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Hyundai Elantra Prices Paid and Buying Experience

2726 messages,  Last post on Sep 05, 2008 at 7:18 PM

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


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#798 of 2726
Is this a decent offer? by george_s
Feb 25, 2005 (9:44 am)
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I received this offer for an '05 Elantra GLS from O'Brien's of Champaign, IL:
 
2005 Hyundai Elantra GLS
Automatic
Cruise control - 200
AM/FM/CD - 350
ABS - 595
MSRP - 15862
Sale - 15198
 
Sale Price - 15198
Trade Allow - 500 (est. only - site unseen - trade is '91 Olds Cutlass Calais with rough paint, mechanical issues, and 125,000 miles - I'll just be glad to have it gone and to be able to transfer the plates)
Difference - 14698
Doc Fee - 55.39
Sales Tax - 922 (6.25%)
Xfer plates - 80
Subtotal - 15755
Rebate - 1750
Total - 14005.39
 
He had given me a previous offer on an Automatic GLS without the options listed above and indicated that that quote included the destination charge, so I know I need to verify that the above offer also includes that $545 destination charge. I looked at Edmund's TMV, and if I remember right, this comes out to about $100 or so over that (though I could be wrong on that - forgot to write it down). I'm thinking of recouping that $100 by asking for him to throw in the carpeted floor mats and the trunk cargo net at the same price listed above.
 
I think the $1750 rebate expires on 2/28 - any thoughts on what rebate (if any) will be available after that? Can I ask if he can guarantee that cost savings (either through a rebate or some other means) even after 2/28? He hasn't applied any pressure by telling me it expires soon, though I did email him this morning and asked him how long it is good for.
 
I'm also not sure if he has this car on the lot, or if he'd have to trade for it. Color is not a concern for me, though I would like to stay away from black, white, or silver (the color of the Olds that I'm trading).
 
Thanks for your help!
#799 of 2726
Re: Is this a decent offer? [george_s] by backy
Feb 25, 2005 (10:52 am)
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Replying to: george_s (Feb 25, 2005 9:44 am)

Hard to tell what rebates will be in the future, but personally I think they would tend to stay stable or increase vs. decrease. It's a crap shoot, though.
 
The dealer's offer looks to me like it has more room in it, looking at MSRP vs. their offering price. Be sure to ask them what their offer is WITHOUT your trade-in. Then you'll know what the real discount is.
 
You might check on prices in Chicago to see how they compare. Even if you don't want to go there to buy a car, you can use them as leverage with the local dealer.
#800 of 2726
Re: Is this a decent offer? [george_s] by mike91326
Feb 25, 2005 (11:01 am)
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I went to Carsdirect.com and put in your zip code and numbers. Their price before the $1750 rebate is $14,723. I would go to Carsdirect, print out the numbers and take it to the dealer. Tell them to match the price or you'll buy it through Carsdirect. I'm sure they will match it.
#801 of 2726
Re: Is this a decent offer? [backy] by george_s
Feb 25, 2005 (9:25 pm)
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Replying to: backy (Feb 25, 2005 10:52 am)

My thanks to you both, backy and mike! One other question - I just noticed that he's taking the rebate off after taxes are calculated - is that the normal way of doing this? That means I'm paying taxes on the rebate.
 
Thanks again!
#802 of 2726
Re: Is this a decent offer? [george_s] by backy
Feb 25, 2005 (10:08 pm)
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Replying to: george_s (Feb 25, 2005 9:25 pm)

This practice seems to vary by state. In my state (MN), the rebates are deducted before sales tax is calculated. But I've heard that in other states, the tax is calculated before rebates are applied. Since the dealer does this all the time, they should know the correct practice. But if you want to be sure, you could check with the IL Department of Revenue.
#803 of 2726
Re: Is this a decent offer? [george_s] by danf1
Feb 26, 2005 (10:42 am)
Reply

Replying to: george_s (Feb 25, 2005 9:25 pm)

In Illinois sales tax is calculated on the net sale price after trade in. You should not be paying tax on the rebate.
#804 of 2726
Re: Is this a decent offer? [danf1] by dukepa1
Feb 28, 2005 (8:21 am)
Reply

Replying to: danf1 (Feb 26, 2005 10:42 am)

I just purchased a 2005 Elantra Hatchback, GLS for $11,480.25 plus tax and tags from a Dealer here in Deerfield Beach, FL. Think this is a good price. Am I correct ? I played 3 Dealers against each other to get this price. In fact, I actually agreed to pay $400 more 2 days earlier and the Dealer refused. When I called back I accidently got a different Salesman ( with the same name )and he gave me the car for $400 less. So, I wasn't going to refuse. Whats a Car Buyer to do ?Indeed.
#805 of 2726
Re: Is this a decent offer? [dukepa1] by danf1
Feb 28, 2005 (10:00 am)
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Replying to: dukepa1 (Feb 28, 2005 8:21 am)

If you bought a 5-speed with no options, then your price is about 400-500 below invoice which is a very good deal. If it has more equipment, then it is an excellent deal. Either way if you are happy with the price I'd say you did well.
#806 of 2726
press request by kirstie_h HOST
Feb 28, 2005 (5:28 pm)
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An auto writer for a large U.S. newspaper is looking for a few recent Hyundai or Kia buyers to ask them what they think of their cars. He's also is interested in talking to those who are thinking of buying a Hyundai or Kia. His deadline is Friday, March 4. If you're interested in being interviewed for his story, please respond to Kirsten Holguin at kholguinedmunds.com.
#807 of 2726
Re: Is this a decent offer? [danf1] by dukepa1
Mar 01, 2005 (10:36 am)
Reply

Replying to: danf1 (Feb 28, 2005 10:00 am)

Oh yeah, forgot to mention, on the 2005 Elantra Hatchback GLS I just purchased, it was automatic with the Cruise Option and the upgraded CD, 6 speaker option. Paid $11,480.25 before taxes and tags. Had to beat up several Dealers for this price, but I think it was worth it. Anyone with a better deal than this ?

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