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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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#409 of 2635
Re: 2007 Santa Fe Lmited - $400 over invoice - No Fees [rgurnsey] by davesuv
Nov 04, 2006 (6:24 am)
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You can easily see the invoice prices using Edmunds.com at 2007 Santa Fe . Invoice prices are also available at multiple other sites on the internet and I've found they all pretty much are identical.
 
Although I don't claim extensive knowledge on dealer finances, it is my understanding that the dealer will receive a monthly rebate from Hyundai for each car it sells. This is called the "holdback" and can vary depending on the volume of cars the dealer sells and on the particular model. Hyundai can alter these holdbacks to provide incentive for dealers to push specific car sales. The actual net cost of the car to the dealer is therefore usually at least $500 to $1500 less than the invoice price. That's why dealers can sometimes afford to sell below the invoice price. If anyone has more information or corrections on this holdback concept, please step in. I think the dealers and manufacturers try to keep this detailed information confidential and I have no idea what the actual holdback is for the 2007 Santa Fe.
#410 of 2635
Re: 2007 Santa Fe Lmited - $400 over invoice - No Fees [davesuv] by santafeowner
Nov 04, 2006 (10:44 am)
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Replying to: davesuv (Nov 04, 2006 6:24 am)

The "holdback" issued varies by manufacturer, but in most cases it's 3% of MSRP on domestic vehicles, and 2% of either MSRP or dealer's invoice on foreign vehicles. Hyundai's holdback is 2% of invoice. You can see the holdback rebates for most manufacturers here: http://www.edmunds.com/advice/incentives/holdback/index.html
 
You may also want to check out the following website: http://www.carbuyingtips.com... Lot's of information on dealership tricks of the trade and how to avoid them.
 
- Frank.
#411 of 2635
Re: 2007 Santa Fe Lmited - $400 over invoice - No Fees [santafeowner] by wa0wa
Nov 04, 2006 (12:32 pm)
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Replying to: santafeowner (Nov 04, 2006 10:44 am)

The invoice price on Edmunds is different from my dealer's, the dealer show me his invoice and everything is the same except he has a $500 cost of national advertising fee. I told him that no other dealer is charging me for it but he said if I go to the finance office then it will show up to them. Is that true? Does all your invoice price including an add on ads fee? So no matter how good the offer I got from this dealer, his price is always $500 higher. Please share your opinion. Thanks.
#412 of 2635
Re: 2007 Santa Fe Lmited - $400 over invoice - No Fees [wa0wa] by 07xle
Nov 04, 2006 (2:22 pm)
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Replying to: wa0wa (Nov 04, 2006 12:32 pm)

Dealer Invoice always includes TDA.
 
Read the fine print on Edmunds pricing and you would know that.
 
Don't worry about TDA or holdbacks. Get the price down to $800 or more below dealer invoice.
 
Use Fitzmall pricing as a tool.
 
There are even two on EBAY!!!
#413 of 2635
Re: 2007 Santa Fe Lmited - $400 over invoice - No Fees [07xle] by wa0wa
Nov 04, 2006 (6:02 pm)
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Replying to: 07xle (Nov 04, 2006 2:22 pm)

Thanks for the tips. I will try and let everyone know the result.
#414 of 2635
Ads in the Sacto Bee [dell06] by cob10
Nov 04, 2006 (10:37 pm)
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Replying to: dell06 (Nov 03, 2006 6:59 pm)

I saw two adds in the Sacramento Bee this wk-end. One had a Santa Fe for 18.5, with the smaller v-6. The other was for 21.5, had the larger v-6. I don't believe either vehicles were 4x4s.
 
I too tried to buy a Santa Fe at the Folsom dealer last year from the internet sales person. I asked that they match the ad price of a bay area dealer, they wouldn't. So I bought the vehicle from the Florin Road dealer that did match the price. Later the Folsom dealer called me to see if I was still interested, I adv them too late.
#415 of 2635
Bit the Bullet by lulu585
Nov 05, 2006 (11:02 am)
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I finally did it! Tried to go in to the 2 dealerships in town but couldn't stand the haggling then last week I followed the advise on the boards-went through the internet only responded through emails--and one of the dealerships here had a really good internet sales dept. The sales guy emailed and called but I only responded through emails. I initially wanted a dark cherry red awd with limited and touring but he called when they got a black on black one with all options I wanted. Emailed him back that I did not want black. A few days later came back and said they had a Khaki Se FWD with 3nd row and emailed a pic. Drove by the dealership and saw the black one (he had already quoted a price in an email) emailed and set an appt. for yesterday. Tried to get the price down a bit more but he insisted he had given us the best price (internet price a lot better than walking into the dealership cold turkey). I've seen a few better prices on this board but I feel we got a good deal.
Black on Black/AWD/Premium and Touring with the upgraded trailer prep pkg/ $28983.00 He included (had to order) the floor mats because he said it was ridicules that a $30,000 car does not come with them. If you have a Costco Membership and your going to finance the car go through there website and apply through Capital One. I got 5.9 % on a 60 mo. which is .30% cheaper than going straight through Capital One. We will pay off the car in 20 mos. but I like having a cushion.
 
Can I tell you how much I love this car!!! I call it my Lexus knockoff. Initially I was leary about Black because of the upkeep but it is gorgeous! We were going to wait and drive the Mitsubishi Outlander but the styling of the Santa Fe won us over. My husband went to the grocery store last night and someone said "Awesome Car!" And he said "Ya, not bad for a Hyundai!" And the guy was like "that's a Hyundai--I thought it was a Lexus."
#416 of 2635
Re: Bit the Bullet [lulu585] by lulu585
Nov 05, 2006 (11:17 am)
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Replying to: lulu585 (Nov 05, 2006 11:02 am)

Forgot to add that it was a Limited!
#417 of 2635
Re: $800 under Dealer Invoice - All Models/Options [santafeowner] by jets88
Nov 05, 2006 (12:49 pm)
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Replying to: santafeowner (Nov 02, 2006 11:31 am)

I am interested in a 2007 Santa Fe in NJ. Where did you get your SUV?

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