Post purchase price details here (US $ only)

[honorable flea]

2020 G70 3.3T AWD Elite
MSRP 49300
bought at 47091 (+tax/tags)
financed, not leased
Didn't qualify for any of the current incentives (conquest/military/etc)
Pics coming soon, but she's a looker. Mallorca blue with the brown interior.

 

[Scrface]

Maple Hill in Michigan has $10k off their 2019 G70s. Crazy.

Inventory | Maple Hill Auto

This is what I expected but hadn't seen since the 2020's dropped. Hopefully most start dropping around that. I'd rather pay 10k less for a 19...like you said not much different

 

[TurtleBoy]

2020 G70 3.3T AWD Elite
MSRP 49300
bought at 47091 (+tax/tags)
financed, not leased
Didn't qualify for any of the current incentives (conquest/military/etc)
Pics coming soon, but she's a looker. Mallorca blue with the brown interior.

Congratulations. Good luck, enjoy and be safe.

 

[pulsar]

Stoked, my 2020 G70 3.3 sport MB just came in. Test drove it earlier today. Really loved the SS color but no joy for 2020 choices so MB was my next choice. Dealer has to prep the car still for they just removed all the plastic this morning. Car was built Sept 2019 and has 16 miles on it. Did a balloon 30 day lease to avoid any extra tax BS or having to re-title at a later date with more state title fees.
$51,245 sticker
Circle A, lease incentives ($2750) and competitor owner discount ($1000) totaled $7872 discount.
$43529.65 price included vehicle inventory tax less TTL and doc fees. For a 2020 can’t complain on price.
Hoping to take delivery in the next day or so.
R_spec is the man for helping this deal work. We are very fortunate to have him on this forum.

 

[TurtleBoy]

Stoked, my 2020 G70 3.3 sport MB just came in. Test drove it earlier today. Really loved the SS color but no joy for 2020 choices so MB was my next choice. Dealer has to prep the car still for they just removed all the plastic this morning. Car was built Sept 2019 and has 16 miles on it. Did a balloon 30 day lease to avoid any extra tax BS or having to re-title at a later date with more state title fees.
$51,245 sticker
Circle A, lease incentives ($2750) and competitor owner discount ($1000) totaled $7872 discount.
$43529.65 price included vehicle inventory tax less TTL and doc fees. For a 2020 can’t complain on price.
Hoping to take delivery in the next day or so.
R_spec is the man for helping this deal work. We are very fortunate to have him on this forum.

Congratulations, glad you were finally able to get yours. You may not be able to do anything now but for future reference, tell the dealer to remove the vehicle inventory tax. That is not a tax the purchaser has to pay, it is a tax on inventory that the dealer pays (see definition from the Texas Motor Vehicle Dealer Manual)

Good luck, enjoy and be safe.

.

 

[pulsar]

Congratulations, glad you were finally able to get yours. You may not be able to do anything now but for future reference, tell the dealer to remove the vehicle inventory tax. That is not a tax the purchaser has to pay, it is a tax on inventory that the dealer pays (see definition from the Texas Motor Vehicle Dealer Manual)

Good luck, enjoy and be safe.

View attachment 25198.

You are correct on the VIT in Texas. I have argued that before and did this time too that the dealer is responsible for that tax not the consumer, I always lose. Dealer says they pass the VIT to the purchaser. Dealers seem to band together on this freaken tax. It was $127 or thereabouts so only worth a minor argument. Happy to get $7k+ off MSRP on a 2020. Circle A and lease incentive discounts I was good with so conceded on the BS doc fee and VIT fee. So nice to not have to dick around on overall pricing and the back and forth crap. Dallas Genesis made everything painless. When I bought my wife’s CX9 Mazda, although I had S plan pricing it was a 3+ hour ordeal. The G70 I test drove and we went thru all pricing and figures in under two hours. No complaints with anything. The holdup for the moment is the car was so new to dealers lot it was not yet in Circle A price listing. Dealer is double checking with Hyundai, but we have valid pricing all nailed down so should be good.

 

[EdP]

Congratulations, glad you were finally able to get yours. You may not be able to do anything now but for future reference, tell the dealer to remove the vehicle inventory tax. That is not a tax the purchaser has to pay, it is a tax on inventory that the dealer pays (see definition from the Texas Motor Vehicle Dealer Manual)

Good luck, enjoy and be safe.

View attachment 25198.

Deceptive propaganda. Businesses do not pay taxes. Sure, they may write the check but it is the money from the customer that is sent.

Town meeting.
Mayor says we have to raise taxes. Crown boos
Mayor says, it will be on business, not homeowners. Crowd cheers
A few days later a loaf of bread is 25 cents more, etc.

 

[Mcc]

Deceptive propaganda. Businesses do not pay taxes. Sure, they may write the check but it is the money from the customer that is sent.

With that logic you could say businesses don’t pay anything, they don’t pay rent, they don’t pay salaries, they don’t even buy your trade in, etc It’s all from the money from the customers, no?

 

[EdP]

With that logic you could say businesses don’t pay anything, they don’t pay rent, they don’t pay salaries, they don’t even buy your trade in, etc It’s all from the money from the customers, no?

In the end, that is where the money comes from. They are a middleman, though in the case of manufacturing and mining they do produce something. Bring in more than you spend and it goes to the owners/stockholders.
My point is, the general public thinks they are off the hook because it is a business, not a personal tax.
The owner of the car dealership is not going to change from fine wine to cheap beer to cover a new tax, he is going to raise prices.

 

[Mcc]

In the end, that is where the money comes from. They are a middleman, though in the case of manufacturing and mining they do produce something. Bring in more than you spend and it goes to the owners/stockholders.
My point is, the general public thinks they are off the hook because it is a business, not a personal tax.
The owner of the car dealership is not going to change from fine wine to cheap beer to cover a new tax, he is going to raise prices.

Ok I can agree with that. My point was it’s not just for a tax increase, it’s anything that costs a business more.

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[EdP]

Ok I can agree with that. My point was it’s not just for a tax increase, it’s anything that costs a business more.

Correct. Only difference, the owner can negotiate rent and salaries but usually has little control over taxes.

 

[farandaway]

Hi, has anyone had any luck in getting Circle A pricing + current cash incentives at a California dealership? I've reached out to a few and they are all saying it's one vs the other.

Also, how does the lease work with the Circle pricing - on the Circle website it just shows me the purchase price, and not the lease payment details.

Thanks!

 

[pulsar]

Hi, has anyone had any luck in getting Circle A pricing + current cash incentives at a California dealership? I've reached out to a few and they are all saying it's one vs the other.

Also, how does the lease work with the Circle pricing - on the Circle website it just shows me the purchase price, and not the lease payment details.

Thanks!

Can’t speak specifically for CA, but would think the rules would not be different dealer to dealer. In Texas I used circle A, plus competitor discount plus lease cash for a 2020 3.3. Dealer at first said I could not stack discounts and based on what folks have said here I called their bluff. They relented and gave me everything I wanted. My car was on my dealers lot for 3 days before being sold so it never got into the dealer floor-plan with Genesis at all.

 

[farandaway]

Thanks, I guess I'll keep pushing for both discounts.

Also do I need to do anything special on the Circle A website for the lease pricing, or do I just take the purchase price certificate and use that for the lease as well? (Is there anything different I need to do on Circle A for lease vs purchase)?

 

[pulsar]

Thanks, I guess I'll keep pushing for both discounts.

Also do I need to do anything special on the Circle A website for the lease pricing, or do I just take the purchase price certificate and use that for the lease as well? (Is there anything different I need to do on Circle A for lease vs purchase)?

I just took the circle A cert plus PIN number to arrive at vehicle pricing. Then decide if you want to get a loan, pay cash or lease. My lease is a full 36 month, but has a balloon payment at 30 days to pay it out right. That got me the $2750 lease cash discount. I had planned to pay cash anyway but did not want to forgo access to the lease cash. Don’t really have to worry about MF or residuals with a balloon payment. I’ll just pay interest at 2.59% for 30 days and be done and out.

 

[tarhoosier]

There is a PIN on the Circle certificate. If accepted and applied by the dealer (he should do so) he enters the PIN using his dealer connection to Genesis/Hyundai online site and determines if the information matches: buyer, list price, VIN of car and so on. The paper itself is redundant. Once all matches are confirmed deal may proceed. That is how it worked for me. No difference purchase-lease.
My salesman admitted he had never seen a Circle A but the sales manager who approves all deals knew what to do.

 

[Mcc]

My lease is a full 36 month, but has a balloon payment at 30 days to pay it out right.

Just curious, couldn’t you just pay it outright at any point in the lease? What was the advantage of singling out 30 days?

 

[pulsar]

Just curious, couldn’t you just pay it outright at any point in the lease? What was the advantage of singling out 30 days?

I can pay at anytime yes, but the car supposedly won’t be titled in the finance companys name like a normal lease is vs when you do a balloon payment. That and I don’t have to worry about double dip on sales tax if I leased for 36 months and then bought outright. Some states charge all tax up front and then if you buy at residual value and go to re-title, you can get saddled with tax again at your tax office. I’m a keep it simple person and did not want to mess with any of the aforementioned. Some here have gotten super low MF rates and if you know the sales tax rules on leases and are comfortable with such, have elected to stick with a full lease. If you have money in bank and a decent investment you may come out ahead on a lease by holding your money. Just do what your comfortable with.

 

[Mcc]

I can pay at anytime yes, but the car supposedly won’t be titled in the finance companys name like a normal lease is vs when you do a balloon payment. That and I don’t have to worry about double dip on sales tax if I leased for 36 months and then bought outright. Some states charge all tax up front and then if you buy at residual value and go to re-title, you can get saddled with tax again at your tax office. I’m a keep it simple person and did not want to mess with any of the aforementioned. Some here have gotten super low MF rates and if you know the sales tax rules on leases and are comfortable with such, have elected to stick with a full lease. If you have money in bank and a decent investment you may come out ahead on a lease by holding your money. Just do what your comfortable with.

Thanks. I don’t think any of this relates to California but good going in Texas.

 

[OMG70]

Hi, has anyone had any luck in getting Circle A pricing + current cash incentives at a California dealership? I've reached out to a few and they are all saying it's one vs the other.

Also, how does the lease work with the Circle pricing - on the Circle website it just shows me the purchase price, and not the lease payment details.

Thanks!

What part of California are you in? My deal was on a 2019 but very close to when the car was released. A few dealers said they wouldn't take Circle A, but I didn't encounter anyone saying no to the incentives discounts on top of Circle A. I think the trick is walking in and stating, not asking, that the price you'll walk out with is Circle A price less incentives. I found that I had the upper hand in discussions by asserting that I knew how the program works, especially when the dealer didn't exactly know the finer points themselves.