First Impressions on My Dad's Genesis GV80
01-02-21, 03:32 PM
#31
Lexus Fanatic
But you don't have to buy a loaded one for it to be comparable to a Platinum Explorer.
01-02-21, 03:56 PM
#32
Lexus Fanatic
I agree. I'm sure Hyundai/Genesis corporate knows what needs to been done to improve the dealership and buying experience and it's got to be frustrating that the current Genesis dealership network is all over the place. It will be interesting to see what happens and if the dealers and Genesis brand can work together better.
And rich people who buy expensive stuff will absolutely buy a product if it is good enough
I just don’t see the brand taking off
01-02-21, 04:02 PM
#33
Lexus Fanatic
Watching all the reviews...the powertrains are still behind compared to all of the establishment
01-02-21, 04:03 PM
#34
Lexus Fanatic
Hyundai definitely knows this. But if there are investors out there, then franchises would be sold. 6 years the brand has been standalone...at some point the brand will lose its ability to take off....
And rich people who buy expensive stuff will absolutely buy a product if it is good enough
I just don’t see the brand taking off
And rich people who buy expensive stuff will absolutely buy a product if it is good enough
I just don’t see the brand taking off
01-02-21, 07:13 PM
#36
Lexus Test Driver
I love how people are still pretending that nobody would be looking at the GV80 at a time when dealers can't keep them stocked even at $10K above the MSRP. Buyers aren't ignorant badge suckers as some would hope they are.
01-02-21, 08:13 PM
#37
Lexus Fanatic
iTrader: (20)
You can probably get some of the $60K German buyers to convert (me included), the $80K+ you will probably not. On most German brands, you're not getting nearly as much most of the tie. The dealership experience, however, needs to be equivalent - if not better.
As many here have probably experienced, there is a big difference in walking into a "luxury" dealer vs others a lot of times. It goes beyond just the aesthetics though, and until Genesis/Hyundai figures that part out, it may be difficult to seriously compete for that $60K+ buyer.
I know I would not want to shop for Lexus at a Toyota dealer and have that experience... That said, some of my recent Lexus dealership experiences haven't been great...
As many here have probably experienced, there is a big difference in walking into a "luxury" dealer vs others a lot of times. It goes beyond just the aesthetics though, and until Genesis/Hyundai figures that part out, it may be difficult to seriously compete for that $60K+ buyer.
I know I would not want to shop for Lexus at a Toyota dealer and have that experience... That said, some of my recent Lexus dealership experiences haven't been great...
the couple i saw buy a GV80 right under my nose at the local hyundai dealership also own a bentley and other luxury cars. dealer didn't matter to them in the slightest. and they traded in a G90 on the GV80.
of course those are just a couple of anecdotes... i agree with everyone here that genesis will need a better dealer experience and i have no doubt genesis corp is well aware of it. They got off to a rocky start, then re-signed all the dealers who wanted to sell genesis with a separate agreement, so now they can pick and choose who they want and what they will require them to do. I expect genesis to innovate here also.
I just don’t see the brand taking off
while buyers like steve (SW17LS) like having a close personal relationship with lexus and now mercedes dealers, i'm ok communicating with them once a year at most and ideally never setting foot in one for sales or service.
01-02-21, 08:41 PM
#38
Lexus Test Driver
With the limited supply, I don't think it matters where the buyers are coming from. Whether buyers care about the dealership experience purchasing the GV80 is irrelevant at the moment given the current demand. What we know is that most of the sales (based on preorders) are for the top trims with the V6, and people don't mind paying the extra markups for them. The car has been out for a month out and yet supply still remains pretty low. From Hyundai's perspective, like the Telluride and Palisade, the GV80 is doing very well because the demand exceeds their production capacity. The question is whether they have the ability to ramp up production to match that demand. Any dealership upgrades will be pointless if they can't make enough of the product to sell.
01-02-21, 09:15 PM
#39
I just bought a $100K lexus without setting foot in a dealer and my nearest dealer is about 90mi. away.
the couple i saw buy a GV80 right under my nose at the local hyundai dealership also own a bentley and other luxury cars. dealer didn't matter to them in the slightest. and they traded in a G90 on the GV80.
of course those are just a couple of anecdotes... i agree with everyone here that genesis will need a better dealer experience and i have no doubt genesis corp is well aware of it.
the couple i saw buy a GV80 right under my nose at the local hyundai dealership also own a bentley and other luxury cars. dealer didn't matter to them in the slightest. and they traded in a G90 on the GV80.
of course those are just a couple of anecdotes... i agree with everyone here that genesis will need a better dealer experience and i have no doubt genesis corp is well aware of it.
I was curious about inventory levels near me for the GV80 and it looks like there are 27 available at the three nearest dealers; 16 3.5s and 11 2.5s. Interestingly, none of the dealers are showing mark-up in their online pricing.
01-02-21, 09:22 PM
#40
Lexus Test Driver
You should compare that number to how many RX's, MDX's, X5's, GLE's, etc. are available in the same distance. Guarantee you that each one will have 3-5 times more inventory compared to the GV80.
01-02-21, 09:36 PM
#41
My point wasn't to suggest that 27 is a lot - I was just stating what's available in my market and the mix. Also, that I'm a little surprised they aren't showing any mark-up. I know the Telluride certainly is still being marked-up $5-7K in most cases.
01-02-21, 09:43 PM
#42
Lexus Fanatic
01-02-21, 10:38 PM
#43
Genesis offered an intro lease deal:
https://www.carsdirect.com/deals-art...nth-lease-deal
Genesis' first luxury SUV may be arriving late to the party but a handful of deals may get shoppers' attention. Although the brand hasn't started advertising offers yet for the 2021 GV80, a dealer incentive bulletin has given us a sneak peek at specials like a $589/month lease deal and low-interest financing for up to 72 months.According to a letter sent to dealers yesterday, Genesis will begin offering GV80 incentives next week on November 3. Those looking to buy will find 1.9% APR for up to 60 months, with a 72-month option at 2.5%. With a $50,000 SUV, a 5-year loan at 1.9% potentially saves just over $4,100 in interest versus a loan at 5%.
You can also lease a GV80 from $589 for 36 months with $5,499 due at signing. That's based on an MSRP of $49,925, 10,000 miles per year, and equates to an effective cost of $742/month. To put that into perspective, that's over $100 (per month) less than current offers on the 2021 Mercedes-Benz GLE350 ($844).
Those looking for more performance may find the optional 3.5T engine a better deal because it offers $1,000 in lease cash that you can't get with the 2.5T. The bigger engine also has a slightly lower interest rate equivalent to 4.1% APR (vs. 4.5%). You can lease one from $699/month with $5,499 due at signing.
So is the GV80 a good deal? That depends. Although it certainly isn't a cheap lease, it does substantially undercut competitors. Still, the lack of rebates could be disappointing considering BMW is offering up to $3,000 in incentives plus 0.9% financing on all remaining 2020 X5s as part of a model-year-end sale event.
Still, we think these are solid introductory offers. The 3.5T clearly offers a slight advantage with the extra $1,000 in lease cash on the base version and $750 in the case of the 3.5T Advanced. What remains to be seen is whether or not Genesis will introduce a loyalty discount or a conquest bonus for switching brands.
Interestingly, GV80 leases will start $50/month higher than the restyled 2021 G80 sedan. The G80 is listed at $539 for 36 months with the same amount at signing. That said, a closer look reveals that G80 leases will offer anywhere from $750 to as much as $2,250 in lease cash on some styles to help drive down the cost.
When the GV80 arrives this fall, it'll have some catching up to do. While it was one of our most-anticipated summer debuts, the SUV was delayed due to the pandemic. It will also face competitors with better deals. For example, 2020 Lincoln Aviators feature rates as low as 0% APR plus up to $3,000 here in California.
Offers for the GV80 will end on January 4, 2021. Stay tuned for possible changes for Black Friday.
You can also lease a GV80 from $589 for 36 months with $5,499 due at signing. That's based on an MSRP of $49,925, 10,000 miles per year, and equates to an effective cost of $742/month. To put that into perspective, that's over $100 (per month) less than current offers on the 2021 Mercedes-Benz GLE350 ($844).
Those looking for more performance may find the optional 3.5T engine a better deal because it offers $1,000 in lease cash that you can't get with the 2.5T. The bigger engine also has a slightly lower interest rate equivalent to 4.1% APR (vs. 4.5%). You can lease one from $699/month with $5,499 due at signing.
So is the GV80 a good deal? That depends. Although it certainly isn't a cheap lease, it does substantially undercut competitors. Still, the lack of rebates could be disappointing considering BMW is offering up to $3,000 in incentives plus 0.9% financing on all remaining 2020 X5s as part of a model-year-end sale event.
Still, we think these are solid introductory offers. The 3.5T clearly offers a slight advantage with the extra $1,000 in lease cash on the base version and $750 in the case of the 3.5T Advanced. What remains to be seen is whether or not Genesis will introduce a loyalty discount or a conquest bonus for switching brands.
Interestingly, GV80 leases will start $50/month higher than the restyled 2021 G80 sedan. The G80 is listed at $539 for 36 months with the same amount at signing. That said, a closer look reveals that G80 leases will offer anywhere from $750 to as much as $2,250 in lease cash on some styles to help drive down the cost.
When the GV80 arrives this fall, it'll have some catching up to do. While it was one of our most-anticipated summer debuts, the SUV was delayed due to the pandemic. It will also face competitors with better deals. For example, 2020 Lincoln Aviators feature rates as low as 0% APR plus up to $3,000 here in California.
Offers for the GV80 will end on January 4, 2021. Stay tuned for possible changes for Black Friday.
01-03-21, 03:11 AM
#44
Lexus Test Driver
3-5x? Yeah, any single dealer may have 3-5x that amount of those cars in my area (Bay Area/Silicon Valley)... haha I'm not going to check, but I'd guess if I were to check dealers in the same three locations as those Genesis dealers, I'd find more like 7-10x of the models you mentioned.
My point wasn't to suggest that 27 is a lot - I was just stating what's available in my market and the mix. Also, that I'm a little surprised they aren't showing any mark-up. I know the Telluride certainly is still being marked-up $5-7K in most cases.
My point wasn't to suggest that 27 is a lot - I was just stating what's available in my market and the mix. Also, that I'm a little surprised they aren't showing any mark-up. I know the Telluride certainly is still being marked-up $5-7K in most cases.
Right now, there's almost as many G80s listed nationally as GV80s despite the fact that the amount of G80s exported here is only around half the GV80- and the G80 didn't hit dealerships until weeks later. Goes to show just how quickly the GV80 is moving units compared to its sedan counterpart.
https://motorillustrated.com/genesis...nd-gv80/66945/
Last edited by Motorola; 01-03-21 at 03:28 AM.
01-03-21, 08:50 AM
#45
Lexus Champion
But you are missing my point. If someone is going to spend $60K+ on an Explorer Platinum, then they may be considering moving up another class. I haven't priced out these vehicles, but my bet is that a comparably equipped GV80 is going to be priced between the Explorer and Aviator.