G70 US Availability?

[Mcc]

This is exactly why car sales people have a bad reputation. Why can't they just be upfront and honest? Why is there so much greed at every level? Ugh.

Yes I agree but is it greedy for customers to try to negotiate for the best deal? Have you ever told a sales person something that was not entirely true?

 

[EdP]

I am not interested in the 3.3, I want the 2.0 for 37K and might just have to deal

That can't be legal can it? Fair lending violation.

There are ways around things like that. The bank can give them document fees for it. If there is money to be made, there is a way of shuffling it.

 

[JayceM]

Don't know how Genesis Financial works but with some finance sources, they pay dealerships a premium for bringing in finance business. The dealership can pass some of this premium on to the customer. With my last car purchase, my sales rep, who was a very straight shooter, told me he could give me a better deal if I financed. I told him I wanted to pay straight up. He said that what he recommended was financing a minimal amount (I forget what it was now), making an initial payment, and then just paying off the balance. He used that routinely as a way of getting a better bottom-line price for customers who preferred an outright purchase. I suspect that doing it this way helped get price approval from the sales manager. I don't know how universal this practice is, but clearly a lot of dealerships push buyers toward a specific finance source and I'm pretty sure that's because they get some cash for doing so.

Well yes, they can get incentives, and they can even mark up and make some extra at times. There's a chart over on the Kia stinger forum that shows how much dealerships are allowed to markup the interest rate. But he's saying because his credit is so good he should get an extra discount. You may get a bigger discount on a car compared to if you pay cash, but I'm saying that the dealership itself is not so much worried about the amount of risk a person is, so as to discount the car more because they're less of a risk. That's Genesis Financial's problem or whoever you end up financing through. The majority of people do not pay cash for their cars. So they're getting that incentive off of most people. So I'm just saying he shouldn't expect to go in and pay less for the vehicle itself than someone who has say a 620. He'll pay less on interest for sure, but the dealership likely won't say, you know what, since you've got such a high score, we'll give you an extra 1000 off lol.

 

[Pfohobear]

2019 Genesis G70 takes you to a different page than 2019 Genesis G70
Weird

 

[Beefer]

2019 Genesis G70 takes you to a different page than 2019 Genesis G70
Weird

Oh wow...good find.

 

[Ed Okin]

Just stopped into my local Genesis dealer. I spoke with a very pleasant gentleman, who sadly, had not even seen the G70 Press Release from yesterday. If Genesis won’t give any info to its dealers, then their sales staff will be likewise uninformed.

 

[Mcc]

Just stopped into my local Genesis dealer. I spoke with a very pleasant gentleman, who sadly, had not even seen the G70 Press Release from yesterday. If Genesis won’t give any info to its dealers, then their sales staff will be likewise uninformed.

More to the question is if dealer sales can’t or are not interested in keeping up with Genesis press releases that are all over on the net then maybe they shouldn’t be selling Genesis. Or better yet, you should not be frequenting those dealers. Guaranteed you won’t be happy in the long run. The nice gentleman you spoke to has better things to do. Go to a dealer who is knowledgeable. It shows they want to earn your business.

 

[Ed Okin]

More to the question is if dealer sales can’t or are not interested in keeping up with Genesis press releases that are all over on the net then maybe they shouldn’t be selling Genesis. Or better yet, you should not be frequenting those dealers. Guaranteed you won’t be happy in the long run. The nice gentleman you spoke to has better things to do. Go to a dealer who is knowledgeable. It shows they want to earn your business.

Excellent points.

I have reached out to a couple of other dealers here in Southern California who have at least replied to my emails and shown some interest in the G70, namely, Parkway Genesis in Valencia and Cardinale Way Genesis in Corona, neither of which are necessarily convenient to me, but if they communicate, have the color and trim I want and negotiate fairly, they will earn my business.

Unfortunately, the Hyundai / Genesis dealer From which I purchased by 3 Hyundais was purchased my another owner.

 

[Mcc]

Excellent points.

I have reached out to a couple of other dealers here in Southern California who have at least replied to my emails and shown some interest in the G70, namely, Parkway Genesis in Valencia and Cardinale Way Genesis in Corona, neither of which are necessarily convenient to me, but if they communicate, have the color and trim I want and negotiate fairly, they will earn my business.

Unfortunately, the Hyundai / Genesis dealer From which I purchased by 3 Hyundais was purchased my another owner.

Try Keyes Genesis in Van Nuys. Ask for Johnny Bassous, Sales & Leasing Consultant. If he is still there I think you will find him very knowledgeable and professional.

 

[Ed Okin]

Try Keyes Genesis in Van Nuys. Ask for Johnny Bassous, Sales & Leasing Consultant. If he is still there I think you will find him very knowledgeable and professional.

I will. Thank you!

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[Starflyer]

Anyone think this this thread ought to be put to bed with 1,709 messages already here?

A new thread could be started. Call it "G70 US NOW" or "G70 Sept '18". Reading this one backwards is a bad 2nd choice.

 

[Ed Okin]

Perhaps a thread for people to identify dealer who actually have G70s and are selling them.

The Press Release yesterday (seems like a week ago...) does say:

“The 2019 Genesis G70 goes on sale this week...”

 

[EdP]

Anyone think this this thread ought to be put to bed with 1,709 messages already here?

A new thread could be started. Call it "G70 US NOW" or "G70 Sept '18". Reading this one backwards is a bad 2nd choice.

Sure, in a few days after it actually is available.

 

[AnyVare]

Sure, I'm fine if we archive this thread I started...after the car is truly available. But it should be searchable, as it does contain some good content as well as some interesting dialogs.

Now, for availability...let's set that definition to the same criteria as the new thread "US dealers who actually have the G70 available for sale":

1. Physically have G70s on their premises;
2. Customers can go in, do the sales or lease paperwork, and;
3. A customer can actually drive away in G70 that has their name on the registration.

Finally, just a quick note about my local VA dealer. They contacted me yesterday about another "deal" on their SantaFe. When I asked him about the G70, he replied "We have no new information, sorry." I'm not surprised by this answer and no one else should be. Most people on these boards are car nutz and light years ahead of a salesman. Their sales model is to move inventory off the lot to make their paycheck, not really focused on a future sale of a car that isn't there yet. Once the dealers inventory arrives on their lot, salesman will get motivated...but don't expect deals for months. Heck, it might even take 6mos to a year for things to balance out between the G70 and Stinger.

 

[Scrappy]

I got a email from a sales consultant from Safford Hyundai in Springfield VA, telling me they’ll probably get the G70s in a couple of months.

 

[BrainDoc]

I got a email from a sales consultant from Safford Hyundai in Springfield VA, telling me they’ll probably get the G70s in a couple of months.

Ouch

 

[Drezz]

Anyone else poking at the Genesis build-your-own page and waiting for the G70 to show up??

 

[Eljefetonto]

Anyone else poking at the Genesis build-your-own page and waiting for the G70 to show up??

Most of us have been for months.

 

[Ed Okin]

Anyone else poking at the Genesis build-your-own page and waiting for the G70 to show up??

Yes! I’m surprised there’s not a worn out spot on my iPhone screen.

 

[devellis]

Well yes, they can get incentives, and they can even mark up and make some extra at times. There's a chart over on the Kia stinger forum that shows how much dealerships are allowed to markup the interest rate. But he's saying because his credit is so good he should get an extra discount. You may get a bigger discount on a car compared to if you pay cash, but I'm saying that the dealership itself is not so much worried about the amount of risk a person is, so as to discount the car more because they're less of a risk. That's Genesis Financial's problem or whoever you end up financing through. The majority of people do not pay cash for their cars. So they're getting that incentive off of most people. So I'm just saying he shouldn't expect to go in and pay less for the vehicle itself than someone who has say a 620. He'll pay less on interest for sure, but the dealership likely won't say, you know what, since you've got such a high score, we'll give you an extra 1000 off lol.

Yeah, clearly the dealership doesn't care whether you're a financial risk if they've got their money already. I certainly didn't mean to suggest anything different. My point was that there are finacial incentives in place between lenders and dealers that often result in dealers making more on the transaction if a buyer finance and that chunk of change is big enough that they'll share some of it with the buyer. If the buyer goes all cash, the dealer doesn't get that bonus. If the dealer suggests financing and the buyer still wants to go all case, the dealer doesn't get that bonus. If the dealer incentivizes the buyer the buyer to finance by reducing their cost out the door, the dealer can get at least a part of that bonus from the finance source. And that's how it's worked for me in the past. As I said, last time I financed and just paid off the full balance when the first payment was due. It was the dealer's suggestion so apparently he got his bonus and meanwhile, I got a better price for the car. I don't recall exact figures but it would have had to been at least a couple hundred dollars for me to have considered it worth the hassle. I suspect the dealership got at least as much. Financial sources like these arrangements. Sure, they lose if they have to pay the dealer something but more often than not, people either just don't plan on paying off the balance immediately or plan to but then don't. In those cases, the financial institution gets interest. Overall, the interest exceeds the payouts, across all transactions.