Hyundai Elantra Prices Paid and Buying Experience

alamocity

The extended cost went up quite a bit earlier this year according to what I've seen on other forums: for the gold plan I've seen them range from $1436 for the 10 yr 100K with $100.00 deductible to $1621 for the 10 yr 100K with zero deductible. Hope this helps

backy

At that price, I'd invest the money.

Last year I paid about $1200 for what amounts to five years and 55,000 miles of bumper-to-bumper, zero deductible, transferable coverage on a five-year-old Mazda MPV. And it was effective immediately, not in five years as is the Hyundai extended warranty. So I think $1600 for a zero-deductible warranty on a compact car that kicks in five years from now and amounts to five years and 40,000 miles of coverage is pretty steep.

irismg

Sounds like a steal. Should I be suspicious about it being sold for so cheap when MSRP is over $16K?

nanotube

I would think twice. For that price or less many of us here on this board got brand new 07 GLS auto w/pkg2 a few months ago. Plus I would stay away from dealer demo car like this.

alamocity

I agree with you, was shocked when I read the prices on another forum.

alamocity

Is that a dealer selling it? I'd have a carfax report run on it, while it won't guarantee there weren't any problems, it will at least give some information on the vehicle. The private selling value on it is about $12,970 (good condition) if that helps any.

irismg

It's a Carmax car. They have something like Carfax called AutoCheck that you can run for free. I ran it and other than an "I" showing up under "Fleet/Lease", it came up clean. I was going to go down and test-drive it to see how noisy the engine was, but didn't get around to it today.

Thanks for your help, though!

colloquor

Most here on Edumunds.com denigrate Hyundai resale values. I just finished some research based upon the purchase of our 2006 Elantra GLS sedan automatic vs. a 2006 Honda Civic LX auto and a 2006 Toyota Corolla LE auto. The prices paid, including TTL, for the Civic and Corolla were based on an average of those posted here on Edmunds.com from buyers for those trims over a snapshot of time (and, forum postings) in 2006. Interestingly, the Elantra does quite well compared to the Civic and Corolla which contradicts the position of many anti-Hyundai posters.

The values (trade-in and private party) were taken from the Edmunds.com appraisal calculator. This trade-in value correlates with what my local dealer, and Intelliprice, would offer for a new car trade-in, so this value should be good enough for basic comparison purposes. The data:

2006 Elantra - Trade-in: $9,647 Private Party: $10,738

2006 Civic - Trade-in: $13,508 Private Party: $14,620

2006 Corolla - Trade-in: $11,429 Private Party: $12,613

Comparing total purchase price vs. trade-in value:

I paid $13,700, including TTL, for my 2006 Elantra. This equates to a $4,053 loss since purchase - in my case, purchased in December 2005.

The average purchase price, including TTL, based upon Edmunds.com postings for the 2006 Civic LX is $17,500. This equates to a $3,992 loss since purchase.

The average purchase price, including TTL, based upon Edmunds.com postings for the 2006 Corolla LE is $16,200. This equates to a $4,771 loss since purchase.

In each case, the first year depreciation hit is substantial, as expected. But, when you compare each based upon not the MSRP, but the actual delivered price, including TTL, the Hyundai fares quite well against their highly regarded competitors.

nthe

this car was most likely a rental car. Just know that only the 5 yr 60k mile warranty transfers. The price is a fair price, but not a great price, as carmax doesn't offer what most would consider "great" prices.

irismg

Well, it's moot now, because that car was snapped up before I could even drive it! If it's possible to get a current model car that isn't even broken in yet, equipped as it was, for less than $13,000, why on earth would anybody buy a new one. I'd consider what Carmax offer a great price, and obviously its new owner thought so, too! And frankly, I don't care much about the warranty, because if the car is well made, like a Toyota, then I won't ever need to use it.

Thanks for the input, though!

alamocity

Sorry to hear about that. I would look into the Corolla as they are being discounted quite a bit and the Forenza, Spectra and SX4 are other options you might want to consider.

irismg

I'm actually a little wary of Kias, although I wouldn't mind driving one for the heck of it. I absolutely love the styling of the Forenza wagon, but people say avoid it like the plague. The SX4 I've never heard of, which tells me they may not be all that popular, for what reason is to be determined, I guess. Thanks for the suggestions, though. You're right about the Corolla markdowns. I'm seeing some cheap ones with crank windows, which is an absolute dealbreaker for me, but it'll be interesting to see how cheap they get the closer it gets to Thanksgiving.

I think it's interesting that of the two '07 Elantras Carmax had nationwide, both sold in less than a week. They don't stay long!

nthe

"the Forenza, Spectra and SX4 "

i would stay away from suzuki as much as possible.

jsmithson

How'd I do? Here's how the numbers break down. I spent a few weeks working over several dealers, and I really feel that this was the best I could do right now. You guys know, so tell me how I did.

New '07 Elantra GLS. Quicksilver, AC, manual trans, XM, floormats, cargo net.

Here's how the buyer's order reads:

Sale price: 14933.00
No Trade-in: 00.00
"Doc" fee: 398.00
Taxable total: 15331.80
State Tax: 1076.45
County Tax: 80.00
Gross Receipts tax: 46.00
Plates or Transfer: 99.00

Subtotal: 16633.25
Less Rebate: -1000.00

OTD: 15633.25

I know that at a different time of year I probably could have done better. Four dealers were almost all at the exact same price. The guy I bought from said he wasn't making anything but volume and that all his holdback was gone on this one or some such.

This sale was in Knoxville, TN.

roach21

I went online and saw that an 07 elantra gls with auto and preff pkg has an MSRP of 15715 but does anyone know what the dealer invoice is and also the dealer invoice for the same 08? I am going to be in Syracuse NY where they have a huge superstore so i want to know what number to walk in the door with so i don't really have to negotiate too much. I bought 2 other cars there before, but currently drive a nissan. Do i get the $500 loyalty rebate?
I was going to say $14400 OTD and not really move too much. What do you guys think? :confuse:

nthe

"I went online and saw that an 07 elantra gls with auto and preff pkg has an MSRP of 15715"

i'm not sure where you saw this MSRP but the correct sticker price for this car should be about 16,700. With the 1000 rebate (only on the 07s) that would make it about what you saw, but the rebate is not reflected in the MSRP. You qualify for the owner loyalty ONLY if you currently own another hyundai vehicle.

The 08 GLS will sticker for $16,895 (without floor mats) and the invoice is around 16,335 (according to edmunds), so 14,400 OTD would seem very difficult on an 08.

nthe

i just looked at an invoice for an 08 GLS with the pref pkg at my dealership. This car also has floor mats. The MSRP is $16,980. Invoice is $16,553. Holdback is $490.

So if you bought it at invoice - holdback - rebate, your sale price would be around $15,563. I'm not sure how much taxes are in your area, but to get 14,400 you would need the dealer to lose 1000, plus pay your tt&l.

ashoe

We just picked up a brand new 07 elantra gls (super basic package- no air or stereo) 5 speed for $9,560. The MSRP for this car (with floor mats) was $14,180. We paid Denver tax at 7.2% and the dealer fee (they weren't budging on that), for a total of $10,982 out the door. This dealer (Arapaphoe Hyundai in Centennial, CO) has several more of these cars at this price, but unfortunately they were pretty difficult to work with.

Here's my question, though. We want to add a stereo (will still have a brand new one from the car that we replaced) and add tint. They are asking $210 for tint and $135 to put in the stereo. Should I go through the dealer and take these prices? Or can I go through another local dealer and keep my warranty intact? Any ideas on reasonable prices for these things?

Thanks.

alamocity

That's a heck of a price. I don't see where tinting your windows would affect your warranty, as for upgrading the stereo that shouldn't either though might want to have it done somewhere professionally.

pluto8

$11,850 OTD. Black '05 Elantra GT. 28,750 miles. Automatic with Sunroof. Only a few chips. Great condition. One owner. Didn't come with service records or warranty handbook. Didn't really negotiate since KBB and Edmunds showed higher price. Also similar mileage cars of same year were pricier with less options (Lancer, Sentra) and unlikable colors. So I couldn't come up with any reasons to have him lower the price. Aside from the sneaky "5 liner" credit application and subsequent financing speech. Dealer was relatively easy to deal with. Did have an issue with a fuse that prevented the dome lights and stereo from coming on. So during the process of ensuring that it was fixed before I agreed to pay for the car, I forgot to check for the warranty handbook in the glovebox to make sure it was there like he said it was (wasn't). He also didn't give me the Buyer's Guide. The sales contract does state that it comes with the implied warranties so I didn't bother calling him back about that. I'm not sure how the warranty transfer works without service records though and asked a question about it under the warranties topic here. Aside from that, the look and feel of the car is astounding for the price in my opinion. But it feels strange having not negotiated. How well do you think I did?

backy

What was the price before taxes and fees?

Did you check the tire wear? The OEM Michelins can be worn down by 30k miles.

If you bought from a Hyundai dealer, they should be able to tell you if the car qualifies for the remainder of the 5-year, 60k bumper to bumper warranty.

pluto8

The car price was $10,500. Title, Registration and Plates were $202. Tax was about $847 at 8.06% Mesa, AZ sales tax and I did pay the $300 documentation fee. The tires were brand new Michelins. Brake pads were new too. I spoke to Hyundai customer service earlier today and they retrieved the VIN and personal information for the transfer and said the missing service records should be no problem so long as the new records and receipts are kept from hereon. Except for lack of ABS and traction control, the car is fully loaded in great condition. Even the Original floor mats look brand new. I'm sure I could have eliminated all or most of the Documentation fee but the fee breakdown didn't interest me as much as the OTD price and since the dealer was well behaved, I didn't feel the need to butt heads. (I also had a bad cold and was loaded on Robitussin) I found a site at Carguru.com that lists average selling prices for mileage ranges and it lists this car at about $12000 although I'm not sure if it's an OTD price.

backy

That's good it has new tires and brake pads; those are two of the things that might wear out fairly early.

I'm surprised that the car doesn't have ABS/traction since I thought that for '05 Hyundai bumdled ABS with the moonroof, but maybe that wasn't until '06.

Is this the hatch or sedan? I have a '04 GT hatch and I love it.

xo1rider

Drove home last night with a new 2008 Elantra SE.

Premium + Leather Package
Power sunroof
Heated front seats
Automatic
Floor mats and sunroof wind visor

Total price paid $17,500

No idea if I got a good deal or not MSRP on sticker was $18.965.00

backy

It looks like a pretty good price. What was the price before taxes, license, and other fees? What state do you live in? Did you get any rebates?

pluto8

It's the sedan. It has the power sunroof but no ABS/TC. DISAPPOINTMENT: Last night she found out she has the steering wheel shimmy at 62-70mph. This wasn't apparent during the test drive. It comes and goes. At first I thought it was the axle but since I've spent all morning scouring internet boards and now learned about this wonderfully recurring problem, I can't believe I hadn't heard any mention of it for the month's worth of reviews I checked before deciding on that car. I checked every major car site's consumer reviews and don't recall ever seeing any mention. Oddly enough, when I bought a brand new Mustang seven years ago, it had the same vibration problem which the dealer fixed immediately without recurrence. Considering this is a used car with 28k miles, I highly doubt it's going to be an easy fix. Now I understand the no negotiation aspect of the purchase. The used car dealership must've already known about the problem.

backy

Don't assume the dealer knew about the problem. Since it has new tires, the car may just need a proper wheel balancing. Take it to the dealer and ask them to do that. If the dealer doesn't have the right kind of machine to do that (there's a Hunter machine that works best, I don't remember the model), take it to a tire shop e.g. Discount Tire and have them do it. Sometimes it can take more than one rebalance. I had some wheel shimmy on my '01 Elantra after I got new tires on it, and after they were properly balanced the problem went away. Same for my '04 GT--on that one, the tire dealer did balance the new tires, but there was a little shimmy at high speed. When they rebalanced them, the problem disappeared.

xo1rider

The $17,500 was before taxes, license etc. I live in California - I got a $500 rebate for taking Hyundai financing. The way the dealer phrased it the price was $250 below invoice before the $500 rebate, so with the rebate I guess you could say it was $750 below invoice.

I did not really go looking for leather, heated seats and sunroof but the SLE in the color I wanted was equipped that way and the price was right.

backy

OK. When you said "Total price paid $17,500" I thought you meant that included taxes and fees.

Something is not right here though. The sticker price you noted seems about $1000 too low. The invoice on a SE with the Premium + Leather package, AT, and sunroof deflector is $18,990 according to Edmunds.com. That's about what you said for the sticker price. So your deal for $17,500 after the $500 rebate but before T&L is about $1000 under invoice.

I think you would be hard-pressed to find any other car out there with mid-sized room and all the features your SE has for anything close to $17,500.

xo1rider

You said it sounds about $1000 too low. I think the reason for that is something the dealer told me. I don't really understand this but he said something along the lines of the State of California had a $1,000 automatic transmission rebate. California wants to discourage the sale of manual transmissions to cut down on emissions.

I honestly don't understand all the ins and outs of this but I do know I was pretty happy to drive off with a new car with leather, heated seats, moon roof, XM for much less than I was prepared to spend.

backy

It could be because the PZEV Elantra is only available with an AT. So I bet it's not really about not wanting cars with manual transmissions--they just want more PZEV cars. That would explain why there's been an extra $1000 in rebates on the Elantra in CA compared to the rest of the country. I was wondering about that.

reddi

I got 2007 Elantra GLS automatic with preferred package for $14,500 out the door. I see on this board that there were better deals, but I wanted to check and see what folks thought about this.

I know this is 2007 model, already a year old, I wish I could have got 2008 model instead but no one was matching this price for 2008. O'well it's over, but I'm not sure how I did with my deal. Any comments will be appreciated.

alamocity

Might help if you broke the deal down as tax rates and other fees do vary.

nthe

there "might" be a few better deals, but you got a car that stickers for around 16,700, has $1000 rebate (or $2000 if in cali) for 14,500 OTD. That is better than my dealership could even come close to. The dealer took a loss on the car to sell it to you.

and who cars if "its a year old" (its really not) cause if you plan on keeping it say 6-7 years then the miles will matter more than the model year. a 2000 elantra with 75k miles is worth only about 300 less than an 01 with 75k miles.

hot4hyundai

I hear you guys talking about getting good deals in the final price (for those who must finance). But if you add the financing, aren't you pretty much giving the dealership those rebates back in interest incurred over the remaining years of the loan? What would be a fair deal AFTER your loan is up?
For example, I live in Miami, Florida and I was offered a fully loaded 2008 Elantra SE with sunroof and leather for around 17,500; OTD (tax, title, doc, etc) would be '18 something' the dealer said. Of course if I were to finance that, the extra interest would be another 2 grand or so (@ 5.9% with excellent credit). So in the end, I would be paying around 20,000. Is that a good deal? :confuse: Doesn't sound like it. :mad:

Of course, financing is a convenience and a luxury for us lower income folks. But I'd prefer paying that OTD price of 18 something AFTER financing and rebates. Of course you can't have both. Any suggestions on getting a REASONABLE deal while financing? Or is too good to be true?

xo1rider

Do what I did, take the $500 rebate for financing make one payment then pay off the car.

hot4hyundai

Brilliant move. Surprised there's not some hidden legal technicality that would forbid that. I'm guessing you got an outside loan to pay it off after the first payment?

Problem with my scenario is that I wouldn't be able to combine that financing incentive with the $1,000 Hyundai rebate they had off (which their website is currently not honoring). But that's ok, I still want to wait until my fiance and I are more stable financially before I take on debt (I'm debt-free and want to remain so).
I also want to have money to put down as well, $3-5k. Did you put any money down?
Based on my research over the past few months, I would say you got a killer deal for a brand spanking new, fully-loaded 2008 Elantra. Congrats.

porsche4me

Hello all, I think I'm pretty much getting screwed. I'm looking for an '07 or '08 Elantra GLS, Automatic, Popular Equipment Package + Sunroof. Current price being offered to me is $17,995 + all taxes, title, etc.. In your collective wisdom, just how much can I reasonably ask off of this car. I've never bought a new car in Texas before, so I'm unclear how much taxes/title etc. will add to the final price. Please help!

Thank you in advance

backy

You didn't say whether the car being offered to you is a '07 or '08, and there's a big difference in price. First, the '07 has a $1000 general rebate. The '08 has only a $500 HMFC rebate--you have to finance through Hyundai to get it. (This is in TX.) Second, prices have gone up for '08. Invoice (per Edmunds.com) for the car you described as a '07 (with XM radio) is $16,982. For '08, it's $17,154. So for a '07, I'd target a maximum price before TT&L of $16k, after rebate. But you should shoot for lower than that because the dealer probably wants to get rid of the '07s and may have some special incentives from Hyundai--so maybe start at $15k and see what they say. If they let you walk out, you'll need to come up some. For a '08, without the financing rebate, you have a lot less room to work with but their offer of $17,995 + TTL is ridiculous IMO, given that the invoice is $17,154. For a '08, I'd target a maximum price of $17k without rebate and $16,500 with it (this is before TT&L). At $17k, they still can make money because of the holdback and (maybe) any special incentives they have.

If they balk at these offers, you can try other dealers or maybe a different car, e.g. there's great deals now on '07 Sonatas, with big rebates--you could get a Sonata GLS with moonroof for around $17k or maybe less I'll bet.

Good luck!

porsche4me

thank you so much Backy. The car being offered is an '08 but if there isn't that much difference, I'd rather take the '07. So anything around $15K for auto/preferred options would be a great deal for an '07, correct? And the same goes for $16,500 for an '08. But then how come others on this board are talking about getting '07 for around $14K? Are they just getting a stripped down version of the car? BTW, any dealer recommendations around McKinney?

backy

Some people are in the right place at the right time, e.g. a dealer needs another sale at the end of the month to make a sales incentive. Or they live in a state like CA that has a $2000 rebate on the '07 Elantra. Or maybe their car doesn't have a moonroof.

$15k would be a great deal on a '07 equipped the way you want it, but don't be surprised if your dealer balks at that. Unless there's some special incentives, they would be taking a loss on the car at that price. Something closer to $16k is more realistic. $16.5k on the '08 with the financing rebate is only a little below invoice, so that's realistic.

alamocity

The tax breakdown for Texas is as follows:
Sales Tax: 6.25%, DMV Fees:$127.05, Doc Fees: $50.00 (May be higher at some dealers), Texas Inventory Tax= .002543 X Car Price. Be aware that some dealerships in TX may also add on an advertising fee to the price which as I recall for the 07 Elantra was $431.00. I live in San Antonio and both the Elantra and Sonata are selling for higher prices than in Houston. You might want to look at the recent postings on the Sonata prices page to get an idea of what they are going for in parts of TX.

kd9

Is this a good deal or not? I don't know.

Anyway. Bought an 08 Elantra GLS AT from a dealer in MD for $15600 OTD. This car has the popular equip package(xm radio, etc that i have no use for). Car itself was $14900 + Tax/Tag + doc fees.

The guys that I dealt with were friendly even though they tried to squeeze as much profit out of this car as possible.

porsche4me

Based on the advice I have received so far, that seems like a super-fantastic steal! Look at the preceding 4-5 messages to see what I mean. When you AT, you mean Automatic Transmission, correct?

porsche4me

2008 HYUNDAI ELANTRA WI PREFFERED EQUIPMENT PACKAGE
QUICK SILVER / GRAY INTERIOR
MSRP $17,975.00
(our price)$15,499 A/R + TT&L
MUST FINANCE THRU HMFC

Backy - This seems like a fantastic deal considering I was all set to haggle to get the price down to $16.5K but with just a couple of phone calls, the price is already at $15.5K. Not sure I understand anymore what a good deal is vs what a standard price for the car is at the moment.

For the financing thru the HMFC part, can I say yes, pay 1 installment and then just pay the loan off? I read about a guy doing that but was wondering if others have done it as well w/o any financial penalties.

porsche4me

If I interpreted your numbers correctly, a $15K car is around $16.1K to $16.5K OTD, depending on whether I have the roughly $400 advertising fee. It helps just to have the ball park of basically adding another grand to whatever the price is to estimate the total damage. Thanks, I appreciate the advice.

alamocity

If using the price of $15,499.00 then the drive out price should be $16,683.74 for Texas. As for the advertising fee if they charge you for it make sure they take it off the actual price of the car if at all possible, same for a document fee above $50.00. The key is make sure you get a detailed price breakdown. And yes you can refinance the loan, have read in the smart shopping forum that if it is done sooner than ninety days the dealership takes a hit on it so don't mention it to the F&I person when processing the paperwork.

kd9

yes, automatic. It is a beautiful silver car.

if someone around DC/MD/VA needs to get it, contact me for the dealer info. dealing w/ them is better than dealing w/ toyota guys.

backy

You should confirm what car the dealer is offering. There is no such thing as a "Preferred Equipment Package" on the '08 Elantra. What you are probably looking for is the "Option Package 03/AC", i.e. Popular Equipment and Sunroof Package, with automatic transmission. If that is what they are offering you, for $15,499 + TT&L, and their fees are reasonable, I'd go for it if I were you. Make sure it's new and not a loaner or demo.

You can pay the loan off early; read the finance contract re the Early Termination clause to get details. But you can tell the dealer's finance person what kind of rate you can get elsewhere and maybe they'll match it.

scorp200

I feel like I might have gotten ripped off

I just looked on Yahoo autos and it says that $16,500 is the national average, estimated market price. I don't know if that includes the S&S package. That's what I paid OTD including my trade for $1,500. I'm really upset all of a sudden because my car needed major repairs and I didn't want to buy today. I did access Edmunds from the web on my cell phone but I couldn't get to the forums. Tell me the truth, did I get majorly ripped off? I bought it in North Carolina. Thanks...