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Hyundai Genesis Lease Questions
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Car_man
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Disclaimer: It is impossible to predict what automakers will do with their future incentive programs with 100% accuracy so don't blame me if a killer enhancement comes out tomorrow .
Car_man
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That leaves this car's selling price as the most important remaining variable. It's excellent that you know what that number is and mentioned it in your post, but we don't have any reference point to compare it to. It would be much easier to tell how attractive this price is if we knew what this car's MSRP or dealer invoice price are. Let us know and I'm sure that either myself or another helpful community member will be happy to tell you what they think.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Also, Carman, could you please post the current lease rates for these models? I appreciate your assistance.
Thank you,
Kyle
Good luck.
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
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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
thanks
Car-man - did you get different buy rates for Oct. For the 4.8 sedan 2010? Thanks
What was your final negotiated price(before taxes) then? Was this the 4.6 with Tech or just the base 4.6?
Thanks!
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.
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.
Are you happy with the vehicle right now? Thanks
Good luck.
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!
My deal was for 15K miles.
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
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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
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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.
Car_man
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Cheers
Thank you and Happy Thanksgiving!
Sticker Price - $29,875
Negotiated Price - $26595
Additional costs (title and other fees) - $720
Down payment - $720
Lease duration - 36 months / 12,000 miles p.a.
Residual - 54%
Money factor - 0.00134
Monthly payment - $347.88
I'm really happy with the car and think it's a decent deal. Hopefully this will help someone else out.
Cheers
Ideally, you shouldn't have to pay anything.
2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
Cheers
Recall these cars came out last Feb so Hyundai could in theory change the model year in 3 months ! That being the case you'd expect deals to start improving.
Cheers
Kwaka
Brgds
Kwaka