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Hyundai Genesis, Hyundai Genesis Coupe, Car Buying, Car Leasing, Coupe, Sedan
#389 of 657 Re: 2011 Genesis 3.8 Tech Lease Options [timc7]
Jan 27, 2011 (8:40 am)
Itís funny you should post this question, as we just went through this same problem at a dealer in San Jose 10 days ago. It is true the Hyundai leases only extend to 15K miles. You can roll into the lease, or pay up front the additional mileage at 15 cents a mile which would be $2250 (15 cents X 5000 miles X 3 years). Donít let them try and tell you its 20 cents a miles, itís not; only if you pay for the mileage at the end of the lease. Google a car lease calculator, if you havenít done so already. When you look at the screen in the dealerís finance office the money factor and residual value (which Car Man can provide) should be the same as for the 15k mile lease. If I get a vote, go for the 4.6. We have 2, a 2009 that just came off lease, and a 2010. We just replaced the 2009 with a little red 3.8 Genesis Coupe; great fun!! The dealer tried to tell us he had never written up a 20k lease before (ya, and cows can fly) Sorry to be so long. Hope this helps and good luck!!
#390 of 657 Re: Looking for MF and residual on 3.8 [marco27]
Jan 31, 2011 (9:23 pm)
marco27...I would like to lease a Genesis for under $500 per month and can't seem to do it. I gotta know what did your payment end up being with the tax added in?
#391 of 657 Re: Looking for MF and residual on 3.8 [marte]
Jan 31, 2011 (10:43 pm)
I just leased a Genesis v6, automatic with premium and navigation in NJ from Lester Glenn in Toms River. I put down $1900 total out of pocket and was under $400 a month. Does that help you?
#392 of 657 Re: Looking for MF and residual on 3.8 [jack616]
Feb 01, 2011 (6:47 am)
Can you please post more details with your lease? I'm also in NJ and want to try to replicate your lease.
#393 of 657 Re: Looking for MF and residual on 3.8 [binbot]
Feb 01, 2011 (4:13 pm)
Hi. My car was 38400 and the price was brought down to 31,???. I did all of the paperwork over the phone. - (I never walked into any showroom other then to drive the cars I was considering. All of my car negotiations for the past 7 yrs for my family I have done this way and have found this way to be far less aggravating and more beneficial for me.) This is for 12000 miles a year and a 36 month lease (they don't do 39 months). The only thing that I did not like or know about was that there is a $400 fee when the lease is returned at the end of it if I do not purchase the car which I have never done - I would suggest to you that you (when all is said and done) try to negotiate that $400 off - I would have if I had known and tried to have gotten it off of the selling price (they said Hyundai has that on all of there leases).
Originally I had a price of 1500 down with a price of 394 per month (out the door price) with Lester Glenn. It was a little better then what I had gotten from other dealerships. (I had actually negotiated a better price for a 2011 Infiniti g37x of $339 a month plus $1900 down out the door price, but preferred the Genesis.)
I was lucky. It was the last day of the month and since I wanted the Genesis over the Infiniti I decided to call the sales manager, Ed Matthews, who I had spoken with before. I told him the price I had received for the Infiniti and that I preferred the Genesis and would he meet it. He asked if I would take the car that day (January 31st). I said yes and that was that! (I guess there is some truth to waiting until the end of the month!)
I cannot say enough about the sales manager, Ed Matthews, from Lester Glenn Hyundai in Toms River and the young lady Lauren Afflitto who I originally worked with. When we went to go and get the car all of the paperwork was done. AFTER all was completed, Ed told me that he had realized that he had made a mistake after he had agreed; but that it had been his mistake and that he felt compelled to honor it. (Totally opposite of how some of these dealerships work!) The dealership also will give me free oil changes and wheel rotations.
I don't know where in NJ you are, but you might do well to check them out. They were amazingly professional and incredibly nice. (After I checked out the car which looked very good, Lauren (original sales associate) was called outside by Ed. When she came back she told me that Ed was not satisfied with the job that had been done to clean the car and that he had her call the prep people to do a better job. I am a fussy person and expect a car to be perfect. He wanted it to be better then perfect!)
I hoped I answered all of what you wanted to know. Best of luck - I LOVE the car! (If you do speak with them tell them that Leslie sent you!)
#394 of 657 Re: Looking for MF and residual on 3.8 [jack616]
Feb 02, 2011 (5:24 am)
Thank you for the detailed info!
#395 of 657 Is this Genesis 3.8 Sedan Lease Deal Good
Feb 07, 2011 (3:59 pm)
Can you give me some feedback on this deal that was offered to me today in so cal:
3.8 Sedan with Tech
36 mo lease, 20K miles per year
Sales price - 36,999
$1300 due at signing
Total mo payment - $567
Dealer said he would throw in Winged badges.
#396 of 657 Re: Is this Genesis 3.8 Sedan Lease Deal Good [manniodl]
Feb 09, 2011 (4:04 pm)
I'd be happy to take a look at this deal, manniodl. What is this car's MSRP? Knowing it will enable me to see how much of a discount you are being given on it.
Prices Paid: Buying & Leasing Experiences Forum
#397 of 657 Presidents Day Lease Deals?
Feb 18, 2011 (4:46 pm)
Car-man, I'm looking to lease a v6 Genesis sedan this weekend and I was wondering if you were aware of any special lease deals that Hyundai may be offering? I live in the Boston area and nearly leased a Genesis last month for zero down and $380 per month for 36 months. Thought I might be able to do a little better by waiting. Also, Do you recommend any of the premium packages on v6 leases?
Feb 19, 2011 (3:13 am)
I am working on a lease for this car. Only one dealer so far has given me hard figures as to the money factor and residual %. According to him, these are the numbers given by Hyundai themselves for the special ending on Feb 28, 2011. Can anyone confirm these numbers?
Genesis Coupe Automatic Transmission (Base)
$21900 Base Cap Cost (TrueCar NoHaggle Price)
$595 Bank Fee
$1000 Manufacturer Incentive
$21495 Adjusted Cap Cost
59% Residual ($14367)
.00167 Money Factor
8.1% Sales Tax
$2156 Finance Charge
$833 Total Sales Tax
$10036 Total Payments
$257.89 Monthly Payment Before Tax
$20.89 Monthly Sales Tax
$278.78 Total Monthly Payment