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2018 Genesis G80 Leasing cost

rana2018rana2018 Member Posts: 5
edited February 2018 in Hyundai
All have been recently shopping around to lease a 2018 G80 (premium pkg) AWD and wanted to find what I should be expecting to pay. I walked into a dealership the other day and they told me $629 month with $3500 at signing to cover tax and other fees doc fees. To me this deal doesn't sound right at all unless I'm missing something.

2018 G80 AWD (Premium Pkg) 3.8L
10K/36 months
State: NJ

I would appreciate any feedback as this is the first time leasing. In the past I have always bought which is easier to negotiate.

Thanks.

Answers

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    kyfdxkyfdx Moderator Posts: 241,469
    rana2018 said:

    All have been recently shopping around to lease a 2018 G80 (premium pkg) AWD and wanted to find what I should be expecting to pay. I walked into a dealership the other day and they told me $629 month with $3500 at signing to cover tax and other fees doc fees. To me this deal doesn't sound right at all unless I'm missing something.

    2018 G80 AWD (Premium Pkg) 3.8L
    10K/36 months
    State: NJ

    I would appreciate any feedback as this is the first time leasing. In the past I have always bought which is easier to negotiate.

    Thanks.

    When you get a lease quote, ask for all of the numbers that go into it.
    MSRP
    Selling price
    Adjusted CAP cost
    money factor
    residual

    That way, you'll know what you can, and can't negotiate.

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

    Edmunds Moderator

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    rana2018rana2018 Member Posts: 5
    Thanks for the information. I plan to go this week to another dealership and will respond back with the new numbers. 
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    rana2018rana2018 Member Posts: 5
    So just went to a dealer in NJ for leasing a 2018 G80 AWD with premium pkg.

    selling price: 49150.00
    MF = .00036
    CAP Cost = 1400
    residual = 28277.00

    Lease payment $579.00
    out of pocket upfront $3860 (includes sales tax,acquisition fee, license, cap cost)

    terms 12k /36 months

    Is this a good deal or not?  Appreciate the feedback.

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    tropo_1958tropo_1958 Member Posts: 2
    Selling price looks very good. The residual is a little low as it should be at the 55% range (54 - 56). Also, the cap cost is a little high.

    Calculating the car sale with the following values: MSRP : $55,610.00, Residual %: 55%, Sale price: $49,150.00 Additional fees: $350.00, money factor: 0.00036, should bring your pre tax monthly payment to around $510 to $520 a month. This does include first month payment and security fee and acquisition fee. I hope this helps.
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    MichaellMichaell Moderator Posts: 244,185
    edited February 2018
    rana2018 said:

    So just went to a dealer in NJ for leasing a 2018 G80 AWD with premium pkg.

    selling price: 49150.00
    MF = .00036
    CAP Cost = 1400
    residual = 28277.00

    Lease payment $579.00
    out of pocket upfront $3860 (includes sales tax,acquisition fee, license, cap cost)

    terms 12k /36 months

    Is this a good deal or not?  Appreciate the feedback.

    What is the selling price?

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    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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    rana2018rana2018 Member Posts: 5
    MSRP = $50,550
    Selling Price= 49150
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    MichaellMichaell Moderator Posts: 244,185
    edited February 2018
    rana2018 said:

    MSRP = $50,550
    Selling Price= 49150

    Yes, that is a good deal, though you aren't getting a very big discount from sticker. Use the "Research" tab at the top of the page to see what your target price should be.

    We'd suggest you roll your taxes and fees into the payment, and limit your out of pocket to just the first payment and registration costs.

    Edmunds Price Checker
    Edmunds Lease Calculator
    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

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    rana2018rana2018 Member Posts: 5
    Yes I agree.  They are not taking much off the sticker price. 
This discussion has been closed.