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Hyundai Genesis Lease Questions

638 messages,  Last post on May 13, 2013 at 4:40 PM

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What is this discussion about? Hyundai Genesis, Hyundai Genesis Coupe, Car Buying, Car Leasing, Coupe, Sedan

Messages Page 1 of 64

#1 of 638 Hyundai Genesis Lease Questions by kyfdx HOST

Oct 04, 2008 (7:41 am)

Ask your Genesis lease questions here!

#2 of 638 Money factor and residual on Hyundia Genesis by chicagotouareg

Oct 02, 2008 (8:25 am)

Replying to: kyfdx (Oct 04, 2008 7:41 am)
Hey Carman:
 
I am in the market for a V6 Hyundai genesis and want to take advantage of the 24 month lease incentive. What is the money factor and residual on this current lease incentive from Hyundai for the 12,000 miles per year.
 
Thanks!!

#3 of 638 Genesis Lease Money Factor and Residual by chicagotouareg

Oct 06, 2008 (7:36 am)

Car Man:
 
I am in the market for a new V6 Hyundai Genesis Lease. They currently have a subsidy for 24 months lease with 12,000 miles. What is the money factor and residual for this vehicle? Thanks for your help!!

#4 of 638 Re: Money factor and residual on Hyundia Genesis [chicagotouareg] by Car_man HOST

Oct 06, 2008 (6:09 pm)

Replying to: chicagotouareg (Oct 02, 2008 8:25 am)
Hey chicagotouareg. Hyundai Finance's current money factor for a 24 month lease of a 2009 Genesis V6 is the lowest possible .00001. Its residual value for a 24 month, 12,000 mile per year lease is 62%. When negotiating your lease on this car, make sure to take advantage of the $500 cash incentive that Hyundai is providing on leases of this model right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#5 of 638 Re: Money factor and residual on Hyundia Genesis [Car_man] by sandy25

Oct 07, 2008 (1:42 pm)

Replying to: Car_man (Oct 06, 2008 6:09 pm)
Car-Man
 
A quote I got August had a residual of 66% and money factor of .00080. Comparing this to the 62% and .00001 you say is the current deal, would the monthly payment be about the same?
 
And help me with my math...Edmunds has a formula for determining the monthly interest cost of various money factor rates: Cap cost plus lease-end value times the money factor. Using this formula, I tried to compute the monthly interest cost at .00001 on $56973 and got $.56973. Could that be correct? Fifty six cents?

#6 of 638 Re: Money factor and residual on Hyundia Genesis [sandy25] by kyfdx HOST

Oct 07, 2008 (2:15 pm)

Replying to: sandy25 (Oct 07, 2008 1:42 pm)
That's it... $0.56 per month.. finance charge
 
Basically, a zero interest loan..

#7 of 638 Re: Money factor and residual on Hyundia Genesis [kyfdx] by gfish49

Oct 07, 2008 (5:39 pm)

Replying to: kyfdx (Oct 07, 2008 2:15 pm)
What would the residual value be on a 24 month lease at 20,000 miles a year? I assume the money factor would be the same. Thanks!

#8 of 638 Re: Money factor and residual on Hyundia Genesis [gfish49] by Car_man HOST

Oct 07, 2008 (6:22 pm)

Replying to: gfish49 (Oct 07, 2008 5:39 pm)
Hi gfish49. The highest residual value percentage that I have seen Hyundai Financial offer is 15,000 miles per year. The residual for a 24 mo., 15k lease is 62%. If you need to drive more than that, you will likely have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your lease and have to pay an excess mileage penalty.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#9 of 638 Re: Money factor and residual on Hyundia Genesis [Car_man] by vishnus11

Oct 09, 2008 (8:39 am)

Replying to: Car_man (Oct 07, 2008 6:22 pm)
Fantastic car and right now, a great lease deal - I'm in the process of looking for the right numbers.
 
1. There are some contradictions above. Is the residual 62% for 12k/year or 62% for 15k/year?
2. I spoke to my dealer and was told that the residual is the SAME for both loaded (Genesis V6 with Tech) and base V6 Genesis's, but does anyone have something that says otherwise?
3. How much are the fees that need to be paid in this lease (acquisition fee, disposition, etc.)? Are they negotiable?
4. What would be considered a good deal on a Genesis V6 with Tech (MSRP 40k)? I personally feel that $700 down, $510 + tax, would be a good, doable, agressive deal, especially when you factor in the $500 cash incentive they are offering right now.
 
If the $700 down cancels out all the lease inception fees (lets assume fees are negotiable and come out to be $700), you would have to negotitate a price on the vehicle of 37000. Invoice on this vehicle is 37000 minus the $500 cash incentive, so invoice is really $36800. So the dealer is getting $200.
 
Not a bad deal in my opinion, especially if you plan on keeping the car. This is an excellent way to get the car, whilst paying NEGLIGIBLE interest.
 
Experts on here - any thoughts? Advice/Insight appreciated!

#10 of 638 Re: Money factor and residual on Hyundia Genesis [vishnus11] by sandy25

Oct 09, 2008 (11:12 am)

Replying to: vishnus11 (Oct 09, 2008 8:39 am)
I'm not an expert...but stopped into a dealer yesterday and got this quote on a V6 with Nav (I didn't try and negotiate because I don't want to do anything until 11/30 when my current lease expires but from the conversation there was wiggle room):
 
Up front: lst month, Acquisition fee and DMV fees....$1244
$591 inc sls tx x 23 payments
 
This is in the NY metro area (Ct)

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