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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.
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.
Add that the market is now in the toilet. Hyundai sales down 31% in October, Toyota Corp. sales down 23%.
If Hyundai wants the Genesis to be a tester for a lux brand, then they are going to have to keep the idea of improved residuals in mind as well. With no way to know what the market will look like in 5 years, it is in the best interests of resale value on this car to keep the incentives away. Just ask Honda about that approach.
Anyway, one can always argue that the Genesis has a pretty reasonable "badge discount" applied straight from the factory!!
Is possible yet to get Hyundai Genesis-sedan V8 Tech-pak at $35K ? I see some major Genesis-competitors going way below invoice!
Adv. Thx.
VeraGen
Hi VeraGen
Where I live, the current deal is only for the lease, I managed to get the 0% 24 month lease (before it went up on the 5th), I managed to get the least price down from $714 to $605 for a fully loaded V8, so indeed after all said and done I managed to get the price down by few $$.... (I could have done more, but I was tired of waiting and wanted one now with the right color combo)
However I do not believe the prices you mentioned would be possible for at least few months, where I live these vehicles do seem to move at very close to the MSRP...
Good luck and hope you find a good deal...
And yes, A Genesis V8 Tech-pak for $35K? I maybe possible in a few months of 2009 year.
VeraGen :shades:
One of the dealers I was working with had a nice Red-Pearl / Saddle-Leather V6 Tech and I must say the color combo looked sharp indeed..
Where I live (South East) the V8s are just beginning to arrive, first I was looking at the Titanium, but the black interior with the saddle dash trim did not sit well with Mrs., not mention the dealer was very proud of being the first in town to have the V8 and would not play, so I switched dealers and they had a Champaign (the color is closer to being pearl than gold/Tan) with the cashmere interior and the black dash leather trim. Most people who have seen it agree that the color combo is both Elegant and stunning.(although the important thing is I like it )
As far as 35k V8 Tech.. everything is possible.. then again sometimes life is just too short...
I am trying to figure out what kind of pricing I should be able to negotiate for a V6 w/Tech Pkg. I have not seen people talking about these much and I am definitely hoping I can negotiate under the invoice price. Anyone purchase V6 tech for below invoice yet? I have seen 1 dealer online offering the package for $34,499... Not sure if I could get it down further. Thanks for any insight!
xxOz
Best price i got for V6 w/ Tech was $ 36,350 plus TTL
You paid $30,000 for a V6 with tech and premium plus packages. Is that correct? Which Atlanta dealer?
I dont understand this in view of the economy ,slow sales rtc. that they wouldnt even give 1k off .
This dealer has had a red one on the lot for months and it hasnt moved and a black. one that hasnt moved.
bryond that just trying to find the one you want is difficult if seeing it first is important.
It seems that Hyundai has done a poor job of getting the hype ,advertising,and availability to coincide.
I also know how many Genesis have been sold throughout the US since their release in August, surprisingly they are not flying off the lots.
Thanks!
Desperate dealers I've seen have the V6 down at $29,888. Invoice is $30,243. So they are selling these Genesis' well below invoices to make sales numbers at the end of the month at some small dealers. Huge dealerships are harder to negotiate with.
The V8 is just being hyped by the dealer. What matters is the 0-60mph.
The V6 goes 6.1, the V8 does it in 5.6 seconds. The V8 just sounds better doing it a little bit slower. Is it worth 12K?
The V6 though is a better story. I'm seeing nearly $400 below INVOICE at several dealers. If you wait a few months the dealers will sell the V8 at invoice once they realize they're sitting on the floor room too long. They know the V8 has demand and are holding out for those people who just have to have the newest product at MSRP.
Congrats on the purchase. I am glad I made the move as well. Everyone is "staying away from the Hyundai nameplate". A little afraid. They have come a long way and I am sure they didn't just throw this car out there. Too much to risk. I know they don't want to revert back to the Hyundai of old. Does the first Excel ring a bell? Just like you, I have had zero issues. I have had "luxury" vehicles in the past. This truely qualifies as one. My trade was a 2006 M35 Sport. I think I could have sold the car myself for more. But I just took the $21000 offer and moved on. Didn't want the hassel. Had to put up fight for the $21000. The original offer was $19000. That wasn't going to happen. So here I am!
I saw some postings on this site that indicated that some saw pricing as low as $1900 below invoice. I'm not finding that around here... South Jersey. Any one else doing any year end shopping and what are you finding. I am looking at the V6 with the Premium Package (no nav or upgraded wheels). Thanks.
Purchase Date: 1/1/09
Model: 3.8L V6 with Tech Pkg
Color: Titanium Grey Metallic with Jet Black Interior and Saddle dash inlay.
Accessories: Rear Cargo Tray, iPod Cable, and Alloy Wheel Locks
MSRP: $40,180
Invoice: $37,758
Price Paid: $36,575 plus TTL
I purchased the car. I went to the dealership with a pre-approved loan at 4.74% for 60 months. The dealer gave me a rate of 4.65% so I financed the car through them.
I'm in Central NJ.
And I love it fantastic vehicle better than my BMW or MB ride was great and yet could still feel the road and love the blue tooth. I have enjoyed this car so much selling my german cars and going to buy the track coupe.
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However, V8 only cost $2,000 more if you op for the whole thing. Also, V8 at 60mph will have lower rmp. I really like low rmp highway cruising. however, V6 probably cruises like that. My Azera 3.8 Limited does 2,400+ rpm at 73mph.
I can't wait to get hands on Genesis. It seems like the winner. Either Genesis and G8 offers great value for the money. They both have very unique characteristics.
I have an offer for Hyundai Genesis 3.8 w/ tech MSRP 40130
for 36500 plus can still use the 1.9 or 2.9 financing.
I loved alot of the options but man stiff ride! and it is a hyundai.
torn between it Maxima & CTS gas mileage is my issue and ride.
I drive alot of miles 25k last year. any advice appreciated. I am in Houston Texas.
I proceeded to tell him that now that they are dealing with customers that are normal, Acura, BMW, Lexus, etc customers that we're a little more savvy than their normal customer. Told him to call me when he wanted to actual sell a car instead of trying to rape a customer. Talk about lies..... Give me a break.