2015 Hyundai Genesis Lease Questions

ROMIL

kyfdx said:

ROMIL said:

Please post MF/Residual for a 2015 Hyundai Genesis 3.8 RWD Ultimate in NV for 36/15K.

.00027 MF and 53% residual. $2750 lease cash

Thanks. Does the residual change based on options packages (assuming still RWD and 3.8 engine)? Also, do you have the numbers for the 2016 models yet?

Michaell

ROMIL said:

kyfdx said:

ROMIL said:

Please post MF/Residual for a 2015 Hyundai Genesis 3.8 RWD Ultimate in NV for 36/15K.

.00027 MF and 53% residual. $2750 lease cash

Thanks. Does the residual change based on options packages (assuming still RWD and 3.8 engine)? Also, do you have the numbers for the 2016 models yet?

No change based on options or packages.

2016 Genesis 3.8 RWD - .00120 and 52%. $2500 lease cash.

ROMIL

ROMIL said:

kyfdx said:

ROMIL said:

Please post MF/Residual for a 2015 Hyundai Genesis 3.8 RWD Ultimate in NV for 36/15K.

.00027 MF and 53% residual. $2750 lease cash

Thanks. Does the residual change based on options packages (assuming still RWD and 3.8 engine)? Also, do you have the numbers for the 2016 models yet?

Do they normally not advertise the lease cash on their websites? I can't find any info about it on Hyundai's lease offers. Would that normally factor in as a cap cost reduction for the lease payment or is it something they just take off the selling price, almost like an additional discount? I've never used lease cash on a lease.

Michaell

ROMIL said:

ROMIL said:

kyfdx said:

ROMIL said:

Please post MF/Residual for a 2015 Hyundai Genesis 3.8 RWD Ultimate in NV for 36/15K.

.00027 MF and 53% residual. $2750 lease cash

Thanks. Does the residual change based on options packages (assuming still RWD and 3.8 engine)? Also, do you have the numbers for the 2016 models yet?

Do they normally not advertise the lease cash on their websites? I can't find any info about it on Hyundai's lease offers. Would that normally factor in as a cap cost reduction for the lease payment or is it something they just take off the selling price, almost like an additional discount? I've never used lease cash on a lease.

Lease cash is a factory to dealer incentive, so not advertised. Use that knowledge to negotiate your best price.

ROMIL

I am potentially about to pull the trigger on a 2015 Genesis RWD 3.8L w/ Ultimate Package. MSRP is $49,950, selling price is $43,675 (factoring in my $1000 loyalty discount and $500 military discount). They are also factoring in the $2750 lease cash. For a 36 mo/15K per year lease with zero drive off (not even 1st month's payment), they are quoting me $499/month (incl 8.1% NV sales tax). They do have a hideously high $599 doc fee (all the dealers around here do and none of them will budge on that).

On top of that I am doing a lease pull ahead program which covers my last three monthly payments of $480 on my Azera and waives the $400 lease end disposition fee.

Thoughts?

kyfdx

ROMIL said:

I am potentially about to pull the trigger on a 2015 Genesis RWD 3.8L w/ Ultimate Package. MSRP is $49,950, selling price is $43,675 (factoring in my $1000 loyalty discount and $500 military discount). They are also factoring in the $2750 lease cash. For a 36 mo/15K per year lease with zero drive off (not even 1st month's payment), they are quoting me $499/month (incl 8.1% NV sales tax). They do have a hideously high $599 doc fee (all the dealers around here do and none of them will budge on that).

On top of that I am doing a lease pull ahead program which covers my last three monthly payments of $480 on my Azera and waives the $400 lease end disposition fee.

Thoughts?

Seems like a pretty good deal on a $50K MSRP vehicle.

jacktl

Please post MF/Residual for a 2015 Hyundai Genesis 5.0 in FL for 36/12K and 36/15K
Thanks.

kyfdx

jacktl said:

Please post MF/Residual for a 2015 Hyundai Genesis 5.0 in FL for 36/12K and 36/15K
Thanks.

.00010 MF and 52%/50% residual. $2750 lease cash.

kms34655

Please post MF and Residual for a 2015 Hyundai Genesis 3.8 RWD in Florida for 36mo/15K and 36mo/18K if they go that high in mileage with the lease.

Thanks!

kyfdx

kms34655 said:

Please post MF and Residual for a 2015 Hyundai Genesis 3.8 RWD in Florida for 36mo/15K and 36mo/18K if they go that high in mileage with the lease.

Thanks!

.00027 MF and 53% residual. $2750 lease cash for 36/15.

ROMIL

kyfdx said:

ROMIL said:

I am potentially about to pull the trigger on a 2015 Genesis RWD 3.8L w/ Ultimate Package. MSRP is $49,950, selling price is $43,675 (factoring in my $1000 loyalty discount and $500 military discount). They are also factoring in the $2750 lease cash. For a 36 mo/15K per year lease with zero drive off (not even 1st month's payment), they are quoting me $499/month (incl 8.1% NV sales tax). They do have a hideously high $599 doc fee (all the dealers around here do and none of them will budge on that).

On top of that I am doing a lease pull ahead program which covers my last three monthly payments of $480 on my Azera and waives the $400 lease end disposition fee.

Thoughts?

Seems like a pretty good deal on a $50K MSRP vehicle.

Yeah, I ended up pulling the trigger and have had the car for a week and half now. I'm very happy with it so far. Guess this means I have to stop bugging all the moderators on these forums with my large number of posts at the beginning of each month asking for lease rates.

Michaell

ROMIL said:

kyfdx said:

ROMIL said:

I am potentially about to pull the trigger on a 2015 Genesis RWD 3.8L w/ Ultimate Package. MSRP is $49,950, selling price is $43,675 (factoring in my $1000 loyalty discount and $500 military discount). They are also factoring in the $2750 lease cash. For a 36 mo/15K per year lease with zero drive off (not even 1st month's payment), they are quoting me $499/month (incl 8.1% NV sales tax). They do have a hideously high $599 doc fee (all the dealers around here do and none of them will budge on that).

On top of that I am doing a lease pull ahead program which covers my last three monthly payments of $480 on my Azera and waives the $400 lease end disposition fee.

Thoughts?

Seems like a pretty good deal on a $50K MSRP vehicle.

Yeah, I ended up pulling the trigger and have had the car for a week and half now. I'm very happy with it so far. Guess this means I have to stop bugging all the moderators on these forums with my large number of posts at the beginning of each month asking for lease rates.

I'm sure we'll be hearing from you in 30-36 months ...

Did the pull ahead program have anything to do with your final decision? I ask because I too am in a Hyundai lease that ends next year and I'm all over the map as to what I want to replace it.

ROMIL

Michaell said:

ROMIL said:

kyfdx said:

ROMIL said:

I am potentially about to pull the trigger on a 2015 Genesis RWD 3.8L w/ Ultimate Package. MSRP is $49,950, selling price is $43,675 (factoring in my $1000 loyalty discount and $500 military discount). They are also factoring in the $2750 lease cash. For a 36 mo/15K per year lease with zero drive off (not even 1st month's payment), they are quoting me $499/month (incl 8.1% NV sales tax). They do have a hideously high $599 doc fee (all the dealers around here do and none of them will budge on that).

On top of that I am doing a lease pull ahead program which covers my last three monthly payments of $480 on my Azera and waives the $400 lease end disposition fee.

Thoughts?

Seems like a pretty good deal on a $50K MSRP vehicle.

Yeah, I ended up pulling the trigger and have had the car for a week and half now. I'm very happy with it so far. Guess this means I have to stop bugging all the moderators on these forums with my large number of posts at the beginning of each month asking for lease rates.

I'm sure we'll be hearing from you in 30-36 months ...

Did the pull ahead program have anything to do with your final decision? I ask because I too am in a Hyundai lease that ends next year and I'm all over the map as to what I want to replace it.

It did. Getting almost $2000 in payments waived was a huge incentive. Plus for only $20/month more than my Azera lease, it was hard to look past a loaded Genesis. The reality is that the lease payment on the Genesis was only slightly more per month (or even less in some cases) than a ton of other significantly less expensive vehicles.

Michaell

ROMIL said:

Michaell said:

ROMIL said:

kyfdx said:

ROMIL said:

I am potentially about to pull the trigger on a 2015 Genesis RWD 3.8L w/ Ultimate Package. MSRP is $49,950, selling price is $43,675 (factoring in my $1000 loyalty discount and $500 military discount). They are also factoring in the $2750 lease cash. For a 36 mo/15K per year lease with zero drive off (not even 1st month's payment), they are quoting me $499/month (incl 8.1% NV sales tax). They do have a hideously high $599 doc fee (all the dealers around here do and none of them will budge on that).

On top of that I am doing a lease pull ahead program which covers my last three monthly payments of $480 on my Azera and waives the $400 lease end disposition fee.

Thoughts?

Seems like a pretty good deal on a $50K MSRP vehicle.

Yeah, I ended up pulling the trigger and have had the car for a week and half now. I'm very happy with it so far. Guess this means I have to stop bugging all the moderators on these forums with my large number of posts at the beginning of each month asking for lease rates.

I'm sure we'll be hearing from you in 30-36 months ...

Did the pull ahead program have anything to do with your final decision? I ask because I too am in a Hyundai lease that ends next year and I'm all over the map as to what I want to replace it.

It did. Getting almost $2000 in payments waived was a huge incentive. Plus for only $20/month more than my Azera lease, it was hard to look past a loaded Genesis. The reality is that the lease payment on the Genesis was only slightly more per month (or even less in some cases) than a ton of other significantly less expensive vehicles.

Hyundai has been providing some very aggressive lease numbers recently, which is why I drive an Elantra rather than a Mazda 3 or Focus hatchback.

kinetics14

Please post MF/Residual for a 2015 Hyundai Genesis 3.8 in southern california for 36/12K and 36/15K and lease cash.  Thank you!

kyfdx

kinetics14 said:

Please post MF/Residual for a 2015 Hyundai Genesis 3.8 in southern california for 36/12K and 36/15K and lease cash.  Thank you!

.00027 MF and 55%/53% residual. $2750 lease cash

jackj27

kyfdx said:

kinetics14 said:

Please post MF/Residual for a 2015 Hyundai Genesis 3.8 in southern california for 36/12K and 36/15K and lease cash.  Thank you!

.00027 MF and 55%/53% residual. $2750 lease cash

I know 2016 is just coming to the dealers, but
what state has the best MF/Resudual for a 2016 Hyundai Genesis 3.8 Rwd with ultimate pkg and 36k/12k or 36/15k?

Hesitant to get 1st new design 2015 Hyundai genesis after reading the forums;)

Thanks

Jack

kyfdx

jackj27 said:

kyfdx said:

kinetics14 said:

Please post MF/Residual for a 2015 Hyundai Genesis 3.8 in southern california for 36/12K and 36/15K and lease cash.  Thank you!

.00027 MF and 55%/53% residual. $2750 lease cash

I know 2016 is just coming to the dealers, but
what state has the best MF/Resudual for a 2016 Hyundai Genesis 3.8 Rwd with ultimate pkg and 36k/12k or 36/15k?

Hesitant to get 1st new design 2015 Hyundai genesis after reading the forums;)

Thanks

Jack

2016:

.00120 MF and 54%/52% residual. $2500 lease cash

carfan74

How about MF and residuals on 2015 and 2016 AWD models in NY as follows:
12k miles/year, 36 months lease
Either with the Signature and Tech, or Signature/Tech/Ultimate packages. Thanks!

Same lease cash as above for November?

kyfdx

carfan74 said:

How about MF and residuals on 2015 and 2016 AWD models in NY as follows:
12k miles/year, 36 months lease
Either with the Signature and Tech, or Signature/Tech/Ultimate packages. Thanks!

Same lease cash as above for November?

2016: .00120 MF and 55% residual. $2500 lease cash

2015: .00060 MF and 57% residual. $2750 lease cash

letsb4real25

Hello, I am considering leasing a 2015 Genesis R-Spec 5.0 demo vehicle with 3,900 miles. Here's what the internet sales person sent me:

Here are the two sets of Lease numbers based on $38,999:

3 years 12,000 miles per year
$1,000 due at signing
$398.53 per month
Money Factor: .00010
Residual: $26,405.55
$5,750 in total lease cash, coupons & rebates

3 years 15,000 miles per year
$1,000 due at signing
$430.08 per month
Money Factor: .00010
Residual: $25,370.25
$5,750 in total lease cash, coupons & rebates

I wanted to get your thoughts on the numbers as well as whether it makes sense to lease a demo vehicle.

Thanks so much,

Anthony

Michaell

letsb4real25 said:

Hello, I am considering leasing a 2015 Genesis R-Spec 5.0 demo vehicle with 3,900 miles. Here's what the internet sales person sent me:

Here are the two sets of Lease numbers based on $38,999:

3 years 12,000 miles per year
$1,000 due at signing
$398.53 per month
Money Factor: .00010
Residual: $26,405.55
$5,750 in total lease cash, coupons & rebates

3 years 15,000 miles per year
$1,000 due at signing
$430.08 per month
Money Factor: .00010
Residual: $25,370.25
$5,750 in total lease cash, coupons & rebates

I wanted to get your thoughts on the numbers as well as whether it makes sense to lease a demo vehicle.

Thanks so much,

Anthony

We need the MSRP in order to fully evaluate these offers.

I confirm the .00010 MF and the 36/12 residual is 52%. Subtract 2% for 15K. $2750 in lease cash, so there must be an additional $3K in incentives added in.

Leasing a demo can work in your favor; you can get a bigger discount from sticker, but the residual value is adjusted downward to account for the miles (usually at .10-.25 per mile).

letsb4real25

Michaell said:

letsb4real25 said:

Hello, I am considering leasing a 2015 Genesis R-Spec 5.0 demo vehicle with 3,900 miles. Here's what the internet sales person sent me:

Here are the two sets of Lease numbers based on $38,999:

3 years 12,000 miles per year
$1,000 due at signing
$398.53 per month
Money Factor: .00010
Residual: $26,405.55
$5,750 in total lease cash, coupons & rebates

3 years 15,000 miles per year
$1,000 due at signing
$430.08 per month
Money Factor: .00010
Residual: $25,370.25
$5,750 in total lease cash, coupons & rebates

I wanted to get your thoughts on the numbers as well as whether it makes sense to lease a demo vehicle.

Thanks so much,

Anthony

We need the MSRP in order to fully evaluate these offers.

I confirm the .00010 MF and the 36/12 residual is 52%. Subtract 2% for 15K. $2750 in lease cash, so there must be an additional $3K in incentives added in.

Leasing a demo can work in your favor; you can get a bigger discount from sticker, but the residual value is adjusted downward to account for the miles (usually at .10-.25 per mile).

I appreciate the quick response. The MSRP is listed at $52,715.

Michaell

letsb4real25 said:

Michaell said:

letsb4real25 said:

Hello, I am considering leasing a 2015 Genesis R-Spec 5.0 demo vehicle with 3,900 miles. Here's what the internet sales person sent me:

Here are the two sets of Lease numbers based on $38,999:

3 years 12,000 miles per year
$1,000 due at signing
$398.53 per month
Money Factor: .00010
Residual: $26,405.55
$5,750 in total lease cash, coupons & rebates

3 years 15,000 miles per year
$1,000 due at signing
$430.08 per month
Money Factor: .00010
Residual: $25,370.25
$5,750 in total lease cash, coupons & rebates

I wanted to get your thoughts on the numbers as well as whether it makes sense to lease a demo vehicle.

Thanks so much,

Anthony

We need the MSRP in order to fully evaluate these offers.

I confirm the .00010 MF and the 36/12 residual is 52%. Subtract 2% for 15K. $2750 in lease cash, so there must be an additional $3K in incentives added in.

Leasing a demo can work in your favor; you can get a bigger discount from sticker, but the residual value is adjusted downward to account for the miles (usually at .10-.25 per mile).

I appreciate the quick response. The MSRP is listed at $52,715.

Wow, $13K off sticker? Something seems off .. with those prices, I calculate the 36/12 payment to be $329/mo + tax.

What state and tax rate is this?

letsb4real25

Michaell said:

letsb4real25 said:

Michaell said:

letsb4real25 said:

Hello, I am considering leasing a 2015 Genesis R-Spec 5.0 demo vehicle with 3,900 miles. Here's what the internet sales person sent me:

Here are the two sets of Lease numbers based on $38,999:

3 years 12,000 miles per year
$1,000 due at signing
$398.53 per month
Money Factor: .00010
Residual: $26,405.55
$5,750 in total lease cash, coupons & rebates

3 years 15,000 miles per year
$1,000 due at signing
$430.08 per month
Money Factor: .00010
Residual: $25,370.25
$5,750 in total lease cash, coupons & rebates

I wanted to get your thoughts on the numbers as well as whether it makes sense to lease a demo vehicle.

Thanks so much,

Anthony

We need the MSRP in order to fully evaluate these offers.

I confirm the .00010 MF and the 36/12 residual is 52%. Subtract 2% for 15K. $2750 in lease cash, so there must be an additional $3K in incentives added in.

Leasing a demo can work in your favor; you can get a bigger discount from sticker, but the residual value is adjusted downward to account for the miles (usually at .10-.25 per mile).

I appreciate the quick response. The MSRP is listed at $52,715.

Wow, $13K off sticker? Something seems off .. with those prices, I calculate the 36/12 payment to be $329/mo + tax.

What state and tax rate is this?

I am in Indiana. Sales tax is 7%.

Michaell

letsb4real25 said:

Michaell said:

letsb4real25 said:

Michaell said:

letsb4real25 said:

Hello, I am considering leasing a 2015 Genesis R-Spec 5.0 demo vehicle with 3,900 miles. Here's what the internet sales person sent me:

Here are the two sets of Lease numbers based on $38,999:

3 years 12,000 miles per year
$1,000 due at signing
$398.53 per month
Money Factor: .00010
Residual: $26,405.55
$5,750 in total lease cash, coupons & rebates

3 years 15,000 miles per year
$1,000 due at signing
$430.08 per month
Money Factor: .00010
Residual: $25,370.25
$5,750 in total lease cash, coupons & rebates

I wanted to get your thoughts on the numbers as well as whether it makes sense to lease a demo vehicle.

Thanks so much,

Anthony

We need the MSRP in order to fully evaluate these offers.

I confirm the .00010 MF and the 36/12 residual is 52%. Subtract 2% for 15K. $2750 in lease cash, so there must be an additional $3K in incentives added in.

Leasing a demo can work in your favor; you can get a bigger discount from sticker, but the residual value is adjusted downward to account for the miles (usually at .10-.25 per mile).

I appreciate the quick response. The MSRP is listed at $52,715.

Wow, $13K off sticker? Something seems off .. with those prices, I calculate the 36/12 payment to be $329/mo + tax.

What state and tax rate is this?

I am in Indiana. Sales tax is 7%.

That takes the payment to $352/mo. Still not sure how the dealer gets to ~$400/mo.

Ask them what net cap cost they are using in their lease calcs. If different from the $38,999 selling price, find out what's been added.

letsb4real25

Michaell said:

letsb4real25 said:

Michaell said:

letsb4real25 said:

Michaell said:

letsb4real25 said:

Hello, I am considering leasing a 2015 Genesis R-Spec 5.0 demo vehicle with 3,900 miles. Here's what the internet sales person sent me:

Here are the two sets of Lease numbers based on $38,999:

3 years 12,000 miles per year
$1,000 due at signing
$398.53 per month
Money Factor: .00010
Residual: $26,405.55
$5,750 in total lease cash, coupons & rebates

3 years 15,000 miles per year
$1,000 due at signing
$430.08 per month
Money Factor: .00010
Residual: $25,370.25
$5,750 in total lease cash, coupons & rebates

I wanted to get your thoughts on the numbers as well as whether it makes sense to lease a demo vehicle.

Thanks so much,

Anthony

We need the MSRP in order to fully evaluate these offers.

I confirm the .00010 MF and the 36/12 residual is 52%. Subtract 2% for 15K. $2750 in lease cash, so there must be an additional $3K in incentives added in.

Leasing a demo can work in your favor; you can get a bigger discount from sticker, but the residual value is adjusted downward to account for the miles (usually at .10-.25 per mile).

I appreciate the quick response. The MSRP is listed at $52,715.

Wow, $13K off sticker? Something seems off .. with those prices, I calculate the 36/12 payment to be $329/mo + tax.

What state and tax rate is this?

I am in Indiana. Sales tax is 7%.

That takes the payment to $352/mo. Still not sure how the dealer gets to ~$400/mo.

Ask them what net cap cost they are using in their lease calcs. If different from the $38,999 selling price, find out what's been added.

The Net Cap Cost is $38,999 (Discount price $44,749 minus rebates $5,750).

djeneral

My math is the same as Michaell's. In order to get to $398.53 there is an incremental $1,577.50 (or so) in fees.

MSRP: 52,715
Base Cap Cost: 44,749
Additional Fees: 1,577.50
Cap Cost Reductions: 6,750 (1,000 down and 5,750 in rebates)
Net Cap Cost: 39,576.50
Residual: 50% / $26,405.55
Money Factor: 0.00010
Sales Tax: 7.00%
Monthly: $398.53

I'd presume the $1,577.50 in additional fees are: 1) tax on the cap cost reductions; 2) lease acquisition fee; 3) documentation fees; 4) state DMV registration fee; and 5) tire disposal fee. Effectively your drive-offs. You may be able to argue out a portion of the tax if they're willing to recognize $5,750 at the base cap cost rather than as a cap cost reduction/rebate.

Honestly, either way $13,000 off MSRP is pretty absurd and your cost of financing is pretty low (i.e. you're predominantly paying depreciation on the vehicle).

Michaell

djeneral said:

My math is the same as Michaell's. In order to get to $398.53 there is an incremental $1,577.50 (or so) in fees.

MSRP: 52,715
Base Cap Cost: 44,749
Additional Fees: 1,577.50
Cap Cost Reductions: 6,750 (1,000 down and 5,750 in rebates)
Net Cap Cost: 39,576.50
Residual: 50% / $26,405.55
Money Factor: 0.00010
Sales Tax: 7.00%
Monthly: $398.53

I'd presume the $1,577.50 in additional fees are: 1) tax on the cap cost reductions; 2) lease acquisition fee; 3) documentation fees; 4) state DMV registration fee; and 5) tire disposal fee. Effectively your drive-offs. You may be able to argue out a portion of the tax if they're willing to recognize $5,750 at the base cap cost rather than as a cap cost reduction/rebate.

Honestly, either way $13,000 off MSRP is pretty absurd and your cost of financing is pretty low (i.e. you're predominantly paying depreciation on the vehicle).

Agreed about the $1600 in fees. Though the incentives are always subject to tax, so no way around it.

Still, $400/mo for a $53K car is a darn good deal.

djeneral

Michaell said:

Agreed about the $1600 in fees. Though the incentives are always subject to tax, so no way around it.

Still, $400/mo for a $53K car is a darn good deal.

Totally agree...wish I could get this type of deal

hattybang

Any news on December Res and MF in Illinois on 3.8 or 5.0? 36/12. Thanks!

carfan74

With December here, are these November figures still valid on the 2015/16 AWD Genesis in NY? If not, can someone update? Thanks!

2016: .00120 MF and 55% residual. $2500 lease cash

2015: .00060 MF and 57% residual. $2750 lease cash

letsb4real25

Michaell said:

djeneral said:

My math is the same as Michaell's. In order to get to $398.53 there is an incremental $1,577.50 (or so) in fees.

MSRP: 52,715
Base Cap Cost: 44,749
Additional Fees: 1,577.50
Cap Cost Reductions: 6,750 (1,000 down and 5,750 in rebates)
Net Cap Cost: 39,576.50
Residual: 50% / $26,405.55
Money Factor: 0.00010
Sales Tax: 7.00%
Monthly: $398.53

I'd presume the $1,577.50 in additional fees are: 1) tax on the cap cost reductions; 2) lease acquisition fee; 3) documentation fees; 4) state DMV registration fee; and 5) tire disposal fee. Effectively your drive-offs. You may be able to argue out a portion of the tax if they're willing to recognize $5,750 at the base cap cost rather than as a cap cost reduction/rebate.

Honestly, either way $13,000 off MSRP is pretty absurd and your cost of financing is pretty low (i.e. you're predominantly paying depreciation on the vehicle).

Agreed about the $1600 in fees. Though the incentives are always subject to tax, so no way around it.

Still, $400/mo for a $53K car is a darn good deal.

I appreciate the help!

jakeplee

If I get 3.8 with signature package for $35,500 in Los Angels . How much is my monthly payment with 10K 36 months?

kyfdx

Sorry.. no Hyundai numbers for December, yet.

jivedonkey

Received a lease quote from a local dealer on a 2015 Signature & Tech RWD today. Feels high, but curious on your thoughts. This car may just be too expensive for me, currently paying $350/mo on a $40k Explorer. 

MSRP: $46,645
Price: $40,345
Dealer Fee: $499

At 12k miles / 36 months, they quoted at .00120 money factor and 54% residual. 

With $1000 down payment, quote was $520 w/ tax (7%). 

Trying to get to $400 or under, but I dont know if I can get there with this car and the packages I want. 

kyfdx

jivedonkey said:

Received a lease quote from a local dealer on a 2015 Signature & Tech RWD today. Feels high, but curious on your thoughts. This car may just be too expensive for me, currently paying $350/mo on a $40k Explorer. 

MSRP: $46,645
Price: $40,345
Dealer Fee: $499

At 12k miles / 36 months, they quoted at .00120 money factor and 54% residual. 

With $1000 down payment, quote was $520 w/ tax (7%). 

Trying to get to $400 or under, but I dont know if I can get there with this car and the packages I want. 

Sorry, but we don't have any Hyundai lease information for December. Under $400/mo. for a $46K MSRP vehicle is definitely not the norm, even if you have achieved it, previously

jivedonkey

Just checking in to see if there are any updated numbers for Dec. Looking at a RWD 3.8 w/ Tech in FL. 3yr / 12k mi. 

Also, that dealer above mentioned that the Lease Cash is only applicable for Conquest. I was under the understanding that the Conquest Rebate was separate from the $2750 lease cash that's available. Unless the lease cash changed?

Michaell

jivedonkey said:

Just checking in to see if there are any updated numbers for Dec. Looking at a RWD 3.8 w/ Tech in FL. 3yr / 12k mi. 

Also, that dealer above mentioned that the Lease Cash is only applicable for Conquest. I was under the understanding that the Conquest Rebate was separate from the $2750 lease cash that's available. Unless the lease cash changed?

Doesn't look like we'll be getting any Hyundai numbers this month.

Lease cash is a factory to dealer incentive; conquest (or loyalty) incentives are factory to customer. They should combine.

azjeffv

Please help, I'm considering leasing a 2015 Genesis base model 36 month with 15K miles for 355.00 is this a good deal?
Vehicle Price: $39,135.00
Savings: - $2,948.00

Price: $36,187.00

Trade-in Value: - $3,800.00
Difference: $32,387.00
Sales Tax (estimate): + $2,623.35
Tag/Registration Fees (estimate): + $8.25
Tire/Battery/MVWEA: + $5.00
Postage: + $3.00
Title Fee: + $4.00
Documentation Fee: + $399.00
Lieu Tax: + $638.40
Balance Due (estimate): $36,068.00

Michaell

azjeffv said:

Please help, I'm considering leasing a 2015 Genesis base model 36 month with 15K miles for 355.00 is this a good deal?
Vehicle Price: $39,135.00
Savings: - $2,948.00

Price: $36,187.00

Trade-in Value: - $3,800.00
Difference: $32,387.00
Sales Tax (estimate): + $2,623.35
Tag/Registration Fees (estimate): + $8.25
Tire/Battery/MVWEA: + $5.00
Postage: + $3.00
Title Fee: + $4.00
Documentation Fee: + $399.00
Lieu Tax: + $638.40
Balance Due (estimate): $36,068.00

While I don't track prices, I think you could do better than $3K off sticker.

And, we don't recommend using trade equity as down payment - that money is at risk if the car is stolen or totaled. $3800 would add about $105/mo to your lease payment.

Unfortunately, we don't have the Hyundai numbers this month.

VA taxes work against you when leasing.

carfan74

As 1/6 marks the rollover into the new sales month, any adjustment on incentives and lease rates on both 2015 and 2016 Genesis AWD sedan models - in NY? Money factor and residuals, as well as any lease cash. Thanks!

Michaell

carfan74 said:

As 1/6 marks the rollover into the new sales month, any adjustment on incentives and lease rates on both 2015 and 2016 Genesis AWD sedan models - in NY? Money factor and residuals, as well as any lease cash. Thanks!

No Hyundai numbers yet this month ... and, we didn't see any for December either.

Here's hoping something shows up soon...

carfan74

Anything yet?

kyfdx

carfan74 said:

Anything yet?

No, sorry.

sammy87

can u evaluate this offer from a local dealer here in S. CA,

Genesis 2015 with Ultimate package: 10,000 for 36 months

MSRP: $50,700
Selling price: $46,934.85 (includes acquisition fee)
Rebates & coupons : 6,750
Adj cap cost: $40,887.04
Down payment: $1000 (title/registration, tax on cap cost reduction, first payment, DMV e-filing fees, and $80 doc fee)
Money factor: 0.00027
Residual : 56% for 10,000 miles 36 months

Monthly: $399.85 incl. tax of (7.5%)

what do u think ?

kyfdx

sammy87 said:

can u evaluate this offer from a local dealer here in S. CA,

Genesis 2015 with Ultimate package: 10,000 for 36 months

MSRP: $50,700
Selling price: $46,934.85 (includes acquisition fee)
Rebates & coupons : 6,750
Adj cap cost: $40,887.04
Down payment: $1000 (title/registration, tax on cap cost reduction, first payment, DMV e-filing fees, and $80 doc fee)
Money factor: 0.00027
Residual : 56% for 10,000 miles 36 months

Monthly: $399.85 incl. tax of (7.5%)

what do u think ?

I can't verify the lease variables, but the calculations using your numbers come to $366/mo.+tax, so it's less than $10/mo. off..

Pretty good deal for a $50K MSRP vehicle.

akrkwk

Is there lease cash available for January for Genesis? Besides conquest and loyalty?

thank you!

kyfdx

akrkwk said:

Is there lease cash available for January for Genesis? Besides conquest and loyalty?

thank you!

We didn't get the Hyundai information for January. Sorry.

jorge18

Hi everyone,

First of all, thanks for all your help on here, you guys are awesome!

My lease on my Accord is coming up in a couple months and I'm looking for new options. Basically, my question is will I be able to get into the 5.0 for under $500 a month with $0 down?