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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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#152 of 244 Re: 2009 Genesis sedan lease ???s [mgott23]Tex [kingpcgeek] by mgott23 Jul 24, 2009 (1:37 pm)
Replying to: kingpcgeek (Jul 24, 2009 1:26 pm) thanks, I might try for 15K and see what it does. Do you think that at 18k it's a bad deal. Replies to this message: tjc78 (Jul 25, 2009 4:29 am) tjc78 (Jul 25, 2009 4:30 am)
#153 of 244 Re: 2009 Genesis sedan lease ???s [mgott23]Tex [kingpcgeek] [mgott23] by tjc78 Jul 25, 2009 (4:29 am)
Replying to: mgott23 (Jul 24, 2009 1:37 pm) Residuals have dropped on everything. Go look at the ES350 leasing board. Its carrying the same mid 40s residual values. Right now the only attractive leases anyone will receive is with low (subsidized) money factors that equal 1 - 2%. When I leased my Avalon back in 06 the residual was 56 or 57%. My Genesis was 49% at 12K/yr, however the money factor was low enough to make it worth it (.0006).
#154 of 244 Re: 2009 Genesis sedan lease ???s [mgott23]Tex [kingpcgeek] [mgott23] by tjc78 Jul 25, 2009 (4:30 am)
Replying to: mgott23 (Jul 24, 2009 1:37 pm) mgott23,   Reference Car_man's posts 144/145 I think the MF the dealer is quoting you is a bit high. Also, there is a rebate available on leases as well.
#155 of 244 Re: California Genesis [Car_man] by newser Jul 25, 2009 (2:29 pm)
Replying to: Car_man (Jul 16, 2009 2:53 am) thanks for the reply car_man....I am gonna try to get a fully loaded V6 genesis...another question is should I wait until december for a better deal on an 09? I know the pickins will be slim but who knows??? Replies to this message: Car_man (Aug 04, 2009 2:46 am)
#156 of 244 Re: Lease program details for 39 month lease [Car_man] by chipster2 Aug 01, 2009 (4:17 pm)
Replying to: Car_man (Jul 16, 2009 3:03 am) Hi Carman, I just joined after going to a dealership today in search of a Genesis Coupe. I have got an offer for the Genesis Coupe 2.0 Premium Automatic for 3500 Down and $329/month for 36 months with 15K miles.   Is that a good offer or should I be paying less. I have already put down a deposit on the car as someone else almost purchased it. Please advice. Replies to this message: kingpcgeek (Aug 03, 2009 8:17 am) Car_man (Aug 04, 2009 3:19 am)
#157 of 244 Re: Lease program details for 39 month lease [chipster2] by kingpcgeek Aug 03, 2009 (8:17 am)
Replying to: chipster2 (Aug 01, 2009 4:17 pm) $3,500 is too much to put down on a lease. One purpose of a lease it to invest as little of our own money in the car as possible since you are renting it. It is also a bad idea to put that much down.   Perfect explanation from leasecompare.com:   Because you pay for the use of a vehicle during a lease, you should put as little money down as possible, up front. Although putting money down can lower your lease payments (by reducing your capitalized cost) in most cases it cannot be regained in the event of early termination due to a loss.   For example, a customer once leased a Toyota 4Runner and put $3,000 down as a cap reduction. Five months later the vehicle was totaled in an accident. The client's insurance paid its portion of the lease payoff and Gap Insurance paid the balance. Our client walked away with only paying his insurance deductible but he did not get reimbursed for his initial down payment of $3,000. It was lost.   The moral of this true story is to put as little money down as possible,ideally no money down. Here are some other things to consider:   - Money down is taxable - Take the money you would have put down and invest it - Put your down payment in a savings account and use a portion each month to help make your lease payment
#158 of 244 Re: California Genesis [newser] by Car_man HOST Aug 04, 2009 (2:46 am)
Replying to: newser (Jul 25, 2009 2:29 pm) No problem newser. I don't think that the lease deals on the 2009 Genesis are going to get much better than they are right now. While manufacturers' cash incentives often increase as the model year progresses to help dealers unload their leftover vehicles, leases do not always become more attractive very late in the year. Vehicles' residual values, which are used to calculate the depreciation portion of lease payments, gradually fall as the model year progresses. At some point late in the model year vehicles' residuals have dropped by so much that manufacturers' usually find it too expensive to provide attractive lease programs on them and they pull the plug on their lease support. It is difficult to say exactly when this will happen, but I don't personally anticipate Hyundai's lease program on the Genesis Sedan getting much better than it is right now.   Having said this, keep in mind that this is just an educated guess and no one knows for certain exactly what manufacturers will do with their future incentives programs.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#159 of 244 Re: Lease program details for 39 month lease [chipster2] by Car_man HOST Aug 04, 2009 (3:19 am)
Replying to: chipster2 (Aug 01, 2009 4:17 pm) Hi chipster2. I completely agree with kingpcgeek's helpful assessment that $3,500 is way too much money to put down when leasing.   As far as the rest of this lease goes, it is difficult to tell how attractive this deal is without knowing what this car's MSRP and selling price are. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Let us know what these numbers are and I'm sure that either myself or another helpful community member will tell you what they think.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#160 of 244 Genesis Lease by jjones Aug 04, 2009 (4:39 pm)
I have been working on a lease for the last 2 weeks. I live in Columbus, Oh. there are 3 Hyundai dealers in the area. The best offer I have received is $525.00 down and $525.00 per month for 36 months. The car is the V6 with Premium and Teck packages, stickers at $40150 also getting 15,000 miles per year and the Wing Badges for wheels and trunk. The last dealer I went to said get back to whoever gave you that offer and grab it. What do you think Car_Man Replies to this message: Car_man (Aug 05, 2009 1:46 am)
#161 of 244 Re: Genesis Lease [jjones] by Car_man HOST Aug 05, 2009 (1:46 am)
Replying to: jjones (Aug 04, 2009 4:39 pm) Hi jjones. If another dealer told you that they couldn't touch this deal, chances are that it's pretty good. I would be happy to give you my opinion on it, but it would be easier for me to do so if you provided us with this car's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how much of a discount the dealer is providing you with. I probably could back into an approximate selling price, but I don't know if the payment that you mentioned includes sales tax. It would be much easier if you told us the selling price. Once we have it, I'm sure that either myself or another knowledgeable community member will gladly tell you what they think.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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