Last post on Nov 28, 2013 at 7:25 AM
You are in the Hyundai Sonata
What is this discussion about?
Hyundai Sonata, Future Vehicle, Sedan
#515 of 5331 Re: 2011 SE [wolverinejoe80]
Feb 16, 2010 (4:28 pm)
and if you use average discount of 20% for sonata vs. 10% for CC
$23,655 x .8 = $18924
$31,890 x .9 = $28701
$9771 / $18924 = .52%
so 50% is still a possibility. last gen sonata averaged about 20-22% below msrp over 5 year period. but most likely new sonata's incentives+discount will no longer be 20%. camry and accord is around 8-11%, so i assume 15% for sonata is not out of question. that's basically getting $2000 rebates + $1500 dealer discount on a 23k sonata. but who knows hyundai becomes really cocky and doesn't give out huge incentives like they used to?
#516 of 5331 Re: 2011 Sonata [LASHAWN]
Feb 16, 2010 (5:02 pm)
After I get my car and make sure that I am satisfied with my transaction, I will give out the salesman's info. Shouldn't be more than 3-5 more days.
#518 of 5331 Re: Demo Car Only? [backy]
Feb 16, 2010 (5:38 pm)
Well, ALG can do it. They do it because they HAVE to do it; leases are based on resale/residual values.
Your faith and belief in ALG has no merit. ALG has no qualities of any value other than "many people/companies" use it as a guide.
Unfortunately for GM & Chrysler, their super inaccurate overinflated resale values on SUV's and trucks recently helped speed their rush to bankruptcy as their lease departments lost BILLIONS thanks to ALG's inaccuracies.
#519 of 5331 Re: 2011 Sonata [shabadoo25]
Feb 16, 2010 (6:04 pm)
Actually you are not allowed to post a salesperson's name here. Just the dealership name. Sorry.
#520 of 5331 Re: Demo Car Only? [andres3]
Feb 16, 2010 (6:07 pm)
It's not faith and belief; it's the cold hard fact that ALG is in business to estimate residual values. Thus they are professionals at it. Doesn't mean they are infallible, but as you said, many companies use it as a guide; if it were of no value, I doubt companies would use it.
#521 of 5331 Re: Demo Car Only? [backy]
Feb 16, 2010 (6:32 pm)
Companies also bought worthless insurances from AIG. Just because companies use it, doesn't mean it has any kind of value or accuracy. Companies that went bankrupt used ALG, so that's not exactly a ringing endorsement of ALG.
The same thing happened (or would have happened absent gov't bailouts) to companies using AIG.
In my mind, AIG and ALG are worth about the same, and that is worthless (absent a bailout of GM, Chrysler, and just about every bank that bought insurance from AIG, and AIG itself.
#522 of 5331 Re: Demo Car Only? [andres3]
Feb 16, 2010 (6:51 pm)
Ted Williams failed about 60% of the time when he batted over .400, also. Not a ringing endorsement of a player regarded by many as one of the best to play the game.
Can we move on and talk about the 2011 Sonata, please, rather than your vendetta against companies that start with "A"?
#523 of 5331 Re: Demo Car Only? [andres3]
Feb 16, 2010 (7:03 pm)
Well in 3-5 years gas will likely be $4+ per gallon again and the used 2011 Sonata will still be far superior than the 2008-2012 Camry, Accord, Fusion, etc. in terms of power, features, style, and mileage. I can definitely see people being willing to pay as much if not more for a used 2011 Sonata as they would a 2011 Accord.
Remember, the ALG bases their rates on the original MSRP, so even if the Accord and Sonata were selling used for about the same that would be a much higher percent of the original MSRP for the Sonata.
#524 of 5331 Re: 2011 Sonata [m6user]
Feb 16, 2010 (7:43 pm)
tx for the info i only live about 50 miles from clearwater, shorter drive then georgia