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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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Replying to: toye (Sep 01, 2009 4:20 pm) Thanks again
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Replying to: carman56 (Sep 02, 2009 11:10 am) 2k down 36ms 3.8 tech package (have them throw in the wings front, back and wheels. don't pay over $475 including tax. They have 12-15 Genesis on hand as of last weekend Good Luck
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Replying to: toye (Sep 02, 2009 1:35 pm) Genesis 3.8 premium + package = MSRP 36100.00 INTERNET PRICE =34453.00 The lease on the Genesis is a 36/12 with 2999.00 top your payment tax in would be 487.76 tax in on the prem + Seems high? I asked him for the residual and MF for this car and waiting to hear back. What are your thoughts?
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Replying to: carman56 (Sep 04, 2009 7:42 am) 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
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Replying to: kingpcgeek (Sep 04, 2009 8:32 am) Your thoughts? |
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36 months / 12000 miles p/a. Currently have 4 dealers giving me OTD prices of $320 to $330/month incl tax, with $1500 down (incl 1st month payment) , residual $14782. Just about to do the deal but thought I'd check if anyone else has done any better recently ?
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I went to lease Hyundai Genesis 3.6 w/ preimum + pkg, but I have 3 months remaining on lease at $400. I qualify for pull through program w/ nissan, but Hyandai says i have to eat the payments which ruins deal. If I wait for 2010 to arrive in October, will the higher residual help my numbers? Do you think they will run a better lease program? The delearship tried w/ a sale price of $33,600, which from my research was a fair price. However to get my payment to $470, the $ down was just stupid. Please advise. THanks! |
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Replying to: eoseire (Aug 27, 2009 5:14 am) I don't recall ever seeing a Hyundai Motors Finance lease with only 10,000 miles per year, but if it offers that mileage allowance, its residual values for it are likely 1% higher than its 12k resids. When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently being provided on leases of it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: carman56 (Sep 12, 2009 6:07 pm)  . The 2010 Genesis Sedan will almost certainly have higher residual values when it is introduced than the 2009 version currently has. The problem is that one really cannot tell whether these higher residual values will lead to lower lease payments because we don't know what sort of money factors or lease cash Hyundai will have on the 2010 Genesis Sedan at launch. I personally doubt that Hyundai will offer more more attractive payments on the '10 model, but at I said it is difficult to say. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Sep 16, 2009 2:06 am) Thanks,
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