Last post on May 22, 2013 at 10:03 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Hyundai Elantra, Hatchback, Sedan
#1418 of 4426 2002 Hyundai Elantra holds value
Mar 22, 2006 (6:19 pm)
In Feb. 2006 my 2006 Elantra was rear-ended and totalled by the "other guys" Nationwide insurance. This was a 2002 Elantra Limited 5 door with automatic, sun roof, leather seats (no abs). I had 50,000 miles on the car.
I received $9,400 from the Insurance company.
In 2001 I paid $13,400 out the door. So it cost me $4,000 to own the car for over 4 years and 50,000 miles. I think this is pretty good.
#1419 of 4426 Re: [KarenS]
Mar 26, 2006 (8:01 pm)
new to the group; just bought an '06 Elantra today.
1. how did I do? $14,000.00 out the door.
(sales mgr. said he took a $58.00 loss on the deal,
but then, we're talking car salesmen here ...
2. any issues I should be aware of when I take the car back
for detailing tomorrow?
3. how has overall expierence been? Only thing that sold
me was the factory warranty.
Mar 28, 2006 (2:12 pm)
You don't mention what transmission and option package you got, but that is somewhere between a great deal (on a GT with Auto Trans) or overpriced (for a manual GLS).
The factory warranty is only as good as your maintenance. Don't overdo it (i.e., don't do extras like fuel injector cleaners and stuff), but take care to do timely maintenance and keep good records. Also make sure you use the proper oil weight (5W30 to 10W30 I think) and auto trans fluid (if applicable... use SP-III). Check your owners manual to make sure you have the right information. Also, be aware that *some* aftermarket oil filters that physically fit the Elantra may result in problems such as engine knock due to oil starvation. To be safe, I decided to use only Hyundai OEM filters.
This sounds like a pain in the butt perhaps, but on the other hand Elantras tend to last very well if you follow the maintenance recommendations... *and* you know your warranty is preserved.
#1421 of 4426 Good price on a 06 GLS Hatchback?
Mar 30, 2006 (7:31 pm)
Just got back from the dealers tonight and not sure if he is giving me a good deal or bluffing me. It was a GLS 06 Hatchback in Silver and he quoted me 13,296 with an out the door price of 14408.28.
He is also telling me that I need to buy now because the incentive ends tomorrow. I could buy now, but not sure it is the best thing to do.
I came here for some feedback because with everything else that I have read in these forums, you guys have been dead on. I really liked the hatchback!!!!
Any advice on this one?
#1422 of 4426 Re: Good price on a 06 GLS Hatchback? [spazzums]
Mar 31, 2006 (6:24 am)
The salesrep is correct, the incentives for March do end today. But what we don't know is what kind of incentives will be in place starting tomorrow.
Hard to tell the extent of the deal you were offered since you didn't mention whether it's a stick or automatic and if it has any options.
#1423 of 4426 Just your basic options on the car....
Mar 31, 2006 (7:48 am)
It is a stick with what I believe is option package 1. It is the basic options on the car, such as power locks, windows, mirrors and such. No moon roof or floor mats.
And I guess another question that i have is that if he is willing to make me this deal today, then why not tomorrow as well. Are the incentives really worth that much or just another way to negotiate the price.
The dealer told me that they would not be making any money on this car since his price was at invoice for the GLS 5 door. I don't know if I believe him or not.
This is the part of car shopping that I really hate!
#1424 of 4426 Re: Just your basic options on the car.... [spazzums]
Mar 31, 2006 (8:25 am)
Edmunds.com shows the car's invoice to be $13,918. There's a $1000 general rebate so that drops it down to $12,918. There's also a $500 owner loyalty rebate (have to own another Hyundai), $500 military rebate, and $400 college grad rebate. Do you qualify for any of those?
You might ask to see the dealer's invoice since it appears their number is higher than what Edmunds.com says (print off the page from Edmunds.com to show them--you can look up the pricing using the New Cars tab on the Edmunds.com main page, then just navigate to the 2006 Elantra GLS 5-door with manual transmission, don't select any options). Some dealers add on an "advertising fee" to the invoice. If your dealer does that and they won't negotiate, you're stuck... but it IS the last day of the month, so maybe they'll give some.
The salesrep may not be able to guarantee the same deal tomorrow because the rebates may be different in April, and he may not know what they are yet (or he knows and doesn't want to tell you!). Also, the dealer may qualify for some special manufacturer-to-dealer incentive for selling X number of cars in March, and maybe this sale will help them get there. Another negotiating point for you.
If I were you, I'd offer the sales manager around $12,700 (about 30 mins before closing today) and see what they say. Tell them you WILL buy today at that price. They can only say yes or no, and if they let you walk out of the dealership then you know your offer is too low, and you can bump it up if you really want the car.
If you really hate the negotiating stuff, bring someone with you (parent, sibling, friend) who is better at it than you are.
#1425 of 4426 Re: Just your basic options on the car.... [spazzums]
Mar 31, 2006 (8:25 am)
He wants to close the sale by the end of the month due to sales goals which most likely will affect his income for the month. Remember, good things come to those who wait, and it's very likely the incentives on the existing generation will only get better.
FWIW, my out-the-door price for a 2006 Elantra GLS sedan (no sunroof or ABS) with automatic transmission was $13,750 in late December. This includes Tax (6.75%), Title, and Licence fees. Of course, I know it's really hard to compare as doc and other fees very from state to state.
Don't let the salesperson push you into something you're not comforatable with. Have patience and you will find the right deal at the right time.
#1426 of 4426 About the college grad rebate.....
Mar 31, 2006 (8:49 am)
I asked about this as I graduated with my Masters Degree less than a year ago and under the info on the Hyundai web site, I would qualify for this.
I was told that in order to get the college rebate, I would have to finance through Hyundai (which I don't mind) but that the interest rates on college grad loans was very high. He said that he could not get me the rebate and a low rate loan. I said that was fine, that I would go with my credit union at 5% and that is when he again said that you could only use the college rebate if you finance through hyundai.
Thanks for the advice guys. I do really like the car and do need to replace my soon, but I guess I don't have to jump on this today unless it comes in where I want it to.
I would imagine that the incentives for next month are going to be pretty good as well, the one dealer I talked to said that they are expecting 40 new Elantras in on Monday.
#1427 of 4426 Re: About the college grad rebate..... [spazzums]
Mar 31, 2006 (9:14 am)
Check the fine print on the financing contract, but you should be able to refinance the Hyundai loan after a short time and still come out a few hundred bucks ahead.