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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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#1698 of 6610 Re: What do you think about this price? [backy] by suzannafl Mar 25, 2006 (8:03 am)
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 Replies to this message: backy (Mar 25, 2006 8:40 am) kman54 (Mar 25, 2006 8:56 am) tb88 (Mar 25, 2006 11:31 am) lightfootfl (Mar 26, 2006 6:31 am) suzannafl (Mar 26, 2006 6:56 am) lightfootfl (Mar 26, 2006 7:24 am)
#1699 of 6610 Leave it to Backy Suzanna. Plus there is no HMFC penalty. by miamixt Mar 25, 2006 (8:16 am)
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?. Replies to this message: suzannafl (Mar 25, 2006 10:00 am)
#1700 of 6610 Re: What do you think about this price? [suzannafl] by backy Mar 25, 2006 (8:40 am)
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)
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. Replies to this message: tb88 (Mar 25, 2006 11:31 am)
#1702 of 6610 Re: Leave it to Backy Suzanna. Plus there is no HMFC penalty. [miamixt] by suzannafl Mar 25, 2006 (10:00 am)
Replying to: miamixt (Mar 25, 2006 8:16 am) You mean, have two loans on the car? Can I do that?   My quote is from the New Port Richey dealer. Also have one from Fitzgerald in Clearwater which is higher when I add back the $1,000 for not taking the HMFC loan.   The other guy's $18.1, do you recall if had all the rebates? fees? tax?   Thanks.
#1706 of 6610 Re: What do you think about this price? [kman54] by tb88 Mar 25, 2006 (11:31 am)
Replying to: kman54 (Mar 25, 2006 8:56 am) ....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.   It is a Florida State Law which says: If loan is paid off within 6 months; they MAY charge a doc. preparation fee not to exceed $75... It is on the back of the Financing contract in Florida.
#1707 of 6610 Suzanna, all good questions! by miamixt Mar 25, 2006 (11:54 am)
I had no idea you were in New Port Richey too. Of course I have no idea where it is here in Florida.   "You mean, have two loans on the car? Can I do that?"   I don't think so, but you also might have other options to take advantage of the $1000 HMFC rebate. Remember, I didn't qualify, yet received this amount, as it was figured in with the original sales figures.    "The other guy's $18.1, do you recall if had all the rebates? fees? tax?"   Yes, and it was recently posted here, along with my numbers. He and I both got $3000 rebates, he did not have the Sun Roof and 6 Disc upgraded changer. You can do without one or the other, possibly both?. Helps with resale value though, and they sure work great!      Thanks   Good luck. With this area specific inside knowledge for Florida, I believe you can negotiate more Car for less money if you take some time!

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