G70 US Availability?

[EdP]

More importantly, the consumer ends up in a bad situation. Large scale, it could be similar to the housing market burst back in what, 2007/2008? Probably explains why I see tons of mid 40 year olds driving around $65k Tahoe's, Land Rovers, Audi's, BMW's, Escalades (closer to $100k), etc. If the wife is driving that, do you really think the husband is in a $20k commuter? Rough math would be $2000+ in payments, insurance, fuel, and preventative maintenance. Unless everyone around me makes $250k a year. I don't buy it. Property taxes are some of the highest in the country (Chicago suburbs).

I know that couple. The wife complains that she has to work to make ends meet while making plans to take the kids to Disney World

Leasing does make sense for some people but it does not free you from overall fiscal responsibility I did lease a car once and ended up keeping it for 15 years and traded it for my first Hyundai Sonata. I traded it because it was easier to drive to the dealer to pick up the new car instead of calling the junk yard to take it away. It was ny wife's at the time..

 

[Electrode]

Leasing looks good at first, but every time I add up the fees and payments, it's a tremendous amount of money for just 3 years of ownership. I'd rather buy and average the costs into a longer time period than that.

 

[50jae]

Leasing looks good at first, but every time I add up the fees and payments, it's a tremendous amount of money for just 3 years of ownership. I'd rather buy and average the costs into a longer time period than that.

I think that the G70 is better to be leased than bought due to the likely horrible depreciation facing all luxury cars, and I am not sure how reliable this thing will be long term. This is assuming their lease rates are comparable to the the germans given that they are aiming to be a luxury brand, otherwise they'll never be able to compete and the G70 will just become another stinger with massive discounts to boost sales. Lastly I think EVs will become mainstream within the next 5 years to make ICE obsolete.

Build in the complimentary 3 year maintenance and it makes the overall costs of leasing the G70 a better financial proposition. Holding onto a luxury car for long term is not the wisest financial decision. Sonatas/accord/camrys, that's a different story

 

[danygenesis]

I think that the G70 is better to be leased than bought due to the likely horrible depreciation facing all luxury cars, and I am not sure how reliable this thing will be long term. This is assuming their lease rates are comparable to the the germans given that they are aiming to be a luxury brand, otherwise they'll never be able to compete and the G70 will just become another stinger with massive discounts to boost sales. Lastly I think EVs will become mainstream within the next 5 years to make ICE obsolete.

Build in the complimentary 3 year maintenance and it makes the overall costs of leasing the G70 a better financial proposition. Holding onto a luxury car for long term is not the wisest financial decision. Sonatas/accord/camrys, that's a different story

Agree with you 100 percent. G70 is a new car, reliability is not proved, depreciation in a luxury car like this is always huge, free maintenance is just 3 years and after that when things can go wrong everything is on your own. Spare parts are rare and expensive from a serpentine belt to a bumper. IMHO when you plan to buy a car, Hondas, Toyotas, etc are very difficult to beat.

 

[Beefer]

Agree with you 100 percent. G70 is a new car, reliability is not proved, depreciation in a luxury car like this is always huge, free maintenance is just 3 years and after that when thing can go wrong everything is on your own. Spare parts are rare and expensive from a serpentine belt to a bumper. IMHO when you plan to buy a car, Hondas, Toyotas, etc are very difficult to beat.

I also agree 100%.

To add...some of us have very low miles. I do about 4K miles per year. Ownership and taking that massive depreciation hit is brutal.

I would rather pay for what I use.

I would never keep it past the warranty period.

 

[Tonester]

To add...some of us have very low miles. I do about 4K miles per year. Ownership and taking that massive depreciation hit is brutal.
I would rather pay for what I use.

I've always been a "buy with cash (or loan as needed)" kind of guy. I've never considered a lease because I also drive low miles per year (around 6K to 8K; work from home) and tend to keep my cars 7-10 years. I've thought that a typical lease was designed to be optimal for drivers around 10-15K miles per year. In addition to that, I've felt that leases were invented by dealerships wanting to upsell and obfuscate the underlying numbers to show the appearance of a good deal for me (but really a better deal for them). I've felt that the only way to get a fair shake with leases is to study up on the complicated numbers and become as smart as they are, then we'd be on even ground for negotiating. BUT, I've never taken the time to do this.

I'd be open to hearing arguments as to why a lease might be better specifically for the new G70 considering the likely depreciation and my low mileage use. It sure would be nice to consider a different car in 3 years if it made financial sense. Treading lightly in this thread because I was one of the ones wanting lease talk to be in a separate thread! My wish was granted, but here I am now... Ready to move over to that thread if this leads to money factors and such...

 

[Beefer]

I've always been a "buy with cash (or loan as needed)" kind of guy. I've never considered a lease because I also drive low miles per year (around 6K to 8K; work from home) and tend to keep my cars 7-10 years. I've thought that a typical lease was designed to be optimal for drivers around 10-15K miles per year. In addition to that, I've felt that leases were invented by dealerships wanting to upsell and obfuscate the underlying numbers to show the appearance of a good deal for me (but really a better deal for them). I've felt that the only way to get a fair shake with leases is to study up on the complicated numbers and become as smart as they are, then we'd be on even ground for negotiating. BUT, I've never taken the time to do this.

I'd be open to hearing arguments as to why a lease might be better specifically for the new G70 considering the likely depreciation and my low mileage use. Treading lightly in this thread because I was one of the ones wanting lease talk to be in a separate thread! My wish was granted, but here I am now... Ready to move over to that thread if this leads to money factors and such...

Yeah...let’s move it. I want to learn as well. Although I have leased before...still good to compare numbers. I created a thread a bit ago.

 

[larrymg1]

Not my secret. Feel free to preview the attached information.

This article, one of many, explains the calculation process very well.
Money Factor on a Lease

Here is the actual money factor calculator:
Calculate The Money Factor on a Lease

The money factor on my lease is 0.0002 or 0.5 interest rate.

What Is Dealer Holdback? on Edmunds.com

Hope this helps

Leasing process explained.

 

[Beefer]

Leasing process explained.

Could you be so kind to repost in the lease thread? Or I can...just let me know. And thanks!

 

[larrymg1]

Could you be so kind to repost in the lease thread? Or I can...just let me know. And thanks!

Posted. Also, posted previously in other threads.

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[zergzzzz]

Today is the last day of September, and G70 is not for sale anywhere in the continental US. Since Genesis is a Korean company, all genesis US executives should just resign or line up and apologize to everyone. This is the most ridiculous launch for a vehicle in modern time, HBS should do an article on Genesis, for how not to launch a luxury brand .

 

[Ed Okin]

I understnd that there are problems with the launch, especially as to the various state issues.

What I find increasingly difficult to ignore is Genesis USA’s inconsistency (different execs or PR people with different release estimates or states); their 09/19/18 pricing press release very plainly stating “on sale this week” and their inane Twitter replies, such as: “We’re ready as well” and “It’s coming soon - it will be released this Fall.”

If not for the excellent quality of my Hyundais and the great job done by the Koreans and Germans to build the G70, I’d have moved on by now.

 

[Toddasaurus]

Sort of a change of subject here...

For a while I've been considering getting a Giulia. However, the more I've read on Giulia forums the more I've become less interested in it, due to reliability problems. This article from Jalopnik is the final nail on the Alfa Romeo coffin for me.

https://jalopnik.com/car-and-drivers-first-five-months-with-the-alfa-romeo-g-1829310868

 

[Beefer]

I understnd that there are problems with the launch, especially as to the various state issues.

What I find increasingly difficult to ignore is Genesis USA’s inconsistency (different execs or PR people with different release estimates or states); their 09/19/18 pricing press release very plainly stating “on sale this week” and their inane Twitter replies, such as: “We’re ready as well” and “It’s coming soon - it will be released this Fall.”

If not for the excellent quality of my Hyundais and the great job done by the Koreans and Germans to build the G70, I’d have moved on by now.

Nothing German in the G70. Some designers/execs have German blood...but why would that count.

The car is S.Korean.

 

[g_170993]

I understnd that there are problems with the launch, especially as to the various state issues.

What I find increasingly difficult to ignore is Genesis USA’s inconsistency (different execs or PR people with different release estimates or states); their 09/19/18 pricing press release very plainly stating “on sale this week” and their inane Twitter replies, such as: “We’re ready as well” and “It’s coming soon - it will be released this Fall.”

If not for the excellent quality of my Hyundais and the great job done by the Koreans and Germans to build the G70, I’d have moved on by now.

This is unfortunately where I am. I love everything about the car but my current car is two sheets to the wind and not worth repairing. I can't hang out waiting for genesis to get there stuff together. Maybe their next car. It's hard to see them as a luxury brand when they are so disorganized.

 

[jlin101]

Nothing German in the G70. Some designers/execs have German blood...but why would that count.

The car is S.Korean.

It's not a matter of what blood flows in their veins, but what expertise/experience they have and how much freedom/reign they are given to design and tune the cars. It's a shortcut to "heritage."

 

[AWD]

Those 17 cars at the same dealer popped up Friday night, they do not appear on dealer's site so likely "in transit"

https://www.cars.com/shopping/genesis-g70-2019/

 

[larrymg1]

Those 17 cars at the same dealer popped up Friday night, they do not appear on dealer's site so likely "in transit"

https://www.cars.com/shopping/genesis-g70-2019/

Interesting that no matter what search criteria, zip code, I enter with the parameter of "all miles" it comes up with only that dealership. I tried multiple locations, SC, VA, Il, CA.

 

[speedee]

I don't remember how far back it was but someone was asking for alternatives to the G70. I just discovered the A5 has 4 doors starting 2018 and looks pretty nice. Another option if you are tired of waiting.

 

[Ed Okin]

Interesting that no matter what search criteria, zip code, I enter with the parameter of "all miles" it comes up with only that dealership. I tried multiple locations, SC, VA, Il, CA.

That any dealership anywhere actually has real G70 cars listed on a website is one very small bit of progress.

A couple of observations: 1) All the 3.3T are all listed as Sport. 2) The green, which would have to be the special edidtion is listed as a Sport, not Dynamic.