2015 Hyundai Genesis Lease Questions

mirado0424

Michaell I am new to leasing but those numbers for the 3.8 ultimate lease look pretty good right now would you agree?

Michaell

mirado0424 said:

Michaell I am new to leasing but those numbers for the 3.8 ultimate lease look pretty good right now would you agree?

Compared to what?

Other manufacturers? Yeah, if you're cross shopping the Genesis against a BMW or Audi, they aren't bad.

mirado0424

Gotcha yeah sorry i just meant in general that gives me perspective though whats the credit score needed for those good rates?

Michaell

mirado0424 said:

Gotcha yeah sorry i just meant in general that gives me perspective though whats the credit score needed for those good rates?

Usually 700+ for tier 1, but it varies by manufacturer.

mirado0424

Michaell said:

mirado0424 said:

Gotcha yeah sorry i just meant in general that gives me perspective though whats the credit score needed for those good rates?

Usually 700+ for tier 1, but it varies by manufacturer.

Ok cool sorry one more question, do you know id Hyundai pulls your auto fico score, or just your regular score?

Michaell

mirado0424 said:

Michaell said:

mirado0424 said:

Gotcha yeah sorry i just meant in general that gives me perspective though whats the credit score needed for those good rates?

Usually 700+ for tier 1, but it varies by manufacturer.

Ok cool sorry one more question, do you know id Hyundai pulls your auto fico score, or just your regular score?

I don't know the answer to that question.

jreyes3844

Can I post a picture or email someone! I took a picture of the lease terms? 

Thanks 

Michaell

jreyes3844 said:

Can I post a picture or email someone! I took a picture of the lease terms? 

Thanks 

You can post a picture here in the forums.

jreyes3844

jreyes3844

Does that look right? 

Michaell

jreyes3844 said:

Does that look right? 

I'm assuming this is for the V8.

We don't recommend you put any cash down on a lease (the $1641.30) - if the car is stolen or totaled, you lose that money. Not putting the money down increases your pre-tax payment only $45.59 - the $5000 rebate is certainly helping you keep the payment down.

In fact, you should keep the entire $3000 in your pocket and use part of the $5000 rebate to cover your up front costs - first payment, license ($406) and acquisition fee ($595) - and use the rest as cap cost reduction.

Re-calculating the numbers, using the same $52,635 as the MSRP and the new adjusted cap cost of $44,240.09 ($47,762 - (5000 - (406 + 8.75 + first payment), I get a pre-tax payment of $448.85; after 8.5% tax, $478.32.

This is a pretty good payment for a car that stickers at almost $53,000 - you keep the $3K in your pocket.

jcastag

Let me know what you guys think of this deal..I picked the car up on Monday

2015 Genesis Sedan
3.8 with AWD
Signature Package
Technology Package
Parisian with Black Interior
Cargo Tray
Rear Bumper Guard 
First Aid Kit
All Weather Mat Set

36 months / 12k miles per year
$1500 total at singing
$439 per month 

alexfrnch

So far looks good. 
Thank you sharing. What was MSRP, selling price,  MF and RV of your deal and what was distribution of $1500 ? 

Michaell

jcastag said:

Let me know what you guys think of this deal..I picked the car up on Monday

2015 Genesis Sedan
3.8 with AWD
Signature Package
Technology Package
Parisian with Black Interior
Cargo Tray
Rear Bumper Guard 
First Aid Kit
All Weather Mat Set

36 months / 12k miles per year
$1500 total at singing
$439 per month 

What @alexfrnch‌ said - we need that information in order to evaluate your deal.

jreyes3844

Thank you! I currently have a 2013 Lexus RX350, 2 years into my lease and I want to trade for the genesis. Yes it's the v8 without ultimate package. I have the dealership looking for black on black ultimate if possible. 

jcastag

The MSRP was $49,368, but I will have the check the breakdown of the $1500 at signing. It covered the first month, bank fee, doc, registration, etc, but I will get the breakdown of each.

Michaell

jcastag said:

The MSRP was $49,368, but I will have the check the breakdown of the $1500 at signing. It covered the first month, bank fee, doc, registration, etc, but I will get the breakdown of each.

Looks to be a decent deal.

bananaero

Hello, can I get the MF and Residual for 2015 Genesis 3.8 AWD sedan with Signature Package? I'm looking for 10k miles and 36 months. Are other terms better than 36 months? Registering in PA.

Michaell

bananaero said:

Hello, can I get the MF and Residual for 2015 Genesis 3.8 AWD sedan with Signature Package? I'm looking for 10k miles and 36 months. Are other terms better than 36 months? Registering in PA.

No 10K leases from Hyundai - 36/12 numbers are .00076 and 61%. $1500 lease cash. Those are the best numbers this month.

aminoacid91

Are there any new numbers for March?
Looking for:
Genesis 3.8 RWD (Base)
Genesis 3.8 RWD (Ultimate)

Thanks!

Michaell

aminoacid91 said:

Are there any new numbers for March?
Looking for:
Genesis 3.8 RWD (Base)
Genesis 3.8 RWD (Ultimate)

Thanks!

The numbers from February are good until 3/31/15:

Genesis RWD is .00041 and 59% for 36/12. $1500 lease cash.

jsark994

Hey Michael,

I am looking at the post by jreyes3844 , and you replied to on Feb. 20th (2015), in regard to his worksheet for a Hyundai Genesis. I am curious to know how he arrived to the figure of $46,925 for the initial Cap Cost (#11). I see the invoice on this car at roughly $49,014, and do not understand how he got over $2K under this figure. Is that figure what the dealer offered to sell the car from the MSRP ? I see rebates, but they are being applied in section #18, toward the adjusted cap.

Thanks in advance.

kyfdx

jsark994 said:

Hey Michael,

I am looking at the post by jreyes3844 , and you replied to on Feb. 20th (2015), in regard to his worksheet for a Hyundai Genesis. I am curious to know how he arrived to the figure of $46,925 for the initial Cap Cost (#11). I see the invoice on this car at roughly $49,014, and do not understand how he got over $2K under this figure. Is that figure what the dealer offered to sell the car from the MSRP ? I see rebates, but they are being applied in section #18, toward the adjusted cap.

Thanks in advance.

That's what the deal sheet shows... $5700 discount from MSRP.. plus the $5000 rebate.

cx3gma

Hi,
Can you please help me with numbers on Genesis Coupe?
Considering lease of 2015 Genesis Coupe Base with Automatic transm. MSRP is $28,845 (I am assuming I can negotiate this down to $26K). I am in NY and would like a 10k lease for 36 or 39 Months. What is the current MF and RV on these? Can you please run the numbers to give me what would be a good monthly payment? Thanks

Michaell

cx3gma said:

Hi,
Can you please help me with numbers on Genesis Coupe?
Considering lease of 2015 Genesis Coupe Base with Automatic transm. MSRP is $28,845 (I am assuming I can negotiate this down to $26K). I am in NY and would like a 10k lease for 36 or 39 Months. What is the current MF and RV on these? Can you please run the numbers to give me what would be a good monthly payment? Thanks

.00032 and 51% for 36/10

.00055 and 49% for 39/10

$1500 lease cash

cx3gma

Thanks Michaell,
I guess $1500 incentive can be applied to depreciation value, in which case I am getting pre-tax payments of $320.55 per month on 36 month lease.

Michaell

cx3gma said:

Thanks Michaell,
I guess $1500 incentive can be applied to depreciation value, in which case I am getting pre-tax payments of $320.55 per month on 36 month lease.

The $1500 can be used to reduce the cap cost or to help cover the up front costs of the lease.

ajfresh

I've short listed the Genesis for my next car purchase and I was curious to know what type of lease terms buyers are getting for the following models.

3.8 w/ Ultimate
5.0 w/ Ultimate

So far the most aggressive pricing I've been able to get for both models has been.

3.8 w/ Ultimate - $43,709
5.0 w/ Ultimate - $48,598

I'm in the Los Angeles county area

Any help with lease payments on those amounts would also be appreciated?

Thanks in advance guys

kyfdx

ajfresh said:

I've short listed the Genesis for my next car purchase and I was curious to know what type of lease terms buyers are getting for the following models.

3.8 w/ Ultimate
5.0 w/ Ultimate

So far the most aggressive pricing I've been able to get for both models has been.

3.8 w/ Ultimate - $43,709
5.0 w/ Ultimate - $48,598

I'm in the Los Angeles county area

Any help with lease payments on those amounts would also be appreciated?

Thanks in advance guys

3.8: .00041 MF and 59% residual for 36/12. $1500 lease cash
5.0: .00022 MF and 55% residual for 36/12. $1500 lease cash

ajfresh

Thank you. Can anyone tell me if the cap cost(s) are good or if better can be done? 

Michaell

ajfresh said:

Thank you. Can anyone tell me if the cap cost(s) are good or if better can be done? 

Can't help you with pricing ... use the "make / model /year" pull downs at the top of the page.

aminoacid91

ajfresh said:

Thank you. Can anyone tell me if the cap cost(s) are good or if better can be done? 

Hey AJFresh. Did your price include any discounts or incentives? The 3.8 Ultimate price of 43.7k is really good, considering the MSRP is 50k.

And what area in LA are you looking? Thanks!

nonpulsed

Hello, could i get numbers for Genesis 3.8 RWD with sig and tech. 36 month, 20,000 miles a year?
Was quoted .00041 and 57% residual. Is this correct? I am in So Cal. Thanks!

Michaell

nonpulsed said:

Hello, could i get numbers for Genesis 3.8 RWD with sig and tech. 36 month, 20,000 miles a year?
Was quoted .00041 and 57% residual. Is this correct? I am in So Cal. Thanks!

Those numbers are correct for a 36 month, 15,000 mile lease. Extra miles are purchased up front for .10-.25 per mile.

Also, there is $1500 lease cash.

ajfresh

Amino... my price included both lease cash and conquest incentives. As I continue to shop around, I 'm starting to see that the price quoted is pretty consistent across dealerships in the east LA and north Orange county areas.
Having been to my local dealership almost a half a dozen times in the last 6 weeks, I continue to see the same 3.8's. on lot. I wonder if slow sales (my perception) is prompting the discounts.

ajfresh

On a somewhat related note. Does anyone know when 2016 features/updates will be available to the public? I have the feeling an R-Spec model and more "Germancentric" amenities on the 3.8/5.0 models will be introduced. I'm curious to know if it will be worth waiting another 6-8 months.

aminoacid91

Thanks Ajfresh! I would check genesisowners.com for updates on the new model. There is a thread on there with people posting what they paid, I have a feeling you can get another $1000 off the 3.8 w/ Ultimate, probably towards the end of the month!

cbeck44

For the 5.0 is it currently 00022 MF and 55% residual for 36/12 or 00001 and 52% as stated a few posts back (through 4/1/15).

Michaell

cbeck44 said:

For the 5.0 is it currently 00022 MF and 55% residual for 36/12 or 00001 and 52% as stated a few posts back (through 4/1/15).

5.0 is .00022 and 55% for 36/12.

None of the Genesis models (sedan or coupe) have a .00001 MF.

cbeck44

Michaell said:

cbeck44 said:

For the 5.0 is it currently 00022 MF and 55% residual for 36/12 or 00001 and 52% as stated a few posts back (through 4/1/15).

5.0 is .00022 and 55% for 36/12.

None of the Genesis models (sedan or coupe) have a .00001 MF.

Thanks - there was a post from last month (2/7) that had those numbers and said that were good through 4/1/15.

Michaell

cbeck44 said:

Michaell said:

cbeck44 said:

For the 5.0 is it currently 00022 MF and 55% residual for 36/12 or 00001 and 52% as stated a few posts back (through 4/1/15).

5.0 is .00022 and 55% for 36/12.

None of the Genesis models (sedan or coupe) have a .00001 MF.

Thanks - there was a post from last month (2/7) that had those numbers and said that were good through 4/1/15.

That may have been true then, but Hyundai released new numbers at the beginning of March that replaced anything earlier.

cghamm22

2015 Genesis
signature and tech package
36 mnths 12k lease
860 down (1st payment and DMV registration)
59% residual 
.0004 MF
turning in a lease for a 2013 Azara with $3100  remaining that the dealer is paying off


 459/month

is this a good deal? I wanted to be at 450 so  I walked away

Michaell

chamm22 said:

2015 Genesis
signature and tech package
36 mnths 12k lease
860 down (1st payment and DMV registration)
59% residual 
.0004 MF
turning in a lease for a 2013 Azara with $3100  remaining that the dealer is paying off


 459/month

is this a good deal? I wanted to be at 450 so  I walked away

We would need to know the MSRP and the net capitalized cost to fully evaluate.

I would also get more clarification about the trade disposition - it's possible that negative equity was being rolled into your new deal.

cghamm22

MSRP $46,550

I don't recall the net cap cost

They wouldn't give a lot of info on payoff the the lease just that it wouldn't be a trade in and they would pay the remaining balance. 

Thanks!

Michaell

chamm22 said:

MSRP $46,550

I don't recall the net cap cost

They wouldn't give a lot of info on payoff the the lease just that it wouldn't be a trade in and they would pay the remaining balance. 

Thanks!

Can't model the payment unless I have the cap cost.

I would call the bank and get the payoff of your current car, then head over to the "Real World Trade in Values" discussion and get an honest appraisal. Knowing those two numbers will help you understand the total lease deal. If there is negative equity, that amount will be added into the new lease. If you have positive equity, get the dealer to cut you a check for that amount - do not use it as down payment on the new lease.

cghamm22

Thanks For Your Help... I'll Respond Once I Get The details 

ajfresh

Is the 5.0 not selling well? I was quoted an aggressively low price of $47,8... (After conquest rebate) for the ultimate package.. That price makes for a justifiable jump from the V6 I've been strongly considering. Any thoughts? 

Michaell

ajfresh said:

Is the 5.0 not selling well? I was quoted an aggressively low price of $47,8... (After conquest rebate) for the ultimate package.. That price makes for a justifiable jump from the V6 I've been strongly considering. Any thoughts? 

I don't think Hyundai is selling as many of the 5.0 Genesis as they'd like, hence the aggressive pricing.

borafsar

After a long research and shopping around finally pulled the trigger on a Tech AWD Parisian Gray Genesis, right off the truck with 18 miles on it:

MSRP: 49,130
Dealer Discount: 6,380
Rebates: 4,000
Price before Taxes and Fees: 38,750
Acq Fee: 595
Dealer Handling: 599
First Month's Payment: 421
Upfront Tax on Rebates: 276
Trade in Negative Equity: 472
Boulder County Sales tax: 8.15%
Residual: 59%
Money Factor: 0.00076

0 due at signing $421/month for 36 months 15k miles a year.

Sad to see my beloved Bmw 428 go but I think I got a pretty good deal...

Michaell

borafsar said:

After a long research and shopping around finally pulled the trigger on a Tech AWD Parisian Gray Genesis, right off the truck with 18 miles on it:

MSRP: 49,130
Dealer Discount: 6,380
Rebates: 4,000
Price before Taxes and Fees: 38,750
Acq Fee: 595
Dealer Handling: 599
First Month's Payment: 421
Upfront Tax on Rebates: 276
Trade in Negative Equity: 472
Boulder County Sales tax: 8.15%
Residual: 59%
Money Factor: 0.00076

0 due at signing $421/month for 36 months 15k miles a year.

Sad to see my beloved Bmw 428 go but I think I got a pretty good deal...

Congratulations - looks like an excellent deal. Enjoy!