Last post on Oct 20, 2013 at 6:24 AM
You are in the Hyundai Azera
What is this discussion about?
Hyundai Azera, Sedan
#508 of 4303 Re: Sat in an Azera on Saturday [jeffreid]
Dec 09, 2005 (6:38 am)
I don't mean to be a pig on why I am disappointed in the Azera's pricing model but let me share some insights that justifies my concerns on why I need safety in the cost of ownership equation which for the Azera means cover your ass on the front end so you are not sitting on a book hit when you sell or trade at the Azera's end of life.
Here is a dose of valuable "cost of ownership" information based on Edmund's published numbers:
2002 Make/Model: DealerTrade,PrivateSale,Dealer Retail
XG350 Loaded: $7,632.00,$8,830.00,$10,850.00
Sonata GLS: $5,865.00,$7,004.00,$8,998.00
Corolla LE Manual: $8,872.00,$9,860.00,$11,695.00
I am using the Corolla against the top two 2002 Hyundai's, it's a more dismal cost of ownership calculation if I use the Camry or Avalon.
The Azera may ride like a freaking dream today but the cars don't maintain value. The Avalon is a far better deal at even 10K more.
I do like the rear end lights on the Azera I just don't want them blinking on my rear end when I try to sell/trade it in 2010. ">
#509 of 4303 Re: Sat in an Azera on Saturday [own3hyundais]
Dec 09, 2005 (8:02 am)
The information you provided are pretty meaningless unless you provide the original sales prices. Sure the trade in value of the Sonata is 2/3rds that of the Corolla, but how much would you have paid for both brand new?
#510 of 4303 Re: Sat in an Azera on Saturday [own3hyundais]
Dec 09, 2005 (9:09 am)
You said, "I am using the Corolla against the top two 2002 Hyundai's, it's a more dismal cost of ownership calculation if I use the Camry or Avalon."
How about posting the numbers for Camry and Avalon. That is more like apples to apples.
Percentagewise, the basic cheapest car usually has the best resale value, like a Honda Civic base model does.
#511 of 4303 Re: Sat in an Azera on Saturday [snakeweasel]
Dec 09, 2005 (10:20 am)
I use the calculation that a dollar is a dollar and that my money is my money. If you want to be protected against Azera's potentially poor residual value you better make sure you get your exposure covered with a discounted purchase price. Seems very logical to me.
Industry Brand Residual Value Rankings
Only brands above the industry average were ranked. Below industry average were the following brands (listed in alphabetical order): Buick, Chevrolet, Dodge, Hyundai, Isuzu, Kia, Mercury, Mitsubishi, Pontiac, Saturn, and Suzuki.
www.alg.com american leasing group
#512 of 4303 Leasing Azera LTD.
Dec 09, 2005 (10:30 am)
the azeras have hit the streets in NC; my wife drove one yesterday. We're looking at leasing a Azera LTD without the Ultimate Package (no sunroof, rain senser wiper, no adjustable foot pedal, no high end radio) but still it seems to be a lot of car for the $$. We need the size, safety, features and comfort etc. We have test driven a lot of cars (mostly foreign) over the past year or so in order to find out what segment of vehicle we really needed (value) and wanted (like): Toy Avalon, 4runner, Highlander; Lexus RX330, ES330; Infinity M35; Hyundia Sonata; Honda Pilot, Accord, CRV; Acura MDX; Chevy Impala etc.
So here we are, we think we want an Azera.
My question is about leasing. I wanted to know ins and outs of leasing an Azera.
We're looking for 39 months or 3 year or less lease with 15k miles a year.
The Azera list approx $27k
Help me out if you can here!
#513 of 4303 Re: Sat in an Azera on Saturday [averigejoe]
Dec 09, 2005 (10:33 am)
My opinion is that Hyundai blew it with the Azera.
Very disappointing. Very me too. Very poor rollout.
Very limited selections. Very easy to look around the dealer lot at all the new 350's and pity current 350 owners.
I mean lets get serious people are pointing out that it has new fangled water activated wipers and nice lights.
Somehow I think the Japanese car company designers would at least have done the honorable thing and killed themselves if they invested the time and energy, capital budgets, and then staked their reputations on what turned out to be the 2006 Azera.
It's dead in the water.
#514 of 4303 Re: Sat in an Azera on Saturday [own3hyundais]
Dec 09, 2005 (10:39 am)
Again I say your numbers are meaningless without what the original purchase prices were. Saying car "A" is better than car "B" because its trade in value after 3 years is $3,000 more is a false statement if car "A" original cost is $4,000 more. So your figures are nothing without a starting point.
#515 of 4303 Take a deep breath
Dec 09, 2005 (11:10 am)
If we take a look at resale values of Toyota/Honda 10-15 years ago, I have a deep feeling that they are not close to what they are today. In a very similar light, I would propose that your point on the Corolla and Avalon resale issues vs. the 2002 models Hyundai vehicles is a good point. However, when you roll out new (and might I add, VERY good products in the Azera, Sonata, and Tucson) products that the public sees are made well and hold up over time, those vehicles begin to bring more later on due to the fact that they are easier for a dealer to resell on their used car lots.
Now lets look and see something here. Would I rather drive a XG350 or an Azera? Would I rather drive a Sonata of any year (although my 2002 was pretty decent) vs. a 2006 Sonata that can run right with a Camry in every category, and be better in many? Point is, now that Hyundai has products that actually are as GOOD as their competition, not just "for the price", but straight-up, head-to-head, as good, you will see them over the next couple of years gain in trust and popularity. When you see that, you will, without a doubt, see resale values rise.
On one other thing. What do you mean on the very limited selections comment? I am confused on that. Do you mean current dealer inventories, or do you mean something about the car itself? The Camry is the best selling car in this country, and if it isn't "me too", I'm not sure what is. Mainstream buyers DO NOT flock to wild designs. That is just the way that it works. Especially, the Azera and Avalon's target audience.
If a car with more interior volume, more legroom (front), more torque (very close in HP), said Lexus quality interior in craftsmanship and quiet, a stellar warranty, and a great cost savings is blowing it, what do you want? If the car was better in EVERY respect to the Avalon, would it be dead in the water? I ask this b/c it DOES win a large number of the head-to-head battles, and it does it a lesser cost!! Oh, and in 5 years (when you want to trade)when the resale values are catching up, we'll have that too I guess.
#516 of 4303 Re: Sat in an Azera on Saturday [snakeweasel]
Dec 09, 2005 (11:12 am)
Historical data 2002 models
Sonata 6cyc, cloth
Dealer Trade 5,865
Invoice - DT = 8,239
Corolla LE 4DR
Dealer Trade 8,872
Invoice - DT = 2,639
Avalon, XL 6cyc
Dealer Trade 13,718
Invoice - Dealer Trade = 9,282
If I'm spending money then for a thousand dollars difference I'm buying the Avalon. If I'm thinking that $5,600.00 is a lot of money then the Corolla is a slam dunk over the Sonata.
Dec 09, 2005 (11:12 am)
There is a 27 month $299 lease that is running currently on Limited Azera's. With $2925 down. 12k miles a year.