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Hyundai Sonata Prices Paid and Buying Experience

5383 messages,  Last post on Aug 21, 2008 at 1:43 PM

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What is this discussion about? Hyundai Sonata, Sedan


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#1254 of 5383
FRAUD at Freehold Hyundai in NJ by johnbush
Jan 07, 2006 (9:03 pm)
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Asbury Park Press ad: "30 available at this price- 2006 Sonata LX $12,999 + 500 mil rebate + 400 coll grad rebate + 1000 Hyundai loyalty rebate + 2000 dlr loyalty rebate" = $16,899 (I'm adding these back in assuming we do not qualify for anything) Of course price is after $1000 Sonata rebate and $1000 Hyundai financing rebate.
So you should be able to buy it for 16,899 + the dealer doc fee of $199(that's fair)+ tax(you would pay sales tax on 18,999-before the sonata and financing rebates)
FINE PRINT says "price includes all costs to be paid by consumer except for licensing costs, registration fees, and taxes" GUESS WHAT, WHEN YOU SIGN they tack on $600 in freight, $1695 dealer appearance pkg (pin stripes), and $200 window etching, SCAMMING US FOR $2495. NOBODY has paid the ad price. THIS IS OUTRIGHT FRAUD. Go there and demand to buy the Sonata ad. OH,YOU BETTER BRING THE AD,THEY SAY THEY DON'T HAVE IT THERE. WHAT? You don't have your own ad? - Every other dealer I go to has their ad posted!
#1255 of 5383
Re: FRAUD at Freehold Hyundai in NJ [johnbush] by backy
Jan 07, 2006 (10:40 pm)
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Replying to: johnbush (Jan 07, 2006 9:03 pm)

Another great example of, "If a deal sounds too good to be true... it probably is!"
#1256 of 5383
Hyundai Sonata LX with Package # 3 by sfosri
Jan 08, 2006 (1:38 pm)
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I wanted to ask forum members if they think CARSDIRECT.COM prices are good, I have not been able to have two dealers including one that is a Carsdirect dealer match the price that CARSDIRECT provides on its website.
 
For instance the price for a Hyundai Sonata LX with Option 3 (Moonroof+6 CD Changer) is $22,439.00. This is their price without any rebates.
 
You can get $1000 in Customer Rebate, $1000 in HMFC rebate if you finance through Hyundai (you can pay it off in 90 days I was told, but some forum members have said you can pay it off sooner than that), 1000 in Owner Loyalty on the LX if you have another Hyundai. Since I have a Hyundai Santa Fe which we love, I would qualify for this rebate as well.
 
So the total would be: $19,439 before other charges like Taxes, Registration etc.
 
So can any forum members tell me why bother with a Car Dealership when you can just figure all this out in 5 minutes on the carsdirect website? Are there dealers who can beat this?
 
The local sacramento dealer says, he cannot sell for almost a $1000 below invoice which is what carsdirect was offering.
 
Also are there any other websites that actually show you the total price you would pay if you buy through them?
 
Regards
Srini
#1257 of 5383
Re: Hyundai Sonata LX with Package # 3 [sfosri] by backy
Jan 08, 2006 (1:50 pm)
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Replying to: sfosri (Jan 08, 2006 1:38 pm)

The Carsdirect price looks to be $400 under invoice--invoice on the LX with pkg 3 is $22,839. Still a good deal though. Maybe your local dealer added an advertising fee to their invoice price.
#1258 of 5383
Re: Hyundai Sonata LX with Package # 3 [sfosri] by bhmr59
Jan 08, 2006 (4:42 pm)
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Replying to: sfosri (Jan 08, 2006 1:38 pm)

Edmunds TMV is also a good barometer. Often, it is lower than carsdirect. Check them both. My local dealer tried to rip me a new one when I mentioned carsdirect. He went nuts!
 
I bought out of state (and paid my state's sales tax) and paid a few hundred less than carsdirect price last April. Price I paid was a little under TMV at the time.
#1259 of 5383
Re: Hyundai Sonata LX with Package # 3 [bhmr59] by hbsprite
Jan 08, 2006 (7:42 pm)
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Replying to: bhmr59 (Jan 08, 2006 4:42 pm)

It is possible to actually beat the carsdirect.com price. Using the fax attack method from fightingchance.com, I purchased a 2006 Sonata LX with option package 3 for $20,650 BEFORE any rebates. The MSRP was $23,495 and the carsdirect price was $21,161. In this case I was able to get the car for $500 less than carsdirect just by doing a little extra work. I find that Edmunds TMV is a good gauge of the "average" price paid for a vehicle. Unfortunately this "average" price includes the joe blo who walks into the dealer and pays sticker. In looking to get the best deal possible, I pretty much tend to ignore Edmunds TMV.
 
In this case, a little bit of homework can save you a lot of money. The Edmunds TMV for my car was $22,429 and I was able to get the car for nearly $2000 less than that!
#1260 of 5383
Re: Hyundai Sonata LX with Package # 3 [hbsprite] by mrenginear
Jan 08, 2006 (7:51 pm)
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Replying to: hbsprite (Jan 08, 2006 7:42 pm)

I paid ~250 under invoice for a 2006 Sonata LX (no moon roof package). Got the sales price to be 21,300, minus 1k cash minus 1k financing resulted in 19.3. This 19.3 included destination charge. Only paid for tax, title, licencing, dealier documentation fee (149 in this case).
 
North NJ hyundai dealer.
#1261 of 5383
Re: 2005 Hyundai in January of 2006 [averigejoe] by bomar60
Jan 09, 2006 (8:28 am)
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Replying to: averigejoe (Jan 07, 2006 6:36 pm)

Joe,
 
   That is something I haven't quite figured out yet. I was wondering if anyone else thought this idea was valid, or had tried something like it themselves.
 
   I would imagine the entire $9200 depreciation would not come off the price, but taking some portion of it into account seems fair.
 
   I will take another look at all the pricing info I have and work something up for posting later.
 
   I appreciate your responses.
#1262 of 5383
Re: 2005 Hyundai in January of 2006 [bomar60] by bomar60
Jan 10, 2006 (9:31 am)
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Replying to: bomar60 (Jan 09, 2006 8:28 am)

O.K. I have worked up some numbers. I think this is a logical approach, but as to whether a dealer would accept the offer....who knows?
 
Looking at the first year depreciation here on Edmunds, I found that the depreciation rate was 37 percent of the TMV (before rebates). The TMV for the vehicle I am looking at is $24949; therefore depreciation would be $9231, leaving a residual value of $15718.
 
Reading around the Web, I have found that dealers will give you a deduct of about 15 cents per mile if you buy a demo vehicle. For most Depreciation and True Cost to Own calculations, Edmunds and other Auto Guide sites estimate 15000 miles per year. I figure you could give this amount back off of the depreciation value, because the vehicle has not been driven that amount while on the dealer's lot. This would give back to the dealer an amount of 15000 x .15 = $2250.
 
Therefore, my calculated value for the vehicle would be 15718 + 2250 = $17968
 
Hyundai still has a $3000 rebate on this model, so the purchase price would be 17968 - 3000 = $14968 +TTL
 
So, that's my thinking. As I said, I feel it is logical, but if it would get a positive response, I haven't the faintest notion. What does anyone else think?
#1263 of 5383
Re: 2005 Hyundai in January of 2006 [bomar60] by bhmr59
Jan 10, 2006 (11:06 am)
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Replying to: bomar60 (Jan 10, 2006 9:31 am)

Another way you might try: Take the used car retail value from Edmunds or KBB or NADA figuring low, low miles, like 1,000. Use "retail" because the dealer is retailing it. Consider it a "used" because once it is registered to you it is a "used" car. Then deduct rebates from that used car, with really low mies to arrive at what to offer.

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