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Hyundai Azera Prices Paid and Buying Experience

1090 messages,  Last post on Mar 19, 2010 at 1:39 AM

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

What is this discussion about? Hyundai Azera, Sedan


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#896 of 1090
Re: Financing your new Azera... [gamleged] by kyfdx HOST
Dec 25, 2007 (8:33 pm)
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Replying to: gamleged (Dec 25, 2007 7:24 pm)

Borrow $100 for an upfront fee of 3%.. ($3)
 
Make six equal payments of $17.17... total paid = $103.
 
Pull out your trusty amortization calculator (What? forgot it in your other pants?)
 
$103 paid over 6 months on a $100 debt = 10.28% APR.
 
That's assuming you can amortize the fee over the six months... If you actually have to pay the fee upfront, then the imputed rate is higher. Of course, if you make minimum payments, then pay the rest of the principal at the end of the payment period, then your imputed rate is lower, as you had use of more of the money for a longer period of time.
 
If the repayment and "zero" interest is over a 12-month period, then the imputed rate is 5.42%. (assuming a 3% upfront fee)
 
Regards,
kyfdx
(free money isn't always free.. it might be, but not necessarily)
#897 of 1090
Re: Financing your new Azera... [kyfdx] by gamleged
Dec 25, 2007 (8:53 pm)
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Replying to: kyfdx (Dec 25, 2007 7:33 pm)

Granted I haven't had the need for plugging numbers into an ammo schedule for a while (and the cat peed on my calculator), but if your only cost for borrowing say, $1200 for twelve months is $36 paid upfront, and if you take a full year to pay back the $1200 loan, whether doled out in equal monthly payments or in a lump sum at the end of that year, you've only paid $36 for the year's use of that money, which is 3% of $1200...
#898 of 1090
Re: Financing your new Azera... [gamleged] by kyfdx HOST
Dec 25, 2007 (9:01 pm)
Reply

Replying to: gamleged (Dec 25, 2007 7:53 pm)

And.. as noted in the above calculations... your APR would be 5.42% (if paid back in equal monthly installments).
 
It was just a point.. Most of the credit card offers I get, are for 6 months, with a 3% upfront fee... Even if you continually roll those over to other cards, and never pay any principal, the best you are achieving is 6% APR.. And, if you miss the rollover date, you'll lose everything you saved in the first month.. Some offers may be better than that, but you better read the fine print.
 
That seems like a lot of work for 6% APR money.... I can beat that rate from my credit union. Plus, there is something to be said for the discipline imposed by a car note.
 
Anyway, back to Azera pricing!
 
regards,
kyfdx
#899 of 1090
Re: Financing your new Azera... [kyfdx] by gamleged
Dec 25, 2007 (9:05 pm)
Reply

Replying to: kyfdx (Dec 25, 2007 8:01 pm)

"Anyway, back to Azera pricing!"
 
Waitaminnit?! Isn't this the US-Korean arbitrage thread?...
#900 of 1090
Re: Just bought a 2007 GLS [andysam] by azera_dood
Dec 26, 2007 (8:21 pm)
Reply

Replying to: andysam (Dec 25, 2007 4:44 pm)

The typical Carfax record I've seen with new Azera's is "Vehicle manufactured and shipped to original dealer". The pre-delivery inspection isn't something that I've seen yet, but it doesn't seem to indicate problems on the surface. Here's an example of a CarFax history that would really scare me away:
 
KMHFC46F27A187424
Date: Mileage: Source: Comments:
03/06/2007 NICB Vehicle manufactured and shipped
                                                               to orig dealer
  
03/21/2007 7 Antwerpen Vehicle serviced
  
03/26/2007 Antwerpen Vehicle sold
  
03/26/2007 Thompson Vehicle offered for sale
                                          Kia
 
12/26/2007 Hyundai No recalls open for repair
                                         Motor America
#901 of 1090
Re: Just bought a 2007 GLS [azera_dood] by andysam
Dec 27, 2007 (6:45 am)
Reply

Replying to: azera_dood (Dec 26, 2007 7:21 pm)

I went back to the dealer. In short they claim they know of no problem that kept the car on their lot for over six months. Of course, no exchange or additional discount. I have to go back for some minor touch up paint. I intend to ask them for the six month oil change and service. I believe it should have been done by them since the car was owned by them for more than six months (also driven 80 miles) and the manufacturer's maintenance schedule requires it? Any thoughts, anybody
#902 of 1090
Dealership experience: Not so positive by wobbly_ears
Dec 27, 2007 (12:37 pm)
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Hey guys, I want relate my post-buy experience of an Azera
 
As many of you might know from following my earleir posts that I bought an 07 Azzy Ltd at the end of last month here in the Houston area. I love the car & I though I did well on the pricing.
 
When I bought the car, the salesman told me that they didn't have the floormats for the car & had only one Master key. I was told that they were going to order a new set of floormats & another master key would be programmed for me. Fine. Anyway I had o go back to the dealership to pick up my Tags & so it wouldn't be be a problem.
 
Almost 3 week passes by & I don't hear back from the dealership about my tags. Since my temp tags had expired by this time, I called the dealership & asked about the tags. 'Oh yeah, they came in a long time ago!' says the lady. So, I go back to the dealership & pick up the tags & enquire about my floormats. Apparently they haven't arrived yet, probably after new year's (a full 6 weeks after I have bought the car).
 
Agreed, all these are no big things by any stretch of imagination. But these are the things which don't reflect well on the brand, dealership experience. I spent a cook 30k on this car & I wasn't even given a courtesy call that the tags had arrived. The dealership hadn't orderd the missing accessories (which was part of the package & hence already paid for). I wonder how Hyundai wants to sell a 40k Genesis when customers who can afford that are used to the papmering by MB/Lexus/BMW dealerships.
 
And, no, I'm not going to complain about the dealership to Hyundai. These are small things & I don't want the salesman to suffer because of me if I complain. He was professional & civil and I'm sure this is nothing & the salesman missed the small thing in this busy holiday season.
 
But a note to Hyundai if they want to upsell to high-end customers: You guys need to elevate the dealership experience for your customers. If you want to play with big boys, dress, act & talk like one.
#903 of 1090
Re: Dealership experience: Not so positive [wobbly_ears] by bhmr59
Dec 27, 2007 (1:27 pm)
Reply

Replying to: wobbly_ears (Dec 27, 2007 11:37 am)

All of your complaints can be traced to the dealership not providing satisfactory service. It was either the salesman or someone else at the dealership (or a combination) who did not follow through on your tags, the floor mats and key.
 
If you're not complaining to the dealership owner or to Hyundai, why are you complaining here?
#904 of 1090
Re: Dealership experience: Not so positive [wobbly_ears] by floridabob1
Dec 27, 2007 (1:27 pm)
Reply

Replying to: wobbly_ears (Dec 27, 2007 11:37 am)

RE: 902
If the salesmen was truly good, he would have followed up on the tags and missing accessories.
It seems to me that he abandoned you after making the sale.
Good salespeople think ahead for your next purchase or referral.
#905 of 1090
Re: Dealership experience: Not so positive [bhmr59] by kyfdx HOST
Dec 27, 2007 (1:30 pm)
Reply

Replying to: bhmr59 (Dec 27, 2007 12:27 pm)

If you're not complaining to the dealership owner or to Hyundai, why are you complaining here?
 
Because that's the purpose of this forum: To relate your buying experience..
 
Thanks!
kyfdx

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