In case you missed it, Hyundai gave us a ballpark price for the 2011 Hyundai Sonata Hybrid. As Hyundai said, expect the hybrid Sonata to start in the mid-$20K neighborhood. Now, considering that the Sonata is a whole lot of car, the mid-$20K price is quite remarkable, but the deal will be even sweeter for a limited-time only. When Hyundai launches the Sonata Hybrid this fall (October or November), it will immediately qualify for a deep discount courtesy of the Feds. How much the Sonata Hybrid qualifies for is still up in the air due to MPG ratings, but it will almost certainly be substantial enough to drop the base price below the Toyota Prius, which unfortunately no longer qualifies for any help.
If all goes as planned, the Hyundai Sonata Hybrid will qualify for a $3,400 tax credit, bringing the grand total expense down into the low-$20K region, an area where few hybrids linger. This exceptionally low price will only be available until the federal hybrid tax credit expires in December 2010 or until Hyundai reaches the 60,000 hybrid vehicle cut-off limit. Stepping into a full-size hybrid vehicle for less than $22,000 is possible, but only if you act fast.