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Hyundai Genesis Lease Questions

239 messages,  Last post on Nov 05, 2009 at 11:15 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Hyundai Genesis, Hyundai Genesis Coupe, Car Buying, Car Leasing, Coupe, Sedan


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#33 of 239
Re: [toyoman8] by jeffal
Dec 09, 2008 (7:21 am)
Reply

Replying to: toyoman8 (Dec 05, 2008 4:49 pm)

toyoman8,
 
Yes, you can lease the Genesis for 36 months and 12K miles.
 
I'm not sure what your lease payments would be, but you should email or call several Hyundai dealers in your area and get a lease quote. That way you'll have an idea of what you'll have to pay.
 
Also, it does not make any sense to put $3000 down for a lease. When you ask for a lease quote make sure to tell them you want to put $0 down and you want the taxes rolled into the monthly payment. That will make things easier.
#34 of 239
Genesis deal?? by zephyr2
Dec 12, 2008 (11:46 am)
Reply
Current offer from Ohio dealer:
 
40,150 MSRP V6 with tech pkg.
37,995 Sale Price
     500 Lease cash discount
37,495 Final Sale Price
 
15K miles, 27 months 506.40 with 3659.34 down which includes taxes, etc.
 
Any advice would be appreciated.
 
Also, I am 4 payments from the end of my Lexus es350 lease and don't know whether I should wait and hope the lease programs get even better or roll the 4 payments into this deal.
#35 of 239
Re: Final Price on Genesis Lease [jeffal] by chicagotouareg
Dec 17, 2008 (10:00 am)
Reply

Replying to: jeffal (Dec 06, 2008 7:10 am)

JEFFAL
 
I purchased my Genesis from Pugi Hyundai. They were very pleasant to work with, I tried working with other dealers and they either (a) had no idea how to work the incentives from hyundai or (b) were trying to rip me off. Either way their payments were off in some cases by $300 a month. Even the exisiting dealer I leased a Hyundai at from 24 months earlier gave no where near the deal I received at Pugi, You should check them out and ask for Patrick he was a good guy to deal with
#36 of 239
Re: [toyoman8] by Car_man HOST
Dec 21, 2008 (5:40 pm)
Reply

Replying to: toyoman8 (Dec 05, 2008 4:49 pm)

Hi toyoman8. If you reeeeeally wanted to you technically could lease a Genesis for 36 months instead of for 27 months. However, if you go with a 36 month I believe that this car's money factor jumps from the special .00027 (0.64% interest) to .00340 (8.16% interest). Needless to say, it makes much more sense to go with the 27 month lease.
 
I would be happy to work up a sample lease payment on the exact car that you are interested in for you, however in order for me to do so I need you to provide me with its full MSRP and its dealer invoice price.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#37 of 239
Re: Genesis deal?? [zephyr2] by vlad92
Dec 29, 2008 (7:59 pm)
Reply

Replying to: zephyr2 (Dec 12, 2008 11:46 am)

Not sure if this helps anyone, but I just brought my Genesis home this evening after signing this lease deal here in Omaha:
 
MSRP: $33,000 (base V6)
Selling Price: $29,700
Lease Rebate: $500
Term: 27 months 12K miles / year
MF of .00027 with 59% residual
Monthly base payment (pre-tax): $373.88
 
0 cap reduction paid up front.
 
Paid $1260.17 at delivery which included acq fee of $595, doc fee of $199.50, title of $10, tax on fees of $55.62, and first month payment of $400.05 (includes tax).
 
Not sure how this stacks up, but I'm pretty happy with it.
 
See you on the road!
 
Vlad
#38 of 239
Considering first lease by george66
Jan 08, 2009 (1:41 pm)
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The 27mo lease seems good to me. And at lease end, I assume the price to purchase is 59% residual of the negotiated "purchase price" or car value, for example, $17,700 on a value of $30,000. My question is whether the car's trade-in value will be more or less than the residual value. My intention would be to keep the car.
Thank you
#39 of 239
Re: Considering first lease [george66] by kyfdx HOST
Jan 08, 2009 (1:46 pm)
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Replying to: george66 (Jan 08, 2009 1:41 pm)

The residual percentage is multiplied by the MSRP, not the selling price...
#40 of 239
Re: Considering first lease [kyfdx] by george66
Jan 09, 2009 (10:40 am)
Reply

Replying to: kyfdx (Jan 08, 2009 1:46 pm)

Thank you. That was not clear to me. Now I'm less sure leasing is the best way to go on a V6 Genesis. Of course, the whole strategy in car sales is to keep the buyer a bit confused (IMHO). Does the "capital cost reduction" (if any) get credited somehow to the residual value, or just go into the dealer's pocket? Thanks
#41 of 239
Re: Considering first lease [george66] by kyfdx HOST
Jan 10, 2009 (4:22 am)
Reply

Replying to: george66 (Jan 09, 2009 10:40 am)

The CAP cost reduction lowers the amount financed, ergo a lower lease payment.. So, it's not money lost, but generally, it is a good idea to lease with as little down as possible.
 
If you are looking to lease, with the idea of buying the car at lease end, you will usually be better off purchasing the car in the first place.
 
regards,
kyfdx
#42 of 239
Re: Genesis deal?? [vlad92] by Car_man HOST
Jan 16, 2009 (3:22 am)
Reply

Replying to: vlad92 (Dec 29, 2008 7:59 pm)

Congratulations on getting your new Genesis, Vlad. Thanks for taking the time to share the details of your lease with everyone. Make sure to hop on over to the Dealer Ratings & Reviews to share your thoughts on your recent dealer experience as well. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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