G70 US Availability?

[devellis]

I guess you could say I'm an old school driver and a huge driver enthusiast (autocross, back roads, would love to track some day, go karting). While I'm only 30 years old, I believe that ultimately, these active safety features do indeed help overall, but at the same time, I feel that they detract from their original intention. I'm not pointing any fingers, but I really feel to the average driver who is just commuting from point A to point B and is not attentive is largely the reason for these active features in the first place. Why does TPMS exist? Because the large majority of car owners don't check their tire pressures until they have a flat or worse, a catastrophic blow out due to being low. Same thing with steering and emergency braking. A lot of those same type of drivers will then feel "blanketed" that they're protected from everything, and I hope I'm wrong, but I've already seen YouTube videos of people taking automatic steering too far and that it could promote more texting while driving.

I live in an area where I see both men and women with their phones in their hand on speakerphone wrapped up in conversation, in vehicles with Bluetooth. I've seen women doing makeup in their cars sitting at lights and then me missing the light BECAUSE they are doing everything but driving. I may sound pessimistic, but I've always told people I'm a realist. Were drivers like this back in the 70's and 80's (and earlier) before any technology minus seat belts? It makes me wonder. Just like "smart phones" have made things much easier, but I'll still have people ask me where something is, etc. I don't know, use Google Maps!

I'm all for active safety features (huge fan of ACC), but I still feel some of these features are promoting being more inattentive in the first place.

/rant

There is some evidence that as people adapt to the safety benefits that advanced systems provide, they offset the benefit by taking compensatory risks. So, since the advent of ABS, people brake later, for example.

Ultimately the problem is, and always has been, people being overly complacent or inattentive while driving. I sometimes think that people forget that driving is a way of transporting oneself over some distance and not a social occasion, mobile office, or living room. I've seen people painting their toenails, foot up on dash, while driving. Use of electric shavers is commonplace, as are eye make-up or lipstick touch-ups. People seem to think they're invisible when they're in their cars, as the frequent nose-picking suggests.

All the safety features do help, I think. but they probably help less in the case of the people who actually need them the most. In the beginning, these systems probably do reduce accidents. But as people acclimate to the added safety, their behavior seems to become less safe. They rely more on the cars than on themselves and eventually wind up at or near the point where they started with regard to overall safety.

Fortunately, in many situations, it takes two inattentive drivers to cause a mishap. If one messes up, the driver of the other car in the setting may be able to take some sort of evasive action to avoid an accident. But not always. And it's a shame that the attentive driver has to compensate for the errors of the inattentive one.

Bottom line: pay attention -- and assume that the other drivers aren't.

 

[abbasmafshar]

I did ask them about maintenance and Valet service, they said that it's good at any Genesis dealership across the country. I have also heard that from my local dealerships. I will get it serviced at Genesis of Chantilly...would NEVER go back to Alexandria unless some evil forces forced me there.

So if I am getting serviced from Chantilly, then they would provide the loaners and such. At least that's the way I understand it. When I go get the car, I'm going to have them call Chantilly and make sure that's the dealio. I really do think I'll be able to go to Chantilly.

Also, the purchase is easy. We pay VA taxes and the dealership takes care of that, then we get a temp. tag and immediately go to a Va DMV, wait for hours, and register the car in VA. We also would get a state inspection. NJ said that they sell alot of cars to PA and NC so they are used to out-of-state purchases.

I do not know the schedule of maintenance, I didn't ask them that. When I get there I'll ask more detailed questions.

Thanks for the response. I think the sale and the registration process from an out of state dealer should be alright. But if I were you, I would ask and figure out the maintenance/service/warranty/valet/loaner situation before I actually go ahead and buy the car. If the Chantilly dealer near you does not sell G70. why would you assume they will do valet service/loaner etc ?
my past experiences tell me the seller is always more responsive to your questions/concern before they sell you the item. So if it was me I wouldn't wait until I go all the way to NJ and sign everything and then start asking questions

 

[Brock Samson]

About the insurance... car value doesn't actually have that much impact. For me the difference between a $33k Hyundai Tucson vs $60k Jaguar F-Pace was $83.40 per year. The primary difference is risk.

A G70 is also far more sporty than most cars. It will attract young(ish), higher risk drivers. People don't buy this to drive 30mph safely. It's not about value or repair cost of your car it's the chance you as a driver of this car hit somebody else and injure them. G70 demographics make this much more likely and so the cost is much higher.

 

[Jack Wagon]

One of the primary reasons new cars with all the safety features are NOT saving on insurance is the repair costs. https://jalopnik.com/this-kia-costs-34-000-to-repair-and-its-not-alone-1829136318. That link to that article reports that "the K900 comes with a ton of sensors and cameras all around its front and corners. That means even a minor “left front corner hit” could result in a jaw-dropping $34,000 repair bill. That’s compared to a current industry average of $8,000."
All those advanced features cost big bucks when there is even a small incident. No such thing as just a fender bender on the new cars.

 

[alabaaster]

It will attract young(ish), higher risk drivers. People don't buy this to drive 30mph safely

I guess they missed the mark on me...female, 40's, and every road around me is 35 I do think my impeccable record of NO tickets in the past 10 years may go to hell tho.

 

[Brock Samson]

I guess they missed the mark on me...female, 40's, and every road around me is 35 I do think my impeccable record of NO tickets in the past 10 years may go to hell tho.

You may be a safe driving female in her 40's but most drivers of this car will be a much higher risk, on average, and that means we will all pay more.

 

[Beefer]

You may be a safe driving female in her 40's but most drivers of this car will be a much higher risk, on average, and that means we will all pay more.

And you know this how? I think there are 2 owners in this entire country...and you are whipping out facts on who the owners are?...and what categories they fit into.

Am I missing something?

 

[g60_corrado_91]

I can assure you as someone who worked police patrol in the 80's, there were many inattentive drivers then too. I've seen people doing almost anything but paying attention to the road/conditions around them. But I do agree, it has gotten much worse with our current texting society. The only reason I didn't get into accidents when I had a mobile data terminal in my squad, was people give you a lot of leeway.

There's a lot more traffic than there was back then too, but yeah, it's a scary thought!

 

[JayceM]

And you know this how? I think there are 2 owners in this entire country...and you are whipping out facts on who the owners are?...and what categories they fit into.

Am I missing something?

I think he's saying that's the type of people who are projected to buy it, thus raising the perceived risk by insurance companies which is why the rates are so high.

 

[zergzzzz]

I guess they missed the mark on me...female, 40's, and every road around me is 35 I do think my impeccable record of NO tickets in the past 10 years may go to hell tho.

find the closest piece of wood and knock on it.

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[Beefer]

I think he's saying that's the type of people who are projected to buy it, thus raising the perceived risk by insurance companies which is why the rates are so high.

But where are these projections published or discussed? Other than the folks that designed the car...who else knows what their target is? I'm just saying...let's stick to the facts No need to make stuff up

 

[Drezz]

But where are these projections published or discussed? Other than the folks that designed the car...who else knows what their target is? I'm just saying...let's stick to the facts No need to make stuff up

Beefer, I just think they've seen your driving. ;-P

 

[devellis]

Insurance companies have actuaries who in turn have algorithms that set pricing. A new car's rates are set on the basis of the most relevant experience from other cars and owners for how characteristics the car possesses can be expected to impact claims costs. Things like performance capabilities, safety features, costly technology content, demographics of likely purchasers, costs associated with other vehicles form the same manufacturer, selling price, marketing strategies, and sundry other variables are likely included as predictors in these models. As experience with the specific model accrues, the models are refined. Initially, problems with modeling error are offset by charging rates higher than those the model would indiczte are safe. The models will have associated degrees of uncertainty (error terms). The larger the error terms, the larger the cushion the companies will build into their pricing structure to avoid getting burnt. Of course, another key feature in these models is what their competitors are charging.

This is pretty much how insurance has worked from Day 1, with a higher degree of automation now than in the past. But it's always been grounded in actuarial risk assessment based on the best available knowledge, with a comfortable margin of error favoring the insurance company. As data accrues, the models are revised so that profit margins can be predicted with greater precision and a balance between profit and positioning relative to competitors can be optimized. Fundamental statistical modeling.

The variables aren't unique to a specific car. If they were, there would be a strange Catch 22 where you couldn't buy insurance for a new car because the companies wouldn't know what to charge and the companies wouldn't know what to charge because those new cars weren't generating data for them to base pricing on. The domain of relevant variables is well established and probably differs from company to company but with a great deal of overlap. Variables almost certainly relate to characteristics of the vehicle, its manufacturer, its owner, and its location, among other things. Crash test data and the like play a role as they become available. The insurance companies will always estimate in their own favor, as I said above.


Here's a book on the subject:

Practical Risk Theory for Actuaries

By C.D. Daykin, T. Pentikainen, Martti Pesonen
Edition 1st Edition
First Published 1 December 1993
eBook Published 1 December 1993
Pub. location New York
Imprint Chapman and Hall/CRC
Pages 576 pages
eBook ISBN 9781482289046
Subjects: Mathematics & Statistics


ABOUT THIS BOOK
This classic textbook covers all aspects of risk theory in a practical way. It builds on from the late R.E. Beard's extremely popular book Risk Theory, but features more emphasis on simulation and modeling and on the use of risk theory as a practical tool. Practical Risk Theory is a textbook for practicing and student actuaries on the practical aspects of stochastic modeling of the insurance business. It has its roots in the classical theory of risk but introduces many new elements that are important in managing the insurance business but are usually ignored in the classical theory. The authors avoid overcomplicated mathematics and provide an abundance of diagrams.

 

[EdP]

But where are these projections published or discussed? Other than the folks that designed the car...who else knows what their target is? I'm just saying...let's stick to the facts No need to make stuff up

Who know? I do know the insurance companies employ a lot of actuaries that dream up stuff like that. No different than the existing publications on the cost of repair and likelihood of damage by car model.

 

[TurtleBoy]

Here's a book on the subject:

Practical Risk Theory for Actuaries

By C.D. Daykin, T. Pentikainen, Martti Pesonen

I think I will wait for the movie.

 

[JayceM]

But where are these projections published or discussed? Other than the folks that designed the car...who else knows what their target is? I'm just saying...let's stick to the facts No need to make stuff up

Lol what devellis said. They pay people to do stuff like that and they most certainly don't publish it for everyone to see.

 

[alabaaster]

I do know the insurance companies employ a lot of actuaries that dream up stuff like that

Yes, actuaries do exist. My cousin is one of them!

 

[Steve Nor Cal]

On build dates my 2013 Gen Coupe was built on 7/22/12 and I purchased it 10/12/12.


On insurance rates AAA did not have the Genesis G70 in their system so they asked multiple questions about purchase price etc and came back with $240 more a year than what I am paying. The Gen Coupes are not inexpensive to insure as they are considered a sports car. I suspect the G70 will go up or down once they get more data on them as to accidents and repair costs etc.

 

[Ed Okin]

Just got back from Henderson genesis, the only dealer currently on the west coast. He was getting phone calls the entire time from people in Cali trying to come see the cars. I looked all over the door and couldn’t find a build date but the cars they hand on hand apparently came from an auto show and weren’t ones sitting at port. They have allocations throughout the month and the trim and color I want is coming in soon so I’ll be waiting for his call. They did mention they would be trying to sell for a grand or two above msrp. I told him that I wouldn’t be paying more than msrp and he seemed ok with that...but be wary. Might just be for the first couple cars but def not getting deals right now. Let me know if you have any questions and I’ll try to answer. They only had the 2.0 on hand so I didn’t test drive but did sit down inside and looked that thing all over. Beautiful car

The Red 2.0T and the Mallorca Blue 3.3T were the ones I saw at OC Auto Show this past weekend.

 

[Ed Okin]

Just got back from Henderson genesis, the only dealer currently on the west coast. He was getting phone calls the entire time from people in Cali trying to come see the cars. I looked all over the door and couldn’t find a build date but the cars they hand on hand apparently came from an auto show and weren’t ones sitting at port. They have allocations throughout the month and the trim and color I want is coming in soon so I’ll be waiting for his call. They did mention they would be trying to sell for a grand or two above msrp. I told him that I wouldn’t be paying more than msrp and he seemed ok with that...but be wary. Might just be for the first couple cars but def not getting deals right now. Let me know if you have any questions and I’ll try to answer. They only had the 2.0 on hand so I didn’t test drive but did sit down inside and looked that thing all over. Beautiful car

Maybe I better stop emailing them or I’ll get their special “California price.”

I look at it as the equivalent of “European Delivery” except it’s still in the US.