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Hyundai Equus, Hyundai Genesis, Car Comparisons
#4237 of 7308 Re: Considered buying a Genesis [espo35]
Dec 01, 2009 (10:04 pm)
The longer you wait, the higher the price-tag will be, as the awards pile up.
The 2010 4.6 in the showroom behind me reads $43,995.00. That's 4K higher than the '09 that sat there last year read
I don't think so. Like I said, I've been shopping for Genesis, almost pulled the trigger (maybe discussion here will convince me to reconsider my decision not to buy Genesis). So I know the pricing very well. Hyundai did raise the price by a couple thousand from 2009 to 2010, but a part of it was due to the addition of the adaptive cruise control as a standard feature.
And don't be fooled by the sticker price. Without any dealer incentive or rebate the 2010 Genesis 4.6 sedan with technology package and MSRP of $43,800 can be purchased here in Northern Virginia for $2,000 below invoice at $38,575. That's $5,200 off MSRP. Check out Fairfax Hyundai Web site for example for their Internet pricing.
#4238 of 7308 Re: Considered buying a Genesis [dulnev]
Dec 02, 2009 (7:25 am)
Since even low-end cars are increasingly using computers and other electronics (e.g. ESC), and hybrids like the GS 450h moreso than regular cars, it's hard to avoid the risk of a "computer glitch". Electrical issues are perhaps the most common kind of problem today in otherwise reliable cars. Engines and even transmissions are pretty much perfected, mechanically. But there's all kinds of ways for electronics to "go wrong."
If you are really scared of electrical / computer issues in a car, you might be better off getting as simple a car as possible--i.e. in particular, NOT a hybrid, and avoid "tech" packages on luxury cars. Get a portable nav system instead of built-in, for example--if it breaks, it's $200 or so to replace vs. gosh knows how much for a factory unit that is out of warranty. And get a stick shift vs. automatic, which are increasingly computer controlled. Maybe something like a base IS with stick. More fun, too.
#4239 of 7308 Re: Considered buying a Genesis [dulnev]
Dec 02, 2009 (7:53 am)
I understand that, good experience develops trust. The thing is, if you look at NHTSA records you'll see more than one case of non-working seatbelts in a Lexus GS, one on airbag not deploying during collision. Compared to electrical glitches, that'd scare me more. Acura TL... well, I think we're all aware of the legendary tranny explosion in the pre-2004MY.
That said, I agree with you, the 1st (and sometimes 2nd) MY of any model still got glitches to work on, making waiting the better choice.
Oh, and Espo, if the Genesis price really piles up one can always buy something else, you know? Infiniti, Lexus, MB, Audi and BMW will always welcome customers with open hands. No Genesis end up costing more than $40k in my area (and that's a loaded 4.6v8), nobody buys a mass production car for sticker nowadays.
#4240 of 7308 Re: Considered buying a Genesis [dulnev]
Dec 02, 2009 (1:06 pm)
can be purchased here in Northern Virginia for $2,000 below invoice at $38,575.
this surprises me - the Avalon Limited is selling at something slightly OVER invoice ($33k) judging by the posts I read on the 'Prices Paid' site - albeit at 0% financing. Keep in mind that the current Avalon is a 5 year old design. Can not believe that the relatively new Genesis would already be selling for that kind of discount.
Maybe a good indicator of what folks EXPECT Hyundai products to sell for - discount wise - likely meaning typically poor Hyundai resale values, a sign that the world still isn't ready for a $40k+ Hyundai, and even a continued perception problem for the brand?
tjc78 - since I know you lease your cars and are also an ex Avalon owner as well as a Genesis convert - which was cheaper to lease a new Av or the Genesis you did get? Lease prices are representative of anticipated resale values, if you can discount mfgr subsidies.
#4241 of 7308 Re: Considered buying a Genesis [captain2]
Dec 02, 2009 (1:50 pm)
which was cheaper to lease a new Av or the Genesis you did get?
I didn't price a new Avalon but I can compare it to my previous lease and they were roughly the same (with very similar MSRPs too). However, the leases were vastly different. The Avalon ended up being a residual in the 19K range where the Genesis is around 16.5K (36mth). The biggest difference was the Genesis lease was highly subsidized (MF translated to 1.44% and there was $1000.00 lease cash). Without that the Genesis would have been at least $70.00 more a month. (19K-16.5 / 36 = 69.44 + interest)
#4242 of 7308 Re: Considered buying a Genesis [dulnev]
Dec 02, 2009 (3:51 pm)
1. Vehicle shutting down -- one post.
2. Unable to start the vehicle -- multiple instances of this problem.
3. Malfunctions of the seat / steering wheel memory feature -- multiple instances of this problem.
4. Unexplained intermittent "Check Engine", TPMS, ECS and other lights turning on for no reason -- way too many instances of such problems.
5. Audio system shutdowns / sound disappearing -- multiple instances of this problem.
you sure you didn't find these on a BMW or MB forum? If you really want electronic gremlins, look to the Germans, they have seemingly invented the concept
#4243 of 7308 Re: Considered buying a Genesis [captain2]
Dec 03, 2009 (9:41 am)
Keep in mind that the current Avalon is a 5 year old design. Can not believe that the relatively new Genesis would already be selling for that kind of discount.
Do you want to hear something shocking? A brand new Infiniti M45 model year 2010 with Technology package can be purchased for almost $10,000 under MSRP! That's 46K for a well-loaded V8 top-of-the line Infiniti. The main reason for this I believe is that the 2011 M56 and M37 are coming out around May of next year.
#4244 of 7308 Re: Considered buying a Genesis [dulnev]
Dec 03, 2009 (11:46 am)
A brand new Infiniti M45 model year 2010 with Technology
a helluva deal I guess although that would ultimately hurt resale values on that car as well.
The reason I used the Avalon as an example is first because it is more directly a competitor to especially the 3.8 Genesis, is more likely to be shopped by the same demographic, and, of course, costs about the same initial dollars - even if the Avalon is going to ultimately be a cheaper ride - in the upscale large sedan class. That the M45 might be selling at similar (or even greater) discounts than a Gen 4.6 really of no import - one is a luxury car - the other isn't.
#4245 of 7308 Re: Considered buying a Genesis [captain2]
Dec 03, 2009 (2:58 pm)
If the discount on the M45 gets any bigger, I guess we can't consider it a "luxury" car any more, right? It will be too cheap to be a luxury car.
#4246 of 7308 Re: Considered buying a Genesis [backy]
Dec 03, 2009 (3:02 pm)
Not to mention the exclusivity factor !!