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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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#5937 of 6609
Re: When you list your price, please specify what rebates you got. [jackburton1] by backy
Jan 13, 2009 (2:12 pm)
Reply

Replying to: jackburton1 (Jan 13, 2009 12:57 pm)

You might check the rates--was that from the dealer? I could get 4.49% for 60 months on a new or used car at a local bank when I bought a car a few days ago, but went with special 2.99% financing for 60 months from the manufacturer instead. You might be able to find better than 5.79%, depending on credit score.
#5938 of 6609
Re: When you list your price, please specify what rebates you got. [backy] by jackburton1
Jan 13, 2009 (7:11 pm)
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Replying to: backy (Jan 13, 2009 2:12 pm)

Actually, that was from a bank, not dealer.
 
bankruptcy 8 years ago, but even with my FICO is 750ish.
 
Hmmm, will have to see if local bank or even dealer is better.
#5939 of 6609
Re: When you list your price, please specify what rebates you got. [jackburton1] by palok
Jan 13, 2009 (7:36 pm)
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Replying to: jackburton1 (Jan 13, 2009 8:40 am)

Actually, that's the dealer's decision, and it may be a better option than paying interest on inventory. A $19000 sale is better than paying interest. Make your offer, sales are down right now.
#5940 of 6609
Re: When you list your price, please specify what rebates you got. [palok] by jackburton1
Jan 14, 2009 (2:23 am)
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Replying to: palok (Jan 13, 2009 7:36 pm)

I am certainly going to try
#5941 of 6609
by jackburton1
Jan 14, 2009 (7:22 pm)
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Ok, well the desk manager wouldn't take 19, or 19,500 to the GM, but he did take 20k total out the door on a 2009 SE V6.
Breakdown:
MSRP was 24,435
Selling Price 21,236.26
Tax 1486.54
NJMV tire fee 7.50
Online processing fee 7.70
MV 264
Credit Fee 99
Doc fee 399
 
Total of 23500
- 2000 rebate
-1500 lyoalty fee
 
$20,000 total take delivery tomorrow.
#5942 of 6609
Re: [jackburton1] by investingdad
Jan 15, 2009 (6:03 am)
Reply

Replying to: jackburton1 (Jan 14, 2009 7:22 pm)

A credit fee of $99? Doc fee of $400? By my math, you paid $777 in fees. That's a blatant rip off. Nothing but profit padding. I bought mine in Doylestown, PA and the fees were:
 
22.50 title fee
36.00 registration
5.00 tire tax
15.45 electronic registration fee
5.00 lien fee
100.00 documentation fee
10.00 tag fee
 
Grand total of $194 for all fees.
 
And they charged sales tax BEFORE applying the rebates?? I think you got ripped there as well. My dealer took the rebate off the selling price and THEN charged tax.
 
Here's how mine went:
• MSRP = 19135
• Fred Beans Price = 17998
• Less 2000 deduct = 15998
• Plus 6% sales tax of 959.88 = 16957.88
 
By taking the rebate first, my tax bill was lowered by $120. The additional rebate I got from the dealer was $950, which was applied after tax. But that was a dealer incentive with special rules. My out the door price was $16200 after all taxes and fees.
 
You paid an extra $245 in tax because they took the rebate AFTER you paid tax. I have to wonder if they pocketed this.
#5943 of 6609
Re: [investingdad] by jackburton1
Jan 15, 2009 (6:16 am)
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Replying to: investingdad (Jan 15, 2009 6:03 am)

I agree 1000% and did not see all the fees.
 
BUT, I did negotiate the out of door price, so to me, I do not care where they allocated the fees.
 
The BEST deal I could find out of 10 dealers I dealt with was 19,750 for the SAME car before Tax and fees.
 
In NJ at least, they have to charge you tax on the rebates (I remember this from when I sold cars briefly about 12 years ago).
 
I was strictly looking for the best deal out of pocket.
 
That is the only thing that concerned me.
If another dealer had fees that were 50% less, but the deal was 21k out the door, that's not better then 20k out the door on same vehicle.
 
What car/options did you pay 16,200 out the door for?
 
I pad 20k out the door on a 2009 SE V6.
#5944 of 6609
Re: [jackburton1] by backy
Jan 15, 2009 (6:41 am)
Reply

Replying to: jackburton1 (Jan 15, 2009 6:16 am)

Yes, in the end it comes down to the bottom-line price. If one dealer has low fees but a lesser discount, and another a bigger discount but higher fees, what difference does it make to the buyer? All that matters is what they pay in the end.
 
You are correct that some states charge tax before rebates, and some (like MN) after rebates have been applied. The buyer has no control over that--except to pressure their legislators to change the state laws.
#5945 of 6609
Re: [investingdad] by mbiberman
Jan 15, 2009 (10:38 am)
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Replying to: investingdad (Jan 15, 2009 6:03 am)

what options / package? I am currently neogotiating a deal with Fred Beans and they gave me way different pricing.
#5946 of 6609
by cosmo15
Jan 15, 2009 (11:32 am)
Reply
Jackburton1
 
What dealership did you buy from in NJ. Sound like good price to me.

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