Last post on May 20, 2013 at 9:55 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Hyundai Sonata, Sedan
#8439 of 8852 2013 Hyundai Sonata 2.0T Limited 36 mo lease
Sep 10, 2012 (11:10 am)
My apologies if this is a duplicate post, I think I replied to another comment instead of creating a new one. Can you please tell me what the September money factor and residual are for a 2013 Sonata 2.0T Limited in zip 08003 for 12K miles on a 36 mo lease?
I have the dealer down to $24825 for the car but the total monthly payment is way off. I'm using a money factor of .00213 and a residual of 63% found online. My numbers are about $40 lower than they're quoting. Any help is greatly appreciated!!
#8440 of 8852 Re: 2013 Hyundai Sonata 2.0T Limited 36 mo lease [jasond02]
Sep 10, 2012 (7:55 pm)
You might have better luck posting in the "Hyundai Sonata Lease Questions" section. That's where your question belongs.
#8442 of 8852 Re: Bought a new 2013 Hyundai Sonata Limited [saz25]
Sep 11, 2012 (8:26 pm)
Can you clarify which of the options you were able to get? Rather, does "fully loaded" truly mean with all of the bells including the remote start, bumper applique, cargo net, mud guards, mat, net, rear lip spoiler etc...?
Did you qualify for anything other than the current $500 promotion?
#8443 of 8852 Re: Bought a new 2013 Hyundai Sonata Limited [jdhyundai]
Sep 11, 2012 (8:50 pm)
I don't remember exactly as I bought the car for my Dad and I negotiated the deal last week. I don't have the paperwork. But what I could tell you is that the total msrp with options (including destination charge) was just over $30K. no remote starter or bumper appliqué or mud guards. But it does the have premium package with back up cam, nav, panoramic sun/moon roof, floor and cargo mats, etc.
This is before sales tax, license, etc.
As for rebates ask for them all regardless of your situation. I did. I just told them that I'd pay $25000 for the $30000 car. I researched their invoice and it's around $27500, plus they get a 3% holdback on the full $30000, plus other monthly incentives.
I also said I would not pay their $695 dealer doc fee.
It took a lot of whining but they agreed. My Dad loves the car.
#8444 of 8852 Re: Bought a new 2013 Hyundai Sonata Limited [saz25]
Sep 11, 2012 (8:54 pm)
I estimate they made about $300 profit., no more.
We also said no to everything the business manager wanted to add like tire warranty, gap ins, ext warranty, fabric/leather guard,etc.
You can get better ext warranty prices from other Hundai dealers online.
#8445 of 8852 Re: 2013 Limited 2.0T w/o Nav Good Deal? [tim1987]
Sep 12, 2012 (10:27 am)
Does this include Premium package: navigation and all that?
#8446 of 8852 Re: 2013 Limited 2.0T w/o Nav Good Deal? [nafis]
Sep 12, 2012 (11:10 am)
Yes, I wrote that in my previous post. I wrote:
"But it does have the premium package with back up cam, nav, panoramic sun/moon roof, floor and cargo mats, etc. "
#8447 of 8852 Re: Bought a new 2013 Hyundai Sonata Limited [cktelnet]
Sep 23, 2012 (7:25 am)
Just bought a new 2013 sonata limited without premium package for otd 24600.
I live in northern cal and the taxes are typically 8 to 9 percent. Not sure if I could have gone further down on the price as I was insistent on having a black on black car. The car price quoted on the paper was 23225 and I got a 1000 rebate for financing for 60m at 2.9 apr. I am gonna refinance from my credit union for 2.25% for 84 months after a month.
The guy tried to sell me a lease for the above deal, the per month payment was 340 with taxes and the car residual value would have been 15600. there was a 850 downpayment to cover first payment and some misce fees.
I almost was about to sign it and walked away as I had not done any research.
Really appreciate your thought. Thanks.
#8448 of 8852 Re: Bought a new 2013 Hyundai Sonata Limited [raj43]
Sep 23, 2012 (7:39 am)
It was good that you walked away. You shouldn't mentioned lease or loan stuff until you first negotiate the final car purchase price.
Since the dealer hold back on a Hyundai is 3% of total MSRP, there is a lot of room to play with, plus at end of month they have more incentive to make a deal at almost any price.
By calling several local dealers on the phone you should negotiate before walking into a dealer. I've done that 3 times now. Only then do you walk into the dealer to sign papers.
For a fully loaded Sonata with MSRP of about $30,000, you should not pay more than $25,000. Also refuse to pay dealer fees. Have them reduce the price accordingly. Then of course you add tax, title and reg fees.