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Hyundai Genesis Lease Questions

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  • Carman
    Can you give me some feedback on this deal that was offered to me today in so cal:
    3.8 Sedan with Tech
    36 mo lease, 20K miles per year
    Sales price - 36,999
    $1300 due at signing
    Total mo payment - $567

    Dealer said he would throw in Winged badges.
  • I'd be happy to take a look at this deal, manniodl. What is this car's MSRP? Knowing it will enable me to see how much of a discount you are being given on it.

    Car_man
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  • Car-man, I'm looking to lease a v6 Genesis sedan this weekend and I was wondering if you were aware of any special lease deals that Hyundai may be offering? I live in the Boston area and nearly leased a Genesis last month for zero down and $380 per month for 36 months. Thought I might be able to do a little better by waiting. Also, Do you recommend any of the premium packages on v6 leases?
  • I am working on a lease for this car. Only one dealer so far has given me hard figures as to the money factor and residual %. According to him, these are the numbers given by Hyundai themselves for the special ending on Feb 28, 2011. Can anyone confirm these numbers?

    Genesis Coupe Automatic Transmission (Base)
    $24350 MSRP
    $21900 Base Cap Cost (TrueCar NoHaggle Price)
    $595 Bank Fee
    $1000 Manufacturer Incentive
    $21495 Adjusted Cap Cost
    59% Residual ($14367)
    .00167 Money Factor
    36 Months
    12000 miles/yr
    8.1% Sales Tax

    $7128 Depreciation
    $2156 Finance Charge
    $833 Total Sales Tax
    $10036 Total Payments

    $257.89 Monthly Payment Before Tax
    $20.89 Monthly Sales Tax
    $278.78 Total Monthly Payment
  • Typical dealer bull****

    They said "my manager agreed to $1000 dealer cash but he's raising the rate to make up for it"

    Oh dear.
  • Hi cmac6041. Hyundai is running a special lease program on the Genesis Sedan right now, but I don't believe that it sweetened its deal for President's Day. Its program for this car should be the same as it was earlier in the month.

    Car_man
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  • Hi, if anybody has any knowledge to help me, it sure would be appreciated.

    I am getting ready to buy a fully loaded Genesis Coupe that had a MSRP of $32250
    with a $2350 down payment, with an agreed upon price of $31,000, full sticker was $33150 not counting sealant and other bs charges. Not quite sure what the lease factors and fiqures should be with excellent credit and if this is worth paying for. Suppose to purchase tomorrow. Little help please.
    Thnks,
    Hank
  • gramanagramana Posts: 1
    Hi Car Man,

    Can you tell me the current money factor and residual value for a 2011 Genesis 3.8L sedan with tech package (premium included) (3 yrs, 12k miles)? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gramana. According to the latest information that I have seen, Hyundai Finance's buy rate lease money factor and residual value for a 36 month lease of a 2011 Genesis 3.8L Sedan with 12,000 miles per year are .00061 and 54%, respectively.

    Car_man
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  • marco27marco27 Posts: 8
    edited March 2011
    Car man- why is there never any discussion about Genesis lease deals that seem to be available that are way better via brute negotiation than any mf and rv calculator you can input with Hyundai's published numbers? I leased a 2011 Genesis Sedan loaded to the hilt with Prem and Tech pkgs with 0 down and $399/mth for 36ths and 12K mi. Can you pull those numbers out of published lease rates that are used in these forums? Doesn't seem like it, but I got one. Like most lessors, I have no plans to buy this car, so all the other numbers regarding purchase at lease end don't matter to me. Am I missing something about my deal?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi marco27. Well, your vehicle's monthly payment is ultimately the most important number. I always find that the easiest way to arrive at the lowest possible selling price is to negotiate as low a selling price as possible. If you're close to dealer invoice minus any available incentives you know that you're getting about as good a deal as you are going to get.

    Car_man
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  • Hi Car_man,

    Can you please give me what the Residual and MF and any lease cash or incentives for 2011 Genesis Coupe 3.8 Track - 6 Speed Manual for a 36-month, 15,000 miles per year lease?

    Also, did Hyundai up the ante and publish rates for 20,000 miles or is the max still 15,000 miles? It is now the end of March. Should you get this later on, please post when you find what it is for April.

    Thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ghetto2315. Hyundai Finance's March buy rate lease money factor and residual value for a 36 month lease of a 2011 Genesis Coupe 3.8 Track with 15,000 miles per year are .00185 and 55%, respectively.

    I believe that 15,000 miles per year is the highest mileage allowance that Hyundai publishes residual values for.

    Car_man
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  • snootchsnootch Posts: 2
    edited March 2011
    Hi Car_man,

    Can you please give me what the Residual and MF and any lease cash or incentives for 2011 Genesis Coupe 2.0 base a/t and 2011 genesis coupe 2.0 premium are for April, 12k miles, preferably 24 month lease if they allow it, though 36 is acceptable as well. I'm strongly thinking about picking one up but only if they have some good deals for April.

    Thanks!
  • zalman33zalman33 Posts: 2
    Hi Car_man,

    I am looking to lease a 2011 Hyundai Genesis Coupe 3.8 Grand Touring with an automatic trans (MSRP of $29,705). This is my first lease and I am trying to learn as much as I can about the entire leasing process, terminology, etc.. I am looking for a 15,000 mile/year lease (since Hyundai does not offer any higher mileage options) and hope to pay up front for an additional 5,000 miles per year @ 15 cents/mile (bringing the projected total to 20,000 miles/year). In trying to understand how to get the best possible deal, I understand it helps to know the residual value and the money factor of the car.
    1) What is the money factor and residual value for this specific year, model, and trim?
    2) Do these numbers (money factor and RV) fluctuate from month to month or are they fixed?
    3) Is the dealer invoice something which I negotiate with the dealer prior to incorporating the money factor and res value into my equation?
    4) Generally, I understand that if I am able to score a deal below dealer invoice, I am getting a good deal. What about a deal that is at or above invoice (but still below MSRP)?
    5) Since I have spent countless hours searching for this information before stumbling onto this forum, I am curious where I can find this information should the need arise to look up these figures for another car?
    If you are able to provide me with above data for both a 15,000 mile/year and 20,000 mile/ year lease that would help. I apologize in advance if any of these questions have been already addressed somewhere else (newb here).
    As a side note, if anyone else reading this has any additional advice regarding this lease or any useful nuggets of information for leasing in general, please help. Any and all help is encouraged and appreciated!! Thank you in advance Car_Man and god bless.

    - Z
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi snootch. Hyundai Finance's April buy rate lease money factor and residual value for a 36 month lease of a 2011 Genesis Coupe 2.0 base a/t with 12,000 miles per year are .00184 and I believe 61%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi zalman33. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Hyundai Genesis Coupe 3.8 Grand Touring with 15,000 miles per year are .00187 and 59%, respectively.

    This program is scheduled to run through June 30th. It is possible that it will be different in July.

    You should negotiate a selling price that's as close to dealer invoice as possible and then make sure that the dealer calculates your monthly payment using the above lease program.

    15,000 miles per year is the highest mileage allowance that Hyundai Finance publishes residual values for. If you need to drive more than that, you will 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 lease-end and have to pay an excess mileage penalty.

    Car_man
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  • gjruddengjrudden Posts: 2
    edited April 2011
    Car-man - Is the money factor and Residual Value the same for the Hyundai Genesis Sedan 4.6? What are the differences for 12,000 miles and 15,000 miles.

    Thanks a ton for your help!
  • jack616jack616 Posts: 10
    I cannot help you with the money factor and residuals, but I do not believe that Hyundai offers a 12000 mile lease - I think it is a minimum of 15000 miles. Hope that helps a bit.
  • zalman33zalman33 Posts: 2
    Wow. Thank you very much!
  • bbkg79bbkg79 Posts: 7
    Hey Carman, what are the residual and MF for a 2011 Hyandai Genesis Sedan 3.8L 36mon/15k per year?

    Also do you have the approx amounts for the: Acquistion fee, Sec dep, Doc fee, Lic fee, title fee?

    Thank you and have a good day!
  • anonymouspostsanonymousposts Posts: 4,202
    We just leased a 2011 3.8 sedan with premium and NAV. The residual for 36 month/12k is 54% and 15k is 52%. The money factor on our lease is .00064. Hyundai Motor Finance charges a $595 acquisition fee. Security deposits are not required, it just depends on your preference. All the other fees are dependent on the dealership and your state's title and licensing fee.
  • bbkg79bbkg79 Posts: 7
    Thanks a lot :)
  • anonymouspostsanonymousposts Posts: 4,202
    No problem. We leased our genesis with a MSRP of $38,355 for $399 per month with zero out of pocket at signing and the dealer making the first payment. Our tax is 6% so the payment ended up at $422.15. This was on a 3 yr/12k lease.
  • Hi! I am looking to lease a 2011 Hyundai Genesis 4dr Sedan V6 with a price of $29,542 after a $2,600 below invoice reduction being offered from the MRSP of $33,850.

    If I gave them $1000 down, what would I expect the lease payments to be provided that I also pay upfront the sales tax? Any range would be most helpful!

    Thanks!

    Randernyc
  • That lease price sounds great! What state are you in? I am in New York State where the sales tax is 8.35%.

    Randernyc
  • Hi Carman
    What are the current Hyundai lease rates and residuals for a 2011 4.6L Genisis Sedan, 12000 miles, 36 months, in Warner Robins, GA 31088, please. How long are the numbers good for?
    Thanks for your help
  • anonymouspostsanonymousposts Posts: 4,202
    We are in GA, sales tax here is 6% and their doc fee was $599. Its a great car. We love it!
  • If you leased yours, would you mind sharing the numbers?
    thanks
  • gen11gen11 Posts: 1
    edited April 2011
    Hi Carman,

    I just received an offer from a dealer to lease Genesis Sedan V8 for $460 monthly(Tax included), $3000 down, 36-month, 15k per year.

    Sale Tax rate is 9.75%

    Is it good deal to take? or there is a chance to have lower monthly payment?

    Please advise me.

    Thanks,
This discussion has been closed.