2015 Genesis Sedan Thread
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baseless accusation. i'm certain genesis/equus depreciation aren't any worse than germans or jaguar. many high end models not named LS depreciates like crazy. hell my best friend is a serious audi homer and he bought an 6 year old a8 for dirt cheap.
i remember elantra winning top residual awards few years ago, probably before the mpg fiasco. i don't know how they are doing now, but most likely they are probably average. somewhere between toyota/honda and domestics.
i remember elantra winning top residual awards few years ago, probably before the mpg fiasco. i don't know how they are doing now, but most likely they are probably average. somewhere between toyota/honda and domestics.
Please do not bring the LS in the discussion and it is ridiculous to say genesis/equus resale is no worse than the Germans or Jaguar.
bmbutler shared his OWNERSHIP experience. He is not some guy without the car promoting it.
Lexus Champion
Joined: Aug 2006
Posts: 12,592
Likes: 285
From: Illinois
Last weekend I saw a new Genesis parked in my neighborhood and it looked very nice. Had good presence, looked upscale and was bigger than I expected. I checked it out more than once before it left.
Personally, I'm not ready to drop $40k-$50k on one but I can see how it would make a pretty good value proposition to the right buyer.
Personally, I'm not ready to drop $40k-$50k on one but I can see how it would make a pretty good value proposition to the right buyer.
Lead Lap
Joined: Nov 2013
Posts: 477
Likes: 0
From: il
You got to be kidding me. We are not talking about a 6 year old A8. Hyundai's Genesis and Equus sell far under MSRP and on top of that have horrid resale value. A 2 year old Equus can be had in the 30s. This isn't some new thing, it should be expected since they are far less known without the brand panache. They might never have great re-sale value, that is NOT a reason for purchase. The reason for purchase for many is "Value".
Please do not bring the LS in the discussion and it is ridiculous to say genesis/equus resale is no worse than the Germans or Jaguar.
bmbutler shared his OWNERSHIP experience. He is not some guy without the car promoting it.
Please do not bring the LS in the discussion and it is ridiculous to say genesis/equus resale is no worse than the Germans or Jaguar.
bmbutler shared his OWNERSHIP experience. He is not some guy without the car promoting it.
i can bring LS in the discussion whenever i want. but all i said 'NOT NAMED LS.'
and why do you think i'm kidding? ah that's right. you are the ultimate lexus loyal customer. you must never bought german cars before.
just from my recent car shopping experience, many german products depreciates alot. i don't even have to research it. i know this. i was looking around used cars.
2010 528i. you can easily find them in low 20s.
2010 535i xdrive certified - you can find these easily for 25k. there are ton of them where i live.
2010 genesis 3.8. you can easily find them for around 18-20k.
2010 E350 - easily can be had for around 23-25k. my friend bought one.
i think a6 has a better value. but 5 series depreciates alot.
so will german car buyers be shocked to see hyundai depreciating like crazy? hell naw. german car buyers know many of german luxury products depreciate like crazy. so yes it is a baseless accusation to say genesis' depreciation will shock them because those GERMAN CARS depreciates alot. 2010 genesis was what 33k-42k car? much lower in msrp.
we all know S class, a8, 7 series, xj depreciate like crazy. doesn't matter what year. 100k car depreciates like crazy. NOT NAMED LS.
Last edited by hlee12; Jun 27, 2014 at 05:49 PM.
Lead Lap
Joined: Nov 2013
Posts: 477
Likes: 0
From: il
hm.. strange. autotrader won't let me link. it gets broken. strange. anyway
just looked equus on autotrader
2013 equus
lowest 37k with very low miles
highest 48k with very low miles
it definitely depreciates alot. but i'm sure most 60k 2013 german cars can be had for 40-50k too.
2012 equus
lowest 29k (82k miles)
highest 42.5k (7.6k miles
seems like equus depreciates more than genesis. understandable because it's friggin 60k hyundai. and even if genesis/equus depreciates more than german cars it can't be that much more.
just looked equus on autotrader
2013 equus
lowest 37k with very low miles
highest 48k with very low miles
it definitely depreciates alot. but i'm sure most 60k 2013 german cars can be had for 40-50k too.
2012 equus
lowest 29k (82k miles)
highest 42.5k (7.6k miles
seems like equus depreciates more than genesis. understandable because it's friggin 60k hyundai. and even if genesis/equus depreciates more than german cars it can't be that much more.
Last edited by hlee12; Jun 27, 2014 at 06:19 PM.
Guest
Posts: n/a
This is ridiculous. Anyone trying to say the genesis and Equus depreciates just like the German luxury Marques has no clue. You are comparing the deprecation of a 120k German car to a 40k Hyundai saying "oh they both depreciate" which is illogical.
Please don't mistake my Lexus Ownership with not clearly knowing about other brands. I just spoke to Hyundai 2 weeks ago for crying out loud.
But please englighen us CP1 on how incredible their resale value is.
Unfollowed..... #3
Please don't mistake my Lexus Ownership with not clearly knowing about other brands. I just spoke to Hyundai 2 weeks ago for crying out loud.
But please englighen us CP1 on how incredible their resale value is.
Unfollowed..... #3
Lexus Champion
Joined: May 2011
Posts: 3,544
Likes: 6
From: South Florida
i can bring LS in the discussion whenever i want. but all i said 'NOT NAMED LS.'
and why do you think i'm kidding? ah that's right. you are the ultimate lexus loyal customer. you must never bought german cars before.
just from my recent car shopping experience, many german products depreciates alot. i don't even have to research it. i know this. i was looking around used cars.
2010 528i. you can easily find them in low 20s.
2010 535i xdrive certified - you can find these easily for 25k. there are ton of them where i live.
2010 genesis 3.8. you can easily find them for around 18-20k.
2010 E350 - easily can be had for around 23-25k. my friend bought one.
i think a6 has a better value. but 5 series depreciates alot.
so will german car buyers be shocked to see hyundai depreciating like crazy? hell naw. german car buyers know many of german luxury products depreciate like crazy. so yes it is a baseless accusation to say genesis' depreciation will shock them because those GERMAN CARS depreciates alot. 2010 genesis was what 33k-42k car? much lower in msrp.
we all know S class, a8, 7 series, xj depreciate like crazy. doesn't matter what year. 100k car depreciates like crazy. NOT NAMED LS.
The germans do have a good bit of depreciation but you simply cannot compare the resale value of a Hyundai to the rest.
09 Gen $13k - http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=605796677&listingRecNum=189&criteria=feedSegId%3D28705%26rpp%3D50%26isDealerGrouping%3Dfalse%26sf2Nm%3Dmiles%26requestorTrackingInfo%3DRTB_SEARCH%26sf1Nm%3Dprice%26sf2Dir%3DASC%26stkTypId%3D28881%26PMmt%3D1-1-0%26rn%3D150%26zc%3D33055%26rd%3D250%26crSrtFlds%3DstkTypId-feedSegId-mkId-mdId%26mdId%3D21221%26stkTyp%3DU%26mkId%3D20064%26sf1Dir%3DDESC&aff=national&listType=1
2012 Equus $25k- http://www.cars.com/go/search/detail...nal&listType=1
You wont see any 2012 Lexus, BMW, MB, or Audi flagship selling that cheap even with the mileage.
Last edited by Justin2JZ; Jun 27, 2014 at 07:06 PM.
Lead Lap
Joined: Mar 2012
Posts: 501
Likes: 4
From: ny
surprising thing that hyundai is not getting the positive demand for the new genesis they were hoping for.
dealers are willing to let them go for about 4000 below msrp.
a one year old 2015 genesis would be a steal at 30k.
dealers are willing to let them go for about 4000 below msrp.
a one year old 2015 genesis would be a steal at 30k.
The pursuit of F
Joined: Jul 2006
Posts: 8,296
Likes: 303
From: Toronto, Canada
Despite the lower than average resale value, the new Genesis is growing on me. Maybe a used one in a couple of years for half the cost of new is in my horizon. 
http://www.kbb.com/hyundai/genesis/2...undai-genesis/
For MY 2015:
http://www.kbb.com/hyundai/genesis/2...29518733173600
http://www.kbb.com/hyundai/genesis/2...undai-genesis/
Matched up feature-for-feature against luxury-brand sedans of similar size, the Genesis is an astonishing bargain. Check KBB.com's Fair Purchase Price to see what folks in your area are paying for the Genesis. Resale value is still something of an open question as the Genesis continues to blaze a trail for Hyundai in an image-conscious segment. We expect the 2014 Hyundai Genesis sedan to offer fair resale values, bettering some domestic rivals and remaining on par with vehicles like the Volkswagen CC. However, it does not yet retain value the way Lexus, BMW and Audi luxury models do.
For MY 2015:
http://www.kbb.com/hyundai/genesis/2...29518733173600
Compared with the base Cadillac CTS, Lexus GS, Mercedes-Benz E-Class and BMW 5 Series sedans, the 3.8-liter Hyundai Genesis is priced significantly lower. As the Genesis continues to improve the brand's image, we expect to see resale values go up, but that is something that will be determined over time.
Last edited by corradoMR2; Jun 28, 2014 at 02:49 AM.
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Lead Lap
Joined: Nov 2013
Posts: 477
Likes: 0
From: il
This is ridiculous. Anyone trying to say the genesis and Equus depreciates just like the German luxury Marques has no clue. You are comparing the deprecation of a 120k German car to a 40k Hyundai saying "oh they both depreciate" which is illogical.
Please don't mistake my Lexus Ownership with not clearly knowing about other brands. I just spoke to Hyundai 2 weeks ago for crying out loud.
But please englighen us CP1 on how incredible their resale value is.
Unfollowed..... #3
Please don't mistake my Lexus Ownership with not clearly knowing about other brands. I just spoke to Hyundai 2 weeks ago for crying out loud.
But please englighen us CP1 on how incredible their resale value is.
Unfollowed..... #3
i just gave you examples of 5 SERIES AND E class. not the v8s. 6 cylinders. go look it up. google is your friend.
dude, i'm not CP1. seriously.
Lead Lap
Joined: Nov 2013
Posts: 477
Likes: 0
From: il
It is true what Mike is saying. I just looked there are 2012 and 2013 fully loaded Gen R-Specs going for mid 20's. There are multiple 2011 examples of the Equus in the high 20's to low 30s. Frankly thats pretty horrible. I have a 2008 535i, in early 2012 I picked it up for $32,000 flat with 45,000 miles. Thats a good bit of depreciation but its damn sure better than the 2009-2010 Genesis's selling in the teens.
The germans do have a good bit of depreciation but you simply cannot compare the resale value of a Hyundai to the rest.
09 Gen $13k - http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=605796677&listingRecNum=189&criteria=feedSegId%3D28705%26rpp%3D50%26isDealerGrouping%3Dfalse%26sf2Nm%3Dmiles%26requestorTrackingInfo%3DRTB_SEARCH%26sf1Nm%3Dprice%26sf2Dir%3DASC%26stkTypId%3D28881%26PMmt%3D1-1-0%26rn%3D150%26zc%3D33055%26rd%3D250%26crSrtFlds%3DstkTypId-feedSegId-mkId-mdId%26mdId%3D21221%26stkTyp%3DU%26mkId%3D20064%26sf1Dir%3DDESC&aff=national&listType=1
2012 Equus $25k- http://www.cars.com/go/search/detail...nal&listType=1
You wont see any 2012 Lexus, BMW, MB, or Audi flagship selling that cheap even with the mileage.
The germans do have a good bit of depreciation but you simply cannot compare the resale value of a Hyundai to the rest.
09 Gen $13k - http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=605796677&listingRecNum=189&criteria=feedSegId%3D28705%26rpp%3D50%26isDealerGrouping%3Dfalse%26sf2Nm%3Dmiles%26requestorTrackingInfo%3DRTB_SEARCH%26sf1Nm%3Dprice%26sf2Dir%3DASC%26stkTypId%3D28881%26PMmt%3D1-1-0%26rn%3D150%26zc%3D33055%26rd%3D250%26crSrtFlds%3DstkTypId-feedSegId-mkId-mdId%26mdId%3D21221%26stkTyp%3DU%26mkId%3D20064%26sf1Dir%3DDESC&aff=national&listType=1
2012 Equus $25k- http://www.cars.com/go/search/detail...nal&listType=1
You wont see any 2012 Lexus, BMW, MB, or Audi flagship selling that cheap even with the mileage.
hey look 2013 550i xdrive
$32.9k
http://www.cars.com/go/search/detail...nal&listType=1
2012 E550 4 matic 66k miles
32k
[http://www.cars.com/go/search/detail...nal&listType=1
these go north of 70k if you load them up.
Last edited by hlee12; Jun 28, 2014 at 08:19 AM.
Lexus Test Driver
Joined: Jan 2002
Posts: 8,764
Likes: 1
From: Treasury
Guy in my office is seeking a CPO ride so we had to take a look really quick based on your numbers.
We just pulled the stats within 500 miles of Detroit which includes your area and average price of a 535 xdrive is about 30k, maybe you found some beat up one for 25k and used it to make your point but I do not see these numbers as being accurate as my employee just said, if they are only 25k there would be one in our parking lot right now.
i can bring LS in the discussion whenever i want. but all i said 'NOT NAMED LS.'
and why do you think i'm kidding? ah that's right. you are the ultimate lexus loyal customer. you must never bought german cars before.
just from my recent car shopping experience, many german products depreciates alot. i don't even have to research it. i know this. i was looking around used cars.
2010 528i. you can easily find them in low 20s.
2010 535i xdrive certified - you can find these easily for 25k. there are ton of them where i live.
2010 genesis 3.8. you can easily find them for around 18-20k.
2010 E350 - easily can be had for around 23-25k. my friend bought one.
i think a6 has a better value. but 5 series depreciates alot.
so will german car buyers be shocked to see hyundai depreciating like crazy? hell naw. german car buyers know many of german luxury products depreciate like crazy. so yes it is a baseless accusation to say genesis' depreciation will shock them because those GERMAN CARS depreciates alot. 2010 genesis was what 33k-42k car? much lower in msrp.
we all know S class, a8, 7 series, xj depreciate like crazy. doesn't matter what year. 100k car depreciates like crazy. NOT NAMED LS.
We just pulled the stats within 500 miles of Detroit which includes your area and average price of a 535 xdrive is about 30k, maybe you found some beat up one for 25k and used it to make your point but I do not see these numbers as being accurate as my employee just said, if they are only 25k there would be one in our parking lot right now.
i can bring LS in the discussion whenever i want. but all i said 'NOT NAMED LS.'
and why do you think i'm kidding? ah that's right. you are the ultimate lexus loyal customer. you must never bought german cars before.
just from my recent car shopping experience, many german products depreciates alot. i don't even have to research it. i know this. i was looking around used cars.
2010 528i. you can easily find them in low 20s.
2010 535i xdrive certified - you can find these easily for 25k. there are ton of them where i live.
2010 genesis 3.8. you can easily find them for around 18-20k.
2010 E350 - easily can be had for around 23-25k. my friend bought one.
i think a6 has a better value. but 5 series depreciates alot.
so will german car buyers be shocked to see hyundai depreciating like crazy? hell naw. german car buyers know many of german luxury products depreciate like crazy. so yes it is a baseless accusation to say genesis' depreciation will shock them because those GERMAN CARS depreciates alot. 2010 genesis was what 33k-42k car? much lower in msrp.
we all know S class, a8, 7 series, xj depreciate like crazy. doesn't matter what year. 100k car depreciates like crazy. NOT NAMED LS.
Lexus Test Driver
Joined: Jan 2002
Posts: 8,764
Likes: 1
From: Treasury
The 550 you posted has a salvaged title. so yeah its cheap.
2010 550 price average list is $35k, hell 2012 averages 45-47k let alone a 2013
2010 550 price average list is $35k, hell 2012 averages 45-47k let alone a 2013
hey look 2013 550i xdrive
$32.9k
http://www.cars.com/go/search/detail...nal&listType=1
and it's probably much more expensive than equus you found.
$32.9k
http://www.cars.com/go/search/detail...nal&listType=1
and it's probably much more expensive than equus you found.
Lead Lap
Joined: Nov 2013
Posts: 477
Likes: 0
From: il
2012 e350 4matic 68k miles on it
27k
http://www.cars.com/go/search/detail...nal&listType=1
hell i think e350 4matic are probably 70k
27k
http://www.cars.com/go/search/detail...nal&listType=1
hell i think e350 4matic are probably 70k
Lead Lap
Joined: Nov 2013
Posts: 477
Likes: 0
From: il
look at my post about autotrader average.
anyway, both 8 cylinder 5 or E class are easily more expensive than Equus. and like i said it doesn't matter equus depreciates more than those. gap probably aren't that much.
and both 2012 5 or E 8 cylinder can be easily had for 35k-40k if the mileage is over 60k. that should be a target $. i know this because i know many friends who always look 3 year old v8 for 40k.
bottomline, lexfather make it sound like equus depreciates twice more than germans. that's just not the case.
Last edited by hlee12; Jun 28, 2014 at 08:45 AM.
Lead Lap
Joined: Nov 2013
Posts: 477
Likes: 0
From: il
2012 equus 71 matches
http://www.cars.com/for-sale/searchr...=50&slrTypeId=
highest 48k
lowest 25.7k (the one that he posted)
http://www.cars.com/for-sale/searchr...=50&slrTypeId=
highest 48k
lowest 25.7k (the one that he posted)