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johnap2 and backy, thanks for your info. Thats helpful. Someone had told me I needed to make 3 months payments before I could pay the loan up in full. I'm in MA. Perhaps the terms vary from state to state.
I'd still like to get a copy of the Hyundai Financing contract, with personal info blanked out, if anyone is willing to email me one.
John
Thanks
John
I believe all 4 cylinder models are still being built in Korea. Assembly is supposed to eventually shift to Alabama, but I don't think that has happened yet.
-Ty
Like me he was a long-time Toyota and Honda owner, never having considered a Hyundai until this new Sonata arrived. He's continuously owned Honda/Toyota since the early 80s....until now.
-Ty
I will see what I can do about the contract, but I wanted to let you know the 3-months of payments before payoff is false. Dealers will tell you this because THEY get a chunk of change directly from Hyundai Finance if the customer holds the account for a minimum of 3-months. I am not paying interest for 3 months to give the dealer a rebate! This urban legend was debunked in the earlier postings of this forum.
I DON'T believe this statement of the dealers that some car accidentally arrived there instead of here. I wanted a Golden Beige LX with pack 3, and one fine morning I get a call from the manager that 'my' car accidentally got delivered at a place 250 miles away from my city and that the car has to be driven from there to my place. That itself is putting 250 miles on it right away. I immediately called all the dealers at 'that' place and asked if they had a Golden Beige LX with Pack 3. None except one had it and they said they 'sold' it to the dealer at my place. That was the story, and I get no compensation for the additional 250 miles on my car. Its a universal truth that its tough to find a truthful person at a dealership. Dear Pat, I think I have the right to put forward this opinion of mine because it is a particular situation and I am not using any insulting terms.
If you think you got a good deal, and if you think the dealer was up front with you why not pay it down to almost nothing so the finance charges are minimal and hold it for a few months. I think everyone wins that way.
<img src="http://autospy.dreamwiz.com/board/bbs/table/spyshot2/upload/national1130995501_2.jpg"
I know, because I am upset. Definitely not a way to build long-term customer relationship.
Even on the Korean and Asian website it says 4 spd auto.
And yes, it is understandable that the car manufacturers tweak the options and interior bits, but not something major like a transmission. Even as I write this, people walking into Hyundai dealership in Korea are surprised that their purchases now come in 5 speed automatic.
However, none of this is shown in the brochure or Hyundai website. What can you make out of this? I have already seen a few, who cancelled their orders in order to get a 5-speed auto.
Next to the picture of automatic shift,
the catalog mentions "The first in 5-speed auto in its class" and mentions 2.4, which is the engine displacement
shown in liter.
Btw, this is the catalog for Kia Optima replacement, Sonata sibling. Enough though you can place an order for a 5-speed auto for the 4 cylinder model right now in Korea, Hyundai has not made any official announcement whatsoever.
Case in point: A few months ago, Hyundai announced they would NOT sell the Entourage minivan here, as they had previously announced. So if you asked a sales rep then, "Will Hyundai be selling the Entourage here?", the answer could have honestly been "No." Then a few months later, Hyundai reversed themselves and decided they would sell the Entourage here after all.
The fact that you guys should know is that 2.4 engine in Korea is not basic as much as here. I mean that having 2.4 engine is for the most highest model as optima line-up in Korea.so there won't not happen 2.4 sonata comes with 5sp auto at least here because a few 2.4 model is being purchased comparing to v6
for example : optima engine line-up; 1.8, 2.0, 2.4 in Korea
and sonata l4 with 5sp automatic will be sold after Nov. 23 in Korea not here
I know that Hyundai sales reps get product information a few months before the product hits the market. What they do with it is entirely up to then.
And as fars as the Entourage, it was the consumer response for a van that triggered the reversal.They have special websites available to them that reviews future product and corporate decisions and movements.
So in retrospect, there are a few salespeople at every dealership that actually take their job seriously. So please, never say never.
If you want to take a sales rep seriously who says, "Car X will never have that feature," that's up to you. If you believe them, you should also ask him/her for stock market tips since they can forsee the future (but wait, they are working as a car salesperson... hmmm...). But I did say, "... sales reps sometimes know less about the cars they sell than the buyers who come into the showroom." I know there are some knowledgeable sales reps out there. But expecting them to predict the future for an indefinite period of time is a little much to ask I think.
Hyundai Finance informed us that if we sent a personal check, the title would be sent in three weeks, but would be sent in only two days if we sent a cashiers check. Since we receive free cashiers checks through our bank, we opted that route and paid off the loan last week.
The check will arrive earlier than the actual payoff date quoted, so Hyundai will send us a refund for any interest not accrued that we overpaid on.
It was mentioned in this thread earlier that Hyundai would take away our dealer's commission since we paid off the loan so soon. Not so according to the F&I manager we dealt with. Every day our loan is outstanding is more interest paid, so our philosophy was to pay it off as quickly as possible.
Just for clarification, aside from any down payment you make, no payments will be made directly to the dealer. Once the papers are signed, you work through Hyundai Finance.
The car has been great, but it is a shame that you can't change the stations on the radio with the steering wheel controls. Hopefully they will change this in later models.
A)not fixed
B)fixed but something else dirty/scratched/chipped/stripped/installed incorrectly/loose/rattling or otherwise screwed up.
C)any combination of the above
So, if you are lucky they will be able to replace the clock without other damage.
Oh, by the way in my case not only did I get a new clock but also a new creak in the console...free of course.
There is good and bad to that....Good, No longer waits for 4 cyl. inventory. Bad, the pearl white will not be available. Reasoning is that Korea has a three step painting system as where Montgomery is only set up with a two paint system.
it was loose. I have had my Sonata for 2 weeks, just
noticed that the passenger side mirror was loose,
causing a gap. I am taking it in Monday to have it tightened. Should be an easy fix, would do it myself if I
could figure out how to get the "quadrant cover" off.
Only problem I have noticed so far.
I read these posts all the time. I'm actually looking at buying a 2006 Sonata LX later this spring before I begin my 3rd year rotations for medical school. This will be my first new car . Anyway, I was curious what kind of APR you are all getting when you finance. I understand price haggling... Can you haggle the APR as well?? I know things will be different come spring, but I was just researching current statistics to see what I am up against. Thanks for your time.
docjosh
By financing through Hyundai Finance Company, at the higher than average rate, they will usually give you a $1,000.00 rebate off the price of your new car. However, depending on how long you carry this loan the higher APR may outweigh the rebate in the long run. If you are going to be able to pay your loan off early than this option would probably be your best bet. If you are going to carry a 5-year loan the entire term you would probably be better off going with an outside, lower APR auto loan.
Before you haggle the price of your new LX be sure to research it completely on sites such as: www.edmunds.com, www.carbuyingtips.com, www.consumerreports.org, and www.carsdirect.com. There is so much information available to help you save money it will be worth your time investment. The goal is to find TRUE dealer cost (NOT invoice as many people think) and haggle upwards from this figure. Many people think that invoice price is a great deal, but often times it is not because of manufacturer-to-dealer holdbacks and other manufacturer-to-dealer incentives. The only way to be truly informed is to research right before your purchase since many of these things change on a regular basis. The goal is to get your LX at a FAIR and REASONABLE price. You should know exactly what the dealer is making off you!
Hope this information helps you!
Click here!! :surprise:
John
I checked my fico score before I went to finance,
and it was almost 800, and I got the rate of 7.49.
I just got my first payment coupon, so I am going
to take it to my credit union Monday, and refinance
at 4.99. SInce I put very little down, this should be
a significant decrease in the payment amount.
I won't waste any time and will get to my question. Background will follow.
Considering Hyundai has developed a brand new V6 engine, why did Hyundai not include Cyllinder Deactivation Technology (CDS), or what DaimlerChrysler calls Multiple Deplacement System (MDS) in the V6? I know the DM and (Chevy or GM) engines which feature it are pushrod engines, but the hybrid Accord V6 has it.
Being able to take the engine down to 4 or even 3 cyllinders while highway cruising would be a boon to this model (and Sonata sales I think). It is not often that a brand new engine comes around. It is much more rare even than brand new models or total redesigns. At Chrysler they are still using pushrod engines based upon models decades old. So a modern newly-designed engine should feature obvious technology, in my opinion. And I just can't figure out why Hyundai didn't add here!
CDS/MDS does not add much to the cost of the engine (maybe about $50 in the case of the big GM/Hemi engines, IIRC?); any cost is quickly made up in fuel savings. And with $3/gal gas (which I expect to go to $5 within awhile), this is a very important issue... especially since many Sonata V6 owners have been disappointed by their real-world fuel economy.
I have seen Hyundai's commitment to real-time product improvement (apparently not waiting to "get around to it" for next year's model to make an improvement or add features like some mfr's [suggestion: 6-spd auto...]), so this is a feature Hyundai could conceivably add to the engine, like DaimlerChrysler added MDS to the Hemi intended for the Magnum after it had already been released for pickups with no MDS. But it seems that it'd be easier to do it on an engine natively designed for MDS. So anyone want to take guesses on the chances Hyundai and/or other mfr's will upgrade?
Hyundai, if you're lurking (and you should be), if you put this feature in (and you should), something GM missed when they implemented their design was a lack of user control. Their MDS is conservative and kicks off easily and at faster cruising speeds is also off. I think CDS/MDS engines should come with an "Economy/Normal [or Sport]" switch which "Economy" switch would keep cyllinders deactivated under higher load, i.e. faster cruising speeds, even up to 80, if it saves gas. The car might come from the factory defaulting to "Economy" if it gives better EPA & emissions ratings. Owners would be able to permanently set the feature to default to "Sport"/"Normal" setting. DaimlerChrysler tried very hard to make their MDS transparent, but some users wanted a more obvious setting where MDS stayed active to noticeable levels, esp on long trips, so they could cruise at more normal (higher) speeds and still get good fuel economy. I think the fuel savings on their MDS Hemi have been disappointing not because of any ineffectiveness of MDS itself, but because it switches off so/too easily.
Thanks
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My background for those interested... (those uninterested please skip):
Considering Sonata mutually for a friend and perhaps later for myself. We are also going to look at Altima, Accord, and possibly Camry for her (not for me but I'm still curious). We already test-drove a 3.5L Magnum SXT and decided against it (believe it or not, its back seats were more comfortable than the front seats!).
First experience was a friend's (1992?) Excel Hatchback. Even as an almost-new car, I thought it sucked. We won't go over that. No point now. You know.
So... I was very anti-Hyundai all through the nineties and kept my bias into the 2000's... until I drove on a 4,000 mile round trip (of which I drove the majority) in a friend's used '00 or '01 Accent... until which time, I bashed her car regularly ("You paid 8 thousand for that?!"). Yes, I was a Hyundai hater. I wanted to hate the car, but during the trip the car earned my respect. It was the best manual climate control system I'd ever seen or used--so simple and worked so well; I couldn't get over it--nearly no need for auto climate. Seats (still shaking my head on this one) still didn't kill me even by the end of the trip; was fine at the end, despite the seats being small and fairly low. Cruised well and uneventfully. She had never had any problems with the car. That was when I started to open my mind to Hyundais.
The next experience a few years later was in an '03 or '04 Sonata LX... a friend's gradma bought one, and I had the chance to spend some time in it during a 2-car road trip. I was far more impressed with this one than the Accent. My friend is a car enthusiast and independently wealthy and both of us were impressed at the comfort and quietness and smoothness of ride... cruising at 80 it felt like it could go to 100 with no drama at all... almost felt boring being in the car at 80. Perception of speed was very low, which to me is an indication of high quality. She said she got it for $21,000, and we were very impressed... both "for the money" and "in its own right". I felt, unbelievably at the time, that if Hyundai made it safer, and raised the seats, and made it a bit bigger that I could... (???!!!) maybe someday possibly buy one of these???!!! Add to this that they're now being made in the USA, and seem to be even more of an "American car" than a Dodge Magnum, and I'm really interested. (Too bad about the new U.S. plant not being able to do Pearl White because they only have 2 paint stages vs Korea's 3? --so much for "Ultra-Modern" plant? Or is this a "ramping up" deal?)
I then realized the great strides Hyundai was taking and started to watch the brand carefully. And then they released the '06 Sonata... and now I'm here.
For the record... my friend I'm shopping with currently owns a '92 Honda Civic DX ("D"on't got e"X"tras). That car is a disaster. Talk about bad 1st-year redesigns. The Sonata re-design is smooth as silk compared to that Honda POC. I could post the full list somewhere if someone's interested, but some brief highlights were a blown head gasket and tranny work needed before 100k miles, things literally falling off the car and breaking left and right, and simply insufferable seats... not to mention the car pulls to the right--until it gets to highway speeds--whereupon it tracks perfectly straight (can't figure out that one).