2015 Hyundai Genesis Lease Questions

busydad1

It took a little work but not really that much. Dealer said he had to go into his holdback to get car but I doubt it....

thanks for all your help and all the other posts that gave me info.

cbeck44

Any June lease numbers for the 5.0?

cbeck44

andamio said:

Hi all, just wanted to share the deal i closed this afternoon after a few weeks of negotiation, in case anyone can use this information:

2015 Genesis 5.0 Ultimate Package
36/12K
1000 total out of pocket including 1st month, tag, fees etc.
$475 a month, tax included.
White with black interior.
Miami, FL.

Thanks to everyone, mods and the great information on this forum.

Mind sharing the specifics of that deal? Selling price, incentives applied, lease factors used?

Michaell

cbeck44 said:

Any June lease numbers for the 5.0?

.00003 and 54% for 36/12. $1500 lease cash.

evanslike

Any numbers for 3.8 AWD With Ultimate PKG
What are the numbers for 36 Months 15k
Is there any advantage to doing 36 Months? If the payment drops a bit I dont mind driving this car for 5 years.

Additionally is there any info on Hyundai lease transfer options? It looks like it cant be done at all. Is that correct?


Sticker is 52,800
Im wondering what I can knock of that and then if I can deduct another 1500 lease cash and maybe tire and rim ins?

Thanks

Michaell

evanslike said:

Any numbers for 3.8 AWD With Ultimate PKG
What are the numbers for 36 Months 15k
Is there any advantage to doing 36 Months? If the payment drops a bit I dont mind driving this car for 5 years.

Additionally is there any info on Hyundai lease transfer options? It looks like it cant be done at all. Is that correct?


Sticker is 52,800
Im wondering what I can knock of that and then if I can deduct another 1500 lease cash and maybe tire and rim ins?

Thanks

.00039 and 57% for 36/15. $1500 lease cash.

36 months is usually the sweet spot for leasing.

Don't have any information on lease transfers.

Use the pricing tools at the top of the page (make / model / year) to help set price targets.

evanslike

Michaell said:

evanslike said:

Any numbers for 3.8 AWD With Ultimate PKG
What are the numbers for 36 Months 15k
Is there any advantage to doing 36 Months? If the payment drops a bit I dont mind driving this car for 5 years.

Additionally is there any info on Hyundai lease transfer options? It looks like it cant be done at all. Is that correct?


Sticker is 52,800
Im wondering what I can knock of that and then if I can deduct another 1500 lease cash and maybe tire and rim ins?

Thanks

.00039 and 57% for 36/15. $1500 lease cash.

36 months is usually the sweet spot for leasing.

Don't have any information on lease transfers.

Use the pricing tools at the top of the page (make / model / year) to help set price targets.

Thanks. Is the Resid value based on MSRP?

kyfdx

evanslike said:

Michaell said:

evanslike said:

Any numbers for 3.8 AWD With Ultimate PKG
What are the numbers for 36 Months 15k
Is there any advantage to doing 36 Months? If the payment drops a bit I dont mind driving this car for 5 years.

Additionally is there any info on Hyundai lease transfer options? It looks like it cant be done at all. Is that correct?


Sticker is 52,800
Im wondering what I can knock of that and then if I can deduct another 1500 lease cash and maybe tire and rim ins?

Thanks

.00039 and 57% for 36/15. $1500 lease cash.

36 months is usually the sweet spot for leasing.

Don't have any information on lease transfers.

Use the pricing tools at the top of the page (make / model / year) to help set price targets.

Thanks. Is the Resid value based on MSRP?

Yes

evanslike

Thanks so much for you help.
Is the lease cash and conquest combinable?

Michaell

evanslike said:

Thanks so much for you help.
Is the lease cash and conquest combinable?

Should be - the lease cash is a factory to dealer incentive that they can pass along to the customer. Conquest is a factory to customer incentive.

basspro2

Thought I would contribute. Went in with pre-negotiated price all done by email after waiting for car for 2 weeks. Noticed that I calculated wrong by putting in 1000 instead of 1500 bonus cash. First manager tried to deny lease bonus cash existed and only admitted to it when I mentioned edmunds. Guy was something else. Told him to rework numbers but he comes back with different numbers than expected. Instead of 38950 he uses 39200 for wheel locks and floor mats. Didn't feel like wasting my time over couple hundred since color combo was hard to get and didn't feel like waiting again at another dealer so agreed to msrp of 39,200. Then manager keeps asking if I was going to pay the cap additions separately to the monthly. I say no and that the deal was for 300/mos with everything including taxes. Email was clear. Then I asked for 1 thing, an emblem for the back. He quotes $350 including installation and says that his cost on the emblem is $199. I ask for the emblem for free seeing that I relented on the MSRP of the car. He starts rambling on about how expensive the emblem was and this and that. I called another dealer and they had one for $50.
So this is what I learned from the experience: 1. Negotiate only by email and make sure if leasing that they understand that the number you give them is the only thing your paying and nothing more. 2. Dealers have a limited amount of vouchers that they can use every month. They can use multiple vouchers on you. They had to use 1 for $500 for me in addition to bonus cash and conquest that I got. 3. If you want anything else like rear emblem or wear and tear package negotiate prior to stepping into dealer. You loss a lot of time and negotiating power once you step into the dealership.

My deal. Black/black 3.8 rwd. 15k/36 mos. 311.42/mos. 3000 rebate. 12k/36 would have been 15 less per mos. no emblem and bad attitude = no referral to dealership.

basspro2

Also zero down.

Michaell

basspro2 said:

Thought I would contribute. Went in with pre-negotiated price all done by email after waiting for car for 2 weeks. Noticed that I calculated wrong by putting in 1000 instead of 1500 bonus cash. First manager tried to deny lease bonus cash existed and only admitted to it when I mentioned edmunds. Guy was something else. Told him to rework numbers but he comes back with different numbers than expected. Instead of 38950 he uses 39200 for wheel locks and floor mats. Didn't feel like wasting my time over couple hundred since color combo was hard to get and didn't feel like waiting again at another dealer so agreed to msrp of 39,200. Then manager keeps asking if I was going to pay the cap additions separately to the monthly. I say no and that the deal was for 300/mos with everything including taxes. Email was clear. Then I asked for 1 thing, an emblem for the back. He quotes $350 including installation and says that his cost on the emblem is $199. I ask for the emblem for free seeing that I relented on the MSRP of the car. He starts rambling on about how expensive the emblem was and this and that. I called another dealer and they had one for $50.
So this is what I learned from the experience: 1. Negotiate only by email and make sure if leasing that they understand that the number you give them is the only thing your paying and nothing more. 2. Dealers have a limited amount of vouchers that they can use every month. They can use multiple vouchers on you. They had to use 1 for $500 for me in addition to bonus cash and conquest that I got. 3. If you want anything else like rear emblem or wear and tear package negotiate prior to stepping into dealer. You loss a lot of time and negotiating power once you step into the dealership.

My deal. Black/black 3.8 rwd. 15k/36 mos. 311.42/mos. 3000 rebate. 12k/36 would have been 15 less per mos. no emblem and bad attitude = no referral to dealership.

Congratulations - and good for you to sticking to your numbers.

linyguy

Where can I find Dealer Holdback figures for 2015 Genesis AWD Ultimate? I don't see holdback or dealer incentive figures (or am I missing something)? Thanks.

Michaell

dcjm said:

Where can I find Dealer Holdback figures for 2015 Genesis AWD Ultimate? I don't see holdback or dealer incentive figures (or am I missing something)? Thanks.

I don't think holdback numbers are published anywhere....

kyfdx

dcjm said:

Where can I find Dealer Holdback figures for 2015 Genesis AWD Ultimate? I don't see holdback or dealer incentive figures (or am I missing something)? Thanks.

http://www.edmunds.com/car-buying/dealer-holdback/

mdk_713

Hello Everybody,

I have the following offer from a local dealer for the 2015 Hyundai Genesis 3.8 AWD with Ultimate Package

MSRP: 52770
Term: 36 Months
Mileage: 15K
Down: USD 2000 (From trade-in value of 7200)
Residual: USD 30078.90
Lease: 462/Month inclusive of taxes

OR

Everything the same but with 18k miles:

Residual: 28691.5
Lease: 499/Month inclusive of taxes

Would appreciate any comments on if this is indeed a good deal and/or the money factor as well as other useful information I could use to ensure I am paying the right amount.

Thanks in advance!

Regards,
Mak

Michaell

mdk_713 said:

Hello Everybody, I have the following offer from a local dealer for the 2015 Hyundai Genesis 3.8 AWD with Ultimate Package MSRP: 52770 Term: 36 Months Mileage: 15K Down: USD 2000 (From trade-in value of 7200) Residual: USD 30078.90 Lease: 462/Month inclusive of taxes OR Everything the same but with 18k miles: Residual: 28691.5 Lease: 499/Month inclusive of taxes Would appreciate any comments on if this is indeed a good deal and/or the money factor as well as other useful information I could use to ensure I am paying the right amount. Thanks in advance! Regards, Mak

What is the selling price?  We don't recommend making a down payment on a lease; if the car is stolen or totaled you lose that money. 

mdk_713

Michaell said:

mdk_713 said:

Hello Everybody,

I have the following offer from a local dealer for the 2015 Hyundai Genesis 3.8 AWD with Ultimate Package

MSRP: 52770
Term: 36 Months
Mileage: 15K
Down: USD 2000 (From trade-in value of 7200)
Residual: USD 30078.90
Lease: 462/Month inclusive of taxes

OR

Everything the same but with 18k miles:

Residual: 28691.5
Lease: 499/Month inclusive of taxes

Would appreciate any comments on if this is indeed a good deal and/or the money factor as well as other useful information I could use to ensure I am paying the right amount.

Thanks in advance!

Regards,
Mak

What is the selling price?  We don't recommend making a down payment on a lease; if the car is stolen or totaled you lose that money. 


Thank you for the prompt response..Out-the-Door price I've received on this vehicle is USD 50K even. When I did some reverse calculations, I arrived at USD 46935 as the Selling Price..Hope this info helps...

Is this a good price for leasing? For financing, you're probably aware of the 1.9%/60 months Hyundai Finance special..Thoughts? Comments?

Michaell

mdk_713 said:

Michaell said:

mdk_713 said:

Hello Everybody,

I have the following offer from a local dealer for the 2015 Hyundai Genesis 3.8 AWD with Ultimate Package

MSRP: 52770
Term: 36 Months
Mileage: 15K
Down: USD 2000 (From trade-in value of 7200)
Residual: USD 30078.90
Lease: 462/Month inclusive of taxes

OR

Everything the same but with 18k miles:

Residual: 28691.5
Lease: 499/Month inclusive of taxes

Would appreciate any comments on if this is indeed a good deal and/or the money factor as well as other useful information I could use to ensure I am paying the right amount.

Thanks in advance!

Regards,
Mak

What is the selling price?  We don't recommend making a down payment on a lease; if the car is stolen or totaled you lose that money. 

Thank you for the prompt response..Out-the-Door price I've received on this vehicle is USD 50K even. When I did some reverse calculations, I arrived at USD 46935 as the Selling Price..Hope this info helps...

Is this a good price for leasing? For financing, you're probably aware of the 1.9%/60 months Hyundai Finance special..Thoughts? Comments?



Looks good; under $500/mo for a car that stickers at almost $53k isn't bad.

mdk_713

Looks good; under $500/mo for a car that stickers at almost $53k isn't bad.


Thank you..Can I know the MF on this? I wasn't really sure from my Math..Additionally, regarding the 2k down..I'm sure if I were to not put as much, I'd probably be getting closer to mid 500 - early 600's or so for the lease..

Can I also know if buying it at the end would be a feasible option? About 30k + taxes and my total payments inclusive of the down, should put the total of the car to be right around (if not slightly more) than my OTD of 50k...

kyfdx

mdk_713 said:

Looks good; under $500/mo for a car that stickers at almost $53k isn't bad.


Thank you..Can I know the MF on this? I wasn't really sure from my Math..Additionally, regarding the 2k down..I'm sure if I were to not put as much, I'd probably be getting closer to mid 500 - early 600's or so for the lease..

Can I also know if buying it at the end would be a feasible option? About 30k + taxes and my total payments inclusive of the down, should put the total of the car to be right around (if not slightly more) than my OTD of 50k...


.00039

No way to tell now, what might be a good deal in three years.

mdk_713

kyfdx said:

mdk_713 said:

Looks good; under $500/mo for a car that stickers at almost $53k isn't bad.

Thank you..Can I know the MF on this? I wasn't really sure from my Math..Additionally, regarding the 2k down..I'm sure if I were to not put as much, I'd probably be getting closer to mid 500 - early 600's or so for the lease..

Can I also know if buying it at the end would be a feasible option? About 30k + taxes and my total payments inclusive of the down, should put the total of the car to be right around (if not slightly more) than my OTD of 50k...


.00039

No way to tell now, what might be a good deal in three years.


Thanks for letting me know on the MF..
Alright, since it sounds like a lease worth less than 1% of sticker is good, I'm probably going to proceed further..Hope it all works out!

Thanks for your assistance again

busydad1

Basspro2

On emblem, I had dealer do it for free. He told me other dealers were charging $395, and I told him it is on Amazon for $10 bucks and takes about 5 minutes to put on. I told him it was a good way to create a long-term customer by just doing it. He agreed and had it on the car when I arrived to pick it up. He did leave out wheel locks, first aid kit and cargo tray but I made him take them from the floor model (except wheel locks which are on order) since it was included in our original deal and I wanted them. Seems like if you have a good deal, they try to pick up dollars on the little items. But my experience was pretty painless overall.

basspro2

Busydad1, believe it or not the manager would not budge and at one point said the best he would do is take back the trunk tray and still charge $100. Like I said he will not be getting referrals. Also I bought one off eBay for 12 bucks with the rear mounts already removed and changed the logos myself. Pretty painless. Love the way it looks and I am really enjoying it and can't believe all you get for the price. For reference, my previous car was a Bmw x6 which was close to $70k and I don't miss anything except the superb handling. Made a quick u turn on the way home from the dealer and genesis actually fish tailed. Guess it's not a sports car lol.

MZA212

Hi,
I need South Florida numbers for 3.8 sedan with signature package. 3 yr lease 12k and 15k miles please. Also any info on lease cash and other incentives.
Thanks

Michaell

mzia said:

Hi,
I need South Florida numbers for 3.8 sedan with signature package. 3 yr lease 12k and 15k miles please. Also any info on lease cash and other incentives.
Thanks

I'll assume RWD ...

36/12 numbers are .00022 and 58%. $1500 lease cash. Subtract 2% for 15K.

MZA212

Thank you

larciel

any conquest competitor discount available for so.cal?

idk how that guy came up with $462 on MSRP car of $52k. Calculation comes to $520 for full option 3.8 (MSRP $50k)

I wish I can get that deal too !!

Michaell

larciel said:

any conquest competitor discount available for so.cal?

idk how that guy came up with $462 on MSRP car of $52k. Calculation comes to $520 for full option 3.8 (MSRP $50k)

I wish I can get that deal too !!

Use the Car Research tab at the top of the page to link to current customer incentives.

dimaria

Hi! Can you please provide me with the MF and RV for a 3.8 AWD with signature and technology package. MSRP around 49K in NY. THANKS

Michaell

dimaria said:

Hi! Can you please provide me with the MF and RV for a 3.8 AWD with signature and technology package. MSRP around 49K in NY. THANKS

.00039 and 59% for 36/12. $1500 lease cash

blues123

Looking for the MF and RV and any rebates on a 3.8 with signature package. I'm in Tennessee. Msrp around 43k. I have a Lexus ct200 with 9 lease payments left at $299 per month and looking at getting into a new genesis. 

aquilles10

I'm also looking into getting a 3.8 with the signature package in L.A. What are the new MF and residual values for a 36 month lease and 12k/year?

kyfdx

aquilles10 said:

I'm also looking into getting a 3.8 with the signature package in L.A. What are the new MF and residual values for a 36 month lease and 12k/year?

.00022 MF and 58% residual. $1500 lease cash

cbeck44

July lease numbers for the 5.0?

Michaell

cbeck44 said:

July lease numbers for the 5.0?

Lease term? Miles per year?

mszkoda

kyfdx said:

I'm also looking into getting a 3.8 with the signature package in L.A. What are the new MF and residual values for a 36 month lease and 12k/year?

.00022 MF and 58% residual. $1500 lease cash

Is this applicable to the 3.8 AWD Ultimate as well?

Michaell

mszkoda said:

kyfdx said:

aquilles10 said:

I'm also looking into getting a 3.8 with the signature package in L.A. What are the new MF and residual values for a 36 month lease and 12k/year?

.00022 MF and 58% residual. $1500 lease cash

Is this applicable to the 3.8 AWD Ultimate as well?

Nope - AWD Genesis has different numbers. 59% and .00039, same $1500 lease cash.

cbeck44

Michaell said:

cbeck44 said:

July lease numbers for the 5.0?

Lease term? Miles per year?

36/12, 36/10

Michaell

cbeck44 said:

Michaell said:

cbeck44 said:

July lease numbers for the 5.0?

Lease term? Miles per year?

36/12, 36/10

.00003 and 54% for 36/12; add 1% for 10K. $1500 lease cash.

mszkoda

Michaell said:

kyfdx said:

I'm also looking into getting a 3.8 with the signature package in L.A. What are the new MF and residual values for a 36 month lease and 12k/year?

.00022 MF and 58% residual. $1500 lease cash

Is this applicable to the 3.8 AWD Ultimate as well?

Nope - AWD Genesis has different numbers. 59% and .00039, same $1500 lease cash.

Great, thanks. That's the same as last month, right? Going to look at one next week and had worked a deal last month and want to see if that is still relevant.

vtwardee

New to leasing so would like a little guidance. Looking at a Genesis 5.0 with Ultimate package here in VA. The dealership reached out with a quote:
"Lease, MSRP=56,080, Price after rebate's and Discounts is $49,178, and with taxes and fee's, $52,615.55 for a payment of $676 for 36 Months with 0 cash, $646 with $1000 Cash, or 617 with $2000 cash Down"

This seems awfully high but I'm not sure where to go from here on negotiations. I've read that 0 cash down is recommended, but past that, I need a little help. Any advice you could give would be much appreciated.

kyfdx

vtwardee said:

New to leasing so would like a little guidance. Looking at a Genesis 5.0 with Ultimate package here in VA. The dealership reached out with a quote:
"Lease, MSRP=56,080, Price after rebate's and Discounts is $49,178, and with taxes and fee's, $52,615.55 for a payment of $676 for 36 Months with 0 cash, $646 with $1000 Cash, or 617 with $2000 cash Down"

This seems awfully high but I'm not sure where to go from here on negotiations. I've read that 0 cash down is recommended, but past that, I need a little help. Any advice you could give would be much appreciated.

.00003 MF and 54% residual for 36mo, 12K/yr. (your quote doesn't mention mileage allowance).
$1500 lease cash.

At those numbers, I get $622/mo., with just 1st payment and title/license fees due at signing.. That's about $24/mo. under your quote.

nicksmu17

Dealers not showing me lease cash or BMW takeover cash, are these available for July, and how much are they?

Michaell

nicksmu17 said:

Dealers not showing me lease cash or BMW takeover cash, are these available for July, and how much are they?

Genesis sedan has $1500 lease cash; coupe has $1750 this month.

We don't have customer incentive information; use the "Car Research" tab at the top of the page to link to them.

nicksmu17

ty!

pitchinwedge

Would like to confirm current 58% and .00022 for 36/12 in So Cal? Thanks!

pitchinwedge

Forgot to mention 3.8 RWD with Signature and Tech

kyfdx

pitchinwedge said:

Would like to confirm current 58% and .00022 for 36/12 in So Cal? Thanks!

That's it.. $1500 lease cash