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Prices Paid: Buying & Leasing Experiences Hyundai Genesis Lease Questions
241 messages, Last post on Nov 22, 2009 at 6:32 PM
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My 30-month HMFC '07 Azera lease terminates the middle of April. I recently received a cover letter and documents to complete pertaining to either the purchase of, or returning the vehicle. While I love the car, the last 29 months has proven than I really don't need a 4-door large sedan now, let alone a slightly larger 4-door like the Genesis. I am however interested in the just now starting to arrive Genesis Coupe. Here is the telephone exchange with a "customer service" rep. at HMFC Fountain Valley, CA: 1. If I purchase, can I finance with HMFC? "No, we want cashiers check in full" 2. I am interested in the new Hyundai Coupe but a reasonable selection won't be available locally by middle of April. Can I extend the current lease in anticipation of leasing or buying the new Coupe? "No, purchase or turn it in by the date specified on the lease contract" 3. Are you sure about that? "Yes" One would think if a consumer is dropping off a lease return to the dealer, the manufacturer, and certainly the dealer would want that consumer to leave the dealer in a new vehicle of the same brand. I believe it's referred to as "loyalty".
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Replying to: dborth (Mar 07, 2009 3:53 am) |
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Replying to: dborth (Mar 07, 2009 3:53 am) I think you may have better luck if you work thru your dealer. They are hungry for business.
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Replying to: sandy25 (Mar 08, 2009 1:11 pm) One would think so but in my case, the dealer that originated the lease is out of business. The dual brand dealer that has been servicing my Azera since probably doesn't know my lease is about to terminate, otherwise I am sure they would be hounding me. |
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Does anyone know the money factor, residual, and lease term for the V6 with premium package. I am hearing that the money factor went up for March and the reisdual lower.
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Model: V-8 with tech package on a 36 month, 12k mile per year MSRP: $42,000 selling price: $39650 Net Cap cost : $38,400 ($39650 minus $1250 Hyundai lease incentive) Residual: 47% Money Factor: 0.00090 Monthly payment is $570.66 a month plus sales tax. $1200 due at signing, which covers 1st month payment, tag, title and typical dealer fees Thinking about pulling the trigger, but I am a little apprehensive about the residual and money factor quotes. Anybody have any advice?
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Replying to: gatorfan123 (Mar 09, 2009 8:40 pm) |
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I spoke with another dealer today, and he offered me a V-8/tech on a 36/month lease, I was able to negotiate a $562 a month plus tax with $1100 down, which includes first month payment. Afterwards, the dealer from my above post called and I told him thanks for working with me, but I decided to get the car at another place. Without even asking for a counter offer, he put the sales manager on the phone, and I was offered $1100 down and $551 a month plus tax. Here is the final numbers: Model: V-8 with tech package on a 36 month, 12k mile per year MSRP: $42,000 selling price: $39000 Net Cap cost : $37,500 ($39000 minus $1250 Hyundai lease incentive) Residual: 47% Money Factor: 0.00090 Monthly payment is $552 a month plus sales tax. $1100 due at signing, which covers 1st month payment, tag, title and typical dealer fees.
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Replying to: gatorfan123 (Mar 10, 2009 8:45 pm)
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Replying to: w_palm_tiger (Mar 11, 2009 4:06 am) I am sure the dealers here will make this deal again if you were interested in driving up here. |
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