'15 3.8 AWD ultimate with 30k miles, CPO. What would be an excellent price for it?

[geetee]

Local dealer has a '15 Genesis 3.8 AWD with ultimate pkg, 30k miles, clean title & CPO. Listed for $38.3k.

It seems like this car brand new can be had for $47k ish after all the rebates and discounts..

 

[ksoze]

It seems like this car brand new can be had for $47k ish after all the rebates and discounts..

$47K ish BEFORE rebates is more accurate.

 

[geetee]

didn't check out the pricing thread.. sorry i haven't been here for a while. anyway, it seems you guys here scored some SICK deals. wow.

based on what everyone is paying on NEW '15s, this used ultimate with 30k miles only is worth $34-35k tops...... damn

 

[RN2X]

Remind the dealer that his used 2015 is going to be hard to sell as soon as the 2016s hit the lot.

 

[geetee]

Checked out the car. 3.8 AWD is a lot slower than RWD from stop lights.

Was gonna buy it at 35k, but daeler wont budge from $36.5k.

 

[BrazGenesis]

Checked out the car. 3.8 AWD is a lot slower than RWD from stop lights.

Was gonna buy it at 35k, but daeler wont budge from $36.5k.

30K miles is not high mileage. But does a lot of difference in the price.

A new car at .5% APR is very attractive even to cash buyers.

And at this moment you can get good discounts AND finance at that rate.

Also, I can't comment on the importance of Ultimate Vs Base / Signature as this is very personal.

But the $$ difference is big.

You can have a Signature for 37.5K easily.

So, the question becomes: Brand new Signature Vs 30K Ultimate.

Decisions, decisions...

 

[ksoze]

30K miles is not high mileage.

On a car likely a year or less old, it is.

 

[BrazGenesis]

On a car likely a year or less old, it is.

That is precisely my point. 30K for a Genesis is far from "a life". But does affect the price in a relevant way.

An interesting test would be a search for used 2015s in truecar.
Then sorting by mileage and feeling the differences.
Of course those prices are not final, but this is a difference discussion.

 

[jarred52]

Any car with 30,000 miles on it is far from new; it's 2 best years are gone regardless of its model year.

 

[rickkapur]

Any car with 30,000 miles on it is far from new; it's 2 best years are gone regardless of its model year.

Agree

I would suggest depreciate it by 40%...as a target...(30% for the year; and 10% for mileage. Target comes to about $32K. Just my 2 cents...

or keep looking...

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[geetee]

Agree

I would suggest depreciate it by 40%...as a target...(30% for the year; and 10% for mileage. Target comes to about $32K. Just my 2 cents...

or keep looking...

$52.5k MSRP.. down to $32k in 1 year and 30k miles. LOL these hyudndais depreciate like $#@#

 

[greekgeek]

demo v8 ultimates are like $39k with 6k miles, find a nice demo v6 I am certain they are out there

 

[craigt]

$52.5k MSRP.. down to $32k in 1 year and 30k miles. LOL these hyudndais depreciate like $#@#

The thing is, no one pays sticker for these.

Mine had an MSRP around $45k. Bought it for a little under $34k (new, only 12 miles).

Fantastic value.

 

[BrazGenesis]

The thing is, no one pays sticker for these.

Mine had an MSRP around $45k. Bought it for a little under $34k (new, only 12 miles).

Fantastic value.

Yes, and if you finance/lease APR is .5.

If you lease the residual is inflated ( 56% of FULL MSRP) - another discount.

And the car is great!