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Hyundai Elantra Prices Paid and Buying Experience

3252 messages,  Last post on Nov 03, 2009 at 8:28 AM

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What is this discussion about? Hyundai Elantra, Hatchback, Sedan

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#3223 of 3252 Re: Are there dealer kickbacks/profit on the financing? [lightfootfl] by tifighter Sep 21, 2009 (3:03 pm)
Replying to: lightfootfl (Sep 21, 2009 6:00 am) I also wonder about the financing deal? I think even 4% isn't the greatest.   Regarding the financing, I disagree. Getting 4% in this scenario is pretty good. Remember, those subsidized rates that manufacturers advertise (0%, 2.9%, etc.) almost never can be combined with a rebate. If he can swing a 4% rate on top of the rebate he already received, things are looking up. I'd guess the dealer gets some kind of kick back for setting up the financing, but if the customer ends up paying less interest overall, then everybody wins.   To the buyer, I think it would be worth looking into. Just be sure to pay attention to the overall interest paid before sining anything... Replies to this message: chris207 (Sep 21, 2009 4:23 pm)
#3224 of 3252 Re: Are there dealer kickbacks/profit on the financing? [tifighter] by chris207 Sep 21, 2009 (4:23 pm)
Replying to: tifighter (Sep 21, 2009 3:03 pm) Thank you for replying.   The new financing is directly via Hyundai. I know you can get very different rates depending on which credit reporting agency the banking institution chooses. In my case, if the Hyundai is choosing TransUnion my credit rating is 36 points higher -- crossing the critical 720 mark. It may be the factor?   Just be sure to pay attention to the overall interest paid before sining anything... Thanks for the warning -- I verified the new numbers appear accurate, it's going to save well over $300 over life of the loan with this rate.   I guess my question was: are there kickbacks to using one bank vs. another, ie. a more dealer-friendly financeer that knows they only have to barely beat 5.49 -- rather than offering the lowest rate they could? And therefore give a bigger finders fee to the dealer?   Oh well, I guess it's just a question of whether they WERE originally "playing games" to try to get the most $$$. Things are better now.
#3225 of 3252 Re: Are there dealer kickbacks/profit on the financing? [lightfootfl] by chris207 Sep 21, 2009 (4:45 pm)
Replying to: lightfootfl (Sep 21, 2009 6:00 am) Sorry, don't mean to rain on your parade, but think you could really do better overall.   That's OK I have pretty thick skin and can take criticism. Mostly because I'm my own worst critic -- it's been raining on my parade since I came home with the vehicle. Buyers remorse and all. I knew when I posted (and so should anyone else) I put myself out there for criticism. Worst case, it will help someone else with their purchase when bargaining.   However, I would appreciate a more direct answer. It wasn't an option for me to buy used-equipped, that's more of a subjective personal decision rather than a "mistake" in my purchase. This way I can spend the extra 1750 installing the options I would like -- even if I don't get bulk discount having it pre-equipped from the manufacturer. Again I'm willing to pay a bit more to customize as I'd like.   TrueCar is showing Great Price at 11,770 and Good Price12,240. Edmunds is showing Customer Cash Adjusted True Market Value $12,279. Both do include the rebate in the price adjustment.   Given that, what's your opinion about how much a decent deal would be for a GLS manual w/out options? Let's assume the dealer is willing to do "moderate" amount of negotiating?   11,000? Replies to this message: lightfootfl (Sep 22, 2009 4:22 am)
#3226 of 3252 Re: Are there dealer kickbacks/profit on the financing? [chris207] by lightfootfl Sep 22, 2009 (4:22 am)
Replying to: chris207 (Sep 21, 2009 4:45 pm) It is difficult to know the best way to go on a vehicle like this that has been on the lot as long as it has, but my thinking is that the dealer should have been able to go with a better price. Remember you are dealing with a "stripped" model which would normally have less demand, and the fact they have had it this long means they may already be paying extra each month for it still being in stock. You obviously have looked around your area and know what would be the most reasonable way for you to go on this, or any other deal. I live in Florida, and our prices are different, so I guess I really shouldn't be trying to advise you except to say that I personally would have to think very hard before I would take that deal. I hope you are well pleased with whatever your decision ends up being. I love my 2006 Sonata LX, in everyway but the mileage. I am still on the low side, regardless of techniques, tricks, etc.. Van
#3227 of 3252 Is this a good deal? by xiaoman Sep 30, 2009 (7:08 am)
2010 Elantra Touring, manual, no other options. OTD $15000. I live in northern virginia. How much lower can I possible get? Many thanks.
#3228 of 3252 2010 Elantra Touring SE A/T with Bluetooth and Carpets by thailux Oct 06, 2009 (3:51 am)
What do you guys think?   MSRP - 20935 OTD (Including 7% tax and title) - 20071   No money out of pocket. No trade.
#3229 of 3252 Press request by KarenS HOST Oct 08, 2009 (10:34 am)
A reporter is looking to see if you were looking to purchase a Toyota or Honda vehicle but after doing some comparison shopping, purchase a Hyundai or Kia because of price/value . Please send your daytime phone number to ctalatiedmunds.com by Friday, October 9, 2009.
#3230 of 3252 2009 Elantra GLS Price Paid by j_smooth2004 Oct 08, 2009 (12:25 pm)
So I just bought a 2009 Elantra GLS automatic with all the options minus sunroof. I want to here some opions on the deal I recieved. I paid 15,780 OTD (TTL). Do you think that was a good price for this car.
#3231 of 3252 Elantra GLS AT, Air, Cruise No Roof Pack by ke72spn Oct 09, 2009 (5:39 pm)
We just today pruchased and got a great deal from a dealer on the South Side of Richmond, VA.   Sale Price $17000, $2000 rebate   We went in approved from Capital One at 4.42 and they were able to approve Chase Auto Finance at 3.79 w/gap insurance.   Anyone in Central Virginia considering an 09 Elantra should consider this dealer since they have 100 plus remaining. Replies to this message: preppyladynj (Oct 12, 2009 11:06 am) 4elantra (Oct 17, 2009 8:51 am)
#3232 of 3252 Re: Elantra GLS AT, Air, Cruise No Roof Pack [ke72spn] by preppyladynj Oct 12, 2009 (11:06 am)
Replying to: ke72spn (Oct 09, 2009 5:39 pm) Interested in the 09 Elantra. Located in the NYC Metro area. Does anyone know of a dealership that still have 09's? Richmond, VA is bit of a drive... Replies to this message: 4elantra (Oct 17, 2009 8:51 am)

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