2013 and Earlier - Hyundai Sonata Prices Paid and Buying Experience

94hawkskin

I know that he used an inflated sticker price and I knew the real MSRP was 19,995. That's why I told him I wasn't paying for his rustproofing. I paid 17,550 after the 1,500 in rebates, which is all that I qualify for, So essentially I paid 19,050 before rebates. He did not add the destination charge twice but did add the 500 in advertising fees.

Kirstie_H

Not necessarily true... in a lot of places, the car isn't yours til you drive it off the lot.

kirstie_h
Roving Host
Host, Future Vehicles & Smart Shopper discussions

lemonade2

you can not pay it off the next day because it takes about a week for HMFC to get it into their system and assign it an account #.

Call HMFC every day and by using your SS# they can let you know when your loan is in the system and the payoff amount. If you financed $20,000 at 8.9% it is costing you about $5.00 a day to carry the loan.

enviro2006

College Park Hyundai - place looks a little seedier than some of the fancier dealerships but they have very good pricing

averigejoe

Sounds like a legal opinion. Are you licensed? On what do you base that opinion?

kyfdx

You don't have to be a lawyer to know what's legal and what isn't... You know the saying: "Ignorance of the law is no excuse".

A contract usually isn't valid, until consideration is given...

Meaning.. you can sign all the papers you want, but until you give them money, and they give you the car... the deal hasn't been consumated....

So, until that happens.. the car really isn't yours... That is how it works in the real world..

regards,
kyfdx
Host-Prices Paid Forums

copperhopper

You are absolutely right, you don't need to be a lawyer to know what is legal and what is not, BUT you do need to check your facts if you don't know before you give out legal advice. The fact is that once the contract is signed by both parties, there has been consideration sufficient to support a contract. The consideration is the promise by the buyer to buy and the promise by the dealer to deliver the car. Consequently, when you sign the contract, the car is yours! It is possible that there might be a "cooling off" period in some states that would allow a buyer to "back out" of the deal, but there is no federal rule to that effect.

kyfdx

Well... I'm not giving legal advice...

But, just as an example... In your scenario above.. if either party decided to back out.. How would you enforce the contract? Go to court to sue for specific performance?

Most people are looking to buy cars... and most dealers are looking to sell cars... Not sue each other.. If no payment has been made, and delivery has not occurred, then there is no practical way to enforce the contract, signed or not..

It happens hundreds of times daily in the car business..

And again... this isn't legal advice... But, there aren't many states that have a "cooling off" period for car sales that take place at the dealership location... Once you pay for the car, and drive it off the lot.. it's yours..
(You know.. instead of not paying for it, and not driving it off the lot... then it isn't yours).

regards,
kyfdx
Host-Prices Paid Forums

averigejoe

Hahahaha.

And how about a Sonata GLS for $11,588 if you qualify for $1000 Hyundai loyalty and $400 college grad and $500 military rebates?

Ad is in Phoenix paper.

averigejoe

Has anyone here paid less than invoice minus rebates?

And, if you think your are wanting to get out of a contract, or that maybe someone has failed to perform his obligation to you, it would be much more wise to consult a local lawyer than to rely on opinions of HOSTs of message board forums.
Why? Because the posts before this one are most assuredly not accurate and are misleading.

(Signed)
Been there, done that.

bhmr59

I don't understand your message.

I, too am not an attorney, however I think people are missing an important point. The signing of papers is a contract to purchase, subject to certain conditions each warrants. If something were to adversely affect the condition of the vehicle (seller's obligation) or the payment (buyer's obligation) the contract could not be executed.

The contract for the sale is finalized when both parties fulfill their commitment (buyer conveys real money and seller delivers the product as promised).

averigejoe

You know what they say about opinions, right?

Anyway, I'll file yours in the "not accurate and misleading" folder, along with the rest.

Just don't go do something stupid relying on guesses posted in message boards or chat rooms.

But, more to the point, in the short run, the Sonata has now real competition near its price. When the car is a few years old and we know how warranty claims are handled, and what the resale will be, we'll have a better idea of whether it really is the bargain it seems to be.

bhmr59

And what are those opinons, sir?

rroyce10

..... Kyfdx HOST is dead on the money ... no physical delivery and there's no deal ...

The dealer needs the "actual" delivery to go into effect to make the contract go into effect ... all a buyer would have to do is call the lender and tell they never took delivery, lender squashes the deal - period.

That said .. once you take actual physical delivery and it's over the curb ~ then you're an owner ....

Terry

averigejoe

Hahahaha.
Read and filed.

And how does the price of a Sonata compare to a similarly loaded Fusion? Or Altima?

bhmr59

Nice technique.

You were wrong and tried to bully your way through it and you failed. Sounds just like a Liberal to me, especially the bullying & failure part of it.

Put that in your dopey pipe & smoke it.

averigejoe

Hahahaha.

At least go read a book. Or something. No need to go through life like that.

The Sonata has a better price than any other similar sized car.

bhmr59

Hahahaha.

Another topic change. Good going.

The Sonata is better priced. Glad to see you're somewhat back on topic. I don't check this site to look for sarcastic and implied credentials to give authority to misleading opinons which are stated as fact.

Yes, the Sonata is better priced and in my opinion a better value than the competition. Others hold a different opinion. That's the purpose of this forum, to compare these cars' attributes. It is not to slam any particular car or try to insult another person's posts.

94hawkskin

Didn't mean to start a Supreme Court case, but I did go back today and pick up the car and I absolutely love it. I paid 17,550 for the V4 GLS after 1,500 in rebates and I feel like both parties were happy with the deal (I know I am. Had it not been for Edmunds I would have probably paid at least 2,000 more for the car (Usually very bad at this type of thing). I probably could have saved a few hundred more dollars, but I feel like a got a bargain the way it is. THanks for everybodys' valued input in this forum. And I tell everyone looking for a car to check this site out first.

averigejoe

Another happy Hyundai owner. Enjoy!
Sounds like you had a nice buying experience and made a great deal too. Buyer's remorse sucks. You avoided it. Congrats!
If you attach a letter designation to your 4 cylinder engine, make it an I-4 instead of a V-4. When viewed from the end of the engine, your car's cylinders line up in a straight line, like an I. If you had cylinders on both sides angling up from the crankshaft you'd have a V-4. Very few cars have had V-4 engines.

averigejoe

If you are shopping for a Sonata, try this: Test drive the cars. Choose one you like. Let the salesman make his pitch. Calculate what is $499 to $1999 (your choice) less than invoice minus your rebates. Then tell the salesman its your firm offer and you won't pay more. Sign the offer but give no $ with it. Tell the salesman your offer is good until the end of the business day, since you are visiting other dealers, but he can call you any day to see if you are still in the market. Then, if all layers of the sales staff refuse your offer, leave. And don't ever admit that you are only considering the Sonata, even if it is true.
Then, each day, repeat that at another dealer within 50 miles or so until you get tired or get your car.

On another note, for at least a beginning idea of what terms to use when trying to discuss car sale contracts, look to the Uniform Commercial Code. You'll find some general contract law in there too.
Maybe you'll understand it, maybe you won't. But at least you might misuse fewer words after studying it for a while.
For any specific contract dispute you find yourself in, you'll have a better chance winning if you consult a local lawyer.
Avoid pain. You don't try to put fillings in your own teeth, right?

(Ignorant is not the same as stupid. So no offense intended, ok?)

averigejoe

Huh?

Oh yeah, if you want lots of headroom and legroom for less $$, Sonata is about your only good choice.

us2fly

Just took delivery of Golden Beige LX w/ no options in Chesapeake, VA. They had to get the car from another dealer 100 miles away and when it arrived the windows were etched, so I guess you could call the etching an option. Sticker Price was $23,495 which included $600 Destination Charge. Virginia TTL added $750 and we qualified for $3,4000 in rebates, so the out the door price of $19,450 was $7 higher than the Edmunds TMV. Anyway, seems like a good deal to me, what sez the board?

backy

Are you saying make a firm (final?) offer of $499 to $1999 under invoice, before any rebates are applied? If so, how many dealers do you think will say "yes" to that kind of offer, since it will be below their cost even including holdback? How did this process work for you when you tried it on the Hyundai dealers in your area?

averigejoe

Yes.
Maybe not many, but you only need one.
Perfectly.

backy

Sorry if you already posted this, but what was the firm price you gave to dealers (i.e. how much under invoice, before rebates) and what was the dealer that bit on it? How many dealers did you need to talk to?

averigejoe

See details in previous posts.

backy

Well, actually I did look, and I didn't see any details about your buying/negotiating experience on the Sonata, that's why I asked.

zen2

This might work, if there were any dealers within
50 miles. But since I had none within 50 miles,
I tried only for invoice. Of course, those areas
that have more than one dealer within 50 miles
probably have that phony 500 dollar advertising
fee, which I didn't pay, so what is the difference?

And I'd like to see you try this with Honda or
Toyota.

zen2

My windows are etched. I told them I didn't ask for
that option, don't want it. I didn't pay the 299 for it.
If your sticker price included this, then you could have
done better. If it didn't, you did about average.
But, hey 3400 in rebates, that makes a good deal.

But, why ask now, anyway? Too late now, if you took delivery. Enjoy your car. I really liked that color,
but the only one at the dealer had some strange vibration
in it that I didn't want to deal with. So I got my
3rd choice, steel gray.

zen2

This is similar to the theory about walking
up to 1000 women and straight up asking for sex,
huh? One might be desperate enough? Good luck.

94hawkskin

Buyer's remorse sucks. You avoided it. Congrats!

I have felt zero Cognitive Dissonance since I bought this vehicle. I am 100% confident I got the vehicle I wanted. I originally wanted a Camry or Accord, but after reading the Vs. thread I figured I would test drive the Sonata. The Sonata was not only a lot more affordable, but also was every bit as good if not better than the Accord or Camry. With all the extra features the Sonata brings I am glad I had an open mind. Everybody owes it to themselves to at least test drive this vehicle.

stockmanjoe

I've never heard of a V-4.

stockmanjoe

I think you can get 500 below invoice before rebates. I can't see much higher - but you can try!!

averigejoe

Nope, but there have been others, most notably, Saab.

stockmanjoe

I agree with you. I was alittle hesitant at first but found it the best buy out there. I thought better looking than the Accord and certainly the Camry. My co-workers laughed and made fun of me. "I would not be caught dead in one" etc. etc. After I showed them my vehicle they were all singing a different tune. The were very impressed with it.

fiesta

great one, I think.

fiesta

Is the MTV price of this website before TTL or after TTL? Thanks.

kyfdx

All TMV prices are without Tax, Title and License...

Since those rates and amounts vary by state and locality, they are left out.

bhmr59

The TMV also only includes rebates "available to all." It doesn't include Hyundai's owner loyalty, military or college grad. It also appears not to include the HMFC $1,000 rebate since not everyone will finance with HMFC.

fiesta

So what kind of APR can you get from HMFC or other financial institutes?

I get 6.2% from HMFC with $1000 rebate, is the APR ok at this time? Is it easy to get APR near 5% or lower if I want to do refinance after 4 payments?

In general, 3 percentage points of APR for a 20k car worth about $1000.

bhmr59

I have no idea what financing may be available to you in your area. You'd have to inquire about that for yourself.

If HMFC costs you an extra $100 compared to refinanced rate, for the period of time involved, you'll be ahead by $900. (And $100 extra is quite high if you refi within 1 or 2 months).

zen2

MTV??

lemonade2

If you finance $20,000 at the HMFC rate of 8.9% it will cost you $5.00 a day until you pay it off. Therefore one month (30 days) will cost you $150 in interest payments.

bhmr59

Yes. $20K @ 8.9% (60 month note) has $148.33 interest in the first month. If one could get alternative financing at 5%, the first month's interest would be $83.33...so the extra paid for Hyundai financing would be $65. 6% financing would have $100 interest in the first month, making Hyundai financing $48.33 higher.

Not a bad price to pay in order to get an extra $1,000 rebate.

stockmanjoe

Price was too high too anyway - it was a blessing.

tb88

Don't forget a Tax Stamp (very likely) for a financing contract... I had to pay $38.50 here in FL.

bhmr59

Tax stamp (FL), or lien recording fee (CT) or any other name in any other state is minimal and varies from state to state.

But, good point, this nominal charge should be factored into the cost of the HMFC loan and then re-financing. In CT the lien fee is $10 I think. (But the gov't wacks us in ways you Floridians don't have to worry about. We pay personal property tax to our municipality every year. But that's for another discussion.)

Anyway, even if you have to pay an extra tax stamp (2 in all), and pay a couple % higher to HMFC for a month or so, the $1,000 rebate for financing with HMFC still saves the buyer a lot of money...about enough to pay for a sun roof if one is so inclined.

docjosh

To all... I posted this in the general Hyundai Sonata LX forum as well. After Backy's input, I'm posting it here. Read and please tell me what you think.

Steel Gray LX with package 3 (power moonroof and 6cd changer with subwoofer)!

I wanted to hear feedback. The only feedback I got was from Tenpin288. Backy what do you think? Anyone else? If Cochran's won't give me a better price, should I stay with the $21,437.10 out the door with 5.69% financing (after applicable rebates - financing, LX rebate, and college graduate; taxes, title transfer, etc.)? Or should I wait?? Unless Cochran promises me something lower, I know that I will never get Hallman's Hyundai here in Erie to go for a lower price. We discussed the price for over an hour. What does everyone think? Sorry, this is a huge decision for me to make - hefty investment anyway. I just want to make the RIGHT one. Thanks for all of your thoughts in advance.

Please keep in mind the price I list above would be my FINAL price - after taxes and everything.

docjosh

lemonade2

Don't give us the OUT THE DOOR PRICE. the only number that has any meaning is the price for the car before any rebates or taxes etc.

So give us that number...then give us a list of all the additional charges (ie: taxes title...etc) and credits (ie: rebates)

Only then can we give you an opinion