Last post on Oct 21, 2009 at 11:51 PM
You are in the Hyundai Genesis
What is this discussion about?
Hyundai Genesis Coupe, Infiniti G37, Car Comparisons, Coupe
2010 Hyundai Genesis Coupe 3.8 vs. 2009 Infiniti G37 Coupe - Let's not mess around; the price of entry for both of these machines is considerable. (more)
#122 of 123 Re: rebuttle [members78]
Oct 21, 2009 (8:17 pm)
Not so according to kbb...
Resale value for 09 G37 coupe journey.
2 61% $22,356.50
3 50% $18,325.00
4 42% $15,393.00
5 35% $12,827.50
For '10 Genesis coupe GT auto
2 69% $20,700.00
3 58% $17,400.00
4 48% $14,400.00
5 40% $12,000.00
So, at the end of 5 years, it would have cost you $23823 for G37 vs $18000 for Genesis coupe...
I always thought the resale value for hyundai was dismal, but not according to kbb...i am very surprised how kbb came to this conclusion, but if this is true, then you'd be saving more with genesis coupe.
#123 of 123 Re: rebuttle [shksky]
Oct 21, 2009 (11:51 pm)
In Europe, Hyundai's i10 and i20 models are predicted to beat most of the competition in 3 year resale values, for basically the first time. Of course these figures are just predictions but they do contradict previous experience and also initial predictions - something changed their minds.
Certainly the facts are on Hyundai's side: the cars are reliable and trouble-free, plus they come with an unlimited mile, 5 year warranty, which is transferable to the buyer (the competition generally offers 3 years at bes)t. Plus crucially the models are beginning to be respected as wise purchases -- if not exactly desirable ones, just yet -- at a time when value for money is on everyone's mind. That should help make sure they're seen as good value second-hand purchases too.
Hyundai's reliability here has been good for some time. The thing which has held back their resale values has been a lack of sheer desirability: the market in the UK is fixated with bigger brands with more recognizably European-friendly sensibilities: Ford, Vauxhall (Opel/GM), VW, Puegeot, Citroen. It'll be interesting to see whether that changes. Hyundai needs to address its perception as a value brand in Europe and spark some basic old fashioned sexiness.
Plus, I guess a car which is cheaper to begin with has less initial value to lose. You could argue that the Genesis effectively sets the baseline price point and the extra cost of the G37 is paying for something harder to define: a perception of quality and perhaps status appeal.