2020 Genesis G70 Lease Deals and Prices

kyfdx

Sdq60 said:

Hello, I'm looking for MF RV and Incentives in zipcode 92117 for a
2020 G70 Sport 3.3t RWD 36/10.

.00021 MF and 50% residual
$3500 lease cash

drumhorn

Can I get MF RV and Incentives for a 2020 G70 2.0T RWD with Sport package (auto trans) in zip code 78728 for 36/12K?

Michaell

drumhorn said:

Can I get MF RV and Incentives for a 2020 G70 2.0T RWD with Sport package (auto trans) in zip code 78728 for 36/12K?

.00023 and 46%
$4500 lease cash

drumhorn

Can I get MF RV and Incentives for a 2020 G70 3.3T RWD in zip code 78728 for 36/12K?

kyfdx

drumhorn said:

Can I get MF RV and Incentives for a 2020 G70 3.3T RWD in zip code 78728 for 36/12K?

.00021 MF and 49% residual
$3500 lease cash

mariob33

can i get MF RV and Incentives in zipcode 02343 for a 2020 G70 Sport 3.3t AWD 36/10 & 24/10

Michaell

mariob33 said:

can i get MF RV and Incentives in zipcode 02343 for a 2020 G70 Sport 3.3t AWD 36/10 & 24/10

36/10
.00017 and 50%
$3500 lease cash

No 24 month term on the G70

drumhorn

Leasing question. I'm preparing for negotiating my first lease contract and I want to make sure I understand all the math so I'm not dependent on the finance guy to explain things to me.

I live in Texas and from what I've read Texas requires the negotiated sales price of the car to be taxed. Does this tax have to be paid for up front at signing? Or can it be included in the adjusted cap cost? Also, if I have the option to pay taxes up front or included in cap cost, what's the recommended path to take?

kyfdx

drumhorn said:

Leasing question. I'm preparing for negotiating my first lease contract and I want to make sure I understand all the math so I'm not dependent on the finance guy to explain things to me.

I live in Texas and from what I've read Texas requires the negotiated sales price of the car to be taxed. Does this tax have to be paid for up front at signing? Or can it be included in the adjusted cap cost? Also, if I have the option to pay taxes up front or included in cap cost, what's the recommended path to take?

The tax is paid upfront, but that amount can be added to the CAP cost, so you don't have to pay it out of pocket.

The high amount of sales tax in Texas would discourage me from leasing, in any event.

drumhorn

kyfdx said:

drumhorn said:

Leasing question. I'm preparing for negotiating my first lease contract and I want to make sure I understand all the math so I'm not dependent on the finance guy to explain things to me.

I live in Texas and from what I've read Texas requires the negotiated sales price of the car to be taxed. Does this tax have to be paid for up front at signing? Or can it be included in the adjusted cap cost? Also, if I have the option to pay taxes up front or included in cap cost, what's the recommended path to take?

The tax is paid upfront, but that amount can be added to the CAP cost, so you don't have to pay it out of pocket.

The high amount of sales tax in Texas would discourage me from leasing, in any event.

Thanks for the advice. I did some investigating after seeing your response about leasing in Texas and found out that some dealerships are willing to give tax credits in Texas to help offset the tax burden. I'll see if my dealer can do this for me when I go in.

kyfdx

drumhorn said:

kyfdx said:

drumhorn said:

Leasing question. I'm preparing for negotiating my first lease contract and I want to make sure I understand all the math so I'm not dependent on the finance guy to explain things to me.

I live in Texas and from what I've read Texas requires the negotiated sales price of the car to be taxed. Does this tax have to be paid for up front at signing? Or can it be included in the adjusted cap cost? Also, if I have the option to pay taxes up front or included in cap cost, what's the recommended path to take?

The tax is paid upfront, but that amount can be added to the CAP cost, so you don't have to pay it out of pocket.

The high amount of sales tax in Texas would discourage me from leasing, in any event.

Thanks for the advice. I did some investigating after seeing your response about leasing in Texas and found out that some dealerships are willing to give tax credits in Texas to help offset the tax burden. I'll see if my dealer can do this for me when I go in.

I'll guess that is more manufacturer's captive bank related, rather than dealer related.

In other words, if Genesis Finance is offering it, then all dealers in TX will have access to it. If not, then that won't be an option.

firligic

Hi,

Looking for RV/MF,Incentives for zipcode 11368
2020 G70 2.0T AWD Standard 36/10k or 36/7.5k

kyfdx

firligic said:

Hi,

Looking for RV/MF,Incentives for zipcode 11368
2020 G70 2.0T AWD Standard 36/10k or 36/7.5k

36/10
.00012 MF and 48% residual
$4000 lease cash

drumhorn

Can I get MF RV and Incentives for a 2020 G70 3.3T RWD in zip code 78249 for 36/12K?

drumhorn

Can I get MF RV and Incentives for a 2020 G70 2.0T RWD (auto) in zip code 78249 for 36/12K?

Michaell

drumhorn said:

Can I get MF RV and Incentives for a 2020 G70 3.3T RWD in zip code 78249 for 36/12K?

drumhorn said:

Can I get MF RV and Incentives for a 2020 G70 2.0T RWD (auto) in zip code 78249 for 36/12K?

2.0T RWD - .00023 and 46%; $4500 lease cash
3.3T AWD - .00017 and 49%; $3500 lease cash

drumhorn

Michaell said:

drumhorn said:

Can I get MF RV and Incentives for a 2020 G70 3.3T RWD in zip code 78249 for 36/12K?

drumhorn said:

Can I get MF RV and Incentives for a 2020 G70 2.0T RWD (auto) in zip code 78249 for 36/12K?

2.0T RWD - .00023 and 46%; $4500 lease cash
3.3T AWD - .00017 and 49%; $3500 lease cash

Did you give me the 3.3T AWD values by mistake? I asked for 3.3T RWD.

kyfdx

drumhorn said:

Michaell said:

drumhorn said:

Can I get MF RV and Incentives for a 2020 G70 3.3T RWD in zip code 78249 for 36/12K?

drumhorn said:

Can I get MF RV and Incentives for a 2020 G70 2.0T RWD (auto) in zip code 78249 for 36/12K?

2.0T RWD - .00023 and 46%; $4500 lease cash
3.3T AWD - .00017 and 49%; $3500 lease cash

Did you give me the 3.3T AWD values by mistake? I asked for 3.3T RWD.

Yup...

3.3 RWD
.00021 MF and 49% residual
$3500 lease cash

drumhorn

I have a lease question related to cash incentives. One dealer's website I'm considering lists in their fine print about a leasing a 2.0T model...
"Cash due at signing includes $7960 in capitalized cost reduction..." That's a lot higher than the lease cash mentioned here. Is their value higher because that amount is only given to people with a credit score of 800+ (which was also listed in fine print)?

kyfdx

drumhorn said:

I have a lease question related to cash incentives. One dealer's website I'm considering lists in their fine print about a leasing a 2.0T model...
"Cash due at signing includes $7960 in capitalized cost reduction..." That's a lot higher than the lease cash mentioned here. Is their value higher because that amount is only given to people with a credit score of 800+ (which was also listed in fine print)?

Without the whole context, I can't tell. What is the amount Due at Signing on that ad?

drumhorn

kyfdx said:

drumhorn said:

I have a lease question related to cash incentives. One dealer's website I'm considering lists in their fine print about a leasing a 2.0T model...
"Cash due at signing includes $7960 in capitalized cost reduction..." That's a lot higher than the lease cash mentioned here. Is their value higher because that amount is only given to people with a credit score of 800+ (which was also listed in fine print)?

Without the whole context, I can't tell. What is the amount Due at Signing on that ad?

Here's a screen capture of the deal. I couldn't copy/paste because this detail was on a popup that disappeared as soon as I moved my mouse. Edit: The MSRP advertised for this car was $46,720 and the advertised price was $44,220.

kyfdx

drumhorn said:

kyfdx said:

drumhorn said:

I have a lease question related to cash incentives. One dealer's website I'm considering lists in their fine print about a leasing a 2.0T model...
"Cash due at signing includes $7960 in capitalized cost reduction..." That's a lot higher than the lease cash mentioned here. Is their value higher because that amount is only given to people with a credit score of 800+ (which was also listed in fine print)?

Without the whole context, I can't tell. What is the amount Due at Signing on that ad?

Here's a screen capture of the deal. I couldn't copy/paste because this detail was on a popup that disappeared as soon as I moved my mouse. Edit: The MSRP advertised for this car was $46,720 and the advertised price was $44,220.

Part of the CAP cost reduction comes from the rebate, the rest from the $3999 due at signing.

drumhorn

kyfdx said:

drumhorn said:

kyfdx said:

drumhorn said:

I have a lease question related to cash incentives. One dealer's website I'm considering lists in their fine print about a leasing a 2.0T model...
"Cash due at signing includes $7960 in capitalized cost reduction..." That's a lot higher than the lease cash mentioned here. Is their value higher because that amount is only given to people with a credit score of 800+ (which was also listed in fine print)?

Without the whole context, I can't tell. What is the amount Due at Signing on that ad?

Here's a screen capture of the deal. I couldn't copy/paste because this detail was on a popup that disappeared as soon as I moved my mouse. Edit: The MSRP advertised for this car was $46,720 and the advertised price was $44,220.

Part of the CAP cost reduction comes from the rebate, the rest from the $3999 due at signing.

Gotcha...so if I understand correctly that $3999 due at signing is $539 for first payment and $3460 of what? Is that a down payment? Or taxes? And if I wanted to do a zero down lease would that mean I would only pay the $539 for the first payment?

kyfdx

drumhorn said:

kyfdx said:

drumhorn said:

kyfdx said:

drumhorn said:

I have a lease question related to cash incentives. One dealer's website I'm considering lists in their fine print about a leasing a 2.0T model...
"Cash due at signing includes $7960 in capitalized cost reduction..." That's a lot higher than the lease cash mentioned here. Is their value higher because that amount is only given to people with a credit score of 800+ (which was also listed in fine print)?

Without the whole context, I can't tell. What is the amount Due at Signing on that ad?

Here's a screen capture of the deal. I couldn't copy/paste because this detail was on a popup that disappeared as soon as I moved my mouse. Edit: The MSRP advertised for this car was $46,720 and the advertised price was $44,220.

Part of the CAP cost reduction comes from the rebate, the rest from the $3999 due at signing.

Gotcha...so if I understand correctly that $3999 due at signing is $539 for first payment and $3460 of what? Is that a down payment? Or taxes? And if I wanted to do a zero down lease would that mean I would only pay the $539 for the first payment?

$539+tax, assuming you put $3999 upfront.

If you want just first payment upfront, the payment will go up by about $100/mo.

Niko876

Hello all, May I have the MF, RV & incentives for (33328)

2.0T Base
2.0T Sport A/T

Thank you in advance.

kyfdx

Niko876 said:

Hello all, May I have the MF, RV & incentives for (33328)

2.0T Base
2.0T Sport A/T

Thank you in advance.

RWD or AWD?

What term and mileage allowance?

Niko876

kyfdx said:

Niko876 said:

Hello all, May I have the MF, RV & incentives for (33328)

2.0T Base
2.0T Sport A/T

Thank you in advance.

RWD or AWD?

What term and mileage allowance?

Both RWD and AWD 36/12k

kyfdx

Niko876 said:

kyfdx said:

Niko876 said:

Hello all, May I have the MF, RV & incentives for (33328)

2.0T Base
2.0T Sport A/T

Thank you in advance.

RWD or AWD?

What term and mileage allowance?

Both RWD and AWD 36/12k

AWD
.00012 MF and 47% residual
$4000 lease cash

RWD
.00023 MF and 46% residual
$4500 lease cash

drumhorn

I came across a lease deal of a 2020 Genesis G70 in Texas that I have a question about.





In Texas, the state sales tax is 6.25% but for this lease deal the tax appears to be only 1.42% ($571/$39,981). Does it appear that this tax value was negotiated down? If so, isn't that making the leasing company to eat the tax that the lease doesn't cover?

npfox1

How about values for a 2019 G70 3.3 Advanced AWD w/Navi on a 36/12k in 40508?

Michaell

drumhorn said:

I came across a lease deal of a 2020 Genesis G70 in Texas that I have a question about.





In Texas, the state sales tax is 6.25% but for this lease deal the tax appears to be only 1.42% ($571/$39,981). Does it appear that this tax value was negotiated down? If so, isn't that making the leasing company to eat the tax that the lease doesn't cover?

Texas will allow dealers to offer "tax credits" that reduces the effective rate for leasing purposes. It is a great benefit to take advantage of.

But, why start a lease with $7000 up front? That money would be lost if the car is stolen or totaled during the lease, and it doesn't change the total cost of the lease.

Michaell

npfox1 said:

How about values for a 2019 G70 3.3 Advanced AWD w/Navi on a 36/12k in 40508?

No lease programs for the 2019 G70

drumhorn

Michaell said:

drumhorn said:

I came across a lease deal of a 2020 Genesis G70 in Texas that I have a question about.





In Texas, the state sales tax is 6.25% but for this lease deal the tax appears to be only 1.42% ($571/$39,981). Does it appear that this tax value was negotiated down? If so, isn't that making the leasing company to eat the tax that the lease doesn't cover?

Texas will allow dealers to offer "tax credits" that reduces the effective rate for leasing purposes. It is a great benefit to take advantage of.

But, why start a lease with $7000 up front? That money would be lost if the car is stolen or totaled during the lease, and it doesn't change the total cost of the lease.

Thank you for sharing about tax credits! I'll be sure to take advantage of that!

As far as the $7000 upfront, if you look in the first picture, you'll see that the $7000 is listed in the Rebates and Noncash credits portion. The $7000 breaks down like this: $5500 lease cash, $1000 loyalty, $500 Flex.

But help me understand something, it seems like this $7000 did reduce in the cost of the lease. The adjusted capitalized cost was lowered by that amount which means the depreciation amount was also lowered by the same amount which means the lease payments were much lower than without that $7000 rebate/credits. Am I missing something here? (trying to solidify my knowledge of leasing here).

Michaell

drumhorn said:

Michaell said:

drumhorn said:

I came across a lease deal of a 2020 Genesis G70 in Texas that I have a question about.





In Texas, the state sales tax is 6.25% but for this lease deal the tax appears to be only 1.42% ($571/$39,981). Does it appear that this tax value was negotiated down? If so, isn't that making the leasing company to eat the tax that the lease doesn't cover?

Texas will allow dealers to offer "tax credits" that reduces the effective rate for leasing purposes. It is a great benefit to take advantage of.

But, why start a lease with $7000 up front? That money would be lost if the car is stolen or totaled during the lease, and it doesn't change the total cost of the lease.

Thank you for sharing about tax credits! I'll be sure to take advantage of that!

As far as the $7000 upfront, if you look in the first picture, you'll see that the $7000 is listed in the Rebates and Noncash credits portion. The $7000 breaks down like this: $5500 lease cash, $1000 loyalty, $500 Flex.

But help me understand something, it seems like this $7000 did reduce in the cost of the lease. The adjusted capitalized cost was lowered by that amount which means the depreciation amount was also lowered by the same amount which means the lease payments were much lower than without that $7000 rebate/credits. Am I missing something here? (trying to solidify my knowledge of leasing here).

Nope, you have that all correct. As this was a lease from March, the incentives were different (and much higher) at that time.

drumhorn

Michaell said:

drumhorn said:

Michaell said:

drumhorn said:

I came across a lease deal of a 2020 Genesis G70 in Texas that I have a question about.





In Texas, the state sales tax is 6.25% but for this lease deal the tax appears to be only 1.42% ($571/$39,981). Does it appear that this tax value was negotiated down? If so, isn't that making the leasing company to eat the tax that the lease doesn't cover?

Texas will allow dealers to offer "tax credits" that reduces the effective rate for leasing purposes. It is a great benefit to take advantage of.

But, why start a lease with $7000 up front? That money would be lost if the car is stolen or totaled during the lease, and it doesn't change the total cost of the lease.

Thank you for sharing about tax credits! I'll be sure to take advantage of that!

As far as the $7000 upfront, if you look in the first picture, you'll see that the $7000 is listed in the Rebates and Noncash credits portion. The $7000 breaks down like this: $5500 lease cash, $1000 loyalty, $500 Flex.

But help me understand something, it seems like this $7000 did reduce in the cost of the lease. The adjusted capitalized cost was lowered by that amount which means the depreciation amount was also lowered by the same amount which means the lease payments were much lower than without that $7000 rebate/credits. Am I missing something here? (trying to solidify my knowledge of leasing here).

Nope, you have that all correct. As this was a lease from March, the incentives were different (and much higher) at that time.

Oh, so glad to hear that. That shows my studying as been paying off!

One more question...do dealers have a disincentive to provide tax credits? In other words, do they make more money by charging me the full tax amount and then pocketing the tax credit on the back end? I'm trying to gauge if there will be any pushback when I ask for tax credits on a heavily discounted vehicle.

Michaell

drumhorn said:

Michaell said:

drumhorn said:

Michaell said:

drumhorn said:

I came across a lease deal of a 2020 Genesis G70 in Texas that I have a question about.





In Texas, the state sales tax is 6.25% but for this lease deal the tax appears to be only 1.42% ($571/$39,981). Does it appear that this tax value was negotiated down? If so, isn't that making the leasing company to eat the tax that the lease doesn't cover?

Texas will allow dealers to offer "tax credits" that reduces the effective rate for leasing purposes. It is a great benefit to take advantage of.

But, why start a lease with $7000 up front? That money would be lost if the car is stolen or totaled during the lease, and it doesn't change the total cost of the lease.

Thank you for sharing about tax credits! I'll be sure to take advantage of that!

As far as the $7000 upfront, if you look in the first picture, you'll see that the $7000 is listed in the Rebates and Noncash credits portion. The $7000 breaks down like this: $5500 lease cash, $1000 loyalty, $500 Flex.

But help me understand something, it seems like this $7000 did reduce in the cost of the lease. The adjusted capitalized cost was lowered by that amount which means the depreciation amount was also lowered by the same amount which means the lease payments were much lower than without that $7000 rebate/credits. Am I missing something here? (trying to solidify my knowledge of leasing here).

Nope, you have that all correct. As this was a lease from March, the incentives were different (and much higher) at that time.

Oh, so glad to hear that. That shows my studying as been paying off!

One more question...do dealers have a disincentive to provide tax credits? In other words, do they make more money by charging me the full tax amount and then pocketing the tax credit on the back end? I'm trying to gauge if there will be any pushback when I ask for tax credits on a heavily discounted vehicle.

Dealers aren't always able to offer tax credits - it's determined by the Department of Revenue. We tend to see this mostly with luxury brands.

And, any tax they collect goes to the state, so it doesn't impact them, one way or the other (of course, other than as an incentive to move another unit of inventory).

Foolsgold212

Hello, May I have the MF, RV and incentives for zip 07470? Thank you

2.0T AWD Prestige

Michaell

Foolsgold212 said:

Hello, May I have the MF, RV and incentives for zip 07470? Thank you

2.0T AWD Prestige

36/15
.00012 and 45%
$4000 lease cash

drumhorn

Can someone explain what the difference between a Special Lease and a regular lease. I ask because when I read the fine print on TrueCar about the Lease Cash I see the below. I want to make sure I'm not asking for a special lease.


Customers who participate in a Special Lease or Low APR program through Genesis Finance do not qualify for Lease Bonus Cash. See participating dealer for details. Expires 06/30/2020

kyfdx

drumhorn said:

Can someone explain what the difference between a Special Lease and a regular lease. I ask because when I read the fine print on TrueCar about the Lease Cash I see the below. I want to make sure I'm not asking for a special lease.


Customers who participate in a Special Lease or Low APR program through Genesis Finance do not qualify for Lease Bonus Cash. See participating dealer for details. Expires 06/30/2020

All of the G70 leases are "special leases". That means they have a subvented money factor, rather than the "standard" MF.

The incentive we quote is technically: Lease Program Cash
That incentive is compatible with the special lease program we quote.

The "standard lease" program has two incentives
$2500 Genesis Retail Bonus Cash exp. 06/30/2020
$5500 Non-GF Lease Cash exp. 06/30/2020

Those incentives are NOT compatible with the "special lease" program.

Michaell

drumhorn said:

Can someone explain what the difference between a Special Lease and a regular lease. I ask because when I read the fine print on TrueCar about the Lease Cash I see the below. I want to make sure I'm not asking for a special lease.


Customers who participate in a Special Lease or Low APR program through Genesis Finance do not qualify for Lease Bonus Cash. See participating dealer for details. Expires 06/30/2020

I can't help you with what TrueCar states on their website - we're Edmunds, ya know?

Sysy62

Hello can I can get MF, RV, incentives, conquest for G70 3.3 AWD for zip 02026 please?

Michaell

Sysy62 said:

Hello can I can get MF, RV, incentives, conquest for G70 3.3 AWD for zip 02026 please?

36/15
.00017 and 47%
$3500 lease cash
$1000 conquest

drumhorn

Can I get MF RV and Incentives for a 2020 G70 2.0T RWD (auto) in zip code 87114 for 36/12K?

Michaell

drumhorn said:

Can I get MF RV and Incentives for a 2020 G70 2.0T RWD (auto) in zip code 87114 for 36/12K?

.00023 and 46%
$4500 lease cash

gabriel10299

hello..
can i have residual , incentives and MF for 36 month/12k miles on the g70 2.0 with elite package for zip 08817? AWD Automatic

Michaell

gabriel10299 said:

hello..
can i have residual , incentives and MF for 36 month/12k miles on the g70 2.0 with elite package for zip 08817? AWD Automatic

.00012 and 47%
$4000 lease cash

Sysy62

Michaell said:

Sysy62 said:

Hello can I can get MF, RV, incentives, conquest for G70 3.3 AWD for zip 02026 please?

36/15
.00017 and 47%
$3500 lease cash
$1000 conquest

I'm sorry but can I get the numbers for 36/12 please, I forgot to mention 12k year

kyfdx

Sysy62 said:

Michaell said:

Sysy62 said:

Hello can I can get MF, RV, incentives, conquest for G70 3.3 AWD for zip 02026 please?

36/15
.00017 and 47%
$3500 lease cash
$1000 conquest

I'm sorry but can I get the numbers for 36/12 please, I forgot to mention 12k year

49%

kashtaneja

Can I please get RV MF and rebates for G70 3.3T Elite RWD 36mo/10k in zip code 90630? Thanks!