Last post on Feb 15, 2013 at 11:34 AM
You are in the Hyundai Sonata
What is this discussion about?
Hyundai Sonata, Future Vehicle, Sedan
#196 of 5326 Re: 2011 Sonata Residual Value [navoti]
Jan 09, 2010 (9:09 am)
If you review my recent posts, I think you'll see I am not missing this point about the Sonata's initially lower sales price.
But do you want a shock? Go into your local Hyundai dealer when the first few 2011 Sonatas arrive. I predict you'll see them at MSRP or even with ADM added, and no rebates. If you doubt that, recall that is what happened in early 2005 when the Gen 4 Sonata debuted. That kind of pricing didn't last long, but it's typical when a new design comes out. So if you want a good deal on a 2011, be prepared to wait a bit. Those who are "chomping at the bit" to get one will pay a premium.
#197 of 5326 Re: 2011 Sonata Residual Value [backy]
Jan 09, 2010 (9:23 am)
this is the case with the new kia forte koupe.i went with my girlfriend who is interested in the new 2010 kia forte koupe to my local kia dealership.msrp for the car she wanted was $20,090.00 and dealer would not budge from the msrp being that the forte koupe is new and hot looking.however,there were no additional adm's adding to the sticker as far as i could tell.i think what the dealer is forgetting here is that once you drive the kia off the dealers lot it will be basically worth peanuts due to kia''s horrible resale values.i would rather pay msrp for a honda or toyota that will hold it's value alot better than any kia car.people will have this problem with the new 2011 sonata.it may look good and drive well but it's still a hyundai and will be worth peanuts as soon as you drive it off the dealers lot.
#198 of 5326 Re: 2011 Sonata Residual Value [poodog13]
Jan 09, 2010 (11:16 am)
Agreed. Most people buy a car with the intention of keeping it and not for the purpose of reselling it. Of all the cars that I've had, except for one, they all lasted ten years. After 10 years, i don't expect to be getting a lot of money for it. So, all this talk about resale value is just plain rediculous.
#199 of 5326 Re: 2011 Sonata Residual Value [backy]
Jan 09, 2010 (9:58 pm)
I predict you'll see them at MSRP or even with ADM added, and no rebates.
That would be a very safe bet. Especially if Hyundai keeps the price point below the competition, which they are likely to do.
I was looking at a new 2007 Elantra SE when they first came out in 2006. It was well equipped with a sticker around $17,400 I believe. I was interested until I saw $1,000 ADM on the window, making the price $18,400. I about swallowed my gum!
I haven't looked at a Hyundai since....
#200 of 5326 Re: 2011 Sonata Residual Value [backy]
Jan 10, 2010 (5:58 am)
I agree with backy 100% about the possibility of the MSRP increase on
the 2011. When it hits the showroom floor at first it may not come with
any kind of rebate, you may try to wheel and deal but if the interest is
as high as I think, that may not fly either. But again Hyundai will do what
it takes to put the vehicles in their customers garage, that IMO is a plus
for Hyundai and us. "Patience may be the cure."
To some people money is no object, so go for it, it will probably be worth
#201 of 5326 Re: 2011 Sonata Residual Value [backy]
Jan 10, 2010 (9:27 am)
This is probably correct, but wouldn't it be nice if the powers to be at Hyundai came out with a very special discount allowance for present Hyundai owners, for the 2011's.? I know I am dreaming.
#202 of 5326 Re: 2011 Sonata Residual Value [lightfootfl]
Jan 10, 2010 (9:44 am)
May not be just a dream, sometimes car makers will offer very good
incentives to repeat customers. Keep your fingers crossed, if anyone
can do it Hyundai can.
#203 of 5326 Re: 2011 Sonata Residual Value [lightfootfl]
Jan 10, 2010 (10:53 am)
No, it's not a dream as Hyundai has historically had "loyalty rebates" on some models, and usually they appear on new designs before general rebates. And sometimes they have both. Kia does the same thing, but also has "competitive rebates" on some models, e.g. Optima, which I think is a good idea for grabbing buyers from other brands. Hyundai hasn't done that, to my knowledge.
#204 of 5326 Re: 2011 Sonata Residual Value [dodgeman07]
Jan 10, 2010 (11:02 am)
Too bad you let that one bad dealer experience turn you off Hyundai. Usually Hyundai prices are quite reasonable, with rebates and discounts available. It's just that some dealers mark up new models at the start, due to demand being higher than supply. Which I have no problem with, it's a free market, and I can always wait or look elsewhere if dealers try that kind of thing.
I think the 2011 Sonata will be Hyundai's hottest product in a long time, perhaps ever, so that's why I think we'll see the "ADM" stuff at the start. And we won't see $2500 rebates as there is now on the 2010 model for some time--if ever? Could be the car will be good enough to sell in big numbers even at higher prices than today--closer to Camcord levels. Will be interesting to see how that shakes out this year.
#205 of 5326 Re: 2011 Sonata Residual Value [backy]
Jan 10, 2010 (1:55 pm)
I haven't looked at a Hyundai since....
Too bad you let that one bad dealer experience turn you off Hyundai.
It did turn me off in 2007 and I bought a Buick Lucerne of all things. It's been a great car but I'm looking to downsize a bit this year. The Buick's paid off now (3 yr. loan) and I've got about $12K equity for my down payment on a newer model.
I might be more interested in the next gen Elantra coming out this fall. The Sonata is very nice but is more car than I need and will likely be selling close to MSRP all through 2010.
After working with a guy from Seoul last year, I'm ready to give Hyundai a shot.