2016 Hyundai Genesis Lease Questions

johndoeii

buyforless said:

johndoeii said:

Michaell said:

johndoeii said:

California, I just got a $50,800 msrp Genesis 3.8 RWD Ultimate with a few additional options (cargo, first aid), 12k miles a year, 36 months, 0 down (including first month paid and taxes), $375 a month. Did I get a good deal?

On the surface, I'd say yes.

How much total out of pocket was there at signing?

Zero out of pocket at signing. They paid for my first month, and all fees, registration, etc. were rolled into the $375 a month fee.

375+ CA tax? or is the $375 including tax

yes all in, including tax.

nrg2016

Hello, wanting to close the deal on 2016 awd with signature package.  12k/yr, 36 months.  With $3000 down gets me $360/month including WA tax.  FYI this is a "demo" with 500 miles, not sure if I should bite??

nrg2016

This was with the sale price of $37500

kyfdx

nrg2016 said:

Hello, wanting to close the deal on 2016 awd with signature package.  12k/yr, 36 months.  With $3000 down gets me $360/month including WA tax.  FYI this is a "demo" with 500 miles, not sure if I should bite??

nrg2016 said:

This was with the sale price of $37500

What is the MSRP?

.00035 MF and 57% residual. $3500 lease cash

nrg2016

Msrp $46270.  Seems like a good deal except it has 500 miles on it...

Michaell

nrg2016 said:

Msrp $46270.  Seems like a good deal except it has 500 miles on it...

Sorry, one more question -- RWD or AWD?

nrg2016

AWD. Thanks for your inputs guys!

Michaell

Michaell said:

nrg2016 said:

Msrp $46270.  Seems like a good deal except it has 500 miles on it...

Sorry, one more question -- RWD or AWD?

nrg2016 said:

AWD. Thanks for your inputs guys!

Let's recap:

2016 Genesis AWD
$46,270 MSRP
$37,500 selling price

36 months, 12,000 miles per year

.00035 and 57%

With those prices, I get $331.41/mo before tax. Assuming $0 down.

What does the $3000 due at signing cover?

nrg2016

All fees plus 1st payment.  So this means there's still room for improvement?

Michaell

nrg2016 said:

All fees plus 1st payment.  So this means there's still room for improvement?

We don't track selling prices, so can't tell you if there is more to save there.

Do you have a breakdown of "all fees"? Seems like a lot.

kms34655

Hi,

Looking for MF and residual for 2016 RWD Genesis sedan w/Signature in Florida. 36months, 15K/year.

Thanks.

kms34655

kms34655 said:

Hi,

Looking for MF and residual for 2016 RWD Genesis sedan w/Signature in Florida. 36months, 15K/year.

Thanks.

Also, can I get them for the Tech package (if different). Thanks!

gpapz125

Going to Hyundai on Tuesday. Last day of the month. They have 1 Genesis available. Looking to get it as low as possible or I'll walk. Looking to get payments at $250/month. Taxes and fees up front. Is it possible? Found this deal online. 

Michaell

kms34655 said:

kms34655 said:

Hi,

Looking for MF and residual for 2016 RWD Genesis sedan w/Signature in Florida. 36months, 15K/year.

Thanks.

Also, can I get them for the Tech package (if different). Thanks!

.00017 and 54%. $3500 lease cash

Individual options and packages do not affect the numbers.

Michaell

gpapz125 said:

Going to Hyundai on Tuesday. Last day of the month. They have 1 Genesis available. Looking to get it as low as possible or I'll walk. Looking to get payments at $250/month. Taxes and fees up front. Is it possible? Found this deal online. 

Nope.

I get $350/mo before tax, assuming this is a base AT with 36 months, 10,000 miles per year.

.00081 and 52%. $2500 lease cash.

gpapz125

Michaell said:

Going to Hyundai on Tuesday. Last day of the month. They have 1 Genesis available. Looking to get it as low as possible or I'll walk. Looking to get payments at $250/month. Taxes and fees up front. Is it possible? Found this deal online. 

Nope. I get $350/mo before tax, assuming this is a base AT with 36 months, 10,000 miles per year. .00081 and 52%. $2500 lease cash.

Wow still that much? This car is tough to lease. $350 for a $26000 car. I got offered $250 for a accord coupe which ended up being $34000. Do you think it's possible to get it to $250? Since I currently lease with them?

Michaell

gpapz125 said:

Michaell said:

gpapz125 said:

Going to Hyundai on Tuesday. Last day of the month. They have 1 Genesis available. Looking to get it as low as possible or I'll walk. Looking to get payments at $250/month. Taxes and fees up front. Is it possible? Found this deal online. 

Nope.

I get $350/mo before tax, assuming this is a base AT with 36 months, 10,000 miles per year.

.00081 and 52%. $2500 lease cash.

Wow still that much? This car is tough to lease. $350 for a $26000 car. I got offered $250 for a accord coupe which ended up being $34000. Do you think it's possible to get it to $250? Since I currently lease with them?

Do I think it's possible to get what for $250?

You can lease any car for that payment, if you're willing to put down enough money - which we don't recommend.

gpapz125

Michaell said:

Michaell said:

Going to Hyundai on Tuesday. Last day of the month. They have 1 Genesis available. Looking to get it as low as possible or I'll walk. Looking to get payments at $250/month. Taxes and fees up front. Is it possible? Found this deal online. 

Nope. I get $350/mo before tax, assuming this is a base AT with 36 months, 10,000 miles per year. .00081 and 52%. $2500 lease cash.

Wow still that much? This car is tough to lease. $350 for a $26000 car. I got offered $250 for a accord coupe which ended up being $34000. Do you think it's possible to get it to $250? Since I currently lease with them?

Do I think it's possible to get what for $250? You can lease any car for that payment, if you're willing to put down enough money - which we don't recommend.

I meant do you think the dealership would be willing to lower the sell price to get rid of the vehicle? If so, how much would they need to lower it to? Thanks!

Michaell

gpapz125 said:

Michaell said:

gpapz125 said:

Michaell said:

gpapz125 said:

Going to Hyundai on Tuesday. Last day of the month. They have 1 Genesis available. Looking to get it as low as possible or I'll walk. Looking to get payments at $250/month. Taxes and fees up front. Is it possible? Found this deal online. 

Nope.

I get $350/mo before tax, assuming this is a base AT with 36 months, 10,000 miles per year.

.00081 and 52%. $2500 lease cash.

Wow still that much? This car is tough to lease. $350 for a $26000 car. I got offered $250 for a accord coupe which ended up being $34000. Do you think it's possible to get it to $250? Since I currently lease with them?

Do I think it's possible to get what for $250?

You can lease any car for that payment, if you're willing to put down enough money - which we don't recommend.

I meant do you think the dealership would be willing to lower the sell price to get rid of the vehicle? If so, how much would they need to lower it to? Thanks!

To go from $350/mo to $250/mo, the price would have to come down over $3000

nj04qsgoat

Hi All,

I'm a new member to the site and am actually looking at leasing for the first time.  I test drove a Genesis 2016 fully loaded and fell in love with the car.  I was hoping for someone could help me understand how to determine if a lease is a good deal, can anyone suggest any reading material?

I live in NJ and had a dealer quote me $559 + $4500 down for a Genesis sedan AWD fully loaded.  This seems extremely high compared to some other numbers I've read here.  What is a realistic lease price for a 2016 fully loaded ($53k msrp) with awd while paying $0 down.  Also can anyone recommend a good Hyundai dealer in NJ?

Thank you all!

kyfdx

nj04qsgoat said:

Hi All,

I'm a new member to the site and am actually looking at leasing for the first time.  I test drove a Genesis 2016 fully loaded and fell in love with the car.  I was hoping for someone could help me understand how to determine if a lease is a good deal, can anyone suggest any reading material?

I live in NJ and had a dealer quote me $559 + $4500 down for a Genesis sedan AWD fully loaded.  This seems extremely high compared to some other numbers I've read here.  What is a realistic lease price for a 2016 fully loaded ($53k msrp) with awd while paying $0 down.  Also can anyone recommend a good Hyundai dealer in NJ?

Thank you all!

I would start here:
http://www.edmunds.com/car-leasing/

leasenewb

Can I please have money factor and residual value for 2016 Hyundai Genesis RWD Ultimate
12K/36Month, SoCal.

And any rebate or incentives available?

Thank you.

nrg2016

Update : Was offered an awesome deal on AWD ultimate trim, $400 + tax, 12k/yr.  Exact color combo I wanted as well (blue/ivory).  Thanks for all your help guys!

nj04qsgoat

nrg2016 said:

Update : Was offered an awesome deal on AWD ultimate trim, $400 + tax, 12k/yr.  Exact color combo I wanted as well (blue/ivory).  Thanks for all your help guys!

Can I ask where you got this deal?  I'm in NJ.

thank you!

nj04qsgoat

kyfdx said:

Hi All,

I'm a new member to the site and am actually looking at leasing for the first time.  I test drove a Genesis 2016 fully loaded and fell in love with the car.  I was hoping for someone could help me understand how to determine if a lease is a good deal, can anyone suggest any reading material?

I live in NJ and had a dealer quote me $559 + $4500 down for a Genesis sedan AWD fully loaded.  This seems extremely high compared to some other numbers I've read here.  What is a realistic lease price for a 2016 fully loaded ($53k msrp) with awd while paying $0 down.  Also can anyone recommend a good Hyundai dealer in NJ?

Thank you all!

I would start here: http://www.edmunds.com/car-leasing/

Thank you!

Michaell

leasenewb said:

Can I please have money factor and residual value for 2016 Hyundai Genesis RWD Ultimate
12K/36Month, SoCal.

And any rebate or incentives available?

Thank you.

.00017 and 56%. $3500 lease cash.

leasenewb

Hi

Thanks for quick reply.

Can you please check if this is a good deal or not?

MSRP : $50785
Gross Cap Cost : $45267
Cap Cost Reduction : $3778

Residual :56%
Money Factor : 0.00017

Net Cap Cost : $41,489

Rebate : $5000

Total Due At Signing : $5000

Actual Due At Signing : $0 (Offset by rebate)

Monthly payment : $374.36 Before Tax
Total Payment $404.31 after 8% Orange County, CA Tax

I think SA put the discount as rebate on top of $3500 lease cash so he can keep the net cap cost high.

I see people getting net cap cost at $39.5K - $40K range.

Should I ask SA to put $1500 as cap cost reduction?

Also, if I want to sell the car after lease contract or before contract, is this a good deal?

Can I also add $1000 Uber driver coupon on top?

kms34655

FYI...The $500 "certificates" or "coupons" mentioned in a few of the posts are real. I would suggest mentioning that you know that they exist and push for their use on your deal. I had one dealer tell me they don't exist (sales trick) but I used three on my deal and had to sign each certificate. Not sure how the dealer gets them...may be based on sales volume.

leasenewb

Can you please elaborate on the certificates?

poops

What are the money factor and residual for a 2016 Genesis with Ultimate Pkg and AWD in the Chicago area? Terms are 36 mos., 7.5k miles, & $0 down.

I was offered the following based on a MF of .00035:

MSRP - $53,285.00
Discount - $4,000.00
Rebate Total - $4,500.00
Lease Price - $44,785.00
Taxes - $4,144.62

ACQUISITION_FEE - $595.00
DOC_FEE - $169.27
ERT_FEE - $25.00
TITLE_FEE - $95.00
TRANSFER_FEE - $101.00
Down Payment - $0.00
Total Drive Off - $555.25

Monthly Pmt - $556

Any thoughts on value of this offer? It seems aggressive as an initial offer from the dealer. The vehicle will be registered in the city of Chicago which brings in a usage tax of 9% on top of the already included sales tax...

I'd love to get to under $500/month or at least as close to that as I can get. That will probably have to come from an additional discount on the selling price.

I appreciate constructive feedback...

kyfdx

leasenewb said:

Hi

Thanks for quick reply.

Can you please check if this is a good deal or not?

MSRP : $50785
Gross Cap Cost : $45267
Cap Cost Reduction : $3778

Residual :56%
Money Factor : 0.00017

Net Cap Cost : $41,489

Rebate : $5000

Total Due At Signing : $5000

Actual Due At Signing : $0 (Offset by rebate)

Monthly payment : $374.36 Before Tax
Total Payment $404.31 after 8% Orange County, CA Tax

I think SA put the discount as rebate on top of $3500 lease cash so he can keep the net cap cost high.

I see people getting net cap cost at $39.5K - $40K range.

Should I ask SA to put $1500 as cap cost reduction?

Also, if I want to sell the car after lease contract or before contract, is this a good deal?

Can I also add $1000 Uber driver coupon on top?

If you aren't happy with the selling price, then ask for a lower price.
The calculations are correct, as is.
No info on Uber coupons.

I wouldn't plan on trading/selling any Hyundai before the lease is up.

kyfdx

poops said:

What are the money factor and residual for a 2016 Genesis with Ultimate Pkg and AWD in the Chicago area? Terms are 36 mos., 7.5k miles, & $0 down.

I was offered the following based on a MF of .00035:

MSRP - $53,285.00
Discount - $4,000.00
Rebate Total - $4,500.00
Lease Price - $44,785.00
Taxes - $4,144.62

ACQUISITION_FEE - $595.00
DOC_FEE - $169.27
ERT_FEE - $25.00
TITLE_FEE - $95.00
TRANSFER_FEE - $101.00
Down Payment - $0.00
Total Drive Off - $555.25

Monthly Pmt - $556

Any thoughts on value of this offer? It seems aggressive as an initial offer from the dealer. The vehicle will be registered in the city of Chicago which brings in a usage tax of 9% on top of the already included sales tax...

I'd love to get to under $500/month or at least as close to that as I can get. That will probably have to come from an additional discount on the selling price.

I appreciate constructive feedback...

.00035 MF and 59% residual. $3500 lease cash.

Looks like a decent price, given the sales tax in your area.

leaseguy3

Do you have June numbers for the following 16 Genesis in Nevada?

1. MF and Residual for RWD ultimate 15/36
2. MF and Residual for RWD ultimate 12/36
3. June Lease cash offers

Also, do MF and residual change based on which state you are in, or are those numbers the same for all states?

Thank you guys

kyfdx

leaseguy3 said:

Do you have June numbers for the following 16 Genesis in Nevada?

1. MF and Residual for RWD ultimate 15/36
2. MF and Residual for RWD ultimate 12/36
3. June Lease cash offers

Also, do MF and residual change based on which state you are in, or are those numbers the same for all states?

Thank you guys

Is that the V-8 or 6-cylinder?

Most months, Hyundai numbers appear to be the same, nationwide.

leaseguy3

kyfdx said:

Do you have June numbers for the following 16 Genesis in Nevada?

1. MF and Residual for RWD ultimate 15/36
2. MF and Residual for RWD ultimate 12/36
3. June Lease cash offers

Also, do MF and residual change based on which state you are in, or are those numbers the same for all states?

Thank you guys

Is that the V-8 or 6-cylinder? Most months, Hyundai numbers appear to be the same, nationwide.

V6

Michaell

leaseguy3 said:

kyfdx said:

leaseguy3 said:

Do you have June numbers for the following 16 Genesis in Nevada?

1. MF and Residual for RWD ultimate 15/36
2. MF and Residual for RWD ultimate 12/36
3. June Lease cash offers

Also, do MF and residual change based on which state you are in, or are those numbers the same for all states?

Thank you guys

Is that the V-8 or 6-cylinder?

Most months, Hyundai numbers appear to be the same, nationwide.

V6

36/12 numbers are .00017 and 56%. $3500 lease cash.

Subtract 2% for 15K

Hyundai numbers are national.

poops

Michaell said:

leaseguy3 said:

kyfdx said:

leaseguy3 said:

Do you have June numbers for the following 16 Genesis in Nevada?

1. MF and Residual for RWD ultimate 15/36
2. MF and Residual for RWD ultimate 12/36
3. June Lease cash offers

Also, do MF and residual change based on which state you are in, or are those numbers the same for all states?

Thank you guys

Is that the V-8 or 6-cylinder?

Most months, Hyundai numbers appear to be the same, nationwide.

V6

36/12 numbers are .00017 and 56%. $3500 lease cash.

Subtract 2% for 15K

Hyundai numbers are national.

Has the money factor for the V6 AWD Genesis with 36/10 dropped to .00017 for June?

Michaell

poops said:

Michaell said:

leaseguy3 said:

kyfdx said:

leaseguy3 said:

Do you have June numbers for the following 16 Genesis in Nevada?

1. MF and Residual for RWD ultimate 15/36
2. MF and Residual for RWD ultimate 12/36
3. June Lease cash offers

Also, do MF and residual change based on which state you are in, or are those numbers the same for all states?

Thank you guys

Is that the V-8 or 6-cylinder?

Most months, Hyundai numbers appear to be the same, nationwide.

V6

36/12 numbers are .00017 and 56%. $3500 lease cash.

Subtract 2% for 15K

Hyundai numbers are national.

Has the money factor for the V6 AWD Genesis with 36/10 dropped to .00017 for June?

Yes.

esoterix

nrg2016 said:

Hello, wanting to close the deal on 2016 awd with signature package.  12k/yr, 36 months.  With $3000 down gets me $360/month including WA tax.  FYI this is a "demo" with 500 miles, not sure if I should bite??

Picked up my AWD with signature package 36/10 also in WA state a couple of weeks ago for 341/month and $1261 drive off. This was for a brand new, non demo. You should be able to do better for a demo unit.

Michaell

esoterix said:

Hello, wanting to close the deal on 2016 awd with signature package.  12k/yr, 36 months.  With $3000 down gets me $360/month including WA tax.  FYI this is a "demo" with 500 miles, not sure if I should bite??

Picked up my AWD with signature package 36/10 also in WA state a couple of weeks ago for 341/month and $1261 drive off. This was for a brand new, non demo. You should be able to do better for a demo unit.

Congrats! Nice deal. 

zman302

Hello,

I'm looking for the June numbers for a 2016 Genesis in NY:

1. MF and Residual for V6 All Wheel Drive ultimate 10k/36
2. MF and Residual for V6 All Wheel Drive ultimate 12k/36

Thanks!

Michaell

zman302 said:

Hello,

I'm looking for the June numbers for a 2016 Genesis in NY:

1. MF and Residual for V6 All Wheel Drive ultimate 10k/36
2. MF and Residual for V6 All Wheel Drive ultimate 12k/36

Thanks!

36/12 - .00035 and 57%. $3500 lease cash.

Add 1% for 10K

zman302

Michaell said:

zman302 said:

Hello,

I'm looking for the June numbers for a 2016 Genesis in NY:

1. MF and Residual for V6 All Wheel Drive ultimate 10k/36
2. MF and Residual for V6 All Wheel Drive ultimate 12k/36

Thanks!

36/12 - .00035 and 57%. $3500 lease cash.

Add 1% for 10K

Thanks for the information. I just wanted to confirm that the MF for a V6 all wheel drive did not drop down to .00017

Michaell

zman302 said:

Michaell said:

zman302 said:

Hello,

I'm looking for the June numbers for a 2016 Genesis in NY:

1. MF and Residual for V6 All Wheel Drive ultimate 10k/36
2. MF and Residual for V6 All Wheel Drive ultimate 12k/36

Thanks!

36/12 - .00035 and 57%. $3500 lease cash.

Add 1% for 10K

Thanks for the information. I just wanted to confirm that the MF for a V6 all wheel drive did not drop down to .00017

.00035 for AWD; .00017 for RWD

nj04qsgoat

Sorry a noob question.  I'm trying to understand the $3500 lease cash.  Is this additional incentive from dealer?  So if msrp is 53k and I negotiate to 47k and if I lease the dealer will put $3,500 as cap cost reduction ?

Thanks again!

kms34655

leasenewb said:

Can you please elaborate on the certificates?

I didn't get a chance to read or look over the certificate in detail. It may have been called a "coupon".

Each one is $500. Previous posts in this form mentioned the dealer may be getting these based on sales volume in the previous month. If you shop at a high volume dealer they may have these. I mentioned about the certificates while working a deal at another dealership. I was told "Coupons do not exist ! That is a sales pitch. " so when I was negotiating at another dealer on the car I finally bought, I didn't bring them up. I started doubting their existence. As I was cleaning out my old car after my purchase, the sales lady brought me the certificates to sign. I was crawling around in my old car when I signed them and didn't get a chance to really look them over in detail, but they're a $500 rebate from the manufacture to the dealer that is not advertised.

I got a good deal on my car. I knew the dealer invoice and hold back and I was way under on price, but I believe I left some "money on the table" not fully knowing about the existence of the certificates. If I could do it over, I would have pushed for an even lower price.

Michaell

nj04qsgoat said:

Sorry a noob question.  I'm trying to understand the $3500 lease cash.  Is this additional incentive from dealer?  So if msrp is 53k and I negotiate to 47k and if I lease the dealer will put $3,500 as cap cost reduction ?

Thanks again!

Please cash is a factory to dealer incentives. Use it to negotiate your best price. Rest assured, any offer from the dealer will probably already include it.

shimimarom

Just closed on an AWD Genesis 3.8 Ultimate  in Chicago area. Here are the details:
MSRP: 53,470.00
Risidual: 30,477.90
Net cap cost: 43,174.75
Miles: 12,000
Months: 36
Money down: first month payment $380
Monthly payment: $380 including tax. 

aygriffith

Can I get the June 15k/36mo numbers for Genesis Tech AWD in Louisiana and/or Alabama?

kumaradi

Can I get the June 10k/36 month numbers for Genesis Ultimate in Arizona?