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Wagons Kia Spectra/Spectra5 Kia Spectra5: Prices Paid & Buying Experience
40 messages, Last post on Sep 20, 2007 at 7:45 AM
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| any ides on price for this model OTD? thanks bruno | |
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We were ready to purchase the KIA here in Hamilton. The dealer gave us a turnkey quote of $22767.60 for the 2007 LT Convenience Automatic with 0% financing. I did research, and thought this was a pretty good deal, as this corresponds to about $1600 discount. We were going to finalize the deal today, but I notice of the three payment plans was $379 per month for 60 months + a $3000 deposit. But that totaled $25767.60. When we asked about it, we were told she made a mistake, and the correct turnkey price was $25558.62. And that was computed from a vehicle price of $20020. I did the math, and figured out, somewhere there was an extra $700 fee they did not tell us about, and there quote was $1600 more than what the kia.ca website computes after I add the 14% tax. So we politely said no thanks and bought a 2008 Toyota Matrix instead. In the end we paid about a thousand dollars more for the Toyota Matrix due to financing costs, but the car hold is value better, and it is a 2008 not a 2007. I just don't get it. The KIA is clearly a lower quality vehicle, with nearly twice the cost of routine maintenance. Why would someone pay so much for it? And why can't they even give quotes were all the numbers add up correctly? And do they think we are idiots enough to believe the Canadian version gets 46 MPG, when the US version gets 30 MPG? Bill |
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The local Kia Dealership is offering $11k off of all Kia models. Resulting prices: Sedona - $15,775 Rondo - $11,775 Optima - $10,775 Sorento - $12,775 Spectra Sedan- $7,775 Rio Sedan - $6,775 These are all new 2007 models. HOWEVER  (You knew that had to be coming  ) When I went to the dealership (without ad in hand, wanted to test them for honesty and how forthright they might be. They did mention the $11k discount, but told me that it was only available on the vans and SUVs and only on the models that were fully loaded, resulting in a final price on the Van for example of about $23k. The discount included a $1500 rebate and $3k in customer loyalty stuff. When I tried to get the specifics from the dealer (when I asked about their ads) I was told that the cars did not have air conditioners. The detailed explanation was that the cars were made for the North and shipped down here to North Carolina. Rebuttal to bad line 1. I'm from Illinois and it gets as hot in Illinois as it does in North Carolina. Air Conditioners are just as essential there as they are here in North Carolina, now maybe a car without airconditioning might sell in Alaska, but I doubt even then that a small little Kia would drive well in the snow. 2. They pointedly showed me the small little air conditioner in the other cars. The air conditioner is smaller than a small can of folgiers coffee (like about the girth of a 1 liter bottle of water, but a little shorter). I sincerely doubt that a small air conditioner like that is really worth $3.5k ($16k normal price - less $4500 in discounts = $11.5k - $8k selling price is $3.5k for an air conditioner.) That's one hell of an air conditioner! On a separate note, if they advertise a Kia new for $7-8k, that cannot be good for the resale value of used cars of the same make and model. 
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Replying to: brettbum (Aug 29, 2007 2:20 pm) I bought a Kia rather than a Sonata because of similar crap from the local Hyundai dealer. The sad fact is that Kia and Hyundai both have more than a normal share of sleazy dealers. Sad, although the snottiness of many top tier (Toyota, Honda) Japanese dealers is almost as disconcerting.
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Replying to: csandste (Sep 01, 2007 7:14 am) I had a Honda sales guy tell me that he didn't want to sell me a Prelude for MSRP, because his manager was thinking about selling at auction the next day, where they typically sold for $3k over MSRP. My response, go right ahead, and by the way, why do you have a dealership at all, if you can sell cars for $3k over MSRP at auction? I've never been back to a Honda dealer since(had other stupid run ins before that). I've had better luck at Toyota dealerships, but that could be a fluke. Now, when it comes to Mitsubishi dealerships, (I like Mitsubishi cars in general), I've never found a Mitsubishi dealership that didn't literally break the law (seriously) at least once during my visit. I've been to Mitsubishi dealerships in 3 states to buy cars (because I like their cars and I keep thinking they can't all be crooks), I am seriously disappointed everytime I go there. Funny thing is Mitsubishi took almost a half billion hit a few years back due to their bad vehicle loans, partly related to their predatory lending practices. Those lending practices may work for the mafia, but they don't work long term for car sales. |
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For what its worth, 3 days after my visit, the local paper is now running the same add with prices adjusted down by $1000 (total discount of $12k instead of $11k). So those numbers I quoted above are now $1k lower. Hope no one is trying to sell one of these cars used! |
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Sorry, I posted this in the wrong area originally. I’ve been hunting and hunting for a 2007 Spectra LX with the convenience package and automatic. I’ve contacted at least 6 dealers, and the best price I can get is $18,861.30 (CAN) inclusive of fees and taxes. This includes the trade of my 1998 Toyota Corolla with 140000 km. I can’t believe some of the prices I’ve seen posted in this and other forums. Even with the exchange rate, US buyers are getting amazing deals! The reason I am looking now is due to the great financing on offer. I really like the Kia and will likely take the plunge tomorrow. If any Canadians are reading, let me know how badly I’m getting ripped off! Since I posted the original message, I have purchased the vehicle. So, if you think I got a lousy deal ($16,545 CAN plus applicable taxes) don’t tell me! As the title for this discussion includes “…and buying experience” I thought I would relate my buying experience. In a word, awful. In fact, the experience was so bad I started doubting my choice of vehicle and seriously thought about cancelling the deal. Another dealer had appraised my trade in and offered $4000 for it. I sent an email to another local dealer asking if they could better the overall price. They did and asked me to come and “seal the deal”. When I arrived at the dealership (after driving for an hour) they re-appraised my trade and stated that they could only give me $3500 for it. I indicated that I was leaving and they then agreed on the $4000 price. When we finalized the deal my wife and I were sent to the Business Manager’s office where the hard sell began. We were offered insurance, paint and fabric protection and an extended warranty. When I refused the extended warranty ($2300) I was asked to “justify my decision”. The Business Manager was extremely rude and pushy and had no qualms showing how pissed off he was that we had declined all of the offers. Again, I almost walked away. The dealership called two days after my purchase to ask when I wanted to take delivery. As I was working from home I indicated that I would like to do it before the end of the business day if possible. The salesman indicated that they were busy with “other stuff” and asked me to come in the following day. In the interim I noticed that the dealership had a “Manager’s Special” promotion that included a “$1000 rebate, Free TireGard Road Hazard Warranty, Free Nitrogen Tire System Application and Free Accessory of your choice valued up to $120”. The offer was applicable to “all in stock 2007 Spectras”. I was given the $1000 rebate, and (very reluctantly) the TireGard Road Hazard Warranty and Free Nitrogen Tire System Application. When I indicated that I wanted winter floor mats (approx $100) and a touch up paint pen ($11) as my “free accessory” I was told that they would not be provided. The reason I was given by the dealership was that I had “negotiated on the price of the vehicle and didn’t really qualify for the advertised items” and that they had already been “very generous”. I indicated that the advertisement was undated and contained no small print about the offer being invalid if the price was negotiated. The salesman agreed that the ad did not contain any small text and still refused to provide the free accessory. I decided to let the Better Business Bureau sort it out – they have already processed three claims (that I didn’t know about) against the dealership. It’s a small thing, but being my first new car I expected a better experience. Although we disliked our buying experience and the dealership, we love the car. It’s quiet and has loads of fantastic features. I’m debating having it sprayed by Krown – we live in the “salt belt” in Southern Ontario, Canada. I just can’t bare the though of having holes drilled in my new car!  PW |
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