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Prices Paid: Buying & Leasing Experiences Hyundai Sonata Prices Paid and Buying Experience
5383 messages, Last post on Aug 21, 2008 at 1:43 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: zen2 (Jan 04, 2006 12:30 am) Yeah, Hallman's Hyundai in Erie, PA is great like that. I like their sales team... but the financing team can leave something to be desired! Although my credit rating is flawless, I was told that I "didn't make enough of a monthly income" to finance for 60 months at 5.9%. Instead, I was forced to finance for 72 months at 6.9%. This was after me handing them a hefty down-payment of $6200 cash!! Not bad for a 23 year old medical student eh? Keep that for 90 days?? I think not. When my HMFC customer number came in the mail, I called USAA (insurance, loan, and banking company for military personnel) and refinanced immediately at a rate of 5.7% for 60 months. I don’t plan on keeping the loan for that long, but that is to at least get me until May. After that, I don’t have to pay for food / housing for two years. The beauty of 3rd and 4th year of medical school – get an education from hospitals that offer room and board. Then, most of my Air Force stipend will go to paying off the principal of my loan. But anyway, that's beside the point. I just wanted to share a little more background information as to why I did NOT keep my loan with HMFC for 90 days. If Hallman's would've let me initially finance for 60 months at 5.9% I might not have refinanced at all! Oh well, sorry HMFC - I have to do what is right for me. docjosh
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Replying to: docjosh (Jan 04, 2006 9:58 am) Just shows that the finance guys at the dealership weren't too bright. You, I and most people probably wouldn't bother refinancing a 60 month note for a 2/10% difference in the interest rate. Especially with a relatively low amount borrowed. Heck prepaying a couple hundred bucks early in the note will probably save as much interest as refinancing for 2/10%. 
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Korean automaker Hyundai Motor Co. Ltd.'s (005380.KS) sales fell 13.7 percent last month (December) and were down 7.7 percent in 2005. Toyota sales were up about 10% this month.
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Replying to: toyotafreek (Jan 04, 2006 9:23 pm) Check post #3584 on the Sonata 2006+ forum for more details, by model sales. |
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Replying to: toyotafreek (Jan 04, 2006 9:23 pm) Second, Hyundai's U.S. sales figures have been posted in other Hyundai discussions here and they were UP for both December year-on-year and were up for 2005 compared to 2004, despite lagging sales of the aging Santa Fe. Sonata sales really picked up in the past two months, over 14,000 in November and over 20,000 in December. It is now Hyundai's best-selling car in the U.S., topping the Elantra in 2005. |
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They charge me $0.50 "Convenience Fee" every time I make a payment online. And the scheduled payment date must be two days early than due date ( they calculate the interest based on due date, though). They can earning a couple of dollors by doing these sick things, but it's not a smart move. Hyundai's finance & service are much worse than Toyota. It takes no more than one hour to change oil in Toyota dealership on weekend, but for Hyundai, their schedule on weekend is always full. They won't change oil for your car even if you go there at 9am.  Though I'm happy with my first hyundai -- 06 sonata, that might be the last hyundai in my home. Did anyone pay extra principal of the loan besides the regular monthly payment? How to do it on line? Thank you! |
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I am currently looking to purchase a new 2005 XG350L in the Phoenix area (I know this is the Sonata board, but there isn't a board for the XG350). After subtracting the current $3000 rebate, MSRP is $24,159 - Dealer Invoice is $21,486 - and TMV is $21,949. Looking around the Web, there are at least 20 inventory vehicles of this model at various dealers around the Phoenix area. I have received quotes from some of these dealers ranging from $20,088 to $21,986 (+TTL). The dealership that quoted me $20,088 had an ad offering the vehicle at that price with an additional $2000 in rebates (for which I do not qualify) making the final ad price $18,088. I have not made any offers as of yet. I am wondering now, since the vehicle is a year old, and depreciation is quite high on these models ($9263 first year, according to Edmunds), if some amount of depreciation should be taken into account in the final purchase price. Does anybody have a feeling or some knowledge on this? I know the vehicles are still on the dealer's lot, and have never been titled, so they cannot be called "used", but my instincts tell me I shouldn't pay near the "new" price. What say ye?
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Replying to: bomar60 (Jan 05, 2006 3:37 pm) Last year, January 2005, the 2005 XG 350 L was advertised at $18995 in the Phoenix area. That price was available if you already owned a Hyundai (loyalty rebate). So maybe you should pay much less now since the car is a year older now. But back then gold was 425 per ounce. Now it is 525 per ounce. The dollar has lost almost 25% in buying power in a year compared to gold. So maybe you should pay more for the older car now. Haha. No help from me. Check the newspaper ads for the last month or so and make an offer equal to no more than the lowest advertised price that you should have qualified for. You should be able to get one for that. The XG 350 L is a really nice car if you get one for a low price.
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Replying to: averigejoe (Jan 05, 2006 6:09 pm) I didn't see an XG350 board under the Prices Paid: heading. If I had bought an ounce of gold in January 2005, and was to sell it now, I would make $100 profit. Even if adjusted for inflation, still a profit. If I had bought the XG350L at that time and tried to sell it now, I would not make any profit, and in fact would lose substantial money due to the high depreciation rate on the Hyundais. My thinking was, that the dealers should also have to contend with this depreciation, and take it into account when pricing their year old vehicles. I was wondering if anyone else felt this was valid, or if the nature of the business just doesn't take this into account.
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Replying to: tulipyu (Dec 30, 2005 10:00 am) -b |
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