- #6351 of 6610
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Re: 09 Sonata OTD Pricing [geetmala]
by abagri
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Jul 16, 2009 (6:13 am)
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Replying to: geetmala (Jul 15, 2009 10:40 pm)
What was your "clunker" make & model and how much did they offer for it? Check out its value on kbb.com - dealerships make a lot of money on trade-ins. Agree with mikebzt that the "processing fees" is crazy high.
I got a 09 Limited I4 with Nav, no bluetooth for 21,500 OTD in March (no trade-in). I qualified for a $2000 mfgr rebate and $1500 loyalty rebate.
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- #6352 of 6610
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Re: 09 Sonata OTD Pricing [geetmala]
by bruce77
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Jul 16, 2009 (8:03 am)
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Replying to: geetmala (Jul 15, 2009 10:40 pm)
That's a great price!! You need to remember, you do your job to make a paycheck. These people that sell cars need to make a paycheck as well. I have a friend who works at a dealership and they don't make as much money as you might think. On a deal like you're getting the salesperson that does all your paperwork, cleaning of your car, gasing of your car and great service is probably only making $50 to $100. Put that into perspective, when they probably sell 14 cars per month. That's about $1000 to $1500 a month they make for a 12 hour day 5 days a week.
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- #6353 of 6610
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Re: 09 Sonata OTD Pricing [bruce77]
by mikemartin
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Jul 16, 2009 (9:21 am)
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Replying to: bruce77 (Jul 16, 2009 8:03 am)
That's a great price!! You need to remember, you do your job to make a paycheck. These people that sell cars need to make a paycheck as well. I have a friend who works at a dealership and they don't make as much money as you might think. On a deal like you're getting the salesperson that does all your paperwork, cleaning of your car, gasing of your car and great service is probably only making $50 to $100. Put that into perspective, when they probably sell 14 cars per month. That's about $1000 to $1500 a month they make for a 12 hour day 5 days a week.
Your post is highly irrational from the consumer's point of view.
He should go with the lowest price he can get, regardless of your sentimental feelings for the salesman.
It's called 'capitalism.'
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- #6354 of 6610
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Thoughts on this quote .. . Should I buy this month?
by cstewart27
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Jul 16, 2009 (1:42 pm)
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Here is the best quote I've gotten checking with northeast Ohio dealers as well as talking to a few out of state. Please let me know what you think.
2009 Sonata GLS with popular equipment package and carpeted floor mats
$20735.00 MSRP
$1990.00 Dealer discount
$18745.00 sale price
$1282.16 sales tax (6.75% tax rate)
$250.00 doc fee
30.50 title fee
$20307.66 gross price
$3500 CARS voucher
$3000 rebate
$130807.66 total amount financed
Financing for 60 months  4.39% with approved credit
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- #6355 of 6610
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Re: Thoughts on this quote .. . Should I buy this month? [cstewart27]
by backy
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Jul 16, 2009 (3:23 pm)
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Replying to: cstewart27 (Jul 16, 2009 1:42 pm)
The doc fee looks excessive to me, but otherwise it seems like a good deal, and the interest rate is pretty good also.
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- #6356 of 6610
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Re: Thoughts on this quote .. . Should I buy this month? [backy]
by cstewart27
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Jul 16, 2009 (3:31 pm)
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Replying to: backy (Jul 16, 2009 3:23 pm)
Is the doc fee negotiable? Every Ohio dealer has quoted it at $250
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- #6357 of 6610
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Re: Thoughts on this quote .. . Should I buy this month? [cstewart27]
by backy
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Jul 16, 2009 (3:59 pm)
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Replying to: cstewart27 (Jul 16, 2009 3:31 pm)
Maybe, maybe not. In MN there is a state-imposed maximum doc fee (much less than $250). In my experience it is not negotiable--but it's also not as much as what they are charging you. If charging $250 for documentation is an accepted practice in OH, you may not have much luck getting it reduced.
Another factor is that I've read the clunkers program requires quite a bit of paperwork by the dealer. I wonder if the $250 fee is taking that into account?
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- #6358 of 6610
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Re: Thoughts on this quote .. . Should I buy this month? [backy]
by cstewart27
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Jul 16, 2009 (5:01 pm)
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Replying to: backy (Jul 16, 2009 3:59 pm)
In Ohio Revised Code 13171214 - On June 30, 2006, an amendment to section 1317.07 of the Revised Code, which governs retail installment contracts, took effect. That section now provides that a seller entering into a retail installment contract can charge a fee of up to two hundred fifty dollars ($250) for preparation of documents related to the sale. Previously, the maximum fee that could be charged for document preparation was one hundred dollars.
Apparently, the dealers here are automatically charging the maximum fee. I was quoted the $250 doc fee without even mentioning the CARS program on most of the quotes.
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- #6359 of 6610
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Re: Thoughts on this quote .. . Should I buy this month? [backy]
by ray78
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Jul 16, 2009 (6:15 pm)
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Replying to: backy (Jul 16, 2009 3:23 pm)
Sounds like a good deal? Are you joking- the price that was posted was almost $131,000.00 (130,807.66). Better take a good look at the figures!
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- #6360 of 6610
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Re: Thoughts on this quote .. . Should I buy this month? [ray78]
by backy
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Jul 16, 2009 (7:49 pm)
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Replying to: ray78 (Jul 16, 2009 6:15 pm)
Some of us simply read the entire post and made an allowance for the typo I guess.
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