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Comments
That price sounds way too high.
You need to know the invoice price for that car. The Edmunds site can provide you with that information.
You need to get all the details before you can evaluate the deal. Real MSRP, Invoice Price, Discounts, Rebates, etc...
A fair deal would be the invoice price minus factory rebates, but you can do better if you are good.
Any thoughts? Hellloooooo (echo, echo) :confuse:
I've been watching inventory of my local dealership. Their FWD inventory is simply gathering dust. My theory is that the Hyundai shopper is opting for a loaded AWD Santa Fe over a FWD Veracruz, especially since they are rebating the Santa Fe.
One more interesting observation. When I bought my Ridgeline 2.5 years ago, everybody asked about it, especially in parking lots and gas stations. I really thought this would happen with the VC since it's new and rare. Nobody has said a word to me about my VC. It's like it's invisible. Maybe they think it's a Lexus RX350
I recently went to a Mazda dealer to test drive the CX-9 (sweet engine, cramped 2nd & 3rd rows) and was told a similar story. All the dealers assumed buyers would mostly want the mid-range models so they mostly ordered those, but buyers wanted the loaded models so there was a shortage. They switched ordering priorities for the '08s and I'm sure Hyundai will do the same.
I'd prefer the AWD, but I'll go ahead w/the FWDs if I have to. I need to wrap this up this month and the '08s probably won't show up for another couple of months. I'm also concerned the '08s will have fewer dealer incentives since they're just coming out and the supply will still be tight as demand rises with increased marketing exposure. The next window to save $ probably won't be 'till the holidays (dec.)
Will you be paying full price for the '08?
Who's the PR rep you communicated with at HyundaiUSA? Do you have direct contact info?
Also most folks I talk to have never even heard of the Veracruz which doesn't suprise me since there's been very little promotion. I see more ads for the Santa Fe and consequently a lot of Santa Fes on the road.
I've got a quote for a black '07 Limited FWD/Ultimate Package/Premium leather for $32,750 (deliv. included). My thinking is given the quoted price which does include the DVD won't be cheaper on the '08
Am I wrong?
So the value proposition for the Veracruz is a bit diluted, since the price advantage isn't all that great, especially for a Hyundai. You get a bigger vehicle with the Acadia, the ability to get a NAV, those big dual sunroofs that people seem to like, all for just a bit more than the Veracruz. But what people really seem to like is the bigger size, hence "more".
Hyundai kinda pigeon-holed itself into being the company that offers a similar quality car at a lesser price. When you read the forums, many people believe the Veracruz should be much cheaper than the Acadia, CX-9, or the new Highlander--hence the comment "especially for a Hyundai".
Plain and simple, the Acadia hit a right note with buyers: it's chunky, just like a standard SUV, but offers reasonable mpg and is big as a whale, the latter appealing to the standard SUV crowd. I think the Veracruz is getting lost in the mix--maybe a more aggressive front-end might make it more noticeable, as well as a more aggressive marketing campaign?
2007 Hyundai Veracruz Limited FWD black outside beige inside
No optional packages installed
Total out the door price: $29,000 (includes all rebates and a hefty $2000 Texas TT&L
Thanks in advance!
(minus) HMFC Rebate: $500
(minus) Additional financing rebate: $1,500
Tax, Title, and Registration: $2,000
Approximate final price: $29,000
As you can see the rebates cancel out the taxes/licenses
Edmunds TMV: $31,500
Edmunds Invoice: $30,660
Edmunds MSRP: $32,995
Dealer quote before rebate: $29,000
We have no use for that feature though, except for the $2000 rebate that comes with it. We're planning on paying it off as soon as possible to avoid having to pay exorbitant interest. For example, if I hold until maturity and then pay the lumpsum balloon payment, I'll end up paying more than $5,000 in interest, making the "rebate" a ripoff of $3000!
I think the earliest you can pay it off is after two payments. For me that equals about $250 in interest, so the effective rebate is $1,750.
What opened my thinking, was the Motor Trend article comparing the Veracruz to the Lexus. Just the title is enough to get a Lexus owner very curious. And, I mean VERY curious. Like "It can't be possible" curious. So, I read the article. Actually, about three times to really understand it. I just could not believe it. Motor Trend is a very respected, old publication, so I knew it was not a "paid endorsement."
http://www.motortrend.com/roadtests/suvs/112_0707_hyundai_veracruz_lexus_rx350
That got me thinking very seriously about the Veracruz. I Googled every imaginable Veracruz article and review. What I read really surprised me, especially from tough professional reviewers who always rate cars lower than owners.
Add to that, comments from owners that all seem to be in love with their VCs and I went from serious to very seriously considering replacing my RX300 with a VC. Especially since negative comments about the VC were almost nil.
Oh sure, I did find the one where this guy did like one thing about the car, but, that was probably posted by a nervous salesman from the competition. All other comments on the same site were positive.
As I read more and digested the specs of the car, I made the move. Yes, the car was hard to find. I wanted AWD Limited and with Ultimate. I typically keep cars about 7 years and was not interested in cutting corners. May as well enjoy my driving experience to the max.
I am taking delivery of my VC this Tuesday and am very excited.
The cars are scarce, that is for sure. Especially AWD which to me is a must in an SUV or CUV. I think Hyundai has an unexpected success on their hands. Wisely, they did a slow, muted introduction to test the water. After all, who would take them seriously stating that they were going after the likes of Toyota/Lexus with a car named after a sleepy Mexican town? Sounds like a joke.
I believe that they will have a very successful rollout in 2008. There will be more cars available, more advertising, and demand will increase in a big way for this David vs Goliath car.
Until the volumes match the demand, the dealer may still be in the driver's seat. That is why I took delivery of my 2007 rather than waiting for the 2008. Some things may be standard, but, look for it to be in the price somewhere. And, with high demand, less incentives and flexibility in deals.
On the lack of Nav System that reviewers seem to focus on - it is a gadget for most. Sure, at first you use it to find Costco that you have been to 100 times, and marvel how it gets you there. Then pretty soon it falls into very limited use because unless you are a Fed Ex driver, you tend to go to the same places when you drive and you don't need Nav to get you there.
I purchased a Magellan Maestro for $199 at Comp USA. It has every street in the USA and works amazingly well. It has same street set as Hertz NeverLost. Beats paying $1500 for one. And, I can take it from car to car and have Nav in every car I drive.
Good Luck with your VC quest.
Can u please share which dealership you purchased your fwd ltd from in NC?
Thanks in advance!
I had a chance to drive the Veracruz recently and was pleasantly surprised by everything from start to finish of my experience. If anyone's in the market for a family hauler, I would recommend the Veracruz. Go out and test drive one and see if the CUV is the right fit for your needs.
I am with you on the position of the Nav system. Personally I prefer a map and a highlighter but since there are multiples vehicles in the family, a portable one works very well.
That said, if anyone is looking for one from factory, Hyundai is due out in its 2008 model year (which should be delivering to dealers in the fall) with the availability of a navigation system.
If I showed my local dealership a price quote from an online dealer in another state do you think they would be willing to match that price on the same FWD model here?
Also I read from another forum poster that the VC FWD's are gathering dust up in Philadelphia. Does anyone know if a local TX dealership would be willing to have a GLS FWD VC shipped down here from one of the dealerships in another state where the FWD models are "gathering dust" and give me the same price as the other dealership ? If so what shipping cost do dealerships usually charge the customer to do that?
I'm not ready to go round and round with a local dealer just yet so I wanted some of your thoughts on this if you don't mind.
Thanks from an envious VC owner wanna-be!
Vehicle sales price: $29,300
(+) sales tax: $1,750
(+) title and registration: $130
(-) HMFC balloon financing rebate (8% interest rate): $2000
(-) Competitive bonus (for Cadillac Escalade): $500
= $28,680 (out-the-door)
Short of working for the military and/or being a recent college grad, I really think this is the best we could get. It took three days and going to two dealerships to get this deal.
I was originally planning to get a Santa Fe, and we got an excellent deal on a FWD Limited black/beige at $24,000 out-the-door, but for just $4,500 more I think the Veracruz is well worth it.
I'm hoping for an '07 limited/ultimate/awd for the reason you stated. Once the word gets out, the '08s will sell like hotcakes and incentives will be few and far between. I'm trying to hold out for the AWD, but I'm tempted to move ahead with a FWD as I'm worried that one may not be available before the '08s. Dealers who are lucky to get them won't trade them and they're likely to command premium $. It's seems dealers are just now realizing what they have on their lots so it's a good time to negotiate.
I originally wanted the a navagation system, but came to the same conclusion. I'll purchase a portable aftermarket and be satisfied.
How did your dealer locate your VC Limited? Would you mind revealing how much you paid or at the least if you paid a premium or close to invoice?
Actually, my Credit Union had a car buying service and it was that rep that located one. I had no luck with a couple of dealers that tried to locate one for me. Does not seem like Hyundai nationwide inventory is readily available to dealers, or, there is added hassle and loss of profit if they trade cars. My experience is they don't get real excited about trading for whatever reason. Especially across state lines.
On my own, I also found an SE AWD with premium leather and entertainment package from a dealer up in Maine. I wanted the Limited, so, I kept looking. But, he was ready to ship that one to me.
Admittedly, it cost me $600 to have the Limited Ultimate AWD transported on a flat bed truck to my local dealer. It was worth it to me to get what I wanted, and spread over the 7 years I will keep the car it is not much.
Today, I would fly to TN and drive it back to Fl. With everything I have read about the VC, it would probably be a very enjoyable ride and good way to break it in.
Florida dealers don't favor AWD because as you know, there are few hills/snow in Florida and people don't want to pay the extra $1700 for AWD. One Florida dealer told me "I can't give an AWD away." There is sand in Florida and there are beaches around my town where you can still drive on the beach and I like going where most others can't. You might try some South Florida dealers. They may just be "stuck" with one.
Another option for an AWD is "up North." Folks in the snow belt do value AWD and like that option. If you go to Yahoo Yellow Pages and put in Boston as your location and then search for Hyundai dealer, you will get the phone numbers of all the Hyundai dealers in the Boston area. Then, just call them and ask a salesperson about their inventory of AWD VCs. They may tell you about an AWD that they have, but, if another dealer calls and asks, they know what the next question is going to be - the apparently dreaded "will you trade? question." You are correct, I don't think a dealer with an AWD is going to be too willing to trade it away now that they appear to be scarce. The word is getting out about the VC.
On the price, My Credit Union works with dealers on Invoice + $100. I was lucky enough to get that deal, but, that was about a month ago. If a dealer is sitting on just one AWD, he may not be willing to take that same deal today. It might be the dealer who will be in the VCs driver's seat.
I got the competitive discount that expired July 31st for another -$500.
I am going to research that $2000 financing incentive, though I am paying cash. Someone said that you can prepay after two months on that deal. There might be other fine print. That just sounds to good.
As the 2008's get closer, then dealers may be in a softer position to deal if they have inventory. However, I don't think that there will much if any AWD inventory.
There are VCs out there, you just have to be willing to do the research and call them. So what if you have to drive 800 miles from somewhere. In that car, that should be a non issue. Or, 1600 miles for that matter.
Good luck in finding your AWD VC. I noted in post #240 that there are two.
That sounds like a GREAT deal! What part of the country do you live in and could you please share what dealership you used?
Thanks in advance.
Bought my VC from an out of town dealer since dealers here are unwilling to match, and this is not even the best offer out there. None of them has AWD in the lot even though that's what I wanted.
2007 Hyundai VC Limited FWD w Floor Mats, & First Aid Kit:
MSRP $33,140
OTD $30,100
Bob Dunn Ford/Hyundai in Greensboro, NC
No balloon financing, no competitive rebate, paid in full.
I stick on my Garmin Nuvi while driving home (80 miles from the dealership), it works fine so don't feel bad about the lack of Navi system. It was a very smooth pleasant highway drive. :shades:
Unfortunately I found an almost microscopic nick in the second row leather seat. With the perforated leather, I worry that it will tear even though it's small. The manager at the dealer said that I have to have the leather repaired back in Greensboro, it cannot be done at Chapel Hill, Cary, or Raleigh. That's a long trip back
Thanks again and good luck with the rest of you.
I think I may be on the verge of finishing my quest, but until I have the keys I won't celebrate just yet. A dealer I spoke with a month ago contacted me last night that he had located the black Limited AWD/Unlim./Prem. I've holding out for and I jumped on it. I'm just waiting for the transfer process to be verified and completed. I can't wait!
If all goes as planned, I should get it $350 under invoice which is pretty good for a scarce vehicle. I had negotiated a much lower price at 2 other dealerships ($1000 under invoice!), but neither has been able to find anyone willing to trade.
I'll let you know what happens.
Could you let me know where you are buying this?
I'm in Bay Area, CA and could n't find a good dealer yet.
Any help is appreciated.
I'm purchasing through Fred Beans Hyundai in Doylestown, PA.
They're the only dealer in the area to actually locate a black AWD limited w/ulimited/premium package. They won't tell me where they found it, but seemed they had little trouble.
It helps to have already received a competitive price negotiated (online) from a competing dealer. Look at the Hyundai site for other nearby dealerships.
Good luck!
In my insecurity, I read the brochure about 20 times, and the Motor Trend Report is dog eared. I read every possible Internet blog and review on the car. Still, I wondered whether I had made a bad decision that my years of experience should have protected me against.
How can you pay less, and get equal or more?? That usually does not compute in the rules of life.
I almost called the dealer and told him to cancel the order. Twice.
I'm sure glad I didn't. I took delivery of my VC and I am thrilled with it. Even my wife said "You REALLY like that car, don't you..." YES, I do. And she does too, I might add.
I have been all over that car trying to find if they cut corners. Instead, I find attention to detail and great thought and quality. From the seams in the saddle leather to the thoughtfully laid out dash, to the bag hooks in the rear, quality and thought is there. All the doors to storage compartments are spring loaded and open with a magical smoothness. A nice touch.
As for the ride - Excellent. Granted, I have only driven it 100 or so miles, but, I am getting ready for a trip to South Florida and really looking forward to it. That six speed transmission is as smooth as reported. I mean, really smooth.
The Infinity sound system is second to none. Your teenagers will want to sleep in the car, if not, establish a long term loan agreement. It is a cool car that they will drool over.
I have gotten 18 MPG around town with the temperature 95 degrees. So, I am happy and expect that I will do much better on the road. More later after my longer trip.
I have no regrets and am very satisfied with my VC.
If any of you are having doubts about the Veracruz, take it from a two Lexus owner and one that has bought many new cars over the years - as the Hyundai ads say - Duh - no brainer. Buy it.
It is a superb car with lots of technology, toys and safety features. It reflects thoughtful design and careful, caring assembly.
You won't be sorry....
You will understand when you get it and drive it.
I find $1000 under invoice a little hard to believe, that is probably why they can't find a car. Might be a little snake oil there. Or, bull oil.
The best to you on your quest.
My 2000 RX300 has also served me well. No complaints, just a great car in all respects.
But, vs an RX 350, the VC intrigued me. I am a toy/technology guy and I loved what Hyundai did with the VC. I saw innovation, great design and a fair price. And, also a very important thing - quality. So, I bought it.
It is a Hyundai and certainly that does not have the "status" of Lexus. But, like I told my wife, I really could care less about what anyone thinks about my VC. I will match it against their wheels anytime. Bring it on.
Frankly, probably most people will think it is a Lexus anyway.
My vanity plate - CRUZ'IN
This time last year I came so close to buying a Honda Pilot. I'm so glad I waited. Take my advice if you're on the fence don't hesitate.
Saturday, I'm taking a drive with my family to the Jersey Shore and I'm so looking forward to it.
Thanks to all who post for your help.
By the way, negotiated price was $35,175.00 + TTL. This price also included a $200 search and transfer fee. I hate fees, but since this vehicle was so hard to find, I figured it was worth it.