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Hyundai Santa Fe Prices Paid and Buying Experience

2635 messages,  Last post on Nov 28, 2009 at 3:41 PM

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What is this discussion about? Hyundai Santa Fe, SUV


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#1247 of 2635
Re: S & S in Maryland. [raigan] by csi007
Aug 01, 2007 (1:55 pm)
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Replying to: raigan (Aug 01, 2007 4:55 am)

The dealership is Schaefer and Stohminger on Joppa rd in Carney/Towson, MD
 
Good Luck!
#1248 of 2635
Re: sante fe gls auto - fitzmall towne advice [smith1] by hoo320
Aug 01, 2007 (6:42 pm)
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Replying to: smith1 (Jul 31, 2007 7:01 am)

We actually went to Towne hyundai. The salesperson was nice and honest. He sticked to 1700 under invoice plus 0% from Hyundai
 
But their used car manager was rude. He kept saying our car was a piece of crap and only offered 2000 under the KBB trade in value. We had to pass the deal.
 
We then went to Nanuet New York and we had a decent trade-in about the same as KKB value
 
If we need to buy another hyundai without trade-in, I would definately consider towne hyundai again.
 
Just my 2 cents
#1249 of 2635
Re: August incentives? [chrislegg1] by dtwicks
Aug 01, 2007 (7:26 pm)
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Replying to: chrislegg1 (Aug 01, 2007 6:26 am)

For August the Hyundai site has $1,000 rebate and an additional $500 if you finance with Hyundai ( the big duh)
#1250 of 2635
In the Market for year end Santa Fe by jiminyintx
Aug 02, 2007 (2:24 pm)
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My husband and I are looking at the 2007 Santa Fe. I have read almost every post under the topic of "Prices Paid and Buying Experience," and have found most of them to be VERY helpful. If my calculations are correct, it looks like the best deals most folks have gotten on the 2007 are about 82-86% of MSRP (including the $1000 rebate offer), but before TT&L. This is also what most of the prices look like at Fitzmall.com. Am I doing my math right? I really would like a framework to go to the dealer with, as I know I may have to be flexible with options at this time of year. I would like to hear from those who have figured savings calculations off of MSRP. I do know that there was/is a Hyundai family member deal of 15% off invoice. Can the rest of us only hope for about 15% off MSRP?
 
Also, I'd like to know if many folks are buying the extended Hyundai warranty, and how much they are paying for the factory backed one? Some of the posts I've read other places seem to infer that Hyundai does not stand behind the warranty if you do not follow the scheduled maintenance to the TEE!
 
Thanks in advance!
#1251 of 2635
Re: In the Market for year end Santa Fe [jiminyintx] by mpuzach
Aug 02, 2007 (3:33 pm)
Reply

Replying to: jiminyintx (Aug 02, 2007 2:24 pm)

I know this isn't what you asked for, but IMO the best way to negotiate on these vehicles is in terms of $$$ discount off of invoice LESS any applicable rebates. The best deals out there right now (such as at Fitzmall) are $1300 under invoice, less $1500 in rebates ($1000 standard rebate and $500 additional rebate if you finance through Hyundai Motor Finance Company).
 
So...let's say that you find the following Santa Fe:
  • 2007 Limited AWD with XM, Premium Package, and carpeted mats

  • M.S.R.P. = $29,860

  • Invoice = $28,036

  •  
    If you're working with a high-volume dealer who is likely to ca$h in on the high-volume incentives from Hyundai, they should be able to sell you the car for $26,736 ($1300 under invoice) LESS rebates. If you take Hyundai's financing in addition to the "regular" $1000 rebate, that would put you at a net purchase price of $25,236 + taxes + license + (possibly) the dealer's standard "per vehicle" marketing fund fee. (Mine was $150, as is Fitzmall's; this fee is not included in the invoice.)
     
    If your dealer is a lower volume one, they're not going to get all of that incentive money so they won't be able to go quite as low. Even so, you should be able to strike a deal that doesn't exceed $500 under invoice LESS all applicable rebates.
     
    I suggest going to Fitzmall's web site, finding a few Santa Fes that are similarly-equipped to what you want to buy, printing the pages with options and pricing, and taking them with you to your dealer. This lets your dealer know that you're an informed buyer and that you know that these cars can indeed be sold for the price you're offering.
     
    Best of luck!
    #1252 of 2635
    Re: In the Market for year end Santa Fe [mpuzach] by jiminyintx
    Aug 02, 2007 (5:20 pm)
    Reply

    Replying to: mpuzach (Aug 02, 2007 3:33 pm)

    Thanks mpuzach. I've read some of your postings with a lot of helpful advice. The numbers you are quoting me fall in line with my figuring from the MSRP..... $25,236 is 84.5% of the MSRP of $29,860. Add the $150 marketing fee, and it takes it to an even 85%. I'm guessing that may be the best I'll be able to shoot for if I limit myself to our local San Antonio area. Not so sure these are high volume dealers. But they do have some good stock, and hopefully they are ready to move it before the 2008's come in. We also qualify for the $500 military rebate, so every dollar helps!
     
    I'll be sure to post when we make a deal! Thanks for your help.
    #1253 of 2635
    Re: In the Market for year end Santa Fe [jiminyintx] by mpuzach
    Aug 02, 2007 (7:25 pm)
    Reply

    Replying to: jiminyintx (Aug 02, 2007 5:20 pm)

    Cool! I'm glad to be of help. If you're getting a deal close to those numbers on a new Santa Fe that is to your liking in terms of colors and options, you can feel very good about it. You'll definitely enjoy the car; it's beautifully designed, enjoyable to drive, and a great value.
     
    A couple of things...
     
  • As you look at specific vehicles, open a front door and check to see whether or not the front overhead lights (near the inside rearview mirror) illuminate. Those in later-production Santa Fes do; earlier builds do not. Hyundai has authorized a no-charge retrofit for the earlier cars but I think it's unlikely that your dealer will volunteer that information. If you have a choice of several Santa Fes, take the one whose front overhead lights turn on with the open door.

  •  
  • As you probably know, XM became standard on all Santa Fes mid-model year. It adds $200 to the base M.S.R.P. and Santa Fes that have it are clearly labeled as such on the sticker. After having my XM-equipped Santa Fe for over 2 months, I highly recommend getting one with XM. In the Santa Fe, it works beautifully and sounds good (much better than in my 2005 Corvette). The other good news is that if you get a Santa Fe with XM, it will likely have the illuminating front overhead lights, as well.

  •  
    Good luck with your purchase!
     
    - Mike
    #1254 of 2635
    Re: In the Market for year end Santa Fe [jiminyintx] by lucky15
    Aug 03, 2007 (6:52 am)
    Reply

    Replying to: jiminyintx (Aug 02, 2007 5:20 pm)

    For you and all the others, myself included, the information I am about to tell you about may be somewhat alarming, I just read this recently from a leading consumer reporting magazine, the prices you and I and the others paid may not be so great, the magazine states: "Both the MSRP and the DEALER INVOICE PRICE, are "ARTIFICIAL" numbers created by the car manufacturer and the dealer to serve their negotiating purposes." After thinking about this for a while it does not suprise me one bit. Once again we are being scammed. The real MSRP and DEALER INVOICE PRICE may never be learned and this isn`t just for Hyundai but all car manufacturers.
    #1255 of 2635
    Re: In the Market for year end Santa Fe [lucky15] by smith1
    Aug 03, 2007 (9:46 am)
    Reply

    Replying to: lucky15 (Aug 03, 2007 6:52 am)

    This is not news. Everyone knows that MSRP is "artificial" -- it's a SUGGESTED price. It's exactly as real or unreal as the asking price on anything in a free market economy.
     
    And it is fairly well known that "dealer invoice" does not necessarily indicate exactly what a dealer paid for a vehicle. It is however a good starting point for negotiations and comparisons of deals.
     
    For what new item purchase do you know EXACTLY what the seller paid for what you are buying? Not many.
     
    What makes a deal "great" should be your degree of satisfaction with what you paid, relative to what others paid for the same thing in similar circumstances. And nowadays there is more information available about car prices, and what people are actually paying for specific vehicles, than just about anything else.
    #1256 of 2635
    Re: In the Market for year end Santa Fe [smith1] by lucky15
    Aug 03, 2007 (10:17 am)
    Reply

    Replying to: smith1 (Aug 03, 2007 9:46 am)

    I hesitated for several weeks as to whether I should post in regards to the artificial prices, knowing I may start a controversy, Contrary to what you say, not everyone that buys a car knows or assumes that the MSRP or the INVOICE PRICE is artificial, if you will notice most of the posts here use the MSRP and INVOICE PRICE as BENCHMARKS to negotiate from, thinking them to be actual, thinking the dealer will just make a few hundred on the deal from what is know as "holdbacks" and that is all, as a rule. This is my last post on this subject.

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