Price Paid For 2015 Genesis

[bluegenesisfl]

2015 Genesis V-6 Montecito Blue / beige with Premium / Signature / Tech
with 1900 miles
MSRP 46816
Paid 37700

traded 2011 Genesis V-6
with 39000 miles
with Premium / Nav / sunroof
ACV 17000

difference 20700

 

[StangKiller]

Hello everyone. Been awhile since I posted. This is what I'm working with, thinking about picking it up tomorrow. Had three dealerships near me bid on an empire grey 5.0 ultimate - pretty impressed at this first offer I got from the second dealer. They all told me to come back and give them last chance if they were beat so I could probably get another $500-$1K. Lease option is $670/mo for 36 months w/ 12000 miles per year and $0 down. Not sure if I'm going to lease or buy - leaning towards lease because I seem to buy a different car every 2-3 years. I think the adjusted sales price is pretty good and I'm pretty happy with trade-in above KBB value, but I have a feeling I need to be around $630/mo if I lease based on some other posts on this thread. Pull the trigger or keep pushing?

Trade-in is 2012 Genesis rspec 5.0 w/ 23000 miles.

Thank you for the help.

 

[ksoze]

I think the adjusted sales price is pretty good and I'm pretty happy with trade-in above KBB value, but I have a feeling I need to be around $630/mo if I lease based on some other posts on this thread. Pull the trigger or keep pushing?

The quoted sales price is a little higher than Hyundai Circle pricing, so pretty good. The admin fee is BS. Lease rates are not as optimal as on other premium brands, as the depreciation assumed is high and not artificially lowered - would need to see the exact lease details to judge (interest, residual, etc.). Tough call on buy or lease due to this - I would probably buy. if you do lease, do not until you know ALL of the lease details - not just payment and term.

 

[Roikins]

2015 3.8 RWD Ultimate, Casablanka White , with dark interior 46,850 with all rebates+ tax + rim protection 499.00 and 100,000 miles 10 year,powertain warranty 50,500 OTD
Trade in my Sonata 2012 2.0T Limited for 17,000 and did down payment 15,000
Got very low interest rate 5,5% only.
Came with first aid kit, floor mats, cargo net, rear bumper protection , and while the paper work was done, gave me free window tint, and drove out with tinted windows

 

[StangKiller]

The quoted sales price is a little higher than Hyundai Circle pricing, so pretty good. The admin fee is BS. Lease rates are not as optimal as on other premium brands, as the depreciation assumed is high and not artificially lowered - would need to see the exact lease details to judge (interest, residual, etc.). Tough call on buy or lease due to this - I would probably buy. if you do lease, do not until you know ALL of the lease details - not just payment and term.

Thanks ksoze. Just asked them to email me specifics and will share shortly.

 

[ksoze]

Got very low interest rate 5,5% only.

They may have made up a little ground on your good deal with that interest rate. Average rate for a 5 year new car loan is just over 3% and most credit unions are at or under 2%. I would always try and get a local bank and/or credit union rate BEFORE seeing what the dealer is offering. Many a low profit car sale is made up with the mark up of interest rates by the dealer.

 

[Roikins]

They may have made up a little ground on your good deal with that interest rate. Average rate for a 5 year new car loan is just over 3% and most credit unions are at or under 2%. I would always try and get a local bank and/or credit union rate BEFORE seeing what the dealer is offering. Many a low profit car sale is made up with the mark up of interest rates by the dealer.

I got HMA financing, unfortunately I don't have the perfect credit score,and 5,5 is the lowest I ever got.
For my previous car I had ,you won't believe 18%!!
Well,now this rate compare to what I had is almost like no interest at all

 

[StangKiller]

Deal is done.

5.0 Ultimate Empire State Grey
Sale Price: $50,200.00
Money Factor: 0.00042 (1.0%)
Down Payment: $0.00
Trade-In Value: $26,500.00 (2012 Genesis rspec, 23K miles)
Loan Payoff: $23,900.00
Adjusted Residual: $29,096.60

0 Down, $625.21 per month

One Happy Customer

 

[ksoze]

One Happy Customer

Congrats, that's all that matters in the end.

 

[KyKernel]

I bought my Genny Saturday. Nov 15. My bank rate was 1.94%, but the REAL rate (because of the convoluted way they calculate it by adding the interest up front) came to 2.32%. A loan like this should not be paid ahead of time, because that does not save you interest. It is not like a home mortgage.

3.8L Tech package Wheel locks & trunk protector.
Price: $42758
Manufacturer discount: $1500
Discount for military service: $500. (They say Hyondai gives this far any US honorable discharge)
Trade in: (2011 4.6, 38K miles): $17,500
sales tax: $1515
Down payment: 0
Amt financed (after fees): $25,160
$550 per month for 48 months.

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[SH66]

Notice Hyundai TV ads for "Black Friday Sales". Does this mean anything, or am I just as well off going with something like Truecar?

 

[Shady_panda]

2015 3.8 RWD Ultimate, Casablanka White , with dark interior 46,850 with all rebates+ tax + rim protection 499.00 and 100,000 miles 10 year,powertain warranty 50,500 OTD
Trade in my Sonata 2012 2.0T Limited for 17,000 and did down payment 15,000
Got very low interest rate 5,5% only.
Came with first aid kit, floor mats, cargo net, rear bumper protection , and while the paper work was done, gave me free window tint, and drove out with tinted windows

thats low? I can get a used vehicle for 1.5% who did you go through?

 

[ksoze]

thats low? I can get a used vehicle for 1.5% who did you go through?

Read his reply - he answered why. Not everyone has the same credit and he is happy with his purchase - good for him.

 

[lobsenza]

I am in the process of negotiating the price on my 3rd 2015 Genesis. Unfortunately, only one of them was for me (I negotiate car prices for others). The prices are coming down. I am now getting over $1000 below invoice.

 

[ksoze]

I am in the process of negotiating the price on my 3rd 2015 Genesis. Unfortunately, only one of them was for me (I negotiate car prices for others). The prices are coming down. I am now getting over $1000 below invoice.

Thanks for the update. Assume this is BEFORE any incentives?

 

[lobsenza]

Yes, before incentives.

I negotiated a price of $45,042 on a red V6 ultimate (MSRP $50,135, Invoice $47,017) before incentives. But the person I was helping didn't want red.

 

[jime]

Gray (Parisian, Empire State and Montecito Blue) Ultimates are extremely rare in northern California. My local east SF Bay dealer had nothing in stock and could not find a dealer trade anywhere to sell me. I had to drive to San Jose and pay extra ($47,000 before incentives) to get the last Empire State gray anywhere in northern California. I did an on-line inventory search by color to find the car that purchased and know that there are no other grays anywhere nearby.
I was able to use my Hyundai guaranteed trade-in for my 2012 Genesis Tech and did get the dealer to throw in a cargo tray, rear bumper applique and a rear badge change. With my loyalty $1000 and military $500 incentives I paid $51,346 out the door.

 

[Roikins]

thats low? I can get a used vehicle for 1.5% who did you go through?

Yeah , it's low to me, compare that I used to pay for my previous brand new 2012 Sonata 2.0T Limited. % 18 I paid.
if you can get that low , it doesn't mean that I can. My credit score is ,, khnmm let's say not the best you could have, actually it's very bad.
And I got both cars financed by Hyundai Motor Finance. They saw that I made payments on time and always more than required , and now they lowered almost 3 X

 

[12Genny]

Pulled the trigger last month, 15 Genesis 3.8 AWD Ultimate (Black/Black). MSRP $52,735 , A-Plan price $47613.45 minus $1000 owner loyality, minus $500 military rebate, final price $46113.45. Dealer also tinted windows, filled tires with nitrogen, and rebadged the trunk.

 

[bnajack]

I really appreciate all those who shared their selling experience as it definitely save me serious money. Last night I purchased a Parisian Gray/Black 5.0 Ultimate. I paid $1,000 under invoice + $1,000 Loyalty Credit + 1.59% finance rate (60 months).