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Comments
First, the deal:
2007 Veracruz Limited AWD
Ultimate Package Premium (Saddle etc)
Roof cross rack
Composite Cargo mat
Floor mats
MSRP $38,375
Out the door (means tax, title and all fees included) $35,322, no balloon no baloney. This price is a chunk better than $1,000 off published invoice. AND they gave me what I wanted for trade-in of my 2005 Acura TL.
I HIGHLY recommend the dealer we used... Vision Hyundai of Rochester. Four phone calls over five days with their internet manager (great guy, very very good at what he does); time on phone totals no more than fifteen minutes over five days. Internet search of inventory found the color and trim we wanted; I gave him the stock number of the VC we selected, he quoted $1,100 under invoice, we talked about my trade, he gave me a range I found acceptable, I asked him to get the car ready for today.
It was washed, detailed and ready for us when we got there.
We were in and out of the dealer in two hours, enough time for a thorough test drive and full rundown of checklist for taking delivery. They then surprised us by offering the high end of their range for my trade, which exceeded what I thought I'd get.
The rest of the time was spent on trade paperwork, getting insurance etc coordinated. We found a couple of cosmetic issues which were taken care of during our discussions. We were dreading the F&I guy, but we completed our visit with him in four minutes.
Before we knew it we were on the road, in this magnificent car. I will post again later to explain why I like it better than the vaunted Acura, but wanted to get the Buying experience described while it was fresh in my head.
Chris in Ithaca
Here's the test video:
http://www.mpt.org/motorweek/video/roadtests/rt2648a_flash.shtml
Lexus luxury and Acura performance for the price of...Duh...Hyundai.
Window Sticker - $27,140
Agreed Upon $ - $24,916
Out the door - $26,046 (Tax = $762.48, Doc fee = $299, Registration = $69)
All in all, it was a good experience. We will pick up our new Veracruz on Monday, and I will need to talk to them about the fact that they left $500 off the contract. We agreed on $24,916, which they arrived at by giving me $500 dealer cash and $500 for going through Hyundai Motor Credit for financing. Since we were signing all the documents late last night (around 8:30PM on a Saturday) I missed that they forgot to take of the $500 for going through HMC for financing. I hope it won't be too much difficult to get them to correct this oversight.
Also I have had a hard time finding a close up picture of the GLS model's cloth seats. On Hyundai's website they use the same picture of the seats for cloth as they do for leather so I think the picture is of leather seats. I believe the GLS only comes in cloth seating. I didn't like the beige cloth on the 2007 Santa Fe and I am hoping the Veracruz beige cloth is better quality looking and soft. Let me know what you think on that as well if you don't mind.
Thanks!
$550 less than Invoice Price = $31,900.
Doc fee, license and Tax included ~ 34,871.00.
Received $500 incentive for financing with Hyundai.
Thanks,
Any suggestions..
I will pick up our new VC tonight. Wasn't able to get it because we closed the deal so late on Saturday.
Remember too, there are different option packages for each one. If you price out a new car on this website, you will see what I mean. Also, it will give you the price you can expect to pay and explain what the options are. It will also give you what a "fair" price should be for that car.
http://www.edmunds.com/new/index.html
If a dealer is sitting on 8 GLS with cloth seats and no options, he may want to wheel and deal to unload.
If on the other hand, he only has one Limited with Ultimate pkg and AWD, he may hold out and not give you much of a deal since his phone is ringing off the hook by some other dealer wanting to trade it.
In my case, I paid $100 over invoice for my Limited AWD Ultimate w/saddle leather. That car was super scarce and it was what I wanted, so I paid and am very happy. When I compare savings to having all the toys for the next five or seven years that I will drive the car it makes sense to me. But, that is my opinion. Yes, I am a toy man and love gadgets, some that most people can live without.
By all means get the brochure from a dealer. It is slick and does a very good job of explaining GLS, SE and the Limited. The options available as well.
Thanks again. I will probably get a GLS FWD in a few months, need to save up my down payment...
How is every one doing with extended warranty and Maintenance contracts?
If it is not the right forum please let me know.
regards,
The features and every thing is same. If you are going to keep the vehicle for long I think you should go for 2007. And I went for 2007.
rebate. Is this a regional promotion? All it lists on hyundai's site is $500 comp car, $500 military, or $500 financing.We got a balloon note at 8.5% for 48 months. The amount borrowed was $14,000.
The overall interest will be around 4k which is more than eliminates the rebate. So it'll only be worth it if you're going to pay it off very early (maybe within the first year). As far as I know there is no prepayment penalty.
Thanx
eadlertx
Invoice = $31619
MSRP = $33750
Dealer also throw in remote start and carpet. Is this a good deal?
http://shopping.dallasnews.com/ROP/ads.aspx?advid=201865&adid=4908396&type=
For the GLS and SE models, the 2008 models cost $600 more than their 2007 counterparts. This is a reasonable 2 to 2.2% increase. For the Limited, the increase is $1,750, which equates to more than 5%.
However, one needs to keep in mind that the 2008 Veracruz Limited adds substantial equipment as standard; essentially everything that was included in the 2007 Ultimate Package (with the exception of the Entertainment Package). Last year, the Ultimate Package (which included the Entertainment Package) cost $1,350 more than the Entertainment Package alone, so the 2008 models now actually include this additional $1,350 in equipment as standard. Subtracting the value of this added equipment from the $1,750 increase for 2008 leaves a change of $400. So while the base price is indeed higher, the net price increase (allowing for the value of the added equipment) is actually less than that of the GLS and SE models.
If you wanted the goodies in last year's Ultimate Package on your 2008 Limited (without being forced into the Entertainment Package), the price increase is really not bad at all, in fact, it could be argued that the 2008 Limited actually increased less in price (on a percentage basis) than the GLS and SE.
Has anyone out there actually PURCHASED a 2008 yet? I'm curious if the deals which all seem to hover at or below invoice will carry forward into 2008. I anticipate that dealers will not be too interested in substantially discounting their new 2008 inventories until the remaining 2007s are off their lots.
Here's the fine print.
link title
Thanx
I calculate the same $1745 price increase from 2007 to 2008 as you do, keeping in mind that the 2008 includes many items from last year's Ultimate package now standard. I have seen an '08 Limited with a $1500 add-on for the rear-seat DVD as a separate option.
So, backing the cost of the DVD ($1500) out of last year's Ultimate package ($2950), you get a $1450 value to the equipment that is now standard. Backing that figure out of the $1745 price increase, you're left with a net increase of $295 for a similarly-equipped 2008 Limited. This is a .91% increase if you're after the FWD version and .86% if you're after the AWD version.
Amazing! I hope production will keep up with what is sure to be some great demand.
· LG navigation system
· Previously optional equipment on Limited model, now standard
o Memory settings for power driver seat, exterior mirrors and steering wheel
o Power tilt/telescopic steering wheel
o Adjustable gas and brake pedals
o Proximity key with immobilizer
o Rain-sensing wipers
o 115-volt power outlet
o Lighted door scuff plates
· Power tailgate and 115-volt outlet now available on SE model
More here:
http://www.hyundainews.com/Media_Kits/2008_Models/Veracruz/Press_Release.asp
Thanx
Please provide the details so we can all benefit.
Thanks!
You are #1 on the board for the best deal on a new Veracruz.
The new benchmark is at least $3000 below invoice.
I just purchased a 2007 VC LTD FWD with ultimate package and premium leather for $30,500 from a dealer in Austin. The price did include the $500 competitive bonus. According to Edmunds, this was $3,300 under invoice!
Can you share any more details on this deal? This is without a doubt the best deal I have ever seen posted! Did you pit one dealer against another? I'm not having too much difficulty in getting dealers to give me an "at invoice" price (which makes me curious as to how much holdback there really is), but even throwing in all the incentives, this is a tremendous deal. Your negotiating tips would be greatly appreciated!
http://www.businessweek.com/magazine/content/07_21/b4035069.htm
This may be the most relevant paragraph:
" Despite an array of new models with quality and styling at levels unimaginable even as recently as five years ago--and more discounts to boot--sales growth has flattened. Hyundai's inventory of unsold vehicles has quickly swelled. The company, which was the fastest-growing carmaker in the U.S. from 2000 to 2005, had a target of selling one million vehicles in North America by 2010. Forget that. The goal has been quietly scaled back to 700,000, with a 2012 benchmark of 900,000 sales."
The article goes on to describe stadium parking lots full of unsold Hyundais at the factory. Believe me, the dealers are ready to bargain, especially on the higher end vehicles. I got $1,100 below invoice on my loaded Veracruz just for asking...
Just like the current housing market, the smart consumer has all the power.
If you cannot get $3000 below invoice, walk away!
For a smart consumer, buying a new car is a preference, not a necessity.
Good luck and keep posting the great deals.
I would tend to believe a tremendous amount of advertising support from Korea and generous holdbacks. Add to that the fact that the '08s are on the way and dealers want and need to move the '07s...especially the FWD '07s when the AWD '08s will be the demand as the snow begins to fly in a few months.
I'm waiting for an AWD LTD with Navi myself.
$3K under invoice is the new standard!
When I got home, I found the numbers for the '08s and realized the'08 Limiteds (without Entertainment package) are actually less than the '07 Limiteds (with Ultimate package). Since our kids really don't need more screen time, that's more like what we would like.
My question: Has anyone driven an '08? Does the driving experience/options feel any different than the '07? When we purchased our previous car, we found out a year can make a HUGE difference in driving experience -- even if there's nothing obvious in the specs. I have called around and there are dealers with the '08 on the lot, but not up here in NorCal.