2016 Hyundai Genesis Lease Questions

Michaell

indydriver317 said:

Indianapolis, Indiana

2016 rwd with signature package
Gross cap 40802
adjusted cap 37502
Residual 25833.15
finance factor .00038
7% sales tax
Base 366.04+25.62= 391.62
Title fees 26
Rent charge 24.31
Gap insurance included
acq fee 595
tire tax 1.25
depreciation 12302.60

I am not sure if I am missing anything still really new to this.

This info was in original email, then I asked more pointed questions above. I am not sure if this info helps.

Sales Price $40,802
Doc Fee 199
Acq Fee 595
title Fee 26
tire tax 1.25
Gross Cap Cost $41,623.25
Taxes on rebates 262.50
Rebates (3,750)
NET CAP Cost $38,135.75

I confirm the .00038 MF; what lease term and how many miles per year?

indydriver317

12k for 36

Michaell

indydriver317 said:

12k for 36

59%. $2750 lease cash. 

carfan74

Any March figures? MF, Residual, Lease Cash on 2016 AWD with Ultimate in NY metro? Thanks! (36/12 lease)

Michaell

carfan74 said:

Any March figures? MF, Residual, Lease Cash on 2016 AWD with Ultimate in NY metro? Thanks! (36/12 lease)

.00057 and 60%. $2750 lease cash.

bigtree3

Looking at 2016 3.8 or 5.0 RWD with all packages. What are the numbers (MF, residual, lease cash) in March for low mileage leases? I can go as low as 7,500 miles/year. Term is ok anywhere between 24 and 36 months depending on what the best deal is. I'm in SoCal (L.A.). Thanks!

Michaell

bigtree3 said:

Looking at 2016 3.8 or 5.0 RWD with all packages. What are the numbers (MF, residual, lease cash) in March for low mileage leases? I can go as low as 7,500 miles/year. Term is ok anywhere between 24 and 36 months depending on what the best deal is. I'm in SoCal (L.A.). Thanks!

No 24 month for Hyundai.

36/10 numbers:

3.8 - .00038 and 60%
5.0 - .00037 and 56%

$2750 lease cash.

bassatom

Ok guys. So I got in touch with a dealer in Buffalo NY and these are the numbers he gave me

2016 Genesis AWD 3.8 V6, 12k/36
MSRP 53245
Adjusted cap 49442
Residual value 32479.45
Money factor 0.00097
Lease is 564.93 with zero down, A true sign and drive offer apparently!

I tried doing the numbers and it appears as a good deal.

Any thoughts in this matter is much appreciated!a

Michaell

bassatom said:

Ok guys. So I got in touch with a dealer in Buffalo NY and these are the numbers he gave me

2016 Genesis AWD 3.8 V6, 12k/36
MSRP 53245
Adjusted cap 49442
Residual value 32479.45
Money factor 0.00097
Lease is 564.93 with zero down, A true sign and drive offer apparently!

I tried doing the numbers and it appears as a good deal.

Any thoughts in this matter is much appreciated!a

The base MF on the Genesis AWD is .00057, so the dealer is marking that up on you for a bit of extra profit.

Also, there is $2750 lease cash available; is that included in your pricing?

EDIT - max markup allowed by Hyundai is .00040 ... coincidence?

bassatom

Michaell said:

bassatom said:

Ok guys. So I got in touch with a dealer in Buffalo NY and these are the numbers he gave me

2016 Genesis AWD 3.8 V6, 12k/36
MSRP 53245
Adjusted cap 49442
Residual value 32479.45
Money factor 0.00097
Lease is 564.93 with zero down, A true sign and drive offer apparently!

I tried doing the numbers and it appears as a good deal.

Any thoughts in this matter is much appreciated!a

The base MF on the Genesis AWD is .00057, so the dealer is marking that up on you for a bit of extra profit.

Also, there is $2750 lease cash available; is that included in your pricing?

EDIT - max markup allowed by Hyundai is .00040 ... coincidence?

I used the money factor and made the calculations and the calculated lease comes around 780 while the one they offered is 564 ? Am i calculating it wrong or is there something I am missing ?

kyfdx

bassatom said:

Michaell said:

bassatom said:

Ok guys. So I got in touch with a dealer in Buffalo NY and these are the numbers he gave me

2016 Genesis AWD 3.8 V6, 12k/36
MSRP 53245
Adjusted cap 49442
Residual value 32479.45
Money factor 0.00097
Lease is 564.93 with zero down, A true sign and drive offer apparently!

I tried doing the numbers and it appears as a good deal.

Any thoughts in this matter is much appreciated!a

The base MF on the Genesis AWD is .00057, so the dealer is marking that up on you for a bit of extra profit.

Also, there is $2750 lease cash available; is that included in your pricing?

EDIT - max markup allowed by Hyundai is .00040 ... coincidence?

I used the money factor and made the calculations and the calculated lease comes around 780 while the one they offered is 564 ? Am i calculating it wrong or is there something I am missing ?

You are calculating it incorrectly. Using your numbers, I get $550/mo.

bassatom

kyfdx said:

bassatom said:

Michaell said:

bassatom said:

Ok guys. So I got in touch with a dealer in Buffalo NY and these are the numbers he gave me

2016 Genesis AWD 3.8 V6, 12k/36
MSRP 53245
Adjusted cap 49442
Residual value 32479.45
Money factor 0.00097
Lease is 564.93 with zero down, A true sign and drive offer apparently!

I tried doing the numbers and it appears as a good deal.

Any thoughts in this matter is much appreciated!a

The base MF on the Genesis AWD is .00057, so the dealer is marking that up on you for a bit of extra profit.

Also, there is $2750 lease cash available; is that included in your pricing?

EDIT - max markup allowed by Hyundai is .00040 ... coincidence?

I used the money factor and made the calculations and the calculated lease comes around 780 while the one they offered is 564 ? Am i calculating it wrong or is there something I am missing ?

You are calculating it incorrectly. Using your numbers, I get $550/mo.

Thank you. So 564 including the taxes seems like a good deal ? I have emailed the dealer to bring it down and he said for 10K miles a year he can do 548 a month.

Michaell

bassatom said:

kyfdx said:

bassatom said:

Michaell said:

bassatom said:

Ok guys. So I got in touch with a dealer in Buffalo NY and these are the numbers he gave me

2016 Genesis AWD 3.8 V6, 12k/36
MSRP 53245
Adjusted cap 49442
Residual value 32479.45
Money factor 0.00097
Lease is 564.93 with zero down, A true sign and drive offer apparently!

I tried doing the numbers and it appears as a good deal.

Any thoughts in this matter is much appreciated!a

The base MF on the Genesis AWD is .00057, so the dealer is marking that up on you for a bit of extra profit.

Also, there is $2750 lease cash available; is that included in your pricing?

EDIT - max markup allowed by Hyundai is .00040 ... coincidence?

I used the money factor and made the calculations and the calculated lease comes around 780 while the one they offered is 564 ? Am i calculating it wrong or is there something I am missing ?

You are calculating it incorrectly. Using your numbers, I get $550/mo.

Thank you. So 564 including the taxes seems like a good deal ? I have emailed the dealer to bring it down and he said for 10K miles a year he can do 548 a month.

Negotiate the selling price, not the payment.

carguy221

Hello,

I am looking for lease numbers for 2016 Genesis 3.8 AWD (Tech and Ultimate) in Michigan. 36/10k and 36/12k, Are there any numbers available for a 24 month lease?

Thank you for your time!

Michaell

carguy221 said:

Hello,

I am looking for lease numbers for 2016 Genesis 3.8 AWD (Tech and Ultimate) in Michigan. 36/10k and 36/12k, Are there any numbers available for a 24 month lease?

Thank you for your time!

No 24 month leases from Hyundai on the Genesis

36/12 AWD (packages do not affect the numbers) - .00057 and 60%. $2750 lease cash. Add 1% for 10K

kiwidancer

Are the MF and residuals the same on the coupe as the sedan? Looking for these numbers on 2015 and 2016 genesis coupe ultimate. 36/12

Michaell

kiwidancer said:

Are the MF and residuals the same on the coupe as the sedan? Looking for these numbers on 2015 and 2016 genesis coupe ultimate. 36/12

Stick shift or automatic?

Number are different for the coupe.

kiwidancer

Michaell said:

kiwidancer said:

Are the MF and residuals the same on the coupe as the sedan? Looking for these numbers on 2015 and 2016 genesis coupe ultimate. 36/12

Stick shift or automatic?

Number are different for the coupe.

Manual

kyfdx

kiwidancer said:

Michaell said:

kiwidancer said:

Are the MF and residuals the same on the coupe as the sedan? Looking for these numbers on 2015 and 2016 genesis coupe ultimate. 36/12

Stick shift or automatic?

Number are different for the coupe.

Manual

2016: .00061 MF and 51% residual. $2500 lease cash

2015: .00032 MF and 46% residual. $2800 lease cash.

donno2011

In SoCal. What's the MF and Res % for 36/15k RWD 3.8 and 5.0L Genesis sedan?

Thanks!

kyfdx

donno2011 said:

In SoCal. What's the MF and Res % for 36/15k RWD 3.8 and 5.0L Genesis sedan?

Thanks!

3.8: .00038 MF and 57% residual
5.0: .00037 MF and 53% residual.

$2750 lease cash on either.

aristiger

I just signed the lease deal for new genesis and want to share details

2016 Genesis 3.8 AWD / Signature package only for 36/15K year
MSRP: $46245.00
Title & Registration Fee:$7.50
Gross Capitalized Cost of Vehicle: $44852.80
Capitalized cost reduction:$5250
Total Capitalized cost:$39602.80
Acquisition Fee:$595
Residual Value: $26822.10

Due at signing :$392.88
Monthly Fee:$392.88 (Including NJ sales tax)

How did do on the deal?

Michaell

aristiger said:

I just signed the lease deal for new genesis and want to share details

2016 Genesis 3.8 AWD / Signature package only for 36/15K year
MSRP: $46245.00
Title & Registration Fee:$7.50
Gross Capitalized Cost of Vehicle: $44852.80
Capitalized cost reduction:$5250
Total Capitalized cost:$39602.80
Acquisition Fee:$595
Residual Value: $26822.10

Due at signing :$392.88
Monthly Fee:$392.88 (Including NJ sales tax)

How did do on the deal?

Under $400/mo for a $46K car is an excellent deal!

Congrats, and enjoy the new Genesis.

carguy221

Sharing my Genesis deal with everyone from Michigan.

2016 Genesis 3.8 AWD Ultimate - Casablanca White/Beige

36/12k
MSRP $53,270
Selling Price - $48,400
Minus Rebates - $4000 ($2750 Lease Cash, $1000 Conquest Cash, $250 additional rebate cash)
Price after rebates - $44,400
Money Factor - .00057
Residual Value - $31,962 60%
0 out of pocket, sign and drive - First payment, and all upfront costs rolled into lease (title, taxes, doc fee, 1st payment, etc--about $1500)

$458/month with 6% Michigan Sales Tax.

Thanks for the support with info, helped cinch the deal!

Michaell

carguy221 said:

Sharing my Genesis deal with everyone from Michigan.

2016 Genesis 3.8 AWD Ultimate - Casablanca White/Beige

36/12k
MSRP $53,270
Selling Price - $48,400
Minus Rebates - $4000 ($2750 Lease Cash, $1000 Conquest Cash, $250 additional rebate cash)
Price after rebates - $44,400
Money Factor - .00057
Residual Value - $31,962 60%
0 out of pocket, sign and drive - First payment, and all upfront costs rolled into lease (title, taxes, doc fee, 1st payment, etc--about $1500)

$458/month with 6% Michigan Sales Tax.

Thanks for the support with info, helped cinch the deal!

Wow, $458/mo with tax and all up front costs rolled in on a $53K car is a stellar deal!

Enjoy the new Genesis.

andy_edmunds1

How is this quote that I received today in PA?
2016 Genesis 3.8 AWD with Signature package. 12k/ 36 mo lease.
MSRP:$46,195
Title & Registration Fee: Tag $136.55/ Doc $135.00
Gross Capitalized Cost of Vehicle: $42,198
Capitalized cost reduction (please break down): $1,000 Value owner, $2,750 lease cash
Total Capitalized cost:$37,771.12
Acquisition Fee:$595
Residual Value:$27,717.00
Money factor:0.00057
Monthly payment:$383.80
Due at Sign: $676.88

And, one more question: Does Hyundai offer pull-ahead program for current lease? I have a Santa Fe lease ending in three months. Should I wait if they don't offer to "forgive" the last three payments?

kyfdx

andy_edmunds1 said:

How is this quote that I received today in PA?
2016 Genesis 3.8 AWD with Signature package. 12k/ 36 mo lease.
MSRP:$46,195
Title & Registration Fee: Tag $136.55/ Doc $135.00
Gross Capitalized Cost of Vehicle: $42,198
Capitalized cost reduction (please break down): $1,000 Value owner, $2,750 lease cash
Total Capitalized cost:$37,771.12
Acquisition Fee:$595
Residual Value:$27,717.00
Money factor:0.00057
Monthly payment:$383.80
Due at Sign: $676.88

Your numbers don't really add up.

Gross CAP cost of $42,198
minus $3750 in rebates is $38,448 (then add $595?) yet, you show 37,771 as total cap cost?

At $39,043 CAP, the payment is $353/mo.+tax. (which seems to match the payment).

andy_edmunds1

kyfdx said:

andy_edmunds1 said:

How is this quote that I received today in PA?
2016 Genesis 3.8 AWD with Signature package. 12k/ 36 mo lease.
MSRP:$46,195
Title & Registration Fee: Tag $136.55/ Doc $135.00
Gross Capitalized Cost of Vehicle: $42,198
Capitalized cost reduction (please break down): $1,000 Value owner, $2,750 lease cash
Total Capitalized cost:$37,771.12
Acquisition Fee:$595
Residual Value:$27,717.00
Money factor:0.00057
Monthly payment:$383.80
Due at Sign: $676.88

Your numbers don't really add up.

Gross CAP cost of $42,198
minus $3750 in rebates is $38,448 (then add $595?) yet, you show 37,771 as total cap cost?

At $39,043 CAP, the payment is $353/mo.+tax. (which seems to match the payment).

Thanks for pointing that out. I think they added $676.88 as down payment to the cap reduction. Then, total cap cost is $37,771.12. Then they may have added tax, fees, and first payment to the financed amount to come up with monthly payments. I will ask the dealer to clarify.

washnole1

Hi, can you give me mf, residual, and lease cash for 16 Genesis 3.8 AWD 36/12 in WA State Seattle area?

Michaell

washnole1 said:

Hi, can you give me mf, residual, and lease cash for 16 Genesis 3.8 AWD 36/12 in WA State Seattle area?

.00057 and 60%. $2750 lease cash.

slickmcfavorte

Crossing over from the Tucson thread...can you please give me numbers for Genesis 3.8 RWD 36/15 in Florida (Tampa area)?

Michaell

slickmcfavorte said:

Crossing over from the Tucson thread...can you please give me numbers for Genesis 3.8 RWD 36/15 in Florida (Tampa area)?

.00038 and 57%. $2750 lease cash.

stan6879

Sharing my Genesis lease deal from Florida- Delray Hyundai.
2016 RWD 3.8 Tech Package, Montecito Blue, Gray/Gray interior, 36 month/10K miles/year, MSLP $47,285.
1st month cash down, $369/month + 6% state sales tax.
Dealer currently advertising Ultimate package for $399 with same conditions. 3 weeks with car and loving it!

kyfdx

stan6879 said:

Sharing my Genesis lease deal from Florida- Delray Hyundai.
2016 RWD 3.8 Tech Package, Montecito Blue, Gray/Gray interior, 36 month/10K miles/year, MSLP $47,285.
1st month cash down, $369/month + 6% state sales tax.
Dealer currently advertising Ultimate package for $399 with same conditions. 3 weeks with car and loving it!

Congrats! that's a great deal

David Ehrlichman

I think I got a great deal on the car. 2016 AWD, signature package, 36 month/15K miles, MSRP 46,275.00
DAS=first payment, bank fee, + plates (around 1200.00 here in NY).
379.00 with taxes included.

sbrowne105

Can anyone give me a good reference article or app to calculate lease payments? I've tried a couple and used excel and it never aligns to what is posted here.

Also, does NY tax the lease payments or the total cost of the car?

Michaell

david2u said:

I think I got a great deal on the car. 2016 AWD, signature package, 36 month/15K miles, MSRP 46,275.00
DAS=first payment, bank fee, + plates (around 1200.00 here in NY).
379.00 with taxes included.

Solid deal. Congrats and enjoy!

Michaell

sbrowne105 said:

Can anyone give me a good reference article or app to calculate lease payments? I've tried a couple and used excel and it never aligns to what is posted here.

Also, does NY tax the lease payments or the total cost of the car?

Try this article:

http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

NY taxes the sum of the lease payments and collects that money at lease inception.

klnmcmg

MF and Rv for Genesis 3.8 with Signature Package, 36/12, 36/15 in NC. 

Michaell

klnmcmg said:

MF and Rv for Genesis 3.8 with Signature Package, 36/12, 36/15 in NC. 

RWD or AWD?

klnmcmg

Sorry. RWD

Michaell

klnmcmg said:

Sorry. RWD

36/12 on 2016 Genesis RWD - .00038 and 59%. $2750 lease cash.

klnmcmg

What about 36/15k? 

kyfdx

klnmcmg said:

What about 36/15k? 

Subtract 2% from 12K/yr residual

medved55

good afternoon,

looking for genesis numbers for April,

12k a year, 36 months.

looking for MF, Residual and lease cash if you can.

AWD v6,

tech and ultimate packages.

Thank you!

kiwidancer

April coupe numbers? Both auto and manual 36/12 please and thank you.

igota350ztt

Hello,

I'm also looking for April MF and Residual numbers, specifically in Pennsylvania for a 2016 AWD with ultimate package, 12/36 and 15/36. Also if there are any incentives (I don't own a hyundai or "competitive" vehicle). Thanks in advance!

kyfdx

medved55 said:

good afternoon,

looking for genesis numbers for April,

12k a year, 36 months.

looking for MF, Residual and lease cash if you can.

AWD v6,

tech and ultimate packages.

Thank you!

.00046 MF and 60% residual. $2600 lease cash.

kyfdx

igota350ztt said:

Hello,

I'm also looking for April MF and Residual numbers, specifically in Pennsylvania for a 2016 AWD with ultimate package, 12/36 and 15/36. Also if there are any incentives (I don't own a hyundai or "competitive" vehicle). Thanks in advance!

.00046 MF and 605/58% residual. $2600 lease cash.

scatts

Regarding the best way to leverage the lease cash element of the deal, is it best to negotiate a purchase price without reference to leasing and then after that is settled, indicate a desire to lease and put the lease cash into play at that point? Otherwise it would seem that the lease cash would get lost in the dealer's offer.

Looking at a 2016 AWD Ultimate in Colorado.
Thanks,
Steve