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Automotive News & Views Is There Room in the Luxury Market for Hyundai?
5544 messages, Last post on Mar 18, 2010 at 2:46 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: dulnev (Dec 01, 2009 9:58 pm) 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. 
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Replying to: dulnev (Dec 01, 2009 9:58 pm) 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. 
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Replying to: dulnev (Dec 01, 2009 10:04 pm) 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.
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Replying to: captain2 (Dec 02, 2009 1:06 pm) Captain, 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) |
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Replying to: dulnev (Dec 01, 2009 6:41 pm) 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 
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Replying to: captain2 (Dec 02, 2009 1:06 pm) 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. |
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Replying to: dulnev (Dec 03, 2009 9:41 am) 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. |
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Replying to: captain2 (Dec 03, 2009 11:46 am)
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Replying to: backy (Dec 03, 2009 2:58 pm) |
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Replying to: captain2 (Dec 03, 2009 11:46 am) There is over 6,000 dollars between invoice and MSRP on a M45 with the tech package and premium packages plus there is 5,000 dollars of dealer cash available if you do not take the special Infiniti Financing but you still finance through Infiniti financial. So you give up your 3.9% or less APR but are still forced to finance at what are most likely very high standard rates through Infiniti to get that 5,000 dollars off. All the while the dealer is still making 1,000 plus on the front, plus back end money from the financing plus whatever form of holdback that Infiniti has on a model that never sold well to begin with. I just looked it up it is 1% of base MSRP so another few hundred dollars. On a car like that I would want to be a few hundred below invoice minus incentives if I was buying one.
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