How much did you pay?

Discussion in 'General Motoring' started by Old_Timer, Oct 6, 2006.

  1. Old_Timer

    Old_Timer Guest

    I am presently considering buying a 2007 Sonata GLS 4 cyl Automatic.
    I have been to Edmunds web pages looking up the prices and features.

    I have also watched the dealer ads in the paper very closely. However
    the ads in the paper are probably meanlingless when the small print
    says "1 at this price" If they can sell one at that price why can
    they not sell more at that price? It has got to be a come-on.

    So, I would be interested in what price others have bought the same
    make and model for.

    Old_Timer
     
    Old_Timer, Oct 6, 2006
    #1
  2. I just bought a Sonata Limited. Sticker was 25,300 with the option package.
    Dealer took $750 off, rebate was $500 plus 2.9% financing, plus they put in
    a remote starter, the cargo net, plus gave my wife a $100 gift card to Wal
    Mart.

    The option package is of questionable value. The sunroof is $900 alone. Do
    I need one? Doubt it. I've opened it twice but saw no reason to keep it
    open. When driving, I can't see out of it anyway. That means I paid $850
    for the upgraded radio. Worth it? Again, questionable. It is nice to have
    the 6 CD changer, it is nice to have Mp3 capability, the Infinity speakers
    sound great, but I can live without them too. I'd say it is worth $300 to
    me.

    Of course, you are asking if that is questionable stuff, why did you buy it?
    There was not another 07 Sonata Limited around that did not have it that I
    liked; it was the only Silver Blue at any dealer. It may help the resale
    value if I do trade it later instead of keeping it for 10 to 15 years like I
    often do. My wife likes the sunroof.

    One more thing. After making "the deal" they tried to sell me all sorts of
    added value stuff. Four different Simonize packages, Lo Jack, Gap insurance,
    life insurance. I could have easily spent another $3000. The salesperson I
    had was new and this was her first sale. She was fired at the end of the
    day.
     
    Edwin Pawlowski, Oct 6, 2006
    #2
  3. Old_Timer

    Eric G. Guest

    Edwin, no offense whatsoever, but you got soaked on that deal. I was just
    30 seconds away from signing a deal on the '07 Limited with the option
    package on 9/28. My deal, after rebates, would have been $20,200, plus tax
    and tags. And I really didn't even negotiate much. I just could not pull
    the trigger :)

    Back to the OP, with my latest research from several different sources, my
    personal opinion is that you can get the GLS with an auto for in the
    $16,000 range. Go to Consumer Reports web site and pay the $14 for the new
    car report. They will show you the bottom line. Even at that price, the
    dealer still makes a decent profit on the car. If you push hard enough,
    and you go near or at the end of the month, you will get that price. It
    WILL take some negotiating work, but you WILL get it.

    Eric
     
    Eric G., Oct 6, 2006
    #3
  4. Maybe I could have done better, but get back to me when you have a SIGNED
    contract. Often the lowball is just step one in the sales procedure.
     
    Edwin Pawlowski, Oct 6, 2006
    #4
  5. Old_Timer

    cableguy3 Guest

    I bought a 2007 Sonata V6 Limited loaded with the Ultimate Package. I paid
    $20,770 which was a steal as the car had an MSRP of $25,595.00.

    I think I caught them on a good day to buy a car!
     
    cableguy3, Oct 7, 2006
    #5
  6. Old_Timer

    shortspark Guest

    My fiance' purchased a Sonata Limited V6 with the option packages
    (moonroof, high end audio system, etc.). I think sticker was something
    between 25 and 26K. She had an eleven year old Mercury junker that was
    not in very good shape for trade. Basically, a wholesale-out vehicle
    that she did not dare sell to a private party.

    The walk out price (incl. tax, title, fees, etc.) was $21,465 (and that
    was including the rebate which came off the top). I felt we might have
    been able to a little better although that old Merc did not help matters
    much.

    The salesman was the most well versed and knowledgeable person I've ever
    met in a showroom. He was also very, very nice. Since the deal we
    offered was close to what he came back with she decided to forego the
    games and buy it (of course the price of the Milan and Camry were still
    fresh in her head and she knew this car ran circles over these others
    that she had been interested in).

    Was this a great deal? Probably not but it was a good one for what we
    got and how we were treated - hell, the Mercury Milan guy did not even
    open the hood for us!

    MARTY
     
    shortspark, Oct 10, 2006
    #6
  7. Old_Timer

    Matt Whiting Guest

    Is the $21,465 figure the difference after your trade-in was included?
    Or did they credit your trade against that price?


    Matt
     
    Matt Whiting, Oct 10, 2006
    #7
  8. Old_Timer

    shortspark Guest

    The figure of $21,465 was after everything was said and done - the
    bottom line. It included the trade-in value (which was not much but we
    knew this going in but they offered us only $141 less then we were
    asking for it), the discount we wanted on the new car (almost the figure
    we put on paper for the salesman), the rebate, tax, title, fees. It was
    the OD (out door) price.

    MARTY
     
    shortspark, Oct 11, 2006
    #8
  9. Old_Timer

    cableguy3 Guest

    So it sounds like my out the door price of $22, 196 was pretty darn good
    considering I had no trade.

    I'm happy!
     
    cableguy3, Oct 11, 2006
    #9
  10. Wow! Prices have gone up! I bought Sonata XL 2003 V6 fully loaded -
    the works! I paid $18, 600, out the door, no trade-in, and no
    Interest on a 3 year loan from the Hyundai Company.
    Just completed my last payment in August
     
    Jose Juan Miqueleno, Oct 11, 2006
    #10
  11. Old_Timer

    Matt Whiting Guest

    That sounds a little high, at least compared to what they were asking
    when I bought mine in December of last year, but a lot depends on your
    location as well.

    Matt
     
    Matt Whiting, Oct 11, 2006
    #11
  12. Old_Timer

    Eric G. Guest

    As long as you are happy, that's what is important. Consumer Reports said
    you should have paid $19,720 plus tax and tags. With 7% sales tax here in
    NJ that would just a hair over $21K plus tags and BS like doc fees. That
    runs about $400 here in NJ, so figure $21,400 or so. Certainly not a bad
    deal, but not great.

    Eric
     
    Eric G., Oct 11, 2006
    #12
  13. Old_Timer

    cableguy3 Guest

    Eric, no way you are going to buy a fully loaded 2007 V6 Sonata Limited
    with an Ultimate Package for $19,720.

    If you take dealer invoice and subtract a $1500 rebate and all dealer
    hold-back monies, you can't even get close to your number. I don't think
    we're comparing apples to apples my friend.

    My car has a dealer invoice of $23,479 and that includes the Powder White
    Pearl premium paint color I have and the carpeted floor mats and mud
    guards front and rear.

    $23,479 - $1500 rebate - $800 hold-back money = $21,179 and I got an
    additional $409 off of that to get to $20,770.

    Help me understand where I'm going wrong because to get where you are
    stating, the rebate would have to be an additional $1000 for a total of
    $2500???
     
    cableguy3, Oct 12, 2006
    #13
  14. Old_Timer

    Eric G. Guest

    What you are calling the "Dealer Invoice" is the MSRP sticker price,
    right? That is not the dealer invoice.

    Consumer Reports shows the MSRP as $23.595 (not including the paint)
    It also shows the Dealer Invoice as $21,652 (inlcuding destination)
    It shows the dealer holdback as $421 for a bottom line price of $21,231.

    $21,231 less the $1500 rebate = $19,731

    You paid at least $1000 more than you could have. Personally, I have
    never paid more than the Consumer Reports bottom line price (OK, on the
    Entourage I bought I paid $75 more), and usually I can even get
    $500-$1000 BELOW that price.

    And for what it is worth, the MSRP is a joke. Even the Dealer Invoice
    price still has coniderable markup in it, but most dealers consider that
    the absolute minimum they will consider to make a decent profit.

    But, if you play your cards right, and show up with the Consumer Reports
    printout, and some time to kill, you can usually convince them to go
    even lower because you know what, they will make the profit on the next
    sucker that comes along.

    Again, I'm not saying you got a bad deal...you probably still did better
    than 90% of the people that will buy a limited...and you said you were
    happy, but I am sure I could do better given the time and energy to
    fight.

    And the best adivce I can give ANYONE who reads this is to spend the $14
    at Consumer Reports to get a new car buying report. They have literally
    saved me thousands and thousands over the last few years.

    Eric

    P.S. I would be happy to email you (or post to the group here) a copy
    of the report I am quoting from.
     
    Eric G., Oct 12, 2006
    #14
  15. Old_Timer

    Eric G. Guest

    Um, cancel this whole thread and take me over to Starbucks for some REAL
    coffee.

    I didn't realize (or read properly) that you got it fully loaded. The
    "ultimate" option package adds (at dealer price) $1575 to the total cost.

    So it would seem that you got the car for actually a few hundred LESS than
    Consumer Reports bottom line.

    GOOD JOB!! And sorry for my mistake.

    Eric
     
    Eric G., Oct 12, 2006
    #15
  16. Old_Timer

    Matt Whiting Guest

    Where did you get the "dealer invoice" price from?

    Matt
     
    Matt Whiting, Oct 12, 2006
    #16
  17. Old_Timer

    cableguy3 Guest

    No problem Eric. I thought I did pretty well but you made me begin to
    question myself thinking I was looking at this wrong.

    Hope you got the Starbucks my friend!
     
    cableguy3, Oct 13, 2006
    #17
  18. Old_Timer

    Eric G. Guest

    LOL. Truthfully I hate Starbucks coffee. It may sound even stranger, but
    McDonald's coffee is my favorite. But when you really need a jolt, the
    Starbucks seem to do it for me.

    Eric
     
    Eric G., Oct 13, 2006
    #18
  19. I swear by the Consumers Report. I actually bought a Sonata XL 2003 ,
    with all options, for $100 less than what the Report suggested!
     
    Jose Juan Miqueleno, Oct 13, 2006
    #19
  20. Old_Timer

    ']['unez Guest

    Well I guess I'll throw my 2 cents in, I bought my XG350L Brand new in
    August 2005 and paid 21,760 out the door includeing tax a full tank of gas,
    Desert Protection, a factory wind deflector for the sunroof and what they
    called an interior package which contained a sunscreen for windsheild a dash
    cover and a sterring wheel cover, and free car washes for life ( dont know
    if its for life of the car or me which ever comes 1st ) Did I get a good
    deal or did I pay to much ?

    ']['unes
    " I Love my Hyunny "
     
    ']['unez, Oct 14, 2006
    #20
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