2015 Genesis Sedan Thread
Lexus Test Driver
Joined: Jan 2002
Posts: 8,764
Likes: 1
From: Treasury
You can think, but thinking is not fact. In 2012 that car depending on options could often be found on the lot in the $50's, you also cherry picked a 2012 with 68k miles on it.
Post all the one off examples you want, the market averages, which is a pool sampled large enough to provide a mean show your numbers are not accurate.
Lets play the game by your rules 2012 Hyundai Genesis 3.8 - $15,997
http://www.cars.com/go/search/detail...nal&listType=1
Post all the one off examples you want, the market averages, which is a pool sampled large enough to provide a mean show your numbers are not accurate.
Lets play the game by your rules 2012 Hyundai Genesis 3.8 - $15,997
http://www.cars.com/go/search/detail...nal&listType=1
Joined: Feb 2001
Posts: 31,944
Likes: 2,737
From: North Carolina
Hlee12 and Lexfather you have both been booted out of this thread not long ago. If you continue posting here you will be banned from car chat.
https://www.clublexus.com/forums/8557290-post819.html
Also...
https://www.clublexus.com/forums/8267035-post374.html
https://www.clublexus.com/forums/8558062-post841.html
Giving benefit of doubt on these that threads were merged.... Knock off the rejoining accusations as well and need to use that ignore list.
https://www.clublexus.com/forums/8557290-post819.html
Lexfather & HLee12, please exit this thread (removed personal comments/ back & forth).
I'll again encourage you to please use the forums ignore list feature
https://www.clublexus.com/forums/pro...?do=ignorelist
I'll again encourage you to please use the forums ignore list feature
https://www.clublexus.com/forums/pro...?do=ignorelist
https://www.clublexus.com/forums/8267035-post374.html
https://www.clublexus.com/forums/8558062-post841.html
Giving benefit of doubt on these that threads were merged.... Knock off the rejoining accusations as well and need to use that ignore list.
Last edited by DaveGS4; Jun 28, 2014 at 08:52 AM.
Lead Lap
Joined: Mar 2012
Posts: 501
Likes: 4
From: ny
they really nailed down the design. what a good looking car. there's nothing about it that I would change. it's just so well thought out so look so strong.
IMO this looks better than all the lexus line up and as good, if not better than the european competition. they nailed it down tight.
the price is so sweet to. will be very satisfying for the owner to enjoy for many many years to come
IMO this looks better than all the lexus line up and as good, if not better than the european competition. they nailed it down tight.
the price is so sweet to. will be very satisfying for the owner to enjoy for many many years to come
Racer
Joined: Feb 2006
Posts: 1,419
Likes: 52
From: AZ
Rather than look at used car prices which are variable with location and condition, lets look at Cars.Com residual values as a percent of new car price.
Mercedes S550 residuals are 50% after 36 mo and 34% after 60 mo.
Audi A8 is 48%and 30%
BMW 7 is 43% and 28%
Eqqus is 49% and 33%
I could not find a residual for the 2014 LS460, but is should be the highest of these.
Bottom line, Hyundai Eqqus depreciation is in the same ball park as the luxury German brands. Since these numbers are percents, the 3 year old S550 will be worth $50000 and the Eqqus will be at $30000 based on the difference in new car prices.
They did not have data for the new Genesis on the site yet.
Steve
Mercedes S550 residuals are 50% after 36 mo and 34% after 60 mo.
Audi A8 is 48%and 30%
BMW 7 is 43% and 28%
Eqqus is 49% and 33%
I could not find a residual for the 2014 LS460, but is should be the highest of these.
Bottom line, Hyundai Eqqus depreciation is in the same ball park as the luxury German brands. Since these numbers are percents, the 3 year old S550 will be worth $50000 and the Eqqus will be at $30000 based on the difference in new car prices.
They did not have data for the new Genesis on the site yet.
Steve
ClubLexus Stories
Celebrating Lexus & Toyota from Around the Globe
Top 10 Most Confusing Things Lexus Has Ever Done!
Joe Kucinski
2026 Lexus ES Review: Lexus Re-Embraces Founding Principles
Michael S. Palmer
10 Lexus Bargains That are Cheaper Than a New Toyota RAV4
Joe Kucinski
8 Weirdest Things Lexus Has Ever Built
Verdad Gallardo
10 Lexus Designs That Have Aged Like Fine Wine
Verdad Gallardo
8 Tips for Improving Your Hybrid or Plug-in Hybrid's Efficiency!
Michael S. Palmer
10 Best Lexus Models No One Remembers
Joe Kucinski
TRD Off-Road Premium: Best 2026 4Runner, Except This One Thing
Michael S. Palmer
Top 10 Lexus & Toyotas to Drive Before You Die!
Joe Kucinski
Lexus Fanatic
Joined: May 2012
Posts: 68,922
Likes: 4,123
From: Maryland
But what is that trade in value?
Its like one of those real estate things "If we can't sell your house, we'll buy it!" yeah...for 50% of the market value.
Its like their warranty. "America's best warranty"....yeah but its not transferrable to the next owner like every other carmaker's warranty...and its a powertrain warranty...a fact they don't bring much attention to.
These things just add to the perception that the value isn't there..."guaranteed resale values" means the free market won't uphold their value. A non-transferable warranty means they aren't as reliable as one would be led to believe.
Its like one of those real estate things "If we can't sell your house, we'll buy it!" yeah...for 50% of the market value.
Its like their warranty. "America's best warranty"....yeah but its not transferrable to the next owner like every other carmaker's warranty...and its a powertrain warranty...a fact they don't bring much attention to.
These things just add to the perception that the value isn't there..."guaranteed resale values" means the free market won't uphold their value. A non-transferable warranty means they aren't as reliable as one would be led to believe.
Last edited by SW17LS; Jun 30, 2014 at 09:18 AM.
Love the usual posts of Hyundais are worth 50c after 2 years. We all know Toyota/Lexus/Honda/Acura has the best resale but really it's only a few percent better than anything else and Hyundai may be a few points lower as oldcajun's post points out. We can all find individual data points to make whatever pro con case we want but that's a waste of time.
I personally never understood being concerned much about resale when buying a new car... Either you want it or you don't. Resale is years down the road and anything can happen - you might get rich and it's irrelevant
Resale does factor in when leasing though and most luxury cars are leased...
I personally never understood being concerned much about resale when buying a new car... Either you want it or you don't. Resale is years down the road and anything can happen - you might get rich and it's irrelevant
Resale does factor in when leasing though and most luxury cars are leased...
Lexus Fanatic
Joined: Sep 2007
Posts: 22,608
Likes: 105
From: Waiting for next track day
Love the usual posts of Hyundais are worth 50c after 2 years. We all know Toyota/Lexus/Honda/Acura has the best resale but really it's only a few percent better than anything else and Hyundai may be a few points lower as oldcajun's post points out. We can all find individual data points to make whatever pro con case we want but that's a waste of time.
I personally never understood being concerned much about resale when buying a new car... Either you want it or you don't. Resale is years down the road and anything can happen - you might get rich and it's irrelevant
Resale does factor in when leasing though and most luxury cars are leased...
I personally never understood being concerned much about resale when buying a new car... Either you want it or you don't. Resale is years down the road and anything can happen - you might get rich and it's irrelevant
Resale does factor in when leasing though and most luxury cars are leased...
Lexus Fanatic
Joined: May 2012
Posts: 68,922
Likes: 4,123
From: Maryland
FWIW, I am hardly a Hyundai hater. In fact I have been overall VERY complimentary towards Hyundai and what they have done in a short time. Its just that I recognize that there are still some areas where they need to do better if they really want to achieve what they seem to want to achieve.
1. Resale value is quite poor. This will improve with time and reputation. But, the fact remains, that the differences in resale value, at least right now, take back a lot of the savings from the original purchase over something like a Toyota....
2. They continue to make some poor choices, such as not allowing their warranty to be transferred to the second owner. This would help with resale value, and "guaranteeing resale value" just acknowledges you know its a problem.
3. Quality, while MUCH MUCH improved still lacks that little additional level of polish.
4. I think if they want to be serious about Luxury, they need a Luxury division.
But, with that said, I would absolutely buy a Hyundai...
1. Resale value is quite poor. This will improve with time and reputation. But, the fact remains, that the differences in resale value, at least right now, take back a lot of the savings from the original purchase over something like a Toyota....
2. They continue to make some poor choices, such as not allowing their warranty to be transferred to the second owner. This would help with resale value, and "guaranteeing resale value" just acknowledges you know its a problem.
3. Quality, while MUCH MUCH improved still lacks that little additional level of polish.
4. I think if they want to be serious about Luxury, they need a Luxury division.
But, with that said, I would absolutely buy a Hyundai...
Lexus Fanatic
Joined: Jan 2005
Posts: 20,244
Likes: 275
like I have said before, Hyundai haters will be removing their feet from their mouths in the future. These guys are on a roll. Very few companies have gained market share as fast coming from the rep they had . Im impressed with their cars as well as the stuff coming from KIA as well. I still believe I would be more likely to purchase a Korean car than a GM in the future ( although we all now Im a little in love with Lexus )
Hyundai is not upcoming manufacturer anymore, they are same as everyone else and they have to fight for every 0.01% market share increase, just like everyone else.
When it comes to market in US, impressive market share rises dont come from Hyundai anymore...
Lexus Champion
Joined: Oct 2008
Posts: 1,874
Likes: 3
From: Canuckistan
FWIW, I am hardly a Hyundai hater. In fact I have been overall VERY complimentary towards Hyundai and what they have done in a short time. Its just that I recognize that there are still some areas where they need to do better if they really want to achieve what they seem to want to achieve.
1. Resale value is quite poor. This will improve with time and reputation. But, the fact remains, that the differences in resale value, at least right now, take back a lot of the savings from the original purchase over something like a Toyota....
2. They continue to make some poor choices, such as not allowing their warranty to be transferred to the second owner. This would help with resale value, and "guaranteeing resale value" just acknowledges you know its a problem.
3. Quality, while MUCH MUCH improved still lacks that little additional level of polish.
4. I think if they want to be serious about Luxury, they need a Luxury division.
But, with that said, I would absolutely buy a Hyundai...
1. Resale value is quite poor. This will improve with time and reputation. But, the fact remains, that the differences in resale value, at least right now, take back a lot of the savings from the original purchase over something like a Toyota....
2. They continue to make some poor choices, such as not allowing their warranty to be transferred to the second owner. This would help with resale value, and "guaranteeing resale value" just acknowledges you know its a problem.
3. Quality, while MUCH MUCH improved still lacks that little additional level of polish.
4. I think if they want to be serious about Luxury, they need a Luxury division.
But, with that said, I would absolutely buy a Hyundai...