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Hyundai Genesis Lease Questions

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

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

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#116 of 244 HMFC leases in general by dborth Apr 22, 2009 (3:11 am)
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)
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. Replies to this message: toye (Apr 22, 2009 5:03 pm)
#118 of 244 Re: South Florida leases [kingpcgeek] by bill2006 Apr 22, 2009 (1:07 pm)
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 Replies to this message: kingpcgeek (Apr 22, 2009 8:48 pm)
#119 of 244 Re: South Florida leases [kingpcgeek] by toye Apr 22, 2009 (5:03 pm)
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)
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)
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 . Replies to this message: kingpcgeek (Apr 23, 2009 10:35 pm) bill2006 (Apr 25, 2009 1:37 pm) toye (Apr 25, 2009 2:53 pm) toye (Apr 23, 2009 11:44 pm)
#122 of 244 Re: Got my car [bill2006] by kingpcgeek Apr 23, 2009 (10:35 pm)
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? Replies to this message: bill2006 (Apr 25, 2009 1:37 pm) toye (Apr 25, 2009 2:53 pm)
#123 of 244 Re: Got my car [bill2006] by toye Apr 23, 2009 (11:44 pm)
Replying to: bill2006 (Apr 23, 2009 8:00 pm) Congratulations on your new Genesis!   I've been having a ball getting aquainted with my new car. I'm finding the Technology on this car incredible and intuitive. Put in a DVD while you are in park and you'll hear just how incredible the surround sound really is.   So far this car is incredible!!!
#124 of 244 Re: Lease program details for 39 month lease [cpaman] by Car_man HOST Apr 24, 2009 (2:27 am)
Replying to: cpaman (Apr 10, 2009 5:18 pm) Hi cpaman. I saw the Genesis at the NYIAS as well. I was very surprised at how nice a car it is. The Genesis Coupe is very nice as well.   Hyundai Finance is only currently providing support on 36 month leases of the 2009 Genesis Sedan. Its current buy rate lease money factor and residual value fro a 36 month lease of a 2009 Genesis Sedan V6 with 15,000 miles per year are .00060 and 48%, respectively.   When negotiating the capitalized cost for this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.   Tthere's nothing wrong with leasing through independent banks but I doubt that you will be able to come even close to the payment that is available by using Hyundai's official special lease program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: tmd820 (Jul 12, 2009 7:44 am) Car_man (Jul 16, 2009 3:03 am) ghetto2315 (Jul 16, 2009 6:19 am) and 1 more... chipster2 (Aug 01, 2009 4:17 pm) and 2 more...
#125 of 244 Re: Sales tax on car leases [cpaman] by Car_man HOST Apr 24, 2009 (2:33 am)
Replying to: cpaman (Apr 18, 2009 3:10 pm) Hey cpaman. Different states use different methods for calculating sales tax on leased vehicles. There are three main methods of doing so (I suppose that you could say that there are four if you count the states that don't charge sales tax at all).   In the first, the state taxes the payment and down payment. The last time that I checked, most states, including Florida, Georgia, Missouri, Connecticut, and California use this method.   The second way is to tax the entire selling price of the vehicle. Again the last time that I checked, this is how sales tax is calculated on leases in states like Illinois, Texas, and now Ohio.   Lastly, some states only tax the depreciation portion of leases. This is tax is calculated on leased vehicles in New Jersey.   I am not sure exactly how sales tax is calculated on leased vehicles in New York, but you may be able to find out by visiting one of the following sites:   New York Department of Motor Vehicles   or   New York State Department of Taxation and Finance   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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