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Hyundai Veracruz Prices Paid and Buying Experience

924 messages,  Last post on Nov 23, 2009 at 8:27 AM

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What is this discussion about? Hyundai Veracruz, Car Leasing, Car Buying, SUV


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#143 of 924
0% for 36 months and 2.9% for 60 months by dashbb
Jul 05, 2007 (8:44 am)
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-- 0.0% financing for 36 months or 2.9% for 60 months.
AND
-- $2500 off MSRP (Invoice or below).
Here's the ad scan from today (July 5) Chicago Tribune.
Hope this helps...
#144 of 924
Re: 0% for 36 months and 2.9% for 60 months [dashbb] by bmark99
Jul 05, 2007 (10:18 am)
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Replying to: dashbb (Jul 05, 2007 8:44 am)

Is this a nationwide deal on the financing or just dealer specific?
#145 of 924
Re: Lease numbers... [bodid] by dashbb
Jul 05, 2007 (10:43 am)
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Replying to: bodid (Jun 28, 2007 8:48 am)

bodid, There is a seperate forum for Veracruz Leasing. http://townhall-talk.edmunds.com/direct/view/.f135951
 
As a comparison of resale values, 36 months 12k/yr:
50% - Veracruz
56% - Acura MDX
54% - Mazda CX-9
54% - Volvo XC90
 
This is the resale value of MSRP and not what you actually paid for the vehicle, which is less than MSRP. To compare:
-- Base MDX stickers at $41k. It would be worth $23k in 3 years. Depreciation = $41 - $23 = $18k.
-- Veracruz Limited (which has more features than base MDX) stickers at $35k. It would be worth approx $18k, however depreciation = $35 - $18 = $17k.
 
Since it is only a grand more, over 3 years, then MDX becomes a no-brainer. However, assuming both purchased at invoice, add:
-- extra interest paid for $6k more purchase price.
-- 0%/36 or 2.9%/60 financing on Veracruz = $4k interest savings compared to Acura's 5.9% financing.
 
So, in summary, you'd be ahead by approx $5k - $6k with Veracruz over say, MDX, and enjoy more features.
#146 of 924
Re: Is 2.9% financing available for the Veracruz? [austx37] by jefferson1964
Jul 05, 2007 (11:17 am)
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Replying to: austx37 (Jul 03, 2007 2:59 pm)

why dont you try the balloon option of the VC. My wife and I are considering a VC or Azera. On the 4th was quoted a payment of $349 for 30months on a GLS VC in Dallas, i dont remember the exact $$$ down but was like 2K down...then can refi after 30months, turn it in for a $600 disposition fee or trade it back to Hyundai if purchasing another...no out of pocket expense....
#147 of 924
Re: Is 2.9% financing available for the Veracruz? [excid182] by jefferson1964
Jul 05, 2007 (11:23 am)
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Replying to: excid182 (Jul 03, 2007 3:33 pm)

You can probably do a little better but still not bad. I live in Dallas and was quoted on a Liquid Silver SE FWD Leather Package $28,995 this was on the 4th...I almost took it home but decided to wait 6 days...im thinking/hoping Hyundai will increase its incentives on the VC and Azera...on the 10th...if not then i will choose at that time...no rush seems like their are many VC on dealers lots mostly Limiteds...
#148 of 924
Re: Extended bumper to bumper [flwonder] by wlbrown9
Jul 05, 2007 (11:54 am)
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Replying to: flwonder (Jul 03, 2007 2:23 pm)

One good reason IMHO is that most of these 100K powertrain warranties do NOT transfer to a second owner, but a purchased B-B warranty would. So with a vehicle from a manufacturer with poor resale history you could easily get a lot of the $800 back on resale even if you never get to use it for repairs. Could be inexpensive insurance in the long run.
#149 of 924
Re: Is 2.9% financing available for the Veracruz? [jefferson1964] by eadlertx
Jul 05, 2007 (6:05 pm)
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Replying to: jefferson1964 (Jul 05, 2007 11:23 am)

jefferson 1964; who is the dealer that quoted you 28995?
#150 of 924
Is this a good deal for VC Limited FWD with NO option by sms290
Jul 06, 2007 (6:37 pm)
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i live in north dallas area,
 
i got a deal with Veracruz Limited FWD without options.
 
MSRP was about $33,500
 
and final price was $30,000 + ttl after a negotiation.
 
I think i could make the price around $29,000.
 
How much could i discount more for this model?
 
Is it a proper price for Limited one?
 
and i got 7.5% rate of interest.
 
i think 7.5% is too high because i thought
 
hyundai would offer me at least 2.9% or less.
 
<<<< $33,500 -> ???????>>>>>>>
        and
<<<< 7.5% -> ???????>>>>>>>
#151 of 924
Re: Is this a good deal for VC Limited FWD with NO option [sms290] by dashbb
Jul 06, 2007 (7:58 pm)
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Replying to: sms290 (Jul 06, 2007 6:37 pm)

Unless you're financing for 72 months or more, that 7.5% rate seems to be the Balloon rate. There is a $2k dealer incentive when financed through HMFC using Balloon Note, atleast for Santa Fe's and Sonata's.
 
That is, however, a good purchase price. Tell 'em that you'll pay cash and get your loan from your local bank / credit union.
 
Not sure about Dallas but atleast in Illinois, you can get 0%/36 months or 2.9%/60 months on Veracruz.
Good Luck!
#152 of 924
Re: Extended bumper to bumper [wlbrown9] by joe131
Jul 08, 2007 (1:04 pm)
Reply

Replying to: wlbrown9 (Jul 05, 2007 11:54 am)

Yes. Great point! Cheap, maybe even free insurance.
 
Much easier to sell a used Hyundai for top dollar if you can include a great warranty with it.

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