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Hyundai Genesis Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey gjrudden. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Genesis Sedan 4.6 with 15,000 miles per year are .00058 and 53%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello bbkg79. Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Genesis Sedan 3.8L with 15,000 miles per year are .00038 and 54%, respectively.

    Hyundai Finance charges a $595 acquisition fee on every vehicle that it leases. I believe that it is currently waiving its security deposit requirement for this vehicle. The doc fee will vary from dealer to dealer (it's really just fluff) and the license / title etc. vary from state to state.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Weirvinejr, please see my previous post for the information that you're looking for. Hyundai Finance's residual values for leases with only 12,000 miles per year are 1% higher.

    This program is scheduled to run through June 30th.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gen11. It would be easier for us to evaluate this deal if you were able to provide us with this car's full MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers, it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what they are and I'm sure that either myself or another helpful community member will gladly tell you what they think.

    Car_man
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  • orlando_morlando_m Posts: 19
    Hi,

    Do the forum members have any information when the 2012 Genesis is likely to become available?
  • LASHAWNLASHAWN Posts: 303
    I heard or remember reading it somewhere that they should be arriving by the end of April or middle of May.
  • MSRP of 38K 12K 36 month lease...
    3000 due at signing.. 419/mo with oil change and tire protection..
    3.8L prem with navi package...

    Is this a good deal? Or at least a fair deal?
  • marco27marco27 Posts: 8
    Horrible- walk away, or better yet- demand the deal they should be more than willing to give you. The 2012's are just about here- you should be able to steal a 2011 starting about now. Back in Dec, this was my lease deal:

    MSRP $41,800 Fully Loaded Tech and Prem 3.6 Sedan
    12,000 mi
    $750 Down, INCLUDING 1st Mths Payment
    $400/mth for 36 mths

    4 Free Oil Changes Included

    You should be able to do at least this well or better given the 2012s are almost here. Don't waste time with MF, Resids, etc like you read on these forums- just do brute negotiation with dealer. Hyundai is super aggressive and will make the deal you are capable of negotiating.
  • afmachafmach Posts: 1
    Working on following deal before weekend. Does this sound good:

    2011 2.0T Premium with Nav. $3000 Down $214.00 Per Month
    MSRP 28,030
  • orlando_morlando_m Posts: 19
    are you talking about the Sonata, or the Genesis?
  • anonymouspostsanonymousposts Posts: 4,202
    Doesn't sound like a very good deal to me. We leased our 3.8 Premium/NAV with a MSRP of $38,385 for $399 per month with zero out of pocket at signing. They made the first payment so we have 35 payments of $399.
  • bobbyd0227bobbyd0227 Posts: 2
    first time leaser here, when you guys talk about 750, or no money down for 399/mo, are you guys paying taxes separately or is that part of the 399 payment
  • anonymouspostsanonymousposts Posts: 4,202
    Our payment was 399 + 6% tax = $422 total payment with zero due out of pocket
  • marco27marco27 Posts: 8
    I did even better- same deal on a $41,800 MSRP car with Prem and Tech Pkgs- fully loaded!
  • I would like to know where you got that deal. $399.00 With nothing down is a solid deal.Was it in South Florida ?
  • bobbyd0227bobbyd0227 Posts: 2
    Thanks Guys this has been really helpful...Back to the "St"ealers armed with with this info...
  • anonymouspostsanonymousposts Posts: 4,202
    This was in Atlanta. We shopped dealers near Tampa since I have family in that area but no one would touch the deal that we got here. We probably could have bargained for the Tech Package at the same price but the non-tech package Genesis with NAV actually has slightly newer software and it makes streaming bluetooth audio much easier. We also didn't want the self-leveling headlights.
  • izhdizhd Posts: 1
    Hi All,

    I'm looking into leasing v6 genesis sedan with tech pckg. Did anyone had experience on good bargain here in SoCal?

    Thank you.
  • LASHAWNLASHAWN Posts: 303
    Which dealer in Atlanta? I'm in Savannah and think may suit best if I buy from dealer outside of city.
  • sonbi74sonbi74 Posts: 1
    I am being told by the dealer that the Money Factor and Residual for a Genesis Coupe 3.8 GT is:

    Money Factor: 00.00227
    Residual: 59%

    Is this accurate?

    Here's the deal:

    MSRP $31,225
    Cost $27,500
    Dealer Fee $499
    Acquisition Fee $599
    Title Fee $27
    First payment down

    Monthly payment $420 excluding taxes

    That seems fishy to me.
  • anonymouspostsanonymousposts Posts: 4,202
    Rick Case Hyundai in Roswell. Southtowne Hyundai was a bit cheaper @ 389 + tax but we decided just to go with the closer car.
  • janesyjanesy Posts: 1
    Hi there,

    First time leasing a new car... biting nails!

    Looking at a 2011 Genesis 5 door base model and 15,000 miles per year for 36 months. They are quoting me zero down and $401 per month incl tax - I'm in Los Angeles so the tax is pretty heavy here! Is this a good deal? I just don't know!!! Help :-)

    I'm also being offered:

    2012 HYUNDAI GENESIS B0422 4dr Sdn 3.8L V6 . 15k per year, Zero drive off and $469 per month. I don't really want to jump up the extra $69 per month and having driven both cars the 2011 would do me fine...

    Any thoughts and advice would be magnificent. Thank you!!!!
  • ahashmiahashmi Posts: 75
    You should ask what is the MF and RV on the 2012 Genesis.

    Car_man may be able to provide it as well.
  • ghetto2315ghetto2315 Posts: 40
    Are there any published rates and residuals for the 2012 Genesis Sedan 5.0 R-Spec? Looking for the program for a standard lease term length and at 15,000 miles. Thank you!
  • argosargos Posts: 1
    Dear Car Man,

    In South Florida
    2012 genesis 3.8 Prem Package w/ NAV.
    MSRP $39,900 and the Dealer Cost of $37,500.
    Excellent credit. I only want to pay 1st month down.
    What should the Cost of a 36 month / 15,000 miles a year lease be??

    Thank you for your input!
  • manchegomanchego Posts: 3
    Anyone have lease rates, MV, and RV for 15K Genesis 6cyl with tech/prem pkg in southeast U.S.? I am in Tampa. I've got a few weeks to work with and want to be armed with latest deals. I see the MSRP is only about $500 more than the 2011..
  • zacwarezacware Posts: 16
    edited June 2011
    Main Question.......under Hyundai's current lease promotion. what are the money factors and residuals for a Genesis V6 Sedan, 2011 and 2012 with 12,000/15,000 miles

    I tried using the residuals and money factors posted earlier in this forum to compare the payment on Hyundai's web site and it was $80 more than what Hyundai posted.

    ========

    Last year, when I needed to finance a Sonata, I brought up TrueCar.com, got the price for a Sonata, and after some grumbling, I got the price I wanted. I was fully prepared to buy from the TrueCar dealer down the road if they didn't match it.

    Now I want a 2nd car for the family, and I want a V6 Genesis Sedan, maybe with options.

    I do not know how to negotiate a lease like I have for years when financing

    Anyway, I'm almost going to pass on the Genesis because due to it's high price I need to lease it and my ability to negotiate a lease with confidence is zero. Are there any resources online that people have trusted to help with lease prices?

    I noticed above in a previous post that someone said they got this lease back in December....

    MSRP $41,800 Fully Loaded Tech and Prem 3.6 Sedan
    12,000 mi
    $750 Down, INCLUDING 1st Mths Payment
    $400/mth for 36 mths

    That's significantly better than the lease Hyundai advertises on their website. How do I approach getting a lease like this. If I could get this type of deal, I can lease a Genesis (although I'll have to pay for more miles)

    Funny note about this whole process....

    I made a first trip to the dealer today.

    My amazing frustration is how little many sales people always seem to know about the cars they sell

    He told me I was eligible for a $1000 loyalty rebate. WRONG. It says right on their website I'm eligible for 1500

    He told me the 2012's won't be here until September. I can pull up dealer inventory and found one dealer with 12 2012's already in stock

    He said that prepaid miles are at a rate of 0.20 a miles. That's the rate charged for post-paying miles.

    It wasn't even a year that I made it clear I'm aware of pricing tools by pulling up TrueCar.com right in front of him on my iPad, yet he seems to be doing everything he can to get me to not buy a genesis.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hyundai has indeed published a lease program for the 2012 Genesis Sedan R-Spec. If you were to lease one through Hyundai Finance right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00219 and 56%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi argos. Thanks for providing the necessary pricing data. Let's work up a payment on this car and see what we come up with. Hyundai is currently providing a $2,000 cash incentive on leases of this car. Let's say that you were able to get it for $750 over over invoice. After taking the cash into account, the cap cost for this lease would be 36,250.

    Using this cap cost and an MSRP of $39,900, I estimate that this car would have a 36-month, 15,000 mile per year, zero down, pre-tax monthly payment of around $485.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, manchego. Hyundai Finance's June buy rate lease money factor and residual value for a 36 month lease of a 2012 Genesis Sedan V6 with 15,000 miles per year are .00199 and 60%, respectively for consumers who qualify for its top credit tier.

    While it's true that the MSRP of the 2012 model is not significantly higher than the 2011 model, the money factor for the '11 is much lower plus there's a $2,000 cash incentive on leases of it which isn't available on the '12.

    Car_man
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This discussion has been closed.