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Sedans Hyundai Elantra Hyundai Elantra Prices Paid and Buying Experience
3257 messages, Last post on Dec 05, 2009 at 10:41 PM
You are in the Hyundai Elantra Forum. Your Hosts are pat & karens
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Replying to: zodiac711 (Aug 25, 2009 5:57 am) It's great if you got the Elantra for the usual 3k off -$4000 or so for the govt rebate, but many folks on other models aren't. By the time one assumes many could have easily got $1800 or more for their clunker in trade, it is a worse deal than they could have worked a month ago, with the std incentives. In no way is it helping people into new cars who otherwise wouldn't be able to afford one. Many are paying the same as they would have without C4C, if not more. Hee Hee, all this fuss over a teeny tiny 3 BILLION cobbled together program of no use. A pisstake. You need to talk TRILLION since last Sept to get anyones attention. And Federal deficits of a Trillion a year as far as the eye can see... But wait... MORE spending on health entitlements for our congressional heroes to "Save" money. I suggest you all get a large vehicle for your c4c deal. You may find yourself living in it in the coming years. Good luck --jjf 09elantraowner: I absolutely agree... For folks who were buying > $20K vehicles, it might be a different story.... And there's always the *REMOTE* possibility that the dealer *MIGHT* sell a loss-leader at a heavily discounted price nearing that... But to: a) Get *the* vehicle you want b) At that kind of discount c) Without having to sell your vehicle on your own (which may/may not be a significant burden) There is no comparison... Perhaps jfritsch believes the dealers when they say they'll take the low-ball offer to their manager and might be able to do something with it |
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| I think we are just going to have to agree to disagree. The sticker on my car was 16.2K and I paid 8.7k before TTL etc. That is a over 50% off the sticker, I don't care what kind of close out you find, you are not going to get that kind of a deal any other way. If I traded my clunker they may have given me 500-600. Private party I may have been able to squeeze $1000-$1200. | |
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jfritsch: looking over the deals people have posted here with C4C on their Elantras leads me to believe that it was a smashing success for all involved. I won't argue your point about $8K on things like a Chevy Impala but is it really an apples to apples comparison (mid-size vs compact, and an admitted $6-7K MSRP differential)? Did the manufacturers take advantage of the equivalent of a Gov't subsidy in maintaining a profit margin they might otherwise lose? Quite possibly, particularly those NOT offering EOY drastic discounts as they normally would, but that wasn't the case with Hyundai (generally). However, I would say that both the manufacturers, AND the Hyundai buyers (at the very least) both took advantage of the subsidy and benefitted well... |
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Replying to: jfritsch (Aug 24, 2009 2:24 pm) I'd also have to disagree with you, jfritsch. I'm sure that some people didn't get the best deals possible, but I think that there were probably very few people who paid more for a new car with this program than they would have without the program. And those are the type of people who would never get a good deal on a car anyway no matter what the circumstances because they don't do any research and have no idea what they should be paying. And for those people who had a clunker like mine that was practically worthless (97 Explorer with too many problems to list, would have been lucky to get $250 for it even selling it myself), this program was fantastic. I get what you're saying that many people weren't getting as much of a savings as they think they were. But again, I really don't think anyone but a select few got worse deals than they would have gotten without the program. Most people probably got a pretty decent deal, and some people were able to get truly outstanding deals. |
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Replying to: joem854 (Aug 25, 2009 9:50 am) |
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Replying to: joem854 (Aug 25, 2009 9:50 am) Unfortunately, if you did this you are probably in the minority though. On the Civic forum some (in the majority -- non c4c buyers) left the market for a few weeks as a Civic lx selling over a month ago in the high 15000's (normal August price) was moving in many places for the high 16000's after the govt certificate. You want $15500 MINUS $4000? $11500 ? on the Civic? similar to the elantra? ---- Forggeddaboutit. This is probably true for the Corolla and the Focus also, the other 2 most popular cars bought in the program. The Focus has been about a $5000 off msrp car in August for many years. I doubt if most c4c'ers even approached $7000 off. By the time one figures a regular trade may have netted them about $1500, many would have paid the same or more with the program than without. Research is relative also as many who relied on Edmund's "TMV" (calculation-unknown) price on a new car over the years have left thousands on the table over what the car is actually frequently selling for in their area, sometimes verified by many messages for months reporting selling prices well below it. It will be curious to see how busy the repo men are in 12 months or so with these "govt approved" purchases. Good luck --jjf Many idiots are paying more for many models than they have sold for the previous 3 summers. I'd also have to disagree with you, jfritsch. I'm sure that some people didn't get the best deals possible, but I think that there were probably very few people who paid more for a new car with this program than they would have without the program. And those are the type of people who would never get a good deal on a car anyway no matter what the circumstances because they don't do any research and have no idea what they should be paying.
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| Yes, some people are going to overpay on some models, that is where being a smart consumer comes in. I had originally wanted a Focus or a Fit but neither of them would play ball. Heck my local Hyundai dealer wouldn't work with me either. I ended up driving an hour to an honest dealer to get the deal I wanted. If people are dumb enough to pay the price then that is their own fault. Heck I have seen some reports of Toyota dealers putting a 5k "market adjustment" on Prius's and still not having any issues moving them. | |
| C4C ended on August 24, 2009. | |
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I'd have expected the Mod to jump to the defense of the Edmunds TMV calculation criteria by now...certainly have seen it for less of an offense. I suspect that the TMV is an average of prices paid in the locality - not a listing of the lowest. I found the TMV to be a lower (thus "better" for the consumer) price than what Consumer Reports was suggesting. All CR did was give me an additional piece of info with which I was able to bargain below TMV. jfritsch - I undestand your point about the program as an entirety - but this forum is about Elantras - so wouldn't you expect to find the counter arguments mostly citing those cars? The relative value of C4C really should've been a separate post as it's so broad in scope. However, as backy pointed out - it's basically moot since it's over... |
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Replying to: 09elantraowner (Aug 26, 2009 5:49 pm)  You can find information about TMV here: TMV Everyone is entitled to their opinion about it.... |
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