Sign In Join 



Hyundai Genesis Lease Questions

242 messages,  Last post on Nov 23, 2009 at 4:18 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Hyundai Genesis, Hyundai Genesis Coupe, Car Buying, Car Leasing, Coupe, Sedan


Messages Page 12 of 25
1
...
9
10
11
12
13
14
15
...
25
Prev
Next
Last
Go To Msg #
Search This Discussion

#106 of 242
Re: South Florida leases [bill2006] by toye
Apr 20, 2009 (12:05 am)
Reply

Replying to: bill2006 (Apr 19, 2009 10:32 am)

Good Luck bill2006
There wasn't that much selection about 3 V-6 colors and 3 V8 colors left to choose.
I wanted a light exterior with a dark interior. Light interior shows dirt much more quickly.
#107 of 242
27 month lease by roberts10
Apr 20, 2009 (5:18 pm)
Reply
I am pretty sure all the 27 month leases are over. The best they have in the natinal ads in 36 month leases. I think the 27 month was just to push some cars out in the market.. It went from 24 month to 27 month, and now 36 month.
#108 of 242
Re: South Florida leases [toye] by bill2006
Apr 21, 2009 (11:54 am)
Reply

Replying to: toye (Apr 20, 2009 12:05 am)

Hello again to all
.
Just saw where Hyundai is offering a lease on v6 with tech package ie
Start: 04/01/2009 End: 04/30/2009 $499 Monthly Payment
36 Month Term
$2100 Down Payment
$0 Security Deposit
12000 Annual Mileage
Restrictions Lease is based on 2009 Genesis Sedan V6 equipped with Premium and Technology Package and $1000 HMFC origination support. Please see your dealer for complete details.
Comments $2599 due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
 
 Well,I talked to a Hyundai dealer and he said it's really not $2599 at signing but really $4003.What Hyundai doesn't say in this info is that these numbers don't include the following items:
$ 331 for the Department Of Motor Vehicle (new tag, battery fee, tire fee, etc.)
$ 595 Acquisition fee from Hyundai Motor Finance, $ 478 dealer fee
This brings it to $ 4,003 total out of pocket including your first lease payment?????
 
Did you have to pay $595 Acquisition fee, $478 dealer fee, etc
Thanks
#109 of 242
Re: South Florida leases [bill2006] by kyfdx HOST
Apr 21, 2009 (1:28 pm)
Reply

Replying to: bill2006 (Apr 21, 2009 11:54 am)

The advertised lease includes the acquisition fee... So, they are trying to pack your deal with an extra $595 plus $478...
 
Can't do much about the government fees, though...
#110 of 242
Re: South Florida leases [bill2006] by kingpcgeek
Apr 21, 2009 (3:10 pm)
Reply

Replying to: bill2006 (Apr 21, 2009 11:54 am)

You need to ignore specials like this since you have no idea what the purchase price of the car is, which is the most important item. Negotiate the price of the car first and foremost. After that using the MF and Residual numbers you can get here you can figure out a lease payment
#111 of 242
Re: South Florida leases [kyfdx] by bill2006
Apr 21, 2009 (3:13 pm)
Reply

Replying to: kyfdx (Apr 21, 2009 1:28 pm)

Thanks kyfdx
 
That's what I thought. The $499/month with 2100 +499 up front sounds ok(but not great) but not that other junk. Thats what Hyundai USA is pushing with participating dealers.
I know I have to pay the tax and motor vehicle fees.
I love this Forum
#112 of 242
Re: South Florida leases [bill2006] by kingpcgeek
Apr 21, 2009 (3:16 pm)
Reply

Replying to: bill2006 (Apr 21, 2009 3:13 pm)

Any leasing expert will tell you do not do a cap cost reduction (the $2100 - $595). The disadvantage of a cap cost reduction is that, should your vehicle get stolen or totaled in an accident, you probably won't get any of the down payment returned to you.
  
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
#113 of 242
Re: South Florida leases [bill2006] by toye
Apr 21, 2009 (7:02 pm)
Reply

Replying to: bill2006 (Apr 21, 2009 11:54 am)

Ok I just got my papers...
 
3.8 V6 Tech package
 
$595 Acquisition fee
$1000 Rebate
$2500 Downpayment including first month payment $511
$252.33 Misc product fees (maybe the wing badges for hood, trunk & wheels
$168.50 Tag fee & surcharge (used my present tag and may get few $'s back
 
15,000 miles per year
 
$511.67 35 payments 49% residual
$19,248 + tax payoff after 35 months.
 
There a $400 disposition fee at the end of the lease (I read that this is standard in and earlier post)
 
Remember this was my 5th Hyundai in 13 years and I didn't budge, which took long to deal.
 
Another surprise...... My insurance with Allstate went down by nearly 25% they also lowered my deductable by $100 and will continue to go down every year until it's $0 and put me on the accident forgiveness plan, meaning I will be forgiven 1 accident and it will not affect my rate all because the insurance industry believes the Genesis is a safe automobile.
 
I hope this helps..
#114 of 242
Re: South Florida leases [toye] by kingpcgeek
Apr 21, 2009 (9:06 pm)
Reply

Replying to: toye (Apr 21, 2009 7:02 pm)

Didn't see the most important number there. What is the selling price of the car? I have to tell you though, looking at those numbers a Genesis sedan is one car I will not be leasing. $2000 down (which as I already said is a horrible idea) and you still have plus $500 payments, no thanks.
#115 of 242
Re: South Florida leases [kingpcgeek] by toye
Apr 21, 2009 (11:17 pm)
Reply

Replying to: kingpcgeek (Apr 21, 2009 9:06 pm)

$39,419.39
   -1,000.00 rebate
 
$38,419.39

Messages Page 12 of 25
1
...
9
10
11
12
13
14
15
...
25
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement