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Hey Ken, Thx. But I believe in time that Hyundai will hopefully gave the Genesis sedans incentives, rebates and low interest-rates (0.9% to 3.9%) like their SUV's (Tucson, Santa Fe and VeraCruz) due to high gas prices and our country poor economy. The Hyundai dealerships of southern / mid-west US states (AL, TN, MS, LA, OK, NM, AR & TX) are now receiving these incentives. soon throught-out the entire country.
Thanks for the info, I haven't been able to get any type of rates from them. I am getting my dad to cosign for me so I can get a decent rate, but I think I will try to eschew the financing through the dealer if that's the kind of interest rate I am looking at.
dsu000, just some things you should know about the college grad rebate. to get the rebate, you have to finance with hyundai, and hyundai doesn't offer rates anywhere near 5% (in fact, no non-credit union banks offer rates anywhere near that either, and even most credit unions are closer to 6%). From what i have researched about the college grad money, hyundai will put you in their B tier credit rating (providing you have great credit) and the rate will start close to 10%.
I'm going to be buying an 07' Elantra in the next week or so, looking for the GLS with pop package, I read through this and have seen people get it for 14400 or 14200 OTD. So far the only place that has gotten back to me has had a list price of 15700 or so. I am a recent college grad and thinking about using that rebate as well (as long as I get the interest rate around 5%) so should I be trying to get it for around 14000 OTD or is that too low? I figure 1400 in incentives, the Sales Tax here is 5%, I am definitely not going to go over 14500 OTD at this point though, especially considering I am looking for a manual and not an Auto. I guess that 14400 OTD was with an auto? The person didn't say. I really don't want to wait any longer but I guess if I think I can get it for under 14000 OTD it would be worth waiting. Any advice or thoughts on if I should be able to get 14000 OTD or what would be a reasonable price down here? There are 3 dealerships within about 60-100 miles that I am trying to deal with, it seems most of them just carry the auto with GLS so I may have to settle for that. Also any advice on negotiating or how to deal with the dealer as far as getting them to throw in extras like mats and stuff would be greatly appreciated, not important but I see people getting that thrown in and stuff, I guess it just depends on the dealer.
Thanks. I am still learning :-) We are a military family and while we live in MS, we will have to register the car in IL. Tax rate there is 6.75%, documentation fee about $58,00. Our rebate would amount to $1,000 plus %500,00 military discount. Financing is not necessary. If I take the higher of the two amounts you stated, I am looking at 25,623 plus 6.75% tax ( $ 1,730.00 ) plus documentation fee of $58,00 minus $1,500 rebate. That would bring me to $25,911.00 . I was willing to go up to $26,000 so I am right in that ballpark but $27,000 did seem steep. The other option is the SE without the premium package which would add up to about $24,300.00. I was already offered $24,800.00 so I'll counteroffer with 24,000.00 and see what happens :-)
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