1st generation to 2nd generation

[Shady_panda]

I read a lot over in the "Price Paid" thread, I see a lot of member switch from the 2012 model to 2015 model, just wonder why some folks would take a big hit of depreciation on 2012 model to trade in on a 2015 model.

 

[PMCErnie]

I read a lot over in the "Price Paid" thread, I see a lot of member switch from the 2012 model to 2015 model, just wonder why some folks would take a big hit of depreciation on 2012 model to trade in on a 2015 model.

My guess is that most of these converters are folks who have paid off their three-year loans, or three-year leases. Some folks just need to have a new car every three years. I'm more into the five, or six, year changeover cycle. That way I feel like I am taking less of a depreciation bath.

 

[Shady_panda]

My guess is that most of these converters are folks who have paid off their three-year loans, or three-year leases. Some folks just need to have a new car every three years. I'm more into the five, or six, year changeover cycle. That way I feel like I am taking less of a depreciation bath.

good points, I just couldnt bear a 20k+ depreciation.

 

[lobsenza]

It is probably better to put your vehicle on a used car lot on consignment than trade it it. Even though you lose the tax advantage in many states, most people end up way ahead. Selling it yourself is still the most economical.

 

[calbear88]

I sold my base 3.8L 2012 genesis with 22,000 miles in July to Carmax for $19,000. Paid $31,500 for it new.

 

[StangKiller]

I paid $40K for my 2012 rspec roughly 2 years ago (27 months). I got 26.5K for my trade-in when I bought the 2015. I owed about 23K so had some equity to roll into the new one. So basically I paid 13.5K to drive the rspec for 27 months, which would be $500/mo. My lease payment on the 2015 is $25 higher per month than my payment was on the 2012. After the first test drive I was hooked - such an awesome car.

 

[jime]

I took the "hit" because I got a guaranteed trade in value when I bought my 2012, and the 2015 Ultimate is an entirely different level of car. I feel that I went from a near-luxury vehicle to an ultra-luxury vehicle. And just for fun, I did a "build and price" comparison of a E-class Mercedes adding all the features that come standard on my Ultimate. The MSRP price came out to $77,500.
The reason that everyone is trading is that once you gain confidence in the Hyundai brand, it is easy to take the loss to move up to a much higher level of luxury.

 

[Midnightsun]

I normally would have waited another year however the difference in every respect was just too extreme and the addition of AWD drove the last nail in the coffin. Had to have. Serenity, effortless power and one of the highest safety ratings ever recorded, what more can one ask for. I have a feeling this car is going to take numerous awards in the luxury class.

 

[ksoze]

The reason that everyone is trading is that once you gain confidence in the Hyundai brand, it is easy to take the loss to move up to a much higher level of luxury.

Sounds some some pretzel logic there