You bought it new and drove it. Price dropped.
You want to trade it in. Trade in values are always lower than a selling price.

Why are you trying to trade in a brand new car?

 

Well it is not a brand new car anymore. The dealer needs to make their money on it and they are selling it as a used car now. The 25k range seems like a pretty normal trade-in price for a car that they will try to get around 28-30k after negotiations for.

 

I'm pretty sure that I've never encountered a car that didn't depreciate, at least 20%, the moment it was driven off the lot.
It also sounds as if you may still be a little bit inexperienced when negotiating a car transaction involving a trade. My fingers, and keyboard, would be worn out long before I could explain even half of what I've learned, over the years, as to how a large transaction negotiation is to be handled.

 

Well the problem is you paid MSRP. I paid approximatly $500 under invoice on my brand new 2013 last year. Invoice on a 2013 3.8 Track is $31,849 (this price includes destination and assumes a manual transmission). Your target price was probably right around there. Not $34K.

So it looks like you overpaid. And once you drive the car off the lot you typically lose a big chunk of the value right away depending on the make/model/supply and demand.

You may want to try selling it yourself. You can probably get closer to $28K if you can find a buyer.

 

The reason why I was so shocked was back before I got my R32, I bought a new VW Rabbit. Well when I learned of the R32's existence I had to have it. That said, I only had my Rabbit less than a year and when I went to trade it in I got fully what I owed on it and that was with putting no money down initially. I was in a zero negative equity situation. Not the story with this Hyundai. I expected some loss but not $8,000.

Also it's an automatic.

 

Im sure they gave you more since you were staying VW. If you were to trade for a different Hyundai, I bet theyd give you more. I never was a fan of the R32 honestly, keep the gen!

 

Yes, I had a lemon VW Jetta that I made the mistake of leasing, and less than 2 years into my 3 year lease, the only way I was not going to lose my shirt on the Jetta was to buy or lease another VW...

I passed...

 

I agree genesis has looks over the R32. But a car's looks comes second to me. My primary concern is how the car drives versus looks. I live in the back country with a lot of twisty roads on my way to work and the Genesis could never ever keep up, unless; and only when the road straightened out. The Genesis feels like a boat going into and around a turn compared to the R. Also the 2008 R32 I had was a 6 cylinder AWD limited to 5,000 produced. I suppose the hyundai is more a straight line car. I'm not bashing the car but I'm just realizing I may have just been a little too impulsive when I bought it.

Btw, I test drove a few G37s and I give the genesis the win in comparison. But only to driving characteristics not Build quality.

 

I agree genesis has looks over the R32. But how a car's looks comes second to me. My primary concern is how the car drives versus looks. I live in the back country with a lot of twisty roads on my way to work and the Genesis could never ever keep up, unless; and only when the road straightened out. The Genesis feels like a boat going into a turn compared to to the R. Also the 2008 R32 I had was a 6 cylinder AWD. I suppose the hyundai is more a straight line car. I'm not bashing the car but I'm just realizing I may have just been a little too impulsive when I bought it.

Btw, I test drove a few G37s and I give the genesis the win in comparison. But only to driving characteristics not Build quality.

Well, take the loss and get something you're happy with.

I have been very happy with this car and did a good bit of research before hand to get a good idea of what I'm getting into. No regrets!

 

Absolutely unfamiliar with the R, but I agree with Pangalicious.

Wouldn't a complete suspension replacement be cheaper than taking that kind of a hit? That said, I'm not aware of any full kits, so could be wrong.

No solution to the build quality you cite or interior. I have no complaints about my interior at all.

 

You want residual value? Get a Honda. My '08 Civic 4-door only cost the guy I bought it from about $2k for a little over a year and 9800 miles. It could have been less had he been a less honorable guy and stiffed me after I left a grand deposit. He had offers for almost what he paid for it, but kept his word and sold it to me. When we were looking, I was seeing low-mileage, pre-owned Tracks last January, when we were looking, for not much less than what we paid for new.

Lyle

 

Yup, but OP paid MSRP and got, well, he's paying for it now.

 

How would a FWD car be better in corners than a RWD sports car?

 

The R32 is AWD. The R32 is pretty much the pinnacle of what VW has to offer. With a few mods, the R32 can outrun anything on the road.

But I hate the looks. I like the exterior and interior of our cars better.

 

I'm not a reckless driver. I'm sorry if my comment came off as harsh, I didn't intend to sound mean. Many of the suspension components are watered down to suit the masses, but throw a bigger sway bar on there, drop it a little, and mess with the alignment and it's gold. I'm sorry the GC isn't for you, man. I hope you can sell it ok

 

PM sent

 

Trading in a car you just bought new after a few months? Dealers love your type. Buying a new car is rarely an investment.

 

Did you actually test drive this car before you bought it? It seems you were looking for a totally different car than what you bought.

 

Just because of I am working in money world, I drive up to warranty expires, then trade to new or used car. If you think you lost over 5k, no matter make/model/miles, keep it til to close to warranty expire. No matter when you sell it, that gap would not change. No up and no down unless accident happens.

 

OP, I would suggest waiting 6 months to a year for the new platform to be released. The next gen GTI is suppose to be night and day better than the last one. Motortrend said it was more agile, quicker, and even more refined, making other cars in its class look relatively old fashioned and a step below on quality.

Personally I can't wait for the cars to hit dealerships as I absolutely loved how the previous generation drove.

And all those knocking vw fpr their reliability, just search the forums. take five minutes and use that search feature, although hyundai has gotten better overall the gen coupe has shown some old hyundai as far as reliability and build quality, sorta barking up your own tree.

I haven't had an issue so far knock on wood, but I know people with GTIs that have had them for over 100k without issue, just hit and miss as much as the gen is.

As for performance the gen coupe does have the higher cieling and can lap the golf r and gti on a course all things being equal, but the gti is more confidence inspiring and easier to push to its limit, so it would not surprise me if there were golf r lapping others driving the genesis coupe. It takes some getting used to to really push the limits of the platform bc of the suspension and the way the car reacts near its limits.


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They sound promising. That said, it is my understanding all North American GTI models will be built in Mexico. There is no chance in hades I would recommend buying a significantly new model of a car that is being built in a new plant in Mexico for at least a few years to work through the issues.

As for reliability I can only go off experience. I had two VW's and this is my first Hyundai. The Hyundai has been rock solid so far. The VW's were not for me. Granted I bought VW's when it seems they were hitting the bottom of the barrel for reliability, but it made me gun shy. Especially the arrogance of their dealers when I used to live in Northern VA.

 

 

Nice to see the chart.

 

Considering the loss you will take on this...why not try a few suspension upgrades first?

 

The statistics mean that every car is pretty much guaranteed to have one problem.

 

this is funny. I want through this same dilemma a month ago but in the reverse. I really wanted a track but purchased a different car(ralliart). If you really want the VW I say go get it and take the hit. If you don't it will eat at you everyday you stare at your car and your not happy. Fortunately for me my car only depreciated $2500 from what I bought it at and I got such a good deal on the track I overlooked it. I bought a 2013 track with 13k miles for 26k so you had to figure they purchased it for 22-24k. I think you are getting fair offers for your trade in. What you need to do is find a few dealerships in the same area with the same car and have them bid against each other to bring up your trade up and bring down the price of the new car.

In case you are thinking of keeping the GC I would also say this is a great move as well. Some things to consider before trading it: I know nothing about the r but I went from an AWD inline 4 and was bored. Ya it can take a corner hella fast but how often do you get to do that? Most of the time you driving legal speed and its nice rather to have those moments of low end power and get the ass out around corners, which to me is more fun. Plus you really cant beat the looks of the GC, to me this is a big factor and makes me happy to see it everyday.

 

Which car did you come from with an inline-4 with awd?

 

Sorry for the low blow. you know how dealers are, always trying to make that $$

 

When I hear inline, I think inline with driveshaft rather than a transverse mount.

Correct me if I'm wrong though :-/

 

When I hear inline, first thing that comes to mind is that the cylinders are lined up in a straight line.

Inline-4: Four cylinders in a straight line.
V6: Cylinders laid out in a V shape with three cylinders on each side.
Inline-6: Six cylinders in a straight line.

 

yup, this is what I am referring to with inline. It was a 2012 Lancer Ralliart...boring. lol, seriously though if your ever considering the ralliart you should just pony up and get the evo. they are so far different no matter how someone sells it.

 

Yup same here, that's why I was curious as to what car had this layout.