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Hyundai Genesis Lease Questions

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  • Hey carman56. I think that what you see is what you get with Hyundai's incentives on the Genesis at this point. While anything is possible, I personally don't anticipate them making any significant improvements to this car's lease program in the near future.

    Car_man
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    Disclaimer: It is impossible to predict what automakers will do with their future incentive programs with 100% accuracy so don't blame me if a killer enhancement comes out tomorrow :).
  • Hi newser. Manufacturers' official advertised lease payments never include local taxes or fees. You would have to add whatever sales tax and license fees that CA charges you to this deal.

    Car_man
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  • Hi toottoot. The money factor and cash incentive that you mentioned in your post look great. They're right in line with Hyundai's current incentives for this model.

    That leaves this car's selling price as the most important remaining variable. It's excellent that you know what that number is and mentioned it in your post, but we don't have any reference point to compare it to. It would be much easier to tell how attractive this price is if we knew what this car's MSRP or dealer invoice price are. Let us know and I'm sure that either myself or another helpful community member will be happy to tell you what they think.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hey projectvirus. Hyundai's September buy rate lease money factor and residual value for a 36 month lease of a 2009 Genesis Sedan V6 with 15,000 miles per year are .00019 and 45%, respectively. Hyundai is currently providing a $1,000 cash incentive on leases of this car.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi gponick. Hyundai's September buy rate lease money factor and residual value for a 36 month lease off a 2009 Genesis Sedan V8 with 15,000 miles per year are .00090 and 44%, respectively. When negotiating your lease on this car, make sure to take the $1,250 cash incentive that Hyundai is currently providing on it into account.

    Car_man
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  • Hi bmb1767. Hyundai is currently providing lease support on both the Genesis Sedan and Coupe. If you describe the car that you are interested in I would be happy to give you an idea of what its current lease program is like.

    Car_man
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  • Has anyone heard what Hyundai are offering on the Genesis Coupe ? It was $1000 for Sep but would like to know if it's been tweeked for Oct.
  • rj123456rj123456 Posts: 128
    That MF is good at .00019 (less than 0.5%!) but a 44% residual ouch...
  • kyrogokyrogo Posts: 4
    I am also curious as to what kind of incentives Hyundai is offering this month. I'm looking to buy a Genesis Coupe this month (either the 3.8 GT, or 3.8 Track with or without navi). Also, is this rebate incentive applied on top of the negotiated price? I have Associate pricing on Hyundai's, so I'm wondering if this $1,000 can be applied on top of that.

    Also, Carman, could you please post the current lease rates for these models? I appreciate your assistance.

    Thank you,
    Kyle
  • For me it was part of the final negotiated lease price. I'm not sure whether it also applies to an outright purchase. It may just be an offset by the manufacturer as you can't take advantage of the sales tax rebate (valid to year end) on a lease.

    Good luck.
  • Hi Kyle. The $1,000 that kwakasmith mentioned is only available on leases of the Genesis Coupe. However, in the south central U.S. Hyundai does have a $1,000 dealer cash incentive on this car...probably because its special lease program on it is not available in that area.

    Hyundai's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Coupe 3.8 GT with 15,000 miles per year are .00134 and 54%, respectively.

    The numbers for an otherwise identical lease of a Genesis Coupe 3.8 Track are .00152 and 54%.

    The money factors for models that are equipped with navigation are the same, but the residual values drop by 1% on the GT and 2% on the Track when this option is added.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • 2010 4.6 with Tech badge kit & Pack, 6% sales tax
    Dear Eric
    For your information,... a 2010 will lease better than the 2009:

    36 months, $2000.00 cash out of pocket,... plus whatever the tag fees will be, and you are at $654.00/month, tax included with the badging you requested.

    I am looking forward to hearing back from you.

    Sincerely,
    Paul
  • I'm looking into he 2010 Genesis 4.8L sedan. Does anyone know the MF and residual for this?

    thanks
  • I don't know if it goes by state, but I leased a 2010 4.6 here in California on Oct.1st; MF was .00122, residual for 15K miles was 48% with $1000 lease cash from Hyundai.
  • Audiobuff- were you able to negotiate down from MSRP? If so, how close to invoice? Thanks, also I'm in Los angeles, which area was your car from?

    Car-man - did you get different buy rates for Oct. For the 4.8 sedan 2010? Thanks
  • I am looking to lease a 2009 or 2010 4.6 or 3.8. Does of any one have the difference in residual and money factors. for 36 months 15K a year? Thanks
  • I offered them $800 over invoice and they took it. I probably could have stalled, but my lease ran out that same week on an Acura RL so I was caught between a rock and a hard place. I am in the San Jose area.
  • Audiobuff,

    What was your final negotiated price(before taxes) then? Was this the 4.6 with Tech or just the base 4.6?

    Thanks!
  • 2010 4.6L w/ Tech
    Here's what I got in Los Angeles area.

    Cap Cost $40,523
    Down payment $0
    MF 0.00112
    Residual 48% on 15K miles
    Plus $1000 Hyundai Rebate
    Out the door was ~$300 for tags, 1st pymt ($1000 rebate was applied to that)

    This was $500 below invoice. I am very happy with our deal, considering this model is just released. I went to one other dealership that didn't even have any 2010 4.6 in stock. I did not know about a $1295 holdback until after the deal was agreed too, but the salesmen were very cooperative and I'm happy with them making $800. Though, I wonder if I asked for $1000 below invoice if they would've gone for it..hmm...

    For October, Hyundai's buy rates are:
    2010 4.6L: MF 0.00112 with residual 49% for 12k miles, minus 1% for 15K miles
    2009 4.6L: MF 0.0009 with residual of 45% for 12k miles.

    I didn't know about the $400 disposition fee for end of lease though.
  • walt1walt1 Posts: 9
    So what is your monthly payment GreenTurtle?
This discussion has been closed.