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New & Thinking Of Buying A Sonata Need Advice :)

2.5K views 15 replies 7 participants last post by  SonataRobbie  
#1 ·
Hi all,

Saw this forum a few days ago and thanks for all the information. I am thinking of buying a 2006-2009 Sonata but am not really sure what yet. The 2008 Sonata deals are quite tempting and i've been reading up on edmunds.com but am still not sure what to buy.

What do you guys recommend. I would also like to get an idea of how to separate good deals from dealers out to take me for a ride. Can i get the 3k rebate alongwith a good APR? On the same note what is considered a good APR? I have pretty good credit so i do not foresee that to be a problem. Also i am a recent college grad. Can i get the 500 discount on top of the 3k rebate and a good APR. I will not be trading anything in. Can put around 5k as down payment.

If i buy a used 2006 what is the maximum i should pay especially with the current deals on current 08's. I am in Cleveland Ohio, any one who can recommend a good hyundai dealership etc

I know these are a lot of questions, appreciate your patience and thanks in advance for helping a newbie :)
 
#2 ·
Hey Sammy baby :banana:

Most of the answers are no. There is no single answer on APR, and Zero

is sure a nice number :trophy: . The Incentives are non combinable.

You can put down $5K or less. Some are plunking down Zero.


You can save TONS (at least 50%) on a low mileage 06 or 07, and still have a Warranty.

And the current Deals on the 08 are very similar to the Deals of 06 & 07.
 
#3 ·
Thanks for your suggestions. So if the current 08 deals are similar to the 06 and 07 would i be correct in assuming that 6 months down the road we'll be seeing similar deals on the 09? Also was there a 3k rebate on the 06 and 07 as well?

How much do you think i should pay for a 2006 sonata GL (Manual Transmission) with 51k miles?

Thanks
 
#5 ·
I just paid $14k for an '07 Sonata with the 3.3L. It had about 13.7k miles when I bought it.

All I have to say is that I am very satisfied and if you do a bit of haggling you can get a lot of car for you're money. Mine has a sunroof and with the 17" wheels it looks really sharp. To top it all off its comfortable and its pretty quick. If I were to get an V6 Accord or a Civic Si with the same accoutrements at the same model year and mileage, I would be paying close to or over $20k.

The only thing I would like is if it didn't roll so much in the corners, but c'est la vie. I'm not crying about it. It isn't meant to be a sporting car but it is a fun car. its worth the money, I think.

Good luck
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#7 ·
You ask some hard questions. According to bankrate .com, the average 5-year new car loan is about 6.8%. Used car loan rates can vary, but they are usually at least 2% higher than new car rates. And depending on the age of the car, you may not get a loan longer than 4 years. Because the timeframe is compressed, those payments will be higher. Depending on the exact situation, a new car can have lower payments than a used car.

You asked what a 2006 GL (manual) with 51,000 miles should cost. According to Kelly Blue Book (kbb.com), it should sell off a dealership’s lot for about $10,900 (maybe less if not perfect). As the current owner of a 2007 GLS manual, may I suggest that you take your car for a long test-drive. It is a great car, but when I finished my test drive, I knew I had to include an additional cost to firm the suspension to my tastes. The car’s suspension is geared much more for comfort than for sport. With a stick shift, make sure you pay close attention to excess body motion. If you don’t like it, it will cost you between $600 and $1,200 to fix it. But even with that added cost, it will still be cheaper than a new Civic and you get a heck of a lot more car. On that note, the I4 Sonata is a 3,250 pound FULL sized car. Do not expect it to get the same mileage as a 2,600 pound COMPACT sized Civic or Corolla. It will get 32-36 mpg on the highway, but expect to average 26 mpg. Good luck!
 
#10 ·
Originally posted by sammyismail@Mar 18 2008, 04:21 AM
Is $8800 a good price for an 06 GL (Manual) Sonata. Base Model. Has ABS though. Mileage is pretty high at 51000. What do you guys think? Thanks
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For your area, Trade-In Value is about $7,000 (in good condition), Retail Value is about $11,000.

Is this at a dealer, or from a private seller? If it's a dealer, I think $8800 is kinda low, unless the car's been really trashed. If it's a private seller, it's very difficult to judge. Either way, I'd definitely get a CarFax report on it before buying. If the car's in good shape and doesn't have any major damage reported on the CarFax, then $8800 is a great price.

BTW, I've got 57K on my 06, which is normal for Texas. I realize Ohio drivers probably drive a lot fewer miles annually. My car's still in great shape at that mileage though, so there's nothing to worry about.

Good luck.
 
#11 ·
Hi Robbie,

Thanks for the vote of confidence on your sonata. Yes its a dealer price. I think its kinda low too. Experian report says that its a clean car, no accidents one owner etc
I guess it might be a good idea to take a look at the car but since its a dealer's i'm assuming it'll be all waxed up and shiny. Well i guess no hard in trying to to go see it and taking it for a test drive.
 
#12 ·
Originally posted by sammyismail@Mar 18 2008, 10:04 PM
Hi Robbie,

Thanks for the vote of confidence on your sonata. Yes its a dealer price. I think its kinda low too. Experian report says that its a clean car, no accidents one owner etc
I guess it might be a good idea to take a look at the car but since its a dealer's i'm assuming it'll be all waxed up and shiny. Well i guess no hard in trying to to go see it and taking it for a test drive.
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Since the price is amazingly low, and you seem to know that dealers like to clean up cars to hide flaws, I think it would be WELL WORTH the couple hundred bucks to take it to a private mechanic to have it looked at. You'd still end up below $10,000, which makes it a steal.

The clean Experian report also would make me a little more comfortable with the purchase. My guess is that the dealer royally f*cked the previous owner on trade-in, and he's passing that "savings" on to you. Either that or it's a non-Hyundai dealer who can't get rid of the car. Either way, I'd take advantage of it.

Good luck.
 
#14 ·
Originally posted by SonataRobbie@Mar 19 2008, 12:37 AM
Since the price is amazingly low, and you seem to know that dealers like to clean up cars to hide flaws, I think it would be WELL WORTH the couple hundred bucks to take it to a private mechanic to have it looked at.  You'd still end up below $10,000, which makes it a steal.

The clean Experian report also would make me a little more comfortable with the purchase.  My guess is that the dealer royally f*cked the previous owner on trade-in, and he's passing that "savings" on to you.  Either that or it's a non-Hyundai dealer who can't get rid of the car.  Either way, I'd take advantage of it.

Good luck.
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that's exactly why i got my car for cheaper than i expected.. got my 06 GLS V6 with 26k miles for about $12,500.. at the time, they were going for in between $14k and $15k easily... it was a Chevy dealer and they couldnt wait to get it off their lot... i even got them to take my POS Ford Escort off my hands, and they even gave me $500 for it.. :w00t:

a non-Hyundai dealer typically does not like to have Hyundai's on their lots very long... they tend to look down their nose at them...
 
#16 ·
Originally posted by craigbrooks@Mar 19 2008, 11:16 AM
Just to let you guys know when we " royally f*cked the previous owner on trade-in" we DON'T pass the savings on to the customer.  We pass it on to the salesman selling that trade.  :grin:
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I'm fully aware of that. However, when combined with having an undesirable vehicle taking up space and eating up floor plan dollars, a dealer is much more likely to drop their price to a point well below retail in the hopes of making the car go away faster.

Now for the Hyundai fans (myself included), I don't think the Sonata is an undesirable vehicle, but your local Nissan dealer definitely would. We (Lincoln/Mercury dealer) had a similar situation with a 2005 Jeep Grand Cherokee Limited (in 2005) that was loaded to the hilt with only 2,700 miles on the clock. The truck was well worth $25k+, but we listed it for $19,995 (and after three months, sold it for $18,500 - $400 below our cost - to an employee's family member). People don't go to a Lincoln/Mercury dealer to buy a Jeep, so it was an undesirable vehicle to us. Had it been at a Jeep dealer, it would have sold for much more.

Okay, I guess we can get back on topic now. :grin: