How Much Should I Pay: 2007 2008 Hyundai Sonata
Question From Aaron: I am looking at buying a 2007 or 2008 Hyundai Sonata GLS, I4 with approx. 30,000 miles. This will probably be at a dealer. What price range should I be going for?
Queen of the Road: Hi Aaron. Welcome to AutoBragBlog!
For a 2007 Hyundai Sonata 4C Sedan GLS with 30,000 miles, wholesale prices range from $10,000 (being in above average condition) to $8,800 (being in average condition) and $7,600 (being in below average condition). A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $8,700 to $11,300. A private seller will usually aim to sell it for 5%-10%.
For a 2008 Hyundai Sonata 4C Sedan GLS with 30,000 miles, wholesale prices range from $9,600 (being in above average condition) to $9,000 (being in average condition) and $8,400 (being in below average condition). A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $9,600 to $10,900. A private seller will usually aim to sell it for 5%-10%.
Check the carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Here’s a good article to read before continuing: Car Buying Tips From An Insider. Let me know if you have any further car questions.
Good luck and keep us posted on how the purchase goes!
