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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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#5881 of 6609
Re: [investingdad] by vballny23
Dec 23, 2008 (7:32 am)
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Replying to: investingdad (Dec 23, 2008 7:07 am)

The car we purchased had been on the lot since August 27, 2008. I could be wrong, but I believe the 2009 Hyundai Sonata hit the dealerships late spring/early summer. From what I understand they pay interest back to Hyundai not by day, but in blocks of time. For example, if its on the lot for 1 month, they pay X. if its 8 weeks, they pay Y. I do not know the specifics of that but my assumption (since they made us take the car that day (12/21) was they wanted to car off the lot for sure by December 27, 2008.
 
I agree that you should get everything in writing and bring it with you once you agree upon a price. That being said, I have read countless messages on these forums here where even with a quote in writing, they still try to screw you. In the end, we have the power to walk away, which is the last thing they want to see, especially in this market.
#5882 of 6609
Re: [vballny23] by bhmr59
Dec 23, 2008 (8:04 am)
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Replying to: vballny23 (Dec 23, 2008 7:32 am)

You got a good price but could have done better via the internet.
 
Towne Hyundai in NJ for the month of December--not just the end of the month--has been offering Sonatas at $1850 below invoice. Then you take off the rebate. They do add a doc fee of $249, which they include in their price quote. A GLS 4cyl, A/T has an invoice of $19751 according to edmunds. Towne's price would be $16,150 plus tax & registration.
 
No claims of end of the month special...you've gotta buy today for this price...or any of that other phoney stuff.
#5883 of 6609
Re: [bhmr59] by vballny23
Dec 23, 2008 (8:17 am)
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Replying to: bhmr59 (Dec 23, 2008 8:04 am)

Keep in mind that my car also had the floor mats which i think are about $75. So, in essence the deal you mentioned would be about $275 less then what I paid. Did you buy the car for $16,150? My deal here on Long Island was $500 less then any of the multiple dealers I contacted here would touch, so I am happy. It wouldn't be worth it to drive to Jersey to save $4.50 a month (we financed $10,000) for 60 months, but that is a great deal they are offering.
#5884 of 6609
Re: [bhmr59] by investingdad
Dec 23, 2008 (8:22 am)
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Replying to: bhmr59 (Dec 23, 2008 8:04 am)

It's worth noting that the 2009 GLS, 5MT that I got was $16230 including tax and tags. That makes the quoted price roughly $15050 plus tax and tags. The additional savings came from a dealer only promotion that amounted to another $950 off of the internet price of $15998 that they had given me. So...
 
15998
-950
-------
15050
+950tax
+200tags
-----------
16200
 
...and that included their overpriced, profit padding floor and trunk mats.
#5885 of 6609
Re: Purchased 2009 Hyundai Sonata GLS 4CYL Auto [vballny23] by jack47
Dec 23, 2008 (8:23 am)
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Replying to: vballny23 (Dec 23, 2008 5:32 am)

Among other things the doc fee of $395 is just about all profit. A number of states (eg, NY, cap the doc fee at $50).
 
The dealer does not pay interest to Hyundai for the cars on its lot...it pays the loan interest to a bank...for which, Hyundai, like all car companies, returns this interest to the dealer in the form of a "holdback".
 
I paid $16,036 plus a $169 doc fee.and $45 tire fee and tags. 2009 GLS I4 A with flloor mats and lifetime oil changes. Black with grey interior. Great car for the money...though the rear suspension is a little tight...but, no problem.
#5886 of 6609
Looking for by rbcooper
Dec 23, 2008 (10:50 am)
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2009 Sonata I4 SE standard equipment msrp 22050.00 - anyone have any quotes or experience with pricing for cash purchase no financing?
Thanks.
#5887 of 6609
Re: Purchased 2009 Hyundai Sonata GLS 4CYL Auto [investingdad] by Yitian
Dec 23, 2008 (11:06 am)
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Replying to: investingdad (Dec 23, 2008 5:42 am)

Would you mind posting a link of those internet prices and telling me the dealer's name? I'll definitely refer to those prices when I negotiate with the local dealers here in SC. Many thanks.
#5888 of 6609
Re: [vballny23] by longxi
Dec 23, 2008 (11:13 am)
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Replying to: vballny23 (Dec 23, 2008 8:17 am)

Dealer told me that I either get $1000 rebate + 0% financing from Hyundai or $2000 rebate if pay with cash or my own financing. That means I will have to pay $1000 more up front if I use Hyundai's finance. Is this true?
 
The OTD prices you guys reported on the board are the price using Hyundai's finance or pay with cash?
 
Thanks for your reply in advance.
#5889 of 6609
Re: [longxi] by investingdad
Dec 23, 2008 (11:56 am)
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Replying to: longxi (Dec 23, 2008 11:13 am)

The internet pricing came to me via an email from Sussman Hyundai in PA. Thus, there's no link for me to provide you. I did not buy from them. But you'll notice that the internet price I got from them and from the dealer I did buy from, Fred Beans in PA, were VERY close. What can we learn from this? That the discount structure we don't see is common amongst dealers.
 
The advertised sales event right now is either $2000 off (bring your own cash or financing) OR $1000 off and you get Hyundai's promo financing. Clearly, however, there is more money on the table that can be removed based on the high correllation between my two dealers, Sussman & Fred Beans, and Fitzmall on the GLS with 5MT. This is not a coincidence.
 
Which you choose depends on a number of factors. If you're paying cash, it's pretty obvious. I chose to put $6000 down and finance $10000. I secured financing through my company's credit unit - 4.49% for 60 months. I will NOT be keeping the loan for the full 60 months. How early I pay it off depends on a number of factors that are too complicated to get into.
#5890 of 6609
Re: [investingdad] by Yitian
Dec 23, 2008 (12:13 pm)
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Replying to: investingdad (Dec 23, 2008 11:56 am)

Thanks a lot. Would you mind forwarding that email from Sussman Hyundai to me at b_shan16yahoo.com?

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