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Prices Paid: Buying & Leasing Experiences Hyundai Elantra Prices Paid and Buying Experience
3257 messages, Last post on Dec 05, 2009 at 10:41 PM
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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 edmunds.com by Tuesday, September 8, 2009. Thanks, Chintan Corporate Communications Edmunds.com |
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I was quoted $17500 OTD price for 2010 Touring Auto with popular package. This also includes my trade in 95 Altima. Do you think its fair price or should I wait for rebates to start coming out?
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Replying to: januszk (Sep 11, 2009 3:46 pm)
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Replying to: georgebush1 (Sep 12, 2009 5:55 pm) |
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Replying to: georgebush1 (Sep 12, 2009 5:55 pm) |
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I'll volunteer my vehicle purchase info, maybe it will help others in my area. 09/19/2009 Fresno, CA I picked up a new 2009 Elantra GLS "Bare-Bones" (5spd Manual with no option package. No a/c, radio, cruise, vanity visors, nothing!) for $11,800 + TTL (i.e. the $11.8k computed from $13.8k less 2k rebate with no trade-in or other discounts). OTD was $13,374. Calculation is as follows: $13,800 - $2000 rebate + $1,243 (CA sales tax) + 55 doc fee + 29 electronic dmv filing fee + 160 license + 87 registration. Considering asking price on the window was $14,820 (pfft) which already reflected the 2k rebate and the final sale was $11.8k I assume I did well -- but I'm open to your opinions. Caveat: They were looking to dump this vehicle since they had two "bare bones" in stock that had been sitting for a LONG time on their lot. This particular vehicle is showing MANUF DATE NOV 08, MODEL YR 2009 and had 47 miles. There were significant (albeit very minor) little clear-coat scratches near the door handles which I assume is from a lot of test drives. The dealer documentation showed they initially received it back in Feb -- over 7 months ago! Isn't this a long time? It doesn't surprise me that nobody wanted a car without A/C in 100+ Fresno weather and without a radio. But I'll have it installed myself using the same vendors the dealers use in this area. I guess I'm only a little saddened that the beloved "New Car Smell" is only about half as powerful as the "Newer, Newest and Brand New!" cars on the lot. What do you think?
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Replying to: chris207 (Sep 20, 2009 1:47 am) Given the choice between the stripped Elantra for $11.8k or a used, well-equipped car with a certified manufacturer warranty, I would go for the used car. And that's before the additional costs for AC and radio.
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Replying to: backy (Sep 20, 2009 5:22 am) We have only 2 dealers in our immediate area (60 miles). The other dealer wouldn't even reply to my internet inquiries (of course I didn't tell this dealer that). If willing to travel 100 miles there are a bunch more. But I say this with the proper degree of self-humor (loathing?) that in general Fresnans do not drive far. We are spoiled (or lazy) about driving even though our roads and freeways are easy to navigate. A long work commute is 15 minutes and waiting through two red lights at the intersection is so detestable that most people just run the light 3-5 seconds after it turns red. So annoying. >> Given the choice between the stripped Elantra for $11.8k or a used, well-equipped car with a certified manufacturer warranty That was the decision we've always made with our prior car purchases. My wife and I went back and forth for two months, doing research and identifying our own needs before we finally decided on a new Elantra. We wavered so much we just decided to stick to that decision and focus on not getting taken on the purchase side of it. This dealer was pleasant to work with (relatively speaking of course) and definitely didn't play any obvious/obnoxious games. But even they used the "edmunds tmv is 12,300 and we can't go less than that". They hope you believe the 2k rebate is THEIR discount on the auto, so they are breaking even or losing money going lower than 12.3k (which incl rebate). Which of course is not true, they are getting 14.3k for it. And everyone in the back office is trained to tell you "wow what a great deal you are getting". I'm pretty hard nosed but it even made me lower my guard after hearing it a few times being there for 3 hours. I was definitely on a high after buying it yesterday. But if others have input I'd appreciate hearing an honest opinion about where I landed on the numbers side. I can't tell if the TrueCar report is the base GLS or if the Edmunds price is the car sale price (before rebate). Thanks for your input.
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Replying to: chris207 (Sep 20, 2009 2:23 pm) A: Scrap metal -- |
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I went in to the dealer pre-approved from my local credit union. I knew my rate wasn't great (my Experian fico 718) but I settled at 5.49%. I told them my rate and the Finance office came back with 5.29% (showing my TransUnion fico at 740) and they assumed I would take it (looking shocked after I declined). Now a day later, papers signed and I'm home (but have yet to finalize and take them their check since my credit union was closed this weekend) they leave a message on my phone saying "Wait, we found a better rate for you at 4%". Are there dealer kickbacks/profit on the financing? I assumed not but I'm wondering since THEIR first choice in financing was just barely under my pre-approved rate. My wife thinks its another game. Are we being too distrustful and should be happy they're trying to find better financing after the deal was essentially closed? |
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