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My 2006 Sonata Deal Details

4.2K views 34 replies 10 participants last post by  mamamia  
#1 ·
Please feel free to critique... ;-) I've already criticzed myself a bit. ;-)

SO, first the essentails:


New 2006 Sonata GL, (V4), Automatic
With Floormats.

Added the Hyundai Extended Warranty Plan 10/100 "bumper-to-bumper".

No trade-in involved.

Purchased Sept 02 in Pasadena, CA. (Team Hyundai)



Price of Car: 17681.93

Doc Fee: $45.00 (*junk fee / extra profit -- in california, this is the legal max)
Sales Tax: 1477.32 (California 8.25%)
DMV Electronic ..
...Filing Fee $28.00 (* a new junk non-mandatory fee as far as I can tell)

Service Contract $750.00 (Factory Extended Warr, but I overpaid on this -- my goof!)


Lisc Fee: 116.00 (Legit CA DMV fee)
Reg/Title/Xfr Fees: 63.00 (ditto)
Calif Tire Fee 8.75 (semi-legit fee)


Rebates Applied $-2000.00 ($1500 current rebate + $500 loyalty)


Out the door cost: $18250.00 (brought my own financing)




=========

I'll add a latter post to analyze the good and bad in my deal. One thing I screwed up on was immediately saying (in the Finance Office) I would pay only $750 for Hyundai's Factory Extended warranty... I meant to say $550. Since she instantly agreed, I just did not feel right saying, no I meant...... and I can always cancel it in a few days if I still am feeling dumb about that. But let that be a lesson to those of you paying $1200 (or $1800, or $2200) ... this is a HUGE profit maker.



Ignore that part, and I think I did good.... but I coulda done a bit better. More to come, but, I'll take early feedback.



Just one quick piece of advice. Know both your "top line" (i.e., price of car + accessories) as well as bottom line cost (cost of car + all legallly reguired taxes and fees (not junk fees.) )


You can't be exact, but for this car, and in my state (and county), it's pretty simple to calculate:

Price of car * 1.0890 + $75 = close approximation of Final price before rebates.


1.0890 reprsents .0875 (8.25% sales tax for my area) plus (.0065 .65%) for the VLF.
$75 is the approximate amount of "other" Goverment fees. (We are NOT factoring in junk fees.)

The California DMV has a calculator on their website that makes this very easy to figure out, if you reverse the math a bit.


Ok, gotta get back to "real" work for now, but I'll get into the negotiations in a bit.

Talk amoung yourselves...

d.
 
#4 ·
Originally posted by LuckFromHeaven@Sep 7 2006, 04:01 PM
Did you negotiate the sticker price? I bought my 6 cylinder Sonata for less than that of what you paid for your 4 cylinder Sonata.
[snapback]54763[/snapback]​


Yes it seems there is a premium on the 4 Cyl model, although...

The current National Hyundai spots offer a V6 for $16,495 (or less)

And an extended warranty which I do believe in purchasing, is not really worth getting on a Hyundai with a 10 Year Warranty. One poster had mentioned that it included the ever important Rental Car insurance. While that is true, many Hyundai Dealers offer loaner cars. Another unbeatable value added service by Hyundai!
 
#5 ·
Originally posted by LuckFromHeaven@Sep 7 2006, 12:01 PM
Did you negotiate the sticker price? I bought my 6 cylinder Sonata for less than that of what you paid for your 4 cylinder Sonata.
[snapback]54763[/snapback]​



Hmmm.... Would you mind posting all the details of your transaction, similar to mine. (Including trim level with options.) It would be very interesting to see/learn from? (including if you had a trade-in)


I'm not saying you couldn't do what you said, but without seeing ALL the details, we are not making a real comparision. (For example, dealers can offer you a lower price, and then "steal" your trade-in.)

I almost went with the V6 and since it has an extra $1000 rebate it could have been a close call, but then I still would be buying things I didn't want (sunroof, etc, although the "solar glass" might have been a nice thing to have in retrospect.)
 
#7 ·
Originally posted by mamamia@Sep 7 2006, 04:48 PM
???

I bought my 4 CYl. GLS for $15,700 after 2 rebates....

This was late evening of January 31...

I got the extended warranty for $700.

The price you quoted here seems high to me. Sorry to give you bad news when it's too late.
[snapback]54792[/snapback]​


Here are the current Rebate offers. Remember though, he got the "V" 4 :bwekk:

http://www.hyundaiusa.com/financing/specia...ial_offers.aspx
 
#9 ·
Originally posted by mamamia@Sep 7 2006, 12:48 PM
???

I bought my 4 CYl. GLS for $15,700 after 2 rebates....

This was late evening of January 31...

I got the extended warranty for $700.

The price you quoted here seems high to me. Sorry to give you bad news when it's too late.
[snapback]54792[/snapback]​



Is the price you are staing before or after all taxes/fees/junk fees? (Are you in a no or low-tax state?)

Is the 15,700 including the 700 warranty? Is yours an automatic or manual?


Another way to look at my deal stating the way you do in your opening line, I bought mine for $15860 after two rebates, and I got the exended waaranty for $750.
 
#11 ·
Originally posted by dcbarry@Sep 7 2006, 03:42 PM
Hmmm.... Would you mind posting all the details of your transaction, similar to mine.
[snapback]54786[/snapback]​


I think that's where a lot of buyers go wrong. The dealers like to nickle and dime you to death. Don't play his little game. Talk OTD price and nothing else. Find the car you want, with the trim you want, and know what people are paying in advance. Decide in advance the most you will pay. I got my GLS V6 for 16,600 OTD. I was willing to pay $17K tops, which was based on deals people were reporting on the forums.

Your deal was certainly not the best, but the car is still well worth what you paid. Enjoy it!
 
#12 ·
Sticker... **** no. Man, you must really think I'm a rube! ;-)

First off, per Edmunds: 2006 Hyundai Sonata GL 2. Automatic ( add "otional" floormats):

you get

MSRP: 19480 (Which matches the sticker in my car)
Invoice: 18015



I gave my opening offfer as: 17,500 (price) / 17,130 (TOTAL cost w/ $2000 rebates applied ) which is 3% under invoice.

In the end I paid, 17,861 (price) / 17,600 (TOTAL COST out door w/ rebates applied.) This is still 1% under invoice. (Add the $750 EPP, and you get $18350).

(The dealer kept trying to get me to come up two grand, then 1 G, then about 500. All in all, I only raised myself $361, when I made the final 17600 OTD offer after I refused any more raising. )

(note: the Extended warranty was never part of the negotiations, see my orig post)

Under the rebates offered that day, and without hard proof of further incentives beyond the holdbacks, I sincerly doubt a much better deal have been struck. (Yes, beyond holdbacks, they are still making probabbly $800 to $1200 in hidden incentives, but even I know I'm not going to get the car w/o some profit to them. )

I probabbly coulda paid about $300 to $400 less if I was in true agrressive mode but I really needed to get the car that day. (Something I never clued them in to -- I walked out twice as if I could care less. I did have a list of the inventory of three other dealerships.)



Again, I could be wrong, and I don't intend this insultingly in any way, but at I say show me your sales contract and enumerate all your options if you really think I still massively overpaid so we can properly analyze it. A lot of people "remember" getting a lower price, cause they are rembering what they financed and forget the down payment, or forget the cost was after, not before rebates, or forget something. I'm pretty confident I did well (not great), until someone posts ALL the details of their sales contracts.

(Of course, as I famous car sales book I read once said quoting a sales manager.... A good deal exists only in the mind of the customer.)



d.
 
#13 ·
Is the price you are staing before or after all taxes/fees/junk fees? (Are you in a no or low-tax state?)

Is the 15,700 including the 700 warranty? Is yours an automatic or manual?


Another way to look at my deal stating the way you do in your opening line, I bought mine for $15860 after two rebates, and I got the exended waaranty for $750.

OK, going back to your original post (too long for us with ADD...) I am CORRECTING my assertions as to your deal... You did OK.

My $15,700 price was the car's price after the rebates. That's it. Taxes, fees, etc. were an ADD-ON, and so was the warranty, of course. And my car is an Automatic, of course (being a GLS).

But in general: I think when comparing prices, to compare apples to apples, we should post the car's price, and not include taxes, registration fees, title, dealer fees, doc fees, etc. etc etc.... Certainly not include trade ins...

"Talk OTD price" -- NO. The car's price minus the rebates, if any. That's it.

THAT'S THE ONLY WAY TO COMPARE BETWEEN CARS THAT WERE PURCHASED IN DIFFERENT STATES, WITH DIFFERENT FEES, TAXES, LAWS AND REGULATIONS.
 
#14 ·
no offence, but i dont see how you guys figure you can compare deals in a country as large as america??

seriously, your population is what, 160million, and by land mass your the 4th largest country or something... you guys cant seriously believe that you can buy the exact same car for the exact same price in wildly differing markets. :)

dcbarry, it sounds like you got a good deal for the area from what ive been reading, and it sounds like you are pretty happy with it, so IMO you can pretty much ignore all the guys saying "i got mine for less" unless they bought theirs from the same local area.
 
#15 ·
Originally posted by bobad@Sep 7 2006, 02:49 PM
I think that's where a lot of buyers go wrong. The dealers like to nickle and dime you to death. Don't play his little game. Talk OTD price and nothing else.  Find the car you want, with the trim you want, and know what people are paying in advance.


I agree in part. As someone who only will negotiate from the belowthe invoice, you can talk OTD price only if you know in advance (at least a good estimate) of what the true tax and lisc cost is going to be.


I only negotiated my sales price (and told them what that meant my OTD price should be no greater than). When you compare what "other people paid" though, you can't trust it often -- some states have no sales taxes and no VLF. That could easly be $1500 you are giving a dealer you shouldn't right there. And again, people's version of the maning OTD wildly varies.



Originally posted by bobad@Sep 7 2006, 02:49 PM
that'sDecide in advance the most you will pay. I got my GLS V6 for 16,600 OTD. I was willing to pay $17K tops, which was based on deals people were reporting on the forums.

Your deal was certainly not the best, but the car is still well worth what you paid. Enjoy it!
[snapback]54821[/snapback]​



Not to persist, but I really am dying to know what the "sales price" and rebates on your car were. If you put no cash down, and lived here in California....... Then I should be ashamed cause then I did get smoked. Can I convince you to look it up (maybe PM it to me? ;-) (I'm a masochist! or is it a sadist? ;-) )

Cheers,


d.
 
#16 ·
Originally posted by dogstar@Sep 7 2006, 07:30 PM
no offence, but i dont see how you guys figure you can compare deals in a country as large as america??

seriously, your population is what, 160million, and by land mass your the 4th largest country or something... you guys cant seriously believe that you can buy the exact same car for the exact same price in wildly differing markets. :)

dcbarry, it sounds like you got a good deal for the area from what ive been reading, and it sounds like you are pretty happy with it, so IMO you can pretty much ignore all the guys saying "i got mine for less" unless they bought theirs from the same local area.
[snapback]54829[/snapback]​


Close, 299 Million, and that's just in the United States :thumbsup: .
http://www.census.gov/

Here's a great article about true Out the Door pricing!

http://www.edmunds.com/advice/strategies/a...25/article.html
 
#17 ·
Originally posted by dogstar+Sep 7 2006, 03:30 PM-->
no offence, but i dont see how you guys figure you can compare deals in a country as large as america??
None taken .. this is all in fun.


<!--QuoteBegin-dogstar
@Sep 7 2006, 03:30 PM
seriously, your population is what, 160million, and by land mass your the 4th largest country or something... you guys cant seriously believe that you can buy the exact same car for the exact same price in wildly differing markets. :)

dcbarry, it sounds like you got a good deal for the area from what ive been reading, and it sounds like you are pretty happy with it, so IMO you can pretty much ignore all the guys saying "i got mine for less" unless they bought theirs from the same local area.
[snapback]54829[/snapback]​



Well, you can compare as mamamia posted by simply comparing your cost of the car before anything else. Take out all the jursdictional stuff, and just go to the cost beofre everything else is factored in. (If a trade in is involved, forget it --- cause then you can screw with the cost and make it up by "stealing the trade-in", or vice-versa, inflate a trade-in price and also inflate the sales price.)

;-)
 
#18 ·
mmm hmm... but differing dealers will gouge their customers more or less, depending on the market.

for example, in an area that only has a couple dealers, but a large number of hyundai customers, you can be fairly sure that prices will be higher than a locale with a large number of dealers and fewer potential sales.
 
#20 ·
Approaching a dealer with an OTD price -- may be a good idea, of course, as long as this OTD number is low enough.

But when you want to compare my GLS, purchased in Illinois, to your GLS, with the same equipment, purchased in Arizona (or Oregon, or Florida, or anywhere else in the USA) --- the ONLY FAIR comparison is the car's PRICE, before and/or after rebates.

All the rest of those numbers -- taxes and fees -- are not to be thrown into the equation.

After all, for example, we here in IL pay a REGULATED Doc Fee of about $58, while dealers in Florida (and some other Southern states) can, and do charge $400-$500 for Doc Fee...
 
#21 ·
I have a 2006 silver GLS 4cyl I paid $15,700 OUT THE DOOR! Thats with everything including a 5yr plate (in Delaware you can get registered for 5yrs on a new car. I will not have to have it inspected or pay a reg. in 5yrs.) I got the $2500 rebate. I payed cash for my car with no trade in or financing. Another dealer in Dowingtown Pa. offered me a 2007 4cyl. in silver for $17,200 out the door. I went with the 2006