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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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Replying to: joedie (Jul 26, 2007 7:32 am) Internet Sales Clay Chevrolet Hyundai Norwood, MA 02062 |
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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. |
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Replying to: worldly (Jul 27, 2007 1:15 pm) |
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Replying to: worldly (Jul 27, 2007 1:15 pm) |
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Replying to: worldly (Jul 27, 2007 1:15 pm)
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Replying to: worldly (Jul 27, 2007 1:15 pm) 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.)
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Replying to: bhmr59 (Jul 27, 2007 5:09 pm) |
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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. |
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Replying to: worldly (Jul 27, 2007 1:15 pm) 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.
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Replying to: backy (Jul 28, 2007 10:49 am) 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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