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MSRP:$36,575 inludes ($1500 RSE, $125 mats, $205 roof cross rails)
INVOICE: $33841
PURCHASE: 32541 (incl $1100 dealer discount, $200 for no tiint for total of $1300 below invoice)
Sales Tax (6.25%)=2032
Doc Fee:50
Alarm: 195
Etch:95
Title:33
Inspection:22
License:77
Dealer Inventory tax: 71
FINAL OTD PRICE: $34800.00
Now my question is the balloon payment a good deal?
Terms as follows:
47 months of $593
Final payment of $14,264
Residual 39%
15K miles annually
Option to walk away or purchase at end of 47 months.
What is a dealer inventory tax?
Your total cost is over $42K not including your finance charges for the residual 14K, plus there is an annual mileage cap.
To me, this does not look like a good deal. What is the interest rate on this balloon deal? When can you refinance?
I appreciate the guidance all of you have provided this year on the board about pricing a new Veracruz. I seek your opinion on a deal being offered.
Florida dealer is offering to sell me a 2007 Veracruz Limited with 50 miles and with no options (i want none and do not want the added standard items in 2008 VC Limited) for $28,500.
Dealer tells me the invoice for this vehicle is $31,074. Difference between invoice price and offered sale price = $2,575.
I am satisfied with the trade in allowance and financing is almost set after having shopped around.
Does anyone care to offer an opinion on whether the $28,500 price is a fair one?
I find no record online of incentives or rebates being offered by Hyundai today on 2007 VC's.
Merry Christmas!
JPG
My options are : Rear Seat-DVD / Infinity Login 7 Audio-System
Carpeted Floor Mats, Cargo Tray and Wheel Locks
Also protections / appearence-pak : Wheel Moldings
Door Edge Guards, Pinstripe and clear Paint Sealant.
Very Happy & Pleased with my new holiday gift.
Now to take the new VC for a holiday-journery.
Thanks to everyone's input and Happy Holidays to you All.
VeraGen
The 08s have been out a long time! The best 07 deal (a few months ago was $3500 below invoice) Watch out for extra fees!
Black Diamond
No DVD or NAV
Carpeted Mats
Cross Rails
Etching
Total MSRP was $35170. (Invoice was $32,631 per fightingchance.com )
Dealer offered $30720
Less $1,300 HMFC Rebate
Final Price was $29,420+ TTL
Price below invoice was $3,211 including finance rebate.
For what is worth, we did purchase the extended warranty to have bumper to bumper for 10 years/100,000 miles with $0 deductible for $1,120. A cheaper option of $990 was offered but it had a $100 deductible per occurance.
Thanks to everyone and especially Seloo for updating this as it helped give me an idea of when I was close to a stopping point with the negotiations.
Congrats!
Standard questions:
Any trade?
What about extra fees?
When can you drop the balloon financing?
In reviewing the financial docs and speaking with the sales manager, we can refinance after we receive the first payment bill. The only reason we are to until then is because it will have all of the information that my bank needs to refi the note.
07 GLS - $3700 under invoice
07 Limited - $3500 under invoice.
07 SE - $3000 under invoice.
08 SE - $2,000 under invoice.
08 Limited - $3,161 under invoice. New post!
Prices include rebates.
Keep posting the good deals.
Does anybody know for sure if there are incentives directly to dealer?? How is the Texas dealer selling more than 3% below invoice...thus eating all the holdback??
Thanks...would like to buy a Veracruz soon but a bit confused to how these great deals are being in struck in Texas!
Thanks
It is up to you to leverage this information, so you can get a good deal.
We collectively do our best to be honest about the numbers being reported on this site.
Good Luck!
I believe they would be Allen Samuels, Freeman and the Huffines (Plano and McKinney).
I don't believe my deal encroached the holdback (which I foundout was $1,008 on my vehicle) but the ~1800 below invoice was from the sales bonus (not including the HMFC rebate).
I will say that my deal was from one of the preceeding dealers. ALL of which were within $500 of my deal.
I would not expect to get any of the holdback, but if a dealer near you has a pretty tremendous volume, then the bonus should be available to split.
I have now provided all the information that I can on this thread. I'll now move over to some of the "owners" threads. Best of luck to all shopping this last week of the year!
Nice post.
Again, congrats on your deal.
15,000 miles per year, 24 month lease, $0 down, $680 / month. The residual is $22600.
Any thoughts?
Think about it.
15,000 mile allowance w/$0 due at signing 24 mo@ $680 a month, residual of $22,600.
Any thoughts?
At least another $2000 off your current price, hopefully more!
INVOICE: $33841
PURCHASE: $32541 (incl $1100 dealer discount, $200 for no tiint for total of $1300 below invoice)
Sales Tax (6.25%)=2032
Doc Fee:50
Alarm: 195
Etch:95
Title:33
Inspection:22
License:77
Dealer Inventory tax: 71
FINAL OTD PRICE: $34800.00
Terms of balloon payment
47 months of $593
Final payment of $14,264
Residual 39%
15K miles annually
Interest 7.2% (only financing around $20k due residual)
Option to walk away or purchase at end of 47 months.
Considering refinance with Navy Federal Credit Union at 5%/60months. So, should I keep the current terms or refi with NavyFCU?
Stick to the 60 month loan, and even if the van doesn't hold it's value, you'll be better off after 5 years..
Edmunds Price Checker
Edmunds Lease Calculator
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Edmunds Moderator
07 GLS - $3700 under invoice
07 Limited - $3500 under invoice.
07 SE - $3000 under invoice.
08 SE - $2,000 under invoice.
08 Limited - $3,161 under invoice. New post!
Prices include rebates.
Keep posting the good deals.
Clear the 4-day old snow off of your lot and your inventory !! Sure makes it difficult to shop and/or potentially purchase when you can't drive through the lot and look at what's there without breaking one's [non-permissible content removed].
Guess you don't want my money.
Any problems known/reported?
Our dealer (as well as ourselves) have pretty much told them the colors shouldn't be included on their brochures and website if they aren't even producing them. Absolute false advertising. Not even the typical "later availability" on that color. It's really given us a bad feeling towards Hyundai.
Hyundai is offering the $5500 rebate to keep buyers in Canada. Dealer will take another $2500 off. At that price it kept me here. I was about to buy in New York but the advantage dissapeared after the big rebate.
I can't speak for 2008's.
07 GLS - $3700 under invoice
07 Limited - $3500 under invoice.
07 SE - $3000 under invoice.
08 SE - $2,000 under invoice.
08 Limited - $3,161 under invoice. New post!
Prices include rebates.
Keep posting the good deals.
i'd like to know if anyone's had experience purchasing their VC from FITZMALL. The prices on their VC limiteds doesn't sound too bad but i'd like to know how anyone else has done with them. The internet price seems to be the price you get if you're not from the DC/Maryland area. I'm from PA and would like to know if there is anything else to expect beyond the tax,title, and license fees? i've never purchased out of state but fitzgerald's is really tempting me to do so. any help would be greatly appreciated.
Secondly, I noticed even better pricing from another dealer in the DC area and one up in Cleveland. Do a 200-300 mile search on AutoTrader.com and look at some of the volume dealer prices in your region.
Does anyone expect better financing rates soon? I want to purchase in the next month or two, but keep waiting hoping there is a great rate?
i forgot to mention........ i've been keeping an eye out on the auto loan rates and bank of america seems to have an excellent rate right now. take a look on their site for yourself. something like 5.64% on 60 mos. or less ......... haven't actually gone to the bank to see if its true but sounds pretty good to me......
I should have been more clear. Look at autotrader.com, find the dealers with say 15 or more Veracruz's. Then go to the dealers actual website and you will see that some dealerships have some nice internet discounts.
This seems like it would be hard to beat on a new 2008 Veracruz lease but I need to know if someone has gotten a better deal?!
Gunner599
When visiting for service, I needed to decide if I would wait for the vehicle or if I would leave it and return after work to pick it up. When I asked how long the work would take (I had an 8AM appt), the first question asked was, "Did you purchase the vehicle from us?"
I asked if and why this would matter, and was given a very long-winded answer that sure had a lot of words, but didn't actually say much! (To substantiate this - I had a chance to ask my uncle, who owns a dealership of a different make 8 states away from where I live the same question over the holidays. He roared with laughter and said it matters more than I would ever know!)
Maybe I'm being too logical, but if you have an appt., isn't that time that they've blocked off to work on your car? When I make appts. with my clients, it is time I've reserved for them.
Just one guess...
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2008 Veracruz FWD Limited
- Black Diamond / Black Saddle
- Navigation system (but not the DVD entertainment system) and otherwise fully loaded.
- Purchased in Sunnyvale CA for $36k out the door.
We are original owners of a 1999 RX300 AWD fully loaded (paid $39k back then!). Still a good car 9.5 years later and at 116k.
Hoping for similar value results from the new Veracruz.
Have you heard about good monthly payments on 2008 Veracruz GLS leases? I just got one at $315/mo. and the final price at $25,000. I only put $1,000 down and get 15k miles.
Thoughts?
Will you share the details of your deal?
MSRP (w/o add ons)
Invoice Price
Price Paid before TTL or fees
Total Fees and Dealer Ad ons (Port fee, Doc fee, etc...)
Did you have a trade?
Thanks
07 GLS - $3700 under invoice
07 Limited - $3500 under invoice.
07 SE - $3000 under invoice.
08 SE - $2,000 under invoice.
08 Limited - $3,161 under invoice. A standard deal should be between $2-2.5K under invoice.
Prices include rebates.
Watch out for the extra fees!
Keep posting the good deals.
What would be a fair price for this configuration:
2008 Veracruz FWD Limited
Rear Entertainment Package
Carpeted Mats
Roof Rack Rails
The latest offer is unknown, dealer won't give me the number over the phone, but says 'he can do better than $41,800 Canadian out the door', which is my best offer thus far.
Any ideas what I should expect here in Canada or what the invoice price is? Any idea what price below the invoice I can expect?
Thanks.
Posts have slowed in January, I would wait another month to see if any factory to customer incentives return. Then combine the leverage of both of these incentives programs to make a good below invoice deal (watch out for the extra fees). It can be done, the best deals are made without a trade. Go back and read the previous posts.
Be patient and Good Luck!