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Hyundai Genesis Lease Questions
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Car_man
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Can you please give me what the Residual and MF and any lease cash or incentives for 2011 Genesis Coupe 3.8 Track - 6 Speed Manual for a 36-month, 15,000 miles per year lease?
Also, did Hyundai up the ante and publish rates for 20,000 miles or is the max still 15,000 miles? It is now the end of March. Should you get this later on, please post when you find what it is for April.
Thank you!
I believe that 15,000 miles per year is the highest mileage allowance that Hyundai publishes residual values for.
Car_man
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Can you please give me what the Residual and MF and any lease cash or incentives for 2011 Genesis Coupe 2.0 base a/t and 2011 genesis coupe 2.0 premium are for April, 12k miles, preferably 24 month lease if they allow it, though 36 is acceptable as well. I'm strongly thinking about picking one up but only if they have some good deals for April.
Thanks!
I am looking to lease a 2011 Hyundai Genesis Coupe 3.8 Grand Touring with an automatic trans (MSRP of $29,705). This is my first lease and I am trying to learn as much as I can about the entire leasing process, terminology, etc.. I am looking for a 15,000 mile/year lease (since Hyundai does not offer any higher mileage options) and hope to pay up front for an additional 5,000 miles per year @ 15 cents/mile (bringing the projected total to 20,000 miles/year). In trying to understand how to get the best possible deal, I understand it helps to know the residual value and the money factor of the car.
1) What is the money factor and residual value for this specific year, model, and trim?
2) Do these numbers (money factor and RV) fluctuate from month to month or are they fixed?
3) Is the dealer invoice something which I negotiate with the dealer prior to incorporating the money factor and res value into my equation?
4) Generally, I understand that if I am able to score a deal below dealer invoice, I am getting a good deal. What about a deal that is at or above invoice (but still below MSRP)?
5) Since I have spent countless hours searching for this information before stumbling onto this forum, I am curious where I can find this information should the need arise to look up these figures for another car?
If you are able to provide me with above data for both a 15,000 mile/year and 20,000 mile/ year lease that would help. I apologize in advance if any of these questions have been already addressed somewhere else (newb here).
As a side note, if anyone else reading this has any additional advice regarding this lease or any useful nuggets of information for leasing in general, please help. Any and all help is encouraged and appreciated!! Thank you in advance Car_Man and god bless.
- Z
Car_man
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This program is scheduled to run through June 30th. It is possible that it will be different in July.
You should negotiate a selling price that's as close to dealer invoice as possible and then make sure that the dealer calculates your monthly payment using the above lease program.
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 it is to wait until lease-end and have to pay an excess mileage penalty.
Car_man
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Thanks a ton for your help!
Also do you have the approx amounts for the: Acquistion fee, Sec dep, Doc fee, Lic fee, title fee?
Thank you and have a good day!
If I gave them $1000 down, what would I expect the lease payments to be provided that I also pay upfront the sales tax? Any range would be most helpful!
Thanks!
Randernyc
Randernyc
What are the current Hyundai lease rates and residuals for a 2011 4.6L Genisis Sedan, 12000 miles, 36 months, in Warner Robins, GA 31088, please. How long are the numbers good for?
Thanks for your help
thanks
I just received an offer from a dealer to lease Genesis Sedan V8 for $460 monthly(Tax included), $3000 down, 36-month, 15k per year.
Sale Tax rate is 9.75%
Is it good deal to take? or there is a chance to have lower monthly payment?
Please advise me.
Thanks,
Car_man
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Hyundai Finance charges a $595 acquisition fee on every vehicle that it leases. I believe that it is currently waiving its security deposit requirement for this vehicle. The doc fee will vary from dealer to dealer (it's really just fluff) and the license / title etc. vary from state to state.
Car_man
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This program is scheduled to run through June 30th.
Car_man
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Car_man
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Do the forum members have any information when the 2012 Genesis is likely to become available?
3000 due at signing.. 419/mo with oil change and tire protection..
3.8L prem with navi package...
Is this a good deal? Or at least a fair deal?
MSRP $41,800 Fully Loaded Tech and Prem 3.6 Sedan
12,000 mi
$750 Down, INCLUDING 1st Mths Payment
$400/mth for 36 mths
4 Free Oil Changes Included
You should be able to do at least this well or better given the 2012s are almost here. Don't waste time with MF, Resids, etc like you read on these forums- just do brute negotiation with dealer. Hyundai is super aggressive and will make the deal you are capable of negotiating.
2011 2.0T Premium with Nav. $3000 Down $214.00 Per Month
MSRP 28,030
I'm looking into leasing v6 genesis sedan with tech pckg. Did anyone had experience on good bargain here in SoCal?
Thank you.
Money Factor: 00.00227
Residual: 59%
Is this accurate?
Here's the deal:
MSRP $31,225
Cost $27,500
Dealer Fee $499
Acquisition Fee $599
Title Fee $27
First payment down
Monthly payment $420 excluding taxes
That seems fishy to me.
First time leasing a new car... biting nails!
Looking at a 2011 Genesis 5 door base model and 15,000 miles per year for 36 months. They are quoting me zero down and $401 per month incl tax - I'm in Los Angeles so the tax is pretty heavy here! Is this a good deal? I just don't know!!! Help :-)
I'm also being offered:
2012 HYUNDAI GENESIS B0422 4dr Sdn 3.8L V6 . 15k per year, Zero drive off and $469 per month. I don't really want to jump up the extra $69 per month and having driven both cars the 2011 would do me fine...
Any thoughts and advice would be magnificent. Thank you!!!!
Car_man may be able to provide it as well.
In South Florida
2012 genesis 3.8 Prem Package w/ NAV.
MSRP $39,900 and the Dealer Cost of $37,500.
Excellent credit. I only want to pay 1st month down.
What should the Cost of a 36 month / 15,000 miles a year lease be??
Thank you for your input!
I tried using the residuals and money factors posted earlier in this forum to compare the payment on Hyundai's web site and it was $80 more than what Hyundai posted.
========
Last year, when I needed to finance a Sonata, I brought up TrueCar.com, got the price for a Sonata, and after some grumbling, I got the price I wanted. I was fully prepared to buy from the TrueCar dealer down the road if they didn't match it.
Now I want a 2nd car for the family, and I want a V6 Genesis Sedan, maybe with options.
I do not know how to negotiate a lease like I have for years when financing
Anyway, I'm almost going to pass on the Genesis because due to it's high price I need to lease it and my ability to negotiate a lease with confidence is zero. Are there any resources online that people have trusted to help with lease prices?
I noticed above in a previous post that someone said they got this lease back in December....
MSRP $41,800 Fully Loaded Tech and Prem 3.6 Sedan
12,000 mi
$750 Down, INCLUDING 1st Mths Payment
$400/mth for 36 mths
That's significantly better than the lease Hyundai advertises on their website. How do I approach getting a lease like this. If I could get this type of deal, I can lease a Genesis (although I'll have to pay for more miles)
Funny note about this whole process....
I made a first trip to the dealer today.
My amazing frustration is how little many sales people always seem to know about the cars they sell
He told me I was eligible for a $1000 loyalty rebate. WRONG. It says right on their website I'm eligible for 1500
He told me the 2012's won't be here until September. I can pull up dealer inventory and found one dealer with 12 2012's already in stock
He said that prepaid miles are at a rate of 0.20 a miles. That's the rate charged for post-paying miles.
It wasn't even a year that I made it clear I'm aware of pricing tools by pulling up TrueCar.com right in front of him on my iPad, yet he seems to be doing everything he can to get me to not buy a genesis.
Car_man
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Using this cap cost and an MSRP of $39,900, I estimate that this car would have a 36-month, 15,000 mile per year, zero down, pre-tax monthly payment of around $485.
Car_man
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While it's true that the MSRP of the 2012 model is not significantly higher than the 2011 model, the money factor for the '11 is much lower plus there's a $2,000 cash incentive on leases of it which isn't available on the '12.
Car_man
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