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Hyundai Genesis Lease Questions
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I thought it was about the best I could get here in South Florida. I hear some dealer in WPB were marking up the Genesis by 5k. If the demand is building for car expect it to happen more often.
It took 2 plus hours to get that deal so it wasn't easy.
I have owned a 96' Accent, 00' Sonata, 04' XG350 and just recently a 06' Azera. Every car was a major step forward and now the Genesis just blows everything away including the competition.
That sounds like a fantastic endorsement of Hyundai. You have had almost every model. I have been following the Genesis since it started hitting the car mags. It sounds super. I think leasing will work for me.
I'll check in with that dealer on route 75 in Davie.
Thanks again
bill2006
Does Hyundai still have the 27 month lease deals going on right now? I am wanting to lease the V8 with 15,000 miles a year.
There wasn't that much selection about 3 V-6 colors and 3 V8 colors left to choose.
I wanted a light exterior with a dark interior. Light interior shows dirt much more quickly.
.
Just saw where Hyundai is offering a lease on v6 with tech package ie
Start: 04/01/2009 End: 04/30/2009 $499 Monthly Payment
36 Month Term
$2100 Down Payment
$0 Security Deposit
12000 Annual Mileage
Restrictions Lease is based on 2009 Genesis Sedan V6 equipped with Premium and Technology Package and $1000 HMFC origination support. Please see your dealer for complete details.
Comments $2599 due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
Well,I talked to a Hyundai dealer and he said it's really not $2599 at signing but really $4003.What Hyundai doesn't say in this info is that these numbers don't include the following items:
$ 331 for the Department Of Motor Vehicle (new tag, battery fee, tire fee, etc.)
$ 595 Acquisition fee from Hyundai Motor Finance, $ 478 dealer fee
This brings it to $ 4,003 total out of pocket including your first lease payment?????
Did you have to pay $595 Acquisition fee, $478 dealer fee, etc
Thanks
Can't do much about the government fees, though...
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2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
That's what I thought. The $499/month with 2100 +499 up front sounds ok(but not great) but not that other junk. Thats what Hyundai USA is pushing with participating dealers.
I know I have to pay the tax and motor vehicle fees.
I love this Forum
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
3.8 V6 Tech package
$595 Acquisition fee
$1000 Rebate
$2500 Downpayment including first month payment $511
$252.33 Misc product fees (maybe the wing badges for hood, trunk & wheels
$168.50 Tag fee & surcharge (used my present tag and may get few $'s back
15,000 miles per year
$511.67 35 payments 49% residual
$19,248 + tax payoff after 35 months.
There a $400 disposition fee at the end of the lease (I read that this is standard in and earlier post)
Remember this was my 5th Hyundai in 13 years and I didn't budge, which took long to deal.
Another surprise...... My insurance with Allstate went down by nearly 25% they also lowered my deductable by $100 and will continue to go down every year until it's $0 and put me on the accident forgiveness plan, meaning I will be forgiven 1 accident and it will not affect my rate all because the insurance industry believes the Genesis is a safe automobile.
I hope this helps..
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
-1,000.00 rebate
$38,419.39
1. Under no circumstances will HMFC allow you to extend a lease.
2. At lease end there are 2 options, return or purchase at residual value stated on lease contract.
3. If purchased, HMFC Fountain Valley requires cashiers check, money order, wire transfer.
4. HMFC will not finance a lease return / purchase.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Read your comment about negotiating price first.After I thought about that it makes a ton of sense. Maybe that's my problem trying to do the lease calculations.
When I do my the lease calculation does the negotiated price price gets slipped in where the MSRP price is to start the calculations?
I have Not been able to come to the same numbers as people quote on their lease.
HELP
bill2006
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I was concerned about some of the things I've heard about Hyundai Dealers. This guy was a class act. Knowledgable, honest, and a very pleasant person. Anyone looking for a Genesis in Southwest Florida will be happy with Manfred.
Now, if the car performs as I think it will, I will be a very happy person.
Thanks for all the help from this forum.
bill2006
.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I've been having a ball getting aquainted with my new car. I'm finding the Technology on this car incredible and intuitive. Put in a DVD while you are in park and you'll hear just how incredible the surround sound really is.
So far this car is incredible!!!
Hyundai Finance is only currently providing support on 36 month leases of the 2009 Genesis Sedan. Its current buy rate lease money factor and residual value fro a 36 month lease of a 2009 Genesis Sedan V6 with 15,000 miles per year are .00060 and 48%, respectively.
When negotiating the capitalized cost for this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.
Tthere's nothing wrong with leasing through independent banks but I doubt that you will be able to come even close to the payment that is available by using Hyundai's official special lease program.
Car_man
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In the first, the state taxes the payment and down payment. The last time that I checked, most states, including Florida, Georgia, Missouri, Connecticut, and California use this method.
The second way is to tax the entire selling price of the vehicle. Again the last time that I checked, this is how sales tax is calculated on leases in states like Illinois, Texas, and now Ohio.
Lastly, some states only tax the depreciation portion of leases. This is tax is calculated on leased vehicles in New Jersey.
I am not sure exactly how sales tax is calculated on leased vehicles in New York, but you may be able to find out by visiting one of the following sites:
New York Department of Motor Vehicles
or
New York State Department of Taxation and Finance
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
If you haven't yet, make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others.
Thanks again and enjoy your new ride :shades: !
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
When negotiating the capitalized cost on this car, make sure to take advantage of the $1,250 cash incentive that is currently available on leases of it.
Car_man
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If that isn't the dumbest thing I have ever heard... I don't know what is?? I use my car for business purposes and only lease vehicles. I guess Hyundai USA won't be getting my business as they have now tried to put every customer into a small box. It just doesn't make sense to me.
Anybody else heard this before?
Mark...
When I went to post that comment, then I saw the big orange letters.
Sorry.
CPAMAN
The Next Lexus? I don't think so.
CPAMAN
What company are you using for the steering wheel emblem? I am looking to get that as well eventually, i really want the hood and trunk emblems first then the illuminated door sills. They look hot on the 4.6.
CPAMAN
KAI
Would you please post the June money factor and residual value for the 2009 Genesis 4.6 w/Tech package for a 36/12k term?
Thank you.
Can you help with the numbers (residual, money factor, current incentives etc.) for a 2010 Genesis Coupe? My wife is interested in leasing one with a 2.0/Premium package. She went and test drove one yesterday and fell in love with it.
Any help will be greatly appreciated.
Thanks, Tom
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Hyundai's current 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 46%, respectively. When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can you help me on Residual, MF and any Dealer Cash for a Genesis COUPE 3.8 Track with Manual Transmission? Is it the same as 55%, .00134 and $1,000??
Figuring a standard lease term of 36-months, however, I either need 15,000 or 20,000 miles per year.
Thank you!
15,000 miles per year is the highest mileage allowance that Hyundai Finance publishes residual values for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than to wait until lease-end and have to pay an excess mileage penalty.
When negotiating the capitalized cost for this car, make sure to take advantage of the $1,000 cash incentive that is available on leases of it right now.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
purchase price 38030 (sticker 42100)
3 years, 18000 miles per year , residual .45, money factor .00099,
0 down not even taxes = 708 per month
2500 down = 636 per month
seems a little high to me? what is IR basded on MF? Any advise is appreciated
.00099 * 2400 = 2.376%
18,000 miles is costing you a lot, chances are you are prepaying for the miles at a discounted rate over 15,000 since most leases only go up to 15k. The residual of 45% is low for a "luxury" car. Hyundais have been and still are poor cars to lease because their residuals are so bad.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
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