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Hyundai Elantra Prices Paid and Buying Experience

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Comments

  • aviboy97aviboy97 Posts: 3,159
    With how Hyundai is pricing these cars and offering lots of actual content, compared to Toyota, which in recent years has charged premiun prices for little content, I'm not sure how they are going to have "mucho" profits. Naturally, by increasing sales, you should increase profits, however, I do believe Toyota profits more per car they sell compared to Hyundai.
  • backybacky Twin CitiesPosts: 18,624
  • aviboy97aviboy97 Posts: 3,159
    edited June 2011
    Did you even read what I wrote? No where did I mention that Hyundai was not seeing increased profits. I said Toyota probably profits more per car since they offer less and charge more than Huyndai. Nothing in that link you posted has to do with what I said.
  • backybacky Twin CitiesPosts: 18,624
    My link does substantiate higher profits. You offered nothing to back up your hypothesis--which is flawed because you did not take into account costs:

    Profit = Revenue - Costs

    Unless you know the cost picture, you don't know the profit picture.

    Also in my area, Toyotas e.g. Corolla are selling for MORE than Hyundais e.g. Elantra.

    Which sort of gets us back to Prices Paid...
  • aviboy97aviboy97 Posts: 3,159
    edited June 2011
    Unless Hyundai has magically found out how to build a car for less that offer more than the competition, it only goes to reason that a compnay like Toyota will profit more from selling a Corolla for the same price, if not for more than a better equipped Hyundai. It's simple economics...

    There was never a question of Hyundai generating greater profits. They obviosuly are because their sales are through the roof. But, ask yourself this....what Hyundai offers for $21,000 in the Elantra vs what you get in a Toyota Corolla for $21,000, is it possible Hyundai is making a higher profit on the Elantra than Toyota is no the Corolla? I just don't see how that is possible!!

    Kudos goes to Hyundai for offering more for less, but, there has to be a slimmer profit margin per unit sold. It's obvious you can be successul with this philosophy since Hyundai is making oodles of money.
  • backybacky Twin CitiesPosts: 18,624
    No one has stated here that Hyundai is making more profit per car on an Elantra than on a Corolla. You asserted that Hyundai's profits per car are lower than those of Toyota. That is what I was asking you to provide some substatiation for. If you can't, fine, we'll chalk it up to your opinion and move on (which it's long past time for).

    But here's some facts to demonstrate how Hyundai just might be getting at least as much profit per Elantra than Toyota gets for a Corolla:

    2012 Elantra Limited: MSRP $21,205, Invoice $20,344
    2011 Corolla LE w/Premium Pkg: MSRP $20,510, Invoice $18,958

    Even though the Elantra is only $695 more MSRP than the Corolla, the Invoice on the Elantra is $1,386 more. And if you've been following this discussion, you've noticed most Hyundai dealers are holding close to MSRP on the 2011/12 Elantra.

    This doesn't address manufacturing costs, but consider that the labor for the Elantra is in the ROK and in Alabama, while the labor for the Corolla is in Japan and, in North America, Canada. Do you think the labor costs could be different? Maybe so. Maybe Hyundai has more efficient manufacturing processes (they use their own robots). The costs to make an Elantra could be lower than those to make a Corolla, even though the Elantra has more content. If you find information to the contrary, let us know.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,881
    While this has all been very interesting...

    Let's get back to Prices Paid for the Elantra..

    Thanks!

    Moderator - Prices Paid, Lease Questions, SUVs

  • goosenoosegoosenoose Posts: 9
    edited June 2011
    Hi, I'm looking to buy a 2011 Elantra GLS Ltd in a couple of days and qualify for several of the incentives offered on the hyundaiusa page. (Military & New Graduate).

    I'm in particular interested in asking about the new graduate incentive (-400 off on top of a -500 military rebate and -500 loyal hyundai customer rebate)... BUT, a dealership i inquired with about this incentive they advised that i could only use it if i financed through them??

    So I had two questions about this situation:

    a. are they trying to hustle me by requiring that i finance through them?

    and b.

    can i finance through them (for the first month) and then use the loan i've already approved for (60 mo 2.49 apr) and simply cash them out; effectively working around my having had to 'finance through them' ?
  • fushigifushigi Posts: 1,217
    College grad: Must finance through Hyundai: http://www.hyundaiusa.com/financial-tools/college-grad-program.aspx

    Military: Doesn't mention HMF: http://www.hyundaiusa.com/financial-tools/military-program.aspx (and thanks for your service!)

    As to the finance/re-finance deal, there have been posts about people doing that before, though I haven't seen any for some time and IIRC they waited 60 to 90 days before doing the refi. It's possible the rules may have changed.

    I suggest you ask for a copy of the finance contract so you can review the terms ahead of time. Also talk with the place offering you the 2.49% and make sure they're willing to do it as a refi. They should be, but it doesn't hurt to verify.
  • buyer777buyer777 Posts: 70
    Great deal!! Can I ask what dealer in NJ you worked with?
  • thanks fushi for the reply.
  • Kirstie@EdmundsKirstie@Edmunds Posts: 10,676
    A reporter is interested in talking with a recent buyer of a new Chevy Cruze or Hyundai Elantra. Please respond to pr@edmunds.com by Friday, June 10, 2011 with a few comments about your vehicle choice.

    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.

  • 2012 Accent GLS is 15165.00 less 500.00 military discount, including New Mexico Tax, title and license fees equals 15365.63 drive out. NM sales tax (3%) ... (no cruise, no blue tooth, or steering wheel controls)

    2012 Elantra, automatic, cruise control, (no steering wheel controls, no blue tooth). Price is 18335.00 less 500.00 military discount, including New Mexico tax, title and license fees equals 18654.63 drive out. NM sales tax (3%).

    There is a $450 delivery fee to get either of these to me bringing my final totals to...

    Accent = 15815.63 final
    Elantra = 19104.63 final

    I am ready to start the paperwork ... just wanted to get a roar of approval/disapproval from the forums whether or not I should jump on it.
  • oboewanoboewan Posts: 4
    edited June 2011
    It just came in yesterday to Pohanka and I'm hoping to take posession of it tonight! Total ended up being 23 and change OTD using the USAA buyer program. I can't wait! I'll put the specs up soon.... goodbye H and hello H :)
    Now I'll have a Korean car in "Koreatown"
  • oboewanoboewan Posts: 4
    edited June 2011
    Yeah! Drove it off the lot last night and into work this morning and getting all kinds of "oohs" and "ahs" from my coworkers :-)

    2011 Elantra LTD w/Premium Package, floormats, cargonet, autodim rearview mirror and 11 miles. Black/Gray. I used the USAA car buying service which ended up something like $250 under invoice.

    Car: 22253
    Paperwork: 100
    VA Tax: 670.59
    Tags: 54
    Tire recycling: 4
    OTD: 23081.59

    Jeff
  • aviboy97aviboy97 Posts: 3,159
    $250 under invoice? Considering my local dealer is still charging MSRP, I would say you got a good deal!

    How is the price in relation to other sales in your area?
  • matypuppymatypuppy Posts: 3
    I wanted to chime in about oboewan's purchase and Pohanka in Fredericksburg. When I saw the posting earlier this week, I asked Pohanka if they would match that deal and they said no. They are charging sticker so you definitely got a great deal!
  • peace5419peace5419 Posts: 6
    Congratulations to you! I finally got a car two weeks ago. The price was good, the dealer had just gotten in the 2012 manual transmission elantra and I think they didn't want to get stuck with the manual. I have never leased so I don't know aything about the 'wear and tear'. I am so glad to hear that you stuck to your guns about the tier! And I am sure that they make a certain percentage if you are in a lhigher tier. As I said before this can be such an awful experience and is is compounded now by the shortage of fuel efficient cars due to the Japan catastrophe, the high price of fuel, the low price for Hyundais compared with other cars and their excellent reputations. Good luck with yours. I love mine! It was worth the wait though is was so frustrating. It took amost two months to get the car.
  • peace5419peace5419 Posts: 6
    I live in the Baltimore area and purchased a 2012 GLS two weeks ago. I was told that 2012s are coming from Alabama and 2011s will still come from Korea.
  • atothekatothek Posts: 3
    How much did you pay? Dealers here in Atlanta are telling me these 2012 Elantras are so rare they are only selling for MSRP.
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