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Discussion Starter · #101 · (Edited)
i'm looking for a 3.8gt with nav.
I would prefer auto since i've read on here that it's actually better in this model. But I don't mind manual and for a good price would gladly take one.
I will be financing
3.8 gt Manual (0% financing)

Invoice: 33,850
Freight: 1,565
A/C Tax: 100
Markup: 300
Discount (Hyundai Canada incentive): 1000
Subtotal: 34,815

34,815 * 1.13 + 300 = $39,640.95 OTD

3.8 gt Auto (0% financing)

Invoice: 35,508
Freight: 1,565
A/C Tax: 100
Markup: 300
Discount (Hyundai Canada incentive): 1000
Subtotal: 36,473

36,473 * 1.13 + 300 = $41,514.49 OTD

This is if you take the 0% financing for 60 months. The $1000 discount is stackable with the 0% financing. There's also a $4000 cash discount if you choose to pay for the car in full in cash. If you choose to finance at the dealer while financing at the same time, you can finance at a rate of 3.15%.

3.8 gt Manual ($4000 cash discount, 3.15% financing)

Invoice: 33,850
Freight: 1,565
A/C Tax: 100
Markup: 300
Discount (Hyundai Canada incentive): 4000
Subtotal: 31,815

31,815 * 1.13 + 300 = $36,250.95 OTD

Total cost including interest: $36,250.95 + $3584.49 = $39,835.44

3.8 gt Auto ($4000 cash discount, 3.15% financing)

Invoice: 35,508
Freight: 1,565
A/C Tax: 100
Markup: 300
Discount (Hyundai Canada incentive): 4000
Subtotal: 33,473

33,473 * 1.13 + 300 = $38,124.49 OTD

Total cost including interest: $38,124.49 + $3769.43 = $41,893.92

Whether you pick the 0% financing or the $4000 cash discount with 3.15% financing depends on if you will have a down payment. You can then recalculate the final cost and see which one saves you more money in the end. I used this to calculate the amount of interest:
http://www.tdcanadatrust.com/lending/tools/loan_calc.jsp
 

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3.8 gt Manual (0% financing)

Invoice: 33,850
Freight: 1,565
A/C Tax: 100
Markup: 300
Discount (Hyundai Canada incentive): 1000
Subtotal: 34,815

34,815 * 1.13 + 300 = $39,640.95 OTD

3.8 gt Auto (0% financing)

Invoice: 35,508
Freight: 1,565
A/C Tax: 100
Markup: 300
Discount (Hyundai Canada incentive): 1000
Subtotal: 36,473

36,473 * 1.13 + 300 = $41,514.49 OTD

This is if you take the 0% financing for 60 months. The $1000 discount is stackable with the 0% financing. There's also a $4000 cash discount if you choose to pay for the car in full in cash. If you choose to finance at the dealer while financing at the same time, you can finance at a rate of 3.15%.

3.8 gt Manual ($4000 cash discount, 3.15% financing)

Invoice: 33,850
Freight: 1,565
A/C Tax: 100
Markup: 300
Discount (Hyundai Canada incentive): 4000
Subtotal: 31,815

31,815 * 1.13 + 300 = $36,250.95 OTD

Total cost including interest: $36,250.95 + $3584.49 = $39,835.44

3.8 gt Auto ($4000 cash discount, 3.15% financing)

Invoice: 35,508
Freight: 1,565
A/C Tax: 100
Markup: 300
Discount (Hyundai Canada incentive): 4000
Subtotal: 33,473

33,473 * 1.13 + 300 = $38,124.49 OTD

Total cost including interest: $38,124.49 + $3769.43 = $41,893.92

Whether you pick the 0% financing or the $4000 cash discount with 3.15% financing depends on if you will have a down payment. You can then recalculate the final cost and see which one saves you more money in the end. I used this to calculate the amount of interest:
[]
wow, thanks so much

I'm thinking about getting a demo though if i can get it at a good price
 

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3,381 Posts
Discussion Starter · #103 ·
wow, thanks so much

I'm thinking about getting a demo though if i can get it at a good price
You may be able to get a slight discount though I don't have experience in buying a demo car. Keep in mind if you buy a demo car, you're still eligible for either the 0% financing for 60% or $4000 cash discount on cash purchases.
 

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850 Posts
2011 2.0T Base Auto - Retail Price* Wholesale Price**
Base $26,399.00***$24,816.00
Freight $1,565.00***$1,565.00
Optional equipment selected
Totals including all items above $27,964.00***$26,381.00

No incentives this month [as expected]. No leasing.
New November rates:
*************rate*******months
Retail Finance **2.90%****24
Retail Finance **2.90%****36
Retail Finance **2.90%****48
Retail Finance **2.90%****60
Future Value Finance - 60 months term/84 months amortization - except Quebec
********** * **2.99%****60/84
Retail Finance **2.99%****72


:ugh:Anyway definitely waiting till next year :(
 

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2011 2.0T Base Auto - Retail Price* Wholesale Price**
Base $26,399.00***$24,816.00
Freight $1,565.00***$1,565.00
Optional equipment selected
Totals including all items above $27,964.00***$26,381.00

No incentives this month [as expected]. No leasing.
New November rates:
*************rate*******months
Retail Finance **2.90%****24
Retail Finance **2.90%****36
Retail Finance **2.90%****48
Retail Finance **2.90%****60
Future Value Finance - 60 months term/84 months amortization - except Quebec
********** * **2.99%****60/84
Retail Finance **2.99%****72


:ugh:Anyway definitely waiting till next year :(
Why not just get the 2010, I'm sure dealer have leftovers still, you must get automatic?
 

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1 Posts
CCC report for Nov

Incentive Type Value Term Expiry
Cash Incentives
Security Deposit Waiver $0.00 November 30, 2010
Graduate Rebate Program/Factory to Customer Rebate $500.00 November 30, 2010
Clean Air Cash/Factory to Customer Rebate $500.00 November 30, 2010
Dealer Cash/Factory to Dealer Rebate - Please see General Comments $4,500.00 November 30, 2010


it looks like they have the 4500 rebate still aplicable. Im gonna go check tomorrow if it is still valid
 

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3,381 Posts
Discussion Starter · #113 ·
Yea must get automatic... Don't know how to drive standard :( [I'm too lazy to learn too lol]

Plus in the meantime I cut my variable expenses down so that I could have a bigger downpayment come June/July :D
Larger down payment is nice though if you're buying next year in the June/July timeframe, Hyundai might bring back the 0% financing in which case you should put 0% down and jsut throw the money in a savings account or invest in low risk.
 

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Larger down payment is nice though if you're buying next year in the June/July timeframe, Hyundai might bring back the 0% financing in which case you should put 0% down and jsut throw the money in a savings account or invest in low risk.

All in all I would like to keep my monthly payments as low as possible, with the intent of paying off the loan before the maturity date.

So lets say I decide to pay the amount owing in whole after 2 years on a 5 year term, what happens with the interest? Do I have to pay off the contract amount [including interest] or the balance [amount to be financed before interest]?

And would this even be applicable to the 'future value financing' option?
 

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Discussion Starter · #115 ·
All in all I would like to keep my monthly payments as low as possible, with the intent of paying off the loan before the maturity date.

So lets say I decide to pay the amount owing in whole after 2 years on a 5 year term, what happens with the interest? Do I have to pay off the contract amount [including interest] or the balance [amount to be financed before interest]?

And would this even be applicable to the 'future value financing' option?
It all depends on the interest rate. If at the time of purchase you have an actual interest rate, you should put a down payment because you would be paying interest. However, if you get 0% financing you should never put a down payment (even if you want lower payments) since you get greater returns on your money elsewhere (even just throwing it into a savings account nets you greater returns).

In the case where you have an interest rate and want to pay it off early, I'm not sure how Hyundai does it but I know for Kia, you can pay it off early without a penalty in order to reduce the amount of interest you pay over the life of your loan.

I would personally never go for the future value financing since if you actually calculate it out, you end up paying more (total amount) for the car/loan.
 

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Thanks for all the great info. I am looking at getting a 2010 in Feb 2011, my questions are these:
1. The dealer is telling me the factory rebate is $5000 + 1000 right now, is this accurate? And in June 2010 they were offering $4000 rebates, as it is now Feb 2011 is $5000 reasonable or is there more negotiating room?
2. Also, the Hyundai web site now is offering .9% for Future Vale Financing and 0% for traditional financing, is this available with the above rebates? I there any info form Hyundai to get this info officially from them rather than the dealer?
 
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