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Hyundai Genesis Prices Paid and Buying Experience

221 messages,  Last post on Nov 07, 2009 at 6:48 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Hyundai Genesis, Hyundai Genesis Coupe, Car Buying, Car Leasing, Coupe, Sedan


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#52 of 221
Re: Prices Dropping [ksmigel] by sandy25
Oct 15, 2008 (1:10 pm)
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Replying to: ksmigel (Oct 14, 2008 10:25 pm)

Where is Fitzmall? That sounds like a great price.
#53 of 221
Try here... by chutist
Oct 15, 2008 (2:00 pm)
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I just Googled for "Fitzmall Hyundai"
 
http://www.fitzmall.com/fitzway/locations/makelocation.asp?lstmake=Hyundai&lstmo- del=Genesis
#54 of 221
Fitzmall is Fitzgerald Auto Mall by ksmigel
Oct 18, 2008 (9:39 pm)
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I recently noticed that they're selling Genesis's (some) for nearly $3,500 less than sticker.
 
http://www.fitzmall.com/
 
 
#55 of 221
Re: Hyundai Genesis Prices Paid and Buying Experience [carolinabob] by wgr3
Oct 27, 2008 (7:48 am)
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Replying to: carolinabob (Sep 10, 2008 5:49 am)

There is a rebate/lease support available on a lease. I doubt you'll see retail rebates because in Hyundai's mind, and in fact if you've driven one, this car compares very favorably with the BMW and Lexus, brands not known for significant rebates. Dealers are still being limited in their orders, so rebates are unlikely,
 
Take a look at the history or the Lexus ls400 introduced in the early 19990's and I think you'll get an idea of the trajectory we expect for this car.
#56 of 221
Re: Fitzmall is Fitzgerald Auto Mall [ksmigel] by wgr3
Oct 27, 2008 (7:52 am)
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Replying to: ksmigel (Oct 18, 2008 9:39 pm)

So does Schaefer and Strohminger in Baltimore.
#57 of 221
Re: Lease Deal [carolinabob] by wgr3
Oct 27, 2008 (8:03 am)
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Replying to: carolinabob (Sep 22, 2008 7:51 am)

So that leaves you with a price of...?
#58 of 221
Re: Beware - A Deposit Means Nothing [pjkad] by wgr3
Oct 27, 2008 (8:11 am)
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Replying to: pjkad (Sep 25, 2008 1:02 pm)

and for your part, after agreeing on a price, decided to go elsewhere to see whether you could get a better deal. The dealership committed to a car and when it arrived, you said you'd get back to them. They sold it to someone else who did want it.
 
And what if you had decided to take another deal, and if the Genesis were not selling as well as it is, the dealer would have been stuck with $35,000 in inventory cost he took on as a result of your original agreement. I am preetty sure you would object to a penalty if you declined to purchase. Agreements to purchase a car are not like a real estate agreement where thew deposit may be kept as liquidated damages.
 
A dealer has as much right to expect a customer to keep their word as the customer has for a dealership to keep its word.
#59 of 221
Re: Lease Deal [wgr3] by carolinabob
Oct 27, 2008 (11:09 am)
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Replying to: wgr3 (Oct 27, 2008 8:03 am)

$56,750 plus $300 tax and =/-200 doc fees, etc. This included $4,000 Lexus to dealer special.
#60 of 221
Re: Lease Deal [carolinabob] by jeffreid
Oct 28, 2008 (9:28 am)
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Replying to: carolinabob (Oct 27, 2008 11:09 am)

That is still $14750 from a V8 Genesis with tech MSRP. If you have a 5% state tax, then you are up to a $15487.50 difference. Then there is the other $1950 that you would pay in interest over 60 months at 5%. Or the $1950 that you would lose in interest on your money (assuming paying cash) if you could draw 5% over the next 60mo. That gets us to $17437.
 
Then there is the extra cost of maintainence on the Lexus vs. the Genesis.
 
From a dollars and cents perspective, I think that the Genesis is still providing a pretty strong argumment here. And that is assuming MSRP. If you get any discount, then it gets even more interesting.
 
Just another side of the coin.
#61 of 221
Re: Lease Deal [jeffreid] by carolinabob
Nov 07, 2008 (1:03 pm)
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Replying to: jeffreid (Oct 28, 2008 9:28 am)

The sales tax in SC is $300 MAX on any vehicle. However, my intention was to show that Lexus was offering huge (for them) discounts. Genesis will always be cheaper than Lexus, but it might be time for Hyundai to begin considering discounts on the car. Plus the car already has a recall on the most complicated component - the computer.
   Add that the market is now in the toilet. Hyundai sales down 31% in October, Toyota Corp. sales down 23%.

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