How much did you pay?

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

 

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, 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

 

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.

 

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!

 

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

 

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


Matt

 

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

 

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

I'm happy!

 

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

 

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

 

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, 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???

 

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.

 

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

 

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

Matt

 

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!

 

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

 

I swear by the Consumers Report. I actually bought a Sonata XL 2003 ,
with all options, for $100 less than what the Report suggested!

 

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 ?

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