Got my new Sonata today

Are you serious? You traded a 2007 with 66K for a new 2010 for only $1500 difference? I need to visit my Hyundai dealer!!

Matt

Closer to $2000 as my payments are a few bucks more. Other factors helped. I went from 1.9% to 0% financing, plus the $500 loyalty rebate. Negotiations took about two hours though. They started considerably higher, but they called me, I didn't call them. Want to move some iron? Deal or I walk. The sticker on this car was also about $2k more than the old one.

So basically you got a new sonata for 2k plus your 3 year old sonata? Yea right..Did santa tell you to say that..

So basically you got a new sonata for 2k plus your 3 year old sonata? Yea right..Did santa tell you to say that..

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Yes, that is correct. Herb Chambers seems motivated to move some iron right now and so is Hyundai. I really don't give a crap if you believe me or not. FWIW, the sticker on the new one is higher by about $2000 too since it has bluetooth along with the usual inflation over the years. .

If your payments went up and you went back to payment zero and you had already made 33 payments on the 07, you are down more than 2k.. I think everyone who owned a 3 yo sonata would trade up without hesitating if what you said was true. Makes so sense from a business standpoint. When you drove off the lot back in 07 you were down more than 2k..

If your payments went up and you went back to payment zero and you had already made 33 payments on the 07, you are down more than 2k.. I think everyone who owned a 3 yo sonata would trade up without hesitating if what you said was true. Makes so sense from a business standpoint. When you drove off the lot back in 07 you were down more than 2k..

***************************************************** Payments went up $20 a month and yes, I'm starting from 0 again. That is $1200. I gave them $500 cash.

Just as important, I also side stepped a lot of maintenance that was coming up in the next few months if I kept the old car. 4 Tires, new brakes, new air and cabin filters, coolant change.

You're saying $2k in drive-off costs, right?

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What I think he's saying is they charged him 2k for the new car and made up the rest with his trade. I understand the maintanance avoidance part. But I've never heard of anyone trading in ANY kind of

3 yo car ( let alone a hyundai with all those miles) and only paying 2k more for a new one. As I said, when he drove off the lot 3 years or more ago, he was down more than 2k...If he avoided 1500 in repairs, the dealer has to pay out at least 500 in labor, parts and overhead to do them anyway

3 yo car ( let alone a hyundai with all those miles) and only paying 2k more for a new one. As I said, when he drove off the lot 3 years or more ago, he was down more than 2k...If he avoided 1500 in repairs, the dealer has to pay out at least 500 in labor, parts and overhead to do them anyway

************************************************ What they gave me for trade is roughly the value of the car which is roughly the balance of the original loan. You can call it a wash that I walked away from.

I don't know (or care) if the dealer will do any repairs or not. Visibly, the tires are above the wear indicators, but not for long. Same with the brakes. They can go another few thousand, the drums are still smooth too. Given the miles, it may go to auction anyway. The paint has one minor spot on the bumper, about 1/8" wide by 1" long. Touched up properly, you'd never see it. Mats show no wear but need cleaning.

As I said, the dealer is very motivated to move cars right now. There was an online Yahoo article last week that from now to the end of the year are the best deals.

Don't forget that you get an extra tax offset which only happens in

2009. See

Thanks for the link. The dealer mentioned it, but I was not aware of it before that. I also bought a new boiler and will get a tax credit for that and the state already gave me a $500 rebate (and a 1099 form) Your tax dollars at work.