What is $3000 "Savings" on 2019 Sonata? - Hyundai Forums : Hyundai Forum
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post #1 of 16 (permalink) Old 04-20-2019, 01:36 PM Thread Starter
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web1b
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What is $3000 "Savings" on 2019 Sonata?

i built and priced a 2019 Sonata SEL on the Hyundai USA web site that came out to about $25,500 MSRP and then it showed a "savings" of $3000 to make the cost after savings around $22,500.

Where does this "savings" come from? Is it a post tax customer cash rebate from Hyundai or a pre-tax selling price discount?
Does it require financing through Hyundai?
Does any of this $3000 come from the selling dealership discounting or can you still get the same dealer discounts you normally get on top of this $3000?

Last edited by web1b; 04-20-2019 at 01:38 PM.
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post #2 of 16 (permalink) Old 04-20-2019, 03:50 PM
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Click where it says offer details to see where the savings are coming from, and if you qualify

Dealer has more specifics on all deals/rebates... and dealer discounts from aging inventory

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post #3 of 16 (permalink) Old 04-20-2019, 03:55 PM
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Some States you don't pay sales tax on the "rebates" and some you might. That $3,000.00 looks like Retail Bonus Cash and Finance cash. That does not include any dealer discounts.
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post #4 of 16 (permalink) Old 04-20-2019, 04:11 PM Thread Starter
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web1b
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Can't find the total $3000 on the site. Not sure why I would need to talk to a dealership salesperson to get the full details.

On the site, I found $2250 cash back on 2019 Sonatas plus and additional $500 if you finance through HMF at "standard rates" instead taking the 0.9 financing deal.
Still only adds up to $2750 maximum.

However, at least it looks like there is still room for the local dealerships to apply additional discounting since the rebate is coming directly from Hyundai.
With additional dealer discounting after the Hyundai cash back, I don't see why around $21K before taxes for an SEL with Tech Package wouldn't be possible.
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post #5 of 16 (permalink) Old 04-20-2019, 04:29 PM
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When I purchased my '08 Optima years ago, there was a $2500 rebate from Kia.
Car listed for $18300 - $2500=$15,800 then the dealer gave his discount of $700, Total $15,100.

This day and age with all the problems they should be giving heavy discounts.


2016 was high for Hyundai, then they dropped 96,000 units in 2018
Same for Kia dropped 59,000 units in 2018.


Maybe people are learning.

Last edited by Turbonut; 04-20-2019 at 04:35 PM.
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post #6 of 16 (permalink) Old 04-20-2019, 08:01 PM
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On mine the $3000 was taken off the actual sticker price. And when I went to tag it they took the $3k off the purchase price to figure the tax because in OK we don't pay excise tax on rebates.

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post #7 of 16 (permalink) Old 04-20-2019, 08:07 PM Thread Starter
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web1b
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In California, you don't pay taxes on the rebate, but you pay taxes on the selling price of the vehicle and then the rebate is subtracted from your payment.
So, if a vehicle is selling for $23,000 and has a $3000 rebate, you pay $23,000 plus sales tax and licensing fees based on the the $23,000 selling price. Then you get a total out the door price with taxes and then the rebate goes towards your payment of this total; not subtracted from the selling price.
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post #8 of 16 (permalink) Old 04-21-2019, 06:05 AM
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Quote:
Originally Posted by web1b View Post
Can't find the total $3000 on the site. Not sure why I would need to talk to a dealership salesperson to get the full details.

On the site, I found $2250 cash back on 2019 Sonatas plus and additional $500 if you finance through HMF at "standard rates" instead taking the 0.9 financing deal.
Still only adds up to $2750 maximum.

However, at least it looks like there is still room for the local dealerships to apply additional discounting since the rebate is coming directly from Hyundai.
With additional dealer discounting after the Hyundai cash back, I don't see why around $21K before taxes for an SEL with Tech Package wouldn't be possible.
Interesting--you ask for a detailed explanation on the 3 grand discount, then follow it up with a statement " Not sure why I would need to talk to a dealership salesperson to get the full details." Seems to me any place you can get the answer to your questions would make sense to check out! Or should you just take "assumptions" made on the forum? Hummmm, maybe it's just me but that really doesn't make sense!!!!
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post #9 of 16 (permalink) Old 04-21-2019, 08:13 AM
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It's end of the year, they want to get rid of the cars. We were looking at replacing our Santa Fe Sport with a 2019 edge. In late March we were looking at getting a total of $5000 off list. Some $2K from the dealer and the rest from Ford. It's past mid April now and the discounts are -$8,384 bringing some $45K car down to $36,671. But their selections are what they have on their lots. Yet, with those discounts you can get more options you may not have wanted or afford.
Depending on your state, you many or may not get taxed on those savings.
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post #10 of 16 (permalink) Old 04-21-2019, 10:35 AM Thread Starter
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Originally Posted by RSchleder View Post
Interesting--you ask for a detailed explanation on the 3 grand discount, then follow it up with a statement " Not sure why I would need to talk to a dealership salesperson to get the full details." Seems to me any place you can get the answer to your questions would make sense to check out! Or should you just take "assumptions" made on the forum? Hummmm, maybe it's just me but that really doesn't make sense!!!!
The information should be in plain English on the website.
If they say “see your dealer for details,” that seems scammy.
It should be in writing, not given verbally during a high pressure sales pitch where they can just lie and make anything up after you are in their office.
Or the dealership sales person you talk to may honestly just be mistaken or not up to date on the latest changes.
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