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My credit is average however I have a cosigner with a perfect 850 credit score so I assume that will qualify for the highest tier credit. I'm looking at putting about $4000 on a cap cost reduction (although perhaps lower if it isn't necessary, but I can spare the money in any case). The MSRP on the car is $29,865 with the navigation package although I don't know what the invoice is or what the negotiated price would be so I'm just asking for a rough estimate using a conservative number.
Thanks for any help you can provide.
Thanks in advance for the help!
Alec
I'm getting a Black/Black Limited 2.0t w/ Navigation for $3000 down ($3535 out the door) for $275/mo tax inclusive.
Honestly I thought it was going to be in the 300s so I was surprised that before I even started negotiating the price was lower than 300. I think the first number they gave me was 287 or 290 tax inclusive.
I'm ready to finalize this deal on Monday, but still think/ feel there is some room for negotiation. I will appreciate your comments / suggestions. here are the details:
Term: 36 months
Miles per Year: 12K
Down Payment: $0
MSRP: $26,380
Sale Price: $23,367
Fees Rolled In: Everything is rolled in the only out of pocket is the 1st payment
% Residual: 55%
Money Factor: .00031
% Sales Tax: 8%
In addition, I will be trading-in my 97 Nissa Altima (GXE) - dealer is offering $1,000.
So far, we negotiated via email and the last figure I got is $308 / mo.
Any and all comments/suggestions will be appreciated.
Thanks.
I have a quick question about the Sonata Turbo's residual value. I know that it's 59% for the Turbo SE w/o Navigation for a 12k/year lease, but what is it for the Turbo SE with Navigation (same terms)? 57%?
Nobody seems to be interested in that one so I haven't seen it posted.
Thanks in advance for the help!
I also agree with kyfdx even more when he said that this does not constitute legal advice. I'm definitely not a lawyer.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Using that selling price and an MSRP of $29,865, I estimate that this car would have a 36-month, 15,000 mile per year, zero down, pre-tax monthly payment of around $339.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Sonata SE with 15,000 miles per year are .00031 and 55%, respectively.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Assuming $1100 out of pocket (dmv/doc/bank acq/1st month)
But practically speaking, I probably don't need to worry about a casual visit into Canada to visit my family, even if I get into a accident. On the other hand, if I was planning on driving to Canada to import crack or rob a bank...well, in that case I'm not worrying about what Hyundai thinks about it.
How many months is your lease?
How many miles do you get per year for mileage?
Do you remember what money factor they used?
Do you remember what the residual percentage was used?
This is a time sensitive request, so if you have a minute to reply that would be great. I want to go to the car dealership tonight and could use your information very well. Thank you.
Did you have a trade-in?
What was your sales tax percentage?
If you can think of any other import information, please let me know.
Looking forward to your reply so that I can take the information into dealer.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Awesome deal!
Can you please tell me $303 is with tax?
Thank you!
24mo/10K mile residual and money factor numbers please?
Thanks in advance.
Can you let me know please if Hyundai is supporting 24 month (10K or lesser) leases on any of the Sonata models? I'm interested specifically in the GLS or SE automatic. If so, would be intrested in the residual and MF.
If not, any guidance on who else is currently supporting 24 month lease deals for cars in the $15K-$25K range would be much appreciated.
Thanks, as always.
I'm in NYC, and was quoted the following yesterday from a Westchester dealer. Can anyone confirm they're providing me a) correct residual/MF info for Feb, and b) a good deal?
2011 Sonata SE 2.4, no nav, no options, black/black
12k/year, 36 months
MF: .00031
Residual: 56%
(they said the program didn't change from January)
MSRP: $23,560
Sale Price: $22,000
Tax (NYC): $869.23
Acq Fee: $595
Paying tax, acq, first month up front: $1,719.76
Monthly payment: $255.53
Appears to be a good deal...I'd like to squeeze out another $500 from the sale price, but they're holding firm and can't get a match anywhere else in close proximity.
What do you think?
So, I am paying $23.48 more a month than your deal, but on the other hand I get the Turbo and NAV/sunroof in return and I spent about $300 less out of pocket. I know its not apples to apples, but I think it's still a good comparison.
The biggest difference between our deals seems to be the residual. Back in December '10, the residual on my 2.0 was 60%, and I believe the 2.4 was 58%...so it seems like quite a drop in the residual (down 2%) after only two months if your figure is correct. Also, my MF was .00068, resulting in an interest cost that is about 1% higher than your .00031.
Based on the residual and MF you are quoting, I would like to see you get a monthly price of about $225 (maybe $240 at the higher end). Are you talking to a high volume dealer?
My local dealers are selling even base SE's for over $2k off sticker: $21,400 for an SE 2.4 and $22,900 for an SE 2.0T. Of course, prices vary depending on where you are. I'd look at truecar.com and Edmunds own TMV to see how you should negotiate the price of the car.
$230/month, including tax!
450 dollars at signing... included first month payment and dealer + registration fees...
what do you guys think?
It's a GLS w/PEP2, floor + trunk mats and IPOD cable.
Seems to good to be true as we were getting quoted $193 for the Elantra. We walked in to lease the Elantra but they had none in stock and said it might be weeks before they get more.
My question is, would I still be able to get a deal somewhat similar if I wait, or should I jump on this deal early and eat the 2 weeks?
Thanks in advance.
The 2011 Hyundai Sonata Se 2.0t
$2,000 Down
15k miles year
$269.00 Plus tax
Do you think is a good deal or not ? Or should I wait for the presidents days sale ? Thanks
I'm interested on the same exact car .
Is that deal with fees and taxes inclusive and was there any money down ecxept the first month .
I got a deal for 269+ tax with 2K down.
Let me know what you think please
Thanks
2011 Sonata SE (Black/Black), no nav
MSRP: $23,500
Sale Price: $21,400
36 mths/12k
Down: first month, tax (westchester, ny), new plates, acq fee = $1800
Monthly: $240
FYI....I could have gotten a very similar deal for the Turbo given the higher residual on the Turbo right now, but have seen too much talk, including another Hyundai forum (and confirmed off-the-record by the dealer) that the Turbo's real-world gas mileage seems to be 10mpg on average worse than the SE (hovering at 20ish for most drivers). In fact, while I was doing my deal I overheard a Turbo owner talking to a service guy about having that very issue.
When you leased from Cali did you pay cali tax or nv tax? how about the plate?
thx
I was able to get a Black on Black Turbo SE with Navigation for $311/mo after taxes with 15k. $0 Down $0 First Month! So I only actually have 35 payments. I'm very happy with my decision, I love the nav unit(blows away what I had in my BMW, Idrive). Love the car and think I got a pretty good deal.
Hyundai of Bradenton - Bait and Switch, stay away
Hyundai of Wesley Chapel - Amazing service, no hassle!
The Cali dealership gives you a "Trip Permit" to drive the vehicle across state lines. You are supposed to go immediately to the DMV to register the vehicle. We actually drove around in Cali for a few days after we got the car and then waited a day after we got back to go to the DMV.
Whats great about this is you can actually, finally get more financial options.
2011 Sonata Limited Turbo - no nav
MSRP - 27,950
INTERNET PRICE - 24,900 - no clue why INTERNET but whatever
rate - .00031
residual - 57%
12k miles
$0 down
------
$337.10/month
What do you guys think?
Where are you located? Do you know if there is a destination fee included?
If so, how much?
I see you have $0 down - do you have to pay anything at signing such as 1st month's payment, acquisition fee, etc.?
I just signed for the same car, except with nav & sunroof and I'm wondering what "fees" they are charging you - ? Thanks!
This is Sonata LIMITED Turbo with NO nav, but sunroof comes by default
MRSP.....$27,950.00
PRICE....$25,400.00
REBATE....$500.00
TAXES........$1869.63
ILL DOC FEE.....$156.08
NEW PLATES......$219.00 you get them on the spot
RATE........... .00031
TERM...................36 MONTHS
RESIDUAL.......... .57
PAYMENT.............$337.10
using the calculator I get $294/month, so I have no idea how they are getting $337/month. Followed up with them to get more info, but I specifically requested that all fees be included the first time. Obviously no surprise that I didn't get the info I wanted. Waiting for a response from them now. If i get $294, and please tell me if this is even possible, then I am 100% picking this up.
the dealer told me that the calculations for monthly payment are done by their system, and whatever i am using is wrong.
was also told that I would have the 1st payment due at signing.
Keep in mind that I am no expert on this, I've just done A LOT of research, and I dealt with about 8 dealers before I purchased my SE 2.0 w/ nav & sunroof - so I've heard it all - most gave me VERY different answers and numbers so it is very important to find the best dealer for you. Just some comments:
- Be careful with a dealer who did not give you all the fees broken down the first time you asked (unless you're comfortable with their reply). Did they say before that it would be $0 "drive-off"? Why did they not tell you about the 1st payment due at signing?
Ask what else - exactly - you will have to pay to leave with the car the day of signing - security deposit? DMV Fees? Acquisition Fees and/or Doc Fees? You should know what each charge is, and whether it will be rolled into the loan.
Do your payments include tax? Sometimes they'll let you infer this, only to tell you it will be higher when they include tax (at siging of course). That could explain the difference in your numbers.
DO NOT accept some vague answer about how they calculated your payments - ask them to send you the exact breakdown of all the numbers - if they do not or ignore your request - MOVE ON.
And you should know that a dealer can always lower your price even more if they choose - my dealer paid my first month and all DMV fees (they were not rolled in to my loan), so I did not give them a penny the day I signed.
Learned a lot through these forums so I think that the more dealers I will talk to, the better deal I will get. At this point it's fun actually, because I know the numbers and how to push them around instead of being a receiver of crappy treatment.
Thanks for the insight, and I will keep updating my status.
was offered
$265 month 35 months
12000 miles
265 at signing
Trading 2006 sonata lx owing 4900 in good shape
said was giving me 12000 for my trade
should I keep looking?
I think the key part missing is the drive off.. Acquisition fee is missing from your list of fee that the dealer has to charge you (a few hundred).. And the key is whether you have a zero drive off (i.e. all the tax and fee roll into your monthly payment) or you are paying all your fee upfront.. If you have zero drive off, I think the deal your dealer proposed is pretty decent.. If not you are right to walk out... Dealer can struture a deal with any payment you want so long as they can also charge you whatever upfront fee.. So it is important to know what the drive off is to evaluate the deal..
2011 Sonata Limited Price: $25,725
Nothing at all down total payment comes out to 409.28/mo with tax
your price is higher than MSRP, the dealer was probably laughing after he gave you that quote
i recommend that you read this forum with threads starting in january of 2011, thats what i did, and it gave me much better idea of what i should be expecting
go to truecar.com and see what people are paying for this particular car in your area