2022 Genesis GV70 Lease Deals and Prices

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  • ClemS4ClemS4 Member Posts: 17
    Michaell said:

    ClemS4 said:

    kyfdx said:

    ClemS4 said:

    Hello. Can I please get the money factor and residual for a Genesis GV70 2.5T for trims Select, Advanced and Sport Prestige? 36/10k & 36/12k for zip code 03064. Thanks in advance.

    36/12
    .00171 MF and 55% residual
    No lease incentives
    Can a dealer increase the money factor (MF), say from .00171 to .00211, simply "because if we aren't charging over MSRP currently then our finance manager needs to make money somewhere"? I called them out on it and you could tell they were uncomfortable with how much I knew of all the numbers and terms. Ultimately, when factoring out payments the increase in the MF would be 1,800 over MSRP. Seems they are robbing Mary to pay Paul as they say. I would rather they just say they are charging over MSRP as a market adjustment rather than hiding it in the MF. Perhaps it is in their right, albeit unethical, but I thought the MF was set a corporate level and that was non-negotiable. Please let me know your thoughts either way. I'm inclined to reach out to Genesis corporate. Thank you!
    Yes, the dealer can mark up the MF by .00040, which they tried to do to you.

    That's why knowing the numbers up front can help in those negotiations.

    It's really a matter of who gets the bigger commission - the salesman (price over MSRP) or the finance manager (marked up MF).

    Ideally, you'd prefer neither, but I'm not sure that's feasible in today's market. Pick your battles.
    That was really helpful. Thank you very much! As much as we like the GV70, may go with the Volvo XC60 and avoid the games the Genesis dealers are playing. I'll report back. Thanks again!
  • sumit76sumit76 Member Posts: 8
    edited March 2022
    Hi

    I am struggling to match the numbers and hope you can help. I used the online Edmunds Lease Calculator also.

    MSRP 51320 (is also the selling price)
    36/10
    MF .00171
    Residual 56%
    Zip 08550
    Dealer Doc Fees 175
    Acquisition Fees 750

    I plan to pay all the fees as down payment.

    Now, when I reduce the residual from the MSRP, I get $22,511, which equates to $625 as base payment. Online calculator shows the following -


    Lease Payment (excluding Taxes and Fees): $764. How do we get $764 on a base $625 payment with 4.1%?

    Also, the taxes show $1,895, shouldn't the taxes be charged only on the Selling Price - Residual i.e. on $22,511 = $1491

    with this MSRP car, I was under the impression the payment will be $625+ 4.1% interest on reducing balance + tax of 6.625% i.e. ~$670. Online calculator shows ~$800.


  • MichaellMichaell ColoradoModerator Posts: 215,433
    sumit76 said:

    Hi

    I am struggling to match the numbers and hope you can help. I used the online Edmunds Lease Calculator also.

    MSRP 51320 (is also the selling price)
    36/10
    MF .00171
    Residual 56%
    Zip 08550
    Dealer Doc Fees 175
    Acquisition Fees 750

    I plan to pay all the fees as down payment.

    Now, when I reduce the residual from the MSRP, I get $22,511, which equates to $625 as base payment. Online calculator shows the following -


    Lease Payment (excluding Taxes and Fees): $764. How do we get $764 on a base $625 payment with 4.1%?

    Also, the taxes show $1,895, shouldn't the taxes be charged only on the Selling Price - Residual i.e. on $22,511 = $1491

    with this MSRP car, I was under the impression the payment will be $625+ 4.1% interest on reducing balance + tax of 6.625% i.e. ~$670. Online calculator shows ~$800.


    That's not how the interest is calculated on a lease.

    $764 is the correct, pre-tax payment.

    The monthly rent charge is calculated as follows:

    (cap cost + residual value) multiplied by the MF decimal value.

    You are paying the rent charge across the entire amount financed, not just the depreciation amount.

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  • BTCto150kBTCto150k Member Posts: 3
    edited March 2022

    Hello, I was wondering if I could get the MF and residual Value for a GV70 Sport Prestige for zip code 07652

  • kyfdxkyfdx Moderator Posts: 213,926
    edited March 2022
    BTCto150k said:

    Hello, I was wondering if I could get the MF and residual Value for a GV70 Sport Prestige for zip code 07652

    Is that 2.5 or 3.5?
    What term and mileage allowance?

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  • sxmxpd9sxmxpd9 Member Posts: 16
    Hello,

    I'd like to see if there is info for a 2022 GV70 3.5 Prestige for zip code 78728 for a 3yr/36k. Any info on MF, residual, and incentives would be appreciated!
  • kyfdxkyfdx Moderator Posts: 213,926
    sxmxpd9 said:

    Hello,

    I'd like to see if there is info for a 2022 GV70 3.5 Prestige for zip code 78728 for a 3yr/36k. Any info on MF, residual, and incentives would be appreciated!

    .00082 MF and 55% residual
    No lease incentives

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  • BTCto150kBTCto150k Member Posts: 3
    edited April 2022
    kyfdx said:

    BTCto150k said:

    Hello, I was wondering if I could get the MF and residual Value for a GV70 Sport Prestige for zip code 07652

    Is that 2.5 or 3.5?
    What term and mileage allowance?
    It would be the 3.5, and 36 months 12k miles
  • kyfdxkyfdx Moderator Posts: 213,926
    BTCto150k said:

    kyfdx said:

    BTCto150k said:

    Hello, I was wondering if I could get the MF and residual Value for a GV70 Sport Prestige for zip code 07652

    Is that 2.5 or 3.5?
    What term and mileage allowance?
    It would be the 3.5, and 36 months 12k miles
    .00082 MF and 55% residual

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  • pete7_lipete7_li Member Posts: 28
    Can the moderators please advise the MF and residual on a GV70 2.5T lease for 36/12K, and 36/15K. Zip code is 21045. Thanks very much in advance!
  • MichaellMichaell ColoradoModerator Posts: 215,433
    pete7_li said:

    Can the moderators please advise the MF and residual on a GV70 2.5T lease for 36/12K, and 36/15K. Zip code is 21045. Thanks very much in advance!

    36/15
    .00171 MF and 53% RV

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  • jwassxjwassx Member Posts: 16

    Hello, can you please provide the MF, RV, and lease incentives for a 2022 GV70 2.5T Advanced and Sport Prestige, 36/10 in 06850?

    Thank you!

  • MichaellMichaell ColoradoModerator Posts: 215,433
    jwassx said:

    Hello, can you please provide the MF, RV, and lease incentives for a 2022 GV70 2.5T Advanced and Sport Prestige, 36/10 in 06850?

    Thank you!

    .00171 and 56%
    No lease incentives

    All packages/trims

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  • Gen19Gen19 Member Posts: 5

    Hello, can you provide the RV, MF, and lease incentives/rebates for a 2022 GV70 2.5T for 36/10 and 48/10 in 11749? Thank you!

  • MichaellMichaell ColoradoModerator Posts: 215,433
    Gen19 said:

    Hello, can you provide the RV, MF, and lease incentives/rebates for a 2022 GV70 2.5T for 36/10 and 48/10 in 11749? Thank you!

    .00171 MF and 56% RV
    .00208 MF and 41% RV
    No lease incentives

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  • CDL2262CDL2262 Member Posts: 3
    Good morning! I'm looking for residual value, incentives, and MF for 2022 GV70 2.5 T (Standard). 36 months/10,000 miles/year in zip code 77429. Thank you!
  • MichaellMichaell ColoradoModerator Posts: 215,433
    CDL2262 said:

    Good morning! I'm looking for residual value, incentives, and MF for 2022 GV70 2.5 T (Standard). 36 months/10,000 miles/year in zip code 77429. Thank you!

    .00171 MF and 56% residual
    No lease incentives

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  • jasedukejaseduke Member Posts: 10
    Please provide Information on a 2022 GV70 AWD 2.5T ADVANCED 36month/12,000 miles in zip code 66208. Thanks!
  • kyfdxkyfdx Moderator Posts: 213,926
    jaseduke said:

    Please provide Information on a 2022 GV70 AWD 2.5T ADVANCED 36month/12,000 miles in zip code 66208. Thanks!

    .00171 MF and 55% residual
    No lease incentives

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  • wushutawushuta New Braunfels, TXMember Posts: 13

    Hi,
    Looking for a new car. Can you provide MF, RV, incentives for 3.5t sport prestige, 36/10k (does genesis offer longer lease terms, if so, numbers for that as well)? 78132

  • kyfdxkyfdx Moderator Posts: 213,926
    wushuta said:

    Hi,

    Looking for a new car. Can you provide MF, RV, incentives for 3.5t sport prestige, 36/10k (does genesis offer longer lease terms, if so, numbers for that as well)? 78132

    .00082 MF and 56% residual

    48/10
    .00208 MF and 40% residual

    No lease incentives

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  • wushutawushuta New Braunfels, TXMember Posts: 13
    kyfdx said:

    wushuta said:

    Hi,

    Looking for a new car. Can you provide MF, RV, incentives for 3.5t sport prestige, 36/10k (does genesis offer longer lease terms, if so, numbers for that as well)? 78132

    .00082 MF and 56% residual

    48/10
    .00208 MF and 40% residual

    No lease incentives
    Me again, trying to find something. Are the numbers for a 2.5T advance or prestige .00171 and 56% fir 36/10k in 78132?
  • lsalcedo89lsalcedo89 Member Posts: 6
    Hi,

    I would like to know the following please:

    MF/Invoice/RV/Incentives for 08817, 10k miles/36 months and 12K miles/36 months
    2022 GV70 2.5T/3.5T AWD Select
    2022 GV70 2.5T/3.5T AWD Advanced
    2022 GV70 2.5T/3.5T AWD Sport Prestige

    Thanks so much!
  • MichaellMichaell ColoradoModerator Posts: 215,433
    wushuta said:

    kyfdx said:

    wushuta said:

    Hi,

    Looking for a new car. Can you provide MF, RV, incentives for 3.5t sport prestige, 36/10k (does genesis offer longer lease terms, if so, numbers for that as well)? 78132

    .00082 MF and 56% residual

    48/10
    .00208 MF and 40% residual

    No lease incentives
    Me again, trying to find something. Are the numbers for a 2.5T advance or prestige .00171 and 56% fir 36/10k in 78132?
    That is correct.

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  • MichaellMichaell ColoradoModerator Posts: 215,433

    Hi,

    I would like to know the following please:

    MF/Invoice/RV/Incentives for 08817, 10k miles/36 months and 12K miles/36 months
    2022 GV70 2.5T/3.5T AWD Select
    2022 GV70 2.5T/3.5T AWD Advanced
    2022 GV70 2.5T/3.5T AWD Sport Prestige

    Thanks so much!

    36/12
    2.5 - .00171 and 55%
    3.5 - .00082 and 55%
    No lease incentives

    All trims/packages

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  • Mr812toUMr812toU INMember Posts: 30
    All right need some more #'s.

    2022 GV70 3.5T AWD Sport Prestige RV/MF for 36/12. Many thanks per usual!
  • MichaellMichaell ColoradoModerator Posts: 215,433
    Mr812toU said:

    All right need some more #'s.

    2022 GV70 3.5T AWD Sport Prestige RV/MF for 36/12. Many thanks per usual!

    .00082 and 55%

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  • mmjbballmmjbball Chicago, ILMember Posts: 13
    Hi,

    Could you please provide MF/RV for GV70 AWD 2.5T for 36/7.5 in 60657?

    Thanks!
  • MichaellMichaell ColoradoModerator Posts: 215,433
    mmjbball said:

    Hi,

    Could you please provide MF/RV for GV70 AWD 2.5T for 36/7.5 in 60657?

    Thanks!

    .00171 MF and 57% RV

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  • tesla73tesla73 Member Posts: 22
    edited May 2022
    Hi,

    Could you please provide MF/RV for GV70 AWD 2.5T Select for 36/10 in 08816?

    Thanks!
  • MichaellMichaell ColoradoModerator Posts: 215,433
    tesla73 said:

    Hi,

    Could you please provide MF/RV for GV70 AWD 2.5T Select for 36/10 in 08816?

    Thanks!

    .00171 and 56%

    Edmunds Price Checker
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  • Willow1308Willow1308 Member Posts: 23
    edited May 2022

    Genesis 2022 GV70 AWD 2.5 T…

    One has Select package…

    One has Select package and advanced package…

    MF/RV…

    3 year/ 30K miles…

    Zip 77056

    Any lease incentives?

    Thank you for your help!!!

    ….

  • MichaellMichaell ColoradoModerator Posts: 215,433

    Genesis 2022 GV70 AWD 2.5 T…

    One has Select package…

    One has Select package and advanced package…

    MF/RV…

    3 year/ 30K miles…

    Zip 77056

    Any lease incentives?

    Thank you for your help!!!

    ….

    .00171 MF and 56% RV
    No lease incentive

    Either package

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  • Willow1308Willow1308 Member Posts: 23

    Genesis 2022 GV70 AWD 2.5 Base (no option packages)….

    Does the base model have a different MF/RV?

    3 year/ 30K miles…

    Zip 77056

    Thanks for all your assistance! 👍

  • kyfdxkyfdx Moderator Posts: 213,926

    Genesis 2022 GV70 AWD 2.5 Base (no option packages)….

    Does the base model have a different MF/RV?

    3 year/ 30K miles…

    Zip 77056

    Thanks for all your assistance! 👍

    All 2.5 models have the same numbers

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  • somecheapguysomecheapguy Member Posts: 2
    edited May 2022
    2022 GV70 2.5T AWD Advanced

    10k miles/36 months
    12k miles/36 months


    ZIP 07430

    And hey, when negotiating with any salesperson, is it okay to mention these metrics? Or is it pretentious and counterintuitive?
  • MichaellMichaell ColoradoModerator Posts: 215,433

    2022 GV70 2.5T AWD Advanced

    10k miles/36 months
    12k miles/36 months


    ZIP 07430

    And hey, when negotiating with any salesperson, is it okay to mention these metrics? Or is it pretentious and counterintuitive?

    36/12
    .00171 MF and 55% residual

    The residual is fixed by the bank, and the dealer cannot change it.

    The MF, however, can be marked up by the dealer (and likely will be, given this market). With the short inventory levels, I'm not sure there is much you can do about it.

    To answer your question, just tell them you know the MF is marked up (if in fact it is), without telling them the specific numbers.

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  • Willow1308Willow1308 Member Posts: 23

    2022 Genesis GV70 with Select PKG…

    36 months/10K miles…

    Zip 77056

    Has the MF & RV changed for June?

    As always… I greatly appreciate the assistance! 🤗

    Randy

  • kyfdxkyfdx Moderator Posts: 213,926

    2022 Genesis GV70 with Select PKG…

    36 months/10K miles…

    Zip 77056

    Has the MF & RV changed for June?

    As always… I greatly appreciate the assistance! 🤗

    Randy

    2.5 or 3.5?

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  • Willow1308Willow1308 Member Posts: 23

    I’m sorry I left that out…

    It’s a 2022 Genesis GV70 2.5T…

    Thanks!

  • MichaellMichaell ColoradoModerator Posts: 215,433

    2022 Genesis GV70 with Select PKG…

    36 months/10K miles…

    Zip 77056

    Has the MF & RV changed for June?

    As always… I greatly appreciate the assistance! 🤗

    Randy

    I’m sorry I left that out…

    It’s a 2022 Genesis GV70 2.5T…

    Thanks!

    .00171 MF and 56% RV
    No lease incentives

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  • Bobbs0823Bobbs0823 27410Member Posts: 27
    Looking for current MF and Residual for the GV70.

    Zip - 27410
    Mileage\Term - 36\12

    Models
    2.5 AWD Standard
    2.5 AWD Advanced
  • bmathias619bmathias619 Member Posts: 25
    Looking for MF and RV for GV70

    Zip:
    06830

    Mileage + Term:
    36 + 7.5K
    36 + 10K

    Model:
    3.5T AWD Sport Prestige

    As always, thanks so much for the assistance!
  • MichaellMichaell ColoradoModerator Posts: 215,433
    Bobbs0823 said:

    Looking for current MF and Residual for the GV70.

    Zip - 27410
    Mileage\Term - 36\12

    Models
    2.5 AWD Standard
    2.5 AWD Advanced

    .00171 and 55%
    All trims

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  • MichaellMichaell ColoradoModerator Posts: 215,433

    Looking for MF and RV for GV70

    Zip:
    06830

    Mileage + Term:
    36 + 7.5K
    36 + 10K

    Model:
    3.5T AWD Sport Prestige

    As always, thanks so much for the assistance!

    36/10
    .00064 and 55%

    Edmunds Price Checker
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  • bmathias619bmathias619 Member Posts: 25
    Michaell said:

    Looking for MF and RV for GV70

    Zip:
    06830

    Mileage + Term:
    36 + 7.5K
    36 + 10K

    Model:
    3.5T AWD Sport Prestige

    As always, thanks so much for the assistance!

    36/10
    .00064 and 55%
    THANK YOU!
  • Joel_lugot44Joel_lugot44 33035Member Posts: 15

    Hello, can I please get numbers for 2022 Genesis GV70 2.5T? I’m looking for RV, MF, and incentives for 33196.
    36m/12k
    36m/15k

    Thank you!

  • MichaellMichaell ColoradoModerator Posts: 215,433

    Hello, can I please get numbers for 2022 Genesis GV70 2.5T? I’m looking for RV, MF, and incentives for 33196.

    36m/12k

    36m/15k

    Thank you!

    36/15
    .00171 and 53%
    No lease incentives

    Edmunds Price Checker
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  • VanceDonovanVanceDonovan Member Posts: 6
    May I please obtain the RV, MF and any incentives for a 2022 Genesis GV70 2.5T for zip code 72223 for 36m / 12K. Thank you in advance.

    Warm regards
    Vance
  • MichaellMichaell ColoradoModerator Posts: 215,433

    May I please obtain the RV, MF and any incentives for a 2022 Genesis GV70 2.5T for zip code 72223 for 36m / 12K. Thank you in advance.

    Warm regards
    Vance

    .00171 MF and 55% RV
    No lease incentives

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