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Hyundai Genesis Lease Questions

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  • walt1walt1 Posts: 9
    I was trying to lease the 2010 Genesis w/Tech package for $500/month and so far I'm unsuccessful. Is this unrealistic?
    MSRP is $41,800, sales price of $36,800, 15K/year

    Bonnie
  • Hi mannyman1. Hyundai is currently running a special lease on the 2010 Genesis Coupe, featuring a low money factor and $1,000 lease cash.

    The following articles should answer any specific questions that you have about calculating lease payments: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Good luck and let us know if you have any other questions.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Does anyone have the Feb 2010 MF and Residual numbers for the V6 and V8 Genesis Sedan? 24-30-36 month terms.
    thanks in advance
  • I sure do. Here you go, ryangambrill. Hyundai Motors Finance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Sedan V6 with 15,000 miles per year are .00175 and 54%, respectively.

    The numbers for an otherwise identical lease of a Sonata Sedan V8 are .00139 and 51%.

    I don't believe that Hyundai is offering 24 or 30 month leases on these cars right now.

    When negotiating your deal, make sure to take advantage of the $1,000 cash incentive that Hyundai is currently providing on leases of the Genesis Sedan.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Can I get residual and mf and any incentives on a 2010 Gen Coupe Track 6sp with Nav 15k/36 months. Thanks all!!
  • ^ the 3.8 manual (forgot to specify that)
  • Hi all-

    For a 2010 Genesis Sedan 3.8 w/Tech package, I was quoted 55% residual and a MF of .00215. Seems high to me as I've been seeing .00175 around the boards. Any thoughts?

    For those of you who've recently gotten the sedan with tech package, what should I expect to get for a purchase price?

    Thank you in advance for your help!
  • Unless you want to get bounced around like crazy driving this car, I would suggest leasing something else. I have a genesis and it drives awful. So bouncey it's ridiculous. I'd pass on this car! The suspension is awful on this car.
  • kenb757kenb757 Posts: 149
    I'm curious, is it a 2009 or 2010. If it's a 2010 Hyundai hasn't improved the ride any. If it's a 2009, has anybody driven the 2010?
  • roberts10roberts10 Posts: 14
    HI..

    My Genesis Sedan is a 2009 V 6 . I have not driven a 2010 so I dont know if the ride is the same as my ride. The car itself looks great inside and out. I have had it one year with no issues, but the Ride is really bad. Its like riding on a wave runner. If you are leasing also be prepared to buy 4 snow tires if you are in a snow area because the car will NOT move at all even in an inch of snow. You HAVE to have 4 snow tires for winter driving or else the car is not driveable. Factor another $1000.00 in expense for this. Hope this helps.
  • toyetoye Posts: 351
    I have a 2009 tech 3.8 (bought it in April 09) and it rides fine. My only problem is that I had to get new tires after 22,000 as the Dunlaps wore out quickly.
  • tjc78tjc78 JerseyPosts: 5,025
    and it rides fine

    Ride is subjective. I don't feel that mine rides all that well either. For some its fine and for others its too soft. I came out of an '06 Avalon and talked myself into wanting something with a firmer/sportier ride. I now know that is not the case. I always bring up the ride when people ask me about the car. If you are coming out a Toyota/Lexus/Buick/ (older) Cadillac you will most likely not be happy with the firm, sometimes unsettled ride.

    1999 Chevy S10 / 2004 Merc Grand Marquis / 2012 Buick LaCrosse

  • Please post Residual and MF for a 2010 Genesis Coupe 3.8 Track with 6MT and Navigation for a 36 or 39 months (whatever the March program is for), 15,000-miles per year. Thank you sir.
  • and also if there are any Lease Cash or Incentives.

    Thank you
  • barrym1barrym1 Posts: 3
    I just leased a 3.8 Track MT Residual was 57% and MF was .0224 which converts to 5.376 rate. Got the I pod cable, wheel locks, mats, and net, out the door 29K. 499/mo plus tax. (I had to roll 6 months of payments on my Infiniti G 35 in to the payment) 15K a year, 1400 in inceptions. 36 months..20 per mile.
  • barrym1barrym1 Posts: 3
    take the sales price and add any fees you want to roll in to the payment. Subtract any down payment. Take that number and X by the resiudal factor. That is what the car is worth at the end of the lease. What you subtracted was how much the car depreciated. Divide the amount it depreciated by the term of the lease (36, 39, etc) that is your dep. payment. Take the amount the car is worth and add it to the agreed sales price. This is what is known as Total money. X by money factor. Move decimal point 2 spaces to the left, and that is your cost of funds payment. Add that to the dep payment and that is your lease payment before taxes. Multiply that payment by 1.0 whatever your stae tax rate is . I live in Fl so it would be 1.06 since I have a 6% tax rate. That number is your lease payment with the taxes.
  • Looking for a 2.0T Premium (6MT) and/or Track (6MT)
    Residual and MF with both 12K and 15K yr, please.

    Credit is Level S or Tier 0 (Super Preferred) = OVER 740 score

    Can you assist please?

    Thank You

    Looking to close by month end!
  • carnut86carnut86 Posts: 16
    This is one of the hottest sports cars out right now! I can't believe how slow this forum is :(
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go Iron Man. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Coupe 3.8 Track with 15,000 miles per year are .00224 and 58%, respectviely.

    When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hyundai Finance's March buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Coupe 3.8 Track with Navigation and 15,000 miles per year are .00224 and 56%, respectively.

    When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi benzserviceguy. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Coupe 2.0T Premium with 15,000 miles per year are .00205 and 58%, respectively.

    The numbers for an otherwise identical lease of a 2010 Genesis Coupe 2.0T Track are .00205 and 57%.

    If you were to lease either of these cars with only 12,000 miles per year their residual values would be 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • de201de201 Posts: 2
    edited March 2010
    Hey guys,

    I'm a complete newbie - while I'm trying my best to read through as much of this forum as possible, it's a little silly to go through 20 pages.

    My car recently went through a puddle and killed the engine. I'm thinking it might be better to sell the car for parts ('02 2.5 Altima) and use that money towards a new car, rather than invest several thousand dollars on an already beat up car.

    That gets me to this - leasing a Genesis Coupe. I live in the Tri-State area, 15 minutes away from NYC in New Jersey. More than likely, my dad will be signing for me (I'm 21, live at home, senior year, interning and already have a job lined up - thus, can *hopefully* afford reasonable payments).

    I'm looking to lease a fairly base-level Genesis Coupe. I don't need navi, a 6 cyl engine, etc. I of course want basic features, as well as an iPod hook up and what not..but don't need to go all out.

    If I have lets say, $2000-2500 available to put down, what kind of payments could I talk them into accepting? Is the $250-280 range possible? My dad has excellent credit, which is obviously a factor.

    Sorry for the long message, and thanks in advance.

    David
  • kwakasmithkwakasmith Posts: 29
    edited March 2010
    David,

    With $2500 down based on 3yrs/36k, you should be able to get the base 3.8 Auto for approx $310+ Tax assuming Hyundai are still offering the $1000 down which I think they are. It's pretty well spec'd out.

    As the 4 pot turbo is $3k less, it should be approx $80/month less depending on the residual.

    PS, I got a 3.8 base Auto one a few months back after a 3 yr stint in a VW GTI and have been very pleased with the change. If your approx 15 mins outside NYC, try Potamkin Hyundai in Harlem.

    Happy hunting.

    Rgds
  • carnut86carnut86 Posts: 16
    edited March 2010
    hello all, just intrested to know what people are leasing genesis coupes for. Im looking to buy one in the next couple months. Just fell in love with coupe after test driving. Thanks in advance.
  • de201de201 Posts: 2
    Kwaka,

    Thank you. Yes, I'm 10-15 mins from the GWB - I'll look into Potamkin. I'd prefer the 2.0 in Auto - it'll be less gas and less expensive monthly for me.

    Judging by your #'s, this would be ideal. Is there a math formula you used to come up with them -> if I could bring something like that to the dealer, I feel like I could have a heads up in coming out a winner.

    Thanks again.
  • kwakasmithkwakasmith Posts: 29
    edited March 2010
    Just worked it back from what I paid with $1700 down for a 3.8 auto which is a $26500 + tax motor. If your looking for an Auto on the 2.0T which I note is +$1250 and not the +$1500 as on the 3.8, the var should be about $90/month. That said, the margins on the 2.0T will be slightly less for the dealer.

    Also, I got reasonably well looked after on the deal, due to buying a new Odyssey off the dealer a year earlier however, the market/economy is still pretty weak so you should be in a good poisition to negotiate. The residual on my car is $14500.

    Based on the above and putting $1700 down, you should be looking to pay approx $230-240/month + TAX.
  • ghetto2315ghetto2315 Posts: 40
    edited March 2010
    The member with the username "tonystarks22" wanted Residual and MF for basically the same trim as me and the same mileage, but mine is with Navigation. So with out Navigation, the 3.8 Track - 6MT has a residual of 58%, but WITH Navigation, it drops to 56%? Is that correct?

    Also, I presume that 15,000 miles is the max published residual and anything above is to be purchased just in case I want 18,000 or 20,000 miles?

    Thank you!
  • nrwaynenrwayne Posts: 44
    edited March 2010
    I visited my local Hyundai dealer to check out the Genesis. The car looked fine, but the sales "consultant" who came to "help" was as clueless as any I've ever met. I'm looking for the Nav/Lexicon upgrade and need 15k/yr for either 2 or 3 years. Seems simple enough though when I asked for a ballpark on the monthly payment, front money, and service cost, the gentleman's face went blank. The best he could come up with was that "they're expensive, maybe $400 a month." When I asked for specifics, he said the monthly lease cost would be $538/month, didn't know how much the front money was, and said I needed to check with the service department to find out about the service costs would. All he knew is that something was supposed to happen every 15,000 miles, but he wasn't sure what that was. He then offered to pay off the balance of my current lease and would pick up the last month's payment on the new lease if I would make a deal today. I guess that means he was hungry. When I asked about the difference between the 2009 and 2010, he said there was a different suspension on the 2010, but he wasn't sure what that meant. As I continued to be amazed by his lack of knowledge, he then said that he was new on the job. Seems that I'll be looking elsewhere for someone who knows what he's selling. Awesome!
  • Thanks Carman!

    ghetto2315, it's my understanding that all 3.8 tracks come standard with the NAV. Carman can you confirm that residual please?
  • tonystarks22, that might be true. Even if it is, Car_man posted 2 different Residuals for you and me and we are talking about the same car with the same amount of miles per year.
This discussion has been closed.