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Prices Paid: Buying & Leasing Experiences 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
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Replying to: vishnus11 (Oct 09, 2008 7:39 am)  12k miles/yr is 63% and at 15k miles/yr it is 62%. The acquisition fee is $595 and not negotiable as it is a charge from Hyundai Finance; 2. The residual is not the same for both the V6 & V8 models. The residual for the V8 is 60%. 3. The additional fees in a lease include the Acquisition Fee mentioned above and the security deposit which may be waived at a higher lease factor. The current lease factor for excellent credit is .00001 or 0.024%. The security deposit is refundable at lease termination, and equals the monthly payment rounded up to the nearest $50. ALL fees, taxes, etc. may be rolled into the monthly payment. The only money required at the beginning of the lease is the 1st months payment, including the secuirty deposit(if you pay a higher lease factor); 4. The cash incentives are applied to the cap cost on behalf of the customer and do not reduce the invoice. A V6 with the tech pkg has an invoice of $37563, and the monthly payment at our dealership (Schaefer & Strohminger 5665) up front would be $606.56, including all taxes, tags and fees for 24 months. |
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I think I am getting very bad deal on a V8; any help would be greatly appreciated... Here is the deal (some numbers are rounded up); 12k miles / year with 24 months lease. Price $42100 ($100 dollars more) Doc / Acquisition / License fees: $1000 (I know I have to pay this!?) Gross Cap $43.100 Down $2200 Rebate $500 Amt applied up front $900 (Not sure what that is?) Total Cap Reduction $1,800 Net Cap cost $41,3k Residual %60 (Not sure if this supposed to be 62% or 63% for V8) Money Factor .00001 Upfront charges $170 (not sure what that is?) Base monthly $670 + Taxes = $715 (Which is a lot higher than what I was expecting) I was expecting around $590 (including taxes!!) not sure how we got to $715?? Thanks for your help...
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Replying to: daviderle (Oct 23, 2008 6:19 pm) I agree with you. You're putting down a lot and paying high monthly fees. I'd walk on this deal or try negotiating on the 6 cylinder. I was quoted $2200 down and $499/mo. plus fees (TTL) for the loaded 6 with luxury and tech. packages. (For less than what you were quoted you can lease a loaded 5 series BMW, FWIW.)
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I am considering leasing a 3.8L Genesis with either base or premium package (haven't decided yet). Does anyone know how much room for negotiation we have from the MSRP? Hyundai is advertising 399/month lease for base package with 2199 down but does not include tax. Any one has any recent experiance they could share? Thanks!
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Replying to: viperz4 (Nov 01, 2008 3:55 pm) |
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Replying to: carnaught (Oct 23, 2008 7:07 pm) Changed dealers and I think I did o.k... I got the V8 tech , 2199 down (everything including first month payment) and $605 a month, I think I could have got few more $s, but at some stage there is a price of driving the first V8 in the state (or at least that is what I was told)  ...
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Please can you tell me the new residual figures for 15,000 mile, and money factor on the Genesis. I think they changed on 11/4 to 27 months, 62%, and 0.00027. Thanks |
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Replying to: automan999 (Nov 05, 2008 11:41 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I pulled the trigger on a 3.8 V6 with Premium package. 24 month lease 0 up front, just first months lease payment. Total monthly payment including tax $440.00. 12,000 miles per year. Overall good deal compared to the other crazy dealers and their inability to work the hyundai incentives here in Chicago.
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If I was interested in the 27 month lease with either 18k or 20k mile allowance per year, can anyone give me the necessary values for this? I am considering a 3.8 V6 with Tech Package. Thank you!
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