Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Hyundai Genesis Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
I have NO idea what you mean by this or by the rest of your post. You don't have to put ANY money down if you don't want to when you lease a 535.
When I advised against leasing the Genesis, it was not directed at the people who are likely to exercise the purchase option at the end of the lease. Majority of people don't. If you are like majority, and you are going to return the car at the end of the lease, then leasing Genesis makes no sense because you would be paying 50% or more of the car's cost over 3 years, as opposed to paying just 40% of the car's cost for a BMW 5 series. The comparison to the 5 series was because I was referring to Genesis sedan, not the cheaper Genesis coupe.
Don't get me wrong, I'm not one of those people who scream that leasing is stupid. It is not in general. Leasing BMWs is quite smart because BMW subsidizes leases heavily. It is, however, stupid to lease vehicles with low residual value if you do not intend to purchase the vehicle at the end of the lease.
I'm at a bit of a loss as to why you are trolling this forum. Even with the higher residual and the rebates, based on the current MF, a 535 anywhere near the spec of my 3.8 GT would cost almost $760 a month to lease.
If residuals are the be all and end all, why not go and get a Honda Insight. 70% residual for a 3 year / 12000 mile p.a. lease.
$549*/month for 36 months which includes a $2,500 Holiday Finance Credit
Vehicle Registered outside N.Y.
• $549 First months payment
• $3,500 Down payment
• $550 Security Deposit
• $725 Acquisition fee
• $5,324 Cash due at signing
As you can see that's a 'whopper' of a down payment. Based on NJ tax, (7%), that would cost me $20,560 in monthly payments on top for a total of $25,884 or an average cost of $720/month over 36 months. Having owned 4 BMW's in the past, and driven the Genesis Coupe, it is a different experience but in my opinion, not worth 100% more.
The analysis provided earlier is useful when considering the purchase or lease of any vehicle. For example, it also interesting that an Infiniti G37x Coupe with Prem & Nav which MSRP's at $44825, would cost you approx $12,500 over 36 months based on 55% resid. That's approx $850 more over 3 years than what a base Genesis Coupe Auto would cost you which is a $26500 car and approx half that of the 535i ! That arises from the fact you can get the G37 Coupe currently for $5500 below invoice. Would always reccommend you do the analysis with amortization cacls before committing to any vehicle but final choice will ultimately be a personal one.
You do not need to put any money down to get the best residual and buy rate money factor. You can greatly reduce the money factor by putting multiple fully refundable security deposits down, but that's your choice.
Will be making call this weekend and keen to ensure I'll be happy with whatever I get for the next 3 years...
cheers
Kwaka
As far as your calculations of BMW lease payment, I don't know how you arrived at that price. I get a payment of $680 entering the actual residuals, money factors, and price that I can buy 535i for. Regardless, 535i is the correct comparison vehicle for the Genesis Sedan 4.6, not the Genesis Coupe. For that one 335i is a more appropriate benchmark. Sorry for confusing you...
The price I can buy 2010 M45 has now dropped even further: $46,300 for the M45 with Technology package. That's $10,065 below MSRP and $5,600 below invoice! Unfortunately 2010 M45 will be arriving at dealerships 2-3 weeks from now.
Cheers
Kwaka
cheers
Kwaka
When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that Hyundai is currently providing on leases of it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
09/10 Sedan with Tech Package
8,000 miles a year
$0 down
36 months
What should I expect to pay in a lease?
I know the number may vary based on the negotiations... wondering if anyone has a baseline or can share the money factor and residuals at the usage / duration I listed.
Merry Christmas!
Chris
This car's lease payment will vary depending upon what its MSRP and selling prices are. I would be happy to work up a payment on it for you if you provide me with these numbers.
For now I can tell you that Hyundai Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Genesis Sedan V6 with 12,000 miles per year are .00175 and 55%, respectively.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Also, as an aside, i am having quite a bit of trouble calculating a potential lease payment...
ive used an online calculator but am still confused,
i know the -
MSRP of the car
potential negotiated price
MMF
residual
my question is when do i add in things like -
tax
down payment
fees from dealer
title/registration fees
etc...
thanks
MSRP is $41,800, sales price of $36,800, 15K/year
Bonnie
The following articles should answer any specific questions that you have about calculating lease payments: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Good luck and let us know if you have any other questions.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
thanks in advance
The numbers for an otherwise identical lease of a Sonata Sedan V8 are .00139 and 51%.
I don't believe that Hyundai is offering 24 or 30 month leases on these cars right now.
When negotiating your deal, make sure to take advantage of the $1,000 cash incentive that Hyundai is currently providing on leases of the Genesis Sedan.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
For a 2010 Genesis Sedan 3.8 w/Tech package, I was quoted 55% residual and a MF of .00215. Seems high to me as I've been seeing .00175 around the boards. Any thoughts?
For those of you who've recently gotten the sedan with tech package, what should I expect to get for a purchase price?
Thank you in advance for your help!
My Genesis Sedan is a 2009 V 6 . I have not driven a 2010 so I dont know if the ride is the same as my ride. The car itself looks great inside and out. I have had it one year with no issues, but the Ride is really bad. Its like riding on a wave runner. If you are leasing also be prepared to buy 4 snow tires if you are in a snow area because the car will NOT move at all even in an inch of snow. You HAVE to have 4 snow tires for winter driving or else the car is not driveable. Factor another $1000.00 in expense for this. Hope this helps.
Ride is subjective. I don't feel that mine rides all that well either. For some its fine and for others its too soft. I came out of an '06 Avalon and talked myself into wanting something with a firmer/sportier ride. I now know that is not the case. I always bring up the ride when people ask me about the car. If you are coming out a Toyota/Lexus/Buick/ (older) Cadillac you will most likely not be happy with the firm, sometimes unsettled ride.
2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
Thank you
Residual and MF with both 12K and 15K yr, please.
Credit is Level S or Tier 0 (Super Preferred) = OVER 740 score
Can you assist please?
Thank You
Looking to close by month end!
When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a 2010 Genesis Coupe 2.0T Track are .00205 and 57%.
If you were to lease either of these cars with only 12,000 miles per year their residual values would be 1% higher.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I'm a complete newbie - while I'm trying my best to read through as much of this forum as possible, it's a little silly to go through 20 pages.
My car recently went through a puddle and killed the engine. I'm thinking it might be better to sell the car for parts ('02 2.5 Altima) and use that money towards a new car, rather than invest several thousand dollars on an already beat up car.
That gets me to this - leasing a Genesis Coupe. I live in the Tri-State area, 15 minutes away from NYC in New Jersey. More than likely, my dad will be signing for me (I'm 21, live at home, senior year, interning and already have a job lined up - thus, can *hopefully* afford reasonable payments).
I'm looking to lease a fairly base-level Genesis Coupe. I don't need navi, a 6 cyl engine, etc. I of course want basic features, as well as an iPod hook up and what not..but don't need to go all out.
If I have lets say, $2000-2500 available to put down, what kind of payments could I talk them into accepting? Is the $250-280 range possible? My dad has excellent credit, which is obviously a factor.
Sorry for the long message, and thanks in advance.
David
With $2500 down based on 3yrs/36k, you should be able to get the base 3.8 Auto for approx $310+ Tax assuming Hyundai are still offering the $1000 down which I think they are. It's pretty well spec'd out.
As the 4 pot turbo is $3k less, it should be approx $80/month less depending on the residual.
PS, I got a 3.8 base Auto one a few months back after a 3 yr stint in a VW GTI and have been very pleased with the change. If your approx 15 mins outside NYC, try Potamkin Hyundai in Harlem.
Happy hunting.
Rgds
Thank you. Yes, I'm 10-15 mins from the GWB - I'll look into Potamkin. I'd prefer the 2.0 in Auto - it'll be less gas and less expensive monthly for me.
Judging by your #'s, this would be ideal. Is there a math formula you used to come up with them -> if I could bring something like that to the dealer, I feel like I could have a heads up in coming out a winner.
Thanks again.
Also, I got reasonably well looked after on the deal, due to buying a new Odyssey off the dealer a year earlier however, the market/economy is still pretty weak so you should be in a good poisition to negotiate. The residual on my car is $14500.
Based on the above and putting $1700 down, you should be looking to pay approx $230-240/month + TAX.
Also, I presume that 15,000 miles is the max published residual and anything above is to be purchased just in case I want 18,000 or 20,000 miles?
Thank you!
ghetto2315, it's my understanding that all 3.8 tracks come standard with the NAV. Carman can you confirm that residual please?