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Comments
The $1000.00 financing rebate should not enter into the buying near invoice figure.
A very low price for a 4 cyl GLS after subtracting the dealer hold back and including the $500 rebate is $17636. HMCF fininancing would lower that by $1000. The dealer is of course entitled to some profit so look for something above that figure. TTL are local costs and aren't much use here on a forum.
A very low price for a 6 cyl GLS excluding rebates is 17452. Rebates would, of course, lower that figure.
Someone please show me the error in my thinking.
mentioned here were near MSRP. Mine was about
150 over invoice, at 18000. Add the two rebates,
brings it to 2000, or 1495 under sticker. Kathryn did
better than this, and Fitzmall was selling the
GLS V6 for 17062, about 800 below invoice.
Do you really expect the dealer to sell you a car at
imvoice, and also give you the holdback? Go try
this with an Accord.
Also, you have the price of a GLS 4 cyl only
500 dollars less than a V6, when there is a difference
of, I believe, 1000 dollars in dealer cost. Why
would anyone buy a 4 cyl for 500 dollar difference?
The Edmunds invoice price of $20615 for a GLS V6 with option package 4 is the same invoice price that I figured from another source.
I contacted 9 dealers today by email/fax and quickly received 2 first offers for invoice minus rebates + $35 dealer fees + tax & license. This is the same offer as Carsdirect in my area, and it's only their first offer.
Your dealer is almost, but not quite, in the right ballpark. You may want to contact out-of-area dealers and ask for quotes from their sales manager or internet manager. If you call today or tomorrow you might find someone who is willing to deal to reach their monthly sales target. Or you can try again at the end of December...
Good luck.
Some on this board have given figures like 15,900 to 16,500 for a 4 cyl GLS. Others have given 17,500(sticker-rebates). I'm trying to find one closer to 15,900.
Yes the 4 vs 6 cyl prices are tricky because the 6 does not include the $1000 consumer rebate in that figure. It may be the better buy right now.
I agree the dealer has to eat. In a buyers market you sometimes can get a lower price so I'm trying to get him to eat a little less well at my expense. IMHO if you allow $300-500 more than the above very low figures you are allowing the dealer to eat just fine.
A very low price for a 6 cyl GLS excluding rebates is 17452. Rebates would, of course, lower that figure."
You said the 4 cyl after subtracting holdback and after including $500 rebate is $17,636. Then you said the 6 cyl BEFORE rebates is $17,452. That's almost $200 less for the 6 vs the 4 and after you considered rebates for the 4 but before considering rebates for the 6. The "rebate to all" is presently $1,000 on the 6 and $500 on the 4. So, as you typed it, you are saying the 6 cyl should cost $700 less than the 4 cyl. Was there a typo or am I just not understanding your statements?
The very low prices for the GLS 6 cyl is off. It should been about $18,446 including the $1000 consumer rebate. Add whatever amount you feel is a decent profit and aim for that.
Is anyone able to get near the GLS 4 cyl figure of $17,638 or the 6 cyl GLS figure of 18,446 EXCLUDING the $1000 finance rebate or any other rebate except for the consumer rebate?
An LX with NO sunroof or stereo upgrade for just under 20K ($19,970) AFTER tax / title / doc fees....
This includes 1k rebate, 1k financing rebate, 1k loyalty.
Anyone?
Sure wish posters would be specific w/ prices. Are we to guess if your cost includes taxes and title? If we don't have a base for comparison then it's meaningless to compare.
thank you to all who provide full disclosure.
Maybe you could do a little better; you certainly could do a lot worse. Looks like a good deal.
Yes 6% tax. I'm going for counseling now for incomplete informers. I'm standing in front of the room now and I'm proclaiming... "Hi, I'm jib4 and I'm a cronic incomplete information provider"... but I only do 9 steps in the program and leave after my first cup of coffee.
I'm going to have to do cut the number down a bit now. Thanks bhmr59.
The dealer I bought from had a $479.50 fee while the guy I walked away from had a fee of "only" $398.50.
In my experience conveyance fees are pre-printed on the sales form. However, they can be eliminated by discounting the car's price further. Fees paid to the state are variable from one state to another, but not within the same state.
My last car, a '91, had conv. fee of $79. The dealer conv. fee has gone up much more than the price of a car in the last 14 years. Conv. fee is a new profit generator for dealers. It is set by the dealer, not the state, and should be considered a part of the purchase price.
So, if you quote a price before a $50 to $75 fee and I am looking to buy a car in another state, and that dealer charges a $500 fee, do we have a fair price comparison before tax?
I've seen a $200 difference in conveyance/doc. fee within the State of CT. I bought in FL, flew down there knowing the OTD price, and drove 1365 miles home and netted over $1200 savings. Sales tax is 6% in both states (I only had to pay it once). FL dealer's fee was $90 higher but his bottom line was much lower. Just change a couple things. Say my local dealer is $150 higher than a dealer 50 miles away. I've negotiated over the phone (or however) and make a deal with the guy further away. We drive to buy the car 50 miles away. When we get there we find his bottom line is $50 higher due to the difference in the conveyance/doc. fee. I don't know of anyone who would like that situation. All state fees would be the same but the further away guy would be charging a bottom line of $50 more after quoting a price of $150 less (in addition to having to drive 100 miles round trip to take delivery).
I bought a GL 4cyl. Auto for : $17,475 - $2,500 Rebates: $14,975 + Taxes.
MSRP:$19,480(including Destination $600) - $2,005 (discount) - $2,500(Rebates) = $14,975
(Hyundai Sales Oct. 2004: 33,111 ---- Oct. 2005: 29,413)
That is a drop of 11.2% from a year ago! (-3,698 cars) Hyundai sold in Oct. from a year ago.
It would be interesting to see how November sales compare to last Nov.04!
Usually Manufacturers respond to these sales accordngly: If sales are less than a year/month before; they will increase Rebates and Incentives.
The result may be slightly off because some states don't tax the rebate amount and some may not tax the conveyance fee.
Or simpler, if you have a contract, subtract sales tax, etc from the OTD price.
Manufacturers respond to model sales, not the Brand sales.
Think back to the Ford Fairmont (ugh) and Mustang. Ford didn't lower the Mustang price because of the Fairmont.
Sonata 2006 GL-AT. Out the door 16 540 ( I got 2500 rebates).
Here it is more info.
I red somewhere: the last 2 days a the best for getting a deal-all car dealers have quotes to meet monthly.
So I did send sent some e-mails on 27 and 28, NEGOTIATE
and let them fight their own "balloon prices".
The best one was 16500 otd(rebate 2500).
I went down to the dealer. There was a few more attempts to add t+t+t. We have shaken hands - 16500. I was about to sign for 16 500 and the manager came with some $40 for...... bunch of BS.
For me, this came to confirm the nature of this business.
I would like to Thank All and "Edmunds". Would not be possible without your help.
We have a comparison before tax. All I am saying is that I think people who post prices here should break out all taxes and fees and list them separately, e.g. (Hypothetical example):
2006 Sonata GLS - no options:
MSRP including destination: $19,995
Discounted price: $18,500
Rebate: $500
Loyalty rebate: $1000
HMFC rebate: $1000
Price after discount and rebates: $16,000
Sales tax @ 6.5%: $1040
Doc Fee: $50
License: $300
Total out the door: $17,390
If you disagree with that approach, fine--let's move on.
MRSP $20,845 - no rebate
Invoice $19,280 - no rebate
Offer $19,328 - Including $500 consumer rebate
$18,444 - without sunroof
Two problems with negotiating. The advertising fee was $342 and this dealer extends the power train warranty to 20/200,000 which adds about $250. Both items could not be changed.
His original offer was MRSP-$500 rebate. His last offer was invoice +300. My last offer was the above. I split the difference between where the salesman's figure and mine.
Should I push harder or is this fair? The HMFC rebate(only one I can try for) is not included in above numbers.
never heard of that one. Wouldn't pay it if I did
see it. What state do you live in? I've bought
cars in NY, Va. and Pa. Is that something like
Additional Dealer Markup, with a new name?
I also never paid that in the DC area, just drove
a little further, where there was no Additional
Dealer Markup.
Read the contract carefully. They had left the $500 consumer rebate off.
They tried to sell a $1000 plan to extend the bumper to bumper to 100K. Not likely worth it, especially since I had to fork over $250 for the power train 10/100 extension.
The HMFC rate is high, about 9.5%. They finance 100% of the price and like long terms. Personally if you need a loan longer than three years you have the wrong car.
The rebates are taken off at the time of purchase so you don't have to wait for them.
This fee, by whatever name some states call it,is charged in CT & FL to my knowledge, probably many more states as well. While this is a BS paperwork fee to close out the deal, the dealer can negate it by reducing the price of the car by an amount equal to the fee. It is not ADM, at least in CT. It is a separate fee that the state requires to be shown as a processing fee to the dealer.
Wanna bet it was proposed by lobbyists for car dealers? Liberal legislators would have jumped on it under the guise of "consumer protection." The fee varies from dealer to dealer. That's why I suggested to backy that this fee should be included when posting prices. His reply of a full listing of all prices was even better.
I posted earlier that I bought in FL while I live in CT. FL dealer conveyance fee was pre-printed on sales contract, as it was in CT. FL dealer's fee was $90 higher, but it didn't matter because the price was about $1500 lower. FL dealer simply discounted the price more.
Years back this fee was nominal. It's become a major profit generator. Even when it was $50 I felt is was a rip off. What other product do you buy and have the seller charge you extra to process the paper work of the sale?
Your suggested price break out makes the most sense. I was trying to point out that the doc/conveyance is strictly a dealer fee, dealer keeps it and should be part of the price the dealer quotes.
I think the GLS is a great value over the GL. For about $500 you get mats (extra on the GL), fog lamps (Honda charges over $500 for those on a new Civic), alloy wheels, steering-wheel audio controls, lumbar support, automatic headlights, trip computer, chrome trim, and nicer sill plates. The alloys alone are probably worth about $500.
This is not too bad considering what AAA and
notaries charge for doing title and registration
work. Pa. is a strange state. This was the only extra fee on my bill of sale.
$1,500 difference... not $500!
But IMO, it is still a good/great value for the price...
What is even a better deal is the the GLS V6 : because for another $1,000 ($1,500-$500 [rebate difference from the 4cyl.] = #1,000; you get a fully loaded car and a lot quieter (it is not that the 4 cyl is too loud but you can still hear it!.
So, for a total of an extra $2,500 or less (if you are a good haggler) you get the best deal ever!
I wish I took that myself... but I bought mine on the spur of the moment without taking time to evaluate the difference.
But I am still happy with the GL... even though I could have been happier with the GLS!!!
Now I am really pissed off for not getting the GLS for an extra $500!
I wish I did not rush into it, before evaluating both styles!
Just curious, the actual price of the car was what? Was it $22,100 before the rebates, taxes, etc?
Don't forget the extra "solar control Glass" thrown in for free on the GLS V6
How come it is not mentioned anywhere? I just compared all trims and they say:
Tinted Windows: light light light light
I just spent $145 to tint the glass!
ps: I just looked in the Sonata brochure and there it says :Solar control for the GLS V6 and the LX!
Does that adjust to the light? Darkens when it is too bright?
On my deal (GLS v6 no packages), the Edmunds invoice including destination was $19,831. The Dealer showed an invoice of $20,431 (which included a $600 National advertising charge above the Edmunds total).
I negotiated a pre-TT&L price of $20,229 (17,229 from me and 3,000 from rebates). So depending on which invoice you believe, I either paid $398 over the Edmunds invoice or $202 below the Dealer invoice. Plus, I got a window tint tossed in.
Not bad either way. I neither believe that I was soaked nor that the dealer got rich on my deal. I don't know what to think about so many claims about negotiated prices coming in so dramatically below invoice. Frankly, I have tired-head trying to sort out what the various examples include or not.
Yeah, I know that there is a dealer hold-back but it's not that large and dealers don'readily dip into that. Through research I couldn't find any other incentives to the dealer although there may be other expense reimbursement that we never will be able to quantify.
And I am sure that there are some folks out there getting better prices than I did - and some that aren't. But what I can say I that after the first thousand miles, I feel I have one heckofa car and a great value - one that probably can't be touched by Honda or Toyota. In the end, isn't that what really matters?
He kind of laughed and then came back in with his manager. His manager said he could do the 18,000. I said I will only go to 17,400. He agreed initially, but then came back and said with the $500 advertising fee and the $600 destination charge the invoice comes to over 19,600 and then with the rebates it would be 18,100 and that they would sell it for 18,000 because they can still get a bonus.
I said I will settle for 17,600 (Don't know why) and they again agreed. I told them that I would pick the car up on Saturday and they said that for them to get there bonus that they would need to get the paperwork done tonight. After some more haggling I got another 50 bucks, 3 tanks of gas and 2 oil changes to bring my total to 17,550.
Here is a summary of everything I paid. I actually pick the car up on Saturday, so technically it still belongs to the dealership. I feel pretty confident about the price, but was wondering what others thought, since I still have time to change my mind.
20791.74 Total before any rebates and with TTL
-1500 (500 rebate and 1,000 financing rebate that I will refinance)
-1579.14 (Louisiana sales tax)
-162 TTL and other fees
= 17550 plus two oil changes, three tanks of gas, and the so called rust proofing underspray.
The total amount that I financed was 19291.74 that included my TTL.
Tell me what you think. Also, is the advertising cost for real. I have seen others on here who have said it is hard to negotiate against.
They tried to pull a fast one on you with that old gimmick of rustproofing/spray nonsense!
A GLS 4cyl- Auto4 :MSRP is 19,395 + 600 destination charge which comes to $19,995 + advertising cost which most dealers try to pass on to the buyer is around $400: Some dealers call it Prep/Documents...
It appears to me that he used an overinflated sticker price ( i believe that the stickers are manipulated and printed at the dealership!)... so one must be aware of the real MSRP by looking it up here at Edmunds/or CarDirect/ or KBB.
The19,995 you give first as sticker price above is the real MSRP including 600 Destination for a GLS 4Cyl - Auto4.
IMO this dealer played a dirty trick by inflating the price!(unless there are Options): It looks like he added destination :$600 twice!
No, once you sign the papers it is yours!
But in the unlikely event you can get out of it; and to have peace of mind, I would ask for quotes from as many dealers as I can in the area!
It can be done by phone and/or e-mail.
As a rule of thumb; the going discount price before any Rebate is applied is -$2,000 from the MSRP!
PS: most dealers give FREE Service for 1year/12,000 miles