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I just traded my Blue Bunny (2007 Rabbit 2-door) even-up for a 2007 Sonata GLS I4 AT with the Preferred Package (power seat, trip computer, leather wheel with audio controls, auto headlamps, etc.). Has 37,000 one-owner miles (not a rental), new Kumho Solus tires, and looks and drives like new. It's steel grey, which is my favorite color from the 2007 MY.
I loved the Rabbit, had it only 8 months, but we just got rid of our Chrysler minivan and found my wife needs a little bigger car, and one that is easier to climb in and out of (she has a bad back and knees). Our other car at home is an Elantra. So I decided if I could trade the Rabbit even-up for a bigger car, I would do it. I found two Sonatas with exactly the same color and equipment, but one had the new tires and the other a bit fewer miles with original rubber. The dealer with the 37k Sonata finally agreed to the even-up trade after haggling; the other dealer stuck firm at $400 + T&L. Both dealers were pleasant to work with, professional and up-front, no tricks. I bought the car from Luther Hyundai Kia in Bloomington, MN.
I've always liked the Gen 4 Sonata and almost bought one a couple of times, including last spring when I bought the Rabbit. I think it has a great combination of room, quiet ride, and buttoned-down style for the money. And it will be a better car for my wife to haul the family around in, and even for the occasional long trip.
If anyone is wondering, yes, I did take the car for a long drive and checked for any unusual suspension noise. I drove on my favorite "test track", a back road with washboard surfaces, potholes, and curves. No strange noises from the suspension. I did notice a little tire whine on a textured freeway surface, but I've heard that kind of noise on the same road on other cars so I chalk it up to normal tire noise.
The "Internet special price" of the Sonata was $11k, down from $12k. Loan value is $12.3k per my bank. I bought the Rabbit last April for $11k + T&L, and put zero into the car except gas, so my cost of ownership for the Rabbit was pretty low. Book value is around $9500 for trade-in. Plus it's due for its 40k service, which would have probably cost a few hundred bucks, while the Sonata shouldn't need any major maintenance for 2-1/2 years based on how far we drive in a year. And it has about 2-1/2 years of factory warranty left.
Happy driving!
Any suggestions are appreciated
Mobo
Many congratulations. Again, that's an amazing price on a very nice car.
Any other thoughts on the car so far? I assume you do not have the dreaded suspension thunk that has plagued a few Sonatas over the years?
Lithia ad is still up until tomorrow. Good Luck.
No suspension thunk and the shifter is smooth like butter, much nicer than a 09 I test drove 6 months ago.
Mobo
I have the '09 GLS manual, I paid $14,500 back in April. You got a great deal!
You're right, the shifting on the '09 GLS is not as smooth as one would like. The clutch takes some getting used to as well. It feels like you have to let the clutch out 6 inches before it will catch. After a while I got used to it.
Invoice: $23,909
Internet Price: $21,371 (includes $1,000 rebate, but not $500 loyalty as far as I can tell)
total deduction off invoice: $2,538. $1,000 from Hyundai rebate, the remaining $1,538 from fitzmall.
is this the benchmark to look for at local dealers, about $1,500 off invoice price?
MSRP: $25,550 (including destination fee)
Dealer Price: $21,300
Rebates: $1,000 + $500 loyalty
Purchase Price: $19,800
Out The Door: $19,800+taxes+$150 document fees
I think i got a good deal from the dealer. They said they got a special incentive from Hyundai and were able to discount aggressively
Congrats on the new car! I think you got a great deal!
MSRP 20,750.00 Out the door 17,624.80
the selling price was $15565.00 sales tax 1671 and 388 for license Doc fee Etc
This was at Mcgrath on Grand
Purchase Price 15,988.00 + T,TL
Out the door 17,308.01
Lease for Only $219/mo for 36 months
w/ $999 DOWN!
http://www.hatfieldhyundai.net/specials/new.htm
Out the door - around 18,300.
Just my thoughts.
Thanks
I have some add'l info for 36mo/12k per year:
GLS 60% .00048
Limited 58% .00095
ymmv
The selling price depends on your diligence in dealing with different dealers until you get the best price. Dealers like to make you think a "lease" price is different from a "sale" price, but it's not.
I am going to a dealer on Saturday and I will post my results afterwards. So far, I'm getting the 2011 Sonata Limited w/nav for cost (invoice).
Agree completely with your lease assessment. Dealers make it intentionally confusing for most consumers. I have a spreadsheet i use for lease calcs. If you give me your msrp and invoice I can come up with a pre-tax payment for you based on a few scenarios. FWIW, there is a dealer in Columbus, IN advertising 2k below msrp on limiteds - i don't see how they are doing that unless there is additional dealer cash available now on 2011 Sonatas...
$2,000 below MSRP...this is like the 3rd time I've read this. Maybe I'll try and push my dealer on Saturday. I'm not much of a wheeler and dealer though. Thank goodness for the internet and e-mail! I never have to speak to them until I am completely satisfied.
FWIW, msrp 26150, sell 25000, 36mo, 12k, 58%, .00095, 595acq
payment $328.41 (pre-tax)
For the other guy: IMO, the main reason you don't want a large down payment is in case you total the car in the first week of a 36 month lease. You would lose all of your down payment with gap insurance paying the remainder.
...now I don't want their offer... I want your dealer...lol. What is your zip code? Maybe I can request a quote through Sams Club again with the NJ zip code and see what I get.
My Limited is w/nav so the MSRP is a bit higher, but they are giving it to me for the invoice. I'm going to ask for the Sams Discount of $250 when I go there on Sat. I don't own a Hyundai so I won't qualify for the additional $500.
MSRP: 20,620.00 w/ destination
Sale Price: 17395
- Rebates: 3500 (including 1k rebate for trading in a Toyota)
= 13895
+TTL: 1096.07
= total drive-out: $14991.07 (before the trade in, which took off another $500 for a 94 camry barely running).
I'm not a fan of making a downpayment on a lease so I work on getting a good selling price. Here is my info:
MSRP: $28,250
Selling Price: $25,618
Ad & Acq fees: $837
Lease: 36mths/12k - $345/mth
I'm looking for a Limited in Northwest Ohio, neither of the two local dealers have a Limited. What dealership did you use and did they have any other Limited models?
Also, do your homework. Know the car you want and color and get the invoice price. Shop at a couple of dealers and tell them you are checking with others. I don't ask for lease specials...I find a good selling price and then I get the numbers for the residual value and interest so I know what the monthly price should be.
On Saturday I had my laptop with me so I knew what the number should be...that's how I was able to catch them on trying to stiff me $350.
I'm a wuzz when it comes to dealing with people in person. I knew what color I wanted and had my pricing ready but somehow I let them swindle me out of getting my color I wanted for another that they had on the lot. But I'm not happy so I'm trying to work on getting the color I wanted. I don't have possession of the car and because I went through Sams Club the manager said I have to be "completely" satisfied for them to get their commission or whatever. So I'm trying to use their terminology, that I'm not "completely" satisfied so that they can get my car.
Plus, I looked online today and the Sams Club's site said that "if the dealer does not have the vehicle you want, you can ask them to order it for you. They will do this at the same price that they would sell you a vehicle off of their lot."
On Saturday, they told me they found my color in Chicago and that I would have to pay to get it here. Now I'm seeing that that's not true...so we'll see how they respond.
msrp 25405 reduced to 21605 less 3900 in rebates to 17705. Less trade of 7000 for 05 Camry plus tax 12,503 otd.
7700 off sticker!!! MSRP 25.4k, sell price 17.7k, please explain how you did this?
Best i can do is 6200 off msrp and that is with the $500 military coupon.