Last post on Sep 13, 2011 at 2:29 PM
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#758 of 787 Re: I got a good deal... and the Dealer did too [graphicguy]
Aug 21, 2007 (3:01 pm)
I'm not so sure about a $38 and change sticker, but it matters not.
Hyundai, like Kia have had unit bonus since the early 90's ...
Example, if they sell 10 Sonata's in a month they'll receive $400 a unit, if they sell 15 Sonata's in that time they receive $600 a unit, etc, etc, ... that's why you see so many of their sales at invoice and below ....
I'm sure with a heavy "cold brute" SUV like the Veracruz hitting the floorplan and being 99 degree's in most places, plus competing with players with a proven 10/15 year track record, they'll cut em' from the herd faster than the slushy lines at Dairy Queen....
#759 of 787 Re: I got a good deal... and the Dealer did too [rroyce10]
Aug 21, 2007 (3:35 pm)
Yes, I suspected there was some kind of dumping involved since they offered such a deal so quickly on a relatively new model... but after all it is a 2007 taking up space where they want the new ones to go. Wonder why no other dealers wanted to play at the same level with the same stock though?
As you say, no one really cares but if you wanted you could check the possibly-inflated $38K MSRP on Edmunds at will. THis was Limited AWD, with Ultimate/Saddle, Roof rack, mats, cargo mat.
The dealership is Vision Hyundai of Henrietta, suburb of Rochester. My sales guy is easy to find as he is identified as the Internet Manager on their site. He is 30 years into his gig and having a ball, by all appearances... He had maybe fifty/sixty "Sales guy of the month" plaques stacked in boxes on his desk...
#760 of 787 Re: I got a good deal... and the Dealer did too [graphicguy]
Aug 21, 2007 (6:00 pm)
but you are talking about old or just revamped models with no public love. the veracruz seems to be a bit of a media darling and a new face on the block, to boot. i dunno. guess i was just thiking hyundai might actually have a winner for once. oh well. not that it matters much to me.
May 27, 2011 (7:30 am)
So I wanted to come here looking for some financial advice to get a good deal on car buying
My background: Just recently graduated from college, salary is a tad under 50K annually. Looking for a car to last me 2 years (or longer). In roughly 2 years, will see a significant jump in salary (2-3x current income)
1. Would it be in my best interest to buy a new, cheap car to string me along for 2-5 years and then purchase a new one?
2. Would it be in my best interest to lease an affordable car for 24 months and then purchase a new car once I have more disposable income?
3. Would a certified pre-owned vehicle be the smarter way to proceed?
#762 of 787 Re: Financial Advice [darrvao777]
by kirstie_h HOST
May 27, 2011 (8:20 am)
You're almost certain to get a majority of votes for option #1. If you can do it, it is almost always best to buy what you can easily afford NOW without stretching your budget. Oh wait, you said NEW, cheap car? Oh no. Not new.
Pay as much cash down as you can for a cheap, used vehicle. Finance what you must. In the interim, save a bit of money every month for a nice downpayment on that new vehicle. Even when your income does go up, you will avoid the trap of being upside-down in the new vehicle you purchase.
#763 of 787 Re: Financial Advice [kirstie_h]
May 27, 2011 (8:35 am)
Pay as much cash down as you can for a cheap, used vehicle. Finance what you must.
Kirstie nailed it, but try and make it a fairly new (2 or 3 years old) model.
The previous owner will have taken the depreciation hit, it should be reliable, and in case it's not it still has some warranty left.
#764 of 787 Re: Financial Advice [mac24]
by kirstie_h HOST
May 27, 2011 (8:35 am)
Yes - but not a Honda or Toyota. They initially depreciate so slowly (in general) that a good deal on a late-model year vehicle is very hard to find.
#765 of 787 Re: Financial Advice [kirstie_h]
May 27, 2011 (8:42 am)
Yes - but not a Honda or Toyota.
She's right, but don't hesitate if you do find a good deal on one.
#766 of 787 Re: Financial Advice [darrvao777]
May 27, 2011 (8:56 am)
of course, kirstie is right. But an inexpensive but reliable used car.
At this point, you should be more concerned saving up what you can to buy your first home.
#767 of 787 Re: Financial Advice [darrvao777]
May 27, 2011 (9:18 am)
I will go a different way.
If you are light on cash now, but are confident in you job, I would look for a great deal on a ST lease. Subaru has some now in the paper, and I am sure there are plenty of others.
you should be able to get an imprezza for low $200 range, with very little due at signing. This way, your payments are low, and you can start saving as much money as possible (build a nest egg, and put some toward your next car).
Knowing that you will want something nicer in 2-3 years, a 3 year lease (that Sube one is 39 months) times out well.
plus, it should help keep you from doing something radical in the next year or two!
also, you should have fixed (as in next to no) variable costs on this. Gas, insurance, payment, pretty much it.
if you buy well used (as in cheap), it will be a whole different experience.