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Hyundai Genesis Lease Questions

263 messages,  Last post on Dec 08, 2009 at 5:38 PM

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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#44 of 263
Purchasing Extra Mileage on Genesis Lease by webbmeister25d
Jan 21, 2009 (6:54 pm)
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Hello Everyone,
 
Like many here, I'd like to lease a Genesis. I'd been in contact via email with one of the dealerships mentioned in another post, and when in my second email I wrote that I drive 20,000 miles per year and asked how I could pay for this mileage up front to avoid paying a premium/penalty at lease end, the salesperson stopped corresponding.
 
Is 20,000 miles per year out of bounds for leasing a car? I'm not sure where to go from here. I'm not interested in keeping the car beyond the lease period - a new car every couple of years is one of the very few treats I allow myself. Doing this by purchasing and going into the dealership upside down with three years left on a loan gets to be too expensive. Any thoughts?
 
Also, does anyone have any thoughts on using online lease brokers such as 1 Click Auto Brokers?
 
Thank you!
 
Jim
#45 of 263
Re: Purchasing Extra Mileage on Genesis Lease [webbmeister25d] by keithl
Jan 24, 2009 (8:01 pm)
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Replying to: webbmeister25d (Jan 21, 2009 6:54 pm)

I have an offer on a Genesis V6 Tech for 20K miles per year for their current 27 month lease special and it is $690 a month, no money down except first month up front. I consider that an exceptional deal considering is is 9 months shorter than most convential competitive leases. This elease is trhough hyundai and 2 diffeent dealers have matched the offer. The only concerns I have with hyundai leasing is they require you keep a $500 deductable on collision and comp and I keep $1K.
#46 of 263
GENESIS LEASE by roberts10
Jan 28, 2009 (3:05 pm)
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I am looking to lease a new Genesis in the next month when my Acura RL lease expires. Does anyone know if you can do better than the current 27 month lease deal? Are dealers willing to go lower than this deal? Also, I want to lease the V6 but with the tech package. not the base..whats the lease payment on that car? I think the MSRP is $40,000 with everything. Any help on lease pricing would be appreciated.
#47 of 263
Genesis Hosts by sweendogy
Jan 28, 2009 (6:27 pm)
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Replying to: Car_man (Jan 16, 2009 3:25 am)

Hello--
 
just wanted to comment on the host interaction on this chat and would like to say thank you for your comments.. its good to see chats that add value to the channels. ==
Thanks again and keep it up..
#48 of 263
Re: GENESIS LEASE [roberts10] by Car_man HOST
Feb 01, 2009 (7:28 am)
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Replying to: roberts10 (Jan 28, 2009 3:05 pm)

Hi roberts10. 27 months is definitely the term to go with if you want to lease a Genesis through Hyundai Finance right now. That is its most attractive program for this car. Like most manufacturers' official advertised leases, I suspect that you can do better than the payments that Hyundai is advertising on this car right now. In order to do so, you need to negotiate a lower selling price than the one that was used to arrive at the advertised payment.
 
Shop around for the lowest selling price possible on this car. If I was interested in leasing a Genesis V6, I personally would shoot for a selling price of right around dealer invoice minus the $1,000 cash incentive that Hyundai is providing on it right now. You can look up the exact invoice price of the car that you want over in the New Vehicle Pricing section of Edmunds.com.
 
Good luck and let us know if you have any other questions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#49 of 263
Re: Genesis Hosts [sweendogy] by Car_man HOST
Feb 01, 2009 (7:29 am)
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Replying to: sweendogy (Jan 28, 2009 6:27 pm)

Thank you very much for the kind words, sweendogy.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#50 of 263
Re: Genesis Hosts [Car_man] by aohurst
Feb 01, 2009 (8:56 am)
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Replying to: Car_man (Feb 01, 2009 7:29 am)

Car Man,
Do you know the money factor and residual for the V8? Is there a special 27 month deal on the V8 as there is on the V6?
#51 of 263
Re: Genesis Hosts [aohurst] by aohurst
Feb 01, 2009 (9:34 am)
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Replying to: aohurst (Feb 01, 2009 8:56 am)

Wait, from what I can see. Money factor is the same on the V6 as V8 for the special 27 months.
Can you tell me residual for 10k, 12k and 15k on the V8?
#52 of 263
Re: Genesis Hosts [aohurst] by chavogringo
Feb 04, 2009 (2:39 am)
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Replying to: aohurst (Feb 01, 2009 8:56 am)

This is a great forum. Good job guys.
 
I am looking for the new leasing numbers on the v6 with premium and 15000 miles. It is my understanding that the program changed on 2/2/09. What is the new residual value and money factor? Thanks for any help you can provide.
#53 of 263
Re: Genesis Hosts [aohurst] by Car_man HOST
Feb 06, 2009 (3:42 am)
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Replying to: aohurst (Feb 01, 2009 8:56 am)

Hello aohurst. Yes, Hyundai is providing support on the V8 model. Its current buy rate lease money factor and residual value for a 27 month lease of a 2009 Genesis V8 with 15,000 miles per year are .00015 and 53%, respectively. This residual value would be 1% higher for a lease with only 12,000 miles per year. I'm not sure if Hyundai offers a 10k option, but if it does I have never seen anything about it.
 
When negotiating your lease on this car, make sure to take the $1,250 cash incentive that Hyundai is currently providing on leases off it into account.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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