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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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#5871 of 6609 How much is a good deal for SE? by Yitian Dec 19, 2008 (10:55 am)
Just test drove SE today and I like it. The only con is SE doesn't have that woodgrain accents, which looks really nice.    With $1k cash back and 0% APR, what OTD price excluding TTL will be a good deal for SE with or without the premium package.    Thanks a lot!
#5872 of 6609 Re: 2009 SE V6 Stock $21.7K [stdatwmu] by Yitian Dec 21, 2008 (6:22 pm)
Replying to: stdatwmu (Dec 03, 2008 6:54 am) I'm looking for a SE I4 in South Carolina. I think that quote is already good. It will be a perfect deal if you can lower it a bit more. Good luck.
#5873 of 6609 Re: price paid 2009 sonata gls4at [dafy] by Yitian Dec 21, 2008 (6:30 pm)
Replying to: dafy (Dec 18, 2008 11:08 pm) This is a good deal. Where is the dealer? Thanks.
#5874 of 6609 Purchased 2009 Hyundai Sonata GLS 4CYL Auto by vballny23 Dec 22, 2008 (8:27 am)
Just purchased a 2009 Hyundai GLS 4 cyl Auto this past weekend in New York. MSRP was $20,690. Invoice based on Edmunds is $19,287. Negotiated down to $16,105 + $395 dealer fee + TTL. Only option was the carpeted floor mats. Replies to this message: Yitian (Dec 22, 2008 4:01 pm) vballny23 (Dec 23, 2008 5:32 am) investingdad (Dec 23, 2008 5:42 am) and 2 more... jack47 (Dec 23, 2008 8:23 am)
#5875 of 6609 Re: Purchased 2009 Hyundai Sonata GLS 4CYL Auto [vballny23] by Yitian Dec 22, 2008 (4:01 pm)
Replying to: vballny23 (Dec 22, 2008 8:27 am) Good deal! Did you get any other rebates besides the $2000 from manufacturer? Replies to this message: vballny23 (Dec 23, 2008 5:32 am) investingdad (Dec 23, 2008 5:42 am) vballny23 (Dec 23, 2008 6:08 am) Yitian (Dec 23, 2008 11:06 am) jack47 (Dec 23, 2008 8:23 am)
#5876 of 6609 Re: Purchased 2009 Hyundai Sonata GLS 4CYL Auto [Yitian] by vballny23 Dec 23, 2008 (5:32 am)
Replying to: Yitian (Dec 22, 2008 4:01 pm) he mentioned to me when we first started negotiating that there was a $750 hidden dealer rebate from Hyundai that he passed along to me. Not sure how accurate that is. We dealt with the manager for most of the negotiation. His first price of $16,900 + $395 = $17,295 was pretty good and after 10 minutes of going back and forth he came down to $16,600 + $395 fee = $16,995. We were going to walk out (which they never will let you do) and he finally relented to my offer of $16,500 including everything but TTL. The only qualification was we had to take car that day which was fine. The price was about $500 less then the next best quote. I don't know if they made any profit on the car, but they wanted it off the lot that day since the clearly were paying Hyundai interest on the car the longer the car stayed on the lot. Replies to this message: investingdad (Dec 23, 2008 5:42 am) vballny23 (Dec 23, 2008 6:08 am) Yitian (Dec 23, 2008 11:06 am) jack47 (Dec 23, 2008 8:23 am)
#5877 of 6609 Re: Purchased 2009 Hyundai Sonata GLS 4CYL Auto [vballny23] by investingdad Dec 23, 2008 (5:42 am)
Replying to: vballny23 (Dec 23, 2008 5:32 am) Would you sell a car and not make money on it?   Of course they made a profit.   I would encourage people looking for a Sonata (or any new car) to negotiate the whole thing via email and never even bother to go to the dealer other than for a test drive to figure out what you want.   I had two opening offers on the 09 Sonata GLS 5MT of: - 15998 - 15889   That's with NO negotiating. Here's a listing of ALL internet prices from the one dealer that I started with:   Year Sonata Trim Full MSRP Internet Price 2009 GLS 5 SPEED MT $19,145 $15,889 2009 GLS 5 SPEED AT $20,345 $17,023 2009 GLS - V6 5 SPEED AT $22,895 $19,433 2009 SE 5 SPEED MT $22,495 $18,838 2009 SE - V6 5 SPEED AT $24,495 $20,708 2009 Limited 5 SPEED AT $24,995 $20,934 2009 Limited-V6 5 SPEED AT $26,995 $22,784   The internet prices is everything except Tax & Tags. No other fees are applied. Keep in mind these are the prices they started with w/o any prompting from me other than a request for costs.   Personally, I think going into the dealership to negotiate in the year 2008 is a waste of time. Replies to this message: vballny23 (Dec 23, 2008 6:08 am) Yitian (Dec 23, 2008 11:06 am)
#5878 of 6609 Re: Purchased 2009 Hyundai Sonata GLS 4CYL Auto [investingdad] by vballny23 Dec 23, 2008 (6:08 am)
Replying to: investingdad (Dec 23, 2008 5:42 am) actually, investingdad, I respectfully disagree with you. As I am sure you are aware, the longer a car stays on the lot, the more the dealership has to pay back to Hyundai. So, in essence, they are losing money each day the car stays on the lot. If they have 10 cars that are all configured the same, I guarantee they will take a loss on the car (selling below cost to them) to save them money in the long term. Plus, they all have quotas and if the dealership sells a certain # of cars each month, the owner of the dealership gets something like a 100K bonus...so my point is, and I am not the first to day this, there are times a dealership will sell a car and not make any money.   As far as negotiating over email. I agree 100% with you that it saves time and allows a buyer to gather more offers as opposed to driving around to 10 dealerships. The one caveat is when negotiating over email, you never know what kind of fees they are going to tag on just when you are ready to buy the car at the dealership. Their goal is to get you into their dealership.   Lastly, I feel this is the best time to go buy a car. It is the end of the month, the end of the year and cars are just sitting on the lot and rebates are all over the place.
#5879 of 6609 Proof dealerships do take losses on cars... by vballny23 Dec 23, 2008 (6:53 am)
Here is an email I received from a Long Island Hyundai dealership when I quoted a rate of $16,660 + TTL for a 2009 Hyundai GLS 4 CYL Auto. (I actually bought the car for $16,500).   I've spoken with my managers and the offer from the Queens dealer is not possible unless they are taking over $1000 in actual loss on the car. The only other way they are doing it is to hit you with some undisclosed fees once you get there. They may figure that you went all the way there why not just take the car. We don't deal that way but I know of many that do. If I were you I'd have a buyers order written and faxed to you as binding proof that it's a real price. They will in all likelyhood ask for a deposit. If you want to get that price you should give them one stating that it's totally refundable at your request. (State law says they must refund at your request). I am not able to meet, muchless beat that price. Let me know how it works out. It is, qute simply, not a price that any responsible dealer with integrity would make.
#5880 of 6609 by investingdad Dec 23, 2008 (7:07 am)
And how long would you say the 2009 models have been sitting on the lots?   As for the extra fees...that's the beauty of email. Everything is in writing. So when they offer you X and state no additional fees, they've already put it in writing. Replies to this message: vballny23 (Dec 23, 2008 7:32 am) bhmr59 (Dec 23, 2008 8:04 am) vballny23 (Dec 23, 2008 8:17 am) and 5 more... investingdad (Dec 23, 2008 8:22 am)

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