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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: 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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Replying to: curious31 (May 26, 2009 1:57 pm)
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Replying to: familydadx4 (May 27, 2009 7:20 pm) Better yet, you may get to pay finance charges on the 8000 for the 4 or so years to pay the thing off. You do this to have a car that is not held in that high regard in the used market, or by the public. Probably around a Chevy, or less. For most production vehicles like this, one would like to eat around 3000 or so 1st year. Agree Hyundai is a much better car than it was 4 years ago, but the used scene hasn't changed in 20 years. A good sales price for the Sonata gls auto (msrp 20400) or elantra gls auto/pkg (msrp 17500) is around the $13000's . Less than this is something to get excited about. (the 08's trade in of both used is $10000) Good luck --jjf A You also have jfritsch: 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.
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Replying to: 4elantra (May 28, 2009 6:42 am) |
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Replying to: jfritsch (May 28, 2009 7:20 am) I have to laugh whenever I see statements like "a good sales price for the Sonata GLS auto is around $13000s." That is simply not a realistic price for that car. I challenge you to find ONE report here of someone who bought a new (non-demo/loaner) 2009 Sonata GLS auto with MSRP around $20,400 for the $13,000s. Maybe it has happened someplace, under very special circumstances. But I think it is misleading to suggest to buyers that a good sales price for that car is in the $13,000s. It sets unrealistic expectations for what is possible in this market. I know where deals like that CAN be found right now--try one of the Chrysler or GM dealerships that is being forced to close. I've seen reports of great deals available at those dealerships. |
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Replying to: 4elantra (May 28, 2009 6:42 am) |
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