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2009-2010 Hyundai Sonata

1014 messages,  Last post on Dec 02, 2009 at 2:30 PM

You are in the Hyundai Sonata Forum. Your Hosts are pat & karens

What is this discussion about? Hyundai Sonata, Sedan


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#61 of 1014
Re: '09? [jaxs1] by backy
Feb 13, 2008 (8:20 am)
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Replying to: jaxs1 (Feb 12, 2008 5:37 pm)

No reason to expect the updated 2009s to be discounted to that level until the 2010s are on the way at the earliest or maybe not until the next replacement for the Sonata is ready to be released a year or 2 after that.
 
I can think of two reasons why large discounts and rebates will reappear on the 2009 Sonata within a few months of its release:
 
1) Intense competition in the mid-sized class, with other cars e.g. Fulan, Mazda6, Camry, Aura offered at large discounts.
2) Depressed auto sales due to the recession.
 
Recall that even when the all-new 2006 Sonata debuted, large rebates and discounts appeared soon after its launch. So I don't think we need to wait until 2010 or until the next-gen Sonata is released for large discounts/rebates.
#62 of 1014
Re: '09? [bhmr59] by backy
Feb 13, 2008 (8:22 am)
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Replying to: bhmr59 (Feb 12, 2008 6:28 pm)

Hyundai is following a 12-month cycle with the Sonata but it's offset from the "normal" fall cycle because the 2006 Sonata debuted in the U.S. in early 2005. So it seems Hyundai is sticking to releasing the next MY Sonatas early each year. The 2008s were available as early as May 2007 I recall, as I rented one then and was surprised it was a 2008.
#63 of 1014
2008 or 2009 by mazda6dude
Feb 13, 2008 (9:05 am)
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Need opinion.
Is it better to buy a 2008 with huge discounts or wait till the 2009 comes out and buy it with not so big discounts?
#64 of 1014
Re: 2008 or 2009 [mazda6dude] by m6user
Feb 13, 2008 (10:25 am)
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Replying to: mazda6dude (Feb 13, 2008 9:05 am)

From a strictly financial point of view and IMO, if you can get the 08 for about 3,000 less than the 09 you should come out about even in the long run. The longer you keep the car the less difference it makes. How much a car 9 years old vs. 10 yrs old is going to worth comes down to it's condition/mileage rather than what MY it is at that point.
 
Consideration: Does the 09 have changes that you would really like to have. Such as the 09 Sonata redesigned interior and HP/mileage increase. Personally, I think these things are quite alluring so I would probably want at least a 3000 better deal on the 08.
#65 of 1014
Re: 2008 or 2009 [mazda6dude] by gabebalazs
Feb 13, 2008 (10:44 am)
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Replying to: mazda6dude (Feb 13, 2008 9:05 am)

I personally chose the 08 with the discount, but that was before learning when the 09's were coming out.
Paid $20,660 + TTL for a new 08 V6 Limited with Sunroof, floor mats and cargo net. That's $5200 off MSRP.
That was 2 weeks ago, then a couple of days later I learned that the 09's are coming out soon later this month. However, I am happy with my 08, and just by looking at Fitzmall's prices on the 09's I can tell that I made a good decision.
 
However, I do love the new interior!
#66 of 1014
Re: '09? [backy] by jaxs1
Feb 13, 2008 (5:38 pm)
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Replying to: backy (Feb 13, 2008 8:20 am)

I didn't say they wouldn't be discounts and rebates on the 2009s later, but a refreshed design won't be discounted as much as a car that is about to be replaced by something nicer. When a replacement or updated model is out or about to come out, the older versions are pushed harder with what ever it takes to make room for the next model year.
The dealers probably can't get more of the more attractive 2009s until they sell out their left over 2007s and 2008s.
#67 of 1014
Re: '09? [backy] by bhmr59
Feb 13, 2008 (6:41 pm)
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Replying to: backy (Feb 13, 2008 8:22 am)

If the '09s come out in May that would tie-in with the approx 12 months cycle. The current generation came out in May or June of '05 as an '06 model...nothing new or earth shattering in the auto world.
 
However, if the '09s come out within the next month, as some have said, our '07 (not quite a year old) will be 2 model years old in 13 months. We didn't exactly buy it at the end of the model year.
 
Moving the intro date up by 3 months is a bit much. (Both our Sonatas, '05 & '07 have been fantastic.)
#68 of 1014
Re: 2008 or 2009 [m6user] by bhmr59
Feb 13, 2008 (6:52 pm)
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Replying to: m6user (Feb 13, 2008 10:25 am)

I think you would see that $3,000 difference in new purchase price (it could be more) greatly narrowed in about 5 or 6 years, not 9 or 10 years.
 
As you said, once a car gets a certain number of years old, condition & milage are much more important than the model year. I think that time frame is more like 5 or 6 years while you are projecting a longer time frame.
 
Who knows, just a different opinion from an insurance agent who has seen values set for cars damaged in accidents.
#69 of 1014
Re: 2008 or 2009 [bhmr59] by m6user
Feb 14, 2008 (6:11 am)
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Replying to: bhmr59 (Feb 13, 2008 6:52 pm)

As you said it would be "greatly narrowed" within the 5-6 time frame to which I agree. However, my comment was more to the "virtually no price difference" once they get to the 9-10 years old mark with condition being similar. They aren't worth much at the 6 yr mark and a lot less at the 9-10 year mark so it doesn't really matter at that point I guess.
#70 of 1014
the incentives aren't working by stephen987
Feb 14, 2008 (10:12 am)
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In my neck of the woods, there are still quite a few unsold '07 Sonatas on the lot, not to mention the '08s. With an '09 coming in a few weeks, and local dealers facing the prospect of a two-year-old brand new car on the lot, the crunch is coming. I wonder if this will force dealers out of business in smaller markets like mine. The local Kia dealer also has far more '07s than '08s on the lot.

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