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Re: 2005 Sonata LX - Hyundai of Waterford (Michigan) [ciras3]
by bluedevils on Thu Jun 09 15:11:05 PDT 2005
She's borrowing the whole thing only because the 1.9% APR is quite low. Could put down $5,000 if she wanted. If borrowing the full $21,989-- the 1.9% APR saves $1,770 over 60 months vs. 4.9%. So it is worth taking 1.9% plus $500 vs. $1750 and 4.9%. I may have her ask about the advertising fee but she probably doesn't feel like it. She is burned out from the whole buying process. Thanks for your help.
Re: 2005 Sonata LX - Hyundai of Waterford (Michigan [ciras3]
by bluedevils on Thu Jun 09 10:44:21 PDT 2005
Sales mgr said the $1750 expired on June 2 and he showed us a sheet that indicated 1.9% plus $500 was currently available. Where are you getting the info that shows the $1750 is valid on LX 6/1-7/4-- edmunds.com, or somewhere else? Since this was my mother-in-law's vehicle purchase, not my own, I didn't spend as much time digging/researching/comparing/price-quoting/negotiating as I normally would. EDIT: Ok, just checked edmunds.com. They show $1750 rebate on 2005 LX 6/1/05-7/4/05. Then checked hyundaiusa.com and they finally are showing incentive info. Over the weekend, they had nothing posted. They show $1750 rebate OR 1.9% APR + $500 rebate. EDIT #2: I think I'm confusing myself. It was getting late (10pm) when we were at the dealer. The sales mgr told us the $2,000 rebate expired on 6/2/05 and the new offers were $1750 OR 1.9% + $500. At least I think that's what he said. And borrowing the full cost of the vehicle (yes, I know the poor initial equity position of buying a Hyundai with $0 down), the 1.9% + $500 was cheaper than $1750 + our alternative rate of 4.9%.
Re: 2005 Sonata LX - Hyundai of Waterford (Michigan) [ciras3]
by bluedevils on Wed Jun 08 08:42:15 PDT 2005
Umm.. actually yes... people have been doing way better than anything near invoice minus holdback. Not sure about why you were charged $500 for advertising. I went to 3 different Hyundai dealerships before I made my deal, and not one of them tried to get me to pay $500 for advertising. Also, the $170 documentation fee is pretty much way out of line too. I ended up paying $129 and I thought that was outrageous to pay.. Thanks for the feedback. How is it that folks are doing way better than invoice minus holdback? And why haven't folks been posting about this? I didn't see anything along those lines posted in this thread. Are there some unpublished factory-to-dealer incentives, or are dealers just taking losses to get rid of these '05 Sonatas since the '06 units are already rolling in? I know the $170 doc fee was outrageous but I didn't balk because I felt we were getting an excellent deal. Now it appears that may not be the case. We could still back out of the deal and demand something better (haven't signed the purchase paperwork yet), but at this point my mother-in-law is happy with the car and the deal and there's no point in doing that. To be clear, you are saying that folks have been getting prices better than Invoice minus Holdback minus Current Rebates?
2005 Sonata LX - Hyundai of Waterford (Michigan)
by bluedevils on Tue Jun 07 07:54:11 PDT 2005
Great buying experience so far with Hyundai of Waterford in Waterford, Michigan. I've been guiding my mother-in-law with her new vehicle research and purchase. Overall, a very pleasant and laid-back environment to shop for a vehicle. I am a car enthusiast and have bought several cars the past 10 years. I haven't gotten a good feeling from many dealerships I've visited. This is one of them. Apparently this is one of the Roger Penske-owned dealerships. Both the salesperson and the sales manager very professional, friendly, laid-back. A real breath of fresh air. Not what I've come to expect from a dealership, especially a Hyundai dealer. This is a large Hyundai-only store and they seem to have several 2005 Sonatas left. This is the vehicle and pricing we agreed to last night. Delivery should be this Friday. We were able to get the color and options she wanted from this local dealer, which seems pretty fortunate this late in the model year. Basically, the dealer gave us invoice price minus the entire holdback, plus $170 doc fee: $21,218 - 665 + 170 = $20,723. Note the invoice price included $500 for advertising, as listed on the dealer's printout. Prior to purchase, I didn't have time to research if the $500 is dealer-added charge or if the manufacturer actually does charge the dealer this amount per vehicle. Anybody know? We took the 1.9% APR plus $500 rebate. Originally, we agreed to $500 below invoice with 0% APR for 60 months and no rebate, but the sales manager goofed and that deal had expired on June 2. So he gave us the remaining $165 of holdback as a goodwill gesture. 2005 Sonata LX with:Option Pkg 15Wheel LocksRear Mud GuardsTrunk Cargo NetBright Silver MetallicBlack Leather Interior MSRP $22,734 (I'm guessing here - don't have the exact numbers in front of me) Price 20,553Doc Fee 170 (did not negotiate this due to the rest of the pricing being outstanding)Tax 1,243Title/Plate Transfer 23Subtotal $21,989Rebate (500)Total $21,489 This seems like a very good price on what is a solid and well-equipped vehicle. Even if we paid $500 for advertising that we didn't need to, the deal was still basically at invoice since the $665 holdback cancels out the $170 doc fee and the $500 advertising fee. Have people been successful doing better than an 'invoice minus holdback' deal or not paying for the $500 advertising? Other models she considered and her impressions... She considered midsize sedans and small SUVs before deciding she probably could do without the versatility of the small SUV in favor of lower price, greater comfort, and presumably lower operating costs with a sedan: Honda Accord EX-L 4 cylinder - She really liked the car: Adequate power, Honda resale value, great fuel economy, factory-installed satellite radio which was HUGE for her. Priced about $3,500 more than the loaded Sonata LX. A close call, but I steered her toward the Sonata since she plans to keep it 4-5 years and this will reduce Sonata's resale disadvantage.Hyundai XG350L - loved the audio system and the interior luxury. Car felt a little large while driving it. I've always like both XG and Sonata, but sitting in both yesterday I wasn't as impressed with the XG as I expected to be. The leather in the XG felt/looked the same as in the Sonata, and the sound quality from the XG's Infinity stereo was not noticeably better than the Sonata's non Infinity stereo.Subaru Forester LL Bean - loved this vehicle but too pricey and not as luxurious in back-to-back comparos with the Sonata and XG350LSubaru Legacy - really nice car but way too pricey when equipped with the goodies she wanted (heated seats, leather, nice stereo, etc).Kia Sportage EX - really liked the vehicle. No major discounts right now or else might have gone with it. Salesperson was not knowledgeable about the vehicle.Honda CR-V EX with leather and heated seats. A little pricey and felt too large.

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