Last post on Nov 23, 2013 at 3:52 PM
You are in the Hyundai Sonata
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Hyundai Sonata, Sedan
#15 of 35 Re: Black Friday Sonata [mpl82]
Jan 01, 2013 (2:40 pm)
Actually the $47.80/mo for a 36mo lease is right on with current market pricing for a Sonata GLS with the Preferred Package. Based on $6,000 down from the trade, $47.80/mo comes out to a price for the Sonata of $20,350 which is the current True Car target price for this car. Without the trade, the monthly payment would have been ~$235/mo which is also right on with current market pricing.
#16 of 35 Re: Black Friday Sonata [ryster]
Jan 01, 2013 (3:01 pm)
Your numbers are off.
35 x $47.80 (first payment made by the dealer) = $1,673.
($1,673 + $6,000) / 36 = $213 per month.
Also don't forget this was not just the Preferred Package, but had several other options (self-dimming mirror with Homelink, two sets of mats, mud guards, rear bumper protector, cargo net).
But the best part about the deal for me was that my old Sonata wasn't worth anywhere close to $6,000 to me, because of the body damage. So I was happy to trade it in at that price.
#17 of 35 Re: Black Friday Sonata [backy]
Jan 05, 2013 (5:19 am)
I was calculating from the bottom up, to include residual value, money factor, estimated sales tax, the $6000 trade, etc. A higher residual value could easily account for the $720 difference.
I probably would have put enough additional money down to just drive away payment free for 36 months. When you get a monthly payment down that low it just seems easier to pay it upfront and not have to deal with it.
#18 of 35 Re: Black Friday Sonata [ryster]
Jan 05, 2013 (11:49 am)
I probably would have put enough additional money down to just drive away payment free for 36 months.
I tried, in fact my position going in was a simple exchange of keys, nothing up front, no payments (I knew that was a big stretch given the condition of my trade, but figured what the heck, might as well try for it). But the sales manager said that Hyundai Finance would not do leases w/o a monthly payment. I was kinda surprised by that, as I've heard of leases with a single payment up front. I plan on calling Hyundai Finance in the near future and see if they'll accept payment up front now, for a little discount.
P.S. Residual is kinda meaningless IMO. If it's too high relative to the value of the car at the end of the lease, I'll walk away, or negotiate a lower buy-out (which I've done on leases in the past). I leased a Sentra nearly 3 years ago and at the time thought the residual was kinda high, about $11k, but the payments were only $179/39 months with nothing up front except first payment, plus they threw in a free DVD player and nav system. I figured I'd walk away at the end of the lease. But with used car values rising in the past few years, that $11k doesn't look all that bad now so I may keep the car when the lease is up in July.
#19 of 35 $50.00 thank you master card
Mar 09, 2013 (11:45 pm)
I received a $50.00 Hyundai reward card in the mail along with athank you card for purchasing 2013 sonata. I actually leased one for 36 months. activated and spent it walmart today. anyone else get a reward card?
#20 of 35 $50.00 thank you master card
Mar 09, 2013 (11:46 pm)
I received a $50.00 Hyundai reward card in the mail along with athank you card for purchasing 2013 sonata. I actually leased one for 36 months. Activated and spent it walmart today. anyone else get a reward card?
#21 of 35 Hyundai Reliability?
Mar 14, 2013 (9:49 am)
I personally really like the look of the Sonata and congrats to Hyundai for breaking the mold on what a family car should like like.
My only concern with this car is will it be reliable in 10 years because I like to hold on to cars gotten all I can out of them. It seems like where I find looks reliability comes into question (Sonata, Fusion, Optima) and where I find reliability (Camry, Accord, Altima) looks go out the window. I have a 2010 Elantra and the engine idles louder than I'm used to and the transmission does not seem the best. But I like the look of the car and it seems reliable.
Most Hyundai reviews start off with it's a great car for the price, or the car has a good warranty. But you're not thinking about the price or the warranty when your on the side of the road. Likewise if the car runs great but is a boring to drive, who even would want to keep it for 10 plus years? It seems like Hyundai is stepping up and giving us a quality product and a good price. I might buy a Sonata next year for more room, 3-4 years should give us a good idea of how this 2011 design will hold up.
Warranties help with big repairs like engine and tranny issues, but with the random clunk, rattle and steering issues that plague cheaper cars the dealership turns a blind eye and says they don't hear it or it's normal - then you just end up living with it.
Bottom line I want a fun to drive, nice looking, reliable vehicle and I think for around the $25,000 most people pay for mid-sized cars, there is no reason we shouldn't get it.
#22 of 35 Re: Hyundai Reliability? [mani_o]
Mar 14, 2013 (11:04 am)
The current Sonata design is over 3 years old now. Current Hyundais are higher quality than years past. Despite that, my 2001 Elantra GLS (purchased new in October 2000, one of the first cars of that new design to hit the USA) is still going strong (owned now by my sister), and my 2004 Elantra GT (purchased new 9 years ago) has done even better, with only routine maintenance, 1 brake job, new tires, and a few headlight bulb replacements over the nine years.
In my mind the only question mark on the long term reliability of the 2011+ Sonata is the new powertrain on that car: a 2.4L GDI engine, and a new (when the 2011 Sonata debuted) 6-speed AT. But with Hyundai's 10-year powertrain warranty, I really don't worry about costs associated with that, as I drive less than 10k miles a year.
#23 of 35 test drove a Sonata GLS today
Apr 05, 2013 (6:38 pm)
I test drove a 2013 Sonata GLS with PEP today. I have to say I am pretty impressed with this car. Admittedly I have been a Honda bigot for decades. That may be about to change.
You could accuse me of serial car shopping.. been at this already for a few months and probably won't buy until late summer. Not to say I enjoy frustrating sales people but I do have some fun with it. told then today oh yeah that Nissan salesman tried every trick in the book to get a sale!!
so to date have test driven the Jetta, Altima, Mazda 3 and today the Sonata. I wouldn't give the Jetta a 2nd look and the Mazda 3 I tried really hard to like but can't. I may give the Ford Fusion a spin next but that car would have to be beyond spectacular to match the Sonata.
What are all of you paying for the Sonata GLS with PEP car after all said and done?
#24 of 35 Re: test drove a Sonata GLS today [fb400]
Apr 05, 2013 (7:04 pm)
FWIW if you are looking at the Sonata, Altima, and maybe the Fusion, you should try the 2014 Mazda6. From what I've read and seen, it's a great car--in the same size class as Sonata/Altima/Fusion. Mazda3 and Jetta are a class smaller. Might also want to try the Sonata's cousin, the Optima.