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Hyundai Sonata Prices Paid and Buying Experience

6610 messages,  Last post on Dec 03, 2009 at 8:47 PM

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What is this discussion about? Hyundai Sonata, Sedan


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#1260 of 6610
Re: Hyundai Sonata LX with Package # 3 [hbsprite] by mrenginear
Jan 08, 2006 (6:51 pm)
Reply

Replying to: hbsprite (Jan 08, 2006 6:42 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 6610
Re: 2005 Hyundai in January of 2006 [averigejoe] by bomar60
Jan 09, 2006 (7:28 am)
Reply

Replying to: averigejoe (Jan 07, 2006 5:36 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 6610
Re: 2005 Hyundai in January of 2006 [bomar60] by bomar60
Jan 10, 2006 (8:31 am)
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Replying to: bomar60 (Jan 09, 2006 7:28 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 6610
Re: 2005 Hyundai in January of 2006 [bomar60] by bhmr59
Jan 10, 2006 (10:06 am)
Reply

Replying to: bomar60 (Jan 10, 2006 8:31 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.
#1264 of 6610
Re: 2005 Hyundai in January of 2006 [bomar60] by averigejoe
Jan 10, 2006 (5:49 pm)
Reply

Replying to: bomar60 (Jan 10, 2006 8:31 am)

Under $15,000 ? Sounds like a great price. You might want to add some $ back in to account for the new car warranty.
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.
#1265 of 6610
Re: 2005 Hyundai in January of 2006 [averigejoe] by doylehargraves
Jan 11, 2006 (12:42 pm)
Reply

Replying to: averigejoe (Jan 10, 2006 5:49 pm)

Great info on this board. thanks.
 
On the 2006 LX...Just got an e-mail back from a local Hyundai dealership in Dallas that said "they would sell this car for only $150.00 over invoice minus all rebates you qualify for."
 
sounds too good to be true. Invoice s/b about 20,961 on the LX, plus $150, less $2000 rebates = 19,111.
#1266 of 6610
GLS4 by swva_gls4
Jan 11, 2006 (3:39 pm)
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$17,491 plus TTL, in Roanoke - best I could find in Virginia from Bristol to Midlothian, of those who would answer my e-mail
 
No. 2 was in Charlottesville, $17,755 + TTL
 
final assembly point - "Montogomery"
#1267 of 6610
Re: 2005 Hyundai in January of 2006 [doylehargraves] by mrenginear
Jan 11, 2006 (4:27 pm)
Reply

Replying to: doylehargraves (Jan 11, 2006 12:42 pm)

dont forget to add teh destination charge..thats not part of invoice..add on another $600 (by me at least). i got mine about $250 under invoice including dest charge - or 21.3 minus 2k, then add on ttl and documentation fee (149)
#1268 of 6610
Re: GLS4 [swva_gls4] by splongyuan
Jan 12, 2006 (9:04 am)
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Replying to: swva_gls4 (Jan 11, 2006 3:39 pm)

How about alexandria hyundai?
They gave me $17,000 OTD price for GLS 4-cyl with no options.
#1269 of 6610
2006 Sonata Prices by w9cw
Jan 12, 2006 (10:20 am)
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I just received these price quotes from a local dealer. How do they measure up to what other's are paying? Note: The Selling Price, includes the destination charge, but not doc fees ($55) and sales tax (6.75%). The license and title registration fee of $143 is also not included.
 
2006 Sonata GL Automatic (no other options)
 
Selling Price: $17,149
Rebate: $500
Finance Rebate: $1,000
Loyalty Rebate: $1,000
Total: $14,649
 
2006 Sonata GLS 4-cylinder Automatic (no other options)
 
Selling Price: $17,615
Rebate: $500
Finance Rebate: $1,000
Loyalty Rebate: $1,000
Total: $15,115
 
2006 Sonata GLS V6 Automatic (no other options)
 
Selling Price: $18,904
Rebate: $1,000
Finance Rebate: $1,000
Loyalty Rebate: $1,000
Total: $15,904

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