$11,000/Year to Own a Genesis

[Midnightsun]

According to this. http://www.edmunds.com/hyundai/genesis/2015/cost-to-own/

 

[kn5owa]

In Virginia, you could add another 5% per year of assessed value in personal property taxes.

Otherwise, the numbers look surprisingly OK to me - although I am lucky enough to have no financing charges.

 

[DFWGenny]

First off, the $11K is year one depreciation, so it isn't $11K/year.

It's comparable with a BMW 5 series 6 cylinder: http://www.edmunds.com/bmw/5-series/2015/st-200705194/cost-to-own/

Look at the bottom line 5 year cost.

Genesis 6 cyl: Buy-in - $43,186 TCO - $50,510
BMW 535i: Buy-in - $57,955 TCO - $63,590

 

[Midnightsun]

First off, the $11K is year one depreciation, so it isn't $11K/year.

It's comparable with a BMW 5 series 6 cylinder: http://www.edmunds.com/bmw/5-series/2015/st-200705194/cost-to-own/

Look at the bottom line 5 year cost.

Genesis 6 cyl: Buy-in - $43,186 TCO - $50,510
BMW 535i: Buy-in - $57,955 TCO - $63,590

Whats the differance? Sure the hit is greater the first year but if you take the total cost of ownership after 5 years and divide you get $10,800/year.

Interesting to note the V8 comes to $13,600/year or $68,680 for the 5 year period which is more than the 535i according to your figures.

 

[DFWGenny]

Whats the differance? Sure the hit is greater the first year but if you take the total cost of ownership after 5 years and divide you get $10,800/year.

Interesting to note the V8 comes to $13,600/year or $68,680 for the 5 year period which is more than the 535i according to your figures.

Compare apples to apples; TCO BMW 550i AWD (V8 like your beastie) is $81,922 or $100K CAN

 

[Alwaysforward]

Doesn't matter to me. I love my car

 

[Huddleston]

Doesn't matter to me. I love my car

+1 - and its more reliable than the BMW after 5 years.