Hyundai
Hyundai Sante Fe and Tucson 0% financing for 72m and 6m payment deferral
- SCORE
- Reason
Score breakdown ×
- Upvote
-
0%
- Not a good price
-
0%
- Bad product/service
-
0%
- Poor merchant reputation
-
0%
- Unable to get the deal
-
0%
- Other (downvote)
-
0%
- bobcat99
- Deal Guru
- Jul 20, 2006
- 12734 posts
- 6256 upvotes
- Samshares
- Deal Addict
- May 29, 2017
- 2628 posts
- 3024 upvotes
- Canada
What are the actual savings? Anyone done the breakdown.
We all know nothing is ever 0%, so how much of that is added to the final price to make it up?
We all know nothing is ever 0%, so how much of that is added to the final price to make it up?
USA eSIM Free Trials
Telus: $30/75GB CA/US x4 • $0 X00GB Bonus • $0 AW x2 • $0 CA/US Tablet SIM(x4) | Freedom: $27.50 30GB CA/1GB USA • $25/Year Unlimited T/T/7GB/Mo Data
- ZeroToHero
- Sr. Member
- Dec 31, 2010
- 923 posts
- 460 upvotes
- Richmond Hill
- Shininggg
- Newbie
- Nov 26, 2013
- 41 posts
- 34 upvotes
- Saint-Chrysostome
- Shininggg
- Newbie
- Nov 26, 2013
- 41 posts
- 34 upvotes
- Saint-Chrysostome
I bought one of the last 2012 model in the province. Both engine started showing sign around 125k-135kZeroToHero wrote: ↑ Good on you for following through. What year and mileage was/is your Tucson?
- molybdenum
- Deal Addict
- Jan 19, 2011
- 1755 posts
- 1353 upvotes
- Montreal
- divx
- Deal Expert
- Oct 26, 2003
- 39339 posts
- 6342 upvotes
- Winnipeg
Yes I get it, the 0% financing is a good deal.molybdenum wrote: ↑ I think you're missing the entire point of this thread...
- ZeroToHero
- Sr. Member
- Dec 31, 2010
- 923 posts
- 460 upvotes
- Richmond Hill
- ryyeung
- Sr. Member
- Oct 31, 2005
- 702 posts
- 268 upvotes
- ryyeung
- Sr. Member
- Oct 31, 2005
- 702 posts
- 268 upvotes
You have to do your math and it's dependent on vehicle. The one I was looking at is Sante Fe Ultimate
1) Get 0% financing for 84 month
2) Get a $2000 upfront rebate for cash payment (off a $50K-ish vehicle)
I google "cash rebate or financing" and a bunch of websites help you calculate it. But at today's interest rates, the financing option was actually CHEAPER by about $2000. So you can't say 0% is better, or get a cash rebate is better. Really situation dependent. You just need to be open minded (and have saved enough) for either option. I'm have enough in the bank for a cash payment, but lucky enough that I am in a position to choose either option 1 or 2.
I listen to Dave Ramsey and how he hates debt. I think that's true that people over-extend themselves and look at monthly payment only, but if you can comfortably afford cash, you need to do the calculation between cash and finance. Cash is NOT always king.
I'm ignoring your negotiation skills as you would get whatever savings you negotiate regardless of option 1 or 2 above.
- Messerschmitt
- Banned
- Jul 17, 2008
- 11042 posts
- 3878 upvotes
- ryyeung
- Sr. Member
- Oct 31, 2005
- 702 posts
- 268 upvotes
It's vehicle dependent. I actually bought my last car with this thread: 2013-hyundai-sonata-hybrid-24778-70-wth ... s-1384563/. You got $5000 off a $30000 car and 0% for 24 months (it's free money, why not) - but it was going through a refresh hence the big discounts. I also negotiated another $1200 or something off the price. Still driving it to this day, 120000 kms and counting.Nemrod wrote: ↑ Math is hard.
The difference between financing and not is the cash discount times the tax. If you get a $2k discount for paying cash, you save $2260 ($2000 * 1.13).
A $2k cash discount is low. When I bought my car around 7 years ago the cash discount was around $3k on a ~$36k or so purchase (I don't remember the exact amount). That's better than the discount ($2k) you'd apparently get on a ~$50k purchase.
Now in the market for Sante Fe or Palisade as second vehicle.
- onefgc
- Member
- Apr 16, 2020
- 279 posts
- 277 upvotes
- Ottawa
Reliability ratings for:
Santa Fe Sorento Rav4 CR-V
Santa Fe Sorento Rav4 CR-V
- PokerM
- Jr. Member
- Mar 24, 2018
- 120 posts
- 147 upvotes
That's some good data. What I see is avoid the first year of a new generation (Santa Fe 2013), which would be also the case with the current model year (2020). The Tucson is at the end of its run, so should be relatively safe.
- onefgc
- Member
- Apr 16, 2020
- 279 posts
- 277 upvotes
- Ottawa
It is important to note how reliability of the Santa Fe fares when it ages, compared to Toyota/Honda.
The CR-V, 2017+, has been a bit troublesome due to the 1.5L turbo engine (gas/oil dilution).
- lleb13
- Deal Addict
- Aug 27, 2009
- 1448 posts
- 1792 upvotes
Cool thanks.
I like that in car electronics gets the only knock but the Santa Fe gets an overall yellow rating (2 notches down).
Its got identical ratings as the CR-V but overall it's worse. Super weird.
Last edited by lleb13 on May 27th, 2020 9:34 pm, edited 1 time in total.
- Amensalism
- Newbie
- Apr 27, 2020
- 9 posts
- 7 upvotes
Finalized a deal today for the Tucson!
Will be interesting to see what the next gen of Tucson brings.
Will be interesting to see what the next gen of Tucson brings.
- KanishkK63570
- Newbie
- Apr 30, 2020
- 1 posts
- 1 upvote
His point *is* that a longer financial term *will* promote an unhealthy financial decision for most people. Hence saying it’s a *horrible* financial decision is absolutely justified and more an exercise in semantics. Others, who understand time value of money, can do compound interest formulas - will always know what you know. They’re not likely to say oh! So horrible - I’m underwater on my car, mortgage or whatever. They know what they enjoyed with those low payments. For a huge majority of the populace however buying a car is done with the “most payment per month” you can afford without blowing up a monthly budget. It makes you buy more car than you need and certainly more car than what you can afford. Furthermore - confusing as it may be - a cars depreciation and financing should be made transparent at the time of purchase so people know what they’re getting into beforehand. Knowing ahead of time when you’re going to go underwater on your asset purchase will prevent the said *horrible* financial decision.
- pete
- Deal Addict
- Mar 27, 2002
- 2080 posts
- 433 upvotes
- Montreal
So what type of pricing are people actually getting? I'm on my second Santa Fe (2016 2.0T) and would consider upgrading to a newer model if the price is right.
- JIB9022
- Deal Addict
- Feb 14, 2016
- 1832 posts
- 1223 upvotes
what was ur price? trim?Amensalism wrote: ↑ Finalized a deal today for the Tucson!
Will be interesting to see what the next gen of Tucson brings.
Thread Information
There is currently 1 user viewing this thread. (0 members and 1 guest)