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
#8575 of 8853 Re: 2013 Hyundai Sonata Limited w/ Premium Package [benrey23]
Nov 17, 2012 (8:10 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 8853 Re: 2013 Hyundai Sonata Limited w/ Premium Package [saz25]
by kyfdx HOST
Nov 17, 2012 (1:30 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 8853 Re: 2012 Sonata GLS AT [saz25]
Nov 17, 2012 (5:51 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 8853 Re: 2012 Sonata GLS AT [sirjared]
Nov 17, 2012 (6:12 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 8853 2013 Sonata limited turbo purchase
Nov 17, 2012 (8:13 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 8853 Re: 2013 Sonata limited turbo purchase [leggy]
Nov 17, 2012 (8:27 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 8853 Re: 2013 Sonata limited turbo purchase [saz25]
Nov 17, 2012 (9:26 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.
#8583 of 8853 Re: 2013 Sonata limited turbo purchase [leggy]
Nov 18, 2012 (1:41 am)
I bought a 2012 SE Turbo last February. I purchased gap as well. Hyundai is building a better car, for sure...My Sonata has been fantastic...but depreciation remains a concern for me with Hyundai. So, between that and the financing it made for an easy decision
The gap program Im in pays 150% of the difference you stated. Ive bought a lot of cars, and when its cheap money to finance I put very little down. So in a few instances where thats been the case, its the only back end product Ive ever tacked on to a vehicle purchase.
#8584 of 8853 Re: looking to buy [saz25]
Nov 18, 2012 (1:54 am)
I dont bring the doc fee into the process. My offers are always OTD. How they work the numbers isnt a concern for me if its accepted. Now, there have been a few occasions where I kindly had to explain my definition of OTD after an intial offer didnt include the doc fee. Thats when I say "Do whatever is neccessary on the bill of sale, but my accepted OTD offer is what needs to be on the retail sales contract."
Its never been an issue.