Glut of unsold 2014s = bargains

[Rey]

Check out AutoTrader or Cars.com for listings of new 2014 Equus - signature. There are hundreds available.
They are being "offered" at substantial discounts, like less than $50K.
A target price might be $47K before deduction for standard Hyundai discounts.

These Equus have been sitting on dealers' lots since mfg. In my case, it had been sitting since Oct. 2013 when I bought it Dec. 22, 2014. The battery was dead, and the dealer replaced it.

Unfortunately, these discounts will ultimately be reflected in resale valuations.

 

[STREETS]

But if you save thousands on the front end- an keep for many years- resale is mute.

 

[PMCErnie]

But if you save thousands on the front end- an keep for many years- resale is mute.

Moot too.

 

[brfatal]

You're talking about high end Hyundais. What resale value?

 

[radicaltimes]

Hyundai's and resale are a oxymoron

 

[dmitriylm]

Hyundai's and resale are a oxymoron

This isn't really the case. Last time I checked the 10 vehicles with worst resale value, not a single Hyundai was on the list. It listed the Mercedes S Class, Porsche Cayenne, Mercedes CL Class, BMW 760, Nissan Titan, Nissan NV3500 and various GMC/Chevrolet/Ford vans. I don't think anything particularly unusual is happening with Hyundai resale values beyond being fairly average. It's not Lexus/Toyota/Acura/Honda good but few cars are.

 

[brfatal]

This isn't really the case. Last time I checked the 10 vehicles with worst resale value, not a single Hyundai was on the list. It listed the Mercedes S Class, Porsche Cayenne, Mercedes CL Class, BMW 760, Nissan Titan, Nissan NV3500 and various GMC/Chevrolet/Ford vans. I don't think anything particularly unusual is happening with Hyundai resale values beyond being fairly average. It's not Lexus/Toyota/Acura/Honda good but few cars are.

A 3 year old Hyundai Genesis is worth half of it's MSRP. That's a huge hit.

 

[ComputerBudda]

That's what make it a perfect purchase. I love mine.

 

[dmitriylm]

A 3 year old Hyundai Genesis is worth half of it's MSRP. That's a huge hit.

I bought my 2007 BMW 530i in 2010 private sale for $20k with 45k miles. Nothing impressive about its resale value. You're simply looking at a higher end car which will almost always take a huge hit. The only cars that do better are Lexus/Acura but the products are so unattractive that they aren't a reasonable choice (Lexus in particular has hideous styling). Even the brands with the best resale value tend to hold about 40% at 5 years and many are in the low 30%.

 

[FastDEW1]

I am an odd duck. I buy what I like and drive it for a little while and dump them. I can afford to get tired of looking at a dash and then move on to the next. So let me put some reality to the discussion of resale -

I purchased a used 2011 Genesis 4.6 to try it. I paid $22.5k when the car had 21,000 miles. I sold it to Carmax 6 months later with 44,000 miles for $20k. Not too bad.

I bought a used 2014 S550 with 6,000 miles on it. Paid $96k and drove it 6 months. Sold it for $74k with 16,000 miles on it.

The Merc was way worse on deprecation than the Hyundai. Also, the Merc was a POS. I was actually planning to keep the Merc, but when you know your service manager by first name then you know its time to get rid of a car.

I went back to Hyundai and bought a left over 2014 Genesis. Got great deal on the 5.0 R-Spec. I was actually going in for an Equus, but could not resist the pricing of the 5.0 R-Spec.

Both Hyundai's have been much better in terms of reliability than the Merc or my previous BMW or previous Ford.

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[calmone]

I am an odd duck. I buy what I like and drive it for a little while and dump them. I can afford to get tired of looking at a dash and then move on to the next. So let me put some reality to the discussion of resale -

I purchased a used 2011 Genesis 4.6 to try it. I paid $22.5k when the car had 21,000 miles. I sold it to Carmax 6 months later with 44,000 miles for $20k. Not too bad.

I bought a used 2014 S550 with 6,000 miles on it. Paid $96k and drove it 6 months. Sold it for $74k with 16,000 miles on it.

The Merc was way worse on deprecation than the Hyundai. Also, the Merc was a POS. I was actually planning to keep the Merc, but when you know your service manager by first name then you know its time to get rid of a car.

I went back to Hyundai and bought a left over 2014 Genesis. Got great deal on the 5.0 R-Spec. I was actually going in for an Equus, but could not resist the pricing of the 5.0 R-Spec.

Both Hyundai's have been much better in terms of reliability than the Merc or my previous BMW or previous Ford.

based upon your s550 experience i hope you don't trade in the market or flip houses for a living!

 

[FastDEW1]

LOL. No, I am just bad on cars. I should actually just rent them!

 

[SNSN]

Has anyone seen any of the lease prices that are being offers?