Did I get a good deal?

[geosh]

I just purchased a demo 2016 Genesis 3.8 AWD ultimate package with 1,510 miles on it for $37,995.00. The car has me registered as the first owner however they are still going on the orginal in service dates from 5/26/2016. So I lost a year off my warranty coverage. I had a trade it that all other dealerships offered me $28,000 -$29,500 for and they loaded up in my trade at $31,000. So I am thinking I really bought the Genesis's at around $36 -$36,500. Did i get taken or is that a good deal? Oh and it's black with ivory leather! I've always had dark interiors and scared of the care that will be required for this ivory leather. I'll post pictures later!

 

[tuckerdog1]

I like that deal, especially that you're down as original owner & get all the new owner warranty. Was this a dealer program car?

Tuckerdog1

 

[geosh]

I like that deal, especially that you're down as original owner & get all the new owner warranty. Was this a dealer program car?

Tuckerdog1

Hyundai sold the car to a dealership in Colorado. On the window sticker it shows the words "demo and a man's name" so then it was sold at an auction and shipped to a Hyundai dealership in Mississippi. I saw the ad on cars.com and it said it was listed as new, and the carfax showed it never titled but sold from an auction. I called three different Hyundai dealerships and it was never sold so I still get the orginal new owner warranty. However, the in service for the guy who drove it with Hyundai is 5/27/2016. So lost a years warranty though.

 

[PMCErnie]

It could be a flood car. Did you inspect it THOROUGHLY?

 

[Mark_888]

Hyundai sold the car to a dealership in Colorado. On the window sticker it shows the words "demo and a man's name" so then it was sold at an auction and shipped to a Hyundai dealership in Mississippi. I saw the ad on cars.com and it said it was listed as new, and the carfax showed it never titled but sold from an auction. I called three different Hyundai dealerships and it was never sold so I still get the orginal new owner warranty. However, the in service for the guy who drove it with Hyundai is 5/27/2016. So lost a years warranty though.

It may have been driven by a Hyundai Motor America exec in California. What was the man's name?

 

[geosh]

It could be a flood car. Did you inspect it THOROUGHLY?

Yeah, I checked it out. Clean carfax and no issues reported on Hyundai's service report.

- - - Updated - - -

I may have been driven by a Hyundai Motor America exec in California. What was the man's name?

His name is Jason Perrino.

 

[Mark_888]

His name is Jason Perrino.

Jason Perrino

District Parts and Service Manager at Hyundai Motor America. Responsible for the direct contact of dealerships, acting as a liaison between Hyundai, it's dealer body and the retail customer. (Not sure if this is his current job at HMA, but he definitely had this job at one time).

 

[geosh]

Jason Perrino

District Parts and Service Manager at Hyundai Motor America. Responsible for the direct contact of dealerships, acting as a liaison between Hyundai, it's dealer body and the retail customer. (Not sure if this is his current job at HMA, but he definitely had this job at one time).

Yeah, it's fascinating how that car could get way down in Mississippi from Colorado. You would think the local Hyundai dealership would have sold it. Just hope he drove it easy the first 1,000 miles he drove it.

 

[Mark_888]

Yeah, it's fascinating how that car could get way down in Mississippi from Colorado. You would think the local Hyundai dealership would have sold it. Just hope he drove it easy the first 1,000 miles he drove it.

Actually, it is not good to drive it "too easy" the first 600 miles, otherwise the rings will not seat properly. The owners manual says to try and keep the engine between 2,000-4,000 RPM during break in. Obviously, not good to abuse it either.

 

[Mark_888]

Yeah, it's fascinating how that car could get way down in Mississippi from Colorado. You would think the local Hyundai dealership would have sold it.

Dealers are independent businesses, not owned by the manufacturer or HMA. So HMA cannot force a dealer to take it if they don't want it.

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[pmckechnie]

Actually, it is not good to drive it "too easy" the first 600 miles, otherwise the rings will not seat properly. The owners manual says to try and keep the engine between 2,000-4,000 RPM during break in. Obviously, not good to abuse it either.

Mark, I agree 100% with driving aggressive for the first 1000 miles. When I get a new car I drive it like I stole it. My theory is, if it has a problem it will show up sooner and you will have less problems with the dealer fixing it. If it runs with no problems thru this break in period, it will run forever.

 

[geosh]

Mark, I agree 100% with driving aggressive for the first 1000 miles. When I get a new car I drive it like I stole it. My theory is, if it has a problem it will show up sooner and you will have less problems with the dealer fixing it. If it runs with no problems thru this break in period, it will run forever.

I've bought several new cars over the years and a few used cars. On the new cars I have tried to baby them for the first 1,200 miles. I follow the owners manual when it comes to the break end period. Below is the list of cars and mileage when I sold them. I drive a lot for my work. The list below is some of the cars me and my family have owned or leased. I did not list them all over the years but just the ones that I liked the most.

2001 Honda Accord EX 4 cycl 168,000 miles (no engine problems, 2 transmissions replaced by Honda)
2002 Acura TL Type S 68,000 miles
2006 Hyundai Sonata LX 3.3 V6 126,000 miles (Key sticking in ignition problem, no other issues)
2009 Hyundai Sonata Limitied 3.3 V6 86,000 miles, no problems
2010 Nissan Titan 68,000 miles, no problems
2011 Nissan Maxima 149,000 miles, best car! No issues at all!
2015 Hyundai Sonata Sport 2.0t 24,000 (leased) abs module, tire pressure sensors, panoroof noises.
2016 Acura TLX Advanced 9,000 miles (leased) 9 speed transmisson was horrible. (Very nice car, transmission killed it)
2016 Nisaan Maxima Platinum 11,500 miles (check engine light, rattle from under the car, memory seats/steering wheel never would link up, nav screen would go black, horrible steering accuracy)

2015 Ford F-150 Platnium 4x4 29,000 miles (drivetrain is currently making a grinding noise, off to the Ford dealership we go) (currently own)
2016 Hyundai Genesis 3.8 AWD Ultimate (currently own)

 

[Mark_888]

I've bought several new cars over the years and a few used cars. On the new cars I have tried to baby them for the first 1,200 miles. I follow the owners manual when it comes to the break end period.

Here is what the Genesis Owners Manual says:

No special break-in period is needed. By following a few simple precautions for the first 600 miles (1,000 km) you may add to the performance, economy and life of your vehicle.

• Do not race the engine.
• While driving, keep your engine speed (rpm, or revolutions per minute) between 2,000 rpm and 4,000 rpm.
• Do not maintain a single speed for long periods of time, either fast or slow. Varying engine speed is needed to properly break-in the engine.
• Avoid hard stops, except in emergencies, to allow the brakes to seat properly.

Note that if you are driving at 2000 RPM, you are likely going 60 MPH or more in top gear.

 

[geosh]

Here is what the Genesis Owners Manual says:

No special break-in period is needed. By following a few simple precautions for the first 600 miles (1,000 km) you may add to the performance, economy and life of your vehicle.

• Do not race the engine.
• While driving, keep your engine speed (rpm, or revolutions per minute) between 2,000 rpm and 4,000 rpm.
• Do not maintain a single speed for long periods of time, either fast or slow. Varying engine speed is needed to properly break-in the engine.
• Avoid hard stops, except in emergencies, to allow the brakes to seat properly.

Note that if you are driving at 2000 RPM, you are likely going 60 MPH or more in top gear.

Thanks for the info!

 

[sidewinder1]

is it otd? I just bought a 15 tech rwd with 22k for $26,500 from private seller. ttt was another $1,800. You can also check kbb or edmunds valuation.

I just looked up kbb for your car and it came up $31,168 for private party sale and trade in value $27,660 for very good condition. Dealer markup of 7k seems bit high.

https://www.kbb.com/hyundai/genesis...6884902|true|6884970|true&condition=very-good

 

[Mark_888]

is it otd? I just bought a 15 tech rwd with 22k for $26,500 from private seller. ttt was another $1,800. You can also check kbb or edmunds valuation.

I just looked up kbb for your car and it came up $31,168 for private party sale and trade in value $27,660 for very good condition. Dealer markup of 7k seems bit high.

https://www.kbb.com/hyundai/genesis...6884902|true|6884970|true&condition=very-good

It was a demo with 1,510 miles. Also has 10 year 100K mile powertrain warranty, which is not available on a used car (unless CPO).

 

[geosh]

is it otd? I just bought a 15 tech rwd with 22k for $26,500 from private seller. ttt was another $1,800. You can also check kbb or edmunds valuation.

I just looked up kbb for your car and it came up $31,168 for private party sale and trade in value $27,660 for very good condition. Dealer markup of 7k seems bit high.

https://www.kbb.com/hyundai/genesis...6884902|true|6884970|true&condition=very-good

Sounds like you got a good deal!
I agree, I would never have paid $37,999 for it. However, I had a trade in that's book value was 28-29k they gave me $32,000 for my trade. So the ACV (acutal cash value) for my trade was probably $27,000 - $28,000 if that. So just say it was $27,000 and they showed me $32,000. Basically, I bought my Genesis for $32,999.00. They just showed me way more for my trade than any other dealership I went to. So I knew they had plenty profit on the Genesis. I am sure, I could have got them down more but I got a super cheap interest rate too and Gap insurance for only $275.00! It's a super clean car and I plan on keeping it for many years. They also serviced the car for me and even had the car waxed for me.

 

[sidewinder1]

i hear ya...they made up for the inflated price by giving you good trade...or you can say made up for the nice trade by inflating the price either way its virtually a new car and i'm sure you will enjoy it...i do...its by far the best car i've had since high school.

my previous cars

76 dodge dart
79 honda accord cvcc
87 honda accord lx-i
93 acura integra gs-r
95 nissan maxima se
02 nissan altima 2.5s
12 kia optima ex
15 genesis 3.8

interesting fact is that the rim size starting from the accord at 13" went up 1 inch every car to 18" on the genesis...so my next car should be 19" rims...