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2017 Santa Fe Sport prices paid
just_focus
Member Posts: 53
Hello everyone. I really appreciated looking at this website in the past for what people are really paying for new cars. I just bought a new 2017 Santa Fe Sport with the premium package that stickered for $31,600.00. I got a $2300.00 discount from the dealer and $4000.00 in rebates for a total of $6300.00 off sticker. The Santa Fe is one of the lowest 5 year ownership cost out there in its category and now that I just took all the first years depreciation out of the picture this is a great deal. Now I have the 5 year 60,000 mile bumper to bumper and the 100,000 mile 10 year power-train warranty.
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Is yours the 2.0T AWD? (trying to figure out the model and option pack).
Looks like TMV for Cincinnati is running right at invoice, and we're showing a $1,250 incentive right now that puts TMV about $900 below invoice. Very competitive numbers, and it sounds like you found some more incentives too.
Warranty Week just came out with their annual auto warranty report for Asian cars and Hyundai has the lowest accrual rates in the world, having beat out Honda for the title in the last couple of years. Translated, that mostly means that Hyundai builds their cars so well that they don't have to spend much money after the sale on warranty work.
Heres the deal I got:
Santa Fe Sport 2.4 AWD Popular Package:
MSRP: $30060
Selling Price: $27660
Rebates: $2250
Leased 36mo/10k:
MF: .00071
Residual: 58%
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Mineral Gray
Before Tax, Title, Registration and trade-in:
$34,500
$3250 in rebates, but could not combine 0.9% APR with $1750 of the rebates. HOWEVER, after 90 days of payments to Hyundai Motor Finance, you can supposedly then re-finance elsewhere (ie: credit union, etc.) and not lose the rebates.
3.09% APR for 60 months (with rebates)
3.99% APR for 72 months (with rebates)
I'll be refinancing in 3 months to 1.99% with local credit union.
I ran the numbers, and it was cheaper with the rebates and doing the 60-months vs. taking the 0.9% APR for 60 months and losing the rebates. I basically "griped" about that and dealer took additional discount that was equal to the interest payment difference (I'd run the numbers at home).
Every time I've played with our low APR vs Rebates calculator, the rebates won. Except a 0% APR and even those have been about a wash
Dealer discounted price: $27,300 ($2505 discount, not incl rebates)
Rebates were:
$2000 Hyundai std SFS rebate
$750 Financing rebate (3.29%), financed $10k to get the rebate, plan to payoff almost immediately
$1000 Uber rebate, became an Uber driver with only 3-day wait, vehicle inspection cost $35
$500 Dealer "coupon" rebate, appeared on the sales document as part of the rebate, paid by Hyundai
Total rebates: $4,250
Total price paid before taxes, license and other state and federally mandated fees: $23,050.
Total discount from MSRP: $6,755 or 22.7%
I wish I had planned ahead and gotten the additional Boostup rebate and saved another $500.
Minnesota caps their doc fee at $75, but has very high auto sales tax.