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Prices Paid: Buying & Leasing Experiences Hyundai Veracruz Prices Paid and Buying Experience
777 messages, Last post on Nov 15, 2008 at 9:44 AM
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Replying to: chen91 (Aug 25, 2007 8:23 pm) I just purchased a 2007 VC LTD FWD with ultimate package and premium leather for $30,500 from a dealer in Austin. The price did include the $500 competitive bonus. According to Edmunds, this was $3,300 under invoice! Can you share any more details on this deal? This is without a doubt the best deal I have ever seen posted! Did you pit one dealer against another? I'm not having too much difficulty in getting dealers to give me an "at invoice" price (which makes me curious as to how much holdback there really is), but even throwing in all the incentives, this is a tremendous deal. Your negotiating tips would be greatly appreciated!
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See this Business Week article: http://www.businessweek.com/magazine/content/07_21/b4035069.htm This may be the most relevant paragraph: " Despite an array of new models with quality and styling at levels unimaginable even as recently as five years ago--and more discounts to boot--sales growth has flattened. Hyundai's inventory of unsold vehicles has quickly swelled. The company, which was the fastest-growing carmaker in the U.S. from 2000 to 2005, had a target of selling one million vehicles in North America by 2010. Forget that. The goal has been quietly scaled back to 700,000, with a 2012 benchmark of 900,000 sales." The article goes on to describe stadium parking lots full of unsold Hyundais at the factory. Believe me, the dealers are ready to bargain, especially on the higher end vehicles. I got $1,100 below invoice on my loaded Veracruz just for asking...
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Replying to: cplyons (Aug 31, 2007 4:34 am) Just like the current housing market, the smart consumer has all the power. If you cannot get $3000 below invoice, walk away! For a smart consumer, buying a new car is a preference, not a necessity. Good luck and keep posting the great deals. |
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$3300 under invoice sounds "too good to be true". Maybe it is actually $3300 under MSRP. The Veracruz has been getting great reviews, seems to be selling well, etc.. Unless dealers are getting record breaking holdbacks from Hyundai they cannot be selling at this price and stay in business.
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Replying to: carlupi (Aug 31, 2007 10:42 am) |
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Replying to: carlupi (Aug 31, 2007 10:42 am) I would tend to believe a tremendous amount of advertising support from Korea and generous holdbacks. Add to that the fact that the '08s are on the way and dealers want and need to move the '07s...especially the FWD '07s when the AWD '08s will be the demand as the snow begins to fly in a few months. I'm waiting for an AWD LTD with Navi myself. |
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Replying to: bigjimd2804 (Aug 31, 2007 4:16 am)
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Replying to: chen91 (Aug 31, 2007 7:02 pm) $3K under invoice is the new standard!
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First of all, THANK YOU to all of you who have posted your price/buying experience. I was set to purchase the perfect '07 last week and walked away from an insulting sales manager with bogus math. I was so happy to be able to counter his $43K OTD with some numbers and feel confident about it. (BTW, Hyundai's finance calculator doesn't even go that high!) When I got home, I found the numbers for the '08s and realized the'08 Limiteds (without Entertainment package) are actually less than the '07 Limiteds (with Ultimate package). Since our kids really don't need more screen time, that's more like what we would like. My question: Has anyone driven an '08? Does the driving experience/options feel any different than the '07? When we purchased our previous car, we found out a year can make a HUGE difference in driving experience -- even if there's nothing obvious in the specs. I have called around and there are dealers with the '08 on the lot, but not up here in NorCal. |
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Replying to: seloo (Sep 01, 2007 3:23 am)
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