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One more very stupid question. Can I get tax advantages from trading in my current car in California as well? The dealer I met today told me that I should pay sales tax for the price of new car($27,200 * 8.75%)even though I trade in my Accord.($16,000 was the dealer's suggested trade in value.) Originally, I thought I need to pay tax only for the difference($27,200 - $16,000). Is it really true in CA?
Unfortunately, I believe that the dealer is correct. CA does not allow the value of the bartered item to be deducted from the gross sales price of the new purchase when calculating sales tax.
Cost of new car +
Sales tax on price of new car +
Title and registration (CA DMV web site can tell you this cost)
From the above amount deduct the cost of your trade
According to the CA satatutes,the trade in amount cannot be deducted from the price of the new purchase for sales tax computation.
3 questions:
1) Do you think I can get another 1K reduction?
2) I really want XM radio. Does anyone know when the dealers start getting the models with satellite radio?
3) Also want nav but since the Azera does not come with this feature, how does the portable nav get installed? Is it one of those flexible arms that stick to the windshield or are there other options?
Joel,
Hyundai has joined forces with Garmin and Hyundai dealers now sell the Garmin NUVI 360 portable NAV system. Suggest you negotiate with the dealer to include the NAV free as an incentive for you to buy the car.
BTW, a Hyundai Accessory Web Site shows the 360 on sale for $591.99
I don't have a NUVI 360 because Hyundai and Garmin didn't team up until after I bought my NAV. Mine is a Street Pilot i5 and it came with a windshield suction mount as well as an adhesive backed mount for the dash (I never used the adhesive mount because I didn't want to do anything that might deface my dash). I did use the windshield mount for awhile but then ordered a friction dash mount which cost $26.00 from the Garmin web site. The friction dash mount is much better than the suction windshield mount. Also the friction dash mount is legal in both California and Minnesota whereas the windshield mount is illegal in both of those states.
The car price was roughly 24,300 and my total OTD price was 26,100.
Good luck with your purchase!
P.S.
One tip I would like to share is do not rely on emails. (Am I the only one?) I've been relying on it heavily, and the deals got me nowhere.
If you are focused on 06 Azera, find the dealer list (about 20) from Hyundai USA website and start calling them up. They will respond with what color/trim they have in stock. (Be careful if it was a demo model. You should get further discounts.) You should be prepared to be flexible with the colors as well. If you happen to like the color they posses, just offer them your best-case OTD price and ask if they can match it. Typically you'll be 2k~3k off, but don't worry. Some dealers will explicitly say that they can't beat it. Let them go and focus on the ones that replied positively. You'll have a much narrower list to concentrate and will not spend several weeks in the cold visiting one dealer to another. (This place is below 0F these days..)
My two cents.. hope it helps.
There is nothing to install. A GARMIN Friction Mount that will fit the NUVI 360 is model (010-10908-00) w/Mounting Arm. It is a portable and adjustable mount with a no-skid weighted bottom. Because the mount is portable you can use it in more than one family car or in a rental car. You just place the base wherever you want on the dash. It won't slide around or fall off. You can lift it up off the dash any time you want and put it in the glove compartment or take it with you when you leave the car.
What is the difference between the Garmin 360 and the 660?
Congratulations!
Sounds like you got a good price. Can't believe how much of a difference there is in taxes and fees.
Good Luck!
This Site does a comparison. The 360 is the one that a Hyundai dealer can sell you.
The 660 has FM transmitter so the sounds come thru the stereo system. It also comes with the traffic receiver built in as a standard feature. The display is slightly larger.
I have not spoken with anyone who has actually used either the 360 or the 660.
I would still prefer an in dash unit with all of the features such as nav., blue tooth, Ipod support and display, as well as a good sound system. I would also want it to operate using the steering wheel remote switch.
thank you
Hyundai will probable offer incentives on the Azera shortly.
I do not believe that you can purchase a Limited without a sunroof.
My bad.
Sorry about the incorrect information, although I have never seen an Azera without a sunroof.
thanks again kgat and bob.
One Powder White Pearl SE, and two Ebony Black Limiteds.
Hard to understand that none of the three vehicles, the only Azeras they have in stock, have any of the optional packages:
04 Option Group 04 Ultimate Package $2,550 or
02 Accessory Group 02 Premium Package $1,550
So here are three examples of Azeras without sunroofs.
Sale Price: $25,958 (after $1000 Lease money)
Total Out-the-door : $2,000. (including XYZs.. & $500 Hyundai owener royalty rebate)
Lease Term: 30 month, 12K mile per year, No Security Deposit.
Monthly Payment: $262 + Tax. (29 times)
On the Lease Agreement, residual value is higher than my calculation, and finacing charge is less.
Other competing dealer told me HMFC will reject the deal...
Of course, you might want to wait until the last couple days of the month, as deals tend to get better as salesman strive to maximize their monthly sales numbers.
There is a Hyundai rebate on the Azera in the amount of $500.00 for the month of February.
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So, no rebate on the 2007 Azera at this time I guess.
Just re read the rebate offer, and you may be correct. The $500, although listed on Edmunds and other sites as a February rebate, may be just a loyalty discount.
The dealership explained me that the HMFC reviewed the contract and made corrections.
The revised contract has some new numbers. Few of them are not effecting me at all. However, there are two items will cost me eventually.
(1) The Deposition Fee of $400. It was 'N/A' on the original lease contract. I am planning to return the car at the end of lease term.
(2) Excess mileage charge was changed from $0.18 per mile to $0.20. It is small, but...
Should I sign the revised lease?
If it were me , I would NOT sign a revised contract.
The dealership would probably not give you a revised contract if they found that their profit was too great.
I'm sure that the lease was checked by the Sales Manager and Finance Manager prior to them delivering your car.
Unless the monthly rate is very low, and you are a very low milage driver, even $.18 per mile for excessive milage is high. Most leases that I have had in the past, were structured at %.10 to a maximum of $.15 per mile for the excessive milage.
Many dealerships absorb, or build the return fee's into the monthly lease fee.
yourtheir car).However, you can negotiate with the dealer to absorb some of those costs. Because, the other option is you walk away from the deal. Will they be willing to knock $400 more off the price? You won't know until you threaten to kill the deal.
The one option you don't have? Ignoring them, and assuming your contract is valid.
regards,
kyfdx
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I'm in the market to buy a new car and just saw the Azera. Looks great, roomy, and Hyundai has a great warranty. However, my wife likes the Kia Amanti, which also appears to be in the same size car family with ample room. Can't say I am crazy about the Amanti's styling, but it does appear to have a nice V6 engine and good list of standard features. Both vehicles are in the ballpark for me price-wise; but I don't have any feel on Kia as a company... but do have relatives who have Hyundai's (Sante Fe), and seem to like them. A big positive for me is quietness -- I don't like a lot of road noise in a ride. One thing I have read about the Azera (in the forums) is that there has been noted a "clunk" noise from several people. To me that is disturbing to hear that occurs on a new car. Appreciate any input anyone can provide relative to the comparison between these two cars.
btw -- if I'm way off-base between the two, go easy on me as this is my first post :-)
Acquisition fee, disposition fee, excess mileage charge, excess wear and tear, security deposit, capital cost reduction, down payment ... good God, just buy the damn car (and pay cash).
I disagree with your position
about having to sign a new contract.
Hyundai can't simply disavow a signed contract entered into by an authorized dealership at whim, especially if funds have been transferred and delivery has taken place,
The transaction has been consummated. One party cannot unilaterally alter the agreement.
I looked at Amanti, when I had my Hyundai XG350, and I even liked the XG better than Amanti (ride, performance, quality). My 07 Azera is another world above my old XG, although the XG was a better car than critics who hated it styling would accept.
I'd bet that language is in the contract, also.. I'm not giving legal advice (as I'm not qualified), but I have leased quite a few vehicles.. The contract isn't done, until it is approved..
Which is no different than a finance contract. You can sign the deal at the dealer, take delivery of the car, and they can still come back and say they can't get you financed at that rate... even after all parties at the dealership have signed.
The thing to remember? Whatever you think is "right" won't matter... The car belongs to them, not you.
regards,
kyfdx
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Except for the exterior, interior coating I fell for($599), the otd price was 30,023. which included the 7% Sarasota county FL sales tax,title and registration. The dealer was Jenkins Hyundai in Bradenton,FL
My only bargaining chip was the identical car on Ebay offered by Great Lakes Hyundai in Streetsboro,OH for27,483 plus a$275 documentation fee(plus,of course, taxes , title and shipping) Jenkins added the routine $600 charge for whatever. I drove the car home (33 miles) at 75 mph before reading the manual which suggests babying the car for the first 1200 miles.
Thanks to all the contributers to these forums for their many insights.
Sticker price: 30,520
Options included in sticker price:
Floor mats - 85
Cargo tray - 90
Discount from MSRP - 1,568
Dealer prep - 199
Sales tax - 1,829
New tag, title (good for 12 months)- 222
Out the door price - 31,204
Price comparisons (includes discount, floor and cargo mats; excludes tag, title, prep, and sales tax):
Edmond's price:30,253
Kelly price: 30,106
My comparable price: 28,777
The Azera is an excellent value and on par with cars costing 3,000 to 5,000 more. I highly recommend this car to anyone who wants comfort, features, and value.