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Hyundai Elantra, Hatchback, Sedan
#2979 of 4450 2009 Elantra GLS - OTD Price Cash for Clunkers
Jul 12, 2009 (6:03 am)
Just thought I would post my experience. Hopefully it will help some of you looking for the best Out the Door price using the Cash for Clunkers program.
I am in Fort Worth, Texas.
Traded in a 1999 Plymoth Voyager Minivan that qualified as 18mpg on the Cash for Clunkers program. Based on the fact that the Elantra got better than a 10mpg improvement, I recieved the full 4500 credit on my trade in. I did look at the Sonata as well, but it was rated at 27mpg, which would have made it only worth 3500 on the program.
Purchased a 2009 Elantra GLS, Auto, Popular Equipment Package for an OTD price of 10,900. For anyone that does not know what OTD means, it is Out the Door, all Taxes, Documentation, Fees, Addons, everything. Most of the Dealers are reluctant to quote OTD prices. I asked 6 dealers for their best OTD price, and spelled out what I wanted and only two did it initially. Two of the six ignored my DO NOT call me request that I made in caps at the very top of my email.
Dealers quoted (after more explanation about what I meant by an OTD price)11,400, 11,300, 11,100 and finally 10,900. One dealer said that they could not match 10,900 when emailed them back that was my best offer so far. (That made me feel good), One of the dealers that never did email, and just called after I had already purchased, said they could have beat that deal. (sour grapes) One of the dealers never did send me an OTD price.
So that was my price That was no money out of pocket, and I even pulled my brand new radio out of the Van at the dealership. It will be ebayed in the next few weeks to pay for tinting. =)
I personally feel like a got a good deal, but who knows, maybe they will crank up even more rebates here in the next few weeks and I will be sorry I got in early. I look forward to seeing what some of you are able to do.
I should point out that only a few of the Hyundai dealerships are participating in the Cash for Clunkers program early. The others are waiting for official rules. I promised the dealer I would come back in and fill out any additional paperwork if needed later. But I am not on the hook for any of the risk at all.
It is worth noting that I visited Ford and Kia and both of them tried to make the argument that you are not really getting the value of your car on the Cash for Clunkers program, they argue that Hyundai is using rebates to cover the cost of the car. Don't you just love being treated like you're and idiot. =)
Oh, and I love the car. That was an unexpected bonus. I just wanted to get a reliable, safe car with great gas milage, but I wound up getting somewhat of a pleasant surprise.
#2980 of 4450 elantra se's?? where are they?
Jul 12, 2009 (7:24 am)
So I want an Elantra SE. I live in Buffalo. There are TWO!!!! SE's left in the whole entire area. Apparently the one dealership is supposed to get some in this week.
Has anyone else been met with the problem that they are overstocked on GLS's but not on SE's?
#2981 of 4450 Re: 2009 Elantra GLS - OTD Price Cash for Clunkers [fullblast]
Jul 12, 2009 (7:26 am)
Thanks for the report. A couple of questions: what did you get for your van (i.e. did you get any additional salvage value for it, or just the $4500), and was sales tax calculated before or after the $4500 was deducted (I realize that may vary by state)? Also if you could itemize for us the costs that would be helpful, e.g. what was the price before the Hyundai rebate, clunker cash, and any salvage value was deducted, and before taxes and fees were applied? Those costs should be itemized on your purchase order. Thanks.
#2982 of 4450 Re: elantra se's?? where are they? [juliejean13]
Jul 12, 2009 (7:29 am)
This seems to be a common problem. I see few SEs in my area also. I think that is because the SE is popular due to its "top choice" rating by Consumer Reports, its standard ESC (not available on the GLS), and its better handling compared to the GLS. Also those 16" 5-spoke alloys look a lot sharper than the GLS' plastic wheel covers. And it could be also that Hyundai is shipping relatively few SEs compared to the less-expensive GLSes, thinking (hoping?) if people have a choice between a Sonata GLS or Elantra SE for about the same money, they will take the Sonata.
#2983 of 4450 Re: 2009 Elantra GLS - OTD Price Cash for Clunkers [backy]
Jul 12, 2009 (7:41 am)
There is no double dipping. So you do not get a salvage value in addition to the 4500. I probably could have stripped a bunch of stuff off and still traded it for the same amount.
Sales Tax was after my Clunker Credit. Stuff isnt with me but I believe that the sales tax was around 650 here in TX. The only reason I remember that number is that it can be written off on taxes this year. (Still have a lot to check into reguarding that)
Honestly I probably will not be posting itemization. Everyone is going to be different depending on where you live. Just keep after that OTD price, dont be distracted by anything else they throw at you.
I just hope that in a month, I didnt pay way more than everyone else. =)
#2984 of 4450 Re: 2009 Elantra GLS - OTD Price Cash for Clunkers [fullblast]
Jul 12, 2009 (7:52 am)
From the official CARS website, it appears that you can negotiate a trade-in/salvage value from the dealer in addition to the CARS cash:
The law requires your trade-in vehicle to be destroyed. Therefore, the value you negotiate with the dealer for your trade-in vehicle is not likely to exceed its scrap value. The law requires the dealer to disclose to you an estimate of the scrap value of your trade-in vehicle.
However, the full details on how trades will be handled are not yet published--should be around July 24.
The reason I asked for an itemization is because of exactly what you said--everyone is going to be different depending on where they live. So it helps to have the info on sales price before taxes and fees, which vary by transaction and location, are added in. Also the rebates each person qualifies for can be different.
#2985 of 4450 Re: 2009 Elantra GLS - OTD Price Cash for Clunkers [fullblast]
Jul 12, 2009 (6:04 pm)
Your definition of OTD is meaningless when talking about the price you paid for the car you bought. i.e., if you traded-in a '63 Corvette split window coupe, "your OTD" would have been much less...or you might have been paid to take the new car. OTD should = what you paid for the new car including all dealer fees & taxes.
Hyundai's Sonata rebate is $3,000, while it is $2,000 on the Elantra. There goes your $1,000 cash for clunker difference. If you liked the Elantra better, that's a matter of personal preference and a good choice. However, the cash for clunker program doesn't make economic sense in the instance you cited.
#2986 of 4450 Re: 2009 Elantra GLS - OTD Price Cash for Clunkers [bhmr59]
Jul 12, 2009 (6:47 pm)
I gave all the info that I thought may help someone in there pursuit of a new car on the Cash for Clunkers program.
My definition of OTD is defined. My trade in was for 4500. That was all I put down on the new car. I stated the two options I got on my car, Auto and the Popular Convience Package. Anyone should be able to use that information to get some idea of the kind of deals that are out there.
You know the funny things is, I could not find any solid information when I was looking at the car. I didn't have ot post anything here at all, but I thought it may be helpful to the next person that was looking at getting in on the program early.
Consider it a lesson learned on my part.
I hope everyone else is as happy with the deal they get and the car as I am.
Oh, and the Sonata, does have 3000 cash back, but with that and 3500 from my vehicle the OTD price was about 14500 (I never haggled on this price so it may have gone a bit lower) and that was more than I wanted to spend.
#2987 of 4450 Re: 2009 Elantra GLS - OTD Price Cash for Clunkers [bhmr59]
Jul 13, 2009 (2:16 am)
The thousand dollar difference in the rebate between the Elantra and the Sonata does NOT bring these two vehicles anywhere remotely close on price (comparably equipped models of course). Two entirely different price points and marketed audiences IMHO. Go ahead and price out a GLS auto Sonata and do the same for the Elantra. More to the tune of $2500-$3000 difference.
The mpg for over-the-road commuting is surprisingly close I'll admit for those concerning themselves with future gas prices. I did look at that in my search but the Elantra SE v. Sonata SE became a no brainer when looking at the initial lower cost of the Elantra. That SE they're putting out there is very well equipped with a very reasonable price structure. Totally understand fullblast doing what he did on his GLS purchase.
#2988 of 4450 Re: 2009 Elantra GLS - OTD Price Cash for Clunkers [joegiant]
Jul 13, 2009 (6:20 am)
Interesting. When I bought my car in May 2009, there was no price difference between the Sonata GLS and the Elantra SE. I was really surprised that I could get a Sonata for the same price as the Elantra SE.