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What are December lease numbers and incentives for Genesis G70 3.3T

MacioMacio Posts: 43
edited December 2019 in Genesis
Please provide December ease numbers and incentives for Genesis G70 3.3T Advanced AWD with sport package, 36 months, 12,000 miles, zip code 45242. Please share both 2019 and 2020. Thank you!

Comments

  • kyfdxkyfdx Posts: 167,371
    Macio said:

    Please provide December ease numbers and incentives for Genesis G70 3.3T Advanced AWD with sport package, 36 months, 12,000 miles, zip code 45242. Please share both 2019 and 2020. Thank you!

    2019
    .00014 MF and 47% residual
    $5000 lease cash
    $1000 bonus cash

    2020
    .00035 MF and 51% residual
    $3000 lease cash

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

    Edmunds Moderator

  • MacioMacio Posts: 43
    Quick question: for 2019 what is $1000 bonus cash for? I mean what needs to happen to get this one? thanks!
  • kyfdxkyfdx Posts: 167,371
    Macio said:

    Quick question: for 2019 what is $1000 bonus cash for? I mean what needs to happen to get this one? thanks!

    You have to lease or buy the vehicle.

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

    Edmunds Moderator

  • MacioMacio Posts: 43
    So I am about to say yes to following lease offer for genesis g70 3.3t sport MSRP $52,680, 36 months, 12K: $539/month incl tax with 0 down payment.

    I asked many dealerships and this is the best I got. I think this is good, but I thought I ask. What do you think? Thank you for any opinion.
  • kyfdxkyfdx Posts: 167,371
    Macio said:

    So I am about to say yes to following lease offer for genesis g70 3.3t sport MSRP $52,680, 36 months, 12K: $539/month incl tax with 0 down payment.

    I asked many dealerships and this is the best I got. I think this is good, but I thought I ask. What do you think? Thank you for any opinion.

    2019 or 2020?

    Are you getting it locally?

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

    Edmunds Moderator

  • MacioMacio Posts: 43
    locally Indiana 2019
  • MichaellMichaell ColoradoPosts: 161,795
    Macio said:

    locally Indiana 2019

    If it is truly $0 out of pocket at signing, that looks good.

    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

  • MacioMacio Posts: 43
    thank you! I actually get now $524 incl tax $0 at sign as I get bids as we speak from 2 final dealerships
  • MacioMacio Posts: 43
    Final deal $510 per month incl tax (total lease cost 36M, 12K $18,360) for 2019 G70 3.3T Sport AWD
  • Macio said:

    Final deal $510 per month incl tax (total lease cost 36M, 12K $18,360) for 2019 G70 3.3T Sport AWD

    What is the $18,360 in the above line?

    That seems to be a great price. Do you know what the money factor used was? What is your tax rate? With PA 7% tax on a lease, I am seeing numbers close to $590.
  • kyfdxkyfdx Posts: 167,371
    Macio said:

    Final deal $510 per month incl tax (total lease cost 36M, 12K $18,360) for 2019 G70 3.3T Sport AWD

    Congrats!

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

    Edmunds Moderator

  • kyfdxkyfdx Posts: 167,371
    BruceK_PA said:

    Macio said:

    Final deal $510 per month incl tax (total lease cost 36M, 12K $18,360) for 2019 G70 3.3T Sport AWD

    What is the $18,360 in the above line?

    That seems to be a great price. Do you know what the money factor used was? What is your tax rate? With PA 7% tax on a lease, I am seeing numbers close to $590.
    2019
    .00014 MF and 47% residual
    $5000 lease cash
    $1000 bonus cash

    I'll guess the $18360 is the total cost of the lease over 36 months.

    Here is some bad news: PA adds 3% to the sales tax on a lease, so if your local rate is 7%, the lease payment tax is 10%.

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

    Edmunds Moderator

  • MacioMacio Posts: 43
    Sorry everybody. I had to step back from this dealership as they started play the games with down payments.

    Final final I got with 2nd competing dealership for 2019 g70 AWD 3.3T sport msrp:

    $532 monthly incl tax with 0 down payment.
    Total lease cost 36 months 12K: $19,162
    MSRP $52,680
    selling price of $47,659.44
    All rebates adding up to $7,000
    I assume MF (00014) and residual (47) are exactly like December genesis numbers, I will double check them as I sign papers on Jan 4th

    Final thoughts? Is this good?

  • MacioMacio Posts: 43
    My tax is 7% OH
  • MichaellMichaell ColoradoPosts: 161,795
    Macio said:

    Sorry everybody. I had to step back from this dealership as they started play the games with down payments.

    Final final I got with 2nd competing dealership for 2019 g70 AWD 3.3T sport msrp:

    $532 monthly incl tax with 0 down payment.
    Total lease cost 36 months 12K: $19,162
    MSRP $52,680
    selling price of $47,659.44
    All rebates adding up to $7,000
    I assume MF (00014) and residual (47) are exactly like December genesis numbers, I will double check them as I sign papers on Jan 4th

    Final thoughts? Is this good?

    Are the incentives applied after the selling price?

    How much are you giving the dealer when you sign the papers?

    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

  • Macio said:

    Sorry everybody. I had to step back from this dealership as they started play the games with down payments.

    Final final I got with 2nd competing dealership for 2019 g70 AWD 3.3T sport msrp:

    $532 monthly incl tax with 0 down payment.
    Total lease cost 36 months 12K: $19,162
    MSRP $52,680
    selling price of $47,659.44
    All rebates adding up to $7,000
    I assume MF (00014) and residual (47) are exactly like December genesis numbers, I will double check them as I sign papers on Jan 4th

    Final thoughts? Is this good?

    I thought the lease cash and all was with a 1.2 end date?

    That is a good price, below the Hyundai Circle A price. Did the dealer shoot you that price to start with? I am looking at a Sport 3.3 with a $52,645 MSRP and I a looking at a Circle A selling price of 48,378. The rest of the deal is the same except I am doing 15K(45 % R) and PA tax is 9%.

    Since you are in OH, are you going to do winter tires right away?
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