Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Hyundai Genesis Lease Questions
259 messages, Last post on Dec 05, 2009 at 2:34 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are pat & karens
|
|
|---|---|
Anyone have any idea what the lease rates are for the base model of the genesis 3.8 2010 in nyc area?
|
|
|
|
|
Replying to: thinkingtl (Dec 02, 2009 2:33 pm) Recall these cars came out last Feb so Hyundai could in theory change the model year in 3 months ! That being the case you'd expect deals to start improving. Cheers Kwaka |
|
It is a really bad idea to lease Genesis because of the miserable residuals. You're going to get similar monthly payments if you lease a loaded BMW 535i because they have a roughly 60% residual on the 5 series.
|
|
|
|
|
Replying to: dulnev (Dec 03, 2009 8:44 am)  1700 down or $363 month with $1500 down). For $3-$8/month variance, I would be inclined to lease leaving me with the option to hand back or buy out after 36 months with no major cost difference. Brgds Kwaka
|
|
|
Replying to: kwakasmith (Dec 03, 2009 9:57 am) I have NO idea what you mean by this or by the rest of your post. You don't have to put ANY money down if you don't want to when you lease a 535. When I advised against leasing the Genesis, it was not directed at the people who are likely to exercise the purchase option at the end of the lease. Majority of people don't. If you are like majority, and you are going to return the car at the end of the lease, then leasing Genesis makes no sense because you would be paying 50% or more of the car's cost over 3 years, as opposed to paying just 40% of the car's cost for a BMW 5 series. The comparison to the 5 series was because I was referring to Genesis sedan, not the cheaper Genesis coupe. Don't get me wrong, I'm not one of those people who scream that leasing is stupid. It is not in general. Leasing BMWs is quite smart because BMW subsidizes leases heavily. It is, however, stupid to lease vehicles with low residual value if you do not intend to purchase the vehicle at the end of the lease. |
|
|
|
|
Replying to: dulnev (Dec 04, 2009 7:06 pm) I'm at a bit of a loss as to why you are trolling this forum. Even with the higher residual and the rebates, based on the current MF, a 535 anywhere near the spec of my 3.8 GT would cost almost $760 a month to lease. If residuals are the be all and end all, why not go and get a Honda Insight. 70% residual for a 3 year / 12000 mile p.a. lease. |
|
|
|
|
Replying to: dulnev (Dec 04, 2009 7:06 pm) $549*/month for 36 months which includes a $2,500 Holiday Finance Credit Vehicle Registered outside N.Y. • $549 First months payment • $3,500 Down payment • $550 Security Deposit • $725 Acquisition fee • $5,324 Cash due at signing As you can see that's a 'whopper' of a down payment. Based on NJ tax, (7%), that would cost me $20,560 in monthly payments on top for a total of $25,884 or an average cost of $720/month over 36 months. Having owned 4 BMW's in the past, and driven the Genesis Coupe, it is a different experience but in my opinion, not worth 100% more. The analysis provided earlier is useful when considering the purchase or lease of any vehicle. For example, it also interesting that an Infiniti G37x Coupe with Prem & Nav which MSRP's at $44825, would cost you approx $12,500 over 36 months based on 55% resid. That's approx $850 more over 3 years than what a base Genesis Coupe Auto would cost you which is a $26500 car and approx half that of the 535i ! That arises from the fact you can get the G37 Coupe currently for $5500 below invoice. Would always reccommend you do the analysis with amortization cacls before committing to any vehicle but final choice will ultimately be a personal one.
|
|
|
Replying to: kwakasmith (Dec 05, 2009 6:08 am) You do not need to put any money down to get the best residual and buy rate money factor. You can greatly reduce the money factor by putting multiple fully refundable security deposits down, but that's your choice.
|
|
|
|
|
Replying to: kwakasmith (Dec 05, 2009 6:08 am) |
|
|
|
|
Replying to: dulnev (Dec 05, 2009 11:42 am) |
|
You are here:
Forums
Sedans Hyundai Genesis Hyundai Genesis Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Hyundai Genesis
2010 Hyundai Genesis Coupe
Browse by Board
Browse by Topic
Today's Chats
