2016 Hyundai Genesis Lease Questions

Michaell

10sguru said:

Went to a dealer yesterday to get lease numbers on a 2016 Genesis 3.8L AWD with Ultimate Package. Parisian Gray and Ivory/Ivory interior. Loaded except for mud flaps.

MSRP: $53,285
Dealer sale price: $49,986
Lease Cash: $3,500
Competitive buyer: $1,000
Selling price: $45,486
Money Factor: .00067
Residual Value: 57% (36 months/12K)
Offer: $550/mo (Includes acquisition fee, tag/title/registration, doc fee & sales tax)
Drive off: $800 - First month's payment and cap reduction tax (tax on rebates)

After pouring through all the posts in this forum I have determined that this offer is a bit on the high side but in the salesman's defense he did say these were general numbers as they were just giving me a "ball park" figure and the actual numbers would be based on the credit report results. As a reult I have reached a few conclusions after reading the posts in this forum.

1. A FICO score of 725 or better should qualify me for the HMFC minimum MF. My most recent credit score number (6/28) according to my LifeLock account is Equifax at 719. I have two older scores (5/28) of 691 & 741 from Experian and TansUnion respectively. My historical score from Equifax going back to July of last year shows a high of 733 to the current 719 due to a couple of recent credit pulls over the last 2 months at Best Buy and a local furniture store.

2. It appears that the typical MF being offered for AWD Ultimates is .00035 and I seem to remember a post saying this is the lowest although I have seen lower factors posted for other trim packages.

In summary it seems that I am knocking on the door of being able to qualify for Hyundai’s minimum MF so I have a few questions. One, is the .00035 MF the lowest factor offered by Hyundai for a 2016 Genesis 3.8L AWD with Ultimate Package or is a lower MF available in Tennessee, depending on credit rating. Second, assuming my credit report would qualify me for a lower MF such as the .00035 shouldn’t this give me some negotiating power to get the monthly payment lowered. Third, if I can get the MF lowered does this seem to be a good deal? The selling price of $45,486 does reflect a 14.6% mark down from MSRP however when I run the Lease Hacker calculator based on the parameters at the top of my post which shows the higher MF of .00067 the monthly payment including tax comes out to $521 which is $29 lower than the quoted $550. At any rate I would be extremely appreciative if some of the lease experts on this forum would take a look at these numbers and let me know what you think. Thanks in advance for any advice. This is an awesome forum ;-)

Jim
Bristol, Tn.

The 36/12 numbers for the Genesis AWD are .00027 and 56%, with $3750 lease cash. You may be looking at some old information.

These numbers are national and are not dependent on packages or options, and require a 700+ credit score to qualify. I don't know what bureau HFS uses to determine the score.

The dealer can mark up the MF by as much as .00040 for extra profit - gee, that looks awful familiar, doesn't it?

You also have to account for the bank fee of $595, and a dealer fee (if any), in your calculations. Either pay it up front or add it into the selling price.

Get the dealer to give you the adjusted cap cost (selling price plus any taxes and fees you aren't paying up front) and we can calculate a payment.

Yes, that is a nice discount from sticker. Genesis' are leasing well at the moment.

10sguru

Michaell, thanks so much for your input. After letting your comments sink in it does seem that the dealer's offer is in line with the Lease Hackr calculation of $521/mo if I subtract it from the higher dealer quoted $550/mo which leaves $29/mo. If I then multiply that difference by 36 the resulting $1,044 seems to be a reasonable amount for bank fees, tag/title/registration and dealer fees (acquisition & doc). Both the Lease Hackr calculation of $519/mo and the dealer quoted $550/mo includes $34/mo for Tennessee sales tax so that is apples to apples. Bottom line I am pretty satisfied with the derivation of the dealer's numbers except for asking about their using $3,500 for the lease cash rather than the $3,750 that you provided and of course their mark up resulting from using a .00067 MF rather than the .00027 as you indicated but again since they hadn't pulled my credit score which will be over the 700+ threshold to qualify for the .00027 MF I don't anticipate any issues with that but if they resist I can always play my trump card by asking the salesman and sales manager wouldn't you prefer to work this out between the three of us rather than having me talk to Mitch (the owner of the dealership) as I have a personal relationship with him ;-) Again thanks for your help and I will report back after discussing these two items with the salesman tomorrow. Cheers

Jim

Michaell

10sguru said:

Michaell, thanks so much for your input. After letting your comments sink in it does seem that the dealer's offer is in line with the Lease Hackr calculation of $521/mo if I subtract it from the higher dealer quoted $550/mo which leaves $29/mo. If I then multiply that difference by 36 the resulting $1,044 seems to be a reasonable amount for bank fees, tag/title/registration and dealer fees (acquisition & doc). Both the Lease Hackr calculation of $519/mo and the dealer quoted $550/mo includes $34/mo for Tennessee sales tax so that is apples to apples. Bottom line I am pretty satisfied with the derivation of the dealer's numbers except for asking about their using $3,500 for the lease cash rather than the $3,750 that you provided and of course their mark up resulting from using a .00067 MF rather than the .00027 as you indicated but again since they hadn't pulled my credit score which will be over the 700+ threshold to qualify for the .00027 MF I don't anticipate any issues with that but if they resist I can always play my trump card by asking the salesman and sales manager wouldn't you prefer to work this out between the three of us rather than having me talk to Mitch (the owner of the dealership) as I have a personal relationship with him ;-) Again thanks for your help and I will report back after discussing these two items with the salesman tomorrow. Cheers

Jim

Always nice to have a relationship with the dealer principal in your back pocket during negotiations.

Unlikely that there will be much deception from the salesman and manager.

scatts

Hi all,
Does anyone have any info on when the new G80s are supposed to be available? Any word on pricing compared to 2016 models?

Steve

Michaell

scatts said:

Hi all,
Does anyone have any info on when the new G80s are supposed to be available? Any word on pricing compared to 2016 models?

Steve

No information yet.

vishnus

Can I please get the MF and RV for 2016 Genesis Sedan (RWD and also AWD) 24Mo/12k in Indiana and Michigan? Also, what are the known incentives / lease cash? Thanks, Vishnu

tywebb1973

Can you provide the MF and residual for a 2016 AWD Genesis for 36 and 39 months, 10,000 miles per year?

And can you combine the conquest $1000 with the bonus lease cash of $3750 (36 months) and $4250 (39 months)?

rossdm

Looking for MF, residual and incentives for a 2016 RWD Genesis in Florida, 36/15K. Does Hyundai offer a 42/15K?

Thaks!

kyfdx

vishnus said:

Can I please get the MF and RV for 2016 Genesis Sedan (RWD and also AWD) 24Mo/12k in Indiana and Michigan? Also, what are the known incentives / lease cash? Thanks, Vishnu

No 24 month leases for the 2016 Genesis.

kyfdx

tywebb1973 said:

Can you provide the MF and residual for a 2016 AWD Genesis for 36 and 39 months, 10,000 miles per year?

And can you combine the conquest $1000 with the bonus lease cash of $3750 (36 months) and $4250 (39 months)?

.00027 MF and 57% residual
.00120 MF and 53% residual

No idea on how the incentives might stack.

kyfdx

rossdm said:

Looking for MF, residual and incentives for a 2016 RWD Genesis in Florida, 36/15K. Does Hyundai offer a 42/15K?

Thaks!

36/15: .00010 MF and 53% residual. $3750 lease cash
42/15: .00120 MF and 48% residual. $4250 lease cash

mpurrdycat

From Pa......Here Is My Quote, Seem A Bit High, Thoughts Please?

Total Selling Price 49,500.00
Acquisition Fee 595.00
Fees & Insurance 0.00
- Cap Reduction (Cash) 0.00
- Trade In 0.00
- Customer Rebate 4,750.00 (Lease 3750 Valued owner or Conquest 1000)
Total Capital Reduction -4,750.00
Capital Cost 45,345.00
Capped Taxes 0.00
Total Capital Cost: 45,345.00

Payment Details

Term 36

Base Payment 466.02

Total Payment 517.28

Purchase Option 30,395.25

MSRP 53,325.00

Est. Miles Per Year 10,000

TExcess Mileage Charge 0.20

Amount Due at Signing

1st Month Payment 517.28

Fees & Insurance 266.55

Upfront Taxes 5.00

Total Inception Fees 788.83

Rebate as Cap Reduction 4,750.00

Total Cash Required on Delivery 788.83

Thanks

awd2003

Can I get MF, RV and lease cash for 2016 Genesis Ultimate? I would like 39/10K and 36/10.
Thank you.

kyfdx

mpurrdycat said:

From Pa......Here Is My Quote, Seem A Bit High, Thoughts Please?

Total Selling Price 49,500.00
Acquisition Fee 595.00
Fees & Insurance 0.00
- Cap Reduction (Cash) 0.00
- Trade In 0.00
- Customer Rebate 4,750.00 (Lease 3750 Valued owner or Conquest 1000)
Total Capital Reduction -4,750.00
Capital Cost 45,345.00
Capped Taxes 0.00
Total Capital Cost: 45,345.00

Payment Details

Term 36

Base Payment 466.02

Total Payment 517.28

Purchase Option 30,395.25

MSRP 53,325.00

Est. Miles Per Year 10,000

TExcess Mileage Charge 0.20

Amount Due at Signing

1st Month Payment 517.28

Fees & Insurance 266.55

Upfront Taxes 5.00

Total Inception Fees 788.83

Rebate as Cap Reduction 4,750.00

Total Cash Required on Delivery 788.83

Thanks

Which Genesis model is this?

kyfdx

awd2003 said:

Can I get MF, RV and lease cash for 2016 Genesis Ultimate? I would like 39/10K and 36/10.
Thank you.

Is that RWD or AWD?

mpurrdycat

kyfdx said:

mpurrdycat said:

From Pa......Here Is My Quote, Seem A Bit High, Thoughts Please?

Total Selling Price 49,500.00
Acquisition Fee 595.00
Fees & Insurance 0.00
- Cap Reduction (Cash) 0.00
- Trade In 0.00
- Customer Rebate 4,750.00 (Lease 3750 Valued owner or Conquest 1000)
Total Capital Reduction -4,750.00
Capital Cost 45,345.00
Capped Taxes 0.00
Total Capital Cost: 45,345.00

Payment Details

Term 36

Base Payment 466.02

Total Payment 517.28

Purchase Option 30,395.25

MSRP 53,325.00

Est. Miles Per Year 10,000

TExcess Mileage Charge 0.20

Amount Due at Signing

1st Month Payment 517.28

Fees & Insurance 266.55

Upfront Taxes 5.00

Total Inception Fees 788.83

Rebate as Cap Reduction 4,750.00

Total Cash Required on Delivery 788.83

Thanks

Which Genesis model is this?

2016 3.8 AWD Ultimate

awd2003

I'm looking to lease 3.8 w/ AWD Ultimate

leaseguy3

Can I please get July MF, Residuals and Lease cash for a 2016 RWD Genesis in NEVADA:

36/12
36/15

kyfdx

mpurrdycat said:

kyfdx said:

mpurrdycat said:

From Pa......Here Is My Quote, Seem A Bit High, Thoughts Please?

Total Selling Price 49,500.00
Acquisition Fee 595.00
Fees & Insurance 0.00
- Cap Reduction (Cash) 0.00
- Trade In 0.00
- Customer Rebate 4,750.00 (Lease 3750 Valued owner or Conquest 1000)
Total Capital Reduction -4,750.00
Capital Cost 45,345.00
Capped Taxes 0.00
Total Capital Cost: 45,345.00

Payment Details

Term 36

Base Payment 466.02

Total Payment 517.28

Purchase Option 30,395.25

MSRP 53,325.00

Est. Miles Per Year 10,000

TExcess Mileage Charge 0.20

Amount Due at Signing

1st Month Payment 517.28

Fees & Insurance 266.55

Upfront Taxes 5.00

Total Inception Fees 788.83

Rebate as Cap Reduction 4,750.00

Total Cash Required on Delivery 788.83

Thanks

Which Genesis model is this?

2016 3.8 AWD Ultimate

.00027 MF and 57% residual. $3750 lease cash.

I get $436/mo. before tax, but I don't see any allowance for the acquisition fee in there. I wonder if you have an adjusted CAP cost, that isn't shown?

kyfdx

awd2003 said:

Can I get MF, RV and lease cash for 2016 Genesis Ultimate? I would like 39/10K and 36/10.
Thank you.

awd2003 said:

I'm looking to lease 3.8 w/ AWD Ultimate

.00027 MF and 57% residual. $3750 lease cash
.00120 MF and 53% residual. $4250 lease cash

Stick with 36 months.

kyfdx

leaseguy3 said:

Can I please get July MF, Residuals and Lease cash for a 2016 RWD Genesis in NEVADA:

36/12
36/15

.00010 MF and 55%/53% residual. $3750 lease cash

mpurrdycat

kyfdx said:

mpurrdycat said:

kyfdx said:

mpurrdycat said:

From Pa......Here Is My Quote, Seem A Bit High, Thoughts Please?

Total Selling Price 49,500.00
Acquisition Fee 595.00
Fees & Insurance 0.00
- Cap Reduction (Cash) 0.00
- Trade In 0.00
- Customer Rebate 4,750.00 (Lease 3750 Valued owner or Conquest 1000)
Total Capital Reduction -4,750.00
Capital Cost 45,345.00
Capped Taxes 0.00
Total Capital Cost: 45,345.00

Payment Details

Term 36

Base Payment 466.02

Total Payment 517.28

Purchase Option 30,395.25

MSRP 53,325.00

Est. Miles Per Year 10,000

TExcess Mileage Charge 0.20

Amount Due at Signing

1st Month Payment 517.28

Fees & Insurance 266.55

Upfront Taxes 5.00

Total Inception Fees 788.83

Rebate as Cap Reduction 4,750.00

Total Cash Required on Delivery 788.83

Thanks

Which Genesis model is this?

2016 3.8 AWD Ultimate

.00027 MF and 57% residual. $3750 lease cash.

I get $436/mo. before tax, but I don't see any allowance for the acquisition fee in there. I wonder if you have an adjusted CAP cost, that isn't shown?

Latest Response When I Asked To Lower Purchase Price But They Are Not Budging, Is 49,500 A Fair Price?

Your lease Price 49500
Dealer Invoice from Hyundai 50023

With your lease rebates you are at 44750
Sounds Like now is the right time to Lease.
Money Factor on the lease is 0.65%

leaseguy3

mpurrdycat said:

kyfdx said:

mpurrdycat said:

kyfdx said:

mpurrdycat said:

From Pa......Here Is My Quote, Seem A Bit High, Thoughts Please?

Total Selling Price 49,500.00
Acquisition Fee 595.00
Fees & Insurance 0.00
- Cap Reduction (Cash) 0.00
- Trade In 0.00
- Customer Rebate 4,750.00 (Lease 3750 Valued owner or Conquest 1000)
Total Capital Reduction -4,750.00
Capital Cost 45,345.00
Capped Taxes 0.00
Total Capital Cost: 45,345.00

Payment Details

Term 36

Base Payment 466.02

Total Payment 517.28

Purchase Option 30,395.25

MSRP 53,325.00

Est. Miles Per Year 10,000

TExcess Mileage Charge 0.20

Amount Due at Signing

1st Month Payment 517.28

Fees & Insurance 266.55

Upfront Taxes 5.00

Total Inception Fees 788.83

Rebate as Cap Reduction 4,750.00

Total Cash Required on Delivery 788.83

Thanks

Which Genesis model is this?

2016 3.8 AWD Ultimate

.00027 MF and 57% residual. $3750 lease cash.

I get $436/mo. before tax, but I don't see any allowance for the acquisition fee in there. I wonder if you have an adjusted CAP cost, that isn't shown?

Latest Response When I Asked To Lower Purchase Price But They Are Not Budging, Is 49,500 A Fair Price?

Your lease Price 49500
Dealer Invoice from Hyundai 50023

With your lease rebates you are at 44750
Sounds Like now is the right time to Lease.
Money Factor on the lease is 0.65%

Do give you an idea I just bought a 16' RWD with an msrp of 50815, selling price was 46185, net cap was 40k. So no, I wouldn't say thats a good deal.

leaseguy3

kyfdx said:

leaseguy3 said:

Can I please get July MF, Residuals and Lease cash for a 2016 RWD Genesis in NEVADA:

36/12
36/15

.00010 MF and 55%/53% residual. $3750 lease cash

Thank you!

phdhusky

MF and Residual for CT 36/15k AWD please.

Michaell

phdhusky said:

MF and Residual for CT 36/15k AWD please.

.00027 and 54%. $3750 lease cash.

mpurrdycat

leaseguy3 said:

mpurrdycat said:

kyfdx said:

mpurrdycat said:

kyfdx said:

mpurrdycat said:

From Pa......Here Is My Quote, Seem A Bit High, Thoughts Please?

Total Selling Price 49,500.00
Acquisition Fee 595.00
Fees & Insurance 0.00
- Cap Reduction (Cash) 0.00
- Trade In 0.00
- Customer Rebate 4,750.00 (Lease 3750 Valued owner or Conquest 1000)
Total Capital Reduction -4,750.00
Capital Cost 45,345.00
Capped Taxes 0.00
Total Capital Cost: 45,345.00

Payment Details

Term 36

Base Payment 466.02

Total Payment 517.28

Purchase Option 30,395.25

MSRP 53,325.00

Est. Miles Per Year 10,000

TExcess Mileage Charge 0.20

Amount Due at Signing

1st Month Payment 517.28

Fees & Insurance 266.55

Upfront Taxes 5.00

Total Inception Fees 788.83

Rebate as Cap Reduction 4,750.00

Total Cash Required on Delivery 788.83

Thanks

Which Genesis model is this?

2016 3.8 AWD Ultimate

.00027 MF and 57% residual. $3750 lease cash.

I get $436/mo. before tax, but I don't see any allowance for the acquisition fee in there. I wonder if you have an adjusted CAP cost, that isn't shown?

Latest Response When I Asked To Lower Purchase Price But They Are Not Budging, Is 49,500 A Fair Price?

Your lease Price 49500
Dealer Invoice from Hyundai 50023

With your lease rebates you are at 44750
Sounds Like now is the right time to Lease.
Money Factor on the lease is 0.65%

Do give you an idea I just bought a 16' RWD with an msrp of 50815, selling price was 46185, net cap was 40k. So no, I wouldn't say thats a good deal.

I Guess But Isn't My Discount Off MSRP And Cap Cost Close To Yours? Thanks

phdhusky

Potential Deal, my numbers don't match up to their however.

2016 3.8 AWD Ultimate 36/15k Nothing Down, paying fees up front.

MSRP:53285
Selling Price: 49500
Adjusted Cap after rebates: 42375
MF: .00027
Residual: %54

I get a number around 418 but they are around 450.

They kept telling me it was because of the rebate structure?

Michaell

phdhusky said:

Potential Deal, my numbers don't match up to their however.

2016 3.8 AWD Ultimate 36/15k Nothing Down, paying fees up front.

MSRP:53285
Selling Price: 49500
Adjusted Cap after rebates: 42375
MF: .00027
Residual: %54

I get a number around 418 but they are around 450.

They kept telling me it was because of the rebate structure?

I get $397/mo plus tax with those numbers.

Confirm the adjusted cap number; that's really the only variable in the calculations.

It's also possible that some of the rebate monies are being used to cover the up front fees ...

jimmmmbo

2016 3.8 AWD Sig 36/12 and 36/15 lease cash, residual and MF in Twin Cities MN please? Thank you! Also, is there info on mileage overage cost/mi for 36/12?

kyfdx

jimmmmbo said:

2016 3.8 AWD Sig 36/12 and 36/15 lease cash, residual and MF in Twin Cities MN please? Thank you! Also, is there info on mileage overage cost/mi for 36/12?

.00027 MF and 56%/54% residual. $3750 lease cash

I don't have information on Hyundai's over mileage charges.

Michaell

kyfdx said:

jimmmmbo said:

2016 3.8 AWD Sig 36/12 and 36/15 lease cash, residual and MF in Twin Cities MN please? Thank you! Also, is there info on mileage overage cost/mi for 36/12?

.00027 MF and 56%/54% residual. $3750 lease cash

I don't have information on Hyundai's over mileage charges.

If you go over the allotted miles, it's .20 per mile.

(ask me how I know this...)

mpurrdycat

Do Inbox Messages Work On Here? I Sent A Few....Thanks

kyfdx

mpurrdycat said:

Do Inbox Messages Work On Here? I Sent A Few....Thanks

Yes... but, lease questions should be posted here in the forums, for quicker response and to share information with all members.

nyccarguy

Michaell said:

phdhusky said:

Potential Deal, my numbers don't match up to their however.

2016 3.8 AWD Ultimate 36/15k Nothing Down, paying fees up front.

MSRP:53285
Selling Price: 49500
Adjusted Cap after rebates: 42375
MF: .00027
Residual: %54

I get a number around 418 but they are around 450.

They kept telling me it was because of the rebate structure?

I get $397/mo plus tax with those numbers.

Confirm the adjusted cap number; that's really the only variable in the calculations.

It's also possible that some of the rebate monies are being used to cover the up front fees ...

$397 plus tax is a crazy cheap lease price for a $53K MSRP car. Just remember that you'll be paying car taxes to your municipality (I live in Stamford) on a $50K vehicle.

mpurrdycat

kyfdx said:

mpurrdycat said:

Do Inbox Messages Work On Here? I Sent A Few....Thanks

Yes... but, lease questions should be posted here in the forums, for quicker response and to share information with all members.

Ok, Sorry, Just Wanted To Get A Final Number Before I Go To Dealer

Pennsylvania

MSRP 53325 .... 2016 AWD Ultimate
Online Price 50203
Your lease Price 49500
Dealer Invoice from Hyundai 50023
Purchase Option 30,395.25


With your lease rebates you are at 44750

Money Factor on the lease is 0.65%

788 Due At Signing

When You Have Time, Can You Run The Numbers For Me, I Come Up With Anywhere Between 400 And 410 Before Taxes, I Must Be Doing Something Wrong

Thank You For Your Time

Michaell

mpurrdycat said:

kyfdx said:

mpurrdycat said:

Do Inbox Messages Work On Here? I Sent A Few....Thanks

Yes... but, lease questions should be posted here in the forums, for quicker response and to share information with all members.

Ok, Sorry, Just Wanted To Get A Final Number Before I Go To Dealer

Pennsylvania

MSRP 53325 .... 2016 AWD Ultimate
Online Price 50203
Your lease Price 49500
Dealer Invoice from Hyundai 50023
Purchase Option 30,395.25


With your lease rebates you are at 44750

Money Factor on the lease is 0.65%

788 Due At Signing

When You Have Time, Can You Run The Numbers For Me, I Come Up With Anywhere Between 400 And 410 Before Taxes, I Must Be Doing Something Wrong

Thank You For Your Time

What lease term and how many miles per year?

mpurrdycat

Michaell said:

mpurrdycat said:

kyfdx said:

mpurrdycat said:

Do Inbox Messages Work On Here? I Sent A Few....Thanks

Yes... but, lease questions should be posted here in the forums, for quicker response and to share information with all members.

Ok, Sorry, Just Wanted To Get A Final Number Before I Go To Dealer

Pennsylvania

MSRP 53325 .... 2016 AWD Ultimate
Online Price 50203
Your lease Price 49500
Dealer Invoice from Hyundai 50023
Purchase Option 30,395.25


With your lease rebates you are at 44750

Money Factor on the lease is 0.65%

788 Due At Signing

When You Have Time, Can You Run The Numbers For Me, I Come Up With Anywhere Between 400 And 410 Before Taxes, I Must Be Doing Something Wrong

Thank You For Your Time

What lease term and how many miles per year?

36/10,000

Michaell

mpurrdycat said:

Michaell said:

mpurrdycat said:

kyfdx said:

mpurrdycat said:

Do Inbox Messages Work On Here? I Sent A Few....Thanks

Yes... but, lease questions should be posted here in the forums, for quicker response and to share information with all members.

Ok, Sorry, Just Wanted To Get A Final Number Before I Go To Dealer

Pennsylvania

MSRP 53325 .... 2016 AWD Ultimate
Online Price 50203
Your lease Price 49500
Dealer Invoice from Hyundai 50023
Purchase Option 30,395.25


With your lease rebates you are at 44750

Money Factor on the lease is 0.65%

788 Due At Signing

When You Have Time, Can You Run The Numbers For Me, I Come Up With Anywhere Between 400 And 410 Before Taxes, I Must Be Doing Something Wrong

Thank You For Your Time

What lease term and how many miles per year?

36/10,000

.00027 and 57%. Using your MSRP and net price, I get a payment of $419/mo plus tax.

mpurrdycat

Michaell said:

mpurrdycat said:

Michaell said:

mpurrdycat said:

kyfdx said:

mpurrdycat said:

Do Inbox Messages Work On Here? I Sent A Few....Thanks

Yes... but, lease questions should be posted here in the forums, for quicker response and to share information with all members.

Ok, Sorry, Just Wanted To Get A Final Number Before I Go To Dealer

Pennsylvania

MSRP 53325 .... 2016 AWD Ultimate
Online Price 50203
Your lease Price 49500
Dealer Invoice from Hyundai 50023
Purchase Option 30,395.25


With your lease rebates you are at 44750

Money Factor on the lease is 0.65%

788 Due At Signing

When You Have Time, Can You Run The Numbers For Me, I Come Up With Anywhere Between 400 And 410 Before Taxes, I Must Be Doing Something Wrong

Thank You For Your Time

What lease term and how many miles per year?

36/10,000

.00027 and 57%. Using your MSRP and net price, I get a payment of $419/mo plus tax.

Thank You

phdhusky

Thanks to everyone on this forum especially @kyfdx and @Michaell

I'm happy with my purchase even though I probably didn't get every cent out of them. This car far exceeds my expectations and is better than any entry level compact luxury sedan in the same price range. Here are the numbers for confirmation I didn't screw up my first lease.

3.8 AWD Signature + Tech
36 months / 15K (purchased an extra 3k total for .15 a mile)

MSRP: 49845
Selling Price: 45500
Residual: 54%
MF: .00027
Rebates: 6750 (3750 lease cash + 1000 competitive + 2000 coupons) taxed at 6.35%
Cap Cost (rolled in fees below): 41041

Acquisition: 595
DMV: 185
Doc: 599
Prep: 93.75
Taxes: 1328.44

Rolled all of my fees into my monthly because of the low interest, monthly payment with taxes (6.35%) is $435. Got them to give me another $99 in cash to pay for the blue link remote start for a full year.

How'd I do?

Michaell

phdhusky said:

Thanks to everyone on this forum especially @kyfdx and @Michaell

I'm happy with my purchase even though I probably didn't get every cent out of them. This car far exceeds my expectations and is better than any entry level compact luxury sedan in the same price range. Here are the numbers for confirmation I didn't screw up my first lease.

3.8 AWD Signature + Tech
36 months / 15K (purchased an extra 3k total for .15 a mile)

MSRP: 49845
Selling Price: 45500
Residual: 54%
MF: .00027
Rebates: 6750 (3750 lease cash + 1000 competitive + 2000 coupons) taxed at 6.35%
Cap Cost (rolled in fees below): 41041

Acquisition: 595
DMV: 185
Doc: 599
Prep: 93.75
Taxes: 1328.44

Rolled all of my fees into my monthly because of the low interest, monthly payment with taxes (6.35%) is $435. Got them to give me another $99 in cash to pay for the blue link remote start for a full year.

How'd I do?

You did fine.

I'd contest that the Genesis is "compact" - if I'm not mistaken, it's the size of a 5-series or E-class.

Still, a lot of car for the money. Go enjoy!

nyccarguy

phdhusky said:

Thanks to everyone on this forum especially @kyfdx and @Michaell

I'm happy with my purchase even though I probably didn't get every cent out of them. This car far exceeds my expectations and is better than any entry level compact luxury sedan in the same price range. Here are the numbers for confirmation I didn't screw up my first lease.

3.8 AWD Signature + Tech
36 months / 15K (purchased an extra 3k total for .15 a mile)

MSRP: 49845
Selling Price: 45500
Residual: 54%
MF: .00027
Rebates: 6750 (3750 lease cash + 1000 competitive + 2000 coupons) taxed at 6.35%
Cap Cost (rolled in fees below): 41041

Acquisition: 595
DMV: 185
Doc: 599
Prep: 93.75
Taxes: 1328.44

Rolled all of my fees into my monthly because of the low interest, monthly payment with taxes (6.35%) is $435. Got them to give me another $99 in cash to pay for the blue link remote start for a full year.

How'd I do?

For conparative purposes, you are paying about $30 per month more than the (72 month) payment on my 2015 Legacy with a 175 hp engine, cloth seats, & no sunroof. Good job!

phdhusky

Michaell said:

phdhusky said:

Thanks to everyone on this forum especially @kyfdx and @Michaell

I'm happy with my purchase even though I probably didn't get every cent out of them. This car far exceeds my expectations and is better than any entry level compact luxury sedan in the same price range. Here are the numbers for confirmation I didn't screw up my first lease.

3.8 AWD Signature + Tech
36 months / 15K (purchased an extra 3k total for .15 a mile)

MSRP: 49845
Selling Price: 45500
Residual: 54%
MF: .00027
Rebates: 6750 (3750 lease cash + 1000 competitive + 2000 coupons) taxed at 6.35%
Cap Cost (rolled in fees below): 41041

Acquisition: 595
DMV: 185
Doc: 599
Prep: 93.75
Taxes: 1328.44

Rolled all of my fees into my monthly because of the low interest, monthly payment with taxes (6.35%) is $435. Got them to give me another $99 in cash to pay for the blue link remote start for a full year.

How'd I do?

You did fine.

I'd contest that the Genesis is "compact" - if I'm not mistaken, it's the size of a 5-series or E-class.

Still, a lot of car for the money. Go enjoy!

Oh, I mean I was looking at 3-series and C300 which would have been the same price. I definitely got a bigger vehicle class for the same money

tywebb1973

Any idea when Hyundai might roll out their numbers for August? Seems some of the dealers around me still have quite a few 2016s on the lot and the 2017 G80s are supposed to hit showrooms this fall. Our lease on our Infiniti is up in September and the current Infiniti deals are awful so I might jump ship to the Genesis.

Thanks.

Michaell

tywebb1973 said:

Any idea when Hyundai might roll out their numbers for August? Seems some of the dealers around me still have quite a few 2016s on the lot and the 2017 G80s are supposed to hit showrooms this fall. Our lease on our Infiniti is up in September and the current Infiniti deals are awful so I might jump ship to the Genesis.

Thanks.

August numbers are in.

What trim, term and miles are you looking for?

flight13

Could I please get the residual/money factor/rebates for a 2016 Genesis 3.8 RWD Tech package for 3 years/15k miles for Los Angeles?
Thank you!

Michaell

flight13 said:

Could I please get the residual/money factor/rebates for a 2016 Genesis 3.8 RWD Tech package for 3 years/15k miles for Los Angeles?
Thank you!

.00010 and 53%. $3750 lease cash.

jimmmmbo

Michaell said:

kyfdx said:

jimmmmbo said:

2016 3.8 AWD Sig 36/12 and 36/15 lease cash, residual and MF in Twin Cities MN please? Thank you! Also, is there info on mileage overage cost/mi for 36/12?

.00027 MF and 56%/54% residual. $3750 lease cash

I don't have information on Hyundai's over mileage charges.

If you go over the allotted miles, it's .20 per mile.

(ask me how I know this...)

OK, I'll bite. How do you know this?

By the way, I couldn't close a deal in July so decided to wait for August numbers. Any idea when you might get those for my previous request?

Michaell

jimmmmbo said:

Michaell said:

kyfdx said:

jimmmmbo said:

2016 3.8 AWD Sig 36/12 and 36/15 lease cash, residual and MF in Twin Cities MN please? Thank you! Also, is there info on mileage overage cost/mi for 36/12?

.00027 MF and 56%/54% residual. $3750 lease cash

I don't have information on Hyundai's over mileage charges.

If you go over the allotted miles, it's .20 per mile.

(ask me how I know this...)

OK, I'll bite. How do you know this?

By the way, I couldn't close a deal in July so decided to wait for August numbers. Any idea when you might get those for my previous request?

Because I am 33 months into a 36 month lease and am currently over my allotted mileage by 3000. Trying to use my wife's car as much as possible to minimize the damage.

August numbers on AWD - .00027 and 56% for 36/12. Subtract 2% for 15K. $3750 lease cash.

Hmmm, apparently there is no change from last month.