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Hyundai Genesis Lease Questions

244 messages,  Last post on Nov 24, 2009 at 7:38 PM

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


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#113 of 244
Re: South Florida leases [bill2006] by toye
Apr 21, 2009 (7:02 pm)
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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 244
Re: South Florida leases [toye] by kingpcgeek
Apr 21, 2009 (9:06 pm)
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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 244
Re: South Florida leases [kingpcgeek] by toye
Apr 21, 2009 (11:17 pm)
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Replying to: kingpcgeek (Apr 21, 2009 9:06 pm)

$39,419.39
   -1,000.00 rebate
 
$38,419.39
#116 of 244
HMFC leases in general by dborth
Apr 22, 2009 (3:11 am)
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I just returned an '07 Azera leased through HMFC and wanted to share the following conditions applicable to my lease.
 
1. Under no circumstances will HMFC allow you to extend a lease.
2. At lease end there are 2 options, return or purchase at residual value stated on lease contract.
3. If purchased, HMFC Fountain Valley requires cashiers check, money order, wire transfer.
4. HMFC will not finance a lease return / purchase.
#117 of 244
Re: South Florida leases [toye] by kingpcgeek
Apr 22, 2009 (8:23 am)
Reply

Replying to: toye (Apr 21, 2009 11:17 pm)

$1000 over invoice AFTER a $1000 rebate? Sure doesn't sound like a good deal in this day and age. You can lease an Infiniti or Lexus at invoice and get a much higher residual at the same time.
#118 of 244
Re: South Florida leases [kingpcgeek] by bill2006
Apr 22, 2009 (1:07 pm)
Reply

Replying to: kingpcgeek (Apr 21, 2009 3:10 pm)

Kingpcgeek
Read your comment about negotiating price first.After I thought about that it makes a ton of sense. Maybe that's my problem trying to do the lease calculations.
 
When I do my the lease calculation does the negotiated price price gets slipped in where the MSRP price is to start the calculations?
 
I have Not been able to come to the same numbers as people quote on their lease.
 
HELP
bill2006
#119 of 244
Re: South Florida leases [kingpcgeek] by toye
Apr 22, 2009 (5:03 pm)
Reply

Replying to: kingpcgeek (Apr 22, 2009 8:23 am)

Thanks for your imput... but I'm very happy with my the purchase of the Genesis. I 'm amazed with all the comfort, technology and driving experience. If this automobile holds up like I expect it to then the $19,300 at the end 35 months will be very, very reasonable.
#120 of 244
Re: South Florida leases [bill2006] by kingpcgeek
Apr 22, 2009 (8:48 pm)
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Replying to: bill2006 (Apr 22, 2009 1:07 pm)

The MSRP is always used to calculate the residual.
#121 of 244
Got my car by bill2006
Apr 23, 2009 (8:00 pm)
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Picked up my Genesis V6 with tech today. Wonderfull car. White Satin pearl with beige interior. Great experience with Tamiami Hyundai in Naples Fl. Salesman was Manfred Nelles.Best car experience I've had.
 
I was concerned about some of the things I've heard about Hyundai Dealers. This guy was a class act. Knowledgable, honest, and a very pleasant person. Anyone looking for a Genesis in Southwest Florida will be happy with Manfred.
 
Now, if the car performs as I think it will, I will be a very happy person.
 
Thanks for all the help from this forum.
 
bill2006
.
#122 of 244
Re: Got my car [bill2006] by kingpcgeek
Apr 23, 2009 (10:35 pm)
Reply

Replying to: bill2006 (Apr 23, 2009 8:00 pm)

So you totally missed the big orange letters above your post that said to not post names of salespeople?

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