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Prices Paid: Buying & Leasing Experiences Hyundai Sonata Prices Paid and Buying Experience
5763 messages, Last post on Oct 11, 2008 at 9:37 PM
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| Hello, new to this forum & wanted to share my purchase info. N. Scottsdale Hyundai in AZ. It was the easiest car purchase ever. I used to drive chevy. Very little hassle, paid cash so I guess that helped me. I paid $17,600 OTD about $4,400 less than Honda accord, Honda would only take $500 off sticker! Plus they threw in the cargo & floor mats. | |
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Replying to: ramtajogi (Jul 22, 2008 8:08 pm) |
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I am new at leasing and a little scared to do this myself. I am looking at a Hyundai Sonata gls 4dr 4cyl and the dealer really has me confused, I have tried to research but the formula he is using doesn’t make sense. Rebate 2,000.00 Msrp 20,135.00 Lev% 63% Lease end value 12,685.05 Term 24 Money fact sell rate 0.00140 Total sales tax 474.04 -------------------------------- Initial cap cost 18201.00 Total add cap costs 845.00 Cash cap reduction 1,995.00 Adjusted cap cost 15,051.00 Base monthly rental 137.41 Total annual fees 45.00 Total initial fees 20.00 Cap tax 6.5% 259.68 Amount due at start 2,671.45 Question is on leasing do you get the rebate Hyundai is offering and the money factor is 0.00140 what does it mean. And is this a good lease I have a good credit score.
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Replying to: notsocarsmart (Jul 23, 2008 10:50 am) If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account like INGDirect. If and when you need to make a lower car payment take some of the money out of savings to help with the payment. The money factor is the interest rate of the lease. You take the money factor * 2400 to get the interest rate. So in your case the interest rate is 3.36%. Traditionally Hyundais are bad cars to lease since their residuals are so poor. In leasing it all comes down to residuals. There are times you can lease a more expensive Japanese car then a cheaper Hyundai or American car. Japanese cars hold their (re-sale) value better. Try a site like Leaseguide.com before you jump into something you are unfamiliar with.
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Replying to: sudha22 (Jul 17, 2008 11:46 am) Thanks -dave "Thought it will help someone. Bought a Hyundai Soanata GLS in Southfield, MI. 17,908 OTD with a license transfer. Deal was made after dealer offered $500 gas certificate. So it is 17400 OTD. Terrible gas certificate deal though. Have to mail gas receipts every month to get $25 gas card every month with lots of catches. Best part is sales guy tried to hide the details until the last minute.. Realized the working of the gas deal only when I got home.. I was expecting some kind of transparency from the guy.. My suggestion. Don't deal with amateur sales guys.. If you don't mind driving, I would suggest this link. No bargaining required. Also I would suggest, do a one-way fly and drive back the car. Still worth it. Also, these guys offer $500 gas certificate. Pl check all details bf4 you buy. http://www.fairfaxhyundai.com/ou/fairfax-hyundai/console.do?page=f_new"
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Replying to: kingpcgeek (Jul 23, 2008 11:10 am) |
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Replying to: ramtajogi (Jul 22, 2008 8:08 pm) I got the same V4 Ltd with Nav for $21035(+3% Tax+$138 Tag) = $21704.05 (no mats and mudguards though!) here in North Carolina. The Car had 121 miles on it, as they had to drive it over 60 miles from another dealership the same morning. As you rightly said, the integrated Nav system is great - I really like the seamless iPod connectivity. They sell accessory cable for $29.99+tax. Enjoy the ride! -SV
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Replying to: samvij (Jul 23, 2008 7:30 pm) V-4 ??? Really ?? don't think so. van
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Replying to: nhphd (Jul 22, 2008 12:51 pm) I assume that $23500 is with the $2K incentive. After talking on phone, the dealer is already around $24025 range or so. we are not really good negotiators so I am not sure if I will be able to get it down to $23,500 but will try for less than $24K or ask them to throw me some freebies (like mats, nets and stuff) |
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Replying to: lightfootfl (Jul 24, 2008 7:42 am)
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