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Hyundai Genesis Lease Questions

244 messages,  Last post on Nov 24, 2009 at 7:38 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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#96 of 244
Re: Lease program details for 39 month lease [roberts10] by cpaman
Apr 16, 2009 (3:57 pm)
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Replying to: roberts10 (Apr 11, 2009 12:07 pm)

I am in talks with a dealer on a 3.8 lease deal with tech package, let me know what you think:
 
MSRP - 40,100
Sales price - 37,693
Money Factor - .0006
36 Months
Residual - 49%
Cap Cost Reduction - 2,200
Rebate - 1,000
Payment - $462
 
If i get the 3.8 without tech package:
MSRP - 34,000
Sales Price - 29,546
Payment - $311
 
I am going for a test drive this weekend, i'm not sure about the MSRP, i will work on talking that down, otherwise these deals looks great, am i missing something cuz it looks a little too good to be true.
 
CPAMAN
#97 of 244
Re: Lease program details for 39 month lease [cpaman] by roberts10
Apr 16, 2009 (6:47 pm)
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Replying to: cpaman (Apr 16, 2009 3:57 pm)

The car with Tech package which has the 462 payment.. Does that include tax or plus tax?? I think that is a good deal with Tech... Thats the deal they gave me as well.
 
For the basic car at 311...I think thats good too... But i wanted all the bells and whistles. so I went with the loaded car. I didnt deal on a basic car. so not sure on that payment.
 
There is also a premium package you can price out. with some goodies on the car.
#98 of 244
Re: Lease program details for 39 month lease [cpaman] by kingpcgeek
Apr 17, 2009 (9:07 am)
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Replying to: cpaman (Apr 16, 2009 3:57 pm)

Any leasing expert will tell you do not do a cap cost reduction. The disadvantage of a cap cost reduction is that, should your vehicle get stolen or totaled in an accident, you probably won't get any of the down payment returned to you.
 
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
#99 of 244
Sales tax on car leases by cpaman
Apr 18, 2009 (3:10 pm)
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CAR MAN
 
   Quick question, how do you calculate the sales tax on car leases if you want to pay the tax up front. Do you pay tax only on the total lease payments?? Do you also include tax on the cap cost reductions (downpayments and/or trade in)? I am about to seal the deal on my lease and when i tried to recalculate the sales tax it didn't add up. The total lease payments come to $13,658.68 and the sales tax in NY is 8.375%, so the amount i come to is $1,144, the amount the dealership quoted me is $1,644.52 which is about $500 difference, please response as soon as possible i need to give them an answer by Monday. Thanks for your help
 
CPAMAN
#100 of 244
Soth Florida dealers doing good leases? by bill2006
Apr 18, 2009 (3:56 pm)
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This forum has been very informative . I really like the Genesis V6 with tech package. Some of the recent lease prices sound great. If I could get those same numbers(less than $500/ month including taxes) I would be very interested.
 
Anyone know dealers in southFlorida that are willing to match ?
 
Thanks
#101 of 244
South Florida leases by toye
Apr 19, 2009 (4:52 am)
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Yesterday I finally bit the bullet and leased a Genesis at the Hyundai on I75 near Weston.
3.8 Silver/black interior, wing badges
$515 including taxes
$2500 down payment including 1st month
36 month lease.
49% residual
15,000 miles per year
$19,280 to buy at the end of 36 months
 
I think the $19,280 would seem quite reasonable for this car in 3 years if I keep with in the mileage. If the Genesis catches on like it has then I would think that this car will be worth low to mid 20's depending on condition and wear and tear. A first for Hyundai.
 
Hope this helps.
#102 of 244
Re: South Florida leases [toye] by bill2006
Apr 19, 2009 (6:46 am)
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Replying to: toye (Apr 19, 2009 4:52 am)

Toye
Was that a v6 with tech package? Sounds like a great deal.
#103 of 244
South Florida leases by toye
Apr 19, 2009 (8:35 am)
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V6 Tech package
I thought it was about the best I could get here in South Florida. I hear some dealer in WPB were marking up the Genesis by 5k. If the demand is building for car expect it to happen more often.
 
It took 2 plus hours to get that deal so it wasn't easy.
 
I have owned a 96' Accent, 00' Sonata, 04' XG350 and just recently a 06' Azera. Every car was a major step forward and now the Genesis just blows everything away including the competition.
#104 of 244
Re: South Florida leases [toye] by bill2006
Apr 19, 2009 (10:32 am)
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Replying to: toye (Apr 19, 2009 8:35 am)

toye
That sounds like a fantastic endorsement of Hyundai. You have had almost every model. I have been following the Genesis since it started hitting the car mags. It sounds super. I think leasing will work for me.
I'll check in with that dealer on route 75 in Davie.
Thanks again
bill2006
#105 of 244
Re: Genesis Hosts [Car_man] by markinfrisco
Apr 19, 2009 (2:04 pm)
Reply

Replying to: Car_man (Feb 06, 2009 3:42 am)

Car man....
 
Does Hyundai still have the 27 month lease deals going on right now? I am wanting to lease the V8 with 15,000 miles a year.

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