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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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| Hi folks, I just got the 1st round quotes back via email. Seems like the lowest OTD for a base gls model so far is around 18.2k minus trade-in value of my current 2000 sonata, all rebates included. I'm in Houston, TX. There's no 09 model left in my area. Is this a good deal? I'm still hesitating between Jetta and Sonata though. Any comments are welcome. Thx! | |
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Replying to: rossoneri (Sep 16, 2009 5:43 am)
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Replying to: newowner10 (Sep 16, 2009 5:51 am) |
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Replying to: rossoneri (Sep 16, 2009 5:43 am) Right now, there is no press to put rebates on the '10 because it's the brand new model year, just out. In two months (or even late next month) there will start to be pressure to move units again; the auto industry is like a large snake that way, they've just gorged, now they aren't hungry. Sometime between mid-late October and the Christmas time frame, rebates will shoot back up, as the pressure to move units increases. If your 2000 is still in decent enough shape to make that, then by all means, wait until Christmas.... you'll have enough to pay for the presents in your savings.
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Replying to: billward (Sep 16, 2009 7:43 am)
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Replying to: rossoneri (Sep 16, 2009 8:14 am) I am also with billward & suggest that you wait as long as you can. I'm also in the market for a Sonata for my wife but am not willing to pay the high price dealers want now. Historically the rebates get larger towards the end of the year (Xmas, Thxgiving) as foot traffic is lowest during those months even in the best of times. I would be extremely surprised if the the rebates don't go up in Oct/Nov/Dec. Also, if you're financing, those are the times when they start the 0% financing offerings. You'd be saving a bundle. I know you are worried that the trade-in bonus, college grad rebates etc. would expire at the end of this month. Only Hyundai knows if they would extend the offers next month as well. But as I said, I would be very very surprised if the rebates don't get larger in the next few months. Right now, the dealers in Houston are not in a mood to offer good deals. Even used Sonatas (even former rentals) are not being discounted at the dealers. (For ex, dealers want 14k-15k for a used former rental 09 Sonata with 35-40k miles!! HA!!) I know you've got the new car itch now. Fortune favors those with patience & the impatient become car dealer's lunch! |
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Replying to: rossoneri (Sep 16, 2009 5:43 am) Since they want people to buy as soon as possible; all rebates run month-to-month. My experience is that they are almost always renewed or improved the next month. Second, the new scam to watch out for in trade-ins is that dealers now offer you "what the bank will loan" someone else on your car. Which ignores the fact that most people will add their own money, especially on an older car. I would check several websites (I think Edmunds does that now, too) for what comparable cars are selling for, then deduct whatever you think is a fair profit and ask for the remainder. Don't be afraid to tell them you'll go elsewhere if you don't get a reasonable trade-in. |
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I am planning to buy a Sonata 2009 before the end of this month. However, I found most of dear in VA don't have many 2009 models in stock. Pearson Hyundai in last week's Richmond Times says they have 80 New 2009 Hyundai SONATA in stock with price $13,950.00. That seems too good to be true. Should I wait a little bit more for a 2010 model? Did anyone get a good deal in Sept.
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Replying to: zfrayj (Sep 22, 2009 11:01 am) I drive by Pearson Hyundai everyday, and I can assure you: they have A LOT of 09 Sonatas! They probably have 80 on the lot. I bought mine from Pearson in April for $14,500 OTD. I have the GLS PEP standard transmission. $13,950 isn't an outrageous figure - assuming it's for a GLS standard transmission. I thought they were very nice, and were willing to negotiate with me. Of course, the longer you wait, the more room you have to negotiate. $14,500 in April was a great deal at the time. $13,950 is a great deal now. Who knows, in December, the price could be $12,950. The longer you wait, the stronger your position. I hope that information helps. Let us know what you decide to do. Happy buying.
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Replying to: james1982 (Sep 22, 2009 2:58 pm) Thanks a lot! Called them. They asked $17500 OTD for a white color GLS AT and $19700 OTD for a silver GLS with PEP (sunroof). Seems much different from their advertisement. Not sure how much room I could have to negotiate with them when I go to the dealership.
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