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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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#6341 of 6609
Re: Price went up? [james1982] by hum3
Jul 11, 2009 (7:35 pm)
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Replying to: james1982 (Jul 10, 2009 10:41 am)

Here's my initial pricing, would like to buy this week the gls with PEP1. I have a friend who bought in jan for about 13,900, -- 15700 otd no PEP package, rebate 3500. I know that is a good deal, so we went back to the same salesman.
 
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.
#6342 of 6609
Just purchased 2009 Sonata I4 Limited by shawnzhang
Jul 13, 2009 (7:56 am)
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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.
#6343 of 6609
Confident prices will fall by mikemartin
Jul 13, 2009 (12:28 pm)
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Replying to: shawnzhang (Jul 13, 2009 7:56 am)

The reason rebates were pared down on most makes is there were production cuts, and a lot of vehicles are being floated on storage lots as creditor and dealer issues get sorted out.
 
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.
#6344 of 6609
Re: Confident prices will fall [mikemartin] by backy
Jul 13, 2009 (6:15 pm)
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Replying to: mikemartin (Jul 13, 2009 12:28 pm)

In general, that may be true. But this discussion is about the Sonata. By this time next year, the redesigned 2011 Sonata should be out. Depending on the desirability of that car vs. the current design, the price of a new Sonata could very well be higher this time next year than it is now. OTOH, if there are any leftover 2010 Sonatas (or even 2009 Sonatas) available then, they could be a real steal.
#6345 of 6609
Re: Confident prices will fall [backy] by mikemartin
Jul 13, 2009 (10:30 pm)
Reply

Replying to: backy (Jul 13, 2009 6:15 pm)

Hey backy.
 
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.
 
 
#6346 of 6609
Re: Confident prices will fall [mikemartin] by backy
Jul 14, 2009 (9:00 am)
Reply

Replying to: mikemartin (Jul 13, 2009 10:30 pm)

Factory cash on the Sonata is already at an all-time high, for a general rebate. There will be the usual year-end deals of course, and big close-outs on the outgoing design as I noted. So the next few months could be very good for Sonata buyers. Next year at this time? We'll see.
#6347 of 6609
Hyundai Rebates by cstewart27
Jul 14, 2009 (9:50 am)
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Late June, a Ford dealer told me that their rebates would be dropping due to the CARS program kicking in. That seemed counter-productive to me and made me lose interest.
 
Anyway, anyone hearing anything regarding the Hyundai rebates for August? I know we don't have magic balls, just thought maybe a salesman or two might have dropped some hints.
 
I'm on hold with our Sonata purchase till the last week of the month. Two reasons: 1) Dealer is waiting for CARS details and doesn't want to have to eat any CARS deals that don't meet all of the requirements to be released 7/24 and 2) My company is supposed to announce 1200-1500 more layoffs and I'm hoping I'm not one of them!!!
#6348 of 6609
Re: Hyundai Rebates [cstewart27] by backy
Jul 14, 2009 (12:57 pm)
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Replying to: cstewart27 (Jul 14, 2009 9:50 am)

I agree that cutting rebates because of CARS is not a good idea. Not that many buyers will qualify for CARS. Still, I can understand the automakers trying to increase their profits after some dismal quarters.
#6349 of 6609
Re: 09 Sonata OTD Pricing by geetmala
Jul 15, 2009 (10:40 pm)
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Replying to: backy (Jul 14, 2009 12:57 pm)

I got the following quote today from my local dealer. Looking to see if I can do any better. Thanks for any help with this.
 
09 Sonata Limited, 4cyl
Options - Navigation, BluetoothConnect, Floor Mats, Cargo Net
 
Negotiated price - $22,315
Freight - $800
Proc fees - $349
Tags, title - $202
Sales Tax - 1,429.14
Hyundai Rebate - $3,000
Clunkers Rebate - $3,500
OTD Price - $18593.14
#6350 of 6609
Re: 09 Sonata OTD Pricing [geetmala] by mikebzt
Jul 16, 2009 (4:49 am)
Reply

Replying to: geetmala (Jul 15, 2009 10:40 pm)

Here is what i do not like about your quote.
1. Most places include freight in the price
2. Proc fees are crazy high
 
That being said your Negotiated price should be lower
 
check out Fitzmall in regards to pricing and you will see that
Stock #: H550395 which is close to what you have is $21,464 and that includes freight
 
I think you can do better but that is my .02

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