Article Comments - 2009 Hyundai Genesis vs. 2008 Lexus GS 350

152 messages, Last post on Jun 06, 2009 at 1:45 PM

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What is this discussion about? Hyundai Genesis, Lexus GS 350, Car Comparisons, Sedan

Comparison Test: 2009 Hyundai Genesis 4.6 vs. 2008 Lexus GS 350 - Hyundai isn't shy about its targets for the Genesis. "While Genesis will compete for customers with cars like Lexus ES, Chrysler 300 and Cadillac CTS," the company stated in a press release about the car's pricing, "Genesis' performance capabilities and luxury features are comparable to sedans costing tens of thousands of dollars more." (more)

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#37 of 152 Re: Terrible comparison [kg21] by joe97 Aug 30, 2008 (3:27 pm)
Replying to: kg21 (Aug 30, 2008 2:00 pm) If there is one thing to take from these comparos, it would be the fact the Hyundai Genesis CAN go head to head with its competitors without the adjustment for the price factor. Try this stat: 44% of Genesis owners so far have household income of over $100,000. What does that tell me? It tells me these buyers can also afford its competitors (i.e. GS, M) but instead gone for the Genesis. The majority of the demographic has also previously owned other luxury models and/or is in the market for one, I guess there goes your theory. Replies to this message: xiajiagg (Aug 30, 2008 5:27 pm) joe97 (Aug 31, 2008 6:54 am) jeffreid (Aug 31, 2008 11:35 am)
#38 of 152 Re: Article Comments - 2009 Hyundai Genesis vs. 2008 Lexus GS 350 [xiajiagg] by joe97 Aug 30, 2008 (3:41 pm)
Replying to: xiajiagg (Aug 30, 2008 3:02 pm) I can safely claim, whoever wants to drive a Lexus, either rich or pretend to be rich, won't ever consider a Hyndai in a normal circumstances. Whoever drived a Hyundai thinks he gets an equivalent of Lexus, keep thinking that way. I would like to challenge your theory with some facts. As I stated before, 44% of Genesis owners have household income of over $100K; also, the majority of the demographic has owned other luxury models, including Lexus, and/or is in the market for one. I have driven (drived ) the Genesis, and I thought it was a fantastic sedan, having gone above my expectations in many areas. Frankly, I'd prefer the Genesis to the GS, as the ride of the Lexus is a bit too soft for my likes; while the Genesis offers a balanced combination, between the GS and the 5er, for example. As I was driving the Genesis, I never once thought I was getting an equivalent of a Lexus, a certain percentage of a Lexus for whatever price I was offered, but rather, I genuinely thought I was getting a Genesis, 100% made by Hyundai Replies to this message: tom17 (Aug 31, 2008 6:02 am) joe97 (Aug 31, 2008 7:00 am)
#39 of 152 Re: Terrible comparison [joe97] by xiajiagg Aug 30, 2008 (5:27 pm)
Replying to: joe97 (Aug 30, 2008 3:27 pm) Apparently your household economcs is different from mine. My own standard is, I would have had at least triple of your figure to be confortable to drive a GS. Believe I replied to your post before, and I stated that again, I don't believe to buy a lux car on borrowed money. I used the fashion business as an example, and I think a GS is over the mark that it is not a life necessity and there is other aspects buying a GS than value. I am not knocking down a Hyundai. It is all good if it wants to move up the ladder but I do think it will not fly on the face of value. Replies to this message: joe97 (Aug 31, 2008 6:54 am) jeffreid (Aug 31, 2008 11:35 am)
#41 of 152 Re: Article Comments - 2009 Hyundai Genesis vs. 2008 Lexus GS 350 [joe97] by tom17 Aug 31, 2008 (6:02 am)
Replying to: joe97 (Aug 30, 2008 3:41 pm) As I stated before, 44% of Genesis owners have household income of over $100K I am surprised the percentage is SO LOW. Most of the people I know who make $80K - $100K can only afford used cars or maybe a Sonata or Santa Fe. Most families have too many other expenses. Maybe if it is a single person or someone who has their house paid off. A typical example today is my single cousin who makes in the $60K's and has a $2600 house payment soon to adjust to $4000 per month. No new car for her !!! Replies to this message: joe97 (Aug 31, 2008 7:00 am)
#42 of 152 Check out new Genesis website by beseto Aug 31, 2008 (6:07 am)
URL: http://www.hyundaigenesis.com/ Description: Hyundai engineers looked closely at every detail when building the 2009 Genesis sedan. Now it's your turn. Go ahead, kick the tires.
#44 of 152 Re: Terrible comparison [xiajiagg] by joe97 Aug 31, 2008 (6:54 am)
Replying to: xiajiagg (Aug 30, 2008 5:27 pm) I'd agree with you on the borrowed money note. Personally, I've never financed a car in my life. The only other option aside from paying cash for me is leasing, something I have done many many times. I like this option since not only the monthly payments are a lot smaller (vs. financing), but more importantly, I can have a new toy every two or three years. Obviously, prestige plays an imporant factor in the luxury segement, and Hyundai isn't up to par on that front yet. I understand a good part of the demographic in this segment buy (actually lease, more than buy) cars for that reason, but stats have also shown there are plenty of folks with sufficient dough and doesn't care about the emblem of the car, as long as it's a good car to their likes. In terms of value, Hyundai has not played that angle yet so far in the previewed ad of the Genesis: http://www.youtube.com/watch?v=p4mnsZNHmbA Replies to this message: jeffreid (Aug 31, 2008 11:35 am)
#45 of 152 Re: Article Comments - 2009 Hyundai Genesis vs. 2008 Lexus GS 350 [tom17] by joe97 Aug 31, 2008 (7:00 am)
Replying to: tom17 (Aug 31, 2008 6:02 am) Most of the people I know who make $80K - $100K can only afford used cars Don't take this the wrong way as I am being most sincere: If I was in this situation, I would seriously sit myself down and look at my personal finances. People making half as much can afford a new Sonata/Santa Fe (examples from your post).
#46 of 152 Re: Terrible comparison [joe97] by jeffreid Aug 31, 2008 (11:35 am)
Replying to: joe97 (Aug 31, 2008 6:54 am) Another side of this discussion is that there are a good number of people in the world that DO finance automobiles. And a large number of the people that finance these autos DO consider what their monthly payment is going to be. When you take a look at the monthly payment on $15000-$25000 extra dollars, you have to consider that there are some people who get priced out of the M-B, Lexus, BMW equation. The Genesis gives a large number of people the opportunity to own an auto that DOES offer most of the style, lux, and performance of the "upper tier" brands at a price/payment they can afford. One other thought. If you pay cash for a car, then you are putting that money into a depreciating asset. Every day and every mile that goes by you are throwing cash out the window. If you finance your car at a rate that is less than or equal to what you can draw at market, you are coming out even or ahead on your cash. Then at the end of the term you have your paid for car as an asset, plus the cash that you kept in the bank. Just a thought.