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Hyundai Sonata Prices Paid and Buying Experience

5749 messages,  Last post on Oct 07, 2008 at 11:50 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Hyundai Sonata, Sedan


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#629 of 5749
Re: Deposit refund [sligg] by danielle1
Oct 02, 2005 (8:24 am)
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Replying to: sligg (Sep 30, 2005 7:33 am)

I have found sharks out there ie Maxon Hyundai Union NJ and Giant Hyundai in Little Falls NJ. These 2 dealers thought I was an idiot.. Lets say 450-480 for a base GLS per month vs 350 per month. I had a trade with a payoff amount due( I knew I was going to carry some cost over but these guys were outrageous and they wanted to give me nothing for my trade.
 But found a fair place Global Auto Mall in North Plainfield that gave me a fair deal with a little bit of drama but I got what I wanted for the price I wanted.
Do your homework and walk when you are being treated badly.
#630 of 5749
Re: Sonata add-ons - is there a way out after the purchase? [anita46] by backy
Oct 02, 2005 (9:13 am)
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Replying to: anita46 (Oct 01, 2005 8:52 pm)

Some states (MN is one) has a 3-day right of rescission on contracts, which means you have 3 days to cancel the contract. If this kind of thing exists in your state, the terms would be spelled out in the contract.
#631 of 5749
Making the Leap from Financing to Leasing by jaydi25
Oct 02, 2005 (9:49 am)
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I'm currently financing a 2002 Dodge Neon which I've constantly had problems with (and every dealer I've encountered has made a point to tell me how horrid Neons are). I'm paying WAY too much for that piece of you-know-what and I'm ready to purchase a real car, preferably the 2006 Hyundai Sonata GLS.
 
What is the process of switching from financing to leasing if I still owe on this car? How do the interest rates vary--are they significantly lower when leasing than financing? I've asked dealers this question but can never get a straight-forward answer. If anyone can help with this, it would be very helpful.
 
And also, if anyone has any idea on how to get rid of my atrocious vehicle please let me know.
#632 of 5749
Re: Making the Leap from Financing to Leasing [jaydi25] by haefr
Oct 02, 2005 (10:05 am)
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Replying to: jaydi25 (Oct 02, 2005 9:49 am)

"And also, if anyone has any idea on how to get rid of my atrocious vehicle please let me know."
 
Given you owe on it and no sane person wants a second-hand Neon, about your only option is to drive it off a cliff. (Don't forget to wear a parachute - you might change your mind.) Kidding aside, you're gonna take a bath selling or trading that car. But, the longer you wait, the worse it'll be. Also, do you owe more on your Neon than it's worth? If so, guess who's gonna have to make up the difference one way or another. What this means in simple terms is if you find a dealer willing to take your Neon in trade and buy down your remaining loan, that amount (and maybe more for administrative costs) will be tacked on to your replacement car's lease.
#633 of 5749
Re: Sonata add-ons - is there a way out after the purchase? [backy] by anita46
Oct 02, 2005 (2:21 pm)
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Replying to: backy (Oct 02, 2005 9:13 am)

Thank you for the information. I went to the dealership today, but the financial department was closed. So I do have an appointment for tomorrow and I'll try to amend the contract or eventually cancel it.
Thanks again.
#634 of 5749
Re: Making the Leap from Financing to Leasing [haefr] by jaydi25
Oct 02, 2005 (6:43 pm)
Reply

Replying to: haefr (Oct 02, 2005 10:05 am)

Thank you very much for your honest (and hilarious) response to my posting. I've been told this many a time, and I'm prepared for it. It just sucks because it limits my choices for a new car--one that sells for 19,000 will be sold to me for a few thousand more because of that loan being tacked on.
 
On the other hand, I have been told by various dealers that the interest rates for leasing is significantly lower than financing, so maybe I still have that to look forward to.
#635 of 5749
Re: Making the Leap from Financing to Leasing [jaydi25] by backy
Oct 02, 2005 (6:48 pm)
Reply

Replying to: jaydi25 (Oct 02, 2005 6:43 pm)

The Sonata GLS still has that $199/month lease in effect. Not a bad rate for a car like that, especially now that Honda has raised the lease on the '06 Accord LX to $239.
#636 of 5749
Re: Sonata add-ons - is there a way out after the purchase? [anita46] by kyfdx HOST
Oct 02, 2005 (7:12 pm)
Reply

Replying to: anita46 (Oct 02, 2005 2:21 pm)

There is no 3-day "right of recission" on car deals... in any state... So, don't get your hopes up on that front...
 
Once it goes over the curb, the car is yours..
 
regards,
kyfdx
Host-Prices Paid Forums
#637 of 5749
Re: Sonata add-ons - is there a way out after the purchase? [kyfdx] by anita46
Oct 02, 2005 (7:30 pm)
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Replying to: kyfdx (Oct 02, 2005 7:12 pm)

Ouch.. but the sales manager confirmed today, that there is a 72 hours (he said exactly: 3 business days) period to walk away from the deal..
 
There is no siggle word about cancellation in the contract, though..
#638 of 5749
Re: Sonata add-ons - is there a way out after the purchase? [kyfdx] by backy
Oct 02, 2005 (7:49 pm)
Reply

Replying to: kyfdx (Oct 02, 2005 7:12 pm)

The last car I purchased via a loan (back in 2000) did have a 3-day right of rescission--but now I can't find the paperwork to determine if it was part of the finance contract or a policy of the dealer.

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