True.There is that. They probably depreciate pretty quickly too, since everyone wants a SUV.... That being said, a Kona N is supposedly a blast.
My thoughts exactly - We have a similar buying strategy. I let the first owner eat the big part of the depreciation. I haven't bought brand new in quite a few years. Occasionally, this stratagem leads me to some "offbeat" purchases. I noticed that the "Hyundai" branded Genesis took a massive hit within 3yrs as compared to the functionally identical, slightly newer "Genesis" branded one at my time of purchase, so I was able to pick up a nearly $60k car w/ low miles on the cheap.True.
A brand new 2023 Sonata will must likely depreciate in value very quickly. I usually buy low mileage used cars with about 3 years on them with an aftermarket warranty that goes to 100k miles. I probably could get a used low mileage Sonata N in the mid $20k range if I wait another year or so to buy one.
The Kona N is nice as well.
Well, I have found some aftermarket replacement parts for my 2015 Genesis, so I may hold on to it until the used car loan interest rates go down. So my plan is to keep the Genesis for a few more years and then pick up a used 2021 or 2022 model.My thoughts exactly - We have a similar buying strategy. I let the first owner eat the big part of the depreciation. I haven't bought brand new in quite a few years. Occasionally, this stratagem leads me to some "offbeat" purchases. I noticed that the "Hyundai" branded Genesis took a massive hit within 3yrs as compared to the functionally identical, slightly newer "Genesis" branded one at my time of purchase, so I was able to pick up a nearly $60k car w/ low miles on the cheap.
That's kinda what's leading me down the Giulia road - the 2020's were ones with the earliest significant upgrades in equipment & FCA by then had worked out the (small) bugs. A low mileage (under 20k) Ti w/ sport package can be had with a nearly 40% markdown from MSRP. Granted, the Alfas have a bad rep for quality notably the top dog QV - but the 2.0 cars seem to be pretty stout.
Sounds like a solid planWell, I have found some aftermarket replacement parts for my 2015 Genesis, so I may hold on to it until the used car loan interest rates go down. So my plan is to keep the Genesis for a few more years and then pick up a used 2021 or 2022 model.
My main concern about a used car purchase is also finding one that it is easy to work on with affordable repair parts; hence why I bought a high end Hyundai in the first place. Now, my gamble is paying of since aftermarket companies are now making parts that will work on 2015+ 5.0 Genesis models.
The extended warranty is for the rare engine/transmission failures that can occur with some newer models that is not covered after the warranty period which usually ends by 60k miles for most automakers. The risk of buying used cars is that the warranty period is nearly finished or used up even if the car has low mileage since most automakers factory warranty are only 5year/60k miles.
Thank you. I just want to get the Genesis road worthy again.Sounds like a solid plan![]()
Good Deal - I agree, not into the crazy interest rates at the moment.Thank you. I just want to get the Genesis road worthy again.
I am almost there. I just need an oil cooler gasket(needs three gaskets total), water pump(last minute add-on), and whatever other little detail that got missed (seals, bolts,clips,etc)to get the car back together.
New car shopping will have to wait until the Feds lower the interest rates back to normal.