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Hyundai Genesis Lease Questions

239 messages, Last post on Nov 05, 2009 at 11:15 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I was surprised to see that the MSRP and Invoice for the 4.6 Genesis w/Tech is about $2K higher going from the 2009 to the 2010, but with no apparent change in functionality. Is anyone aware of any functional improvements to justify this markup, or is it simply a case of old vs. new?
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I just leased a 2009 3.8 Genesis w/tech from Capitol Hyundai in San Jose with the following terms: MSRP $40180 Cap cost $36700 (~$600 below invoice) MF 0.00019 Residual 46% Wear/tear coverage $603 Payment $507 + tax Had a very smooth experience with these guys, and they were much more responsive than other dealers in the area. They have a few more 2009 left I think. Only question I had was whether the higher residual on the 2010 made up for the higher price and left the lease a wash vs. the 2009; something for folks to investigate. This car is just an awesome deal. I'm probably going to end up selling half a dozen via word of mouth. Go Hyundai! |
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Replying to: chiroman1 (Oct 15, 2009 3:41 pm) My deal was for 15K miles.
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Replying to: jim_mckeon (Oct 15, 2009 3:59 pm) |
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Replying to: greenturtle (Oct 16, 2009 4:56 pm) |
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Replying to: greenturtle (Oct 10, 2009 10:19 pm) I mad to make some assumptions because you never mentioned how long you want to lease for or what mileage allowance you need. Let me know if you want something different. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: lhatten (Oct 13, 2009 6:16 am) Hyundai's October buy rate lease money factor and residual value for a 36 month lease of a 2009 Genesis Sedan V6 with 15,000 miles per year are .00019 and 45%, respectively. The numbers for an otherwise identical lease of a 2010 Genesis Sedan V8 are .00090 and 44%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: markinfrisco (Apr 24, 2009 2:13 pm) Yes, I had the same experience! I was denied a lease today on a genesis coupe after signing for it on tuesday with a near perfect credit score. Hyundai financing advised me to purchase, now I know why! Won't buy because I just formed a corporation and wanted a business lease. I love that car, what a shame.
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| has anyone heard what Hyundai are offering in terms of 'Lease Cash' for November ? | |
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Replying to: bdud (Oct 23, 2009 5:57 pm) |
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