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Prices Paid: Buying & Leasing Experiences Hyundai Sonata Prices Paid and Buying Experience
6610 messages, Last post on Dec 03, 2009 at 8:47 PM
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Sorry if this isn't the right area to post. I'm looking at a 2009 Sonata GLS base model. I know Hyundai is offering 3000 cash back right now, but I'm confused about the price of the vehicle now. I figured the cash back was merely money they are giving you off of MSRP. But, this page on edmunds seems to indicate you can take of off of the negotiated sales price? As a simple example, say the dealer MSRP is $22,000. I negotiate a sales price of $17,000. Does the $3000 cash back now make the price of the vehicle $14,000? Sorry for the novice question, but I'm confused how this works and I don't want to overpay for the Sonata! Many thanks in advance!
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Replying to: sgtgz (Jul 11, 2009 8:09 am) |
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Replying to: mikemartin (Jul 10, 2009 8:52 am) A 2009 Sonata sells for 22K msrp. After rebates I can get it for 18K dealer take 2K more off.. I am looking at a used car 2008 Sonata (assume that the car/model did not change .in 2009. If I can get a new Sonata for 16K the 2008 could not be worth more than 14K (most likely 12K).(New-4K) Now if the 2010 Sonata sells for 23000 with no rebates avalible and the dealer will not take any money off the difference between the 2009 and the 2010 version is 7K therfore the 2009 is worth more compared to the 2010 model. New car 23K used car 19K (new-4K) |
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Replying to: james1982 (Jul 10, 2009 10:41 am) My price is 14800 otd, in MD this is about 13000 base price plus 3500 clunker = 16500 . The salesman's price now is about 2600 more than my friends, 500 is the rebate difference, 500 is for the PEP, he says the car now costs 800 more from the factory, and 800 is unexplained. Could be my friend just got a good deal(but the car had to be brought from another dealer so it wasnt like it was sitting for a while) , but could also be because this is a clunker deal and the salesman is trying to recoup some of that. (When comparing the numbers I took into account the clunker aspect) Any thoughts are appreciated. |
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Just purchased 2009 Sonata I4 Limited: (Boston area) 22000 -3000 rebate -400 college graduate rebate Final price: 18600 + TTL No Navi system nor bluetooth It's the last one in the dealership, fortunately the color is what we want. I think it's a pretty good deal. I hope it can help others.
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Replying to: shawnzhang (Jul 13, 2009 7:56 am) I'm so confident that prices will start falling again when production picks back up and as more stored cars make it into circulation, I'd bet anyone that the same car will be cheaper next year at this time, by a fairly wide margin, than it is now. Of course, salesmen and dealers will vehemently argue the opposite, but if you check out the articles factually being reported about the massive amounts of cars being stored around the world, and if you assume automakers will have to use the plants they built at some point if they hope to compete and remain in business, when the only way to compete is on price in this market, you no doubt agree with me, and not some salesman hoping to book a sale now.
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Replying to: mikemartin (Jul 13, 2009 12:28 pm)
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Replying to: backy (Jul 13, 2009 6:15 pm) I found this just now while doing a little research. "Meanwhile, another automaker with a plant in Alabama, Hyundai, said about 3,000 workers are returning to a full-time work schedule at its Montgomery plant, which makes the Sonata sedan and the Santa Fe SUV, after a months-long production slowdown. The company is exporting record numbers of vehicles, officials said, and the slowdown in production has created the need to boost inventory despite the recession and sales that remain below 2008 levels. The return to full-time operations for the rest of July was mostly because of steady demand in the United States and in Canada, said factory spokesman Robert Burns. The plant shipped a record 3,140 Santa Fe SUVs to Canada in June and had total exports of 4,062, the second highest in plant history. 'That is a pretty significant number,' Burns said of the Santa Fe exports. Hyundai sold 19,098 Montgomery-made models in the U.S. last month, the highest monthly total since August 2008. While Hyundai is returning to a full-time work schedule, the plant will not be back to full production, at least for July. Burns said plant managers want to produce about 900 vehicles daily, below normal production of 1,000 units." http://www.tuscaloosanews.com/article/20090708/NEWS/907079937/1001?Title=Mercede- s-plant-back-to-five-day-workweek If anyone here can wait to buy a Santa Fe or Sonata, wait. You'll be far better off for it as production ramps back up and the factory and dealer cash inevitably follow. 
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Replying to: mikemartin (Jul 13, 2009 10:30 pm) |
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