2013 and Earlier - Hyundai Sonata Prices Paid and Buying Experience

mango06

For my car (dr. cinamon) the "loaded" was the sunroof/radio package.

miamixt

"It's just funny. We were talking about $18000 OTD as good deal for LOADED LX one week ago, now it seems more than 20K for a LX still a hot deal. Are we talking about same year Sonata (2006)?

Even I didn't claim $18K OTD, and "godeacs" or "mango06", I might have confused the two, did get a good average price, with some free extras thrown in!. The price posted as Invoice is the exact price you will find listed as MSRP on the loaded LX, before adding the only available options, and destination. I missed the $850 Sun Roof in my mathematics. Of course my Car came with that extra $500 rebate, and that $550 Stereo which sounds great, but isn't worth half the price. And I paid very little Tax, as the Deal involved a trade. And a funny thing about that trade... I received more Cash on the Trade than when I bought it New. As "bobad" pointed out, unless something "freaky" happens, you can't do much better than TMV. That is very true, my deal was originally based on a loaded GLS. It's almost like I bought from Bozo's House of Hyundai. I have 3 written Purchase Orders, and still can't believe that I had the final word in turning the deal upside down.

Thanks to all off you too. I won't post prices again here, but please, consider the 2006 Hyundai Sonata, it's a great Car!

miamixt

"Loaded" is with all available factory options, which I personally wouldn't spring for for. The standard LX options are a pretty full package as is. The only thing I envy in the LX is the power leather seats. I actually consider 17" wheels, sun roof, 6 CD changer, and climate control to be liabilities".

Come on now, just the increased resale value alone is worth it!. Plus there is only one power Seat, you knew that. As far as the rest of your statement, too bizarre Bob!. Sounds like LX/Limited envy. :confuse: :P

jack47

The largest Hyundai dealer in NJ, Brad Benson, is offering 2006's at 30% off. And he shows 200+ in inventory. Sounds almost too good to be true.

BTW, as a volunteer EMT I once arrived on the site of an overturned car (which had been speeding) that had an open sunroof...the driver was decapitated.

jack47

Thanks for the heads up.

cellneuron

That's one reason I hate sunroof.

I also saw two leaky sunroof. The owners have to find some plastic wrap to cover the sunroof areas once it is rainy outside.

stellaw

If $20835 is the price you paid before TTL, I would say it is too high. I am in houston as well.I bought the same car(LX with package 3) on june 4th at $21671 before rebate, which turned out to be $18771 before TTL ( I got $400 extra graduation rebate). I paid $20500 OTD though. The dealer calculated tax based on before rebate price and add some documentation, inventory tax etc.

bobad

Sounds like LX/Limited envy.

I...WANT...YOUR...SEATS...MUST...HAVE...LEATHER...

miamixt

Actually it's anything but that, and I do stick to the seat, but it sure looks nice. I had read somewhere that Hyundai Leather is cheap and poorly done. Nothing could be further than the truth!. Or is that farther than the truth?. :shades:

eagle2a

Hi everyone.

Just bought a "like new" 2006 GLS 4 auto Sonata from the owner of a dealership, his wife's driver. Only had 1,650 miles on it.

I would like to find out when it was manufactured. Can anyone tell me how to locate this information from the VIN #?

Sorry if I am posting this in the wrong forum. However this one seemed like the best place to ask this question.

kyfdx

Not sure how to do it from the VIN... But, most cars have that information on a sticker on the driver's door jamb..

Usually, the month and year... not sure if Hyundai does that, but you should check there first..

regards,
kyfdx

David Ehrlichman

no trade, but owner loyalty included (500.00)

When I said loaded, it is with all the options...leather, sunroof, power seat, radio pkg.

mojo_lo

Looking to purchase a new 2006 Hyundai Sonata GLS V6 in NorCal. Do you guys consider the following calculations to be reasonable and attainable? I have seen some posts where people were getting deals like this, but others where people were not. I think the main difference in the deals people are getting is that some people may be aware of the Factory to dealer incentive while others may not be.

Invoice: $19,231

Factory to Dealer Incentive: $1,923 (approximately 10% as per http://www.theautochannel.com/news/2006/06/05/010045.html and http://www.autoblog.com/2006/06/06/hyundai-slaps-major-dealer-cash-on-the-hood-o- - - - f-the-sonata/ )

Holdback: $384 (2% of the Total Invoice, .02 x $19,231)

True Dealer Cost: $16,924

Allow 5% Dealer Profit: $847 ($16,924 x .05)

Regional Adjustment: $37

Destination Charge: $600

Total: $18,408

Less Factory to Customer Rebate: -$2,500

Adjusted Total: $15,908 (before TTL)

eagle2a

Thanks for the response kyfdx.

I looked on the door jams and could find nothing about a manufacturing date.

It looks like Hyundai is really cranking up the discounts to sell Sonatas. I paid $18,200 to the dealer "out the door",(except for 3.25% OK tax and $125.00 tag and transfer fee I pay to the state) for my used GLS with 1,650 miles on it. However the dealer, since he was getting it for his wife to drive, had put the Premium Package as well as window tinting and a rear lip spoiler on the car. None of which I was really interested in except the power seat and window tinting. I did not want the V6 but rather the four-cylinder GLS, nor did I want the leather seats so passed on the LX(now I am wondering about my decision after reading all the great deals others are getting on this model). It is very hard to find this GLS configuration where I live. So rather than struggle with it any more I took the deal.

The car looks great since it is all-black and has dark window tint with the aluminum wheels. I like everything about driving it except the armrests. Hyundai needs to do something with their armrest configurations. I am anxious to see what kind of "Real World Gas Mileage" I get.

I certainly appreciate Edmunds web site. It was most helpful in aiding my perspective on this purchase. Edmunds is much better than Consumer Reports $14 price report that I payed for, which gave me false information, and did not tell me about the $1500 rebate!

So thank you Edmunds!

mojo_lo

Actually, I would rather have the 4cyl also due to mpg reasons. The bigger rebate on the V6 is tempting though.

Here are my calculations on the 4cyl '06 GLS...they're not very far off the V6's price. Once again, before I get quotes and do negotiations, feedback would be very much appreciated. Not sure if the factory to dealer incentive would be about the same on the 4cyl vs. the V6.

2006 Sonata GLS 4cyl

Invoice: $17,896

Factory to Dealer Incentive: $1,789 (~10%)

Holdback: $357 (2% of the Total Invoice, .02 x $17,896)

True Dealer Cost: $15,750

Allow 5% Dealer Profit: $788 ($15,750 x .05)

Regional Adjustment: $34

Destination Charge: $600

Total: $17,172

Less Factory to Customer Rebate: -$1,500

Adjusted Total: $15,672 (before TTL)

jack47

If you're happy that's all that counts.

In my case, after carefully considering the merits of the '07 Camry (I own a '95 now with only 41,000 miles)I decided to go with Hyundai...as the local dealer only had a few left in the lot (I want either black or dark cinnamon)so I decided to wait for the '07's to come in. The salesman said they had 45 coming in and, he believed, there would definitely be a rebate on the '07 (claimed the scuttlebutt was that Hyundai wanted to beat out Honda in sales for '07) ...even though the 07's MSRP is below the '06.

seriusblack

Another point to consider is the dealer incentives Hyundai is offering to its main dealer. Its been posted to this board before that Hyundai offers up to $2000 dealer incentives on the Sonatas. Might help explain why some dealerships are selling at significant price below invoice.

mojo_lo

yep, without knowing exactly how to calculate this incentive, I just took 10% of the invoice price. Not sure if it's actually a flat $2000 for each Sonata or a percentage of the MSRP/Invoice/Actual Sale Price or based on the trim level (GL,GLS,LX)

It is the Factory to Dealer Incentive: number above.

bhmr59

It's explained in this article.

http://theautochannel.com/news/2006/06/05/010045.html

eagle2a

Hi Jack47:

I liked the Dark Cinnamon as well but this deal was all black so that is what I own.

They are offering a $1000 rebate on the new 07 but only on the middle model(can't remember the name)and the top of the line, now called Limited. But be careful as the 07 GLS is now the bottom of the model line. You can only get a V6 in the middle and top of the Sonata model line now.

They can not leave well enough alone, it would seem, when it comes to naming models.

mojo_lo

bhmr59, thanks for the reply, but I already provided that link a couple posts ago.

i think you guys aren't thoroughly reading my posts. i'm just trying to run my numbers by you guys to see if there's anyone more in the know as to how long the dealer incentive is valid for and how exactly it is calculated. the two articles i linked to only provide averages, but no real breakdowns. they state that the incentive has reached $2,000, an average of 10.5% per Sonata sold. However, they don't state if the amount is more for an LX than for a 4cyl GLS. I'm sure this isn't easy info to come by, and most likely it'll be a guessing game.

eagle2a, that is interesting info that the GLS is the new bottom model. definitely something to think about.

shakerkcna1

In the OH area, the lowest quote I am getting is $16,600 + TTL for a GLS V6 with no added options and with $2500 rebate. Any thoughts would be appreciated. Thanks.

bhmr59

Mojo, after re-reading the second paragraph in the article a few times, I take it to mean that the incentive is $2,000 per vehicle. This averages the 10.5% that was mentioned since the dirrerent trim levels have different prices.

The $2K per vehicle would track with the $2500 customer rebate on the 6 cyl trims. i.e., buy a "base" LX or a "loaded" LX and the customer rebate is $2500 for either car even though their prices would be different. $2500 compared against different prices would yield an "average" % reduction.

mojo_lo

bhmr59, your analysis makes sense. thanks, i tend to agree with it.

shaker, theoretically, i think you can do better. please read my info on the GLS V6. i figure a good price to be $15,908 (before TTL). of course, all this means nothing if the dealer is not willing to bargain. you should really try to get a lower price no matter what though as numbers don't lie. in the next week or so, I should know first hand.

carsdirect offers the V6 GLS for $16,931. Keep in mind that Hyundai is giving major incentives to dealers to get the 06's off the lots - a $2,000 incentive is no small amount. They want to hit hard with the 07's.

ctc1

Thats about what I paid for mine back in November. I thought it was a good price then and still do.

vhreb123

Does anybody know if there will still be rebates for the 2006 Sonatas after July 4?

vhreb123

The Out the Door price for a 2006 Hyundai Sonata GLS is $18,638.81 in Birmingham, Alabama. I got the price from Hoover Hyundai and they said that today was the only day they would sell invoice. In fact the salesman was talking as if I was getting the best deal anyone has ever gotten and a deal like this might not come again.

Here's a list they gave me which broke down the price
Retail Value--19,995
Savings--999
Sale Price--18,996
Processing fee--399
Sales Tax--727.31 (9% tax)
Title fee--16.50
Net Sales Price--20,138.81
Factory rebate--1,500
BALANCE REMAINING--18,638.81

bhmr59

Almost guaranteed that the 2006 rebates will continue beyond July 4 (what a great day, July 4th!). The question is how much the rebate will be?

The newly introduced 2007's already have a $1K rebate for the 6 cyls.

bhmr59

I hope you didn't swallow that "today only" BS.

That "deal" is not good. And it appears that they only discounted the car $600 from MSRP (savings $999 + bogus $399 processing fee = $600).

Check the MSRP vs invoice, then consider the manufacturer to dealer incentive of $2,000 plus "holdback" and you will see that this is quite a good deal...for the salesman & dealership.

bobad

vhreb,

$18600 is a fair price out the door. You can possibly get them down $500 more, but it will be like pulling teeth. If they won't go down any further, see if you can get lifetime free oil changes. The salesmen don't mind dumping on the service department a bit.

ambhoo

I was quoted $20,359 out the door price for Sonata LX V6 by a Metro Detroit dealer. Is this a good deal? let me know what other people paid for LX model.

vhreb123

Thanks for the reply bhmr59 and bobad . I think I will wait until more of the 07 inventory comes in so the salesperson I talked to just might give me a lower price. He said he wouldn't even go down a penny more today.

By the way, do you think I could better on the price for a 07 GLS (automatic)? I checked the invoice price on Edmunds and it was $17,107 and the MSRP was $18,295. Also on the Hyundai website, the comparably equipped price for the 07 Sonata(auto) was $17,795 and 06 was $19,995.

miamixt

"Also on the Hyundai website, the comparably equipped price for the 07 Sonata(auto) was $17,795 and 06 was $19,995".

Without double checking your figures (due to a lack of interest) are you saying that the new 07 Sonata costs $2200 less than the 06?. That is unbelievable. In fact I don't believe it!

sc00bs

Im looking at Edmunds here and it states that there are several rebates available until 07-04-06. Two listed I wondered if they are seperate or if they are combinable.

$1000 Customer cash must be combined with 3.9% - 5.9% APR and vehicle must be financed through the manufacturer's captive finance company.

$2500 Customer cash may not be combined with 1.9% - 3.9% APR.

So does that mean that you can or can't get both???? I also noticed that incentives are being given of $2,000 to the dealers on these cars (it is not listed however on edmunds but on other websites).

So if I am getting this right, on a GLS V6,

Invoice is 19,231
Hold back 429.90
Factory to Dealer 2,000
Dealer Cost of Vehicle 16801.10
Fair Profit over Dealer cost 504.03
Negotiated Selling price of Vehicle 17305.13
Destination Charge 600.00
Consumer Rebate 2500
Final Cost to Customer 15,405.13
(if the above rebates are combinable then that changes to
14,405.13 plus tax.)

Am I figuring that right??

vhreb123

miamixt, look on the official website at hyundaiusa.com.

This is what I did to get the information.
1.Click on Sonata tab at the top. It should bring you to the main 2007 Sonata page.

2.Now click on Compare Competitors tab at the bottom or you could click on the Comparison tab at the top.

*You should now be at a different page

3.The 07 Sonata GLS should already be set at the top. All you have to do now is set the year of car, model, make, etc. Here's what it should look like:

2006
Hyundai
Sonata
GLS

4.Now click on Select Vehicle.

5.Next click Compare Vehicles to the right.

*You should be at a different page

6.Lastly, at the top there is a tab that says Comparable Pricing.

*You should now be at a different page

This page should list everything including the comparable equipped price which is labled Total Equipped Price. If you followed everystep you should see the price difference between the 06 and 07.

miamixt

Edmunds is the greatest, but your answer lies here:

http://www.hyundaiusa.com/financing/specialoffers/special_offers.aspx

And there is no way in the World you are figuring that correctly :confuse:

miamixt

You should be a Teacher!. Your post was very precise, however for 2007 they are not the same Car. Your 2007 GLS has a Manual Transmission, no trip computer, and no lumbar support. You need to compare the 2007 "SE", to the 2006 GLS. And you will "SEE" $21,595 vs the 06 GLS at $19,995.

vhreb123

miamixt, you are right about the manual transmission, trip computer, and lumber support. However, the 2007 Sonata SE has a V6 engine so I don't think that the 07 SE and the 06 GLS should be compared.
Also, a little bit of improvement is made to the 07 Sonata GLS such as a panic button/alarm, a final drive ratio of 3.44 on the 07 GLS vs. 3.77 on the 06 GLS, and it gets 34 mpg on the highway versus 33 mpg on the 06. I know these changes are minor but you will see them if you clicked on the Detailed Comparison tab next to the Summary tab.

lightfootfl

Sorry, but the 9% tax can't possibly be only 727.31, it just happened to catch my eye and I can't get past it :confuse: .

vhreb123

lightfootfl, the State Tax in Alabama is 9%. But my dealer gave me this sheet that had the price broken down such as into retail value, fees, tax,etc. Next to the price of Sales Tax it said $727.31. I know that 9% of a $18600 car can't be $700 so isn't state tax and sales tax the same? :confuse:

By the way, has there been anyone that purchased a 2006 Hyundai Sonata GLS in the Birmingham, Alabama area? I don't think I have seen anyone post any prices from Alabama at all.

vhreb123

miamixt, here is the exact web address for the price list you can make on Edmunds for a 2007 Hyundai Sonata GLS

http://www.edmunds.com/new/2007/hyundai/sonata/100751612/prices.html

Next Step. Select-- Price it with Options

**The automatic transmission is already equipped

**Also, the package you should select is Option Group 02 Premium Package. It includes vehicle with standard equipment, power driver seat, steering wheel mounted audio controls, driver's lumbar support, automatic headlight control, trip computer, chrome window belt moldings and metalgrain/woodgrain accents

*The 07 Sonata GLS equipped with the package should better compare 06 GLS

Next step. Enter zip code
Next step. Select Color
Next step. Click on TMV Pricing Report

This is the price I got
MSRP-$18,895
Invoice-$17,707
What Others are paying- $18,549

*Your price could vary with zip, destination, etc.

*You could also price the 06 Sonata GLS and compare on edmunds
The price I got was-----
MSRP-$19,995
Invoice-$18,496
What Others are paying WITH ($1500)rebates-$17,421
What Others are paying WITHOUT rebates-$18921

*You see, the MSRP and invoice is higher on the 06 GLS than the 07 GLS even WITH the optional package
(Personally, I would't need it so the price will overall be lower in all categories)

--However, you will probably still get a much lower price on the 06 GLS because the 06 has rebates and and 07 only has a $1,000 rebate on the V6 models. Also the model year for the 06 is ending so dealers are willing to work with the price to get rid of them. :shades: It wouldn't really make sense to sell 06 models MSRP now would it?

ambhoo

Can any let me know how much they paid for 2006 Sonata LX V6 fully loaded in Michigan.

vhreb123

bhmr59 or anyone, can you please explain to me what "holdback" actually is? :confuse:

kyfdx

Here you go...

Holdback

iper

hi, ambhoo, I am also at michigan and in the market for a LX..the lowest price I got from email is similar to yours.. but I think it may be possible to get it on $19,500.. but please keep me posted if you get a better price.

thanks

vhreb123

kyfdx, Thanks! :shades:

sc00bs

And there is no way in the World you are figuring that correctly

Yikes I calculated it using carbuyingtips spreadsheet. Just plugged in the numbers and that is what is spit out. I would say that the Edmunds numbers do not give the info about the "hidden" 2,000 off. So most people are paying 17385 and not using the 2,000 to their advantage because its a hidden incentive. So if you take that 2k off the price of edmunds it brings you to the price the spreadsheet gives you.

So do you use the extra hidden 2k in your calculations or not???

miamixt

"So do you use the extra hidden 2k in your calculations or not???"

Well if you are asking did I, I would have to say no. Was I aware of this practice, yes. Could I have done any better on my LX, no, not a chance. And remember what Edmunds says:

"Contrary to what some consumers think, the holdback itself can't really be used as a bargaining chip. However, knowing about it might help you get a better deal on a new car."

But if you live anywhere near vhreb123, I would take him along. He's one interesting cat!

miamixt

First, as it says, its from the Factory to the Dealer, not to you or me!. Second, if the Holdback is 2%, on a $20,000 Car, the Holdback would be $400. Where is everybody getting $2000, that would be 10%?

ambhoo

hi iper, I was quoted $20,360 for Sonata LX V6 w/o premium package, they want $21,750 with premium package. What is the best price for LX V6 fully loaded that I can settle for.