Luxury EV – Ewing VinFast of Plano

Well, folks, it’s that time again where we dive in and take a look at a rival of the new and hot VinFast VF8. This time we are going through the 2024 Genesis GV60. Does it have any secrets that it doesn’t want us to know? Like the VF8, it too is a brand new, first-generation electric vehicle.

The Genesis GV60 Is Welcomed to the Ring

The Genesis GV60 comes in four different flavors, including Standard RWD, Standard AWD, Advanced AWD, and Performance AWD. The Standard RWD car features a single rear-mounted motor with 225 horsepower and 258 lb-ft, with an estimated range of 294 miles. The Standard AWD has dual motors that produce 314 horsepower and 446 lb-ft of torque and can drive up to 264 miles. The Advanced AWD trim can drive 248 miles and has the same exact power and torque as the Standard AWD GV60. Finally, there is the Performance AWD that has 429 horsepower and 516 lb-ft of torque with an estimated range of 235 miles. The GV60 can only tow 2,000 pounds, which is less than the 4,000 pounds that the VinFast is able to tow.

Ridiculous Pricing

For 2024 the Standard RWD has a base MSRP of $53,700—more than the price of a fully loaded top-of-the-line VinFast VF8 Plus trim. Also, something that’s very odd: the GV60 comes in eight different colors—and seven of them cost $650 extra. The only free color for any of the trim levels is Alta White. Even the top-of-the-line Performance AWD that starts at $71,250 forces you to pay for any color other than Alta White. How weird is that?

Enter the Reining Champ, the VF8

So, as previously mentioned, the base Genesis is more costly than the fully loaded price of the VF8. The VinFast is available in just two trims to keep the confusion and guessing game out of buying your VF8. The VF8 Eco has a base price of $47,325, and the Plus trim starts at $51,800. Both VF8 trims have dual motors with 87.7-kWh batteries that give Eco models 349 horsepower and 369 lb-ft of torque and 402 horsepower and 457 lb-ft of torque for the Plus trims. Also, unlike the Genesis, and most other EVs, the VinFast comes standard with all-wheel drive. The EPA says drivers can expect 264 miles for Eco models and 243 miles for Plus models between charges. While some of the GV60 trims are clearly more performance-oriented, the VF8 isn’t exactly slow. It will get to 60 mph in just 5.9 or 5.5 seconds for the Eco and Plus, respectively.

Interior and Frunk Space

When it comes to interior space, the VF8 features 13.2 cu-ft of space behind the second row of seats and 48.4 when they’re folded. The Genesis, however, wins this battle with 24 cu-ft behind the second row and 54.7 cu-ft with the rear seats folded. But, the VinFast makes up for that with 2.7 cu-ft of space in the front trunk, or frunk area. The GV60 has just 0.7 cu-ft. This also shows something else that’s interesting. The Genesis has 10.8 more cubes of space behind the rear seats, but only 6.3 when the rear seats are folded? That means that Genesis has some inefficiencies when it comes to the interior layout’s usable space.

Leasing a VinFast Is Way More Cost Effective

No matter what you think of the Genesis GV60, it falls through the floor when you compare price and value. Buyers can walk into Ewing VinFast of Plano right now and lease a VF8 Eco for just $199 per month for 36 months with $0 down and 10,000 miles per year. For only $249 per month, you can get the top-of-the-line Plus trim. Oh, and VinFast offers a 10-year, 125,000-mile bumper-to-bumper warranty with a 10-year, unlimited-mile battery warranty. You can still lease the GV60, of course, but it will cost you $721 per month for 36 months, with $0 down. Or, if you put down $5,999, you can save a little bit of money and only pay $646 per month for the same terms as the VinFast. Worse yet, Genesis only offers a 5-year, 60,000-mile standard warranty with an extra 10-year, 100,000-mile powertrain/battery warranty.

Perception Clouds Your Judgement

Let’s be real for a second. Can the Genesis GV60 really be so good that you would be willing to pay over three times more per month than for the VinFast? Is it worth it? I have to tell you, I have never walked into a store and asked to be charged more just because I thought the product might be better. If someone tells you that a ribeye steak is priced higher than chuck because it’s inherently better, he or she is either lying to you or just doesn’t know how to cook meat. Any good chef will tell you that, when prepared properly, a good cut of chuck can absolutely rival any other expensive piece of meat you have ever enjoyed. Perception is what drives us to think about value. VinFast doesn’t feel the need to overcharge you for a perception.

At Ewing VinFast of Plano, we have the best prices on dozens of new VinFast EVs and used cars. Our well-educated sales staff and finance department will happily assist you with your EV questions and needs. Our fantastic service department will ensure your vehicle stays in the best condition.

We look forward to serving you.

Luxury Brands Are Nice, But Too Costly

One of the reasons leasing can be good is because leased vehicles typically have a lower monthly payment, especially for the VF8. Brands like BMW, Mercedes-Benz, Audi, and the like work hard to convince buyers that they have everything customers need. However, all that glitters is not gold, as some vehicles will start from $50,000 and will quickly cost $70,000 just with a few simple options. Each of those brands has lease offers that are above $400 and $500 per month for base cars with thousands of dollars down before you can drive away. This is not the case with the VinFast VF8, as you can choose between the Eco and Plus that retail for $47,325 and $51,800, respectively, with most features and luxuries being standard equipment.

A Starting Price with Most Features Standard

For just $199 per month for 36 months, the VF8 makes an excellent case for being the best luxury vehicle on the market for the price. Unlike many cars that buyers would compare to the VF8, the VinFast comes standard with more features than almost anything else, such as a Head-Up Display, all-wheel drive, a dual-motor battery, and a towing capacity of up to 4,000 lbs, which is more than the standard capacity on the Volkswagen ID.4, Hyundai Ioniq 5, BMW iX, and more.

Trim Levels, Power, and Charging

The VF8 is available in two different trim levels, the Eco and Plus. The Eco model has a 349 horsepower and 369 lb-ft of torque, while the Plus model puts out 402 horsepower and 457 lb-ft of torque. Both vehicles feature an 87.7 kWh electric motor that drives all four wheels and can be charged from 10% to 70% in just 31 minutes on a Level 3 DC fast charger. Buyers can opt for the $599 VinFast Home Charger, which is hardwired to your breaker box and will output 250 volts and 50 amps.

The Best Lease Offers and Warranties Around

VinFast is offering the VinFast VF8 Eco for $199 per month for 36 months with $0 down or the Plus for just $249 for 36 months with $0 down. Both vehicles can be driven 10,000 miles per year without incurring any extra fees. Both models also come standard with a 10-year, 125,000-mile bumper-to-bumper warranty and a 10-year, unlimited-mile battery warranty, which is far and away the best battery warranty of any vehicle currently for sale.