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I did quite a bit of shopping online. I found nothing near it in its class for the price. I am usually no fan of big plush cars but this one makes me see how folks could go for the BMW, Mercedes,Audy type freeway cruisers. All black with black tinted windows, it feels and behaves like a much more expensive car.
Thanks.
Steve
Steve
I test drove Sonata, Altima and Accord this morning.
Altima and Sonata were both nice rides but I just felt comfortable in Sonata..
Ride on Accord was horrible. I was literally jumping up and down when there were small bumps.
I liked features like backup camera on Altima and Accord but comfort and low noise are my highest priority.
Seems like Sonata comes out ahead overall.
I will try and make offer on Sonata.
Which Accord did you drive? The Sport model has low profile tires and possibly a harsh ride. If you try an Accord LX, the ride might be better. Maybe the tires were over-inflated (common problem from the factory). It is too popular a car to have a harsh ride...Good Luck
I sometimes drive for 600 miles a day for 3 days in a row, and the last thing I or my wife want's is to hear and feel is each little bump in the road hour in and hour out.
Give me a nice quiet Toyota or Buick type ride any day.
We can only drive the speed limits anyway as more and more Radar Traps and 'chase cars' are out there to raise cash for each county's budgets. (try speeding anywhere in Texas one day without getting a ticket.)
I do drive a Honda Odyssey and a Honda Ridgeline for specific tasks but for a family highway cruiser..never a Honda.
I was kinda expecting bumpier ride but it was bad.
I drive this road many times in my old camry and ride is much better.
May be tires were overinflated. I cannot expect people to be buying a popular car if it is so bad.
I will try to ask for the exact package.
I think Hyundai is getting anxious and wants to sell more.
I think Hyundai demand in November has increased 12% but that is nothing compared to accord (88) , camry (22).
Compared to 2011 Sonata sales are flat (no increase) but Camry and accord are up ~35% and Altima is up 15%.
http://online.wsj.com/mdc/public/page/2_3022-autosales.html
Basically Hyundai is not getting enough of the increased sales.
I am not sure if I have to guess the new models of Altima and Accord are getting shoppers.
So I am pretty sure dealers want t get their numbers up before end of the year.
I went a dealer and obtained an pre-approval of HMF (3.9% for 72 months). I wanted to make sure that I do qualify for a car loan.
I am looking at 2013 Sonata GLS with Popular Equipment Package (PEP). I have a Hyundai Elantra ($500 credit) and I will be graduating within 6 months ($400 credit). I am looking to finance through HMF ($1500 credit).
I got the following information from a dealer:
Dealer asking price:
~~~~~~~~~~~
MSRP: $20,995
GLS PEP: $725
Others: $640 (Carpeted Floor Mats: $100, Cargo Mat: $95, Cargo Net: $50, Auto-dimming Rearview Mirror with HomeLink and Compass: $250, Mud Guards: $95 and Wheel Locks: $50)
Total Rebates: - $2400 ($1500 HMF + $500 Owner + $400 Student)
TOTAL AFTER $2400 REBATES: $19,960 plus $775 (Freight & Handling) plus $300 (Doc Fee) plus $1600 (Tax and Title).
My analysis:
~~~~~~~
Invoice: $20,105
PEP Invoice: $650
Others: $540 (Carpeted Floor Mats: $80, Cargo Mat: $76, Cargo Net: $41, Auto-dimming Rearview Mirror with HomeLink and Compass: $226, Mud Guards: $76 and Wheel Locks: $41)
Dealer Holdback (-3%): -$603
Manufacturer to Dealer Inc: -$2400 ($1500 HMF + $500 Owner + $400 Student)
Offer price: $18292; No doc fee; PLUS TTL
Here are my questions:
- Does the offer price sound reasonable ?
- Right now, I am planning to go through HMF. Once I graduate (around May 2013), I am thinking to refinance to my local credit union (2.24% for 72 months). I just want to make sure that there is no fee/penalty to do this later.
- You mentioned earlier that the manufacturer gives the dealer about $2000 in the form of incentives ($1000 of which applies to financing) and the dealer decides how to divide them up. It appears that it has now increased to $2400 (HMF + Owner + Student).
- Is it worth getting the items in the "other" category from the dealer or is there any option to buy elsewhere ?
- It appears that getting extended warranty from the dealer is not economical and it is better to shop elsewhere.
The offer seems right. You can even start with 18k.
I am also looking for similar package.
Did you make this offer?
1. 2013 Hyundai Sonata GLS
MSRP: $22,325
Invoice: $21,327
Dealer Discount: $2820
Black Friday Discount: $500
Hyundai Finance Rebate: $1000
Competitive Car Rebate: $500
Net Cost: $17,505
Percentage Below MSRP: 21.56%
Amount Saved Below MSRP: $4,820
Amount Saved Below Invoice: $3,822
Cost with Tax and Registration: $19,005
36months @ 0.9% = $436.66/month after down payment
Since you are a student, you will get another $400 off. I believe you won't get both competitive and loyalty discounts so it evens out.
Dealer name ? What color ? Did it come with Popular Equipment Package ? What other accessories did it come with ?
TIA.
Could you please confirm for me the residual value and money factor for a 2013 Hyundai Sonata Limited basic? Is the residual 58% or 57%? the dealer said it went from 58% last month to 57% this month with the same money factor of .00136.
Any info is appreciated! Looking to lease this month.
Thank you!
I just saw this on Edmund's:
Bonus $ Offer ..... Type ........... Start .................. End
$5,000 ............... Conquest ......12/01/2012 ........01/02/2013
Competitive Owner Bonus Cash is available towards leasing or retail purchases to current registered owners of an eligible competitive vehicle or an immediate family member residing in the same household.
So, two questions:
What competitive vehicles are eligible?
Also, is that $5000 a misprint?
How do the incentives work? Is there negotiating for a price lower than the incentives, or is this it?
Based upon the information obtained in this thread, it appears that getting this car between $18k & $18.5k (before tax) seems to be highly possible, especially with $1500 HMF cash, $500 owner rebate and $400 student rebate.
However, I have seen two cases (post # 8651 and 8624) where this car was purchased for about 17.5k before tax.
Good luck !
About a two or three weeks ago, I had no idea about how to get this car for a great price. I read this thread (few pages starting from year 2012) and got a fair idea of the price that people have paid for this car. I also asked few questions and got it answered by the helpful people over here.
Based upon the information obtained in this thread, it appears that getting this car between $18k & $18.5k (before tax) seems to be highly possible, especially with $1500 HMF cash, $500 competitive/loyal owner rebate and $400 student rebate. However, I have seen two cases (post # 8651 and 8624) where this car was purchased for about 17.5k before tax.
Now, with the amount of information that I obtained from this thread, I am confident that I can get this car at a great price. I have made an offer to several dealers and I will post the price, once the deal is confirmed.
Got a 2013 Hyundai Sonata with pop equip pkg and mats, net, cargo mat, mud guards last week. The MSRP was 22,735 and we qualified for $2500 in rebates (1500 holiday, 500 competition, 500 vet). We paid 18,540 plus $33.50 for tags/title plus 6.5% sales tax. It's not the best deal that I've read about, but was pleased to get this locally and with minimal hassle. This was in Ohio and was about $1000 lower than what a neighbor recently paid at another dealer for an identical model. After the contract was signed, I asked the salesperson what incentives they were getting to sell this model below invoice and holdback. She replied that they were getting "advertising cash" on the Sonata due to the recent rollout of the Accord and Altima. Thanks again for all the posts!
sales thru Nov. 2012
Toyota Camry 373,479
Honda Accord 302,444
Nissan Altima 278,968
Hyundai Sonata 209,779
Year over year other cars are killing Sonata. Camry and Accord are back on top now in market share.
I visited dealer today to pick out a car.
I was going for white until I noticed how the chrome and the tail lights pop on black and red. On white the chrome just blends in.
Ruby Red looks good in the showroom especially with the tinted glass.
I test drove GLS model but refused to talk about "numbers".
Overall I see salesman wanting to make a deal.
I am just not sure how to tell them my number.
I am planning to write down all the features I want on a paper next t price I want to pay. I have not done this before so it is hard to do this verbally.
Any quick tips on exterior colors and interior colors??
Right now I am leaning toward Ruby red with Black interior.
I wanted grey interior but red does not come with grey.
Did the price include window tint?
What color are the exterior and interior?'Did you get financing from Hyundai? Any rebate?
Knowing what everyone is paying puts my mind at ease.
I can always walk away instead of getting suckered in.
I will try to get similar deal.
And your strategy of writing down a price seems pretty good. In terms of features, why don't you check out what's available on each trim at the Hyundai site so that you know the exact model you like.
It might be wise to send an email on that exact model you want to 2 or so Hyundai dealers who are closest, and ask them to give you their best price on it. But your way would probably work too.
With rebates, you might get $2000 off list price....?
Never say how you arrived at your price. Factor the incentives into your quote. Currently there are about $2000 of Hyundai incentives.
Remember the margin is huge on Sonatas.
Steve
If you have any sun at all you should get the tint.
I liked the red myself but I want grey or black interiors.
Red GLS does not come with these interiors so I might have to choose another color.
Black or Pacific Pearl are my next choices.
Shimmering white looks good by itself especially today after dust storms muddied up every car here in Texas.
But the darker colors make teh chrome and fluid design of Sonata pop even more. They will be a pain to keep clean though.
I will go to dealer tomorrow or Saturday and make an offer.
I will stay strong and be ready to walk away.
- 10-YEAR/100,000-MILE POWERTRAIN PROTECTION
- 5-YEAR/60,000-MILE NEW VEHICLE LIMITED WARRANTY
- 7-YEAR/UNLIMITED MILE ANTI-PERFORATION WARRANTY
- 5-YEAR/UNLIMITED MILE 24-HOUR ROADSIDE ASSISTANCE
The following components are covered by Hyundai for time and mileage limits indicated:
• Radio and audio systems (i.e., radio, compact disc player, DVD player, navigation system, and Bluetooth®): 3 years/36,000 miles
• Paint: 3 years/36,000 miles
• Battery: 3 years/unlimited miles (100% covered 2 years/unlimited miles; after 2 years and within 3 years, 25% cost of battery and 100% labor cost covered)
• Air conditioner refrigerant charge: 1 year/unlimited miles
• Adjustments: 1 year/12,000 miles
• Wear items: 1 year/12,000 miles (e.g., belts, brake pads and linings, clutch linings, filters, wiper blades, bulbs, fuses)
The extended warranty from Warranty Direct is about $1100 for a plan ($100 ded per covered failure visit) called "10/100 PowerWrap Plus" that covers for 10 years/100,000 miles.
I generally don't buy extended warranty for electronics. What's the general opinion on Extended Warranty for new cars ? Is it worth paying for it ? It comes to about $110 per year.
Waranty Direct:
Failure - refers to the Failure of a covered part under normal service. A covered part has failed when it can no longer perform the function for which it was designed solely due to its condition, and not due to the action or inaction of any non-covered parts. In addition, a Failure will be deemed to have occurred when a covered part has worn beyond the manufacturer’s tolerances allowed for the particular Vehicle at the mileage when the problem occurs.
PowerWrap Plus also provides coverage for the following listed specific parts:
Emission Systems: Air Fuel Ratio Sensor, Air Induction System, Air Pump, Anti-Knock Sensor, Barometric Pressure Sensor, Canister Purge Solenoid, Deceleration Valve, EGR Recirculation System, EGR/EFE Thermal Vacuum Switch, EGR/EFE Valve, Engine Oil Fill Cap, Fuel Fill Pipe and Cap, Fuel Fill Neck Restrictor, Fuel Receptacle, Fuel Sensor, Fuel Tank Pressure Control Valve (PCV), Fuel
Temperature Sensor, Idle Air Control Valve, Intake Air Resonator, Intake Air Temperature Sensor, Intake Manifold, Manifold Air Pressure (MAP) Sensor, Mass Air Flow Sensor, Oil/Air Separator, Oxygen Sensor, PCV System, Positive Crankcase Ventilation Valve, Powertrain Control Module (PCM), Secondary Air Injection System, Throttle Body Assembly (MFI).
OPTIONAL LUXURY COVERAGE: (must be purchased and indicated on the Application and the Identification Card)
GPS NAVIGATION SYSTEMS- Navigation display unit, navigation control module, navigation system wiring harness.
TV/VIDEO/ENTERTAINMENT SYSTEMS- LCD screen (10" or less), RF modulator, video cassette player with auxiliary inputs (No recording capability), digital video disc player, power converter.
PHONE SYSTEMS- Charger/cradle, microphone, speakers, phone.
INTERNET ACCESS SYSTEM- Power converter, satellite receiver, satellite dish or wireless receiver (Metropolitan areas only).
OPTIONAL AIRBAG ELECTRONICS COVERAGE: (must be purchased and indicated on the Application and the Identification Card)
AIRBAG ELECTRONICS – Airbag module, sensor(s), airbag cable/contact coil, clock spring, on/off switch.
In the end I may not buy the Sonata with the figures I have now. But just wanted to let you folks know of the good expeirence I had.
MSRP: $22,595 (plus whatever sticker is for Popular pkg + $100 for floor mats)
Sign and Drive Lease 36/12k ($0.20/excess mile -- seems high but dealer stated this is the new standard for all makes)
$2000 rebates ($1500 + $500 competitive lease)
$220/month incl, all fees, taxes, registration, etc. -- no money down at all $0, zero, zilch
Paid $220 for 1st. month and walked out the door
What do you all think of that?
Sounds better than buying.
(That is if the Mayans were wrong and today is NOT the end of the world as we know it)
The only caveats are:
1. Disposition fees (Honda has none, most other makes do)
2. Returning the vehicle and dealing with wear and tear negotiations
3. excess mileage and paying for that if you go over the allotment
Other than that, yes leasing is the way to go IMO.
Buying involves pouring money into a car after 3-5 years on an annual basis to keep it running, including, but not limited to:
Tires, brakes, timing belts, motor mounts, a/c compressor, starters, batteries, etc.
If the world ends today, it won't matter anyway.
I'll have to have you negotiate my next lease!
I don't think those numbers are doable in NJ.
I liked the seats, etc.
But Sonata numbers are s much better especially on base model.
I am looking for lumbar adjustment and I do not get it in Altima unless I take SL which is top end.
Also Sonata seats looked good compared to black plush look of sonata.
I know you get other features in Altima SV like dual zone climate control, back up camera but I do not care much for them.
I am not sure what the right price is for altima so I
I generally don't buy extended warranty for electronics. What's the general opinion on Extended Warranty for new cars ? Is it worth paying for it ? It comes to about $110 per year.
Thanks in Advance.
But I stay away from 3rd-party warranties after a bad experience I had with one a few years ago. I bought a used Mazda MPV with what seemed like a great extended warranty. Cost about $1200 but covered everything. For awhile it was great, used it a couple of times, saved maybe $500 on repairs. Then the warranty company went belly-up... never got any kind of settlement out of it.
I spoke with the dealer. He said that Hyundai does not have its own extended warranty plan, unlike Ford. I need to do some research.
I have few questions:
Is it true that Hyundai does not have its own extended warranty program ?
Is Warranty Direct a decent firm ? Are there any other reputable ones ?
What happens, if these third-party firms go out of business ? Are they not backed by any organizations ?