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Hyundai Genesis Lease Questions

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  • Hey CarMan!

    Do you have the lease numbers for a 2012 2.0T Auto Genesis Coupe with 15k miles at 36 months?

    Thanks,
    Mike
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Ah ha, the Sedan. OK. The numbers are different.

    Hyundai Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Genesis Sedan V6 with 12,000 miles per year are .00136 and 55%, respectively for consumers who qualify for its top credit tier.

    When negotiating your deal, make sure to take advantage of the $1,500 cash incentive that Hyundai is currently providing on leases of this car.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I sure do Mike. Hyundai Finance's current buy rate lease money factor and residual value for a 36-month lease of a base 2012 Genesis Coupe 2.0T with an automatic transmission and 15,000 miles per year are .00185 and 56%, respectively for consumers who qualify for its top credit tier.

    Hyundai is currently providing a $500 cash incentive on leases of this car.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • cpamancpaman Posts: 42
    Carman,

    Long time no speak, you helped me get mine (Genesis) and my wife's (Traverse) lease a couple of years back. My lease is up 4/30 and i'm looking to do another lease with Hyundai for the 2012 3.8 with all options or the 2012 4.6. Can you please tell me the residual and money factor for Hyundai finance for each car along with any incentives for March or April if available. Thanks again.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Welcome back cpaman. Hyundai Finance's March buy rate lease money factor and residual value for a 36-month lease of a 2012 Genesis Sedan 3.8 with 15,000 miles per year are .00136 and 54%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a Genesis Sedan 4.6 are .00136 and 50%.

    When negotiating your deal, make sure to take advantage of the $1,500 cash incentive that is available on leases of this car.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • cpamancpaman Posts: 42
    Thanks Car_Man,

    Great numbers as always, just a quick question, do you think there will be much changes for April lease numbers?
  • dhwjdhwj Posts: 1
    Hi Car Man

    I am negotiating to lease a 2012 Genesis 3.8. The dealer has not given me the lease quote yet but will (according to salesperson) take into account the Costco deduction from price (about $1,000) and the competitive make discount of $1,500. On the dealer's website it indicates a lease capitalized cost of $31,927.58 for a "standard" lease of the Genesis 3.8 (with no options). The initial payment is $2,999 of which $399 is the first month's payment. Is this $31,927.58 the amount remaining after credit for the $2,600 of the $2,999 which is supposed to go to pay down of the "principal" or is it the actual "sales price" from which the $2,600 will be deducted.

    If the lease money factor is .00136 what should the residual be?

    Thanks heaps!!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome cpaman. Hyundai's lease program is scheduled to run through April 2nd. It's difficult to say what its lease program will be like after that, but I suspect that it will be similar.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi dhwj. It depends upon whether the dealer is talking about the gross capitalized cost or the net capitalized cost. Most likely it is the net, which means the actual amount financed with any capitalized cost reductions taken out.

    Hyundai Finance's March buy rate lease money factor and residual value for a 36-month lease of a 2012 Genesis Sedan 3.8 with 12,000 miles per year are .00136 and 56%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Carman,

    I currently have a 2010 GC Track MT acquired in April '09, for $1999 down, $379 mo (plus tax), from a $30250 window sticker, and a $1000 in lease cash from HFMC, on a 36 month term. I wish to lease a 2013 GC Track MT with a $33,625 window sticker, with a dealer seeling price of $33,100. I only have 22k miles on my 2010, so a 12k/ year lease is preferred (or a 10k/yr).

    Working with top tier credit, what is the money factor and residual thru HFMC, and is there any lease cash, or returning customer moneys on this car?

    Thank you for your time.

    BTW, a dealer 250 miles from here gave a $570/mo for 36 with $2500 down lease guesstimate. I guess they've got to put food on their table too, albeit on 24k gold plates.
  • rodhymanrodhyman Posts: 1
    edited March 2012
    I'd really like to know how competitive the offering I'm being given is from the dealer. They showed me the invoice and they also have a $3000 rebate I can use towards the lease. However, I'd like to verify as to whether the money factor and other components they've outlined still have any room for me to negotiate.
    Here are the numbers I was given:
    2012 Genesis 5.0 V* R-spec

    47485.00 MSRP
    44151.00 Invoice
    24692.00 Residual or 52.%
    3000.00 Total rebate (1500 competitive coupon and 1500 lease cash)

    .00209 Money Factor
    12,000 miles

    649.31 Monthly payment with tax, license -- everything -- 35 remaining payments

    884.31 Due at lease start--- includes first montly payment

    I've be very grateful for the feedback!
  • myke0323myke0323 Posts: 8
    Hey Car_Man,

    Do you happen to have the lease numbers for a 2013 Genesis Coupe 2.0T Base, 36 month, 15k miles/year?

    I'm trying to decide between the 2012 and 2013 model.

    Your help is always appreciated,
    Mike
  • Hi Car_Man,
    Hope all is well.
    Could you pls. let me know the money factor for a 2012 hyundai Genesis 3.8L, with Premium & Tech package for 36 months at 15K/yr miles for the month of April. The dealer is telling me the money factor is 0.00194.

    Regards,
    TheWatchMan
  • hpowdershpowders Posts: 4,269
    Hi Car_man.

    I would like the residual and money factor for a 2012 Genesis sedan with premium package, 10,000 miles a year, 36 months.

    Thank you!

    hpowders
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Mike. Hyundai Finance's April buy rate lease money factor and residual value for a 36-month lease of a 2013 Genesis Coupe 2.0T with 15,000 miles per year are .00223 and 66%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    All is indeed going very well, thanks TheWatchMan. According to the information that I have seen, Hyundai Finance's April buy rate lease money factor and residual value for a 36-month lease of a 2012 Genesis Coupe 3.8L with Premium, Tech and 15,000 miles per year are .00203 and 58%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey hpowders. Here you go. Hyundai Finance's April buy rate lease money factor and residual value for a 36-month lease of a 2012 Genesis Sedan V6 with 10,000 miles per year are .00154 and 58%, respectively for consumers who qualify for its top credit tier.

    There is a $1,500 cash incentive on leases of this car right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • hpowdershpowders Posts: 4,269
    Thanks, Car_man! :)
  • fldave0513fldave0513 Posts: 2
    edited April 2012
    Trying to get an RSpec for 48 months with 15K miles/year.

    Dealer is saying a good deal since Genesis' are leasing at $399 for base model & $2500 down:
    zero down except for tax tag and 1st payment
    47 remaining payments of $559 + tax.

    Is this good based on current residual and money factor? I have top tier credit. Thank you!
  • techointechoin Posts: 3
    Looking to lease 3.8L base..the best quote which I received is 29.5K.. or $279 mo with $2000 down for a 48 months 12K lease..

    Is this good deal?

    This is my first time leasing..I have heard many stories around the dunlop tires on this car needing to be changed very early ..do I need to factor any other costs? Once I agree on lease payment..I dont't want to pay any extras on major maintenance..

    Thanks for the help.this is awsome forum
This discussion has been closed.