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Hyundai Tucson Prices Paid and Buying Experience

212 messages,  Last post on Jun 04, 2009 at 11:11 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Hyundai Tucson, SUV


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#31 of 212
Re: 2005 GLS 4WD [gregfromnyc] by greg_in_pa
Aug 17, 2005 (5:26 pm)
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Replying to: gregfromnyc (Aug 16, 2005 1:21 pm)

I took the $1000 rebate from hyundai, and got 5% from a local bank for 60 months. The 3.9 percent from hyundai is no bargain......I financed about $10,000 btw.
#32 of 212
Re: 2005 GLS 4WD [greg_in_pa] by guyf
Aug 17, 2005 (6:11 pm)
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Replying to: greg_in_pa (Aug 17, 2005 5:26 pm)

You did the right thing, congratulations!
 
I was facing the same situation up here and did the same thing; I took the rebate from Hyundai and financed from the bank.
 
Altough I like the product and have good service from the dealer; I'm not impressed with their sales tactics and all these hidden costs.
 
Guy
#33 of 212
2005 LX in Ft Collins, CO by binkleyyaz
Aug 18, 2005 (6:37 pm)
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Wife and I picked up a blue LX with grey interior & a sunroof today. We kept the haggling to the total OTD price including trade-in ('97 Saturn). Not always the best way to do things, but as long as you keep a clear idea of what to expect for everything it *is* a simpler way to negotiate. Worked out to about $22,120 including trade, taxes, fees, rebate, etc. Since KBB on our trade-in basically canceled out sales tax, that final OTD price can be considered the final selling price including destination charge and rebate. Pretty close to TMV for our area, so I'm happy. Didn't get taken, didn't rob them.
#34 of 212
Re: 2005 GLS 4WD [greg_in_pa] by gregfromnyc
Aug 20, 2005 (7:54 am)
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Replying to: greg_in_pa (Aug 17, 2005 5:26 pm)

>...took the $1000 rebate from hyundai, and got 5% from a local
>bank for 60 months. The 3.9 percent from hyundai is no bargain
>.....I financed about $10,000 btw.
 
Actually, one mistake made is that it's 3.5%. Either way, how is 5 better than 3.9 or 3.5?
 
I'm curious which car you got, what the price breakdowns turned out to be, exactly how much you financed, and in the end, what is your monthly payment?
#35 of 212
Re: 2005 GLS 4WD [gregfromnyc] by guyf
Aug 20, 2005 (8:53 am)
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Replying to: gregfromnyc (Aug 20, 2005 7:54 am)

Altough Hyundai advertize 3.9% (or 3.5%) there are admin. "fees" hidden in there. The monthly payment quoted from the dealer was actually $15.00 per month more than what it should have been. Over 60 months thats $900!! That payment was the equivalent of a "real" 8%.
 
So yes, 5% is better than 8%.
 
Same thing happened to me here in Canada. The dealer quote me a price, an interest rate and a monthly payment but when i do the maths, the monthly payment he quoted me was $15 per month more than a bank would charge for the same amount and same interest rate.
 
I'm sure 95% of the customers do not double check the numbers given by the dealer. As long as they can afford the monthly payment, they go for it.
#36 of 212
Re: 2005 GLS 4WD [guyf] by gregfromnyc
Aug 20, 2005 (11:44 am)
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Replying to: guyf (Aug 20, 2005 8:53 am)

In our case it wasn't higher, however, "the dealer" misrepresented the deal. That's why we went back to the dealer twice to get it staightened out, and also why the finance guy refused to handle our deal when contract signing time came (because it was a different deal and we wanted to understand it before accepting it).
 
Also, isn't the interest amoritzed (think that's the right word) so neither 3.5, 3.9, 5 or 8 is the correct "flat" rate, no?
 
Anyway, I'm still curious if anybody with a stock GLS 4WD and $10K down is playing less that $231/month over 60? We were satisfied with $231, but that we could afford it wasn't the only reason. Otherwise it would have only taken us 5 minutes to sign instead of 5 hours Here's what we ended up with:
 
Price of car: $22753.33 ($20995 + tax $1758)
down: $10100
:. financed: $12743
 
finance rate was 3.5%
:. finance change is $1165.03
so total payments = $13908.60
 
We're a done deal, so nothing we can done AFAIK, but I'm still curious if there is some error in our numbers?
 
It also seems to me that an 5% rate would be about $241, or finance charge of ~1686 instead of $1165, and 8% would be about $258 or finance charge of ~$2759.
 
It also seems to me that although there probably is a pro to the $1K rebate, that in the end, for my case it's almost a wash, though I agree that generally speaking you're ahead a bit.
#37 of 212
Re: 2005 GLS 4WD [gregfromnyc] by guyf
Aug 20, 2005 (12:14 pm)
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Replying to: gregfromnyc (Aug 20, 2005 11:44 am)

You're OK. A $12,743. loan at 3.5% over 5 years does equate to $231.82 per month.
 
Enjoy your Tucson!
#38 of 212
Re: 2005 GLS 4WD [guyf] by gregfromnyc
Aug 20, 2005 (12:24 pm)
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Replying to: guyf (Aug 20, 2005 12:14 pm)

Phew, you got me nervous!! Ok, so we're ok on the dollars, and in the end just got an average deal too, right? We're burning rubber at 50 miles now , including night and highway traffic and have no regrets. Steering is stiffer than I prefer, and engine on highway is an odd noise maker, but us and kids and very comfy thus far. I'm going to try the 4WD on various grades of sand tomorrow just to be sure it actually works, and that will make me more comft re NYC winters readiness, though I was convinced by others the 4WD was not really necessary for that.
 
That all aside, we had 3 major "dilemmas" and a number of minor ones:
* The original deal was too good to be true (it was). I truly feel sorry for the salesman who was not there for the signing.
* The contract was actualy printed erroneously! And it was only by going through it line by line that I was able to detect that. Unfortunately the finance manager refused to handle us at that point. (Obviously we rectificed this, but w/o alerting everybody else to what he was doing, OTOH, it's probably why they have him there.)
* Once we understood the "new deal", the problem was not that it was not nice monthly payments, the problem is that we believe that my wife is about to be layed off and why why choose the financing, otherwise, we wanted the option to pay it off in about a year (which was always allowed) if she is not layed off. That's a problem because now if we do pay it off, the base price of the car (and hence the total taxes) added some $2.7K. This was the quandry because if we keep the fiancing, it's some $600 less than the original deal even though the base price of the car in the original deal was cheaper. "Of course" they knew this all along, and no doubt planned to do this all along too. I suspect this has something to do with the way they sell the financing contract to the finance companies.
#39 of 212
Re: 2005 GLS 4WD [gregfromnyc] by gregfromnyc
Aug 20, 2005 (2:05 pm)
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Replying to: gregfromnyc (Aug 20, 2005 12:24 pm)

BTW, on the $10K that we put down, the dealer would only let us put down $4K on our credit card. What's the deal with not letting us do the whole $10K on credit?
#40 of 212
Re: 2005 GLS 4WD [gregfromnyc] by guyf
Aug 20, 2005 (4:03 pm)
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Replying to: gregfromnyc (Aug 20, 2005 2:05 pm)

Probably the 3% they have to pay to the bank on all credit card transactions....

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