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Midsize Sedans 2.0

13325 messages,  Last post on Dec 02, 2009 at 9:00 PM

You are in the Sedans Forum. Your Hosts are pat & karens

What is this discussion about? Hyundai Sonata, Toyota Camry, Honda Accord, Nissan Altima, Volkswagen Passat, Mazda MAZDA6, Ford Fusion, Chevrolet Malibu, Saturn Aura, Car Comparisons, Sedan


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#10011 of 13325
Re: Hyundai up Sonata rebate [m6user] by backy
Jul 01, 2008 (9:42 am)
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Replying to: m6user (Jul 01, 2008 6:31 am)

HMA site hasn't been updated yet, but sometimes there are variations in the rebates by location so it bears checking there for what's applicable in your state. For example, last month some states had a $500 loyalty rebate on the Sonata and some didn't, and some had a $1500 rebate on the Elantra and others had $2000.
 
Edit: Ha, just noticed there's an ad just to the right here showing the new rebates on Hyundais, and when you click on it it shows the $2000 off on the Sonata (and still $1500 on the Elantra, which is interesting given how popular these are getting with fuel prices the way they are).
#10012 of 13325
Re: Hyundai up Sonata rebate [backy] by m6user
Jul 01, 2008 (10:18 am)
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Replying to: backy (Jul 01, 2008 9:42 am)

Yeah, I checked the Hyundai site as well. They seem to be at least 24-48hrs late updating sometimes. The military rebate expired 6/30 as well and they haven't replaced it with anything yet. I'm sure they will and I'm hoping it stays $1000 on the Sonata. If I can get a deal like Towne is giving I could get invoice-1900 discount-2000 rebate-1000 military rebate. That's close to $6000 off MSRP. I might just have to pull the trigger soon if these amounts stay applicable.
#10013 of 13325
Re: Hyundai up Sonata rebate [m6user] by moocow1
Jul 01, 2008 (3:05 pm)
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Replying to: m6user (Jul 01, 2008 10:18 am)

Hyundai, Honda, and Kia sales are up nicely in this tough environment. Sonata's heading toward 200-250k per year territory at this rate as it hit almost 17k for June, definitely a top buy in my book for midsize sedans. I'd expect resale is going to improve as well.
#10014 of 13325
Re: Hyundai up Sonata rebate [moocow1] by aviboy97
Jul 02, 2008 (7:21 am)
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Replying to: moocow1 (Jul 01, 2008 3:05 pm)

Resale will not go up as long as they continue to sell new for thousands less then the top dogs.
 
If you get a new Sonata for $16,000, and it suffers the industry average 20% deprecation in its first year, you are looking at a car worth $12,800 after year one, when it had a window sticker of around $20,000. Almost 50% value gone from MSRP. That's not too good. Mazda has this problem with the Mazda6. Hopefully the new Mazda6 will reverse this trend, since it is considerably more money they the outgoing one. Heck, a 2007 Mazda3 s is worth more then a 2007 Mazda6 i, when the Mazda6 cost more new.
#10015 of 13325
Ford Fusion 2.5L by thegraduate
Jul 02, 2008 (7:23 am)
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Is the 2.5L in the updated Fusion going to be the same engine that is in the new Mazda 6i ?
#10016 of 13325
Re: Hyundai up Sonata rebate [aviboy97] by backy
Jul 02, 2008 (7:37 am)
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Replying to: aviboy97 (Jul 02, 2008 7:21 am)

Forget the percentages when it comes to depreciation--look at actual dollars. Depreciation percentages favor the more expensive cars. Who cares if the car you bought depreciates 35% (not 50%, btw) off MSRP in the first year if you paid nothing close to MSRP? If you did pay MSRP, then that could be a problem--in a number of ways!
#10017 of 13325
Re: Hyundai up Sonata rebate [backy] by thegraduate
Jul 02, 2008 (7:41 am)
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Replying to: backy (Jul 02, 2008 7:37 am)

Very true. The thing about it is that it gives people who pay less - or more - upfront, some vindication.
 
The depreciation amount in dollars was similar on the Toyota and the Ford my folks looked at, but the difference in price up front was drastic. Those buying the Toyota will say "I paid more, but I'll get more back." Those buying the Ford will say "I don't care that it depreciated as much as a more expensive car, I come out the same in the end, and had less up-front outlay."
 
By the way, my folks just purchased a 2008 Taurus. I know it is off topic, so I'll leave it at that; I just wanted to pass it along for those who'd been following the saga of my parents' car shopping. They finally made their decision and couldn't be happier. They got $5800 off sticker on a car with Leather, Convenience Package, and Sync. So far, they are LOVING Sync. I do too!
#10018 of 13325
Re: Hyundai up Sonata rebate [aviboy97] by jeffyscott
Jul 02, 2008 (7:53 am)
Reply

Replying to: aviboy97 (Jul 02, 2008 7:21 am)

If you get a new Sonata for $16,000, and it suffers the industry average 20% deprecation in its first year, you are looking at a car worth $12,800 after year one
 
So it "cost" you $3200 in the first year. I suppose you think one is better off if they bought an Accord or Camry for $21,000 and it depreciates at only 80% of your average figure...meaning it loses 16% in the first year or $3380.
#10019 of 13325
Re: Ford Fusion 2.5L [thegraduate] by aviboy97
Jul 02, 2008 (8:36 am)
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Replying to: thegraduate (Jul 02, 2008 7:23 am)

It is an extreme possibility. The displacement seems to give us that idea, but, the Mazda built MZR and the Ford built Duratec usually have different internals, not to mention a different computer tune.
#10020 of 13325
Re: Hyundai up Sonata rebate [jeffyscott] by aviboy97
Jul 02, 2008 (8:44 am)
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Replying to: jeffyscott (Jul 02, 2008 7:53 am)

In theory, yes. However, don't tell that to a Accord or Camry owner who thinks their car does not depreciate and think they can get 80% of original value after 4 years.
 
The original questions was in regards to the resale value going up on the Sonata, not how much it "costs" to use it in one year.
 
Since Hyundai's have been getting better, their value should increase over time. Lets be honest "it's a Hyundai" does not hold as much weight as "it's a Honda" just yet. The Sonata is a great bargain. Question is, would they sell as well if they cost just as much as an Accord or Camry? I don't think so. Mazda is about to find out if they can sell over the 100K mark with the new Mazda6 using this approach, and abandoning the bargain concept that the current Mazda6 is.

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