any new rebates, leasing incentive after 3/2/09?

[muisui]

Please share

 

[moose66]

Don't see anything currently posted.

http://www.hyundaiusa.com/financing/specialoffers/special_offers.aspx

 

[caco]

I'm waiting for some new deal before I pull the trigger.

 

[Richard Ft. Lauderdale]

I'm waiting for some new deal before I pull the trigger.

As I stated in another thread the Korean won has dropped by approximately 50% against the US dollar since I bought mine on the last day of July.

It seems to me that the car should be selling for 50% less. If I were buying today I'd go to a dealer and tell them I know they should be paying 50% less than they were in July and not demand but suggest that there shuould be a fair price something considerably less than sticker price. I can't believe that the dealer is paying the same price that they were in July. There may be some back door compensation paid to the dealers that is not reflected on the invoice.

 

[moose66]

A Hyundai/Kia in every driveway at 50% off! I can see no auto manufacturer passing on any savings they may be getting due currency fluctuations. That goes straight to the bottom line! Maybe that is how Hyundai is offering Assurance!

 

[USMA84]

As I stated in another thread the Korean won has dropped by approximately 50% against the US dollar since I bought mine on the last day of July.

It seems to me that the car should be selling for 50% less. If I were buying today I'd go to a dealer and tell them I know they should be paying 50% less than they were in July and not demand but suggest that there shuould be a fair price something considerably less than sticker price. I can't believe that the dealer is paying the same price that they were in July. There may be some back door compensation paid to the dealers that is not reflected on the invoice.

Given the ordering and purchasing of long-lead items, many of which come from outside of Korea, there isn't a direct correlation between currency values and sticker prices. Having said that, if the exchange rate remains at it's current level, it is not unrealistic to expect prices to come down, if not at least remain level.

 

[Richard Ft. Lauderdale]

Given the ordering and purchasing of long-lead items, many of which come from outside of Korea, there isn't a direct correlation between currency values and sticker prices. Having said that, if the exchange rate remains at it's current level, it is not unrealistic to expect prices to come down, if not at least remain level.

I am pretty sure there is a direct correlation between currency values and prices. As you say if the exchange rate remains at its current level it is not unrealistic to expect prices to come down.

The Korean won has done worse than any other Asian currency recently. Currencies fluctuate literally by the second. I don't have any idea what the won will do in the next seven months but I do know what it has done in the last seven months.

Some car sales people do pay attention to these things and I'm sure some are clue less.

When I started shopping for cars, probably in June, I looked at the new Jaguar (I don't recall what it is called but it is quite beautiful), the sales guy tried to give me a push by saying that the cars on the lot were purchased when the Brittish pound was lower and that next week they would be raising the price because there were cars coming in that they paid more for. The pound was around $2.00 at the time. The pound is now worth somewhere around $1.43. I don't know if the price has been reduced but I wouldn't be surprised if he was more willing to deal now.

My point is that if the sales people can use it as a selling point so should the buyer be able to when things have reversed. I don't think you will get 50% off but there will come a time when they will have to reduce the price in some manner be it a discount or a lower sticker price if the won stays where it is or goes lower.

What matters is that right now if Hyundai sells a car at the sticker price they will get approximately 50% more Korean won for it than they did for mine on the last day of July.

Here is the way it works out; in July I paid approximately 40,800,000 won ($40,000) for my car. Today the price would be 62,000,000 won.

The 40,800,000 won that I paid in July would be worth $26,322.58 today.

I wouldn't expect to pay $26,322.58 today but I would expect that a buyer armed with this information might get a better price than I did in July.

 

[PriorityHyundaiVA]

lol, all these comments that im reading are completely off base, there has not been no "hidden" incentives "backdoor" compensations in correlations to the dropping of the won to the dollar. we still have to pay the same thing for the genesis, maybe if yall think why would that affect the pricing, especially of the genesis, it will KILL resale value. im lol'in at all of this nonsense.

 

[Richard Ft. Lauderdale]

lol, all these comments that im reading are completely off base, there has not been no "hidden" incentives "backdoor" compensations in correlations to the dropping of the won to the dollar. we still have to pay the same thing for the genesis, maybe if yall think why would that affect the pricing, especially of the genesis, it will KILL resale value. im lol'in at all of this nonsense.

Hmmmm, could it be that you don't want to kill the golden goose by disclosing the dealer incentives?

I don't know what your position is but maybe they are keeping you in the dark?

I'm sure you are right it will kill resales. They will probably do everything they can to keep prices up.

In one of my prior posts I said the car should be worth 50% less. It does not actually work quite like that.

The US dollar was worth approximately 1020 Korean won on the last day of July. Today March 6th the dollar will fetch 1550 won. Approximately 530 more won for a dollar. Almost 52% more won for a dollar today than the last day of July. I mis-spoke before it is actually not a 50% drop. It would have to go to 2040 won to the dollar to be a 50% drop.

Now, if you believe this will not eventually affect prices in US dollars than you are not living in the real world. As I said I don't know where the won will be in seven months from now but if it continues to drop you will be eating these cars before you get the current sticker price.

I'm not trying to be rude but currency fluctuations do affect prices somewhere down the line. It may not happen overnight but eventually price catch up.

 

[Richard Ft. Lauderdale]

P.S. To my last post.

If the Korean won had gone the other way, from 1020 to the US dollar in July to 490 won to the US dollar today, do you think Hyundai would not raise the price? They would have to.

______________________________

Help support this site so it can continue supporting you!

 

[muisui]

P.S. To my last post.

If the Korean won had gone the other way, from 1020 to the US dollar in July to 490 won to the US dollar today, do you think Hyundai would not raise the price? They would have to.

Not trying to start a flight and please just enjoy the good atmosphere here...

BTW, when I have purchased my BMW about a year ago, there is more than enough rumor said BM will raise price as the dollar is like Sh_t back then. But the price didn't go up. I am sure if you have so much merchandise is travelling aboard, the currency will play a major role on the book. But will it be affecting the US sales price... probably not. As they may end up using a little bit different parts to make up the car to get it with the same price point. For instance when I am having my S4, people in US reported the same chome like rear mirror is made by metal in EU where mine is in Plastic. The seat extension in the driver's side is not available in US model plus all those little things that will add up.

Anyhow, I thank you for all of your info... so, anyone know any rebates flowing around?

 

[PriorityHyundaiVA]

lol, trust me my position allows me to know everything that goes on with the car. especially with todays customer were so much garbage about cars are listed throughout the internet, any decent salesperson who cares is going to go the extra mile to make sure he knows everything because i as a salesperson pride myself in telling customers the truth because i look at everyone like their not going to buy the initial time they come on the lot so you might as well tell them the truth and everything you know because if you dont, they will just find out later then what do you have? NOTHING! I have and never will stoop to a lying level just to sell a daggone vehicle regardless. but thats just me, i cant speak for everyone.

Read my print, "THERE ARE NO REBATES OR INCENTIVES( except for leases) ON THE GENESIS". my question to you is why are you complaining, even if you did pay sticker you saved yourself 10k plus on a similiarly equipped vehicle. i just dont understand the whining, not particularly from you but as a whole. all i hear on this board is thats too much, this too much. try finding something else like it, priced like it...i say again, and thats even at sticker. it just gets annoying when theres so many posts about ways to buy something for nothing instead of more praising hyundai's effort to give you extreme quality for less. i respect everyones opinion but it gets old after awhile.

 

[Richard Ft. Lauderdale]

lol, trust me my position allows me to know everything that goes on with the car. especially with todays customer were so much garbage about cars are listed throughout the internet, any decent salesperson who cares is going to go the extra mile to make sure he knows everything because i as a salesperson pride myself in telling customers the truth because i look at everyone like their not going to buy the initial time they come on the lot so you might as well tell them the truth and everything you know because if you dont, they will just find out later then what do you have? NOTHING! I have and never will stoop to a lying level just to sell a daggone vehicle regardless. but thats just me, i cant speak for everyone.

Read my print, "THERE ARE NO REBATES OR INCENTIVES( except for leases) ON THE GENESIS". my question to you is why are you complaining, even if you did pay sticker you saved yourself 10k plus on a similiarly equipped vehicle. i just dont understand the whining, not particularly from you but as a whole. all i hear on this board is thats too much, this too much. try finding something else like it, priced like it...i say again, and thats even at sticker. it just gets annoying when theres so many posts about ways to buy something for nothing instead of more praising hyundai's effort to give you extreme quality for less. i respect everyones opinion but it gets old after awhile.

I am not complaining. I have said before I have owned three BMWs, still own one, my Genesis is the best car I have ever had. Less than half the price of one of them.

What I am trying to say is that the world is constantly changing and has changed signigicantly since July. If your dealership is not paying less for a car now than it was in July, it most likely will be soon if the crash of the Korean won continues.

It is entirely possible that the crash will reverse and in seven months the won may be back to 1020 per dollar. But that is NOT case as of today.

People buying a car today are thinking twice before they write a check.

The more information they have the better prepared they are when it comes to making a decision as to a major purchase.

I don't pretend to know why the won has crashed. I am absolutely baffeled as to why the US dollar is gaining value against almost all other country's currencies when the US government is throwing trillions of dollars at anything and everything. But it is! Will it continue? I don't know.

 

[muisui]

lol, trust me my position allows me to know everything that goes on with the car. especially with todays customer were so much garbage about cars are listed throughout the internet, any decent salesperson who cares is going to go the extra mile to make sure he knows everything because i as a salesperson pride myself in telling customers the truth because i look at everyone like their not going to buy the initial time they come on the lot so you might as well tell them the truth and everything you know because if you dont, they will just find out later then what do you have? NOTHING! I have and never will stoop to a lying level just to sell a daggone vehicle regardless. but thats just me, i cant speak for everyone.

Read my print, "THERE ARE NO REBATES OR INCENTIVES( except for leases) ON THE GENESIS". my question to you is why are you complaining, even if you did pay sticker you saved yourself 10k plus on a similiarly equipped vehicle. i just dont understand the whining, not particularly from you but as a whole. all i hear on this board is thats too much, this too much. try finding something else like it, priced like it...i say again, and thats even at sticker. it just gets annoying when theres so many posts about ways to buy something for nothing instead of more praising hyundai's effort to give you extreme quality for less. i respect everyones opinion but it gets old after awhile.

Well, you tone is a bit rude to me maybe just me and if you are the saleman of Hyundai, you just post a very negative image about your brands.

I never own a hyundai and after i test drove the genesis, i agreed this car is the best bang of the bucks. however i enjoy the process to hunting a good deal as much as to drive one off the lot.

So, someone may want to spend hours to hammer only $500.0 but someone may want to spend the full sticker to get it in front of everybody. So, this is the beauty of the free market and I admire and respect it.

But as a whole, this is also the best part for this forum to let everyone speaks freely and exchange information where no one can before the internet age.

I thank you for your input... I suppose to buy a genesis in Feb but becaz of the current market, my wife said hold on.... so, I will continue to shop around and continue to ask questions. My take is, if I don't care to give my constructive/positive input... maybe I can just not give any...