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Now, to the best part of my experience. I spoke to 3 different salesman yesterday about the car and all 3 of them had very little info on the car. None of them have been to the training class for Genesis (I stay in Detroit so I can understand dealers want to save some money) but I failed to understand why? Finally, one guy showed me the lease promo that Hyundai is offering on the vehicle. The only advertised promo is $399/mo with 1800 down. So the total down is $2199 - no security deposit. You will pay sales tax, acquisition fees ($500) plus title and registration in addition to the lease amount. But the hyundai lease option page had more info on other trims as follows (keeping the initial down payment same):
3.8L Base model - MSRP-$33,000 - $399/mo
3.8L Premium package - MSRP - $35,000 - $419/mo
3.8L Premium plus package - MSRP - $36,000 - $$439/mo
3.8L Tech package - MSRP - $40,000 - $499/mo
4.6L Base - MSRP - $38,000 - $489/mo
4.6L Tech package - MSRP - $42,000 - $559/mo
The money factor is 0.00080 ~ 1.92% APY (which is really good)
Lease Term: 24 months
Residual Value - 66% for all trims
I was really confused with the options, since if you look at the difference in MSRP and compare it with lease charges per month. For 3.8L premium (+2K diff.) the lease charges are additional $20/mo. But for 3.8L premium plus (+3K diff). the lease charges are additional $40/mo. So for the next $1K the lease goes up by $20/mo whereas for the first $2K it is same $20.
So for 7K difference in 3.8L tech - it should be only $469/mo but it is $499/mo???
And for the 4.6L it is unbelievable $489/mo so you pay only $10/mo for a $40K loaded 3.8L compared to $38K 4.6L base model. The pricing on loaded 4.6L should be around $499/mo considering the base price of $399/mo for 33K base model whereas the official price is $559/mo.
I think Hyundai has messed up the lease pricing big time, because if you do the math correctly, it is easy to figure out that you would be better of buying the 3.8L tech and 4.6L / 4.6L tech compared to leasing it. The best lease value package is 3.8L premium plus but it should have been max $429 and not $439/mo. If someone can negotiate more on the MSRP, I am sure the down payment can also come down from ridiculous $1800.
Jeffreid, have you noticed these anamolies in leasing options? Your views will help.
I'm sure if you wanted those, it wouldn't be hard to find someone with the 17" wheels to trade you for the ones on the V-8!!!
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic / 2022 Icon I6L Golf Cart
To put it in perspective, the difference between the 3.8 premium and the 3.8 premium plus is $1K and the only difference is the wheels (17" to 18"). So, look at what you get for $2K going from a fully loaded 3.8 to a fully loaded 4.6, AND...the fuel economy is pretty close to being the same 18/27 for the 3.8 and 17/25 for the 4.6.
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic / 2022 Icon I6L Golf Cart
Thus, a fully loaded 3.8 being $499/mo vs. a base model 4.6 @ $489/mo.
Everyone knows that options are what sell used/previously leased vehicles. The only folks that can sell base models are rental companies and usually at a steep discount since they have such high mileage coupled with the fact that everyone knows it's lived a dogged life.
At least...that's my opinion on it.
If you have seen pics of the premium V6 wheels, then imagine them with spaces between the spokes. They are really sharp. I have a V8 with tech coming in Obsidian Black and I think it is going to be super sharp. There is a pic of that car in the brochure, and honestly, I really want to try to talk my wife into that instead of the E or C-class that she wants. It is just SO SHARP. Really.
This is the first time that I have ever been personally excited about one of our products. Not to say that the rest aren't good products. We own a 2007 SF Limited. This is just the only one that has made me say, dang, I LIKE that!!
Anyway, again, I do not know ANYTHING about the lease promos. I'm sorry. These aren't offered in my area, and as such, I am clueless.
Glad to hear you guys liked my review. I tried to be as unbiased as possible.
Also, to play devil's advoctae (please save the obvious car dealer jokes
A couple of lease questions (never leased a car before). One has to pay the full sales tax up front when you lease? On a $40K car where I am (6%) that is an extra $2400 (basically $100 per month). I thought since one is basically renting the car they did not have to pay the whole sales tax. When you buy a car and trade them in every few years, the value of the trade in reduces the tax one pays. If you lease it you walk away from the car at the end and have no trade in. $100 per month just for the tax on a rented car sounds outrageous.
http://www.auto123.com/en/hyundai/genesis/2009/review?carid=1092501400&artid=991- 24&pg=1
http://www.hyundaiusa.com/vehicle/Genesis/genesis.aspx
http://www.discovergenesistour.com/
I just see a bunch of dates. No times are listed for the events. No information is given about which models will be available for viewing/driving. But I don't know when to go and whether the V8 Tech I'm interested in will be there.
If anything, this clearly demonstrates the incompetency of Hyundai marketing team.
You get a thicker rear stabilizer bar with the V8. I would think that maybe this would make the V8 handle a little better. Does this make sense? I was just thinking that maybe it would keep the car even flatter in the corners.
I was reading a review that mentioned testers that drove both V-6 & V-8 models preferred the balance of the V-6 moreso than that of the V-8, however...the trade off is the power and braking that the beefier components give you with the V-8.
You know, I have been thinking to myslef that it seems a little suspicious that any of these reviewers can REALLY tell the difference in a 52/48 weight split and a 54/46 split.
I just wonder if a person gets into a car knowing that the weight bias is different and then "knows" that the other car was better. I am curious as to what the result would have been if that piece of info had been withheld. That's like the 2 HP advantage that the Accord 4cyl holds over the Sonata 4cyl. Is there any noticeable difference in the real world, or is it "gutsier" because it has 2 extra horses?
Just thinking out loud. Also thinking out loud, if the Genesis really does 0-60 in 5.6 secs, then why is that "impressive" when I read reviews of "premium" cars doing it in 5.5 secs and being referred to as "ripping" or "burning" fast? Does that 0.1 sec make your hair catch fire or something? :confuse:
OTOH, I test drove a base V6 today and left very impressed. Even the base model shows some good "luxury" quality and handled very well. If I compare it to the Infiniti M35 (this should rattle some feathers here), I would say it was just shy of the same level of handling suspension. The gas pedal is throttle happy.... just touching it, sends the car thrusting forward. The ONLY thing I didn't like, was in Shift mode, the computer changes gear once it reaches about 5500 RPM's. But in AT mode, when you floor it, it hits redline before it changes gears. - I'm thinking a good tuning can fix this little problem - at least giving you the ability to hold it alittle more in shift mode. I personally would've preferred to let me shift instead of the computer. But maybe Hyundai played it safe with their new engine. I'm looking forward to the V8.. I think I've found my next car. Very impressed with it
Thanks for the report. I'll have to keep those in mind when I get my test drive opportunities. As much as I'd like to have the V8, the V6 is probably better in the long run for me; plus, I dig the design of the wheels on the base trim the most
Keep us updated!
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http://www.washingtontimes.com/news/2008/jul/11/hyundai-pins-hope-on-luxury-gene- sis/
This article comes from the Washington Times - more of assessments than a comprehensive review - interesting read, and very realistic.
Exactly. I have only begun to get 'back in the game' in looking and trying to decide upon which car to get, because work has kept me so busy lately, and lo and behold - I'm seeing 45k to 55k cars being leased for anywhere from $379 to $530 per month, with very little down required.
Normally, I'd be aversed to leasing a car, but when I can lease a loaded BMW 5 series, Mercedes E350, Infiniti M35/M45 for less or just a few bucks more than a Genesis 3.8, I mean, c'mon...it's a no brainer.
This is what I felt all along. Hyundai lacks the upper crust dealer service, prestige and product to charge about the same amount of money on a lease as any of the aforementioned cars, given that the economy is in the doldrums, and automakers and dealers are slashing prices and incentivizing deals to make up on volume what they can't on margin.
Would anyone really not think a BMW 5 Series isn't a better deal on a monthly lease for $100 more a month than the Genesis 3.8 liter? You can get an Infiniti M35 or a Cadillac CTS for less!!!
I have test driven the V6 and cannot wait to drive the V8, not anymore (: I was hoping that the 18 wheels would give it a better ride, I wonder if higher profile tires would solve the stiffness issue? Thanks for the insight.... Did you have a chance to toy around with the navigation? Real curious on how user-friendly it is and anything else you might be able to share....thanks.
This will be a major downfall of the Genesis if the ride is overly stiff. I've been starting to hear this a lot.
It seems like Hyundai is catering to the driving enthusiasts with the V8. Are they serious that the enthusiasts, at least for the time being, would pick the Genesis over the well-established BMW5 or Infinity M? Maybe they're trying to do too many things at once here?!
It may not make much sense if the dealers are grouped closely together and one of them is staying at MSRP, but it was just a thought.
The Genesis will be one of a very few Hyundai (some Azera and some Veracruz models) products with $2k+ invoice to MSRP markup, so I would think that most salespeople/salesmanagers would be pretty happy with MSRP anyway. I just don't see that the extra headache of explaining the "market adjustment" being worth it.
I STILL don't have any cars!!!!!!!!!!!!!!!!!!!!!!!!! I think mine must have been abducted by aliens.
By the way, I did play with the nav system and it took 2-3 minutes to get used to the directions that you have to turn the knob. Once I did get used to it, it seemed very straightforward and easy to use. However, the voice command was HORRIBLE. I have not played with a voice system before and have been told that most all of them stink, but this thing would not do ANYTHING. Except repeat back the wrong command. :sick:
I'm quite certain that is why everyone was astounded at the "out the door" price I was able to get on an '08 Azera Ultimate back around the first of January... :shades:
My 06 Azera Limited has in many ways been the best car I have ever owned...now over 38,000 miles ...only a couple of problems...lost the first set of tires (Michelin) at 22,000 miles because alignment was out and (stupid me), I thought the 5 yr 60,000 mile bumper to bumper covered what it said....WRONG ! ..after haggling with dealer, they did reallign the car, but could not do anything about the ruined tires (Michelin would not stand behind them either.."it was an alignment problem, you know").....so, researched tires at tirerack.com and got the best, quietest tires I have ever owned....Goodyear Response Edge Touring....that was $600, but well worth it....on any Hyundai, check the 12 month only warrenty for "adjustments" and have it gone over with a fine tooth comb at 11 months...
Other problem was an in warrently switch went out on the passenger side seat tilt...it came forward all the way and my wife had to ride the remainder of our 2,000 mile trip in the back seat...took 2 trips to the dealer (diagnosis,first and order part), then return for installation)....good service, but still a pain in the neck...
My normal driving (we live in the mountains) milage is around 21 mpg and do about 28.5 on the highway (air on all the time, do about 70-75 where allowed)
Now to the Genesis.....it is slightly larger, and I mean SLIGHTLY, driver's seat area feels like there is more room, especially feet area, with left knee still rubbing against door, but not right knee against console like it seems in the Azera......trunk is quite a bit larger, but NOTE, you can no longer lay the rear seat backs down,so with exception of a ski hole in the center arm rest, the trunk is all you got (at age 67, I don't need skis anyway)....actual room in the back seat seems a little smaller, but then the Azera is very comfortable..
Seats are more fully padded than Azera so car feels more like a luxury car....and it is noticibably quieter than the Azera, rides over bumps much more smoothly and you hardly know the V6 is running, even when stomped on, and it is fast, but not any noticible difference with my Azera....the sticker says 17 & 27 (who really knows) but it calculates annual fuel cost using $2.80 a gallon, was the sticker printed several years ago?.......very smooth 6 speed transmission, hardly notice shifting.....
They have substantially improved the dash lighting...from one item to the other, they seem to use the same lighting color configuration (makes it much easier on the eyes than the Azera)...fewer storage spaces in the front cabin, but the cup holders are better positioned so you aren't reaching backward to get your cup...many more controls are in the steering wheel....interesting, the brochure shows a wood grain, mostly leather wrapped steering wheel, but its all leather wrapped...
One of my biggest complaints about the Azera is I was told that the CD changer had ramdom play...can't say they lied, it does, but ONLY within a disc, not between and among discs....that's about as useless as you know what.....so I had to have a JVC 12 disc changer installed in the trunk which has true random play throughout the entire collection....has the Genesis corrected that problem?...no way, be sure to check it out if that is a concern to you.....it has XM Radio (only 3 month trial for the service), blue tooth for your cell (you must have a blue tooth phone)...does not appear to have a backup camera or sensor....may have with the NAV package (not on the one I tested or in the dealers information knowledge bin)...
They have removed two items I found very helpful on the Azera: (1) electric folding side mirrors) and; (2) adjustable pedals for the driver....
I couldn't wait to see and drive the new Genesis.......overall impression is that it is a good car, missing some things I find important to me and I was not awe struck enough to want to go out and pay almost $6,000 more (they will get sticker for awhile) than I could get the newest Azera for with the addition of NAV and built in XM radio......The styling is so similar to the Azera that I think they missed a differentiation point here ...will be interested in others impressions as time goes along
BTW, the SC sales tax is capped at $300 and is based on difference between selling price and trade in value. IMO, this is real fiscal irresponsibility on part of the state government, but good for car buyers.
In 1969 or 1970, Chevrolet took 6% off any Chevy vehicle '69 Corvair owners wanted to trade on as they discountinued the Corvair in '69. Wonder if Hyundai would let those of us not happy with our Azeras do the same on a Genesis?
Also, if a person wants to have a full random access music experience in the new Genesis, the best and least expensive way to do this would be to pick up a USB drive and place it in the center console USB slot. You could carry thousands of songs with you, control all of them from the display and have a random function for the thousands of songs that you have.
Just thought I would mention that the XM radio and the NAV TRAFFIC are free for 12 months when you get the tech package. Also, the backup camera comes with the nav system.
I am surprised to hear that the Genesis looks so similar to the Azera in the reviewers eyes. Having seen these cars sitting next to each other, I never thought anyone would confuse the two. Of course, everyone's eyes are different.
http://sfbay.craigslist.org/search/car?query=genesis&minAsk=min&maxAsk=max&addTw- o=
If you can get a mid-to-large luxury sedans for 379/month (not the entry premium sedans G35 et al), go for it. Be sure to look at the fine print, upfront payment, money factor, residual, annual mileage, etc.
FWIW, the intrdouctory lease program for Genesis is very attractive (details posted a short while ago), especially with its 66% residual (24 months) or 50% residual (36 months) - fantastic numbers.
Go drive one, you will find the Genesis to be one of the most balanced cars in the class.
I am doing the same
I don't know; the Azera and the Genesis couldn't be any different, including from a styling POV. I will say, however, had Hyundai stuck the alternate grill previewed a while back, then you may be onto something. Glad Hyundai didn't go with that route.
I have made an appointment to drive one at Rick Case on Monday. It sounded like they may be willing to deal (that's a maybe). They also don't have one with the tech system yet.
Lehman in Miami I contacted through my insurance company (USAA) and they promise a good deal. They called to tell me they had two on Wednesday. I told them to call when they have one with the tech system. I added that I hate the colors white and silver and wouldn't take those colors no matter what the price.
Coconut Creek said the list price for a V6 with tech system would be $38,000. Rick Case said it would be $37,000. Lehman has not mentioned price. The guy at Rick Case said that the tech system includes the Premium Plus system.
I think others on this forum have mentioned that price would be $40,000.
I guess I'll have to wait until someone actually gets one with the tech system.
In my area you can not combine the college grad and military rebates under any program. I am a bit sceptical of this ad. It looks like a teaser that they are using to get you in the door with the "well you don't qualify" speech at the end. Oh, and on top of that, the financing that they are detailing here would not be available with these rebates either. The college grad program comes with a Tier 2 rate from HMFC at a max of 60 months. You have to finance with HMFC to get the rebate. That sure isn't 5.90% and it isn't 96 months either. Crazy.
However, it does look like there is a $500 dealer discount in there. At least it's below MSRP.
If there are dealer discounts that are being thrown in, then that would change the final price, but the MSRP will be $40,000.
The $37,000 figure is due to the same mistake that my regional folks were telling me. They were only adding the $4000 to the $33000. The order guide in my desk has the tech pkg as a $7000 total option. This will be applicable nationwide.