Just scheduled my personalized demonstrations on the Hyundai Equus.
#61
I know this does not directly apply to the conversation at hand, but I recently read a review of the Equus that mentioned high speed handling and stability in the car was "scary" at speeds above 100 mph. Not exactly a good thing given the price segment the Equus will be competing in.
#62
Lexus Champion
Yeah their dealers are getting cocky, I took my parents in to check out the Gensis in our 400h and we heard an earful about how much we over paid for our car because whatever SUV they had cost so much less, gets about the same mile and handles better.
My dad almost got in a verbal fight with the sales manager if I didnt drag him outta there lol
My dad almost got in a verbal fight with the sales manager if I didnt drag him outta there lol
Trying to sell high end cars with low end staff isn't going to change Hyundai's perception to Tier 1 buyers.
One of the most impressive things that I found with the Porsche sales guy when looking at the Panamera, is that he new every competitor vehicle in the class and new it's strengths and weaknesses. He didn't say one disparaging word about any other model or marque. That is how a great salesman sells cars.
#63
Yeah their dealers are getting cocky, I took my parents in to check out the Gensis in our 400h and we heard an earful about how much we over paid for our car because whatever SUV they had cost so much less, gets about the same mile and handles better.
My dad almost got in a verbal fight with the sales manager if I didnt drag him outta there lol
My dad almost got in a verbal fight with the sales manager if I didnt drag him outta there lol
Lexus cost more is not due to silly mark up, it is because it is so much better
#64
For sure. It is good for the consumers though, a used Equus will be the perfect beater in a few years. Mint low mileage car should be available for around $20k.
Last edited by BNR34; 12-22-10 at 09:51 AM.
#66
Lexus Fanatic
iTrader: (3)
Sounds like Hyundai needs to work on training their staff.
Think about it: a guy has been selling $10K accents and $20K Sonatas for years, and all the sudden they drop a $65k luxo barge on the showroom floor. I'm sure the commission and sheer thought of a sale is making him salivate. No wonder he is being passive aggressive.
Sorry to hear this.
Think about it: a guy has been selling $10K accents and $20K Sonatas for years, and all the sudden they drop a $65k luxo barge on the showroom floor. I'm sure the commission and sheer thought of a sale is making him salivate. No wonder he is being passive aggressive.
Sorry to hear this.
#67
Guest
Posts: n/a
True the Phaeton is a phenomenal car. I'll have to review the Equus to see how it stacks up.
Good point on the drop of values, gonna drop like a rock.
It really reminds me of my Hyundai visit I reported. The Genesis sedan looked completely out of place there, even though I thought it was a a fine car. The place just screamed CHEEAAAAPP.
The Genesis hasn't sold as well as predicted and now has ample incentives and lease rates. The Equus will surely follow its path.
I think I'll go and try to check one out and see how things go so we can get another evaluation (edit just contacted them)
Good point on the drop of values, gonna drop like a rock.
It really reminds me of my Hyundai visit I reported. The Genesis sedan looked completely out of place there, even though I thought it was a a fine car. The place just screamed CHEEAAAAPP.
The Genesis hasn't sold as well as predicted and now has ample incentives and lease rates. The Equus will surely follow its path.
I think I'll go and try to check one out and see how things go so we can get another evaluation (edit just contacted them)
Last edited by LexFather; 12-22-10 at 09:58 AM.
#68
One of the most impressive things that I found with the Porsche sales guy when looking at the Panamera, is that he new every competitor vehicle in the class and new it's strengths and weaknesses. He didn't say one disparaging word about any other model or marque. That is how a great salesman sells cars.
As the level and class of cars goes up, their corresponding salesman's level of knowledge, intelligent and courtesy goes up. The highend brand's salesmen knows all competitor's strengths and weaknesses and they are never pushy. My favorite was the Aston Martin's guy, he is a perfect British gentleman and a genuine car guy, he wants me to drive his car even though he knows I am not serious of buying one. He said once you drive it, you would want one That's how you sell a car!
Hyundai is the opposite end, laughed at the higher end car you drove in and only wants to know what color you want and when you can write them a check.......LOL
This is the reason why I want to check out all level of cars, it is fun to see how people behave at different level. From Hyundai to Bugatti
#70
I understand that I am not the market for this car, but I still don't know who is?? It is a $60,000 vehicle right? Hyundai's bread and butter is dominating/creating the low end market. At $60,000, a customer can buy practically anything and I don't see them wanting save a few pennies by going with the Hyundai instead of the 5 series or GS or anything else...
I know they said the same about the Genesis, which I think is a great car btw, but the Equus doesn't even look the part to me. It's easy to tell that a lot more thought and effort went into the Luxury brands.
I know they said the same about the Genesis, which I think is a great car btw, but the Equus doesn't even look the part to me. It's easy to tell that a lot more thought and effort went into the Luxury brands.
There are tons of them out there who will buy luxury at the cheapest price they can find.
#71
Lexus Fanatic
iTrader: (20)
I was thinking Hyundai would bent over backward to ask people to test drive the Equus, I guess not. I guess the success of the Sonata and Genesis is making them arrogant now. Is funny when you walk onto a Hyundai dealer now, their salesman make you think they are selling Bentleys.
I don't think the car would fail though, after all it should be decent and it is cheap. Especially when you can buy a used one for $25k-$30k after 2-3 years. Umm a new Sonata or a slightly used Equus
maybe 60% of the effort is the right amount now?
For the record, I have no intention of buying a Equus.
I want to check it out simply for the reason of checking out a lower price value competitor. I have no desire to buy a lower quality car for less money.
For sure. It is good for the consumers though, a used Equus will be the perfect beater in a few years. Mint low mileage car should be available for around $20k.
maybe that slimeball is smarter than you realize and on to you. they can often read people extremely well and know when their chain is being yanked.
#72
Lexus Fanatic
iTrader: (20)
also, BNR, you've posted a couple of times how couple of year old Equus are likely to be half the new price. well, just looked at used LS600hL and found it interesting that a low mileage one is about half what a new one is too.
2008 Lexus LS 600hL
27589 miles
$59,995
2008 Lexus LS 600hL
27589 miles
$59,995
#73
Based on all the various salesmen (maybe 5-6) I have met at the Hyundai dealer since the Genesis sedan came out. I wasn't talking about this guy I just talked to on the phone at all
Not speculation. Most used cars have the same pattern of depreciation rate, from $15k Kias to $300k Bentleys. The value dropped 50% every 3 years or so, plus and minus 1 year and 10%, depends on if it hold it's value or not. I would guess the Equus is on the lower side, so it would depreciate 60% in 3 years. Hence where the $25k-$30k came from.
Lexus gave it 500% when they made the LS400 to break into the luxury market 20 years ago. Hyundai must be god to think they can do it with 60%.
I should have said "I have no intention of buying a Equus right now". No one knows the future and I could be a potential buyer in the future. So you don't look at any cars at all if you are not ready to buy one?
I could be so impress by the car that I change my mind and buy one? No one knows what will happen. My standard is pretty low, the Aston Martin salesman met my standard 100%, and he insisted that I test drive the car even after I told him I am not a serious buyer. Smart salesman play it from a different angle.
Because every cars I own now is a Lexus, that makes me not going to buy any other brand in the future?
I never said he wasn't smart, I just said his attitude is really bad. Test driving a car with no intention of buying is yanking his chain?
Not speculation. Most used cars have the same pattern of depreciation rate, from $15k Kias to $300k Bentleys. The value dropped 50% every 3 years or so, plus and minus 1 year and 10%, depends on if it hold it's value or not. I would guess the Equus is on the lower side, so it would depreciate 60% in 3 years. Hence where the $25k-$30k came from.
Lexus gave it 500% when they made the LS400 to break into the luxury market 20 years ago. Hyundai must be god to think they can do it with 60%.
I should have said "I have no intention of buying a Equus right now". No one knows the future and I could be a potential buyer in the future. So you don't look at any cars at all if you are not ready to buy one?
I never said he wasn't smart, I just said his attitude is really bad. Test driving a car with no intention of buying is yanking his chain?
Last edited by BNR34; 12-22-10 at 08:51 PM.
#74
The LS600hL is a less popular used car, so it only worth 50% in 3 years.
I predict the Equus would depreciate 50%-60% in 3 years.
#75
I wasn't implying that because the Equus is inferior, it would depreciate extra fast. I was mainly saying since the Equus start out with a lower MSRP of around $60k, when it worth $25k-$30k in 3 years, it would be extra desireable. When a fully loaded LS460L still worth $40k-$45k.