Last post on Nov 08, 2013 at 3:09 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Hyundai Sonata, Sedan
#8573 of 8898 Re: looking to buy [thetriplei]
Nov 16, 2012 (5:45 pm)
You need to find out if they have early lease incentives. Now for full disclosure I am a sales rep. I often read these forums to get an idea what the trends are. As for your trade. Some dealers are different. You can do it either way but I can assure you the numbers would come out the same either way. They may sell a car very very little profit but I promise you they will not give over fair value for a trade. Nothing wrong with that. If you are going to pay wholesale then expect wholesale for trade. 90% of leases are not worth buying at end of lease because they add buyout fees up to 2500 and depending on your lease you may have a termination fee that would have to be concidered as well. If your lease is not a hyundai they might have a competitive early lease incentive at Hyundai. I know Ford does.
#8574 of 8898 Re: 2013 Hyundai Sonata Limited w/ Premium Package [benrey23]
Nov 16, 2012 (6:17 pm)
First of all I always deal with a sales rep with respect. Never am I rude. It's pure business.
But one policy that I have, never changes. I do not, and I repeat, do not believe anything a car sales rep says. Nothing....
With all due respect, have a nice day.
I have been buying cars for myself, friends, and family for years. No one gets a better deal than I do. I have taught many people to do the same.
#8575 of 8898 Re: 2013 Hyundai Sonata Limited w/ Premium Package [benrey23]
Nov 17, 2012 (7:10 am)
I felt that I needed to add to my previous reply as I don't think this individual is helping others on this forum. Does he want you all feel sorry or compassion for the dealership and make sure they make a substantial profit? It shouldn't be our (buyers) responsibility to make sure they make a profit. If they don't agree to the deal, so be it. End of story.
Does he think I am kidding when I say I do this all the time and it works. Here are 3 recent examples of cars I bought for myself or family members:
2013 Sonata Limited with $30,000 MSRP, I paid $25,000. No doc fee
2013 Lexus RX350 with $50,000 MSRP, I paid $44,000 with $400 doc fee (reduced from $600). (Note: I agreed to the $400 doc fee because I knew it was a very good overall deal)
2012 Toyota Prius with $29,300 MSRP, I paid $26,400 with no doc fee.
These were all below the invoice as well the hold-back.
To illustrate how easy this is, I could have gotten the Sonata from 2 different and very large south Florida dealers. Yes, I called 6, but 2 agreed to my deal.
As for the Lexus, I called 5 dealers in NH and MA, one agreed to my price, but 3 others were close enough (within $700) that I would have bought from them except that I choose the lowest price. My local/closest dealer will service it and be happy getting the service and warranty business.
Don't believe anything a car sales rep says. Besides, should car sales reps supposed to even be on this forum?
#8576 of 8898 Re: 2013 Hyundai Sonata Limited w/ Premium Package [saz25]
by kyfdx@Edmunds HOST
Nov 17, 2012 (12:30 pm)
Besides, should car sales reps supposed to even be on this forum?
As long as they aren't soliciting, they are welcome in the forums..
#8578 of 8898 Re: 2012 Sonata GLS AT [saz25]
Nov 17, 2012 (4:51 pm)
Quick question regarding your strategy for a target price. When you talk about subtracting at least $1500 from the invoice price - hold back would that $1500 take into account any incentives, or would those be extra subtracted on top of everything else?
#8579 of 8898 Re: 2012 Sonata GLS AT [sirjared]
Nov 17, 2012 (5:12 pm)
The $1500-$2000 I mentioned is the current Hyundai incentives. Some are for loyalty, college students, veteran, etc.
I determined when negotiating with several dealers that you can get them all. They never asked me for proof of military status, previous buyer, etc.
It seems that the manufacturer gives the dealer all the incentives totalling about $2000 total ($1000 of which applies to financing) and the dealer decides how to divy them up.
In order to get the full $2000 I agreed to finance just $6000, and pay the rest in cash. Ultimately I repaid the $6000 loan in less than a month.
My intention was to buy the car with cash like I normally do.
Hope this helps
#8580 of 8898 2013 Sonata limited turbo purchase
Nov 17, 2012 (7:13 pm)
Just bought 2013 Sonata limited turbo for out of the door price $26,240 in NY + $130 gap insruance purchased from the dealer. Used $2,250 rebated.
Sale price was about $24,000. Sticker price was $28,885
#8581 of 8898 Re: 2013 Sonata limited turbo purchase [leggy]
Nov 17, 2012 (7:27 pm)
Why did you buy GAP insurance? Do you really think you need it? Did the dealer force you or did you finance the car?
#8582 of 8898 Re: 2013 Sonata limited turbo purchase [saz25]
Nov 17, 2012 (8:26 pm)
I asked the dealer for it. GAP insruance is very important if you are financing the car. It covers the difference between what the insurance pays to your lender and how much you still owe the lender.