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2016 Hyundai Genesis Ultimate

2016 Hyundai Genesis 👊🏻👊🏻 March 2016 Ultimate Edition 3.8 RWD Fully loaded http://KefferHyundai.com

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Lows:

Cons: Horrible residuals due to poor reception by brand snobs, and changeover from Hyundai Genesis to “Genesis” separate brand further devalued this model sharply. Poor Hyundai customer service. My iPhone has never worked right thru 4 models of IPhone , continuously disconnecting during connected playback. Bluetooth is ok but definite loss in sound quality. Issue diagnosed many hours of being serviced multiple times but never corrected nor Apple car play. Poor dealer training in servicing . Serviced with $15k Elantra’s and Optima’s and poor customer handling for this higher end segment. Korean company doesn’t seem to care about American customer feedback Brakes could be stronger for such a hefty car Low roofline creates cozy but cramped backseats and pass thru for trunk with large items. Traction control over zealous and cuts accelerative power ,which is dangerous trying to enter intersections. Highly underrated car Genesis added $4,500 in buying perks in 2017, as complimentary loaner, car pick up, free map updates, free service for 3 years , free Sirius XM 4 years, which further devalued 2015-2016 models which were same car. Very poor choice for creating loyalty of early buyers alienating them financially. 

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The car itself :
Pros: Beautiful exterior , paint has withstood all types of elements after 3 years 1/2 , and interior finishes are durable and luxury. Powerful v6 with 311 hp, and 295 ft lbs torque , 7 speed transmission. Tremendous technology was main swing in buying... such as HUD, adaptative cruise which works well, heated steering, seats and vented seats. Giant panoramic sunroof, rear powered sunshade . Auto hold at stoplight or during traffic allows you to move foot off of brake till moving again. Radio is excellent, and UI is nice with large rotary knob control Drive engineering is amazing for such a big car very competitive with BMW and Mercedes is responsiveness, quietness, and ease of driving Very smooth and HUD is useful feature that should be on all cars.

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1) The Hyundai Genesis Now Genesis G80 buying process was not that good and: Staff wasn’t properly trained in Luxury car buying segment at all. Assurance of Apple Car Play coming soon to it, only to discover the base radio received the retrofit but not the higher end Lexicon upgrade, which cost $1900 more. The residuals are NOT competitive for this segment when in fact they were quite poor in 2016 requiring a 48 month term to equalize VERY heavy depreciation. I purchased 5 other vehicles at approxmately $50-55k and exited my lease after 12-18 months (36 month terms) with maximum $1k hit. This car was severely upside down in Negative equity relative to all my cars from minute 1 to 850th day of leasership. Delivery was lengthy and unprofessional. I made a mistake in leasing length , and unproven economics on this car but it was a nice I.C.E car. Trade-in process went smooth but Dealer took almost 30 days to payoff trade , and I would have had to make a payment to avoid 30 day late on credit. Since No Genesis dealers are here yet almost 3 years later I have had to deal with low quality tactics like phishing emails to buy my car back at an aggressive price and postcards of the same with no follow-up substance. Typical clueless dealership. Would not buy again from this Hyundai Dealer due to poor execution, and Overall customer care.

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Recommendation:

Hyundai & Kia K900, Cadenza, Equus never sold very well, with K900 dwindling to 455 units sold in 2017 with a total of 5,000 in 4 years! For reference, Mercedes sold over 200,000 E class in the U.S. alone from 2014-2017. Tesla sold 50k model 3’s in 3rd quarter 2018 alone . The gas car outlook is dwindling as suv and electric start to dominate...and Hyundai invested heavily in Hydrogen cell technology. ~Similar to the Kia Stinger shortfalls. Great car yet massive depreciation after purchase with the resale value at 55% after 2 years. Buy certified pre-owned after year 1 or more will be a better purchase or if aggressive 36 month lease is offered , go that route. Kia’s new Stinger model was offered with a $6,500 discount immediately after release, and back in July again. Since most Hyundai’s are leased for cheap, the subsequent buyer may receive a highly abused car and the perception is that these cars are throwaways after a few years relative to established more desirable peacocking brands. The sweetspot: You can purchase a preowned Genesis with low miles for $35k or less!

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