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Hyundai Genesis, Hyundai Genesis Coupe, Car Buying, Car Leasing, Coupe, Sedan
#294 of 657 Re: Car Man please post MF & Residuals [benzserviceguy]
Mar 17, 2010 (2:34 am)
Hi benzserviceguy. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Coupe 2.0T Premium with 15,000 miles per year are .00205 and 58%, respectively.
The numbers for an otherwise identical lease of a 2010 Genesis Coupe 2.0T Track are .00205 and 57%.
If you were to lease either of these cars with only 12,000 miles per year their residual values would be 1% higher.
Prices Paid: Buying & Leasing Experiences Forum
#295 of 657 Newbie help?
Mar 18, 2010 (5:39 pm)
I'm a complete newbie - while I'm trying my best to read through as much of this forum as possible, it's a little silly to go through 20 pages.
My car recently went through a puddle and killed the engine. I'm thinking it might be better to sell the car for parts ('02 2.5 Altima) and use that money towards a new car, rather than invest several thousand dollars on an already beat up car.
That gets me to this - leasing a Genesis Coupe. I live in the Tri-State area, 15 minutes away from NYC in New Jersey. More than likely, my dad will be signing for me (I'm 21, live at home, senior year, interning and already have a job lined up - thus, can *hopefully* afford reasonable payments).
I'm looking to lease a fairly base-level Genesis Coupe. I don't need navi, a 6 cyl engine, etc. I of course want basic features, as well as an iPod hook up and what not..but don't need to go all out.
If I have lets say, $2000-2500 available to put down, what kind of payments could I talk them into accepting? Is the $250-280 range possible? My dad has excellent credit, which is obviously a factor.
Sorry for the long message, and thanks in advance.
#297 of 657 Re: Newbie help? [de201]
Mar 18, 2010 (6:48 pm)
With $2500 down based on 3yrs/36k, you should be able to get the base 3.8 Auto for approx $310+ Tax assuming Hyundai are still offering the $1000 down which I think they are. It's pretty well spec'd out.
As the 4 pot turbo is $3k less, it should be approx $80/month less depending on the residual.
PS, I got a 3.8 base Auto one a few months back after a 3 yr stint in a VW GTI and have been very pleased with the change. If your approx 15 mins outside NYC, try Potamkin Hyundai in Harlem.
#298 of 657 leasing Gen coupe
Mar 18, 2010 (6:58 pm)
hello all, just intrested to know what people are leasing genesis coupes for. Im looking to buy one in the next couple months. Just fell in love with coupe after test driving. Thanks in advance.
#299 of 657 Re: Newbie help? [kwakasmith]
Mar 18, 2010 (9:44 pm)
Thank you. Yes, I'm 10-15 mins from the GWB - I'll look into Potamkin. I'd prefer the 2.0 in Auto - it'll be less gas and less expensive monthly for me.
Judging by your #'s, this would be ideal. Is there a math formula you used to come up with them -> if I could bring something like that to the dealer, I feel like I could have a heads up in coming out a winner.
#300 of 657 Re: Newbie help? [de201]
Mar 19, 2010 (4:20 am)
Just worked it back from what I paid with $1700 down for a 3.8 auto which is a $26500 + tax motor. If your looking for an Auto on the 2.0T which I note is +$1250 and not the +$1500 as on the 3.8, the var should be about $90/month. That said, the margins on the 2.0T will be slightly less for the dealer.
Also, I got reasonably well looked after on the deal, due to buying a new Odyssey off the dealer a year earlier however, the market/economy is still pretty weak so you should be in a good poisition to negotiate. The residual on my car is $14500.
Based on the above and putting $1700 down, you should be looking to pay approx $230-240/month + TAX.
#301 of 657 Re: Hey Car_man [Car_man]
Mar 19, 2010 (10:52 am)
The member with the username "tonystarks22" wanted Residual and MF for basically the same trim as me and the same mileage, but mine is with Navigation. So with out Navigation, the 3.8 Track - 6MT has a residual of 58%, but WITH Navigation, it drops to 56%? Is that correct?
Also, I presume that 15,000 miles is the max published residual and anything above is to be purchased just in case I want 18,000 or 20,000 miles?
#302 of 657 2010 Genesis 3.8 sedan: clueless dealer
Mar 19, 2010 (3:00 pm)
I visited my local Hyundai dealer to check out the Genesis. The car looked fine, but the sales "consultant" who came to "help" was as clueless as any I've ever met. I'm looking for the Nav/Lexicon upgrade and need 15k/yr for either 2 or 3 years. Seems simple enough though when I asked for a ballpark on the monthly payment, front money, and service cost, the gentleman's face went blank. The best he could come up with was that "they're expensive, maybe $400 a month." When I asked for specifics, he said the monthly lease cost would be $538/month, didn't know how much the front money was, and said I needed to check with the service department to find out about the service costs would. All he knew is that something was supposed to happen every 15,000 miles, but he wasn't sure what that was. He then offered to pay off the balance of my current lease and would pick up the last month's payment on the new lease if I would make a deal today. I guess that means he was hungry. When I asked about the difference between the 2009 and 2010, he said there was a different suspension on the 2010, but he wasn't sure what that meant. As I continued to be amazed by his lack of knowledge, he then said that he was new on the job. Seems that I'll be looking elsewhere for someone who knows what he's selling. Awesome!
#303 of 657 NAV standard on track?
Mar 19, 2010 (3:44 pm)
ghetto2315, it's my understanding that all 3.8 tracks come standard with the NAV. Carman can you confirm that residual please?