Last post on May 23, 2013 at 12:43 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Hyundai Sonata, Sedan
#6934 of 8853 Re: 2011 Sonata Limited Pearl White w/o Nav [mpoblete]
Apr 19, 2010 (12:42 pm)
I closed and got my Limited w/o Navi Black Phantom/camel 2011on Friday, they brought it from another dealer because whites and black are hard to find these days. I'm very happy with the dealer (Hyundai of Wesley Chapel, FL) they were not pushy and worked with me for the deal, got it for 24K + TTL, they offered me good deal for my beloved Accord 2003 as trade. I love the car, love the ride and the comfortability, and the looks? awesome! I'm glad that all the research and my nights reading through the postings here helped me, I would have paid more money w/o the tips I got here, good luck to everybody getting their cars.
#6935 of 8853 Re: 2011 Sonata Limited Pearl White w/o Nav [mpoblete]
Apr 20, 2010 (8:25 am)
I just leased a '11 Sonata Limited (No nav) in Silver w/ grey leather along with the carpeted mats and iPod cable with the specs below. I went with Courtesy Nissan (Tampa) b/c they gave me the best offer and were probably the easiest to deal with, and even waived the $599 Dealer fee at the finance table. I got them to throw in wheel locks for 'free'. Make sure you check their #'s and math on the lease wksheet b/c they were way off when we started and had wrong MF and none of the fees were adding up correctly - so be careful.
36 month lease/12K miles
MSRP = 26150
Negotiated Price = 23350
Total Paid at Signing $1950 (includes 1st pmt, Acq fee, & TTT)
Monthly Payment = $300.66
Residual Value = 58%
Money Factor = .00095
23945 Cap Cost (23350 Neg price + 595 Acquisition fee)
15167 Residual Value
10115.64 Total Pmts
#6936 of 8853 Re: 2011 Sonata Limited Pearl White w/o Nav [crf2318]
Apr 20, 2010 (9:59 am)
I didn't lease it, I bought it (2.99% - 60 months) so not sure if the negotiation goes in the same way, overall you got a good price if you just paid 23,3K in my case I didn't want to push them more that I did (we started at 25,3) because they offered me a very good deal for my trade (50% than all the rest of dealers I quoted) so that worked out really nice for me.
#6937 of 8853 Is this realistic?
Apr 20, 2010 (12:34 pm)
I am looking to lease a car for my son, and I want it to be cheap. However, he doesn't fit in small cars. We saw a ridiculous price advertised for a manual 2011 Sonata, drove an automatic, and my son and I both liked it. So how cheap can I get an automatic GLS? I have read the forum and here are some thoughts.
Someone suggested that he got quotes around 18,500 for an automatic GLS with floor mats and the ipod cable (msrp 21,050). I have seen money factor of .00048 with residual of 59% or 60% for a 36/36000 lease. Combining those and using the 59% residual, i get a pre-tax number of 183.74/mo plus TTL. Does anyone believe I can get that type of deal (in Ohio)?
If I don't do this, I may end up with an automatic Accord around 219/mo but without the bluetooth or satellite. I know my son would prefer the Sonata. Please let me know your thoughts. Thanks.
#6938 of 8853 Re: Is this realistic? [thoughtful]
Apr 20, 2010 (1:16 pm)
If you want cheap, check out a brand new 2010 Sonata; you should still be able to find a few and for much less than a 2011 model. I'm 6'5" so i understand about space!
#6939 of 8853 Re: Is this realistic? [thoughtful]
Apr 20, 2010 (8:13 pm)
Question, not a criticism: If you couldn't get the Sonata for $184/ month, why would you be thinking you'd have to go for an Accord at $219/month?
Does the $219 include TTL while the $184 does not?
How much are you estimating the TTL to be?
#6940 of 8853 Re: Is this realistic? [bhmr59]
Apr 21, 2010 (5:57 am)
Good question. I am not saying that $184 would be my limit on the Sonata. That is just what the calculation produced. The Accord is a last resort if I can't get a good deal on the Sonata. I only started looking at the Sonata because of the low numbers I saw, but it is a quality car IMHO. I still trust the reliability (and in many cases the dealer reputation) of the Accord more.
#6941 of 8853 Re: 2011 Sonata Limited Pearl White w/o Nav [crf2318]
Apr 21, 2010 (5:59 am)
If you paid the acq fee (595) upfront, why was it part of the cap. cost?
#6942 of 8853 Re: Is this realistic? [thoughtful]
Apr 21, 2010 (6:13 am)
18500 is not realistic on this desirable car. I'd be surprised if you got it for 19.0 but 19.4 is realistic. check truecar.com and click on the table view.
Beware the Ohio doc fee of $250 which many say is mandatory when it is a MAXIMUM set by statute. FWIW, I am also cross-shopping the accord and sonata in Ohio. I like the sonata better but the accord has better lease terms. Also, hyundai has a $400 disposition fee while Honda does not...
How much can a seller entering into a retail installment contract charge a customer for the preparation of documents?
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. As a result of the amendment, motor vehicle dealers selling motor vehicles to customers under retail installment contracts can charge the customer this two hundred fifty dollar document preparation fee in addition to other fees associated with the sale of the vehicle (taxes, registration fees, etc.). It is important to note that the dealership is not required to charge the document preparation fee.
The Department of Public Safety, Bureau of Motor Vehicles did not play any role in the adoption of the amendment to section 1317.07, and receives no portion of the document preparation fee. Instead, the fee is retained by the motor vehicle dealer.
#6943 of 8853 Re: Is this realistic? [thoughtful]
Apr 21, 2010 (6:54 am)
not realistic. $18500 was for a cash deal with no trade in. the whole transaction took 15 minutes. You want a great lease deal and both Hyundai and Honda already offer $199.month, which is really fantastic.
If you really want cheap, buy a used 2009 Sonata for $12k.