get interesting once the turbocharged engine is selected. Acceleration is brisk, and there's plenty of passing power at highway speeds. Hybrid models of the Elantra may have lower horsepower when compared to the turbocharged-engine Elantras, but the instant torque still makes for great acceleration.

The N-Line models of the Elantra are downright sporty. They offer tight, accurate steering that allows the Elantra to take on curvy roads with ease. The fine-tuned suspension system mitigates any body-roll while the Elantra corners. Every version of the Elantra offers a quiet, smooth and refined ride.

Note: All Hyundai Elantra MSRP, invoice and dealer cost dollar figures above are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.



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