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Hyundai Genesis Lease Questions

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  • xxozxxoz Posts: 2
    If I was interested in the 27 month lease with either 18k or 20k mile allowance per year, can anyone give me the necessary values for this?

    I am considering a 3.8 V6 with Tech Package.
    Thank you!
  • skylabskylab Posts: 37
    Car_man, could you please provide the current 12k-a-year money factors and residuals on the V8 Genesis at 24 and 27 months? Many thanks.
  • Car-man - Is the .00027 money factor and 58% residual for a 27 month lease the same for a V6 with Premium package as opposed to a V6 with Tech?
  • Congrats on getting your new Genesis, chicagotouareg. Thanks for taking the time to share the details of your lease. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride :shades: !

    Car_man
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  • Hi xxoz. I believe that 15,000 miles per year is the highest mileage allowance that Hyundai Finance publishes residual values for. If you need to drive more than this, 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.

    Hyundai Finance's current buy rate lease money factor and residual value for a 27 month lease of a 2009 Genesis V6 with 15,000 mils per year are .00027 and 58%.

    Car_man
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  • Hi skylab. Hyundai Finance's current 27 month buy rate lease money factor and residual value for a 2009 Genesis V8 with 12,000 miles per year are .00027 and 56%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Yes, sandy25, they are the same for all V6 models.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • After negotiating and agreeing on a price, when I showed up to sign the lease I was then told about a disposition fee of $400 due at lease end if I didn't purchacde the car. Do you folks have this fee in your leases?
  • Hi sandy25. Many banks, including Hyundai Finance, charge disposition fees at lease-end. This is a standard charge that's levied by the bank that you are leasing through. Individual dealers cannot waive it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi everyone, If I wanted to lease genesis base model for 36x12k can I do it? or It has to be a 27mos lease?

    Also assuming the Invoice price what would be my mos payments with $3000 down 36mosX12k yeasr?
  • jeffaljeffal Posts: 28
    chicagotouareg,

    I'm in the Chicago area too and I'm thinking about leasing a new Genesis. I have two Hyundai dealers near me, but they have horrible reputations and deals. Can you tell me what dealership you got your Genesis from?

    Thanks.
  • jeffaljeffal Posts: 28
    toyoman8,

    Yes, you can lease the Genesis for 36 months and 12K miles.

    I'm not sure what your lease payments would be, but you should email or call several Hyundai dealers in your area and get a lease quote. That way you'll have an idea of what you'll have to pay.

    Also, it does not make any sense to put $3000 down for a lease. When you ask for a lease quote make sure to tell them you want to put $0 down and you want the taxes rolled into the monthly payment. That will make things easier.
  • Current offer from Ohio dealer:

    40,150 MSRP V6 with tech pkg.
    37,995 Sale Price
    500 Lease cash discount
    37,495 Final Sale Price

    15K miles, 27 months @ 506.40 with 3659.34 down which includes taxes, etc.

    Any advice would be appreciated.

    Also, I am 4 payments from the end of my Lexus es350 lease and don't know whether I should wait and hope the lease programs get even better or roll the 4 payments into this deal.
  • JEFFAL

    I purchased my Genesis from Pugi Hyundai. They were very pleasant to work with, I tried working with other dealers and they either (a) had no idea how to work the incentives from hyundai or (b) were trying to rip me off. Either way their payments were off in some cases by $300 a month. Even the exisiting dealer I leased a Hyundai at from 24 months earlier gave no where near the deal I received at Pugi, You should check them out and ask for Patrick he was a good guy to deal with
  • Hi toyoman8. If you reeeeeally wanted to you technically could lease a Genesis for 36 months instead of for 27 months. However, if you go with a 36 month I believe that this car's money factor jumps from the special .00027 (0.64% interest) to .00340 (8.16% interest). Needless to say, it makes much more sense to go with the 27 month lease.

    I would be happy to work up a sample lease payment on the exact car that you are interested in for you, however in order for me to do so I need you to provide me with its full MSRP and its dealer invoice price.

    Car_man
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  • Not sure if this helps anyone, but I just brought my Genesis home this evening after signing this lease deal here in Omaha:

    MSRP: $33,000 (base V6)
    Selling Price: $29,700
    Lease Rebate: $500
    Term: 27 months @ 12K miles / year
    MF of .00027 with 59% residual
    Monthly base payment (pre-tax): $373.88

    0 cap reduction paid up front.

    Paid $1260.17 at delivery which included acq fee of $595, doc fee of $199.50, title of $10, tax on fees of $55.62, and first month payment of $400.05 (includes tax).

    Not sure how this stacks up, but I'm pretty happy with it.

    See you on the road!

    Vlad
  • The 27mo lease seems good to me. And at lease end, I assume the price to purchase is 59% residual of the negotiated "purchase price" or car value, for example, $17,700 on a value of $30,000. My question is whether the car's trade-in value will be more or less than the residual value. My intention would be to keep the car.
    Thank you
  • The residual percentage is multiplied by the MSRP, not the selling price...

    Moderator - Prices Paid, Lease Questions, SUVs

  • Thank you. That was not clear to me. Now I'm less sure leasing is the best way to go on a V6 Genesis. Of course, the whole strategy in car sales is to keep the buyer a bit confused (IMHO). Does the "capital cost reduction" (if any) get credited somehow to the residual value, or just go into the dealer's pocket? Thanks
  • The CAP cost reduction lowers the amount financed, ergo a lower lease payment.. So, it's not money lost, but generally, it is a good idea to lease with as little down as possible.

    If you are looking to lease, with the idea of buying the car at lease end, you will usually be better off purchasing the car in the first place.

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

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