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Prices Paid: Buying & Leasing Experiences Hyundai Sonata Prices Paid and Buying Experience
5747 messages, Last post on Oct 07, 2008 at 5:13 AM
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Replying to: johnbush (Jan 07, 2006 9:03 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
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Replying to: sfosri (Jan 08, 2006 1:38 pm) |
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Replying to: sfosri (Jan 08, 2006 1:38 pm) 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.
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Replying to: bhmr59 (Jan 08, 2006 4:42 pm) 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!
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Replying to: hbsprite (Jan 08, 2006 7:42 pm) North NJ hyundai dealer.
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Replying to: averigejoe (Jan 07, 2006 6:36 pm) 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.
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Replying to: bomar60 (Jan 09, 2006 8:28 am) 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? |
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Replying to: bomar60 (Jan 10, 2006 9:31 am) |
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Replying to: bomar60 (Jan 10, 2006 9:31 am) Buy a couple. I know you'll enjoy them if you are not expecting sporty handling. Compared to most minivans, it may seem like a sports/luxury car.
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