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Prices Paid: Buying & Leasing Experiences Hyundai Elantra Prices Paid and Buying Experience
3252 messages, Last post on Nov 03, 2009 at 8:28 AM
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Replying to: jfritsch (May 21, 2009 8:51 am) I disagree with this. I bought an 08 Elantra SE with premium package in April 08 for $15,200 (MSRP around $19.5k). Car has 33,000 miles on it. They have already given me a trade in price of $10.k (provided I do not exceed 35,000 miles before we close deal). Looking at the same car but an 09 Elantra with exact same options plus Bluetooth. I want a $5,000 OTD price. He is at $6,000 right now. Hoping to see some dealer cash this weekend to get it to where I want it. I think$5,200 depreciation with 33,000 miles is pretty darn good. I get mileage for work so I already have close to $11K in the bank. Give them $5k and pocket the $6k and for me the car is a money maker. One could argue that I should run my '08 into the ground and not trade in but I would rather rotate vehicles every year if this is the delta after 12 months. |
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I purchased a touring this week in central NJ and I think I got a great price. Cost was 3,050 OTD with a trade of my 2004 Toyota Sienna Ltd with 61,000 miles on it that was in good condition. The way they wrote up the purchase stated that they were giving me $13,000 for my Sienna. The receipt was confusing but the bottom line was all I cared about. I probably could have gotten about $15 for my Sienna selling it privately, but I saved about $1,000 on the tax and this was much easier. It is the base model, black with light interior, automatic, with mats and wheel locks. So far I'm getting about 24 mpg around town in some heavy traffic. I have a question about the key fob. It opens up the car but when I press on the hatch door it does not release it. Is that typical of other tourings or does my fob need to be reprogrammed? Thanks Marlene
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Replying to: marlenelin (May 24, 2009 6:51 am)
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Replying to: bob225 (May 25, 2009 2:49 am) |
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Replying to: curious31 (May 20, 2009 10:11 am) How about you - can you give me some info or copy of estimate (without personal info of course)....trying to get the best deal. Seems like the SE price is better Thanks for any help |
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Replying to: 4elantra (May 25, 2009 10:45 am) I bought the car (Elantra SE automatic) this Monday for an OTD price of $14,967. The OTD breakdown is: $13,795 car price -$295 trade in # My trade in was a real clunker I am happy I got anything for it. $930 # 6% MD sales Tax (including the $2000 rebate) $200 # floor mats, wheel locks, cargo mat, rear cargo tray. $237 #Tag and title fees $100 #dealer fees Total cost: $13500 #cost of car minus trade in +$930 +$237 +$200 +$100 Total=$14967 Total without trade-in is ~$15262 In my case the first OTD price quoted to me at the dealer was to high by about $500 dollars. After I showed them the breakdown they gave me the correct OTD price. Whether it was an honest mistake or not I have no idea. In any case it saved me $500 to calculate what the OTD price should be based on state tax, dealer fees, etc. With regards to price quotes. If you go to Alexandria hyundai web page here: http://www.alexandriahyundai.com/ And search their new car inventory for Elantras you should find a couple automatic SEs for around ~14,200. I emailed and asked for the internet price and was given a quote of $13,700 for an Elantra SE automatic. I was able to use that quote to get a Maryland dealer to drop their price to $13,795. The MD dealer fees were $100 compared to ~$400 dealer fees in Virginia. Hence overall the MD offer was the best one by about $200. If you can get a similar $13,700 quote for an Elantra SE from Alexandria hyundai you may be able to use it as ammunition with local dealers in NY. Alternatively you can drive down to VA and buy the car directly assuming you think it is worth it. Frankly using the listed price on the Alexandria website for a GLS AT the OTD price is better than $16091. Using a tax of %8.25 and assuming tag and title fees are ~$230. The OTD price for a GLS AT from Alexandria is ~$15,085 (I am assuming this includes the popular equipment package from the Alexandria website this is not clear). In any case I have made my purchase and am stuck with it  . I wish you luck in your negotiations. All the Best, curious31 |
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Replying to: trdsdd (May 07, 2009 1:00 pm)
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Replying to: marlenelin (May 27, 2009 7:01 am) You did very well! I've gotten quotes from Towne before and they've always beaten my local dealer by 000's. I may try your manuever if I end up purchasing the Touring.
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Replying to: jfritsch (May 21, 2009 8:51 am) I do agree with you that Hyundai's resale value is not it's strongest feature. If you tend to hold cars until they die, then it doesn't matter. I do agree that, right now, the M3 is the better buy. Hyundai is doing well (compared to other manufacturers as you pointed out and is less inclined to offer those juicy rebates). I am fortunate I am able to wait. I'm shopping the Touring, M3, and the VW Golf (tdi in the fall). They are all nice cars and I don't think I could go wrong with any of them. I do, however, try to place a dollar value for each vehicle to assist me in my choice. I can get a 2010 M3 Hatch for  19k. The 2009 Touring was offered to me at a local Hyundai dealership at 17.5k (manual base pkg). I valued the 1 year difference at 2k (2010 vs 2009). I then valued the Mazda vs. Hyundai difference at 1.5-2k (I know Hyundai quality has improved greatly...I did like the car...Mazda does have a stronger resale and most folks would pay more for the Mazda..so don't throw stones). By my reckoning that puts my adjusted value of the Touring at 15-15.5k. So, if Hyundai cuts loose with a great rebate, I'm in. If not, I'll wait for the Golf to compare and then run my adjusted value at that time. Who knows, maybe Mazda will have a great rebate or I can get a government handout (cash for clunkers).
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Replying to: familydadx4 (May 27, 2009 6:52 pm) Touring, auto b pearl, auto w/ mats and wheel lks $16.492 Less trade in - $13,000 State sales tax 6% (based on 3942) $275 Title $75 document fee $249 Nj Tire fee $7.50 Total $4,550.00 less rebate -1500.00 amount due $3,050.00 I love it so far. Marlene |
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