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Hyundai Genesis Lease Questions

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  • 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: 67
    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: 6
    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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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings zacware. Hyundai Finance's June buy rate lease money factor and residual value for a 36 month lease of a 2011 Genesis Sedan V6 with 15,000 miles per year are .00037 and 49%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a '12 model .00199 and 60%.

    There's a $2,000 cash incentive on leases of the 2011 model, but no lease cash on the 2012 model.

    As you mentioned, there is a $1,500 loyalty cash incentive on this model as well.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • manchegomanchego Posts: 3
    Thanks Car_man. Anyone have any inkling of when/if Hyundai will be reinstating the $2K cash incentive on the 2012? Any other known reductions besides the $1500 loyalty on 2012's? Or anyone have any deals on 2012 V6 with Tech/Prem pkg with 3yr 15K mile lease?
  • myke0323myke0323 Posts: 8
    Hi,

    I'm looking for the July residual value and money factor for the 2011 Genesis Coupe 3.8 GT with 15,000 miles.

    Also, has Hyundai extended their competitive owner rebate? I believe the previous offer of $1,000 expired on 6/30.

    Thank You
    Mike
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Mike. Hyundai Finance's July buy rate lease money factor and residual value for a 36 month lease of as a 2011 Genesis Coupe 3.8 GT with 15,000 miles per year are .00098 and 53%, respectively for consumers who qualify for its top two credit tiers.

    Hyundai did extend the $1,000 owner loyalty cash that is was providing on this car in certain areas.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • edrpcedrpc Posts: 10
    Can someone please post the Money Factors for the Genesis Sedan for July. If possible it would be nice to see them for both the 2011 and the 2012. Also, did Hyundai continue the lease manufacture cash of $2k for July on the 2011?
  • leon_0905leon_0905 Posts: 17
    Hyundai currently has a promotion for $399 lease for Genesis for 36 months 12k/year.
    Does anyone know on what MF / Residual value the payment is based on?
    What about 10K? 39 months?

    Also, does Hyundai have something similar to MSD (multiple security deposits) like Infiniti that reduces MF?
  • So most of the data I have seen is for top tier credit, is there any info out there for less then perfect or is leasing thru HMF not an option??

    Thanks!
  • My local dealer has two 2011's left on his lot, a fully loaded V6 and a V8, I like both colors, and the prices are within 2k of each other. So at this point for me its which I could get a better lease deal on.

    Any opinions??

    Thanks
  • edrpcedrpc Posts: 10
    Hyundai currently has a promotion for $399 lease for Genesis for 36 months 12k/year.
    Does anyone know on what MF / Residual value the payment is based on?
    What about 10K? 39 months?

    Also, does Hyundai have something similar to MSD (multiple security deposits) like Infiniti that reduces MF?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi edrpc. Hyundai Finance's July buy rate lease money factor and residual value for a 2012 Genesis Sedan V6 with 15,000 miles per year are .00199 and 60%, respectively for consumer who qualify for its top credit tier.

    The numbers for an otherwise identical lease of an '11 Genesis Sedan V6 are .00037 and 49%.

    Yes, the $2,000 cash incentive that you mentioned is still available on 2011 Genesis Sedans, but there is not currently any cash on leases of the '12 model that I am aware of.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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