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2015 Hyundai Genesis Lease Questions

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  • ROMILROMIL Member Posts: 111
    edited November 2015
    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?
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  • MichaellMichaell Moderator Posts: 263,148
    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.

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  • ROMILROMIL Member Posts: 111
    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.
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  • MichaellMichaell Moderator Posts: 263,148
    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.

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  • ROMILROMIL Member Posts: 111
    edited November 2015
    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?
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  • kyfdxkyfdx Moderator Posts: 266,851
    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.

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  • jacktljacktl Member Posts: 11
    Please post MF/Residual for a 2015 Hyundai Genesis 5.0 in FL for 36/12K and 36/15K
    Thanks.
  • kyfdxkyfdx Moderator Posts: 266,851
    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.

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  • kms34655kms34655 Member Posts: 12
    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!
  • kyfdxkyfdx Moderator Posts: 266,851
    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.

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  • ROMILROMIL Member Posts: 111
    edited November 2015
    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.
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  • MichaellMichaell Moderator Posts: 263,148
    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.

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  • ROMILROMIL Member Posts: 111
    edited November 2015
    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.
    2018 Honda Accord Touring
    2017 Chrysler Pacifica Limited
  • MichaellMichaell Moderator Posts: 263,148
    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.

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  • kinetics14kinetics14 Member Posts: 19
    edited November 2015
    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!
  • kyfdxkyfdx Moderator Posts: 266,851

    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

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  • jackj27jackj27 Member Posts: 6
    edited November 2015
    kyfdx 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
  • kyfdxkyfdx Moderator Posts: 266,851
    jackj27 said:

    kyfdx 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

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  • carfan74carfan74 Member Posts: 58
    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?
  • kyfdxkyfdx Moderator Posts: 266,851
    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

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  • letsb4real25letsb4real25 Member Posts: 5
    edited November 2015
    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
  • MichaellMichaell Moderator Posts: 263,148

    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).

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  • letsb4real25letsb4real25 Member Posts: 5
    Michaell 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.
  • MichaellMichaell Moderator Posts: 263,148

    Michaell 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?

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  • letsb4real25letsb4real25 Member Posts: 5
    Michaell said:

    Michaell 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%.
  • MichaellMichaell Moderator Posts: 263,148

    Michaell said:

    Michaell 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.

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  • letsb4real25letsb4real25 Member Posts: 5
    Michaell said:

    Michaell said:

    Michaell 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).
  • djeneraldjeneral Member Posts: 20
    edited November 2015
    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).
  • MichaellMichaell Moderator Posts: 263,148
    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.

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  • djeneraldjeneral Member Posts: 20
    edited November 2015
    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 :)
  • hattybanghattybang Member Posts: 1
    Any news on December Res and MF in Illinois on 3.8 or 5.0? 36/12. Thanks!
  • carfan74carfan74 Member Posts: 58
    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
  • letsb4real25letsb4real25 Member Posts: 5
    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!
  • jakepleejakeplee Member Posts: 1
    edited December 2015
    If I get 3.8 with signature package for $35,500 in Los Angels . How much is my monthly payment with 10K 36 months?
  • kyfdxkyfdx Moderator Posts: 266,851
    Sorry.. no Hyundai numbers for December, yet.

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  • jivedonkeyjivedonkey Member Posts: 7
    edited December 2015
    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. 
  • kyfdxkyfdx Moderator Posts: 266,851
    edited December 2015

    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

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  • jivedonkeyjivedonkey Member Posts: 7
    edited December 2015
    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?
  • MichaellMichaell Moderator Posts: 263,148

    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.

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  • azjeffvazjeffv Member Posts: 1
    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
  • MichaellMichaell Moderator Posts: 263,148
    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.

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  • carfan74carfan74 Member Posts: 58
    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!
  • MichaellMichaell Moderator Posts: 263,148
    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...

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  • carfan74carfan74 Member Posts: 58
    Anything yet?
  • kyfdxkyfdx Moderator Posts: 266,851
    carfan74 said:

    Anything yet?

    No, sorry.

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  • sammy87sammy87 Member Posts: 1
    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 ?
  • kyfdxkyfdx Moderator Posts: 266,851
    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.

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  • akrkwkakrkwk Member Posts: 17
    Is there lease cash available for January for Genesis? Besides conquest and loyalty?

    thank you!
  • kyfdxkyfdx Moderator Posts: 266,851
    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.

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  • jorge18jorge18 Member Posts: 28
    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?
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