Last post on Mar 09, 2013 at 10:56 AM
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Hyundai Equus, Hyundai Genesis, Car Comparisons
#5182 of 7308 Re: Useless to reply to one. . . [fintail]
Feb 28, 2010 (10:35 am)
Yes, good point. Everyone drives a used car! Which is another reason I have gravitated to used cars of late. It's very easy to find used cars with low mileage that have all the latest safety and convenience features, look and drive just like new, and in some cases have warranties that are better than when the car was new. For around 50-60% of the cost of a new car. (Plus insurance and license fees are lower.)
I was actually hoping, selfishly, that the Genesis sedan's resale value would not hold up that well and I could snag one in a year or two for around $15k. That looks less likely now, as the resale values seem to be holding up pretty well, and I expect prices of new ones will creep up, as they did for 2010. That is good for Genesis owners, but bad for someone looking to steal one as a used car. I think those halcyon days of getting gently used Hyundais for a song might be ending in the not too distant future, as the quality and reputation of the cars continues to improve, driven by the Genesis, right now the 2010 Tucson and 2011 Sonata, and soon the Equus.
#5183 of 7308 Re: Useless to reply to one. . . [backy]
Feb 28, 2010 (1:36 pm)
That is so true and very very surprising to me, I thought I would be stuck with the Veracruz until it was paid for, thinking the resale would be very low, but in reality, it was worth every penny I paid for it. I came out of it as if I had leased it, not owing a penny more for it than a lease when I traded it, actually having a slight positive equity, and not a negative one. I am pretty well certain that I will be upside down on both of my Fords, even though one is at 0% interest, but something tells me both of these will be getting a lot of use over the next 5 years. We now have to flip a coin to decide on which one to drive, we enjoy driving both of them.
#5184 of 7308 Re: Useless to reply to one. . . [backy]
Feb 28, 2010 (4:46 pm)
We think the same. The mint pre-owned car is much smarter money than buying it new. I didn't buy my car new, but it has nearly all of the features of a new model...the unwashed think it is new or nearly so...and the original owner got to lose about 2/3 of his investment.
Used Genesis values won't be reasonable until the car has been out for awhile and/or it sells in higher volumes. Right now it has been on the market for ~18 months, right? And they have a high satisfaction level...so few people will be trading them in. Low supply, and just enough demand from curious people to make for high resale. But with all newcomers, that won't last forever, especially if the design changes or there is some super new variant put on the road.
#5185 of 7308 Re: Useless to reply to one. . . [houdini1]
Feb 28, 2010 (4:47 pm)
Well, most Lexus couldn't be called "pre-driven" anyway
#5186 of 7308 Re: But... [iluvmysephia1]
Feb 28, 2010 (4:48 pm)
I have a friend who occasionally calls my old car "Christine"...but just because I only listen to oldies in it. Sadly, the car doesn't restore itself.
He also has a name for his car...maybe it's just a personality quirk for some.
I wonder what could name a Genesis.
#5187 of 7308 Re: But... [fintail]
Feb 28, 2010 (5:25 pm)
Feb 28, 2010 (10:01 pm)
how about Jenny?
Man, that 'Christine' movie sure left an impact on a lot of people. Something about cars and the fact that at times they seem to have minds of their own. Especially when our particular "backyard mechanic" antics backfire on us! Back in the day, that is.
My '65 Ford Mustang sometimes refused to start. I would take my screwdriver, open up the hood and bonk the starter solenoid with the handle end of the screwdriver. Close the hood, turn the ignition key and Viola'! She'd purr like a kitten. But, here's where 'Christine' could come in. Buying a new starter solenoid and installing it properly didn't seem to help the situation.
Still needed the 'bonk' of the screwdriver handle...sometimes. Only when the 'Stang decided it needed the 'help!'
#5189 of 7308 Re: But... [backy]
Mar 01, 2010 (1:28 am)
Wow! Is backy and finny actually getting along???
There is a God after all!
Bless you guys! Haha!
Mar 01, 2010 (1:30 am)
Hey! Smarty, Houdini, i<3sephia, acdii, Steve, and Snake wanna get in on the love???
#5191 of 7308 Re: Where's the Love? [kingsalmon]
Mar 01, 2010 (6:41 am)
Hey! Smarty, Houdini, i3sephia, acdii, Steve, and Snake wanna get in on the love???
I would like to join in, but I'm afraid of losing my Man Card.
On family cars being an investment: Cars are definitely an investment, but not a financial investment in the purest definition of the word. Some cars are a better investment than others, depending on the owner's situation. I've heard of job seekers borrowing or renting
a nice car just to go on a job interview.
On naming cars: I've never once named a vehicle I owned, though I did try to learn a few miscellaneous Teutonic curse words to call them. When I was very young, I named an old Chevy owned by my future wife's friend "Old Rusty". It fit so perfectly I couldn't help it.