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Prices Paid: Buying & Leasing Experiences 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
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kingpcqeek, I would think that Car_Man or someone out there could say if they thought this was a good deal based on the sticker price and the monthly lease payments I would be paying for the 36 months and 15000 miles. I was hoping someone could tell me what their money down and monthly payment and mileage was so I could compare before I sign my lease. Thanks if you or someone could give me some input. jjjones
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Replying to: jjones (Aug 05, 2009 1:14 pm) Having read hundreds of posts from Car_Man I can tell you he will not tell you if it is a good deal without knowing the selling price. It would behoove you to find out the selling price and its relation to invoice. MSRP is a worthless number now days except for calculating the residual of a car. |
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Replying to: jjones (Aug 05, 2009 1:14 pm) |
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Replying to: jjones (Aug 05, 2009 1:14 pm) MSRP.....................................$40,150 Residual..................................$18,469 (46% of MSRP) Capitalized cost.......................$36,269 (90.3% of MSRP or $1,900 below invoice*) Money factor............................0.00019 (4.46% APR) Lease term...............................36 months Based upon the above, the monthly payment would be approximately $507 (not including taxes and other fees) Calculations assume an ordinary annuity but lease type arrangements normally use annuity due, which would be slightly higher. I hope this helps.
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Replying to: bwia (Aug 07, 2009 10:39 am) I get 505 with a MF of .00019. I get $598 with 4.46% interest
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Replying to: kingpcgeek (Aug 07, 2009 2:45 pm) My bad, that should have been 4.56%
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Replying to: bwia (Aug 07, 2009 3:27 pm) .00019 x 2400 = .456 |
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| I went in today and i believe he offered me the 28,000 3.8 coupe for 299+tax 2000 down. I was wondering if u think i can get him to go down to say 270+tax 2000 down | |
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Everything tells me that leasing and buying at the end is more costly than purchasing. However the dealer showed me that I could lease (3.8 loaded w/ tech)for 3 years and then buy at the residual amount for 3 years and my payments for the 6 years would be about $100 less than per month than my payment quoted from the credit union. Is there something I'm missing here. I typically drive too much to lease(25k/mo) but that could always change and I'd just as soon have the opp to switch in three years. This way I can always buy at the residual rate if my miles stay up there. Am I missing something? Some problem at the end of the lease?
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Replying to: drdiscount (Aug 10, 2009 1:53 pm) |
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