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Hyundai Elantra Prices Paid and Buying Experience

3257 messages,  Last post on Dec 05, 2009 at 10:41 PM

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What is this discussion about? Hyundai Elantra, Hatchback, Sedan

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#2899 of 3257 Re: Elantra Touring Prem. Pckg with Automatic [trdsdd] by marlenelin May 27, 2009 (7:01 am)
Replying to: trdsdd (May 07, 2009 1:00 pm) The best price I found for the Touring was at Towne Hyundai in Denville, NJ. I took their estimate along with my Sienna tradein to Brad Benson's in South Brunswick, NJ and they were able to beat Towne by $800, giving me that much more for my trade. Do not go to Brad Benson's unless you have a price quote from another dealer that you want beaten. They are vultures and will give you a hard time leaving without buying.. Replies to this message: familydadx4 (May 27, 2009 6:52 pm) marlenelin (May 28, 2009 1:37 am)
#2900 of 3257 Re: Elantra Touring Prem. Pckg with Automatic [marlenelin] by familydadx4 May 27, 2009 (6:52 pm)
Replying to: marlenelin (May 27, 2009 7:01 am) Marlenelin:   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. Replies to this message: marlenelin (May 28, 2009 1:37 am)
#2901 of 3257 Re: Elantra Touring Prem. Pckg with Automatic [jfritsch] by familydadx4 May 27, 2009 (7:20 pm)
Replying to: jfritsch (May 21, 2009 8:51 am) 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.   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). Replies to this message: jfritsch (May 28, 2009 7:20 am) backy (May 28, 2009 7:36 am)
#2902 of 3257 Re: Elantra Touring Prem. Pckg with Automatic [familydadx4] by marlenelin May 28, 2009 (1:37 am)
Replying to: familydadx4 (May 27, 2009 6:52 pm) My receipt is written up strangely, but the bottom line is that I put out $3,050 which was $800 less than Towne and several thousand less than other dealers. This is how it is written: 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
#2903 of 3257 Re: 2009 Elantra Se automatic [curious31] by 4elantra May 28, 2009 (6:42 am)
Replying to: curious31 (May 26, 2009 1:57 pm) Thanks for info, did this include premium pkg (sunroof & heated front seats), or premium & leather pkg? Replies to this message: marlenelin (May 28, 2009 7:26 am) curious31 (May 28, 2009 8:12 am)
#2904 of 3257 Re: Elantra Touring Prem. Pckg with Automatic [familydadx4] by jfritsch May 28, 2009 (7:20 am)
Replying to: familydadx4 (May 27, 2009 7:20 pm) False. If you buy a 27000 hyunda limited sonata for what they usually go for ($20000), and the 08 has a used trade in value of under $12000, you've just paid over $8000 to drive a Hyundai the 1st 12 months, regardless if you keep the car 1year or 12 years.   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. Replies to this message: backy (May 28, 2009 7:36 am)
#2905 of 3257 Re: 2009 Elantra Se automatic [4elantra] by marlenelin May 28, 2009 (7:26 am)
Replying to: 4elantra (May 28, 2009 6:42 am) No, this did not include the premium package. I felt approximately $1500 more for sunroof, and larger wheels was not necessary for me. Mine does not have leather either. I had to try to keep the cost to $3,000 plus my Sienna LTD or else I couldn't buy the car (husband issue), so I came within $50 of my goal. Marlene
#2906 of 3257 Re: Elantra Touring Prem. Pckg with Automatic [jfritsch] by backy May 28, 2009 (7:36 am)
Replying to: jfritsch (May 28, 2009 7:20 am) Consider that the 2008 Sonata is now a 2 year old model, since it was introduced in early 2007. The 2009 Sonata is now over 1 year old, since it was introduced in early 2008. So when you are looking at a used 2008 Sonata for $12,000 trade in value, keep in mind that represents TWO years of depreciation--with less depreciation if you go by private party value vs. trade-in value.   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.
#2907 of 3257 Re: 2009 Elantra Se automatic [4elantra] by curious31 May 28, 2009 (8:12 am)
Replying to: 4elantra (May 28, 2009 6:42 am) It did not include the premium pkg just the standard features.
#2908 of 3257 Re: Elantra Touring Prem. Pckg with Automatic [67gtx] by colloquor May 28, 2009 (11:38 am)
Replying to: 67gtx (May 21, 2009 10:37 am) I know I'm replying to a several day old post, but here goes. I own a previous generation Elantra - a 2006 GLS sedan. Previous to buying the new Elantra, I've owned a Honda, Toyota, Mazda, SAAB, Volvo, Dodge Grand Caravan, and some other imports. My son bought a new Mazda 3 Grand Touring 5-door last summer. I, too, wouldn't call the Mazda a "much better" car, as my son's had a few problems, including a consistenly sub-standard A/C system. In comparison to the previous Honda and Toyota bought new, the Elantra takes a back seat to neither of them in build quality. In fact, the Elantra is the first new car I've ever purchased which had zero defects from the factory, and still does to this day - nearly 4 years after purchase, not one failure of anything.   I don't concern myself with depreciation, as I generally keep a vehicle for at least 10 years, sometimes much longer. In fact, I still have the '85 SAAB 900 I bought new in April 1985. Market perception is what drives depreciation levels, and sometimes this is not in step with reality.

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