Price Paid For 2015 Genesis

[penga25]

I am actually considering the Genesis for a similar situation (1.5 yr old, 1 more on the way) because my current ride, a nissan frontier crew cab pickup, simply can't handle a carseat behind the passenger without moving it forward. I stuck with it for kid #1 but I don't want to do that again. My wife's Sonata works pretty good though.

Is it lack of space/trunk room? I am really really curious what your experience has been as my other option is a k900/equus for more room.

the Genny has plenty of room, leg room, head room, my daughter is forward facing behind me, so my seating position is not an issues, I'm 6', my son is rear facing behind the passenger and still comfortable upfront. its more an issues of when we go anywhere its usually quick in and outs with the stroller, bags, etc and its just not as comfortable to put the kids in and out of the car and gear compared to an SUV. a lot of ducking and crouching since the car is nice a low and sexy . i didn't think this would be a concern when i had my Honda fit (we never took family outings in it) but for some reason we find ourselves spiting the crv and genesis use now. i dont think the k900 or equus size would solve anything relative to a Genesis. the crv is actually smaller than the Genny but more "usable"

 

[cletus]

the Genny has plenty of room, leg room, head room, my daughter is forward facing behind me, so my seating position is not an issues, I'm 6', my son is rear facing behind the passenger and still comfortable upfront. its more an issues of when we go anywhere its usually quick in and outs with the stroller, bags, etc and its just not as comfortable to put the kids in and out of the car and gear compared to an SUV. a lot of ducking and crouching since the car is nice a low and sexy . i didn't think this would be a concern when i had my Honda fit (we never took family outings in it) but for some reason we find ourselves spiting the crv and genesis use now. i dont think the k900 or equus size would solve anything relative to a Genesis. the crv is actually smaller than the Genny but more "usable"

Gotcha. Thanks for the feedback. This might not be an issue for us as we take the Sonata most places these days anyways so we are used to it.

 

[glennk]

For those in the market for a 2016 Ultimate (3.8), Eckert Hyundai here in the DFW area just took in 3 Ultimates w/ 500-1500 miles that were used during the Super Bowl. All 3 are CPO and priced <$40k. They weren't ever titled to the retail public.

About the best deal I'm seeing out here for a 2016.

After selling my 2015 3.8 Sig Pkg for a $6k profit back in April, I just picked up a 2015 5.0 Ultimate in Casablanca White w/ 25k miles for $35k. I love the extra tech goodies and the extra horsepower!

What are the Super Bowl cars? Were these just on display or were they sat in? I'm seeing a lot of 2015 V8's and 2016 V6's fully loaded with low or no mileage. Second question, I'm seeing lots of AWD V6's that were corporate demo's. Any difference in 0-60 time?

 

[zeez]

Sorry to necropost, but I'm hoping to get some feedback on a used 2015 3.8 ultimate RWD. It has about 12k miles on it and is listed at $35,000. Based on the pricing I saw everyone here get their NEW 2015s for and that KBB suggests $29-31,000 for it, I feel like I can push the dealer lower. The dealership is about 5 hours away from me so I don't want to get there and be in a poor position.

I'm also curious about getting the car certified for what seems to be a nominal fee. Can you really get it certified for $100-200?

 

[LantanaTXGenesis]

Sorry to necropost, but I'm hoping to get some feedback on a used 2015 3.8 ultimate RWD. It has about 12k miles on it and is listed at $35,000. Based on the pricing I saw everyone here get their NEW 2015s for and that KBB suggests $29-31,000 for it, I feel like I can push the dealer lower. The dealership is about 5 hours away from me so I don't want to get there and be in a poor position.

I'm also curious about getting the car certified for what seems to be a nominal fee. Can you really get it certified for $100-200?

Unless your regional pricing is way off from the Dallas area, KBB shows a fair purchase price of $33,718, with an overall range from the $32k-$35k range depending on condition. This is for a 2015 Ultimate V6 RWD w/12k miles.

The only thing I've seen in the $30k range here are base models, and occasionally the higher mileage base+signature V6 RWD.

If you can grab an Ultimate for a price between $29-$31k you'd be doing extremely well!

 

[LantanaTXGenesis]

What are the Super Bowl cars? Were these just on display or were they sat in? I'm seeing a lot of 2015 V8's and 2016 V6's fully loaded with low or no mileage. Second question, I'm seeing lots of AWD V6's that were corporate demo's. Any difference in 0-60 time?

Likely just on display. When in Maui in January we were there at the same time as the PGA Tournament of Champions, sponsored by Hyundai. They had loaded Genesis Ultimates on display all over the island, as well as being provided as courtesy cars for many of the professionals.

So who knows, maybe a few of these Super Bowl vehicles were driven by corporate execs or other Super Bowl VIPs.

 

[zeez]

Unless your regional pricing is way off from the Dallas area, KBB shows a fair purchase price of $33,718, with an overall range from the $32k-$35k range depending on condition. This is for a 2015 Ultimate V6 RWD w/12k miles.

The only thing I've seen in the $30k range here are base models, and occasionally the higher mileage base+signature V6 RWD.

If you can grab an Ultimate for a price between $29-$31k you'd be doing extremely well!

Odd. The method on KBB I used was to "Price New/Used Cars". I then put in all the details and I've got (now) a fair price of 32,192 and a range of 30.7 - 33.67. It doesn't let me adjust the condition of the car like it does when you're valuing your own car. Anyway, the point is that I would certainly like to push it as low as I can get it..but don't want to drive all the way out there and not get a car. Hard to feel I have the upper hand in that situation..

 

[cletus]

Odd. The method on KBB I used was to "Price New/Used Cars". I then put in all the details and I've got (now) a fair price of 32,192 and a range of 30.7 - 33.67. It doesn't let me adjust the condition of the car like it does when you're valuing your own car. Anyway, the point is that I would certainly like to push it as low as I can get it..but don't want to drive all the way out there and not get a car. Hard to feel I have the upper hand in that situation..

Generally, I look on Autotrader/cars.com/cargurus.com for the 200/250 mile radius at the prices being charged. If similar cars further away are cheaper then you can use that as leverage when making an offer. If they are one of the lower prices already you will find that they will most likely only budge a few hundred bucks because they are already at the market rate. The gap between advertised internet pricing and actual bottom dollar pricing has really narrowed over the last 10 years as the car search engines have made the playing field fairly competitive.

 

[DNewkirk]

Just bought it 2 weeks ago.

2015 3.8 standard, 6k miles on it. CPO. Got it for 30K.

 

[spimusic]

Got mines 3 weeks ago

2015 3.8 Ultimate package, 28k miles, black
prev owner added: led trunk emblem, front and rear dash cams

I paid $32,000

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[zeez]

I was looking at a lease for a 2016 ultimate and the dealership is telling me they can't go lower than 520, even accounting for my credit (Tier 1, to them). They aren't giving me details, which is annoying, and are claiming that since there aren't a lot of 2016s left they don't have to give deals because people who want a discount to the 2017s will come for the 2016. I'm not so convinced.

520 for 36 months 12,000 and (assuming 55% residual and 0.00026 money factor, which another dealership told me) seems like they are not discounting the car much. KBB says a used 2016 with the same mileage would be about 40k. I didn't ask about flex-cash availability since they seemed obstinate, and I left.
I was hoping for a 420-450ish payment which would be about 100*36 = 3,600 cheaper than they are valuing the car now. I would have thought that's not too hard to swallow for them on a car that's been sitting on their lot for a year. THey keep saying that it's brand new, untitled etc..but I would imagine that the title doesn't matter. It's last year's car, even if the g80 has 95% similarity, and depreciation doesn't care that it is "new".

Any thoughts from you experts? I can't help but feel they're holding back, but it would be nice to know if I'm the unreasonable one =)

EDIT: also forgot to mention that it's a bit over the limit in mileage for leasing, so they claim it would be 'difficult' or they'd have to list the lease limit rather than the actual mileage as a beginning number. The differrence seems to be not too much, but I think that can also be ironed out somehow.

 

[DubbuD]

2015 Genesis Sedan 3.8 H-Trac AWD w/ Tech Package.

List MSRP: $53,900 CAD
My price: $45,900 CAD
Extras: $1,200 CAD
Final Finance: $47,100 CAD before tax
APR: 2.17% Financing
Mileage: 223 km (all-day test-drive the day before I bought it)

Trade-in: 2011 Genesis Coupe 2.0t Premium
Price: $10,900 CAD
Mileage: 149,400 km

Originally they only wanted to give me $4,000 for the trade-in and I told them they could keep the car, and I'll do the same as long as the price is that low. Told them I wanted my loan paid off, then I'll consider it. Car was $8,000 off already due to depreciating stock. They called back a couple days later and asked me to come in and they offered me the value of my loan + the originally agreed on $8,000 off and a family & friends discount on warranties and services. Ended up getting road hazard warranty and weather-proofing.
So all in all I feel I got a good deal. The trade-in was definitely worth no more than around $7k - $8k imo, especially with the high mileage, so they gave me a deal there, considering they'll never make that back on the car. I don't think I would have gotten more than $10k on private sale, hahaha. As for the $8,000 off, that was fair, especially considering the high trade-in offer; even though the car is technically a 2015 model. I did attempt to haggle some more out of them but they straight up refused, since they were "already $2,500 in the red" on the car. I don't believe they made nothing on it, but either way, great for me. Hahaha.
As a side note, not sure what the packages are like in the USA, but in Canada, the Tech is the highest package available on 3.8L trims, and all models come standard equipment with AWD, including the 5.0L. So this car is the most decked out version of the 3.8L.

 

[spimusic]

I looked into leasing and I ended up buying... here is what I came away with...

The dealership is only interested in max money and selling the newest car... you won't get the lease deal you are looking for. The 2016 Genesis' are for 2015/2016/2017 Owners who come in to get serviced and need a loaner... I also hear from a mechanic that they are loaning genesis' to people that have other hyundai models... so for your scenario, its not going to get cheaper. 2016s seem hard to find, which is why I went with the 2015. If you can find a 2015 genny... then you may find it in the $30-$40k range, and that should get you the monthly payments you are looking for...

btw.. I can't imagine having to give this car back in 3 years... they'll have to pry my foot off the pedal.. which is why I bought to own.

GL

 

[nickhc]

Deleted

 

[Jim Karns]

2015 w/ tech option package and 8 (that's right eight) miles on it. untitled MSRP was $49,200. Paid $36,200. Paramount motors Hickory, NC. It was worth the road trip.

 

[GenY]

Hi All!

I just purchased a white 2015 V8 for $36,000 in San Diego, CA. It's technically certified pre-owned with 400 miles on it but it feels brand new. Carfax shows it was purchased as a corporate fleet and we were told it was used as a model car at Hyundai Corporate in Fountain Valley. Warranty is in tact (but started December 2015 when the vehicle was originally titled).

Really happy with the purchase and excited to be part of the forum. I've been reading a lot of posts in the past few weeks and it seems like everyone here is great. This thread was especially helpful for negotiating prices.

Separately, as a PSA, if anyone is interested, I was able to get to a price of $37,500 for a 2015 V8 parisian gray Ultimate with 1000 miles on it that was also a Corporate Fleet vehicle. I almost pulled the trigger on this one but decided to go with the white (despite the ultimate). PM me if you want the dealer information for this.

 

[FTBoomer]

I leased my 2016 (with 2 packages, Not Ultimate but just below that. Signature I think ) in August and with $1000 down (included 1st months payment) my Lease is $459 tax included. Then outta the blue the other day I received a $3400 check from Hyundai Finance. Not sure if it was a rebate. Not asking but holding on to it in case they ask for it back

I was looking at a lease for a 2016 ultimate and the dealership is telling me they can't go lower than 520, even accounting for my credit (Tier 1, to them). They aren't giving me details, which is annoying, and are claiming that since there aren't a lot of 2016s left they don't have to give deals because people who want a discount to the 2017s will come for the 2016. I'm not so convinced.

520 for 36 months 12,000 and (assuming 55% residual and 0.00026 money factor, which another dealership told me) seems like they are not discounting the car much. KBB says a used 2016 with the same mileage would be about 40k. I didn't ask about flex-cash availability since they seemed obstinate, and I left.
I was hoping for a 420-450ish payment which would be about 100*36 = 3,600 cheaper than they are valuing the car now. I would have thought that's not too hard to swallow for them on a car that's been sitting on their lot for a year. THey keep saying that it's brand new, untitled etc..but I would imagine that the title doesn't matter. It's last year's car, even if the g80 has 95% similarity, and depreciation doesn't care that it is "new".

Any thoughts from you experts? I can't help but feel they're holding back, but it would be nice to know if I'm the unreasonable one =)

EDIT: also forgot to mention that it's a bit over the limit in mileage for leasing, so they claim it would be 'difficult' or they'd have to list the lease limit rather than the actual mileage as a beginning number. The differrence seems to be not too much, but I think that can also be ironed out somehow.

 

[zeez]

Hi All,

I'm back and might make a second shot this time at a 2015 used ultimate v6. It's at a non-hyundai dealer so I imagine it was a trade in. Based on the mileage and the options, KBB puts the trade-in value at 25 - 27,000 if it's in excellent condition. It's had two owners (including corporate fleet) and 22,000 miles or so. They're listing it at 34,000. I think that's a bit steep and want to get closer to 30k. I'm assuming they screwed the trade-in so 25K or less maybe, and they'd still be getting a hefty profit.. but of course I have no idea how much they're making on the car and there's no way for me to check the wholesale value of the car and no way to be sure they'll take a minor profit over an outlandish profit (I mean.. i doubt they paid 30k for it.. if they did, they made profit on whatever the trade-in guy bought).

thoughts? strategies? I'm planning on bringing up the trade-in value, teh corporate fleet use, 2 owners, lack of maint records in carfax, CarMax v8 ultimate selling for $35k etc as my evidence, but the truth is that these cars get listed for around $33-37k when they are listed on carmax/autotrader etc

EDIT: of course, I will want to do a pre-purchase inspection, too.. but the nearest hyundai dealership isn't that near. Also, the same dealer that has this car from a trade-in also has a hyundai dealership... i wonder if it's worth negotating cpo into the price or not even opening that door. This Serena contact someone else mentioned has quoted about $1,300 for HPP 0 deductible 10 years, so I figure that's probably as good.

 

[pinhunter]

Got my 2015 5.0 Ultimate in Atlanta a month ago (Sept 6th to be exact). Had 420 miles on it, and the Carfax showed that it was a corporate owned fleet car originally titled in Dec '14, but it looked like brand new. The original MSRP was $54,750.

I booked a $49 one-way plane ticket on Frontier, my salesman picked me up from the airport, and an hour or so later I was driving back to St. Louis with my new car for $38,500 out the door with 40 months of original warranty still left over (plus, they made it a CPO, not sure if that even adds anything though?).

I have access to Manheim Auction numbers and the V8 Ultimate's with <500 miles (mostly corporate owned cars) have been rolling through the Dallas auction at $34K (non Ultimate's around $31-31K) in the past month, so I feel like I got a good deal and the dealership made the profit they were looking for (~10% markup from wholesale).

I've been very happy with the purchase so far.

 

[zeez]

Hi All,

I went and saw the vehicle last night and went back and forth with the dealer. My issues that lead me to discounting are:

- some scratches on the paint and the driver door window frame/column
- only 1 key. (replacements can be $3 - 500 i think?)
- 2 previous owners, including corporate fleet
- forgot to raise this with them, but the front license plate area looks odd to me.. like maybe someone drilled holes for the plate. Hard to describe and I should have taken a photo. Wasn't sure it was normal
- It was a trade-in, so I assume they paid 25 - 27,000 for it.. I don't have even 0.01% belief they paid the NADA trade-in rate they showed me which is low 30s compared to their ask of 34,000. They are a large dealership chain and I'm sure theyr'e very good at not losing money.
- I'm going to have to get an extended warranty since the powertrain warranty gets shortened for second-hand Hyundai's.
- 2017s are out, so used 2016s are about to get discounted which will push 2015 used cars down. Really, I'm buying at an inflection point and I expect within two months there will be a drop in 2015 used prices.. I'm taking the depreciation risk (which, if they hold rather than sell they are taking)
- assuming 20% depreciation per year, a 50k car would now be worth 30k. Take out 22000 miles x $0.20/mile and you're at around 25k, which reinforced my belief they paid around that much.

I think 3 - 6k profit for them is plenty good for a very quick turnaround on this car they recently got.

Looking for input on whether I'm greedy or they are =) is 30-31k fair to them or am I being outlandish? Unless they are very very bad at what they do, they are making thousands.. IMO.