Howzat
I'd Rather Be At The Hideaway
$40k doesn't buy you as much as it once did. The price of new cars in general right now astounds me.
The Car Shopping Thread
$40k doesn't buy you as much as it once did. The price of new cars in general right now astounds me.
Wake
Active member
Have you spent much time in the Genesis sedan? It is definitely a 40K car. I know the nameplate doesn't say it, but the car itself with any other name plate would be more IMO.
I guess my corporate discounts keep me happy but 40k is Acura TLX, Infiniti Q40/50, Nissan Maxima, Lexus IS, and that gets your a Taurus SHO. I would think I'd take any of those over a Hyundai.
Sanzabar
Oh So Colt!
I'd bet you haven't spent time with the Genesis or the Equus. Go take a look at them and then get back to me if you will take a TLX, Maxima, etc. over them.
Wake
Active member
It's a much different level of a car than those cars. If you want a direct comparison you would more compar it to the RLX, or GS. It is a very different car form the Maxima or SHO.
Edit: It's not what I would buy for 40K ( I bought a 3 series), but if you value what it offers it is an absolute steal. The only downside to it at that price is the namplate IMO
I have the genesis granted its the older body style friend had the 3.6 or whatever it was. Equus I have not. I remember the Azera wasn't that great. Like I said earlier maybe its just me but 40k for a Hyundai seems odd. I guess I should look at the newest stuff. He did trade it on another Hyundai not sure which so I guess he likes them.
Wouldnt the Genesis be with the TLX and the Equus with the RLX Wake? Thats why I compared them. I'd think the Genesis, Q series from Inifiniti, and the TLX would be same class. Kind of mid upscale midsize.
ATLGolfer
#ATLClive75
They apparently really bumped up the interior quality when they increased the price. I'll report back after I test drive it.
I've seen the exterior in person - it's a sharp looking car. Agree on the price though.
ATLGolfer
#ATLClive75
Also how is resale on Hyundai? I mean you spend 40k because they have upgraded but still with that nameplate and a lot of peoples perception how hard does your resale value take a hit. I am not trying to bash the cars at all I am just trying to wrap my head around a 40k car from Kia/Hyundai as opposed to Acura, Infiniti, and other brands.
I'm on my second Hyundai (Elantra now Sonata), and the dealership gave me a Genesis to drive around for a couple days last summer, and I just didn't understand the allure at that price point. After driving one for like 13 years now, I guess I am tired of the brand and ready to try something different.
I work across the street from a Hyundai dealership and I'll agree, very good looking both inside and out.
Sent from my iPhone using Tapatalk
Speedliner
Active member
The Car Shopping Thread
I lease all of my cars except for the "weekend cars" that aren't driven much. It's financially superior to buying unless you hold a new car for a long time - 9-years or more.
When you do your comparisons be sure to include the cost of maintenance, new tires, brakes, a significant repair or two. Those are all costs of ownership of a car long-term. In most states you only pay sales tax on the cost of the lease, not the entire price of the entire car. That washes out long term, just make sure you get that right when you're comparing.
The other thing few people do is consider the cost of having money tied up in a car. Let's say you put $10k down on a car. That $10k is lost to you forever. If you were to invest instead it could be worth a lot of money to you one day. Quick example...stock market's historical avg return is 12%. If your 35 and expect to retire at 65, your $10k will be worth $320k at retirement age. Not kidding.
As others mentioned, there are good and bad deals in leasing just as in buying. Much of a good lease is made by OEM incentives, so watch the Sunday adds, etc... Another example...my wife drives a loaded Mercedes GLK for the same lease cost as a Mini Countryman, and $100 less than a Lincoln MKX. Right now you could possible lease a Mercedes C300 for less than a Genesis. It's all about the car's residual value and incentives in place at any given time.
If you lease a BMW or Volvo you never pay for maintenance . All is included and if you need a repair its covered under warranty and you get a free loaner for the day. Do your monthly payment is likely to be your only expense ever...accidents excepted. Free roadside assistance, free loader, predictable expense all has value.
All factors in the decision.
Buying used is a better financial outcome than buying new. Buying a new car and trading it in every few years is the worst thing to do financially.
The new Genesis is beautiful. Pictures don't do it justice, but in person, in the right colors , it's awesome.
One thing...if you go with a lease, watch the fees. OEMs add some inception fees and in some cases return fees. With M-B for instance, they write in a $600 fee upon return that is waived if you get another M-B, but charged if you don't. Dealers can strike them, so negotiate them out.
I lease all of my cars except for the "weekend cars" that aren't driven much. It's financially superior to buying unless you hold a new car for a long time - 9-years or more.
When you do your comparisons be sure to include the cost of maintenance, new tires, brakes, a significant repair or two. Those are all costs of ownership of a car long-term. In most states you only pay sales tax on the cost of the lease, not the entire price of the entire car. That washes out long term, just make sure you get that right when you're comparing.
The other thing few people do is consider the cost of having money tied up in a car. Let's say you put $10k down on a car. That $10k is lost to you forever. If you were to invest instead it could be worth a lot of money to you one day. Quick example...stock market's historical avg return is 12%. If your 35 and expect to retire at 65, your $10k will be worth $320k at retirement age. Not kidding.
As others mentioned, there are good and bad deals in leasing just as in buying. Much of a good lease is made by OEM incentives, so watch the Sunday adds, etc... Another example...my wife drives a loaded Mercedes GLK for the same lease cost as a Mini Countryman, and $100 less than a Lincoln MKX. Right now you could possible lease a Mercedes C300 for less than a Genesis. It's all about the car's residual value and incentives in place at any given time.
If you lease a BMW or Volvo you never pay for maintenance . All is included and if you need a repair its covered under warranty and you get a free loaner for the day. Do your monthly payment is likely to be your only expense ever...accidents excepted. Free roadside assistance, free loader, predictable expense all has value.
All factors in the decision.
Buying used is a better financial outcome than buying new. Buying a new car and trading it in every few years is the worst thing to do financially.
The new Genesis is beautiful. Pictures don't do it justice, but in person, in the right colors , it's awesome.
One thing...if you go with a lease, watch the fees. OEMs add some inception fees and in some cases return fees. With M-B for instance, they write in a $600 fee upon return that is waived if you get another M-B, but charged if you don't. Dealers can strike them, so negotiate them out.
I never thought of a lease but it does make sense. I am not planning on keeping my current car and with my new comute of 1.1 miles each way mileage should not be an issue. Hmm now you have me thinking.
Speedliner
Active member
The Car Shopping Thread
Leases can be tuned to mileage. If you drive that little, make sure your lease is tuned accordingly. Minimum might be something like 8k/year which will save you a good bit over say 15k miles/year.
Not your situation, but there is a point where driving a lot of miles makes a lease less attractive. I've never hit it, but it exists.
Leases can be tuned to mileage. If you drive that little, make sure your lease is tuned accordingly. Minimum might be something like 8k/year which will save you a good bit over say 15k miles/year.
Not your situation, but there is a point where driving a lot of miles makes a lease less attractive. I've never hit it, but it exists.
Brother in law hit it with his Acura Integra years ago. Those monthly trips from FL to NC killed him cost him a ton on turn in but that was his fault. Not really my brother in law but married my best friend growing up and she is like my sister.
greggdrews
Active member
I cant recall if the 99-00 wranglers and grand cherokees shared the exact same heads in the 4.0 but for a period of time the grand cherokee had casting issues and a crack would appear between the 3&4cyl. At some point in 2000 they changed the casting and fixed that.
Billygoat
New member
Congrats on the R purchase!!! I was concerned about it being too small for me being that I had never sat in a Golf before and while they didn't bring an R to the car show in my city, I sat in a GTI. Unfortunately, the seat bolsters were too narrow for me to be comfortable in it. Not the best car for a large man. I did however fit nicely in the Audi S3 seat. That one just shot to the top of my list. I've read/watched a number of reviews on it now where the reviewers preferred the S3 to the CLA45 AMG. The power in the Golf R/Audi S3's engine is available much earlier in the rev range than the CLA45.
The Infiniti Q50 Hybrid was also impressive in person. So much awesome tech crammed into that one including 2 LCDs. The hybrid Q50 makes something like 360hp and a ton of torque.
golfinFF
Active member
Looking at Rav4's for the wife purchase towards mid summer is the plan. Finding something with comparable trunk/cargo space seems to be the issue.
We will buy since we do the hand me down car thing, so I'll take over the 09 corolla and then the RAV4 when she upgrades it.
We will buy since we do the hand me down car thing, so I'll take over the 09 corolla and then the RAV4 when she upgrades it.
Mark_UK
Legal Alien
The Genesis Coupé is a fantastic looking car! The 4 door, not so much, IMO.
Don't sleep on the Mazda CX-5. I absolutely love mine.
Yiu think it would be a good car for a 16 year old? I have to start deciding on what to get my daughter?
The Car Shopping Thread
It drives well, it's not overpowered and it's comfortable. I shopped the Escape, CR-V, Rogue, RAV4 and it was the best all around vehicle.
Mazda also has a slightly smaller CX-3 coming to compete with the Soul and the Juke I would consider depending on your time frame.
It drives well, it's not overpowered and it's comfortable. I shopped the Escape, CR-V, Rogue, RAV4 and it was the best all around vehicle.
Mazda also has a slightly smaller CX-3 coming to compete with the Soul and the Juke I would consider depending on your time frame.
That sounds good for her. I will check it out. I already told her no on a convertible bug lol
What Infiniti did you have? I went from an '08 G37S to a Sonata last spring because I couldn't go anywhere in the snow (not your problem in ATL though). I haven't had any issues driving the Hyundai so far, but it is definitely different!