Drove the '15, keeping the '10

[dg_moore]

On a whim I test drove a 2015 3.8 today. A beautiful car with refined ride, great styling inside and out, more features than I'll ever use, amazing power, smooth 8-speed transmission and none of the annoying throttle lag of the 09-14 models.

On the other hand, I was astounded at the paltry trade-in offered on my like-new 2010 with less than 35K miles. I decided that, even though the '15 has lots of great new bells and whistles, I still love my 2010, which, since I only drive about 3000 miles per year, may well last me the rest of my life. Since I have no complaints about my 2010, I decided not to raid my piggy bank for the 2015. I may need that money later for more important things than a car.

 

[DubaiRich]

I agree with you DG. I tested the 3.8 base model, was not overcome with emotion. When I saw their offer for my under 40k 2010, I quickly decided not to go any further on a deal. The more I drive my 2010, the more I enjoy not having a car payment.

 

[bmbutler]

Both are also two very good reasons not to buy a Hyundai.

 

[videopho]

Both are also two very good reasons not to buy a Hyundai.

Your comment seems to imply Hyundai making bad cars.
I'd concur if it had said "Two very good reasons not to buy a 2015 Genesis"

 

[Mark_888]

Your comment seems to imply Hyundai making bad cars.
I'd concur if it had said "Two very good reasons not to buy a 2015 Genesis"

Unfortunately, it doesn't always matter whether Hyundai actually makes good or bad cars, it only matters what the marketplace thinks about them as translated into a resale value.

 

[YEH]

Both are also two very good reasons not to buy a Hyundai.

Unfortunately, it doesn't always matter whether Hyundai actually makes good or bad cars, it only matters what the marketplace thinks about them as translated into a resale value.

ALG has the 2014 Accent, Elantra, Sonata, Azera, Santa Fe Sport and Santa Fe all in the top 3 for their respective segments.

https://www.alg.com/residual-value-awards/


The resale value on the Genesis is going to lower b/c Hyundai is trying to break into the luxury segment and b/c ATP have been well below MSRPs (people who have purchased the Genesis at invoice or below have contributed to the lower resale value).

 

[showbo]

Agreed on the value/worth. I know they are different cars, but I was looking at a Subaru STi, and a Genesis. Both used, Genesis was almost 13k from sticker. STi, like 2k from sticker and had more miles. Crazy.

 

[YEH]

^ The resale value on the 3.8 Genesis coupe is pretty strong.

Lower supply and fairly strong demand (along with less discounting at original purchase) has kept the resale on the 3.8 coupe higher (tho, it varies depending on the region of the country).

 

[deise17311]

On a whim I test drove a 2015 3.8 today. A beautiful car with refined ride, great styling inside and out, more features than I'll ever use, amazing power, smooth 8-speed transmission and none of the annoying throttle lag of the 09-14 models.

On the other hand, I was astounded at the paltry trade-in offered on my like-new 2010 with less than 35K miles. I decided that, even though the '15 has lots of great new bells and whistles, I still love my 2010, which, since I only drive about 3000 miles per year, may well last me the rest of my life. Since I have no complaints about my 2010, I decided not to raid my piggy bank for the 2015. I may need that money later for more important things than a car.

What did they offer you?

 

[wlk12]

Have not dealt with any Hyundai dealers, but car dealers in general really low ball their offers for buying trade-ins. They feel some buyers will just take the low offer because they're there and don't want to be bothered with a private sale. I think it works for them quite often.

Did you guys try Carmax and/or a private sale?

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[Ernie3647]

In my case it was also a safety issue. Although I loved my 2011 my wife and I were beginning to notice certain vulnerabilities in our driving habits. Attributed obviously to our age. I found myself repeatedly making bad decisions moving over lanes. Of course I should say it is partly due to over aggressive drivers since patience these days is at a premium. Another area of concern was backing out of a crowed parking lot. Don’t understand the mentality of people wanting to drive so fast in a crowed parking lot. So we talked about our concerns and decided what ever assistance we get in these areas was worth it. We weren’t planning on getting another car because like a lot of people we keep out cars for 8 to 10 year stretches. When the features for the new Genesis came out it certainly looked like it merited further inspection. The fact that it does all these other things well made it more appealing. I always take good care of our cars that’s why they last as long as they do. Like I said we liked our 2011 very much so for me it was a little reluctantly that we made the decision to at least test drive the new car. Once we drove the car tried the added safety features and noticed how it handled and rode it was just a question of how much were we going to get for our car. We tried our local dealer first which we bought the 2011 at. After considerable negotiations we arrived at price for the new car. Then they offered us an insulting $17,500 for the trade in. We walked out. We finally had to travel to a dealer 60 miles away who gave us the same deal on the new car and $21,000 (30,000 miles) for the trade in. Still not what we thought the car was worth but justification enough for driving 60 miles. Bottom line the new car is what we expected and the new safety features are implemented well and work great. Of course the automatic emergency braking is a nice touch. So I’m good for a while.

 

[dg_moore]

What did they offer you?

$18,600, about the same as Edmunds estimate. Edmunds adds $2,000 for a private sale, and sets dealer retail at $24,500. The difference between my trade and the sale price is nearly $30K - but if I did the deal I would not be anywhere near $30K happier than I am now.

 

[Advocate225]

I agree with you DG. I tested the 3.8 base model, was not overcome with emotion. When I saw their offer for my under 40k 2010, I quickly decided not to go any further on a deal. The more I drive my 2010, the more I enjoy not having a car payment.

Exactly the sentiment I have for my 2009 Black on Black Genesis with less than 24,000 miles. Looks as good as the day I first purchased her.

 

[Mark_888]

ALG has the 2014 Accent, Elantra, Sonata, Azera, Santa Fe Sport and Santa Fe all in the top 3 for their respective segments.

https://www.alg.com/residual-value-awards/.

Those are bogus awards of 2014 models, not actual resale values of older vehicles.

 

[drpearso]

On a whim I test drove a 2015 3.8 today. A beautiful car with refined ride, great styling inside and out, more features than I'll ever use, amazing power, smooth 8-speed transmission and none of the annoying throttle lag of the 09-14 models.

On the other hand, I was astounded at the paltry trade-in offered on my like-new 2010 with less than 35K miles. I decided that, even though the '15 has lots of great new bells and whistles, I still love my 2010, which, since I only drive about 3000 miles per year, may well last me the rest of my life. Since I have no complaints about my 2010, I decided not to raid my piggy bank for the 2015. I may need that money later for more important things than a car.

What did you think about the weight difference between your Genesis and the 2015 Genesis (when you test drove the 20150. If you still are interested in the 2015, you might just look online and see what your model would be worth if you sold it to Carmax.

I'm in a position where i need the 2015 seat for health reasons, so will have to bite the bullet. I have a garage kept 2013 8,000 mile Rspec. Your trade offer of $21k for 2011 30,000 mile with 3.8 V6 is not really bad. I assume my trade for a 8,000 mile 11 month old 2013 Rspec will be in the $30k's range. If I did not have the 5.0, I 'd trade my wives 2006 Sonata and give her the Rspec. But having 2 420hp cars in one family is to much.

The problem with most of the folks on this board is that they take great care of their Genesis, and they will be a really great buy for someone who wants one. Regards, and thanks for the information.

 

[scottdk]

The problem with most of the folks on this board is that they take great care of their Genesis, and they will be a really great buy for someone who wants one.

OMG, perfectly said!

 

[DubaiRich]

My Hyundai dealer offered $15k for my 2010 4.6 with 39k. The private sale price is $22k give or take a couple hundred.

 

[YEH]

Those are bogus awards of 2014 models, not actual resale values of older vehicles.

That's based on ALG's predictions which is what they do and what the auto industry relies upon to set lease rates.

 

[dg_moore]

What did you think about the weight difference between your Genesis and the 2015 Genesis (when you test drove the 20150. If you still are interested in the 2015, you might just look online and see what your model would be worth if you sold it to Carmax.

I'm in a position where i need the 2015 seat for health reasons, so will have to bite the bullet. I have a garage kept 2013 8,000 mile Rspec. Your trade offer of $21k for 2011 30,000 mile with 3.8 V6 is not really bad. I assume my trade for a 8,000 mile 11 month old 2013 Rspec will be in the $30k's range. If I did not have the 5.0, I 'd trade my wives 2006 Sonata and give her the Rspec. But having 2 420hp cars in one family is to much.

The problem with most of the folks on this board is that they take great care of their Genesis, and they will be a really great buy for someone who wants one. Regards, and thanks for the information.

I took a very short drive down the highway and didn't really notice the weight one way or the other. The '15 has more torque than my '10, and the 8-speed transmission is a lot smoother.

The trade figure they gave me was $18,600, not $21K. Not a huge difference, but even at 21K I would not have been interested.

 

[7i bigblock]

The best thing is to sell your own car. I know it seems like a real pain--- but it works. Especially if you have a really nice car---kept it up well. Here in Florida I notice the dealers offer about 1/2 the retail value for trades---really bad. I would think a nice Genesis would sell well. Ive sold many cars on my own, never had a problem. Thanks 7i bigblock