The Genesis GV70 stands out as a luxurious and high-performing compact SUV, known for its sleek design, advanced technology, and premium features. If you’re eyeing the Genesis GV70 but unsure how to secure the best deal, you’re in luck—we’ve got the top strategies for you.
1. Timing Is Everything
a. Buy at the End of the Month or Quarter
Dealerships often have sales targets to hit by the end of the month or quarter. Salespeople may be more inclined to offer discounts to meet these goals, making these times perfect for purchasing a vehicle.
b. Look for End-of-Year Sales
Dealerships typically offer substantial discounts at the end of the year to clear out current inventory and make room for new models. Sales events around Black Friday, Christmas, and New Year’s are excellent opportunities to find great deals.
c. Take Advantage of New Model Releases
When a new model year is released, previous models usually receive price cuts. With the 2024 Genesis GV70 coming out, keep an eye on dealerships discounting the 2023 models.
2. Explore Different Trim Levels and Options
The GV70 is available in various trim levels, each offering different features and price points. Higher-end trims come with more luxury features, but a lower trim might meet your needs just as well. Assess the features you truly need and choose a trim that fits your budget.
3. Consider Certified Pre-Owned
Buying a certified pre-owned (CPO) Genesis GV70 can be a smart way to save money while still getting a high-quality vehicle. CPO vehicles often come with extended warranties and have passed rigorous inspections, offering significant savings compared to new models.
4. Leverage Financing and Incentives
a. Manufacturer Incentives
Genesis frequently offers incentives such as cash rebates, low-interest financing, and lease deals. Check Genesis’ official website or visit local dealerships to stay informed about current promotions.
b. Dealership Financing Offers
Dealerships may have their own financing specials. Compare these offers with those from your bank or credit union to ensure you’re getting the best rate possible.
c. Zero Percent Financing
Zero percent financing deals are occasionally available, especially for buyers with excellent credit. These deals can save you a substantial amount in interest over the life of the loan.
5. Trade-In Your Current Vehicle
If you have a vehicle to trade in, use it as leverage during negotiations. Research your car’s trade-in value beforehand to ensure you’re getting a fair offer. Dealerships often offer more for a trade-in if it helps close the sale of a new car.
6. Shop Around and Negotiate
a. Obtain Multiple Quotes
Get quotes from multiple dealerships to compare prices. This can be done through online inquiries or by visiting dealerships in person. Having multiple quotes gives you leverage in negotiations.
b. Be Prepared to Walk Away
If you’re not satisfied with the deal being offered, don’t be afraid to walk away. Often, dealerships will come back with a better offer if they sense they might lose a sale.
c. Negotiate Add-Ons Separately
Dealerships often make significant profits on add-ons like extended warranties, maintenance packages, and accessories. Negotiate these separately to avoid inflating the overall cost of the vehicle.
7. Utilize Online Tools and Resources
a. Price Comparison Websites
Websites like TrueCar, Edmunds, and Kelley Blue Book provide tools to compare prices, read reviews, and see what others in your area have paid for similar vehicles.
b. Dealer Reviews
Read reviews of local dealerships to find those with a reputation for fair pricing and good customer service. A dealership with a strong reputation might be more willing to work with you on price.
8. Consider Leasing as an Alternative
If purchasing a new GV70 is outside your budget, consider leasing. Leasing often requires a lower down payment and lower monthly payments compared to buying. Just be mindful of the mileage limits and terms of the lease agreement.
Buy A Genesis GV70 Today!
Saving money on a Genesis GV70 in 2024 involves strategic timing, thorough research, and effective negotiation. By taking advantage of end-of-year sales, exploring different trim levels, considering certified pre-owned options, leveraging financing incentives, trading in your current vehicle, shopping around, and negotiating add-ons separately, you can maximize your savings. Remember to use online resources for price comparisons and dealership reviews, and consider leasing as an alternative to buying. With these tips, you’ll be well-equipped to get the best deal on your new GV70.
