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Hyundai Sonata Prices Paid and Buying Experience

8851 messages,  Last post on May 18, 2013 at 10:49 AM

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What is this discussion about? Hyundai Sonata, Sedan

Messages Page 866 of 886

#8647 of 8851 Re: 2013 Hyundai Sonata 4dr Sdn 2.0T Auto Limited [pegasus17] by michellej87

Dec 08, 2012 (12:38 pm)

Replying to: pegasus17 (Dec 08, 2012 11:59 am)
I drove the LX. I knew the sport models are bumpier.
I was kinda expecting bumpier ride but it was bad.
I drive this road many times in my old camry and ride is much better.
May be tires were overinflated. I cannot expect people to be buying a popular car if it is so bad.

#8648 of 8851 Re: Sonata 2013 [lucas999] by michellej87

Dec 08, 2012 (12:45 pm)

Replying to: lucas999 (Dec 02, 2012 7:23 am)
This sounds a like a great deal.
I will try to ask for the exact package.
I think Hyundai is getting anxious and wants to sell more.
 
I think Hyundai demand in November has increased 12% but that is nothing compared to accord (88) , camry (22).
Compared to 2011 Sonata sales are flat (no increase) but Camry and accord are up ~35% and Altima is up 15%.
 
http://online.wsj.com/mdc/public/page/2_3022-autosales.html
 
Basically Hyundai is not getting enough of the increased sales.
I am not sure if I have to guess the new models of Altima and Accord are getting shoppers.
 
So I am pretty sure dealers want t get their numbers up before end of the year.

#8649 of 8851 Re: 2012 Sonata GLS AT [saz25] by unlv_rebels

Dec 08, 2012 (6:47 pm)

Replying to: saz25 (Nov 20, 2012 6:16 am)
Steve, thanks again for your prompt response.
 
I went a dealer and obtained an pre-approval of HMF (3.9% for 72 months). I wanted to make sure that I do qualify for a car loan.
 
I am looking at 2013 Sonata GLS with Popular Equipment Package (PEP). I have a Hyundai Elantra ($500 credit) and I will be graduating within 6 months ($400 credit). I am looking to finance through HMF ($1500 credit).
 
I got the following information from a dealer:
 
Dealer asking price:
~~~~~~~~~~~
MSRP: $20,995
GLS PEP: $725
Others: $640 (Carpeted Floor Mats: $100, Cargo Mat: $95, Cargo Net: $50, Auto-dimming Rearview Mirror with HomeLink and Compass: $250, Mud Guards: $95 and Wheel Locks: $50)
Total Rebates: - $2400 ($1500 HMF + $500 Owner + $400 Student)
TOTAL AFTER $2400 REBATES: $19,960 plus $775 (Freight & Handling) plus $300 (Doc Fee) plus $1600 (Tax and Title).
 
My analysis:
~~~~~~~
Invoice: $20,105
PEP Invoice: $650
Others: $540 (Carpeted Floor Mats: $80, Cargo Mat: $76, Cargo Net: $41, Auto-dimming Rearview Mirror with HomeLink and Compass: $226, Mud Guards: $76 and Wheel Locks: $41)
Dealer Holdback (-3%): -$603
Manufacturer to Dealer Inc: -$2400 ($1500 HMF + $500 Owner + $400 Student)
Offer price: $18292; No doc fee; PLUS TTL
 
Here are my questions:
- Does the offer price sound reasonable ?
- Right now, I am planning to go through HMF. Once I graduate (around May 2013), I am thinking to refinance to my local credit union (2.24% for 72 months). I just want to make sure that there is no fee/penalty to do this later.
- You mentioned earlier that the manufacturer gives the dealer about $2000 in the form of incentives ($1000 of which applies to financing) and the dealer decides how to divide them up. It appears that it has now increased to $2400 (HMF + Owner + Student).
- Is it worth getting the items in the "other" category from the dealer or is there any option to buy elsewhere ?
- It appears that getting extended warranty from the dealer is not economical and it is better to shop elsewhere.

#8650 of 8851 Re: 2012 Sonata GLS AT [unlv_rebels] by michellej87

Dec 11, 2012 (10:49 am)

Replying to: unlv_rebels (Dec 08, 2012 6:47 pm)
Looks like you have done your homework.
The offer seems right. You can even start with 18k.
 
I am also looking for similar package.
Did you make this offer?

#8651 of 8851 Re: 2012 Sonata GLS AT [unlv_rebels] by passiona

Dec 11, 2012 (11:52 am)

Replying to: unlv_rebels (Dec 08, 2012 6:47 pm)
My friend/client just got this offer weeks ago in the LA/OC Ca area. Let me know if you want more details.
 
1. 2013 Hyundai Sonata GLS
MSRP: $22,325
Invoice: $21,327
Dealer Discount: $2820
Black Friday Discount: $500
Hyundai Finance Rebate: $1000
Competitive Car Rebate: $500
Net Cost: $17,505
Percentage Below MSRP: 21.56%
Amount Saved Below MSRP: $4,820
Amount Saved Below Invoice: $3,822
  
Cost with Tax and Registration: $19,005
36months 0.9% = $436.66/month after down payment
 
Since you are a student, you will get another $400 off. I believe you won't get both competitive and loyalty discounts so it evens out.

#8652 of 8851 Re: 2012 Sonata GLS AT [passiona] by unlv_rebels

Dec 11, 2012 (12:15 pm)

Replying to: passiona (Dec 11, 2012 11:52 am)
Thanks for the information.
 
Dealer name ? What color ? Did it come with Popular Equipment Package ? What other accessories did it come with ?
 
TIA.

#8653 of 8851 Hyundai sonata limited 2013 by ruthg3

Dec 11, 2012 (3:11 pm)

Car man (or anyone else who may know )
 
Could you please confirm for me the residual value and money factor for a 2013 Hyundai Sonata Limited basic? Is the residual 58% or 57%? the dealer said it went from 58% last month to 57% this month with the same money factor of .00136.
 
Any info is appreciated! Looking to lease this month.
 
Thank you!

#8654 of 8851 $5000 Competitive cash to customer? by mo614

Dec 13, 2012 (11:59 pm)

Guess I may have to buy a 2013 Sonata.
I just saw this on Edmund's:
Bonus $ Offer ..... Type ........... Start .................. End
$5,000 ............... Conquest ......12/01/2012 ........01/02/2013
 
Competitive Owner Bonus Cash is available towards leasing or retail purchases to current registered owners of an eligible competitive vehicle or an immediate family member residing in the same household.
 
So, two questions:
What competitive vehicles are eligible?
Also, is that $5000 a misprint?

#8656 of 8851 Re: $5000 Competitive cash to customer? [mo614] by lucidreality

Dec 14, 2012 (10:25 am)

Replying to: mo614 (Dec 13, 2012 11:59 pm)
Could this also be combined with the Bonus $ Offer Incentive 1 of $1,500 Holiday Bonus Cash?
 
How do the incentives work? Is there negotiating for a price lower than the incentives, or is this it?

Messages Page 866 of 886

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