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Hyundai Genesis Sedan 2009-

5692 messages,  Last post on Nov 25, 2009 at 6:02 AM

You are in the Hyundai Genesis Forum. Your Hosts are pat & karens

What is this discussion about? Hyundai Genesis, Hyundai Genesis Coupe, Concept Cars, Future Vehicle, Coupe, Sedan


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#3695 of 5692
The Big Unknown by ksmigel
Nov 20, 2008 (10:35 pm)
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Replying to: carolinabob (Nov 20, 2008 2:00 pm)

The big risk with the Genesis is resale value, assuming one likes the car and is prepared to pony up the $$$ Hyundai is now asking for it.
 
I've heard all the estimates and projections about residual values on the Genesis, and they remain just that - projections and estimates.
 
Only time will tell if the early adopters are punished excessively or not for buying the first 30k+ Hyundai.
 
We passed on it because of the suspension issues we highlighted before, and which many articles and reviews are starting to mention, but that's just a subjective complaint. Aside from the price tag and suspension, it seems fairly competitive with other cars in the same price range (even though many of those cars are now being sold with larger incentives given the economic morass).
 
Don
#3696 of 5692
Re: The Big Unknown [ksmigel] by joshuag
Nov 20, 2008 (11:52 pm)
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Replying to: ksmigel (Nov 20, 2008 10:35 pm)

That is very true. I bet a lot of people would like to buy the car, but are worried about what it will be worth in a few years. I know this is pretty terrible, but I hope it's low so I can pick one up in a couple of years cheap. If anyone cares, I like the black V8 with tan leather and the tech package. So, don't scratch it and dont put more than 30,000 miles and I will buy it from you in a couple of years for half the price.
#3697 of 5692
Re: The Big Unknown [ksmigel] by tayl0rd
Nov 21, 2008 (6:08 am)
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Replying to: ksmigel (Nov 20, 2008 10:35 pm)

...
 
Only time will tell if the early adopters are punished excessively or not for buying the first 30k+ Hyundai.
 
...

 
That goes for any manufacturer. When the '05 RL came out, a lot of folks jumped on it with it's $50K+ price tag; some folks even paid as much as a $5K markup! That's how enthusiastic they were about it. About a year later, a person could buy a brand new, loaded up RL for around $41K if they searched hard enough. The resale on them is horrendous considering Honda products are supposed to retain value like a one-of-a-kind antique. Anybody who buys an RL gets oiled up in depreciation off the bat, and those early adopters were absolutely slathered in it.
 
But at the end of the day, they all still love their RLs; low resale value and all.
#3698 of 5692
Re: The Big Unknown [ksmigel] by backy
Nov 21, 2008 (7:08 am)
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Replying to: ksmigel (Nov 20, 2008 10:35 pm)

Actually, the Genesis was the third $30k+ Hyundai, following the Azera and Veracruz.
#3699 of 5692
Re: The Big Unknown [backy] by captain2
Nov 21, 2008 (11:36 am)
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Replying to: backy (Nov 21, 2008 7:08 am)

while it is easy (and probably valid) to point to the economy and gas prices slowing Genesis sales, both the $30k Azera and $35k+ Veracruz have not set the world on fire either saleswise, despite availabilty that dates back to 06.. The fact that Hyundai builds some cars with higher pricetags does not mean that the consumers are ready to accept them.
#3700 of 5692
Re: Hyundai Working On Eight-Speed Transmission for Genesis Sedan [captain2] by allmet33
Nov 21, 2008 (11:56 am)
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Replying to: captain2 (Nov 20, 2008 2:37 pm)

Seriously...if you have a problem, the easy solution is...JUST DON'T BUY ONE!!!
 
Before Toyota dropped the Avalon on us, they had established themselves as a dependable car maker. Hyundai has improved greatly and nobody wants to give them the respect that's due them. All you want to keep saying is, "But it's a Hyundai!"
 
You are right, for Hyundai to no longer be among the dregs of the auto society is to be celebrated...considering they were one time the door mat and butt of all auto jokes. Who says that Hyundai doesn't have loftier goals? Are you in their front office making decisions? Just because you and a few other believe it should be one way, that doesn't mean it MUST be that way. Like I've said and I'll say it again, Hyundai is breaking the mold of what an automaker is supposed to be. I truly love the fact that it ruffles the feather of the likes of you and anyone else that can't get over the fact that Hyundai is doing what they are doing.
 
Hyundai is far from average which is why they are now ranked #5 among all automakers. Sorry Charlie, you don't get that high being average.
#3701 of 5692
Re: Hyundai Working On Eight-Speed Transmission for Genesis Sedan [stephen987] by allmet33
Nov 21, 2008 (12:00 pm)
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Replying to: stephen987 (Nov 20, 2008 2:44 pm)

AMEN!!!
#3702 of 5692
Re: The Big Unknown [captain2] by allmet33
Nov 21, 2008 (12:15 pm)
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Replying to: captain2 (Nov 21, 2008 11:36 am)

Captain, Captain...Captain. I know what this is all about. It has nothing to do with Hyundai being better than they ever have been. This isn't about leaps forward in regards to their dependability/reliability. This isn't even about Hyundai producing vehicles that are more appealing to the masses (gotta admit they haven't always made sharp lookin vehicles). This is merely about the fact that Hyundai has created vehicles that breach the magical $30K mark and it's KILLING you! That magical threshold is only supposed to be reserved for the likes of your precious Toyota, Nissan & Honda, but not Hyundai!
 
Dude...get over yourself and just accept the fact that it has happened and there's nothing you can do about it. Instead of complaining about it and tryin to make an arguement from every possible angle as to why it shouldn't be, just accept that it is. The most you can do, is just not buy a Hyundai that costs upwards of $30K.
#3703 of 5692
Re: What to buy, when. [richard124] by skylab
Nov 21, 2008 (12:33 pm)
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Replying to: richard124 (Nov 20, 2008 10:57 am)

Agreed. With the currency movement and a huge glut of supply building in the US auto sector -- particularly the high end -- there is precisely no chance of Hyundai making a price increase stick. The Genesis will routinely be selling below current invoice within the first quarter of next year. No knock on the car, this is simply the reality of the short-term economic outlook.
#3704 of 5692
Re: What to buy, when. [skylab] by allmet33
Nov 21, 2008 (12:40 pm)
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Replying to: skylab (Nov 21, 2008 12:33 pm)

To be honest, it sounded more like a desperate salesperson trying to create a panic so that folks would come rushing in to get one before the end of the year. Even with gas prices falling, there's never been a trend where the price of the car has gone up...especially with Hyundai! If anything, you may just see a $2K slip in prices. I forsee the V-8 w/Tech Package selling for below $40K to be honest.

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