Hyundai Santa Cruz Forum banner
1 - 20 of 21 Posts

·
Registered
Joined
·
115 Posts
Discussion Starter · #1 ·
Still twiddling my thumbs impatiently waiting for the time to buy.. and then I see vids talking about since the chip shortage pricing of chips are going up.. which in turn will make cars prices go up (maybe 8-10%) and financing is supposed to also be raising up in the near future... Is it worth waiting?! I don't ever think prices will drop once people are used to paying more. What's y'alls opinion on this?
 

·
Registered
Joined
·
495 Posts
Still twiddling my thumbs impatiently waiting for the time to buy.. and then I see vids talking about since the chip shortage pricing of chips are going up.. which in turn will make cars prices go up (maybe 8-10%) and financing is supposed to also be raising up in the near future... Is it worth waiting?! I don't ever think prices will drop once people are used to paying more. What's y'alls opinion on this?
Industry news is no chip shortage relief until Q2 2022. Hyundai has ~15 day inventory which is half of normal. Prices will remain high, trade in values as well. Possible rate increases in November, but low rates and longer terms (due to high purchase prices) like 60, 72 and even 84 months will continue into 2022.
 

·
Registered
2022 SC Limited Hampton Grey
Joined
·
228 Posts
I don't see the MSRP on vehicles going up. Automakers are still leaving money on the table by not having enough supply, and if and when supply catches up I don't think they would want to have discouraged buyers by increasing their "advertised" price.

I think if anything the automakers might be scheming at is how they break away from the dealer system and start more direct sales. And as much as I would like direct sales for automakers the biggest benefit there is it will allow them to better control pricing.

For next year I would bet more then increasing MSRP's to instead expect it to be even harder to find the base model of cars as they focus their manufacturing on higher priced trims.
 

·
Registered
Joined
·
73 Posts
MSRP will most certainly go up due to inflation and manufacturing costs. I've been keeping track of Dodge Challenger prices for the past 18 months, for example, since I want to get another one, and their price has gone up steadily at a few hundred dollars every quarter. The only way we will pay less is if the economy stabilizes (unlikely with who's in charge), parts become readily available again and production increases to where there is a glut of new cars again and rebates will return. Other than that, we definitely will keep paying more and more.
 

·
Registered
Joined
·
1,906 Posts
I've been keeping track of Dodge Challenger prices for the past 18 months, for example, since I want to get another one, and their price has gone up steadily at a few hundred dollars every quarter.
Dealer price yes, but the MSRP? Never seen that even with massively in demand and short C8 production. MSRP only changes with a new model year to account for inflation.

I’ve been monitoring SC inventory and it’s slowly creeping up. However I doubt you’ll see any discounts this year or next year. Be prepared to pay MSRP for awhile.
 

·
Registered
2022 SC Limited Hampton Grey
Joined
·
228 Posts
MSRP will most certainly go up due to inflation and manufacturing costs. I've been keeping track of Dodge Challenger prices for the past 18 months, for example, since I want to get another one, and their price has gone up steadily at a few hundred dollars every quarter. The only way we will pay less is if the economy stabilizes (unlikely with who's in charge), parts become readily available again and production increases to where there is a glut of new cars again and rebates will return. Other than that, we definitely will keep paying more and more.
I agree MSRP may go up a few hundred with the next model year. But I think the implication is the manufacturers might up the MSRP to match the premiums above MSRP many have been paying. And I don't think that's likely.
 

·
Registered
Joined
·
73 Posts
Dealer price yes, but the MSRP? Never seen that even with massively in demand and short C8 production. MSRP only changes with a new model year to account for inflation.

I’ve been monitoring SC inventory and it’s slowly creeping up. However I doubt you’ll see any discounts this year or next year. Be prepared to pay MSRP for awhile.
Base MSRP on the Monroney sticker for a Challenger was just over 28K for the SXT trim at the beginning of the model year. Now it's 29.5K plus they raised the cost of individual options and shipping. The higher trims also increased. So I can't speak to the C8 pricing but obviously the blanket statement of MSRP only changes with model year is incorrect. It looks to me that FCA is adjusting for the rampant inflation quarterly. These are made in Canada, maybe that also has an impact.
 

·
Registered
Joined
·
4 Posts
Still twiddling my thumbs impatiently waiting for the time to buy.. and then I see vids talking about since the chip shortage pricing of chips are going up.. which in turn will make cars prices go up (maybe 8-10%) and financing is supposed to also be raising up in the near future... Is it worth waiting?! I don't ever think prices will drop once people are used to paying more. What's y'alls opinion on this?
Like you I watched what was coming to local dealer and jumped on an SEL with 02 Package. Was looking at getting the 500 w/2.5 APR or 1.9 financing w/HMF. Filled out the forms for loan and put a deposit of $1000. on vehicle. On the way out the salesman said " If the SC isn't on the lot by 11/1/21 I might not get the financing offers". WTF. SC is due in 11/16. My only hope is that they extend the offers. If not I will walk.
 

·
Registered
Joined
·
356 Posts
Like you I watched what was coming to local dealer and jumped on an SEL with 02 Package. Was looking at getting the 500 w/2.5 APR or 1.9 financing w/HMF. Filled out the forms for loan and put a deposit of $1000. on vehicle. On the way out the salesman said " If the SC isn't on the lot by 11/1/21 I might not get the financing offers". WTF. SC is due in 11/16. My only hope is that they extend the offers. If not I will walk.
Most likely the financing will hold if they want to keep people interested. After all you will get to kick the dog only once before it'll bite you.
I'm doing the same deal except I get the vet discount w/ 2.5 for 60 mos. I just pay it off after couple of payments.
 

·
Registered
Joined
·
356 Posts
Yes, same here on the Vet discount. That will still be available for a few months. I did like you on my Elantra GT made a few payments and payed it off. I was just thinking that having a bit of debt will help keep my credit rating high since I have only 1 credit card and pay everything off on time.
Great minds think alike ;)
 

·
Registered
Joined
·
520 Posts
Like you I watched what was coming to local dealer and jumped on an SEL with 02 Package. Was looking at getting the 500 w/2.5 APR or 1.9 financing w/HMF. Filled out the forms for loan and put a deposit of $1000. on vehicle. On the way out the salesman said " If the SC isn't on the lot by 11/1/21 I might not get the financing offers". WTF. SC is due in 11/16. My only hope is that they extend the offers. If not I will walk.
Financing is still pretty low across the board - I actually got 2.5% for 72 months which was below the Hyundai rate of 2.9% (that's of course after they came at me with 4.5% and I told them about the Hyundai 2.9% - then they mysteriously found the 2.5%). I plan to have it paid off in three years or so but wanted the lower payment just in case.
 

·
Registered
2021 Honda Ridgeline
Joined
·
598 Posts
The folks over at YAA (YouTube) channel are still advocating leasing over buying at this time, especially if you have to pay over MSRP for the SC. The reason being, lease rates are good and the residuals are extremely high which makes for a lower payment.
 

·
Registered
Joined
·
520 Posts
The folks over at YAA (YouTube) channel are still advocating leasing over buying at this time, especially if you have to pay over MSRP for the SC. The reason being, lease rates are good and the residuals are extremely high which makes for a lower payment.
I've never seen the logic in a lease - you pay on it for three years (or however long) and after that time you have nothing to show for it. Kind of like renting an apartment. Just my opinion though - it works for some people I suppose
 

·
Registered
2022 Santa Cruz SE NA-FWD
Joined
·
921 Posts
Financing is still pretty low across the board - I actually got 2.5% for 72 months which was below the Hyundai rate of 2.9% (that's of course after they came at me with 4.5% and I told them about the Hyundai 2.9% - then they mysteriously found the 2.5%). I plan to have it paid off in three years or so but wanted the lower payment just in case.
We got 2.49% @ 84 with the plan to payoff early also.. I always like a buffer incase of unforeseen problems that could creep up
 

·
Registered
Joined
·
520 Posts
We got 2.89% @ 84 with the plan to payoff early also.. I always like a buffer incase of unforeseen problems that could creep up
Yep it's nice to have that fall back just in case! This month my personal property tax came due (Virgina car tax) and it's a lot more then the tax was for my 07 Vera Cruz! Happy to have that smaller payment in this case. But we don't have local/county income tax so...
 

·
Registered
Hampton gray SEL Premium
Joined
·
44 Posts
Didn't want to start a new thread. Has anyone heard rumors that MSRP will go up on January 1, 2022? Mine is supposed to be delivered on Jan 14th. Pricing is MSRP.
 

·
Registered
Joined
·
1,906 Posts
Did you sign a contract with an agreed upon price using a final number? Until you actually take delivery and become the owner any number of things could change. It really up to the dealer as they always set the final price.
 

·
Registered
Joined
·
115 Posts
Discussion Starter · #19 ·
Didn't want to start a new thread. Has anyone heard rumors that MSRP will go up on January 1, 2022? Mine is supposed to be delivered on Jan 14th. Pricing is MSRP.
I haven't heard of SC going up, mostly ones with a new model in the 2023 have jacked up their prices significantly from videos I've seen.

But lots of rumors of manufactures considering raising invoice to snatch some of that adjust market pricing from the dealers.
 

·
Registered
Joined
·
90 Posts
Industry news is no chip shortage relief until Q2 2022. Hyundai has ~15 day inventory which is half of normal. Prices will remain high, trade in values as well. Possible rate increases in November, but low rates and longer terms (due to high purchase prices) like 60, 72 and even 84 months will continue into 2022.
Thankfully Hyundai is going to make their own chips. They had a contract with a S.Korean company to make them and they sub- contracted it out to a China company. I think they are on the right page while we Americans never learn. Even Tesla was set to produce their own chips that why they don’t have the problem others have.
 
1 - 20 of 21 Posts
Top