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Hyundai Genesis Lease Questions

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  • Hi Kyle. The $1,000 that kwakasmith mentioned is only available on leases of the Genesis Coupe. However, in the south central U.S. Hyundai does have a $1,000 dealer cash incentive on this car...probably because its special lease program on it is not available in that area.

    Hyundai's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Coupe 3.8 GT with 15,000 miles per year are .00134 and 54%, respectively.

    The numbers for an otherwise identical lease of a Genesis Coupe 3.8 Track are .00152 and 54%.

    The money factors for models that are equipped with navigation are the same, but the residual values drop by 1% on the GT and 2% on the Track when this option is added.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 2010 4.6 with Tech badge kit & Pack, 6% sales tax
    Dear Eric
    For your information,... a 2010 will lease better than the 2009:

    36 months, $2000.00 cash out of pocket,... plus whatever the tag fees will be, and you are at $654.00/month, tax included with the badging you requested.

    I am looking forward to hearing back from you.

    Sincerely,
    Paul
  • I'm looking into he 2010 Genesis 4.8L sedan. Does anyone know the MF and residual for this?

    thanks
  • I don't know if it goes by state, but I leased a 2010 4.6 here in California on Oct.1st; MF was .00122, residual for 15K miles was 48% with $1000 lease cash from Hyundai.
  • Audiobuff- were you able to negotiate down from MSRP? If so, how close to invoice? Thanks, also I'm in Los angeles, which area was your car from?

    Car-man - did you get different buy rates for Oct. For the 4.8 sedan 2010? Thanks
  • I am looking to lease a 2009 or 2010 4.6 or 3.8. Does of any one have the difference in residual and money factors. for 36 months 15K a year? Thanks
  • I offered them $800 over invoice and they took it. I probably could have stalled, but my lease ran out that same week on an Acura RL so I was caught between a rock and a hard place. I am in the San Jose area.
  • Audiobuff,

    What was your final negotiated price(before taxes) then? Was this the 4.6 with Tech or just the base 4.6?

    Thanks!
  • 2010 4.6L w/ Tech
    Here's what I got in Los Angeles area.

    Cap Cost $40,523
    Down payment $0
    MF 0.00112
    Residual 48% on 15K miles
    Plus $1000 Hyundai Rebate
    Out the door was ~$300 for tags, 1st pymt ($1000 rebate was applied to that)

    This was $500 below invoice. I am very happy with our deal, considering this model is just released. I went to one other dealership that didn't even have any 2010 4.6 in stock. I did not know about a $1295 holdback until after the deal was agreed too, but the salesmen were very cooperative and I'm happy with them making $800. Though, I wonder if I asked for $1000 below invoice if they would've gone for it..hmm...

    For October, Hyundai's buy rates are:
    2010 4.6L: MF 0.00112 with residual 49% for 12k miles, minus 1% for 15K miles
    2009 4.6L: MF 0.0009 with residual of 45% for 12k miles.

    I didn't know about the $400 disposition fee for end of lease though.
  • walt1walt1 Posts: 9
    So what is your monthly payment GreenTurtle?
  • monthly payments are $625 + tax, so about $680 (LA county in CA is 9.75% tax.)

    Hyundai has a current lease special of $499/mo for the 4.6L 2010, but that's w/o tech pkg, before tax, and with a $3000 down payment.
  • Sounds like you got a great deal...I am also in socal...which dealer did you use?
    Are you happy with the vehicle right now? Thanks
  • I'm also in San Jose - can I ask which dealer you used?
  • I went to the hyundai dealership in Cerritos, CA. The guys I worked with were very easy to deal with. Turns out they just bought the Hyundai franchise 1-2 months ago. The owner of that dealership owns a few other auto dealerships in that auto mall. I was there for about 3 hours and did not see another customer. So they may be trying to meet monthly quota numbers too, hence the deal. Just speculation.

    Good luck.
  • I'm also very happy with the car. Rides very smooth, no problems with the suspension as people with the 2009 complained of. The adaptive cruise control is nice. I liked that the car was fully loaded at a great price, instead of being charged for every single extra feature. ie, BMW charges you for the ability to leave your key in your pocket and still open doors and start the car (forget the name of this) but this is free with the genesis.
  • Thanks for the reply...I will go tomorrow to see if i can score the same deal...Just so I am clear was your deal with 12k or 15k miles? And you have a total of 35 payments? Thanks again!!
  • I was surprised to see that the MSRP and Invoice for the 4.6 Genesis w/Tech is about $2K higher going from the 2009 to the 2010, but with no apparent change in functionality. Is anyone aware of any functional improvements to justify this markup, or is it simply a case of old vs. new?
  • I just leased a 2009 3.8 Genesis w/tech from Capitol Hyundai in San Jose with the following terms:

    MSRP $40180
    Cap cost $36700 (~$600 below invoice)
    MF 0.00019
    Residual 46%
    Wear/tear coverage $603
    Payment $507 + tax

    Had a very smooth experience with these guys, and they were much more responsive than other dealers in the area. They have a few more 2009 left I think. Only question I had was whether the higher residual on the 2010 made up for the higher price and left the lease a wash vs. the 2009; something for folks to investigate.

    This car is just an awesome deal. I'm probably going to end up selling half a dozen via word of mouth. Go Hyundai!
  • Chiroman1,
    My deal was for 15K miles.
  • The 2010 version did fix tighten the suspension and add adaptive cruise control. Worth $2K? I guess that depends on the person.
  • Thanks again greenturtle ...Got your same deal...We actually got 2 of them..They were great to deal with..Love the car..Thanks again!
  • Hi greenturtle. Hyundai's October buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Sedan V8 with 15,000 miles per year are .00112 and 48%, respectively.

    I mad to make some assumptions because you never mentioned how long you want to lease for or what mileage allowance you need. Let me know if you want something different.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings lhatten. Hyundai's October buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Sedan V6 with 15,000 miles per year are .00149 and 51%, respectively. The numbers for an otherwise identical lease of a 2010 Genesis Sedan V8 are .00112 and 48%.

    Hyundai's October buy rate lease money factor and residual value for a 36 month lease of a 2009 Genesis Sedan V6 with 15,000 miles per year are .00019 and 45%, respectively. The numbers for an otherwise identical lease of a 2010 Genesis Sedan V8 are .00090 and 44%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bdudbdud Posts: 1
    10-22
    Yes, I had the same experience!
    I was denied a lease today on a genesis coupe after signing for it on tuesday with a near perfect credit score. Hyundai financing advised me to purchase, now I know why!
    Won't buy because I just formed a corporation and wanted a business lease. I love that car, what a shame.
  • has anyone heard what Hyundai are offering in terms of 'Lease Cash' for November ?
  • gforce11gforce11 Posts: 225
    How bizarre! Since when did Hyundai get into the business of financial advising?
  • Hi kwakasmith. Hyundai is providing a $1,000 cash incentive on leases of the 2010 Genesis Coupe in November.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Any word on Novembers lease details for the coupe? I'm looking at the 2.0T, 36 months, 12,000 miles p.a. Thanks.
  • Thanks Car Man. Still able to get the $5k below invoice on the Infiniti Coupe and $3k below invoice on the Sedan so now looking as though I'll be in-a-finiti !

    Cheers
  • Hi Car_man. We're interested in a 2010 Genesis 4.6 w/ tech package. I was hoping you could provide me with the most recent MF and residual for a 36 mo, 12k mi lease. Are these numbers only valid until the end of Nov?

    Thank you and Happy Thanksgiving!
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