2015 Hyundai Genesis Lease Questions

kyfdx

@leaseorbuy1 said:
I need to know if this is a good lease. 2015 Genesis 3.8 Ultimate Package
RWD, at $590 per month no money down, 15k

To evaluate a lease, we need MSRP, selling price, length of lease, amount due at signing, tax rate/state... at the minimum.

leaseorbuy1

Genesis 2015 3.8 RWD Ultimate Package selling price $45,570 15k per year, 4yr lease, 0 down, requesting only 1st payment ($590.00) at signing. Total monthly payment is $590.00 per month. Residual 53%. Hope this helps. I'm waiting to hear from a couple of other dealers on lease payments.
Tax was not mentioned, but our tax rate here is 6.25%.
If you can answer asap, I would appreciate it. I'm almost ready to go forward, but want to make sure this is a good deal. Any help would be appreciated!

steevo

Sounds horrible to me. 4 years??? Have you ever leased before?

aschuger

What is the current MF and residual for a 2015 Hyundai Genesis 3.8L AWD with the Signature and Tech Package in Michigan with 10k for 36 months?

Thanks in advance.

craig1212

@leaseorbuy1 Lease payments are made up of 2 components. One is for the use of the vehicle and the other is the "rent charge" (interest). To get the total monthly pmt you add these 2 numbers together for the pre-tax monthly pmt.
From the calculation I get from using online lease calculators it seems that your deal is made up of the following: $397.84 is the base vehicle pmt and $192.16 is the "rent charge" for a total of $590/ mo for 48 months.
So it seems like the Interest Rate (money factor) in this deal is 6.4%! From reading other posts that is very very high. The moderator has posted rates of 3.5% which would bring your "rent charge" down to $108.07 for a total monthly pmt of $505.91.
I'm not an expert by any means so anyone feel free to correct me if I have misread this.

Good luck.

kyfdx

aschuger said:

What is the current MF and residual for a 2015 Hyundai Genesis 3.8L AWD with the Signature and Tech Package in Michigan with 10k for 36 months?

Thanks in advance.

.0015 MF and 60% residual for 36mo, 12K/yr. $500 lease cash.

I don't think Hyundai has a 10K/yr program.

dasayayin

Hello: I have a Honda Pilot EX-L 2013 And I am interested in the 2015 Genesis AWD with the Ultimate Package. So I went to a Hyundai Dealer and they Appraised my Honda and they came up with a $3500 negative equity which is no good enough according to the kbb but never mind that. I negociated the price to $47000 from MSRP of $52450 now according to my calculation based on the 58% residual and a money factor of 0.00150 the payments should be around $664 with a $1500 down payment, but they told me that I have to give them $3000 and the payment would still be $680. Do you think that $680 for 36ms with 15k is a good deal? I need help.

dasayayin

And by the way I am from NJ

Michaell

dasayayin said:

Hello: I have a Honda Pilot EX-L 2013 And I am interested in the 2015 Genesis AWD with the Ultimate Package. So I went to a Hyundai Dealer and they Appraised my Honda and they came up with a $3500 negative equity which is no good enough according to the kbb but never mind that. I negociated the price to $47000 from MSRP of $52450 now according to my calculation based on the 58% residual and a money factor of 0.00150 the payments should be around $664 with a $1500 down payment, but they told me that I have to give them $3000 and the payment would still be $680. Do you think that $680 for 36ms with 15k is a good deal? I need help.

The negative equity has to be dealt with - either you pay that money up front or it gets added into the new lease. $3500 is about $100/mo more on your payment for a 36 month lease.

You may want to check the "Real World Trade in Values" discussion here at Edmunds to get an independent appraisal of what your Pilot is worth in trade - the dealer may be low-balling you.

With the numbers you are providing, I calculate a pre-tax payment of $576.66/mo for 36 months, so your quote of $664 or $680 seems too high.

Also note that sales tax for leases in NJ are calculated up front and are either paid at the beginning of the lease or added into the cap cost. My calculations do not take that into consideration.

dasayayin

Yes I understand the negative equity is added to my monthly payment and that is what I want. what I am talking about is that with $1500 total out of pocket and $664 is what I am coming with. But the Dealer is coming up with $680 and $3000 total out of pocket for me. How did you come up with $576.66 pretax when I got $620 pretax.?

dasayayin

I am actually adding a $3000 negative equity not $3500 so my negotiated price is $48500
MSRP $52452
Negotiated $47000
Negative equity $3000
Total Negotiated $48500
$1500 Total out of pocket
$664 a Month.
Am I correct?

dasayayin

My Calculations are:

MSRP: $52450.00
Negotiated Price: $47000.00
Additional Cost: $3000.00
Down Payment: $1500.00
Trade-in Credit: $0.00
Other Credit: $0.00
NonTaxable Cost: $0.00
Net Cap Cost: $48500.00
Residual Value: $30421.00
Money Factor: 0.0015
Interest Rate: 3.6%
Lease Term: 36 Months
Sales Tax Rate: 7%
============================

Monthly Payment: $620.58
Monthly Payment Tax: $43.44
Monthly Total Payment: $664.02
Depreciation: $18079.00
Finance Fee: $4261.73
Total Monthly Sales Tax: $1563.85
Total Sales Tax: $1668.85
Total Payment: $23904.59
Total Lease Cost: $25509.59

Michaell

dasayayin said:

My Calculations are:

MSRP: $52450.00
Negotiated Price: $47000.00
Additional Cost: $3000.00
Down Payment: $1500.00
Trade-in Credit: $0.00
Other Credit: $0.00
NonTaxable Cost: $0.00
Net Cap Cost: $48500.00
Residual Value: $30421.00
Money Factor: 0.0015
Interest Rate: 3.6%
Lease Term: 36 Months
Sales Tax Rate: 7%
============================

Monthly Payment: $620.58
Monthly Payment Tax: $43.44
Monthly Total Payment: $664.02
Depreciation: $18079.00
Finance Fee: $4261.73
Total Monthly Sales Tax: $1563.85
Total Sales Tax: $1668.85
Total Payment: $23904.59
Total Lease Cost: $25509.59

I believe the dealer is adding in the sales tax to the cap cost and that is what is making the payment higher than what you are calculating - there is no "monthly tax" for leases in NJ - it's calculated up front and either paid at lease inception or rolled into the cap cost.

ajkelz84

Any news on the 2015 Genesis RWD 3.8 numbers for October. Looking for 12k 36mo w/ signature package.

Michaell

ajkelz84 said:

Any news on the 2015 Genesis RWD 3.8 numbers for October. Looking for 12k 36mo w/ signature package.

.00123 and 58%. $500 lease cash.

emillion

Are there better October numbers for 12k and 15k on the AWD 3.8 Genesis Ultimate? Thank you.

Michaell

emillion said:

Are there better October numbers for 12k and 15k on the AWD 3.8 Genesis Ultimate? Thank you.

36/12 on the 3.8 AWD - .00150 and 60%. Deduct 2% for 15K miles per year.

ralora

What are the lease number for November for 36/mo. 12k and 15k on the 5.0 Genesis with Ultimate Package? Thanks ahead!

Michaell

ralora said:

What are the lease number for November for 36/mo. 12k and 15k on the 5.0 Genesis with Ultimate Package? Thanks ahead!

.00002 and 52% for 36/12. Deduct 2% for 15K. $500 lease cash.

ralora

Michaell said:

ralora said:

What are the lease number for November for 36/mo. 12k and 15k on the 5.0 Genesis with Ultimate Package? Thanks ahead!

.00002 and 52% for 36/12. Deduct 2% for 15K. $500 lease cash.

Is .00002 - 0% MF correct?
Also what are the numbers for 24 & 48mo. 12k & 15k?

ralora

Is this correct? Based on MSRP of $56150 & a Cap Cost of $52,932 and no other fees, for a 36mo/15k payment with 6% tax = $704.21

Michaell

ralora said:

Is this correct? Based on MSRP of $56150 & a Cap Cost of $52,932 and no other fees, for a 36mo/15k payment with 6% tax = $704.21

I'm showing $700.58/mo with tax, so pretty close.

.00002 is .048%, so pretty close to 0%.

48/12 - .00121 and 46%. $500 lease cash.

Deduct 2% for 15K in each case.

No 24 month programs for Hyundai.

cars_are_fun

I am looking for information on 2015 3.8 AWD tech or ultimate lease. Can someone confirm any changes to the MF of .00150 and residual of 60% for 36 month 12k lease as was posted in October. Is there a 24 month lease? Thanks for the help.

jzaid84

2015 Hyundai Genesis 5.0 with Ultimate Package on the following terms:
36 Months / 10K
39 Months / 10K

MF and Residual?

Michaell

cars_are_fun said:

I am looking for information on 2015 3.8 AWD tech or ultimate lease. Can someone confirm any changes to the MF of .00150 and residual of 60% for 36 month 12k lease as was posted in October. Is there a 24 month lease? Thanks for the help.

November numbers are .00068 and 58% for 36/12 with $500 lease cash. No 24 month numbers exist.

Michaell

jzaid84 said:

2015 Hyundai Genesis 5.0 with Ultimate Package on the following terms:
36 Months / 10K
39 Months / 10K

MF and Residual?

36/12 - .00002 and 52%

39/12 - .00047 and 51%

$500 lease cash. Hyundai does not support 10K leases on any model except the Equus.

jzaid84

Michaell said:

jzaid84 said:

2015 Hyundai Genesis 5.0 with Ultimate Package on the following terms:
36 Months / 10K
39 Months / 10K

MF and Residual?

36/12 - .00002 and 52%

39/12 - .00047 and 51%

$500 lease cash. Hyundai does not support 10K leases on any model except the Equus.

Jesus....was a miserable residual lol. I guess I narrowed down my choice to a 435i Gran Coupe or a Q50S

Michaell

jzaid84 said:

Michaell said:

jzaid84 said:

2015 Hyundai Genesis 5.0 with Ultimate Package on the following terms:
36 Months / 10K
39 Months / 10K

MF and Residual?

36/12 - .00002 and 52%

39/12 - .00047 and 51%

$500 lease cash. Hyundai does not support 10K leases on any model except the Equus.

Jesus....was a miserable residual lol. I guess I narrowed down my choice to a 435i Gran Coupe or a Q50S

Note that BMW inflates their residuals to make leasing more attractive. Hyundai doesn't.

ralora

Which model/package option has the best residual & MF?

kyfdx

ralora said:

Which model/package option has the best residual & MF?

V-6 is better than than V-8.. Packages/options have no effect, other than raising the price of the vehicle.

ralora

kyfdx said:

Which model/package option has the best residual & MF?

V-6 is better than than V-8.. Packages/options have no effect, other than raising the price of the vehicle.

Thanks!  What are the November numbers for the V6 RWD for 24, 36 & 39 months w/ 12k & 15k miles.

Michaell

ralora said:

kyfdx said:

Which model/package option has the best residual & MF?

V-6 is better than than V-8.. Packages/options have no effect, other than raising the price of the vehicle.

Thanks!  What are the November numbers for the V6 RWD for 24, 36 & 39 months w/ 12k & 15k miles.

No 24 month programs for the Genesis.

36/12 - .00036 and 56%.

39/12 - .00054 and 54%

Deduct 2% for 15K miles. $500 lease cash.

muffinflavored

Michaell said:

jzaid84 said:

Michaell said:

jzaid84 said:

2015 Hyundai Genesis 5.0 with Ultimate Package on the following terms:
36 Months / 10K
39 Months / 10K

MF and Residual?

36/12 - .00002 and 52%

39/12 - .00047 and 51%

$500 lease cash. Hyundai does not support 10K leases on any model except the Equus.

Jesus....was a miserable residual lol. I guess I narrowed down my choice to a 435i Gran Coupe or a Q50S

Note that BMW inflates their residuals to make leasing more attractive. Hyundai doesn't.

Who is the worst at this? I was told Lexus does it the worst and BMW/Audi/Mercedes barely do.

Michaell

muffinflavored said:

Michaell said:

jzaid84 said:

Michaell said:

jzaid84 said:

2015 Hyundai Genesis 5.0 with Ultimate Package on the following terms:
36 Months / 10K
39 Months / 10K

MF and Residual?

36/12 - .00002 and 52%

39/12 - .00047 and 51%

$500 lease cash. Hyundai does not support 10K leases on any model except the Equus.

Jesus....was a miserable residual lol. I guess I narrowed down my choice to a 435i Gran Coupe or a Q50S

Note that BMW inflates their residuals to make leasing more attractive. Hyundai doesn't.

Who is the worst at this? I was told Lexus does it the worst and BMW/Audi/Mercedes barely do.

Not sure what you mean by "worst" - inflating residuals? It all depends on what car you like and what your budget is.

m2126

What are the December figures for a RWD 3.8 no packages? (S. Cal)

Thanks

Michaell

m2126 said:

What are the December figures for a RWD 3.8 no packages? (S. Cal)

Thanks

.00036 and 56% for 36/12. $500 lease cash.

davesmith

I have a quote for a monthly payment of $547 for a 2015 Hyundai Genesis 3.8 AWD, fully loaded (Tech, Premium, Ultimate packages).

MSRP $52540
Residual $30528
12 K miles/year, 36 months

This is with a lease discount of $2000 ($1500 of which is for the Hyundai Conquest Lease).

Is that a good lease quote?

Did anyone get a better quote?

Michaell

davesmith said:

I have a quote for a monthly payment of $547 for a 2015 Hyundai Genesis 3.8 AWD, fully loaded (Tech, Premium, Ultimate packages).

MSRP $52540
Residual $30528
12 K miles/year, 36 months

This is with a lease discount of $2000 ($1500 of which is for the Hyundai Conquest Lease).

Is that a good lease quote?

Did anyone get a better quote?

What is the final cap cost? What state - tax obligations vary.

davesmith

Michaell said:

davesmith said:

I have a quote for a monthly payment of $547 for a 2015 Hyundai Genesis 3.8 AWD, fully loaded (Tech, Premium, Ultimate packages).

MSRP $52540
Residual $30528
12 K miles/year, 36 months

This is with a lease discount of $2000 ($1500 of which is for the Hyundai Conquest Lease).

Is that a good lease quote?

Did anyone get a better quote?

What is the final cap cost? What state - tax obligations vary.

I don't have the cap cost or the money factor.

There is no trade in, cash down payment, etc, involved. My only cost is the monthly lease payment.

Michaell

davesmith said:

Michaell said:

davesmith said:

I have a quote for a monthly payment of $547 for a 2015 Hyundai Genesis 3.8 AWD, fully loaded (Tech, Premium, Ultimate packages).

MSRP $52540
Residual $30528
12 K miles/year, 36 months

This is with a lease discount of $2000 ($1500 of which is for the Hyundai Conquest Lease).

Is that a good lease quote?

Did anyone get a better quote?

What is the final cap cost? What state - tax obligations vary.

I don't have the cap cost or the money factor.

There is no trade in, cash down payment, etc, involved. My only cost is the monthly lease payment.

I can get the MF and residual from the information I have. I need the net cap cost to calculate whether you are getting a good lease payment or not.

davesmith

Michaell said:

davesmith said:

Michaell said:

davesmith said:

I have a quote for a monthly payment of $547 for a 2015 Hyundai Genesis 3.8 AWD, fully loaded (Tech, Premium, Ultimate packages).

MSRP $52540
Residual $30528
12 K miles/year, 36 months

This is with a lease discount of $2000 ($1500 of which is for the Hyundai Conquest Lease).

Is that a good lease quote?

Did anyone get a better quote?

What is the final cap cost? What state - tax obligations vary.

I don't have the cap cost or the money factor.

There is no trade in, cash down payment, etc, involved. My only cost is the monthly lease payment.

I can get the MF and residual from the information I have. I need the net cap cost to calculate whether you are getting a good lease payment or not.

The net cap cost is $47,500

Michaell

davesmith said:

Michaell said:

davesmith said:

Michaell said:

davesmith said:

I have a quote for a monthly payment of $547 for a 2015 Hyundai Genesis 3.8 AWD, fully loaded (Tech, Premium, Ultimate packages).

MSRP $52540
Residual $30528
12 K miles/year, 36 months

This is with a lease discount of $2000 ($1500 of which is for the Hyundai Conquest Lease).

Is that a good lease quote?

Did anyone get a better quote?

What is the final cap cost? What state - tax obligations vary.

I don't have the cap cost or the money factor.

There is no trade in, cash down payment, etc, involved. My only cost is the monthly lease payment.

I can get the MF and residual from the information I have. I need the net cap cost to calculate whether you are getting a good lease payment or not.

The net cap cost is $47,500

$525.99 before tax. MF is .00068 and RV is 58% for 36/12. 4% tax takes the payment to $547.

Quote looks strong.

wasabi911

The 2015 Hyundai Genesis is a great car and I just read that it took the top spot in ALG's Residual Value Awards for the Premium Full-Size Car segment.

Why is this not reflected in the lease residuals? As much as I want to lease the Genesis, a comparable MSRP BMW has much higher lease residual and incentives that the monthly lease payment is much lower (w/ similar terms).

It seems like the Genesis just isn't a good car to lease from a financial stand point.

Am I missing something there?

Michaell

wasabi911 said:

The 2015 Hyundai Genesis is a great car and I just read that it took the top spot in ALG's Residual Value Awards for the Premium Full-Size Car segment.

Why is this not reflected in the lease residuals? As much as I want to lease the Genesis, a comparable MSRP BMW has much higher lease residual and incentives that the monthly lease payment is much lower (w/ similar terms).

It seems like the Genesis just isn't a good car to lease from a financial stand point.

Am I missing something there?

No - BMW has had a practice of inflating their residual values to make the lease payments cheaper. It also means that the car will be worth less than the agreed upon residual value at the end of the lease, so very few customers buy the car.

Hyundai probably sets a more accurate (read: realistic) residual value, which makes leasing more expensive by comparison.

samny1

Hi,

Do you have the MF and RV for a 2015 Hyundai Genesis 3.8 AWD with Tech and Premium packages? 15K a year for 36 months in NY?


Thanks

Michaell

samny1 said:

Hi,

Do you have the MF and RV for a 2015 Hyundai Genesis 3.8 AWD with Tech and Premium packages? 15K a year for 36 months in NY?


Thanks

56% and .00068. $500 lease cash.

samny1

Thanks so much.

xruined901

Can the $1500 Conquest Lease Bonus be combined with the $500 leasing bonus cash for $2K cash towards leasing? I don't see anything explicit in the fine print for each that excludes the other.

kyfdx

xruined901 said:

Can the $1500 Conquest Lease Bonus be combined with the $500 leasing bonus cash for $2K cash towards leasing? I don't see anything explicit in the fine print for each that excludes the other.

You'd have to check with a dealer.. we don't have that info.

xruined901

Does Hyundai allow MSDs (Multiple Security Deposits) for a Genesis lease? If so, what is the money factor reduction for each MSD, and the max number of MSDs? Thanks.