Purchase a used 2016 Genesis - previously damaged?

[Velvetsmack]

Hi Guys/Gals;

Looking for opinions or others that have been through a similar scenario. I'm looking to purchase a used Genesis sedan (3.8 Tech) - The price is amazing, but it has been through an accident. Its being sold through a Used car lot (not Hyundai dealership) - and they were upfront right away on the accident. They can provide me with Carfax without issue
Here's what was told to me:
- It sustained damage to the right-front corner.
- total damage to fix was $20K Canadian - very high in my opinion
- No structural damage
- Full repair was completed by a Hyundai dealership/repair facility
- Reason cost was so high (This is the dealer speaking here) - is they replaced all the electronic sensors which are located in that area (Adaptive cruise control et al)

Some other facts:
- Original Owner continued to drive the car for another couple years - apparently he traded it in for a G80 (this could be a lie)
- The dealer is so confident that he asks that you take the car to a Hyundai dealership for an inspection.
- Apparently (will need to confirm) the remaining original warranty still applies. (bumper to bumper 5 yr)

I plan to keep the car for a long time. I'm very skeptical that while a problem may not show up immediately (as a result of the accident) there's higher risk that it will show up later.

Just looking for opinions or hopefully someone else that may have gone through the same scenario that could possibly offer some insight. AS it stands I'm more on the avoiding side of the fence than the opposite.

Thanks for any feedback.

Chris

 

[NLJ]

It all depends on how much they are asking for it.
$20k worth of repairs sounds a lot.

 

[Velvetsmack]

They're asking $22k cdn. 34k kilometres on the odo.. I think even with the high cost of electronics 20k damage is too much.

 

[NLJ]

They're asking $22k cdn. 34k kilometres on the odo.. I think even with the high cost of electronics 20k damage is too much.

Low km is good but could also be indicative of previous owner dumping right after the repairs.
Does the Carproof say when it was in a collision and how many km was on it?

 

[Genboy]

Although the price is decent for the mileage, it is still a risk forking out 22k for the Genesis and having the electronics that were fixed go wrong in couple years.

 

[STL_Genesis]

Just my 2 cents, but I would avoid this one. Why risk it? Might save a little money, but might also have issues that come up later. Not sure where you are located and what your timeline is, but you should be able to find what you what you want if you keep looking around. As an aside, I am finding a number of Genesis that seem to have been dealer demos or loans cars (at least that is what it looks like from what is reported on the CarFax). Personally, I would rather get a off lease or preowned car vs. one that has had a potential hard early life. Always a good Idea to get as much validated info as you can, CarFax is a good start.

 

[carguy75]

I personally would just walk away from that particular car due to its history. From experience, a car is never ever the same after a major accident hence the lower resale value on wrecked cars. However, if the body work was done correctly then the car could actually be better than new. But most of the time body shops use non-OEM parts and are not concerned with perfection. I would not risk it unless you know the repair work was done correctly.

 

[EdP]

Hi Guys/Gals;

Looking for opinions or others that have been through a similar scenario. I'm looking to purchase a used Genesis sedan (3.8 Tech) - The price is amazing, but it has been through an accident. Its being sold through a Used car lot (not Hyundai dealership) - and they were upfront right away on the accident. They can provide me with Carfax without issue
Here's what was told to me:
- It sustained damage to the right-front corner.
- total damage to fix was $20K Canadian - very high in my opinion
- No structural damage
- Full repair was completed by a Hyundai dealership/repair facility
Chris

The 20k CDN is about 15kUSD for comparison.
That is a fair amount of damage, but not unheard of with all the electronics. IMO, the key is how good was the body shop? A really good shop can assemble a car as good as factory new, but not every shop does.

For me to buy it, the price would have to be super good and yes, I'd have a Hyundai dealer inspect it. Check wheel alignment too. Before you make any decisions, at least look at body panel fit and the seams should be perfect. If not walk away at any price.

 

[Suburbazine]

If you seriously consider buying it, only do so on the condition that you can return it if it's found to be bent after you put it on a chassis rack for inspection. A super expensive hit like that is probably more than just electronics, they may have racked it for many hours as well to get it to look straight again. Average chassis rack is $150/hr + labor.

And being so cheap, it's also quite possible they know it's still bent and want to part ways with it as soon as possible.

 

[Hueydriver]

As far as the 5/60 warranty, I have heard (not confirmed) that the warranty is no longer in place if the car was in a major accident.

Call Hyundai and if ye, see if they put it in writing!

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[Velvetsmack]

Thanks for all the feedback everyone. I've decided against this purchase and will wait to see some lease returns to jump on one instead.

 

[Hueydriver]

As far as the 5/60 warranty, I have heard (not confirmed) that the warranty is no longer in place if the car was in a major accident.

Call Hyundai and if ye, see if they put it in writing!

I think you made the right decision!

 

[carguy75]

Thanks for all the feedback everyone. I've decided against this purchase and will wait to see some lease returns to jump on one instead.

Good call. These cars are priced too cheaply used with low miles to take a chance on a car that have been in an accident.

I am seeing 2015-2016 5.0 models being sold for about $25000 or less in my area with only about 20k-40k miles on them. These cars depreciate fast.

I may have a hard time trading up in the future unless I pay this car off first.

 

[Nikhil Malhotra]

Actually it depends on the type of damage and if its certified or not . The car you mention looks suspect , since the price is too low at 15K USD.

From your description it looks like the car was not a certified one . If its a CPO car and has damage , i would take it for a lower cost . After all its the manufacturer who's standing behind the car even if its damaged.

Example , i would not hesitate to buy this car .. .that has damage reported and is Hyundai CPO

 

[Velvetsmack]

So quick update. I've just purchased a 2015 Genesis 3.8 Luxury with only 26k kiometers on it, no accidents and in mint condition as it was an older gentleman who drove it. Picking it up on Saturday in Toronto. Pretty stoked to own one. Will be coming back often to this forum to talk about upgrades, tips and tricks and the like. First up when I pick it up is to add Android Auto upgrade.

 

[crunk]

I'd pass. On Saturday, I'm picking up a 2015 Genesis 5.0 with 43,000 miles for $14,000. It is in perfect condition but it has a rebuilt title. Owner showed me the damage from the auction (passenger door, passenger quarter panel, & two airbags), the receipts for OEM parts, and encouraged me to go to Hyundai for inspection when asked which is a good sign.

IMO, look for a better deal. If you're going to take a risk with a rebuilt title, you should definitely get the car for 30-50% less than similar clean title alternatives.

 

[Kon]

I'd pass. On Saturday, I'm picking up a 2015 Genesis 5.0 with 43,000 miles for $14,000. It is in perfect condition but it has a rebuilt title. Owner showed me the damage from the auction (passenger door, passenger quarter panel, & two airbags), the receipts for OEM parts, and encouraged me to go to Hyundai for inspection when asked which is a good sign.

IMO, look for a better deal. If you're going to take a risk with a rebuilt title, you should definitely get the car for 30-50% less than similar clean title alternatives.

The topic creator was not talking about a salvage vehicle. Pretty important distinction since his vehicle would come with a factory warranty whereas yours will most likely be voided by the rebuilt title.

And that car is either in perfect condition or it's $14k, but it's definitely not both. Don't forget the old saying: "If it sounds too good to be true, it is."

I wouldn't touch a rebuilt car with a thirty nine and a half foot pole unless they were offering a rock-solid warranty and some kind of buyback guarantee pending a detailed inspection and long-term test drive, plus I'd need to have all the paperwork reviewed by a lawyer to make sure they can't weasel their way out of all that.

 

[crunk]

The topic creator was not talking about a salvage vehicle. Pretty important distinction since his vehicle would come with a factory warranty whereas yours will most likely be voided by the rebuilt title.

And that car is either in perfect condition or it's $14k, but it's definitely not both. Don't forget the old saying: "If it sounds too good to be true, it is."

I wouldn't touch a rebuilt car with a thirty nine and a half foot pole unless they were offering a rock-solid warranty and some kind of buyback guarantee pending a detailed inspection and long-term test drive, plus I'd need to have all the paperwork reviewed by a lawyer to make sure they can't weasel their way out of all that.

Apologies, I thought the first car was in a major accident.

That is fair enough. Everyone is entitled to their own decision making process. Most people don't want rebuilt cars. I think you'd be surprised how many totaled cars get sold with clean titles.

 

[Jerrie86]

Hi Guys/Gals;

Looking for opinions or others that have been through a similar scenario. I'm looking to purchase a used Genesis sedan (3.8 Tech) - The price is amazing, but it has been through an accident. Its being sold through a Used car lot (not Hyundai dealership) - and they were upfront right away on the accident. They can provide me with Carfax without issue
Here's what was told to me:

• It sustained damage to the right-front corner.
• total damage to fix was $20K Canadian - very high in my opinion
• No structural damage
• Full repair was completed by a Hyundai dealership/repair facility
• Reason cost was so high (This is the dealer speaking here) - is they replaced all the electronic sensors which are located in that area (Adaptive cruise control et al)

Some other facts:

• Original Owner continued to drive the car for another couple years - apparently he traded it in for a G80 (this could be a lie)
• The dealer is so confident that he asks that you take the car to a Hyundai dealership for an inspection.
• Apparently (will need to confirm) the remaining original warranty still applies. (bumper to bumper 5 yr)

I plan to keep the car for a long time. I'm very skeptical that while a problem may not show up immediately (as a result of the accident) there's higher risk that it will show up later.

Just looking for opinions or hopefully someone else that may have gone through the same scenario that could possibly offer some insight. AS it stands I'm more on the avoiding side of the fence than the opposite.

Thanks for any feedback.

Chris

I would avoid it. Also, I am also looking for a car in Canada as well. I dont see it anywhere listed on the websites?
Was it through a local dealer?

 

[Velvetsmack]

I would avoid it. Also, I am also looking for a car in Canada as well. I dont see it anywhere listed on the websites?
Was it through a local dealer?

The original car I had been looking at is most-likely sold since it was over a month ago that I had found it. I've also since purchased another Genesis since that time from a dealership in Toronto.. Both cars were initially found on Autotrader.