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I still think you are paying about $400 to $1100 too much for this car. You seem to be paying about $800 under invoice when good deals on this car are usually going for about $1200-1900 under invoice. Not knowing your local market conditions like competition etc, I would say if you could get them down at least $700 you would would be doing ok. They are making a good chunk of money on that dealer fee. Let us know how you come out. When buying a car you have to be prepared to walk out and not let your emotions carry you away. You'd be suprized how often they will call you back with a lower offer. Good luck.
2009 Sonata GLS (AT)
4-speed automatic transmission with SHIFTRONIC
Popular Equipment Package
Ebony Black (Actually no preference, just not white)
Gray Interior (Again, not a huge preference)
Buying in NH but we live in MA, so we'll have the 5% sales tax.
Dealer offered for $17969 before TTL
Are the incentives regional?
[Medium silver blue] For $16,900 with no trade in at Elgin Hyundai, Elgin , Illinois.
After taxes and Misc. it was $18,551 out the door.
We love the car and were happy to find a GLS with package 3. [convenience package plus sunroof]
It seems in this area that not many are available.
P.S.-- That price was with $2,500 in rebates.
With NJ's 7%, I had a confirmed offer of 18k OTD from Towne Hyundai. So in my opinion, 17,969$ without taxes and title is on higher side. You should be able to get Sonata GLS Auto with PEP for around 18k OTD, giver or take 200$.
Good luck!
RJ
FYI: If you get a good deal from that dealership and you buy a car, I will get $100 referral fee.
For what it's worth, in June in NJ I paid $16,730 for 09 Sonata GLS with PEP package (including floor and cargo mats and mudguards). Added to that was PA tax, tags, and a $200 doc fee, for total Out-The-Door of $18,073. Although VIN window etching had already been done, I refused and did not pay for it.
(In June, the national rebate was $1500; I did not qualify for any others.)
Good luck. It is a great car - highway mileage for me has been 36-37.
Also, you live in an area of the country that has some very competitive markets and subsequently you have access to some really good prices that many other areas of the country simply don't have. Telling someone they should not pay over a certain amount under any circumstance is just not helpful as they will think they are getting screwed when in fact they may be getting the very best deal that is available to them in their area of the country. It's very possible that someone in Ames, Iowa(just an example...no knowledge of local market implied) can not even touch the price you paid even within $1000-2000. The dealer would simply say "Well, go to New Jersey to buy your car then". They are smaller volume dealers all over that simply will not match or come close to some of these megadealers on the east coast.
You are being very helpful here. I'm just suggesting that you temper your helpfulness with a dose of realilty.
If I live in IOWA and local dealers ask for over $500 (like $2000 as you said) I would rather take a flight to NJ and stay in Ritz Carlton Hotel for a night and get my car $2000 less there. It would be much cheaper.
About my location in NH, believe me the dealer in Manchester had priced the cars $1500 over the MSRP !!!. Not all the dealers are the same.
That doesn't mean that any individual dealer will take that charge off... you just have to consider it part of the price of the car... If the total price with dealer/document fee is more than you want to pay, then offer less... or shop elsewhere..
So, $14K selling price +$500 document fee = $14,500 selling price w/zero document fee.
What sucks is thinking you have a firm price, and then they spring that extra fee on you at the end...
regards,
kyfdx
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Mr. ****** we found a bolt under car that needs to be changed and it is only $72.55 and it is vital to change it !!!!!!!!!
Call other dealers and ask for their oil change service.
That doesn't mean that any individual dealer will take that charge off... you just have to consider it part of the price of the car...
Exactly and I believe you are correct for at least the states I'm familiar with if not all. I didn't say it was'nt legal to negotiate the fee, just damn near impossible in most cases.
Most auto dealer associations have lawyers advising their members that to avoid any kind of problems with the treatment of different groups, all customers should be charged the same. For example, women getting charged the fee and men not. So to avoid any lawsuits they advise one size fits all. So, again you're right, they will probably rather lower the sale price than eliminate or lower the doc fee. This could benefit the customer because a lot of states will not allow sales tax to be charged on the fees(however Illinois is not one of them and does allow retailers to charge sales tax on the doc fee)
The "required by law" business is probably the perception of what has been told them by attorneys and it becomes a real easy alibi.
Courtsey Hyundai doesnt seem to make any good deals either, or at least when I spoke to them they kept talking MSRP.
You can also try Hyundai of NPR, they are a higher volume dealership.
Also the end of the month is best, and not just a rumor since both dealerships confirmed they were pressured to close as many sales as possible.
Ohio used to cap doc fees at $100.. so, everyone charged $100.. Now, they cap them at $250.. so, everyone charges $250.. and says that it's required by the state.. :surprise:
It's just one more way to obfuscate the actual price you pay... It's a pain, but you just have to keep your eyes open...
regards,
kyfdx
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"I don't care what is negotiable and what is not. I pay you x amount of money for the whole deal. now you can put $2000 of it for doc fee and the rest for the car or $1000 for doc fee, $88 for clean air fee, $44 for tire shining fee, $172.88 for new car smell fee, $402 for support our troops fee and the rest for the car. !!!! "
So now I am agreeing with you to just negotiate the price you want to pay and take into consideration the extra charges, be they doc fees or whatever, and adjust your offer accordingly.
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i spoke to few dealers and finally towne hyundai (joe) agreed to give me sonata v4 ltd with navigation, carpet foor mats and cargo net for 22,000 out of the door. i wanted black exterior with camel interior and this was the best i could get for my color preference.
thanks to every one especially bhmr59 and ramtajogi.
would the rebates going to be changed for better or worst for august month.
I found Town to be great people. Good luck with your new car.
When I was buying my car, I did feel that Towne Guys work for your business. I am glad that they gave you a great deal! Black exterior are bit in short supply so I am glad that you were able to find your color. BTW, Did you finance through them OR you managed your own financing? If you did finance, what APR did they offer?
Enjoy your new car and may be buy us a beer!
RJ
Please don't ground yourself. Your input was critical to scoring a great deal for my car.
Actually, both, you and m6user, have been very helpful.
Summary for all other readers:
1. ALWAYS negotiate OTD (Out of The Door) price. It doesn't matter how many fees are there in your invoice and how much are those fees, what matters is the final cost to you.
2. Read through posts in this forum and arrive at an approximate OTD price you are willing to pay.
3. While comparing OTD prices posted in this forum, keep in mind that different state has different sales tax and it can affect final OTD price by as much as 1500$, [e.g. NJ has 7% sales tax where as NH has no sales tax.]
4. Haggle and haggle hard. Be ready to walk out of the dealership. Remember a sale should happen when both parties [you and dealership] are happy.
Good luck everyone and enjoy your Sonata, it's truly an awesome car!
i have not yet gone to the dealer. the deal was made over the phone and i told him that i would make a down payment of 3000. he faxed the finance application.
with my credit score of 720 i am expecting it to be somewhere near 6.25%. what do you think. could i get a better deal.
i am going there on saturday to pick the car. i will post the break down once i receive the invoice today.
RJ
36 Months— APR as low as 5.19%
48 or 60 months— APR as low as 5.29%
66 or 72 months— APR as low as 6.19%
Good Luck!
One thing is for sure, you should definitely shop around for better APR as you shop around for a best car price. Even 1% APR can mean paying 1000$+ more over the course of the loan.
RJ
Their rates are usually better (Mine has 4.5%) and are more friendly and workable.
finally i got the car on aug 02, 2008.
thank you to all for your precious postings which helped me a lot.
here is the process. i called few dealers with the best quote shown in this forum and finally towne hyundai(NJ) agreed for 22,000. it includes v4 ltd with navigation, carpet floor mats, all season floor mats and cargo mat.
when i used to call the dealers i used to tell them that my friend had got the car for so and so amount and they would ask me for the last and first name. this created some problem. if any of you want to you please mail me torrent123@inbox.com
and i would let you know my name and number. i guess this will help you.
back to mu purchase:
i financed my car for 9.10% for 60 months for 19,000(after making a down payment of 3,000). first they quoted 11.10% because as per their calculation my credit score is 636 but on internet it shows as 684. i am not sure how they didi it. they reduced it after i told them that i have been approved for 7.5% from credit union. i could have gone with the credit union but it would take till august 04, 08 but wanted to have the car on saturday(aug 02,08), so anyway i have gone a head and got the car through hyundai finance.
here is the breakdown.
price of vehicle 22,208.49
state sales tax 1332.51(connecticut)
triVIN online process fee 5.70
reg/title 270.00
doc fee 188.00
total 24,000
rebate 2,000
final price 22,000.
hope this will help future buyers.
one important thing get the finance from credit union before buying the car.
one more thing. i feel that when i drive the vehicle at or above 65mph there is some shakiness in the steering. it this a problem with my vehicle or is this characteristic of sonata. should i call the dealer
thank you
gracious
shukriya
danyavadam
Regards,
Raju.
It is true that Car Dealer's credit scoring method is bit different. But I think 9.10% is very high. I hope you don't have early pre-payment fee, you should definitely re-finance the car from credit union at better APR.
Where did you hear an all-new Sonata was coming for 2010? I think that is highly unlikely, given that the current Sonata is only in its fourth model year and just had a major refresh. Given Hyundai's pattern of redesigning cars about every six years, I don't expect an all-new Sonata until early 2011 (2012 MY) at the earliest.
It will be a 2011 model but very little information is available at this time.
9.x is really high. You may want to Pentagon Federal Credit Union (Penfed.Org) - there rates are 4.5%.
Any one can become there member. Good luck with refinancing.
4 cylinder, A/T with popular equipment package
15,683.00
295 doc fees
$15978 :surprise:
(before 5% MA sales tax, reg, title)
The dealership first said I am not eligible for $400 graduation rebate because I graduated from non-accredited college.
then, the dealership changed their words. My college is accredited but $400 graduation rebate is only good for 07 and 08 Sonatas. (which turns out to be true, but the sales contract I and they wrote out clearly shows two kinds of rebates: $2000 manufacturer's rebate and $400 graudation rebate)
And then, they made up another pretext. The dealership said they can't get a loan from Hyundai finance because of my credit problem??? (I have 720 Fico score with one delinquency from 8 years ago) And the sent me a notice of rescission of the whole transaction. Basically, then wanted to cancel this deal upon giving back my down payment. God, good thing I found out that they could only do that within 10 days from the purchase date. (Guys, beware! there's a clause of seller's right to cancel on the back of the auto sales contract)
After all, they couldn't take my car back, and Hyundai Motor decided to pay $400 rebate instead of dealer paying for their mistake. I don't deny I did get a very good deal on this one but the way the dealership handles when they are about to lose money from a deal really disappointed me again. Very poor businesss conduct.
Thank all of you guys who helped me with this issue.
Regards, Sean