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Hyundai Sonata 2006-2007

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Comments

  • mikhamikha Posts: 5
    $3000 sounds good, but in reality not many can get advantage of all these money.
    $1000 Hyundai Finance rebate - you can get only if you finance with Hyundai, where interest rate is outragesly high! Today I was got 8.9% (considering that I have excellent credit score!). Thank you very much, I'll skip it...
    $1000 owners loyalty rebate - I was not very proud owner of Excel, but my registration for this car had expired long time ago, so I'm not eligible now :(
    $1000 factory rebate - you cannot combine it with 4%-4.25%, so you better get calculator to figure out what would be a better option, to get %1000 or this low interest
  • bhmr59bhmr59 Posts: 1,598
    1) You can take advantage of the HMFC financing $1000 rebate and pay if off almost immediately by refinancing with your bank, credit uion, etc.

    2) Everyone qualifies for the general $1,000 rebate (or $500 if a 4 cyl).

    3) Owner loyalty rebate is only for current owners of any Hyundai, regardless of model or model year.

    Everyone can get the first two rebates, for $2,000 total. If one finances with HMFC at a higher rate to get the $1K, and if it takes 6 weeks to refinance to get a lower rate, how much extra in interest does one pay? Maybe 50 bucks?, would have to run the numbers. So the buyer would still be ahead by at least $950.
  • backybacky Twin CitiesPosts: 18,624
    Here's a way to get the $1000 loyalty rebate: go find an '80s-vintage Excel that still runs (if barely)--might cost you $100--keep it long enough to get the rebate, then donate it to your favorite charity (many take used cars).

    I am half-kidding, but I wonder if anyone has ever done something like that?
  • mikhamikha Posts: 5
    Actually, sounds like a good idea. 2 questions in this regard:
    - are you sure that it is so easy to refinance auto loan in 6 weeks? is any closing cost involved?
    - today I got "special" price quote on GLS V6 with sport package (17'' rims, autodim rear view mirror and etc...) $18995+$600 destination charge. How is it sound? Is this something worse to consider? Forgot to mention - $2000 of rebates is included in this price

    Thank you
    --Mikha
  • mikhamikha Posts: 5
    Keep thinking about your suggestion to refinance HMFC loan. I don't think you're right on this one. It would be too easy for consumers and too stupid for HMFC, who wants to make money more on interest payments than on sold cars...
    They will calculate the full amount of interest you'd have to pay and "include" it in the total you owe, divide it on whatever number of months and that is it. Now you'd have repay them this new amount.
  • krikakrika Posts: 49
    :cry: first scratch on my beautiful Golden Beige LX front door. i guess its somebody's car that was parked beside mine. that guy must have opened the door too far to hit my car. but ofcourse its only scratch on the clear coat, didn't reach the paint. would appreciate any suggestions on how to remove scratches on clear coat and repair it.
  • bhmr59bhmr59 Posts: 1,598
    Others have done it. Read the last couple of pages on this forum and see for yourself.

    As far as the price, which I forgot after looking it up and seeing your latest post, check the Hyundai site for the MSRP and deduct the rebates. That will tell you how much the dealer is discounting the car.
  • gmctruckgmctruck Posts: 186
    If you can catch your finger nail in the scratch, you'll need touch up paint. If you can't catch your nail in the scratch, then try 3M swirl remover to get the scratch out. You will need to re-wax the area after using the 3M.
  • tb88tb88 Posts: 242
    "Keep thinking about your suggestion to refinance HMFC loan.... It would be too easy for consumers and too stupid for HMFC, who wants to make money more on interest payments than on sold cars..."

    That is one thing I can't figure out either...
    There must be a catch somewhere, or those in charge of HMFC are total incompetent morons!
    You don't have to have a high IQ to figure out this deal: take it, and refinance soon after!
  • kwonc71kwonc71 Posts: 245
    So, what was the reason you bought a Sonata insted of Camcord? You did not buy Sonata because it was better car than Camcord. You bought it because it was cheaper. I don't get your point?
  • haefrhaefr Posts: 600
    You're kidding, right? Of course I bought my Sonata because it was cheaper than a new Accord or Camry. (How could you miss that point?) Just don't get the idea the Sonata was my first choice technologically and aesthetically. After my '96 Accord got totaled, I needed wheels and purchasing the Sonata allowed me to avoid lease or loan payments. (The only purchase I allow myself to carry debt burden on is my home - and at that, only because I will not rent, the outright purchase price is too high to pay up front, there are federal and state primary residence loan interest deductions, and, historically, real estate values are nearly guaranteed to appreciate over time.) In about three years, though, it'll be, "Sayonara, Sonata.", and "Hello, Acura TL."
  • backybacky Twin CitiesPosts: 18,624
    Not everyone will refinance. They aren't morons, but maybe they just don't bother to check out other financing options. Why do you think so many companies sell products with rebates rather than just cutting the price? They are betting that many people won't take the time to send in the rebate forms.
  • "They are betting that many people won't take the time to send in the rebate forms."

    And they are right of course. As I type this, I am readying a $50.00 rebate form to send in for the Sirius radio I just had installed in my '06 Sonata. I always send them in but I hate rebates. "Please wait 8-10 weeks for your rebate to arrive!" Why??? BTW, the Sirius radio is terrific.
  • tb88tb88 Posts: 242
    Rebates is one thing... at least you are buying the product and in most cases they do get some money in order to cover at least their cost.
    But HMFC is giving out money outright with nothing in return! They give out $1,000 and get maybe 1 or 2 months worth of interest: around $200 at the most - they still come out short $800.
    May be those who could only find another source to refinance at 7.5-8%, decide it is not worth the hassle to do it... But,I doubt anybody with the cash, will just look down on $800, or forget to do it. I won't.
  • backybacky Twin CitiesPosts: 18,624
    Maybe they figure it's a less-costly way to offer a rebate than $1000 cash. They do get some money out of it, and I really don't think everyone who gets the HMFC financing will refinance.
  • negativenegative Posts: 107
    I just received an e-mail from Hyundai customer service today, in response to my inquiry about when XM will be factory installed.

    The official word is "wait and see." Anyone have any inside info on this? It may seem like a minor concern, but it's not. All the FM stations in my area are awful, and I don't think I'd like the looks of an aftermarket unit.
    Based on posts from several months ago, I thought the XM units were supposed to start showing up in the Sonata about now.

    Thank you for contacting Hyundai Motor America's corporate web site. We appreciate all inquiries regarding our products and services.

    Current model Hyundai vehicles are not equipped with XM Satellite systems, either as a standard feature or as a factory option. Future Hyundai models may include this feature, however, information is not yet available for specific models or dates. Please refer to the web site for periodic updates on current and upcoming vehicles and features.

    Thank you again for contacting Hyundai Motor America.
  • When I put the brakes on I can hear the gas in the gas tank sloshing around, or at least that is what it sounds like. Has anyone had this experience?
  • You must be a newcomer here. Welcome! How's Peter Parker? :)
    Anyhow, gas sloshing noise has indeed been reported here in a number of posts. Though I never posted anything on this, I have heard it too. Have experienced this in several other cars as well. Either I've gotten used to it, or it doesn't happen that often, as I have not noticed any recent sloshing sounds.
  • zen2zen2 Posts: 226
    That would be illegal. Interest is simple interest.
    The payoff total was on my first coupon. It was the
    total I financed plus one months interest. They are
    trying to sell cars, and possibly make some money off
    the financing. Not everyone is going to refinance, but
    I would guess at least half will, since the rates are
    relatively high for Hyundai financing. I will save 2.5
    percent.
  • zen2zen2 Posts: 226
    I had thought about that, but it's hard to find
    one in the area I live. Now if you lived in DC,
    Philadelphia, or New York area, you could find one. This would cost about 200, after registration, saving you 800. Then you give it to charity, and get a tax deduction.
    I'm sure someone must have done this. :)
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