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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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#1692 of 6610
1200 Miles under Fifty Five? Not in todays Hyundai! [mamixt] by rhduke00
Mar 24, 2006 (8:20 pm)
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Page 1-3 of 2006 Sonata Owner's Manual:
 
"...You can contribute to the economical operation and durability of your Hynduai by observing the following recommendations during the first 1,200 miles (2,000 km)
 
Don't drive faster than 55 MPH (88 kmh)...."
#1693 of 6610
What do you think about this price? by suzannafl
Mar 24, 2006 (8:24 pm)
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Planning on buying this week-end to replace my beloved 15 year old Accord that has 194,000 miles.
 
Internet price for Pearl White Sonata LX with sunroof is $20,700.
$22,566 out the door.
$1,118 for extended 10 year bumper to bumper.
Prices seem in line, looking for second (or more) opinions.
 
Also, what do you think the chances of this car lasting as long as my Accord?
 
Thanks,
S
#1694 of 6610
Re: 1200 Miles under Fifty Five? Not in todays Hyundai! [rhduke00] by miamixt
Mar 24, 2006 (8:42 pm)
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Replying to: rhduke00 (Mar 24, 2006 8:20 pm)

I just put the Manual in my Car, sorry. I am not sure there has been one Car I've kept to 55 during the first 1200 Miles. My car came with a 110 miles/six month demonstration period, so the Engine is somewhat broken in by total strangers who did lord knows what to it. Plus I've had the V6 carefully up to about 80 and it is smooth yet it growls, what a great Car!
#1695 of 6610
Re: What do you think about this price? I don't like it! [suzannafl] by miamixt
Mar 24, 2006 (9:04 pm)
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Replying to: suzannafl (Mar 24, 2006 8:24 pm)

Your price seems too high. How much are the Rebates?. And don't buy the Warranty. You are getting America's best factory Warranty program to begin with. My out the door price was $3000 less. I'm still amazed my deal went through, and a couple of us have scored an LX out the door for less than $19,000. I can't explain it, aside from repeating what another Poster observed: "They seemed to be buying my Business". In my case, the Dealer needed to sell a car, more than I needed to buy it, now that's weird?. Best time to buy a Car is when no one else is present in the Showroom, on a really bad day or Week for them. A bad Month is even better Good luck on the LX, you'll love it!
#1696 of 6610
Re: What do you think about this price? I don't like it! [miamixt] by suzannafl
Mar 24, 2006 (10:03 pm)
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Replying to: miamixt (Mar 24, 2006 9:04 pm)

A friend of mine got $3,000 worth of rebates.
My price includes a $1,000 rebate for V6 or something like that.
I'm not financing through HMFC, so not taking that rebate.
Nor eligible for the repeat buyer or anything else.
 
Where are you located?
When did you buy?
I don't think I am going to find a dealer needing to sell!
 
S
#1697 of 6610
Re: What do you think about this price? [suzannafl] by backy
Mar 25, 2006 (7:14 am)
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Replying to: suzannafl (Mar 24, 2006 8:24 pm)

The invoice on this car is $23,065. Since it looks like you are only getting $1000 in rebates, it looks like you are getting an excellent price. You might consider financing through HMFC just to get the rebate--you can refinance at any time.
 
Also you do not need to buy the extended warranty now. You have until the car is one year old or 12,000 miles, whichever comes first. The extended warranty will do you no good in the first year unless you drive more than 60k miles. So you may want to wait and shop around in a year. You can buy the extended warranty from any Hyundai dealer. If you really want to buy it now, perhaps letting the dealer know that you know that you can wait will result in a better offer on it.
 
If you take good care of the car, it should last a long time. The quality of Hyundais is superior to that of Hondas from 15 years ago.
#1698 of 6610
Re: What do you think about this price? [backy] by suzannafl
Mar 25, 2006 (8:03 am)
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Replying to: backy (Mar 25, 2006 7:14 am)

As long as it is before the first payment, my credit union would flip the loan.
Any time longer, I have the used car interest rate which is a point higher than new car rate.
I have to have the loan at least 3 months or Hyundai has a penalty.
So I don't think the aggrevation is worth the few hundred dollars.
 
Thanks for the extended warranty info, I'll wait on that purchase.
 
I know since I keep cars it is really not an issue, but I'm finding the Hyundai depreciates alot, quickly (compared to Honda).
I always liked knowing I had some "equity" in my car.
Should that be a concern?
 
Thanks.
S
#1699 of 6610
Leave it to Backy Suzanna. Plus there is no HMFC penalty. by miamixt
Mar 25, 2006 (8:16 am)
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Backy is the voice of reason, and will be giving his Kids both Elantras soon, so he can get an LX. Save the $1100 on the Warranty for now. Also, see if you can qualify to finance just $10,000 through HMFC to obtain the additional $1000 discount. While there is no special A.P.R. rate offered, you can refinance after, at no penalty. I understand what you are saying about the other 1 point. I finally wasn't approved and paid Cash , yet the $1000 rebate was built into my deal, and wound up being a 'deal saver'. I notice you live in Florida?. I live in South Florida, and another Floridian from New Port Richie wound up with a $18.1K LX. If I use creative Math I can beat those figures too. Can you obtain a junker Hyundai for the other $1000 rebate. And the new National Commercials are touting up to $3500 in rebates, with the $500 Auto show coupon, find an Auto show?. Yes Hyundai's depreciate more than you think. Whatever you do, the price you mentioned was OK, but the Car you are buying is way OK!. Good luck, let us know what happened?.
#1700 of 6610
Re: What do you think about this price? [suzannafl] by backy
Mar 25, 2006 (8:40 am)
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Replying to: suzannafl (Mar 25, 2006 8:03 am)

Ask the dealer for the documentation that says there is a penalty if you do not make at least 3 payments. In most states there is NO pre-payment penalty. Some Hyundai dealers have been reported to tell buyers they must make 3 payments because there is an incentive to the dealer to do so. Some lenders will give new car rates up to 6 months or so--too bad yours requires flipping before the first payment.
 
The higher rate of depreciation on Hyundais vs. Hondas is made up for by the lower purchase price. For example, I assume you have priced a comparable Accord V6 with leather and sunroof, and you know that it will cost you thousands more than the price quote you got on the Sonata LX. The fact is, it will be some time before you have equity in any new car; they lose thousands almost the moment you drive them off the lot. Since you keep cars [awhile?], it is not an issue.
#1701 of 6610
Re: What do you think about this price? [suzannafl] by kman54
Mar 25, 2006 (8:56 am)
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Replying to: suzannafl (Mar 25, 2006 8:03 am)

Backys right.....Have the salesman show you where that 3 month rule is stated in the Hyundai Installment Contract. Chances are its not there. It wasnt in my case. I paid my Hyundai Contract off in 2 weeks and was only charged the interest due from the date of sale on the car and the date of payoff from the new refinance company. Get that extra 1000.00 rebate! Its worth the time you invest to make it all work.

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