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Hyundai Elantra, Hatchback, Sedan
#2390 of 4450 2008 Hyundai Elantra SE Automatic
Mar 27, 2008 (5:40 pm)
I paid $18,115 for the above (with mud flaps and carpeted floor mats). After my $2000 rebate, it came to $16,115. The dealer would not budge on the price - not a penny off MSRP. I did get a decent finance rate - 6.51% for 60 mos. He said that the Elantra SE models were limited in supply since the article in CR was published. He claimed that some customers were telling him that other dealers were selling them above MSRP - could that be true? Anyway, he only had one SE that arrived today (the one I subsequently purchases) and one more on its way...that was it for a while. I wanted the $2000 cash back offer which expires 3/31, so I took the deal. He threw in a free pinstripe ($179 value he claims). Did I get a bad deal?
#2391 of 4450 Re: 2008 Hyundai Elantra SE Automatic [bfeldstein]
Mar 27, 2008 (6:02 pm)
IMO paying MSRP before rebates for a car like the Elantra is not a good deal in today's competitive, slow car market.
What is interesting is that 2008 Sonatas with automatic are going for as low as $14,000 plus T&L in some areas, and routinely less than $15,000. So $16,000 for the smaller Elantra, even though it has alloys, is not a very good deal in comparison.
But since you've already cut the deal, forget about what others think about your deal and enjoy your new car!
#2392 of 4450 Re: 2008 Hyundai Elantra SE Automatic [backy]
Mar 27, 2008 (7:29 pm)
You're right....once the deal is done, just enjoy the car. Actually, the Elantra SE is for my teenage daughter who is a new driver, and I wanted her to have a good,safe car. In that sense, I feel good about my purchase, and she absolutely LOVES the car.
#2393 of 4450 What do you think ??
Apr 02, 2008 (3:05 pm)
I am looking for your opinions regarding this deal I'm leaning towards accepting. We are trading in our 2006 hyundai tucson for an 2008 Elantra GLS. We are upside down on the Tucson owing 18,000. The trade in value according to Edmunds is 12,700 and retail is close to 15k. After days of negotiations they will pay off our Tucson, and finance 16,875 for the 08 Elantra at 6.25 %. This includes tax,registration,prep,etc. without us shelling out a nickel out of pocket.
#2394 of 4450 Re: 2008 Hyundai Elantra SE Automatic [bfeldstein]
Apr 03, 2008 (6:02 am)
Like you, I bought the car described in the next sentence for my teenager, who also loves it (naturally). IMHO, I do think the dealer got the better of the deal -- the key to these deals is to use the Internet to find the same or a very similar car at two or three dealers within 50 miles or so, and then be completely willing to walk out when Dealer # 1 says he won't move. Nobody but nobody should pay sticker for any non-hybrid, non-exotic car. Don't know about your credit -- I got 5.04% for 48 months on the deal I made: "2007 Elantra Limited, manual trans, loaded (sunroof, leather, the works) for about $15350 out the door, taxes and tags included." The key on my deal was taking the off-year car -- since its going to be with the teenager through college and since it's got a 5-year BTB warranty, I don't care about the extra year of depreciation -- the '08 will be pretty much the same 6-8 years out.
#2395 of 4450 Re: What do you think ?? [ridge6]
Apr 03, 2008 (6:07 am)
I'm assuming you're considering this for reasons of fuel economy and that you drive so many miles you'll recover the delta between the value of the Elantra if you were negotiating it in a clean deal versus what you're being offered here, because otherwise it makes no sense to force yourself into an upside down deal. Whether the deal is a decent one depends on what's in the Elantra -- if its with Popular Package and with Automatic trans and you're not in California, then you're overpaying by approximately $2,000 for the Elantra, but you're more than that upside down, so if you've decided to downsize then it's a pretty decent deal. I'd be adamant about knocking the finance rate down under 6% though, assuming you've got the credit to support it. Good luck.
#2396 of 4450 Re: 2008 Hyundai Elantra SE Automatic [mitcheld]
Apr 03, 2008 (6:11 pm)
A used 07 elantra (17000msrp) and sonata (20000 msrp) are worth about 11000 and 12000 wholesale respectively. The vehicles depreciate 6000 and 8000 from list first year respectively. This is not problematic if you get enough off.
A target on the 17000 elantra is the high 12000s low 13000's (about 4200 off msrp)
A target on the 20000 sonata is the low 14000s to 15000. (about 5200 off msrp)
#2397 of 4450 Re: 2008 Hyundai Elantra SE Automatic [jfritsch]
Apr 03, 2008 (8:31 pm)
How does $5400 off invoice on an '08 Sonata sound to you? That takes care of a lot of depreciation.
Of course, if someone buys at full retail and trades-in at wholesale a year or so later, they will get clobbered by depreciation. There's $1,000 to $1,500 difference between MSRP & invoice right off the bat.
#2398 of 4450 Hyundai Elantra 2008 GLS
Apr 04, 2008 (5:53 am)
Just purchased a Hyundai Elantra 2008 GLS for $13,100 out the door. Automatic with power package. MSRP of $17,000. Purchased from Fairfax (Virginia) Hyundai. Did I get a good price?
The one issue that I had was that I wanted to purchase a Hyundai extended warrenty. We negoitated a $1100 price. Then when we went to sign the paper work I discoverd they they had switched me to a third party warrenty. Beware.
What should I be paying for a Hyundai extended warrenty??? Please let me know your experience. Thanks
#2399 of 4450 Re: 2008 Hyundai Elantra SE Automatic [bhmr59]
Apr 04, 2008 (5:56 am)
5400 off invoice? Great! has anyone got that off an 08 sonata Gls (20000)? I would assume a small number of folks. Or more probably a well optioned limited ($25000)