Just purchased a new 2025 Santa Fe Calligraphy FWD (ICE) model in white.
Decided to buy one due to the current 0% APR Hyundai promotions.
Dealer’s MSRP was $49,200 for the car + $3000 in dealer add-ons that of course was not mentioned on their website. I immediately laughed and proceeded to spend 7 hours at the dealership negotiating and dismantling their stupid pricing structure (includes test drive time).
Results:
Talked dealer into bringing the price down to $45,100 before taxes and fees. My total OTD price was $46,600.
I saved $2k in taxes due to having a trade-in. And I put my $6,600 positive equity from my trade into the final price. So the net of the deal with trade-in was $40,000 OTD.
I ended up financing the $40,000 with Hyundai @ a rate of 2.99%.
I have a perfect 850 credit score but the dealer said the promotional 0% and 1.99% APR rates didn’t apply to my deal due to the rebates they applied to my pricing. I only get promotional rates if I pay full price. Is this true???
Either way, I’m OK with 2.99% APR since it’s a pretty good rate in this market. My credit union, which has pretty good rates, can’t even get close to 2.99%.
I also bought Hyundai’s extended “bumper to bumper” warranty for an additional $600 giving me coverage to 6 years or 75,000 miles. Is this a good deal?? (By the time I got to the F&I guy, it was closing time and we were both exhausted. He said he would give me the warranty for “$1 above cost” to make things go faster and I felt like it was a great deal.)
I’m quite happy with this deal but just wanted to see with the sub how it looks. Thanks for any feedback.
Aside: I traded in a fully loaded 2020 Mercedes GLE350 and I can say the new Santa Fe is a way better car…
