Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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You are also looking at published "book" values and assuming you can get that much. Korean cars are always way "back of book" cars. I wish we could get those numbers for them. This is why I honestly think the later model ones can be a lot of car for the money as used cars.
I look for the best car for my money.
My six purchases ranged between 21% and 43% under MSRP.
It is rare for a buyer to get more than 20% off of MSRP on a Hyundai purchase. Most sales are discounted less than 20% off MSRP.
I'm guessing most Honda sales are discounted less than 10% off MSRP.
What do you think?
It's probably between 9% to 15% markup for either one. But I'm just guessing about the markup from the dealership to retail customer here.
Is there also a markup from manufacturer to dealership too? I guess there has to be one there too, right? Maybe another 9% to 15% ?
How did you do that?
I made 'em an offer they couldn't refuse.
I am also looking at published book values of the Honda. Thats all I have to go on and if its one way for one I will have to presume its the same way for another.
I know Honda doesn't mark their cars up nearly that much.
How much does Honda mark up their cars?
Not meaning to offend or anything but Honda just seems to be a little to much price wise for what you are getting. Now while Honda is a good car they are not that good. I just can't see myself going Honda (or Toyota for that matter) when cars just as good can be had for less.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
So thats what you do for a living
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Well, not for a living. No.
But it's what I like to do when shopping for a car.
CRIPES...I thought I got good prices on mine but they weren't close to that. :sick:
You're going with me the next time I buy, that's all there is to it and I won't take no for an answer. I'm making you an offer you better not refuse...you see this bulge in my rear pocket, you get what I mean?
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Cars sell for what the market dictates. Cars that aren't in much demand take deep discounts in order to sell.
Hyundai must REALLT have a huge markup in order for them to discount them that much. It's all perception as to what is a good deal. If you are happy, that's what counts.
I'm glad you think Hyundai cars are "just as good" as Hondas are. I totally disagree but that's only my opinion.
Granted, they have come a long way in recent years.
As for you disagreing with me that is your right but I am not the only one that believes the way I do.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Nah, probably not. My guess is that every once in a while a dealership sells one at a huge loss.
Why would they do that? I don't know. Makes no sense to me. I did not ask why, they did not tell me either.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I'm not sure which numbers he's talking about, but I guess he means all of them depending on what kind of buyer/seller you are.
But we all know, Books don't buy cars.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
The various "books" are simply guides. Some cars will bring book values and others won't.
No problem with disagreeing with me. I know you have had good luck with your Hyundai.
I mean, would you?
With 2 trades and 2 cars to buy, the salesperson will probably be able to tell you just about anything you want to hear by taking from there and adding over here and adjusting down payments and percentage rates.
A deal like you are suggesting leaves a LOT of wiggle room all over the place. It will be easy for the dealer to confuse (to their benefit) at least 90% of the customers in a case like yours.
It would be best for you to consider the 4 deals separate from each other. Do the best you can on each one. That is how the dealership is approaching it too even if they try to hide it.
Hope you don't lose your shirt.
For instance, we once saved over 20% on a new Honda. If my memory serves me correctly, we purchased a '95 Honda Del Sol VTEC in early 1996 for about $4500 off MSRP. Imagine if this was from a lesser manufacturer, how much more we might have saved?
Checking the current incentives listed here within Edmunds, Jeep is offering up to $6000 in incentives on the 2007 Liberty. Mercury is offering up to $8500 incentives on the '07 Grand Marquis.
A local Cadillac dealer is advertising two new '06 XLRs for $15K off of invoice, in addition to 0% financing for 60 months. I know this isn't a directly applicable example, but I found it interesting. 0% APR on a $65K loan for 5 years must be worth a few thou.
The deals I posted were all current model year cars. So I guess I would have done better on price if I had waited until they were leftovers.
Oh well, live and learn.
This deal doesn't have to be complicated. Those trades are worth what they are worth.
By the time that poster walks into a dealership you will have them so scared that they will probably end up keeping the cars they already own.
Trying to help is one thing. You are doing a good job of helping that poster NOT buy a car!
But once in a dealership, he will most likely be subjected to some pressure. And the pressure will be applied to the dealership's advantage. Not the shopper's.
Wait and see. Maybe he'll report back.
Everone knows about toyota and hondas famous add on "port"
options ie: mudflaps, floor mats, mop n glow, etc. that
inflate the MSRP ! Not forgetting toyotas famous SET or
regional fees either.
Hyundai wants to move a unit NOW ! Their cars (at least in my area) don't have all that junk added on. Not to mention
the dealers aren't as arrogant with the "we are #1-You pay
this price today" like honda and toyota.
You pay a lot less for more car !
Yes the resale value sucks......
In reality that might be their best option if both cars are running trouble free.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Thats interesting if its $15K off of invoice and a $65K loan that means the total price would have been $80K. If you take off TTL you come to just under invoice for the platinum edition and over invoice for the base one.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
That doesn't really surprise me though. Mazda is kind of a sporty niche make and not a up and coming full line brand like Hyundai.
Just because you sell a lot of something doesn't make it better either.
Mazda has changed direction since it's association with Ford. The nifty little trucks they used to sell are now rebadged Ford Rangers etc. My long time favorite, the RX-7 is gone, replaced by the RX-8 that totally lost that market segment. Do they even make RX-8's anymore.
No more mini-vans etc.
1. High oil consumption a problem since the average motorist doesn't check their oil.
2. Very little low end torque with all the power up in the stratosphere. People just aren't used to driving a car that likes to rev that much.
3. Poor fuel economy for the size of the engine.
4. Can't turbocharge it without creating a hand grenade engine.
The Mazda5 is a great little minivan. You can even get it with a manual and the third row is decent. What other seven passenger vehicle in the US gets 25 mpg highway and has a manual?
My question, is it typical to price a vehicle that much higher than the books? Is this a tactic to make the buyer feel like he's getting a good deal when you knock a thousand off? I've seen posts here that indicate many dealers in other areas price their cars at KBB retail, not KBB retail plus a grand.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Kia Rondo, 7 passenger capacity, 21 city/29 highway with an automatic. Buy one for about $16,000 or less.
Oh yeah, its got a manual too... in the glovebox.
Answer is:
Yes, and
Yes, of course!
The drawbacks you mentioned are accurate and people who don't understand this really shouldn't buy one.
You can't EVER get one overheated either! They are VERY unforgiving in that regard,
Still, I never could figure out how that "beer keg" could put out that kind of power!
One word.
And it's spelled R-P-M
(and no energy wasted by reciprocating pistons, and lots of gasoline/air mix)
Ok, so that's more than one word. Sue me!
A huge savings. I just figured a $65K selling price with a $15K rebate. Based on TN taxes that puts you financing $54900. With a rate around prime which is 7.25% you would pay $10,721 in finance charges.
And before you all start screaming about 7.25% and how you would never pay that, its a rip off, blah blah blah. At 5% it is still a savings of $7266.
That is the biggest incentive I see. Mercedes has $10K on a SL600 convertible 07 model
Thanks.
I have a coupon from the dealers website for $500 ("not to be combined with other offers") and a $500 coupon from Mazda that expires 7/31.
Here are my thoughts:
- Someone recently paid about $1200 under invoice per the "Prices paid" forum - but I'm not sure what incentives he had
- I'm not sure if I would get a better deal negotiating or using the X/S Plan
- I'm worried about getting squeezed on my trade since I plan on negotiating hard. (If I dont go through X/S plan)
- The 2008's will hit the lot in Sept. Could cause some more incentive to dumpt the '07s.
I'm looking for advice. Also looking for anyone that can talk to X/S Plan vs negotiating as well as any information on the dates which Mazda resets its incentives? i.e. Monthly, Quarterly, or not on a schedule.
Thanks - sorry for all the rambling...
At the same time Merc had 12,000 dollars in support on AMG S-class models.
Oh and I would never consider a Kia Rondo just because the stupid commercials bother the hell out of me.
As far as your trade goes it is worth what it is worth. It makes no difference how you buy the car.
i hate them too :mad:
-thene :P
Be happy - the dealer is probably very anxious to get rid of it.