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My price was $19,600 plus 3% NC tax. This is about $5K off list including the $2K rebate.
The car drives very well and feels as fast or even faster than the 4.6L V8 in the traded Conti. I believe it when a car magazine stated that Hyundai specified a lower rating of 234HP than the actual engine output.
After reading the forum and seeing the price that people recieved, I think the good price for 07 sonata limited will be around $19,500. I think we are going to go to few of the dealers in few weeks to check out the car after we receive a mail from Hyundai to see if we can get some kind of a special deal(?). My family is planning to go to the Atlantic Hyundai that is located in Long Island because that is where we purchased our last hyundai sonata. Thanks for the reponses, and please post more informations that could help the future-hyundai-sonata-owner(?).
Thanks once again~
I purchased my 2007 Hyundai Sonata Limited Edition (Ebony Black Color and w/o. XM Satellite Radio but took the Platinum Edition Package, which includes the apoiler, sunroof, Infinity Radio upgrade, platinum edition floor mats (as opposed to those that come default with the car and have the word Sonata stitched into them), etc) back in the month of March 2007 (approximately 3/13/2007) in the Dallas-Fort Worth, TX Metro area. I also traded in my old 2002 Toyota Corolla S (Silver Color and w/. 62000 miles on it). At that point of time, there was a $3450 Rebate offer and Balloon financing offers from HMFC.
-The Sticker Price on this car was $25,360.
-My negotiations and the price before T.T&L and the rebate bought it down to $24,220.
-The rebate applied bought the pre-T.T&L price down to $20,770
-With T.T&L, I was out the door in just below $22k
I must say this is a car that will contend in the 4 door family sedan market for many years to come with the likes of the Accord, Altima, Maxima and Camry....and perhaps with some but not all of the higher end makes like Infiniti, Lexus and Acura. One thing to note about the car, Hyundai uses Lexus as its bench mark for the Sound-proofing inside the car. Hence, the lower amounts of road noise that are audible when you are driving. This car is considerably quieter than my wife's 2003 Honda Odyssey EX-L, on which we have replaced the OEM tires with a sets of 4 Kumho Solus tires from Discount Tire. Only after that replacement has that vehicle transformed its driving exeprience into a more quieter but apart from this complaint, even this vehicle is a good one to drive.....but the Sonata is plentifully better than most current Honda cars.
My recommendations when getting the Limited:
1. The 2008 models will introduce a 4 cylinder engine for all trims but considering the size of the car, it's an injustice because the bigger the car with the less powerful motor will take on wear and tear quicker as compared to having the larger engine. Advantage for smoothness and pwer goes to the v6 unquestionably.
2. The v6 engines are paired with the 5 speed Shiftronic whereas the 4 cylinders of any available trim are paired with the 4 speed Shiftronics. Not enough gears, especially if you are driving up a lot of hilly roads where power is necessary. The v6 is again the better bet here. Again, advantage v6.
3. The gas mileage is nominally better on the I4 w.r.t the V6 but is it worth the sacrifice of the smoother and more powerful ride?
4. Sound system: If getting the Limited, do consider upgrading to the Infinity Stereo System offered with the Platinum and Ultimate package. (7 Spkrs including a subwoofer, external amplifier rated at 360 Watts power output and 6 cd changer in dash). This is clearly worth the upgrade over the 6 spkr base system offered with just the base Limited Editions. (P.S. - Infinity is a brand associated with the Harman International. Yes, Harman as in Harman Kardon :-).)
5. Platinum Edition package comes with the Black Leather Interior - looks great!
Good luck and let me know what you end up doing. And the Approximate $19,500 figure you stated in your e-mail is a good price ONLY IF you do not go with the Ultimate or Platinum Edition packages. :shades:
Seems like a great deal to me...cheaper than a Honda Fit.
This is at Allen Samuels in Fort Worth, TX if anybody's curious.
http://www.hyundaiusa.com/financing/specialoffers/special_offers.aspx
There are no current special offers for first-time Hyundai buyers on the Sonata, unless you consider the college grad financing rebate or military rebate like that. There is a $500 loyalty rebate for current Hyundai owners on the 2008 Sonata (along with a general $500 rebate). Hyundai tends to go that route vs. specific first-time buyer rebates, although the Veracruz has a competitive rebate to draw owners of other SUVs.
I think I got a great deal on this. Opinions?
Would you mind if I ask which dealership you purchased your GLS from?
"For the last several months the HMFC balloon came with a $3500 rebate on the Sonata GLS, although this month you only get $2500 rebate on the balloon on any of the Sonata's."
Is this really true?
someone helps me...how much is it?
i'm going to buy cash...
plz e-mail me (starachi@hotmail.com)
thank you
$14,500 + TTL in Las Vegas, NV
Automatic, Power Seats, Steering Wheel with Audio Controls, XM Radio, other interior upgrades I can't remember....
MSRP $19,800 + additional regional adjustment (whatever that means)
Without the low cost options I had, I would say that you could get it for not more than $19500.
Towne Hyundai's current internet deal is $1500 under invoice plus $500 owner loyalty, for those who qualify, (plus the Hyundai standard $2K rebate you mentioned). The car you mention would have a price of $14,633 in Towne's current offering. Not quite the $14,500 but pretty darn close. Towne also has a $189 doc fee. Some of the prices reported here may not include doc fees or any other dealer fees.
(That's why I like to see prices reported as MSRP, invoice, dealer price, any rebates, doc fees, any other dealer fees [like extra charge for handling DMV paper], to = the price plus registration and sales tax.)
thank you
He said their were rumors that since the current rebate offers were only in effect from July 10-31 that larger rebates would be offered to clear out the remaining 2007 inventory.
The dealer i stopped by had over 100 2007's on the lot as of July 14 of course most of them the V6. Well i'll probably wait until Aug. 1 to make up my mind as i dont see the rebates decreasing for the sonata but more of a possibility of increasing or staying the same. Ive been quoted time and again to go pick one off the lot and they would take $4,000 off from dealer invoice, not tooo bad...
I like the balloon with the options to turn in the car after 2 years, refinance or payoff the balloon after two years, trade in the car for another hyundai with no fee.
Heck ya get a chance to use the car for 2 years to "try" it out and if any major problems or just dont like it flip em the keys after 2 years and no hard feelings. If it works out for ya keep the car, if ya like the look of the 09' hyundai trade it in.....those options are great to me.
I dont know about the 5K down, but i would of just put the 2K down took the cheap balloon payments kept the 3K in my pocket or just right out financed the car and put the 5K down but you would have lost the $1,800...
I purchased an 07 GLS 4 cyl $1,900 down payments of $174/month...i bet the VUE payments are more...i ran the numbers on the sonata to finance and even at 72 months same money down it would have been over $200/month
"Your offer of $14,700 + TT&L will not be accepted at this time unfortunately. The best that I would be able to do on the Sonata GLS would be $16,565 + TT&L. This price is not only includes the $2,000 rebate but is $200 below invoice. If this will be acceptable for you, then I would like to set up an appointment for you to come into our dealership to get a closer look at this great looking vehicle. You can let me know when the best time for you would be by either emailing me back or calling me at the number listed below."
Needless to say, my return reply was highly critical. Then, I received an e-mail from the General Manager. He bragged that he ran two Hyundai dealerships, provided an invoice that showed what a "great deal" the quoted price is, and urged me to come in for discussions.
This is the main reason I dislike most dealerships. Despite the Information Age (includes the Internet), they continue to use predatory sales practices, and attempt to justify ridiculously high prices with methods any person conducting basic research can refute.
I will drive a little further, and get a competitive price from a dealership that is fair and sane.
Here it is, almost August and the 2008's are out. In February we bought an '07 Sonata SE, MSRP of $22080 for $16,651, plus dealers fee, & TTL for an OTD of 18,189 based upon 6% sales tax.
Find another dealer fast. You should be able to buy for below invoice before considering the $2K rebate. (You shoud get the car for more than $2K under invoice after rebate.)
Sonata GLS I4 Auto + Premium Package
Price Paid
MSRP: $ 19,480
Sales Price: $ 17,100
Balloon Financing Rebate: $ 3,000
Final Price: $ 14,100
Tax: $ 881.25 (6.25% of $ 14,100)
Doc fee: $ 50
Title and License: $ 124.50
Dealer Inventory Tax: $ 31.98
Balloon Detail
Downpayment: $ 2,500
Amount Financed: $ 12,687.28
7.9% for 24 months (finance charge: $ 1,844.03)
Monthly Payment: $ 165.97
Balloon Note: $ 10,714.00
As there's no prepayment penalty, I will pay it off after three months (I was advised to make at least three payments to avoid the possible take-back of HMFC rebates.)
The original negotiated price was $ 13,700 including a recent graduate rebate of $ 400, but it was later found out that the balloon note is not combinable with the graduate rebate.
Probably it wasn't the best deal available, but I'm just happy that it's done.
Of course, it's your option to say "no, thanks" (which you did) and go in search of a better deal. But each dealer has the right to set whatever price they want for the cars they sell, within the law. It's their business to run. We as consumers can accept or reject their deals.
First, the deal they countered with is COMPLETELY UNCOMPETITIVE, and was an OBVIOUS attempt to take advantage of a consumer.
Second, this is DEFINITELY PREDATORY SALES tactics. You may feel it's justified, but I'm willing to bet the majority of consumers DO NOT appreciate these tactics. The era of this type of salesmanship are numbered. It reflects VERY POORLY on the brand name. The automobile industry is so competitive that these dealers will be forced out of the business very soon.
By the way, did you ever take Business 101 in college?
The only thing you got right is it's a free-market economy, they can ask any price they want, and I can refuse such predatory offers, and go elsewhere.
Your summary shows that you understood precisely what I was saying: it's a free-market economy, dealers can ask any price they want, and you can go elsewhere if you don't like it.
I am shaking my head wondering how a $200-below-invoice, straight-up offer is "predatory". Is it the best offer you may be able to get? Probably not. But it's not what I would call a "bad" offer. If this dealership had made this offer to me, I would have simply told them, "Thanks for your offer on the Sonata. It is not acceptable to me, so I will be shopping at other dealers. Please let me know if you change your mind about my original offer."
I am VERY happy with my 2007 Saturn VUE V6. Big powerful engine, onstar, zero %, big tires. I feel I need the high clearance from the ground. Tired off being scared in floods/water while others pass me by. A consideration in Texas right now. Not much if any more total money.
You said, "I am shaking my head wondering how a $200-below-invoice, straight-up offer is "predatory". Is it the best offer you may be able to get? Probably not. But it's not what I would call a "bad" offer."
Congratulations on your MBA. But, I wouldn't want one from the school you attended.
Have you done ANY research on the effect of "time of the year" on automobile prices? Do you know anything about "car pricing and excess inventory" at the end of a model year, and the beginning of a new year?
If, at the minimum, you had examined the prices other posters were recently paying, on this site alone, you would understand how ridiculous and uncompetitive an offer of $200 below invoice is on a 2007 Hyundai GLS.
Before you speak up in the future, I recommend you know what you're talking about, and do a little homework.
You may be an experienced salesman with an MBA, but you know next to nothing about car sales, pricing dynamics in the auto industry, and building brand loyalty in an extremely competitive environment.