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Hyundai Sonata Prices Paid and Buying Experience

6609 messages,  Last post on Nov 27, 2009 at 1:06 PM

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What is this discussion about? Hyundai Sonata, Sedan


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#4002 of 6609
Re: for looking [joedie] by cuweind
Jul 26, 2007 (11:02 am)
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Replying to: joedie (Jul 26, 2007 7:32 am)

I just heard back from Clay Chevrolet Honda and they are giving 400$ rebate on new college grad financing through Hyundai bringing the quoted price down to $14600 and they said the APR would be in or around 6.5%.The quote was from
Internet Sales
Clay Chevrolet Hyundai
Norwood, MA 02062
#4003 of 6609
I Offered $14,700 for 07 GLS w/Option Package 02 by worldly
Jul 27, 2007 (1:15 pm)
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Yesterday, I offered $14,700+TTL (cash, only) for a 2007 GLS with Option Package 02, MSRP: $19,745 (San Antonio, TX). Here's the reply I received from the dealership:
 
"Your offer of $14,700 + TT&L will not be accepted at this time unfortunately. The best that I would be able to do on the Sonata GLS would be $16,565 + TT&L. This price is not only includes the $2,000 rebate but is $200 below invoice. If this will be acceptable for you, then I would like to set up an appointment for you to come into our dealership to get a closer look at this great looking vehicle. You can let me know when the best time for you would be by either emailing me back or calling me at the number listed below."
 
Needless to say, my return reply was highly critical. Then, I received an e-mail from the General Manager. He bragged that he ran two Hyundai dealerships, provided an invoice that showed what a "great deal" the quoted price is, and urged me to come in for discussions.
 
This is the main reason I dislike most dealerships. Despite the Information Age (includes the Internet), they continue to use predatory sales practices, and attempt to justify ridiculously high prices with methods any person conducting basic research can refute.
 
I will drive a little further, and get a competitive price from a dealership that is fair and sane.
#4004 of 6609
Re: I Offered $14,700 for 07 GLS w/Option Package 02 [worldly] by joedie
Jul 27, 2007 (1:44 pm)
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Replying to: worldly (Jul 27, 2007 1:15 pm)

Good story. I was amazed that cash is not the preferred way to deal anymore. Good idea to move on and stay away from balloon financing as it is mostly a scam.
#4005 of 6609
Re: I Offered $14,700 for 07 GLS w/Option Package 02 [worldly] by chuck1
Jul 27, 2007 (2:25 pm)
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Replying to: worldly (Jul 27, 2007 1:15 pm)

If you really want to have some fun - drive by the dealership that sent you that silly reply and show them your new Hyundai when you buy it, along with a copy of that email!!
#4006 of 6609
Re: I Offered $14,700 for 07 GLS w/Option Package 02 [worldly] by alamocity
Jul 27, 2007 (4:32 pm)
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Replying to: worldly (Jul 27, 2007 1:15 pm)

Gee, I bet I know the name of that dealership as I had inquired on the same vehicle yesterday and got the same response as you did. I too am in the process of checking with other dealers.
#4007 of 6609
Re: I Offered $14,700 for 07 GLS w/Option Package 02 [worldly] by bhmr59
Jul 27, 2007 (5:09 pm)
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Replying to: worldly (Jul 27, 2007 1:15 pm)

Am I correct in reading the dealer's email to state the offer he is making is $1800 above invoice, less the $2,000 rebate, to get you to $200 below invoice? If so, that guy is a bandit, at least compared to much of the country.
 
Here it is, almost August and the 2008's are out. In February we bought an '07 Sonata SE, MSRP of $22080 for $16,651, plus dealers fee, & TTL for an OTD of 18,189 based upon 6% sales tax.
 
Find another dealer fast. You should be able to buy for below invoice before considering the $2K rebate. (You shoud get the car for more than $2K under invoice after rebate.)
#4008 of 6609
Re: I Offered $14,700 for 07 GLS w/Option Package 02 [bhmr59] by alamocity
Jul 27, 2007 (8:13 pm)
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Replying to: bhmr59 (Jul 27, 2007 5:09 pm)

Actually I think the MSRP was $19,530 and invoice was $18,765.00 with the actual price I was quoted being $16,565.00, so they were going $200.00 below invoice.
#4009 of 6609
TX, 2007 Sonata GLS + Premium Package by fwallets
Jul 28, 2007 (10:07 am)
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Hi. I just came back from a dealership here in Texas.
 
Sonata GLS I4 Auto + Premium Package
 
Price Paid
 
MSRP: $ 19,480
Sales Price: $ 17,100
Balloon Financing Rebate: $ 3,000
Final Price: $ 14,100
 
Tax: $ 881.25 (6.25% of $ 14,100)
Doc fee: $ 50
Title and License: $ 124.50
Dealer Inventory Tax: $ 31.98
 
Balloon Detail
 
Downpayment: $ 2,500
Amount Financed: $ 12,687.28
7.9% for 24 months (finance charge: $ 1,844.03)
Monthly Payment: $ 165.97
Balloon Note: $ 10,714.00
 
As there's no prepayment penalty, I will pay it off after three months (I was advised to make at least three payments to avoid the possible take-back of HMFC rebates.)
 
The original negotiated price was $ 13,700 including a recent graduate rebate of $ 400, but it was later found out that the balloon note is not combinable with the graduate rebate.
 
Probably it wasn't the best deal available, but I'm just happy that it's done.
#4010 of 6609
Re: I Offered $14,700 for 07 GLS w/Option Package 02 [worldly] by backy
Jul 28, 2007 (10:49 am)
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Replying to: worldly (Jul 27, 2007 1:15 pm)

I don't understand your reaction to this dealer's offer. To me, it looks like they are dealing with you up-front and professionally. They politely rejected your offer and then counter-offered, and noted that their price includes the rebate and is $200 under invoice--which is true. Then they invited you to come in and drive the vehicle. I wish all dealers played the sales game that straight! I don't see their behavior as being "predatory" at all.
 
Of course, it's your option to say "no, thanks" (which you did) and go in search of a better deal. But each dealer has the right to set whatever price they want for the cars they sell, within the law. It's their business to run. We as consumers can accept or reject their deals.
#4011 of 6609
Re: I Offered $14,700 for 07 GLS w/Option Package 02 [backy] by worldly
Jul 28, 2007 (11:16 am)
Reply

Replying to: backy (Jul 28, 2007 10:49 am)

Well, backy, you must be a dealer, or the friend of a dealer.
 
First, the deal they countered with is COMPLETELY UNCOMPETITIVE, and was an OBVIOUS attempt to take advantage of a consumer.
 
Second, this is DEFINITELY PREDATORY SALES tactics. You may feel it's justified, but I'm willing to bet the majority of consumers DO NOT appreciate these tactics. The era of this type of salesmanship are numbered. It reflects VERY POORLY on the brand name. The automobile industry is so competitive that these dealers will be forced out of the business very soon.
 
By the way, did you ever take Business 101 in college?
 
The only thing you got right is it's a free-market economy, they can ask any price they want, and I can refuse such predatory offers, and go elsewhere.

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