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2007 Sonata GLS

by marys236 on Sat Oct 11 16:04:23 PDT 2008

Is this the right place to ask about prices for used Sonatas? I'm looking at a 2007 Sonata GLS 4cyl, auto., 37k miles, sunroof, power drivers seat, at a Hyundai dealership. The dealer has it listed on their website for $11,995, which seems like a good price. It would still have about 23k left on the warranty, which is nice. I'm wondering if there's any room to negotiate the price down further. I test drove it today, and they tried to tell me the price was $14k. I had no intention of buying the car today anyway, so I left and told them I'd call next week, but I'm assuming I can get the car for what they have listed on the website, which is below TMV. It's a former rental car.

Re: Did I Over Paid!? [danprtr]

by papayamoo on Fri Oct 10 10:14:42 PDT 2008

Hi Dan, Thanks for taking the time to reply my post. I can understand that some people do come here to brag and the actual amount of discount will vary. The car has been great so far, only 3 days and 260 miles so I guess the jury is still out on how it will hold up in the long run. This is a total impulse buy. We were lured in by the 0% financing and I had to replace my rapidly deteriorating '98 Honda CR-V with another AWD vehicle. The test drive went great. The ride was nice, acceleration decent and fit and finish wasn't bad either. Not top tier Japanese car great but very impressive nonetheless. Because we were at the dealership late, the salesman really came after us and wanted to make a deal. So base on the sticker and what I remember of the invoice prices (which check out with what the dealer showed me), I thought I was getting a pretty decent price since it was about $500 less then invoice including 7% tax and all the other fees OTD. However, the doubt and the panic about our decision started to creep in as soon as we drove the car off the lot. The turn signal did not work the whole way home! And this was right off the lot. The turn signal would not return to the off position even if I turn the wheel 1 to 1-1/2 revolution. Bought the car back to the dealership next day and the problem seems to go away when the service person drove it. But since then the problem comes and goes like a ghost. Very frustrating. Then I found this site last night. Saw the thread on pricing and transmission issues posted here and just about had a panic attack! Also, when we brought the car back to the dealer to look at the turn signal issue we had experienced the same unfriendly service described by some other posters. Which seems to suggest Hyundai has a culture of stonewalling the customers and that's not good to hear. I just hope that my first Hyundai experience won't also be my last either. Thanks all for listing to my ranting.

Re: Should I??? [samadams3]

by jfritsch on Fri Oct 10 05:41:10 PDT 2008

Edmunds TMV is of limited use sometimes. I don't know how they calculate it, and numerous prices paid forums were posting prices paid well under it, especially for trucks/suv's the last few years, if you relied on TMV and just shot for that, you may have left 1000's on the table. Avoid psychological warm fuzzys (like TMV) etc, arbitrarily assuring you you weren't screwed. The lowest price you can get out of 10-20 dealers via email last week of the month is the lowest you can get. Even nada and nada.com book trade in prices on used cars are suspect as many states base yearly car taxes and such on it and it is suspected of being arbitrarily high. Price: For those who need targets, a 20000 msrp 2007 sonata gls has a kbb trade in value of about $12000, about the same from other sources. Add about 20% to the trade in of a used one for a new 08 and about 35-40% for a new 09 (2 years depreciation) Puts you about 16000+/- for a new 09 Sonata. This is around the number you want 10-20 dealers via email to meet or try to aggressively beat (with all dealer doc fees and such). This formula holds for about 95% of production autos. Hyundai has aggressive promotions in some eastern (eg VA, NY) and western parts of the country and some of you will be more successful than others on this particular vehicle. Financing: Aggressively shop financing options and know your monthly payment to expect as you can easily leave $2000 or more on the table there over 4 or 5 years and waste your time trying to squeeze $100 off the price or equivalent in oil changes, floormats etc out of some manager. Extended Warranty/Service agreements. Avoid obviously buying an extended warranty on a Hyundai. For other makes with a 36000 mi bumper to bumper and 60000 mi powertrain warranty about $800 is what you want for a 7yr/100k mi bumper to bumper FACTORY extension on an average sedan. For bigger vehicles with 4wd, navi, reverse sensors etc we're talking about $1100 or so. Avoid being taken for $1800-2000 for these in the finance office. Avoid aftermarket warranties from unknown warranty companies. Add ons: Paint sealant, wheel locks, pinstripes, undercoat, fabric guard have a total dealer cost of $200 more or less if all on the same car. Avoid paying for any of it. Good luck --jjf

Re: Was this a good deal [changingtide]

by schukanuoslady on Thu Oct 09 06:32:00 PDT 2008

"I purchased a new 2008 Elantra GLS Auto w/pop equipment package in June for 13,550.00 OTD. The car was recently totaled in an accident so I need to replace it. I stumbled upon this forum and I'm starting to wonder whether I received a good deal or not. The car performed great in the accident, we were sandwiched between two truck and everyone walked away unharmed. Any thoughts would be appreciated, I keep seeing Towne Hyundai in NJ mentioned and wonder if I could do better." OK... has your insurance company told you what they are going to pay yet and did you have a loan as that will get paid first and then depending on the value of your car you will then get the difference as they figure you put down a down payment. You state your price was out the door. I paid $14000 for mine, then I had tax on top of that and and the interest compounded into my car payment. If you had a loan, you will not have to pay all that interest compounded as the insurance company will pay your lienholder first before giving you a check. If your insurance company has not given you an idea yet of what is being paid I would suggest you go to www.kbb.com an put in your specs. And look at retail value to get an idea of what your car is worth. I don't kow where you live, but Suresky in Goshen, NY is selling Elantras right now for about $13992 plus tax. This is why I ask you if your price included tax as my husband and I bought our Elantras on June 5, 2008 and Suresky gave us the cheapest price of anyone else in our area of 100 miles. If you are looking at Towne Hyundai in NJ, I would think it might be worth a trip to NY to check out the price. And DON'T do an internet price as they come up higher. Also, if you do want to do an internet search look up some dealers with websites that say "Make an offer". High Point Hyundai if I am not mistaken is doing that. But you might even get a better deal if you come over the line to NY. I am not sure how far away you are from High Point NJ. Their dealership is only 12 miles from me but we went 18 miles and bought in Orange County NY in Goshen. And the guy I dealt with is fantastic and the manager in the Sales Dept. really cut us a break back in June. I would figure out how much the insurance company is going to give you too. And glad to hear you walked away with no injuries. That is a good thing. I wasn't so fortunate back in 1993. I had a Chevy Corsica and was hit in the driver's side by a drunk driver who put me into a spin and then I went head on into a concrete divider in NJ. I was pointing eastbound over a RTE 3 overpass that if that concrete divider had not been there I would have been flying onto RTE 3 traffic going westbound. My chevy gave me no protection at all. Ended up on crutches for 2 years and 2 operations. And at the time I was only going 20 miles an hour. Go figure. And that is when cars were supposed to be made better. I am very glad your Elantra kept you from not getting hurt.

Re: Should I??? [moocow1]

by samadams3 on Thu Oct 09 06:20:56 PDT 2008

We got a 5 speed Automatic - no extras. Did get mats,mud guards and cargo net included. so BEFORE taxes the OTD cost is $15.3. We did get owner loyalty and $2000 rebate included. (All Sonatas have the $2000 rebate for 2009 and for 2008 Sonata its $3000) We are going to be taxed on Fairfax MSRP rate of $17.395 for this car which will be 7% $1217.65 so for a car that costs $20.000 MSRP and paying a total of $16.5 for this car is a deal indeed. I could not find anyone anywhere that could come close to this price for a 2009 automatic. Even other dealerships told me that Fairfax must get extra 'incentives' from Hyundai as they sell the most cars in the area. Perhaps they don't make much money off the internet price, but they are selling their cars. It was the easiest purchase of a car no hassling and no harassing to get the extra options. I would definitely go back there again. We were done in 1 1/2 hours. It was worth the journey from NJ.

Re: 2009 sonata gls $16,990 ... Bob Dunn Ford Hyundai, Lee [girlething]

by alamocity on Wed Oct 08 23:07:31 PDT 2008

Great question but you might want to consider posting it on the smart shopper board as they have a topic titled buying a car during the credit crunch. Just a friendly suggestion

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