New 19 genesis G70 lease deal

Jy147147Jy147147 Member Posts: 4
edited June 2019 in Genesis
Hey guys I am wondering I am getting good deals for G70 lease. 19 G70 msrp 45020 dollars Not sure about mf and other details but It is 740 a month 12k miles 36 months 3000 dollars down. Down payment include ttl and first payment. Tax rate is 4.5 percent and zip is 73160. And I also have 10000 dollars upside down on my trade in

Answers

  • MichaellMichaell ColoradoModerator Posts: 206,019
    Jy147147 said:

    Hey guys I am wondering I am getting good deals for G70 lease.
    19 G70 msrp 45020 dollars
    Not sure about mf and other details but
    It is 740 a month 12k miles 36 months 3000 dollars down. Down payment include ttl and first payment. Tax rate is 4.5 percent and zip is 73160. And I also have 10000 dollars upside down on my trade in

    Do you know the selling price?

    What engine?
    RWD or AWD?

    Did you say $10,000 upside down? That will make any lease deal terrible, by itself; that will add close to $300/mo to any payment.

    Any chance you can stick with your current vehicle and try to get that number smaller?

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  • Jy147147Jy147147 Member Posts: 4
    I am not sure about selling price. It is 2.0t rwd. 
    I know I have a lot of upside down but I am considering it because I am owner of small business and cpa really recommend to lease a car in order to reduce income tax next year. 
  • kyfdxkyfdx Moderator Posts: 207,712
    Jy147147 said:

    I am not sure about selling price. It is 2.0t rwd. 
    I know I have a lot of upside down but I am considering it because I am owner of small business and cpa really recommend to lease a car in order to reduce income tax next year. 

    You can’t save $10K on taxes by leasing a car. That won’t come close to making up for the negative equity

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  • Jy147147Jy147147 Member Posts: 4
    Yes I may not be able to save 10k but if I lease a car all the payment can go to expenses. Currently I am driving financed car and it does not help on taxes. Consider I payed 20k income tax for 2018 I need do something
  • kyfdxkyfdx Moderator Posts: 207,712
    Jy147147 said:

    Yes I may not be able to save 10k but if I lease a car all the payment can go to expenses. Currently I am driving financed car and it does not help on taxes. Consider I payed 20k income tax for 2018 I need do something

    $8400 in lease payments might save you $2500 in income tax. Taking a $10K loss to do that is just penny wise, pound foolish (you might have to Google that.. ;) )

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  • Jy147147Jy147147 Member Posts: 4
    kyfdx said:
    Yes I may not be able to save 10k but if I lease a car all the payment can go to expenses. Currently I am driving financed car and it does not help on taxes. Consider I payed 20k income tax for 2018 I need do something
    $8400 in lease payments might save you $2500 in income tax. Taking a $10K loss to do that is just penny wise, pound foolish (you might have to Google that.. ;) )
    Thanks for your advice 
  • Hawks123Hawks123 ChicagoMember Posts: 6
    Could I please get the MF and RV on a G70 3.3 AWD? zip is 60174.
  • MichaellMichaell ColoradoModerator Posts: 206,019
    Hawks123 said:

    Could I please get the MF and RV on a G70 3.3 AWD? zip is 60174.

    36/15
    .00007 and 49%
    $3000 lease cash

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