oohpapi44

iTrader: (1)

You can also pick up a set of Velox rims from Costco now as well. 20's

Costco

this is what came up for Lexus

joe80

I know. probably you can haggle the price and get another 3-4k discount. but no way 2 year old genesis v6 will go for 15k. Even Kia Amanti didn't go that low.


again, you always get 3-4k off when you are dealing hyundai. so buying a genesis base v6 for 29k is nothing new. target price for genesis v8 is 4-5k off msrp. 3-4k for v6. people are already getting 2-3k off from Sonata.

bagwell

yep, they seem to be holding their value pretty well...

joe80

all hyundais hold their value pretty well as of late. definitely above average, finally. Sonata has the best 4 year residual, better than accord at 41%. last gen sonata had the 4th worst 4 year residual among midsize sedan!

when you make better product, the resale value goes up. just look at Ford now and Ford 5 years ago.

Joeb427

iTrader: (1)

$15K is too low.
I have a friend who worked at a Ford dealership selling used vehicles.
He told me used cars are markup an average of about 30%.
Also said if a vehicle is sold at 10-15% off the asking price,the customer is happy and the dealership of course would like more of a profit but is happy.
Sometimes if a vehicle has been sitting and ready to be wholesaled,they will let it go for close to wholesaler's cost.Still making some money from the sale and doc fees.

joe80

well i sorta agree. KBB price things little too high though. Dealers go with a black book

here are some KBB suggested retail value for 1 year old 20k miles genesis

http://www.kbb.com/kbb/UsedCars/Pric...e|2428861|true

2009 Hyundai Genesis 3.8 Sedan 4D 20k miles $32.7k.


http://www.kbb.com/kbb/UsedCars/Pric...e|2428869|true

36k for genesis with technology package.

Joeb427

iTrader: (1)

In my area most dealers use the Galves Book which is much lower than KBB.

joe80

KBB is basically worthless especially when you try to use it against dealers. it's always 2-3grand more than the actual market price.

Allen K

iTrader: (4)

Probably, but a lot of folks don't have the know-how or time to negotiate. For the minimal amount of work to get the deal, this is great

I8ABMR

I bought my GS with a COSTCO card. All I did was show them the card so they could photo copy it and I got the car from $50,000 down to $44,500 with out haggling or going back and fourth with "the manager". That COSTCO card made my Lexus shopping experience much easier at the end of my shopping. I would go back and fourth with the sales team when some sales guy asked if I had a COSTCO card . I said yes,I gave it to him to photocopy, and we started the paperwork. Good stuff

tex2670

Look up on the top shelf at the end of aisle 342...

STIG

I agree. I went and check out the Genesis, and it was a horrible experience. They were talking to me like I have never seen a luxury car before. They need to upgrade their salesmen with prison tattoos.

TJW98LS

iTrader: (1)

Luxury is not ALL about the car. Yes, for the most part that is why you buy it, but I know that even when I take my old 2003 LS430 in for servicing, I will get a RX or sometimes even a LS as a loaner vehicle until it is finished. While you wait at the Lexus dealer, you are pretty much pampered.

I visited the Hyundai dealership once (the ATT store is bigger than this place by the way) just to look around. They don't give Loaner vehicle out, and if some dealerships did, it might be the lowest model available (Accent). Their waiting room looked so dirty and not comfortable at all.

So I think I'll buy a used $40K Lexus over a Brand New Hyundai, because if in the event I need to take it in for servicing, I would never drive a crappy Hyundai Accent loaner.

LexFather

I laughed so hard at the last sentence

IS-SV

Next time I pick up a 24pack of Charmin toilet paper, I'll check out the Genesis too.