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Purchasing Strategies - Questions & Success Stories

3884 messages,  Last post on Apr 08, 2009 at 1:08 PM

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What is this discussion about? Car Buying


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#3462 of 3884
Re: Good Deal or Bad Deal? [ersula] by jipster
Aug 15, 2008 (9:39 am)
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Replying to: ersula (Aug 15, 2008 9:20 am)

Hyundai Limited Edition what?
#3464 of 3884
Re: Good Deal or Bad Deal? [jipster] by kyfdx HOST
Aug 15, 2008 (11:44 am)
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Replying to: jipster (Aug 15, 2008 9:39 am)

AWD? I bet it's a Santa Fe..
#3465 of 3884
Re: Good Deal or Bad Deal? [ersula] by mattgg1
Aug 15, 2008 (12:25 pm)
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Replying to: ersula (Aug 15, 2008 9:20 am)

It doesn't sound like a great deal to me.
 
For one, you need to leave the amount you got for your trade-in out of the equation, which means you really paid $28,715 for the vehicle.
 
If it's a Santa Fe, then invoice is around $29,000. After cash back the price would be $25,550. Add your 7% tax and it comes to $27,338. So it looks like you paid about $1400 more than you needed to.
 
The 2009 models are out and the market for SUVs is soft, so I don't think you'd have any problem buying that vehicle at invoice.
#3466 of 3884
Re: Good Deal or Bad Deal? [mattgg1] by ersula
Aug 15, 2008 (2:38 pm)
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Replying to: mattgg1 (Aug 15, 2008 12:25 pm)

have to agree with you.......Yes, Santa Fe.
#3467 of 3884
Re: Good Deal or Bad Deal? [mattgg1] by mikefm58
Aug 15, 2008 (8:19 pm)
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Replying to: mattgg1 (Aug 15, 2008 12:25 pm)

Just a nit, but your calculations are slightly off as in most states, you don't get a break on the sales tax for the cash back. It's figured on the original purchase price of $29K, not the $25550.
 
$25550 plus ($29k *.07) = $27580
#3468 of 3884
Buy a used one! by isellhondas
Aug 16, 2008 (2:21 pm)
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If you must have a Hyundai you might look for a slightly used one.
 
Few cars depreciate faster than the Korean makes do.
#3469 of 3884
Re: Buy a used one! [isellhondas] by oldfarmer50
Aug 16, 2008 (3:20 pm)
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Replying to: isellhondas (Aug 16, 2008 2:21 pm)

"...Few cars depreciate faster than Korean makes do..."
 
You couldn't tell that by the prices the bandits near me charge. Usually 2K higher than KBB dealer retail.
 
They must figure that people around here are too stupid to know the difference between Korea and Japan.
#3470 of 3884
Re: Buy a used one! [oldfarmer50] by snakeweasel
Aug 17, 2008 (5:30 am)
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Replying to: oldfarmer50 (Aug 16, 2008 3:20 pm)

Well I will tell you this I have an 8 year old 155K Hyundai and I would have lost more in depreciation dollar wise on a Japanese model than I will on my car when it comes time to trade in.
#3471 of 3884
Re: Buy a used one! [snakeweasel] by isellhondas
Aug 17, 2008 (6:31 am)
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Replying to: snakeweasel (Aug 17, 2008 5:30 am)

I don't think so...not even close.
 
Finding a buyer would be the tough part.

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