Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Lease 2015 Awd Loaded Hyundai Genesis With Tech And Ultimate Packages

layla831layla831 Posts: 3
edited October 2014 in Hyundai
I am New to leasing and clueless on lease negotiations and the maze of Money Factor, Residual and Cap Costs ... Yikes !

I love the 2015 AWD Genesis fully loaded with tech, sig and ultimate packages and eager to lease for 36 months - excellent credit + thru 11/3/14 Hyundai has a $ 1500 rebate lease promotion.
-
In studying the discussion boards, I've learned from the moderator, and other members if you want to Lease - you First get the best purchase price -

Done - My best purchase quote for the 2015 AWD Genesis fully loaded with Tech, Signature and Ultimate packages on vehicle MSRP of approx $52,400 is only $48,500.

-However, I just learned Hyundai is now offering a Manufacture $1500 lease promotion running thru 11/3/14.

So I should be basing my purchase price @ further reduced price of $47,000 factoring in the Hyundai Lease promotion and deduct $1500 from my best negotiated purchase price - Correct ?

Assuming purchase price of $47,000 (after applying Hyundai's Lease promotion of $1500) with MSRP of $52,400 what monthly should I expect to see in a 36 month 12K annual miles lease ?

I'm clueless on the maze of reasonable Money Factor and Residual numbers I should expect to see from Hyundai dealerships playing it straight; and NOT trying to add extra costs to increase your monthly lease payments to make up for the negotiated discounted purchase price.

One discussion member warned to look at the Cap costs - as this is where dealers try to add in costs ?

Would really appreciate help from moderate and other more seasoned Hyundai Genesis - purchase and lease discussion members.

Thanks so much !

Best Answer

  • kyfdxkyfdx Posts: 171,680
    Accepted Answer
    layla831 said:

    I am New to leasing and clueless on lease negotiations and the maze of Money Factor, Residual and Cap Costs ... Yikes !

    I love the 2015 AWD Genesis fully loaded with tech, sig and ultimate packages and eager to lease for 36 months - excellent credit + thru 11/3/14 Hyundai has a $ 1500 rebate lease promotion.
    -
    In studying the discussion boards, I've learned from the moderator, and other members if you want to Lease - you First get the best purchase price -

    Done - My best purchase quote for the 2015 AWD Genesis fully loaded with Tech, Signature and Ultimate packages on vehicle MSRP of approx $52,400 is only $48,500.

    -However, I just learned Hyundai is now offering a Manufacture $1500 lease promotion running thru 11/3/14.

    So I should be basing my purchase price @ further reduced price of $47,000 factoring in the Hyundai Lease promotion and deduct $1500 from my best negotiated purchase price - Correct ?

    Assuming purchase price of $47,000 (after applying Hyundai's Lease promotion of $1500) with MSRP of $52,400 what monthly should I expect to see in a 36 month 12K annual miles lease ?

    I'm clueless on the maze of reasonable Money Factor and Residual numbers I should expect to see from Hyundai dealerships playing it straight; and NOT trying to add extra costs to increase your monthly lease payments to make up for the negotiated discounted purchase price.

    One discussion member warned to look at the Cap costs - as this is where dealers try to add in costs ?

    Would really appreciate help from moderate and other more seasoned Hyundai Genesis - purchase and lease discussion members.

    Thanks so much !


    The $1500 is a "conquest" incentive.. You have to own a competing luxury brand vehicle to qualify. .00150 MF and 60% residual for this model. With your MSRP and proposed sellling price, the payment would be about $550/mo. You would have to pay acquisition fee, 1st payment, title/license/doc fees at signing.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

Answers

  • Thank you so much ! Really Appreciate Your Reply. Here is where things stand on my quest to get the keys to that beautiful 2015 AWD Genesis loaded with Ultimate package.

    The best dealer quote I now have for the 2015 AWD Genesis with Ultimate package is Super -$46,975 which included the Retail Cash Bonus of $1000. Snag - I am not a former Hyundai owner so I do not believe I qualify for the $1000 Promotion. Correct ?

    However, as a current owner of a Accura, I do qualify for the $1500 Conquest Lease Incentive ending 11/3/14.

    I presented dealer offering price of $46975 for the 2015 AWD Genesis w/Ultimate Package MSRP $52400 - a counter offer of $46475 (Factoring in the additional $500 for the Conquest Lease Incentive) & asked for MF and Residual calculations to determine the monthly payment on this vehicle MSRP $52400 using .00150 MF and 60 % Residual.

    Just waiting on reply from dealer on the monthly payment which should fall under $550/mo plus acquisition fee, 1'st payment, title/license/doc fees. - Correct ?

    -I've learned from other edmunds forum users dealers often attempt to manipulate calculations - and the CAP cost to increased costs escalating monthly payments. What should I be on the look out for ? Is a MF of .00150 and 60% Residual on this vehicle realistic ?

    Even with the dealer offering me what appears to be a fantastic price for the 2015 AWD Genesis with Ultimate package @ $46,975 which included the Retail Cash Bonus of $1000 (which I do not believe I qualify for; but I would qualify for the $1500 Conquest Lease Promotion) I do not anticipate game playing...
    but just want to be sure I am prepared to be a knowledgeable negotiator if needed. Any comments, tips or suggestions, MOST APPRECIATED.

    Once I close the deal I will post so other edmunds forum users can benefit from you help and my deal !
  • Update - Best offer I have on the 2015 AWD Genesis w/Ultimate MSPR 54700 is $45975 after dealer discount and $1500 Conquest Lease Incentive.
    - With -0- down @ 36 months 12K annual w/o tax monthly is $550 plus doc fee of $159
    - What say you Genesis Owners in the know ?
    - Is this a Good Price ? - Good Deal ?
    - Should I get the keys ?
  • leasing 2015 genesis AWD, with signature and Tech package but not ultimate package
    MSRP 49200, looking to lease for 3 years 15000 miles a year, 500 down
    What will be the best price, RV, money factor. Thanks in advance.
  • MichaellMichaell ColoradoPosts: 165,870
    raskha said:

    leasing 2015 genesis AWD, with signature and Tech package but not ultimate package
    MSRP 49200, looking to lease for 3 years 15000 miles a year, 500 down
    What will be the best price, RV, money factor. Thanks in advance.

    .00068 and 56%. $500 lease cash.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

This discussion has been closed.