After struggling for a few months to try to get into an Ioniq 6, or settle for an Ioniq 5 that no local dealer seemed to want to sell at a decent price (I know it’s nuanced but I personally wouldn’t consider a discount under $5k on those - they are great cars don’t get me wrong but we all know they don’t sell well and if they don’t sell the price is wrong.).
After "branching out " and trying another E-GMP car I fell in love with the GV60 - it is MUCH quieter than the Ioniqs (active noise cancellation you can only hear the wind/road over 65mph, and the sound generator below 25mph), it drives better than the 5 (turning radius still meh, but as a smaller car it’s easier to maneuver), and the Performance model gives you a “baby Ioniq 5N” feature list without compromising on the luxury - which felt ideal for my first EV especially after I saw how neglected those cars were, I mean, Genesis is giving $20000 off this top of the line model!
So… as I was motivated to either get rid of my previous Sonata lease that went well over the allotted mileage or just buy it and accept the bath of negative equity for a few years I decided to go around the region (MA dealers are lazy because of MOR-EV so they don’t discount more because they hope the state will sell the car for them, and if the rebate is pocketable, I’m not letting a dealer get my rebate - though for this particular car it wouldn’t apply anyway…) and was not disappointed!
Some local dealers were giving me great offers until they saw the mileage and the lease agreement on the Sonata, then prices ballooned and they thought they had the upper hand - fair enough but my leverage was the fact that “the competition” was just exercising my purchase option and keeping the Sonata for $400/mo regardless of miles or equity, which doesn’t give them a sale they need.
After checking most of New England within reasonable driving distance, and emailing dealers to see who would play ball and not have me drive 3 hours only to tell me “Well, with your negative equity this Ioniq 6 is $700/mo with $3000 down” I finally found a Genesis dealer in CT that had a demo/loaner in stock they were motivated to move.
After going back and forth in what I wanted vs what THEY wanted we agreed on the price, and ~5 hours of driving later and paperwork, I solved my car situation and am very pleased with my decision to get the Genesis. SUV is not my favorite body type in a car, but all things considered if I were to get the Ioniq 6 Limited nobody wanted to sell me at a decent price, I’d be looking at mid 600s a month and Genesis gives me free EA charging for the life of the lease (3 years) and the payment is cheaper, and the seats are real leather, more power on the motors, WIRELESS Carplay/Android Auto, etc etc etc…
With this being a one-off type deal, no reason for me to share the dealer here.
Thanks! The Sonata was traded in and made sure all negative equity was rolled into the lease for that monthly payment after all said and done. They were wondering if grounding would be more cost effective but after looking at the mileage we all agreed that it wasn’t.
Zero! Just trying to get the hang of the ev and then play around later, on the drive home I accidentally changed from comfort mode to sport and the accelerator got VERY sensitive, if I go to a proper sport+boost I need to be 200% sure there won’t be any cops for the next 2 miles lol
congrats! dm me if interested in track day. i felt 5N and EV6 did well on track. GV60 performance may be a little squishier around corners but boosting out of them should be fun.
I’ll consider that offer but I’ll wait till spring/summer, if it wasn’t for a few things outside my control I would’ve signed up for the Ioniq Guy’s track day to play around a little bit as they specified “up to highway speeds” lol
Negative equity was around ~$3500 as I was down to my last payment on the lease, grounding it would be a $6500 mileage overage, whatever wear and tear charges I would get thanks to my neighbor scratching the side of my car a few weeks after I got it back then and vanishing into thin air to not pay for the repairs (I polished it later and it’s not visible unless you search for it or use a detail light to make it more evident but… per contract they may charge me for that) and disposition fee… That said, I have not done a lease-end inspection to truly assess the financial damage as the mileage overage alone beat the negative equity by a lot.
21" are counter intuitive for range but I do love those rims, and with Electrify America free charging for 3 years do I really have to bother with 30 or so miles of range I’d get by shrinking to 19" wheels?
Tires though, that’s where they get you. I was used to sub-200 Michelin (OE) tires for the previous car and now these are 300+ each at Costco
Long story short, the car I got for myself ended up becoming the family car while the pandemic and car shortage and ridiculous markups raged on
Lesson learned and now that the miles are 25 cents each, and buying is not an option at residual - which. given the current market, I’m betting it’s well overestimated so if I still love it 3 years in, I may find it at the auction for probably half the residual or so - I’m the sole driver of that Genesis
It’s been great to me. Nice, comfortable ride. I did use the boost button… and it’s crazy! I was casually cruising at 60 and after I pressed it I reached 140 real quick before my 10 seconds were out lol - Sport mode is bonkers
The downside is the winter range, my full battery will give me 150-ish miles, and electrify America charging without preconditioning sucks. Lesson learned so now I just let the car do its thing for 30-40 minutes and then charge at up to 200kw. Also, the aluminum trim while very cool and luxurious… it also freezes unlike the real leather seats (and that’s how I knew they were real as synthetics would freeze too in this weather) so touching anything other than the leather surfaces hurts lol
Small stuff aside I’m loving it. HDA2 is no autopilot but I haven’t had any issues since I know what it does and what it doesn’t and I have zero expectation of the car driving itself from A - B, but it does lower fatigue a lot on long highway drives.
Just typing this out from work so if something doesn’t make much sense or you want to know more let me know!
