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Hyundai Elantra Prices Paid and Buying Experience

3252 messages, Last post on Nov 03, 2009 at 8:28 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: 09elantraowner (Aug 26, 2009 5:49 pm) You can find information about TMV here: TMV Everyone is entitled to their opinion about it....
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Replying to: kyfdx (Aug 27, 2009 3:19 am)
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Replying to: bpizzuti (Aug 27, 2009 4:45 am) |
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Replying to: jfritsch (Aug 26, 2009 6:44 am)
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Replying to: 8sparkplugs (Aug 28, 2009 8:57 pm) You also have to consider that the C4C money does count as income, and will be taxed come April 15. For some people that might not be much, but for others it could easily be over $1000 Huh? According to www.cars.gov/faq: Is the credit subject to being taxed as income to the consumers that participate in the program? NO. The CARS Act expressly provides that the credit is not income for the consumer. |
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Replying to: 8sparkplugs (Aug 28, 2009 8:57 pm) |
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| Now I can't wait to see what deals people are going to get without C4C. Lurkers, please post! | |
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On August 31st, I purchased a 2009 Hyundai Elantra GLS w/ the Popular Equipment Package and Carpeted Floor Mats for $14,900 before tax, title & registration. No additional dealer fees. I bought it at the Hyundai dealership in Long Island City, Queens, NYC and paid cash (no financing). I came in with an ad they placed in the newspaper, and an internet quote I received from the Hyundai dealership in Manhattan ($13,500). I asked for a bottom-line price because I was ready to purchase, and I told her a story about how my wife (who was at work at the time) was set on the Corolla but that I wanted to convince her Elantra as a better value. She brought my papers to her manager and she came back saying that they could not sell it for $13,500 because it is a financing price. She said that the lowest price she could give me was $14,900. I took her first offer because: 1) It was August 31st and the $2,000 manufacturer's rebate was going to expire. Now I know dealers will frequently renew incentives, but I didn't want to take the risk. 2) My wife needed a car by mid-September for work, so there wasn't much time left to get one. In addition, she (and I) are new-ish drivers who haven't been on the highway and we need time to practice (further limited by taking a vacation on Labor Day). I had been shopping for used cars in the $9k-$10k Corollas/Civics not including an extended warranty, but then I saw the Elantra deal and thought that it would be a small premium to get a brand new car for our first. 3) The price was lower than my CarsDirect price, the Edmunds TMV and the KBB price. 4) The saleswoman was extremely nice to us, didn't try to upsell us on any extended warranty or other features/options like Bluetooth (almost every other Elantra came with it), went above and beyond to show us every single feature in the car and literally explain everything about the car, the warranty, and also gave us advice on insurance. She didn't play any games (which I was nervous about since I've read so many horrible stories about them), came back with a reasonable price, promised us no additional fees...so I called my wife to get her approval, and we bought it. Now I'm reading some of these deals on the forum and wondering if maybe I should be negotiated a little more. Like maybe I could have gotten it down to 14,500 or even 14,000. To be honest, if I was dealing with a pushier male salesperson, I might have and I can be pretty vicious. I actually had all this stuff I printed out from dealerrater.com and carbuyingtips.com that if anyone tried anything fishy, I would pull it out and recite stuff word for word in an insulting tone, lol. I wished that I would found out about this forum beforehand, maybe I could have used info from some of your deals...
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Replying to: amazingjason (Sep 02, 2009 5:51 pm) Like you, I had the money to pay cash but chose not to. To make myself feel better about paying too much for the car, I financed the car through a credit union paying 2% per year financing charge. So far I've made about $500 in the last three months investing the money for the car into a conservative bond fund. It makes me feel better. In the long run, I'll make more money than I could have saved by bargaining harder. But, I understand the stock market better than I do buying cars. Lesson learned, I will bargain harder next time. But, in the meantime, I'm going to enjoy my new ride. You should too. |
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A reporter is looking to speak to consumers who recently purchased a Hyundai. Please send your daytime phone number to ctalati Thanks, Chintan Corporate Communications Edmunds.com |
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