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Prices Paid: Buying & Leasing Experiences Hyundai Sonata Prices Paid and Buying Experience
5747 messages, Last post on Oct 07, 2008 at 5:13 AM
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Replying to: rhduke00 (Aug 19, 2007 2:15 pm) bhmr59: I think your misunderstanding how it works when you trade a car in that hasn't been paid off. You dont subtract the price the dealership pays off the loan for from the price of the new car. I am familiar with the trade in games, but the only way I could have been gamed on my trade in is if they undervalued it(which they didn't because I got more than it was worth). Or if they inflated the Sonata's price, which they didnt. All in all, I'm very happy with my purchase, and my deal.
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Replying to: backy (Aug 19, 2007 5:32 pm) Describe car--trim level and options (if any) Steel Gray 2007 SE with Floor Mats * MSRP (from factory sticker) $22,180.00 * MSRP (from dealer, including any non-factory options) $23,775.00 * Rebates from manufacturer (if any) $2,500 * Rebates and/or discounts from dealer (if any) Actual sales price to me $19,780.00 * Price received for trade-in (if any) $1,000 for a 2002 GLS 5spd Elantra w/147,000miles with a little body damage to the pass side rocker panel. * Fees, such as documentation fee (if any) $100 * Tax and license (which are non-negotiable) $1,184.80 * OTD price $17,905.80 |
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Replying to: effect18 (Aug 20, 2007 2:57 pm) MSRP?: Selling Price of new Car?: Amount of any applicable rebates?: Dealer fees, such as Doc fee?: (You've answered trade-in value at $4500, plus the $800 upside down): plus title and registration. All this should equal your OTD price. Remember, while they gave more for your trade-in, they still had some value in that trade-in after paying off the note. It all boils down to: what was the price of the car, before trade-in, taxes and registration. (Note, I did not say before Doc. fee since that is part of what the dealer is charging you for the car.)
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| I'm looking at a V6 Hyundai Sonata GLS the price the dealer is asking is $13,500 they have 2 in stock they both have about 30,000 miles on them, would this be a decent deal on a used Sonata? or should i go for new? | |
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Replying to: roypk (Aug 20, 2007 4:15 am) What are your experience for buyers who went through a dealer exchange. Thanks.
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Replying to: roypk (Aug 20, 2007 5:26 pm) |
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Hi geffin, How good of a deal these two cars are depends on their options and their condition. Be aware that because these are used cars you don't get the remainder of the original power train warranty. You only get the remainder of 5 years 60,000 miles on the power train. I believe that the remainder of the original bumper to bumper (5 yr, 60,000 mi) still applies. I recommend before you buy either of these cars that you drive them over rough and bumpy pavement as some owners have reported suspension noises. If you want a new 2007 V6, expect to pay about $4,000 more. A 2008 V6 will cost even more because you don't get the $2,500 rebate. BTW, I own a 2006 GLS V6 and love the car.
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Replying to: rhduke00 (Aug 20, 2007 7:43 pm) |
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Replying to: bhmr59 (Aug 20, 2007 4:00 pm) MSRP(window sticker): $26,395.00 Selling Price: $25,763.17 (including sales tax) Sales Tax: $1,338.71 Rebate: $3,000 License and Reg: $171.00 NJ Tire Tax Fee: $7.50 Doc Fee: $289.00 Down Payment: $3,000 OTD: $23,230.67 Amount Financed: $20,230.67 Guess what, upon second glance at my contract, I see that they didn't penalize me for the trade in. It says that the car's gross allowance(money paid by the dealership) is 5,300, less the amount owing 5,300 equals a net trade in of 0(zero). So it looks like they didn't add the 800 to the top of my deal. Only thing they probably got away with was the Doc fee.
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A little confused about your final price...shouldn't it been more like $19k? Or was the rebate taken out after all the other fees. Something doesn't seem to add up. The Sandman 
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