We were told the same thing by our dealer. I was even told we needed to make a minimum of 4 payments before we could "refinance". The salesman also told me that we could only put $ 2,000.00 down and I'd much rather put $ 10,000 down.We ordered ($500 fully refundable deposit if you don't purchase car) a 2023 White/Beige Limited from Bachman Hyundai in Jeffersonville, IN agreeing at MSRP. I will caveat, it should come in a month, so I haven't gone through the whole financing or "hidden costs". But they did state if buying at MSRP, the financing has to go through them which was fine with us
They don't HAVE to sell you the car. They are within their rights to say if you don't want to finance through them, they'll sell the car to someone who does. There's no rule saying you have to finance through them, but they can make it a condition of the sale.We were told the same thing by our dealer. I was even told we needed to make a minimum of 4 payments before we could "refinance". The salesman also told me that we could only put $ 2,000.00 down and I'd much rather put $ 10,000 down.
I wasn't too concerned until I saw that the interest rate being charged by Hyundai at the time was 5.99% and I can get financing at 1.99% though a financial institution I have accounts with.
If the dealer tells me again that I HAVE to finance through them I'm going to ask them where that is written down. We're planning on paying off the car in 6 months but the difference between 1.99% and 5.99% even for 6 months is about $ 500.00 dollars.
Bottom line is if they tell me ANYTHING is required they better be able to show me, IN WRITING, where they're pulling that from.
I guess it will be a fun time at the dealership once the car arrives in 2 weeks.
Was their agreement to sell you the car verbal too?they did. But it was verbal and not written anywhere I could see.
I noticed no Arizona dealers on the list. Larry Miller Hyundai states they are a MSRP dealer. We have a deposit down on a 2023 Palisade Calligraphy. How do we know if they are asking more than MSRP? I do notice a $797 window tint, door edge guard and Nitro tires added to the price. We were told that was negotiable. Do they not sell you the car without it?
No the salesman filled out what I will call a purchase order.Was their agreement to sell you the car verbal too?
Well, like dan924 says, you might be paying a little over sticker, despite a nominal MSRP sale. How much is 4 months of a higher interest rate and a higher principal than you'd like going to cost you in dollar terms? Sounds like you have to figure out how much that is and if its worth it to you to pay.No the salesman filled out what I will call a purchase order.
I just texted the sales man and he is confirming the limit on down-payment to $ 2,000 and a minimum of 4 payments the HMF. And he's 'guessing' an Interest Rate between 7.49% and 7.99%. Our Credit Score is 835 and their quoting me an IR of 7.49%?
Thats a mark up price unless you have the option to forgo those add onsI noticed no Arizona dealers on the list. Larry Miller Hyundai states they are a MSRP dealer. We have a deposit down on a 2023 Palisade Calligraphy. How do we know if they are asking more than MSRP? I do notice a $797 window tint, door edge guard and Nitro tires added to the price. We were told that was negotiable. Do they not sell you the car without it?
Oh man your so close to telling me which ones in NC dont do a mark up!Here are my notes from my recent search for a 2023 Calligraphy in Moonlight Cloud / black interior. For reference, I’m near New Orleans and was willing to drive to Mississippi, Alabama, Tennessee, Arkansas, or Texas for the right deal.
The extra leg work saved me $3000 in markups from my local dealers in Louisiana.
Good Luck with your searches!
-Allison K.
Alabama (AL) HYUNDAI OF AUBURN has $1500 markup
Alabama (AL) MITCHELL HYUNDAI has $4297 markup, dealt with Clay over the phone for some back and forth negotiations
Alabama (AL) CAPITOL HYUNDAI has $1995 in required protection plan purchases
Alabama (AL) EASTERN SHORE HYUNDAI has $5000 markup
Louisiana (LA) HYUNDAI OF METAIRIE has $5000 markup; through a bunch of back and forth, they came down to an equivalent markup of around $3000; I dealt with Taylor
Louisiana (LA) EDDIE TOURELLES NORTHPARK HYUNDAI; through a bunch of back and forth, they came down to an equivalent markup of around $3500; I dealt with John
Mississippi (MS) COLUMBUS HYUNDAI has $2590 markup
Mississippi (MS) BARNES CROSSING HYUNDAI has $5000 in protection plan purchases
*** Mississippi (MS) HOMER SKELTON HYUNDAI - no markup, TTL. & $425 in doc fees ONLY. This is who I reserved mine with: [email protected]
*** Tennessee (TN) GOSSETT HYUNDAI - no markup; I spoke to Felecia; everything allocated as of 7/29 was already reserved; definitely worth reaching out to though
*** Tennessee (TN) HALLMARK HYUNDAI - no markup; but supposedly wouldn't sell to someone out of state due to the high demand ….....
