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Hyundai Genesis Lease Questions
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I am looking for the new leasing numbers on the v6 with premium and 15000 miles. It is my understanding that the program changed on 2/2/09. What is the new residual value and money factor? Thanks for any help you can provide.
When negotiating your lease on this car, make sure to take the $1,250 cash incentive that Hyundai is currently providing on leases off it into account.
Car_man
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When negotiating your lease on this car, make sure to take the $1,000 cash incentive that is available on it into account.
Car_man
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Thanks for the info on the the Genesis leases. I am interested in leasing the V8 from Champion Hyundai in Houston, TX. I entered my zip (77581) in the "special offers" section on www.hyundaiusa.com and the special offer of $399.m for 27 months is offered. However, via email, the dealership is telling me that Hyundai is offering the whole country except the SE Region this deal and he then mentioned the low APR purchase rates. It sound like fishy to me as it contradicts their website. Do you have any insight on this?
Thanks!
The local Hyundai dealer offered me this deal ... not sure about it though ....
2009 Hyundai Genisis V6 with premium and technology package
MSRP: $40,000
Cap cost: $37,223
Due at signing: $0.00
550 + tax per month
We walked on the deal because I wasn't prepared to buy a Hyundai and didn't have time to do any research.
of the 2599 419 is 1st payment, 2180 is cap cost reduction
0.00 security deposit.
money factor for the v6 or the v8 is 0.00015
for tier one credit.
27 month lease 2599 due,
419 plus tax
Thank you
While I love the car, the last 29 months has proven than I really don't need a 4-door large sedan now, let alone a slightly larger 4-door like the Genesis. I am however interested in the just now starting to arrive Genesis Coupe.
Here is the telephone exchange with a "customer service" rep. at HMFC Fountain Valley, CA:
1. If I purchase, can I finance with HMFC? "No, we want cashiers check in full"
2. I am interested in the new Hyundai Coupe but a reasonable selection won't be available locally by middle of April. Can I extend the current lease in anticipation of leasing or buying the new Coupe? "No, purchase or turn it in by the date specified on the lease contract"
3. Are you sure about that? "Yes"
One would think if a consumer is dropping off a lease return to the dealer, the manufacturer, and certainly the dealer would want that consumer to leave the dealer in a new vehicle of the same brand. I believe it's referred to as "loyalty".
I think you may have better luck if you work thru your dealer. They are hungry for business.
One would think so but in my case, the dealer that originated the lease is out of business. The dual brand dealer that has been servicing my Azera since probably doesn't know my lease is about to terminate, otherwise I am sure they would be hounding me.
MSRP: $42,000
selling price: $39650
Net Cap cost : $38,400 ($39650 minus $1250 Hyundai lease incentive)
Residual: 47%
Money Factor: 0.00090
Monthly payment is $570.66 a month plus sales tax.
$1200 due at signing, which covers 1st month payment, tag, title and typical dealer fees
Thinking about pulling the trigger, but I am a little apprehensive about the residual and money factor quotes.
Anybody have any advice?
Afterwards, the dealer from my above post called and I told him thanks for working with me, but I decided to get the car at another place. Without even asking for a counter offer, he put the sales manager on the phone, and I was offered $1100 down and $551 a month plus tax.
Here is the final numbers:
Model: V-8 with tech package on a 36 month, 12k mile per year
MSRP: $42,000
selling price: $39000
Net Cap cost : $37,500 ($39000 minus $1250 Hyundai lease incentive)
Residual: 47%
Money Factor: 0.00090
Monthly payment is $552 a month plus sales tax.
$1100 due at signing, which covers 1st month payment, tag, title and typical dealer fees.
I am sure the dealers here will make this deal again if you were interested in driving up here.
MSRP=$40,000
Total Monthly Payment $488 for 36 months with Sales Tax included. $2500 down which includes first months Payment and the $595.00 acq. fee Dealer fees etc.. The deal included the $1000.00 Rebate Hyundai is offering on the V6. I think its a good deal for the car quality. What do you guys think?
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I am looking to lease a Genesis V8 after testing driving one yesterday.
Does anyone know what the best monthly lease payment out there?
I have heard around $500?
Anyone have any suggestions?
Thanks!
Car_man
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Appreciate your help. (Looking to lease a 3.8 for 36 months with 15K... What do you think is a fair price - with the PREMIUM PACKAGE)?
t8935x
It's a 3.8 with Prem. plus package. Got it for $2500 down and 435 and month INC. TAXES.
Thought this a pretty good deal.
Tom
My lease is for 15K per year.
Can you please tell me if yours was a V6 with Tech Pkg or not and from which dealer you got this deal.
Thanks for your help.
I looked up the numbers for a V8 Tech Package. They were $39,354 for the True Market Value and $42,000 for the MSRP. The mileage allowance I need is 12,000 miles. It would be great if you could work up a payment for me!
Thanks so much.
Leased from Cocoa Hyundai, Cocoa fl.
Hope this helps.
Tom
Check them out and ust us know if you have any other questions.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Excellent site, i just came back from the NY Auto Show and sat in the new 2009 Genesis and loved it. I have scheduled some test drives and i want to go in with enough info to negotiate properly. To that end, i am interested in leasing the 2009 Genesis 3.8L with technology package for either 39, 36, 27, or 24 months if available, can you provide me the current leasing details on all scenario? Also, i saw online there are some independent leasing companies who provide car leasing outside of the car companies. Have you heard about these companies and are they a viable option for car leasing? Thanks boss!!!!
I just leased a v 6 tech package from a hyundai dealer for a 36 month lease with $2500.00 down and a $488 a month payment. That was lease in March 2009. The residual value is 49%, money factor .00016, and Hyundai is offering a $1000.00 rebate on the v6. msrp on the car was $40,100. The 2500 included the first month payment and Acq fee of $595.00. Good luck with your deal.
1. What was the sales price for your lease?
2. How many miles did you get 12K, 15K???
3. Was your taxes included in the lease or did you pay at signing?
CPAMAN
Adjusted Cap Cost.
2) 12,000
3) Yes...Tax Included.. All fees included..
CPAMAN
MSRP - 40,100
Sales price - 37,693
Money Factor - .0006
36 Months
Residual - 49%
Cap Cost Reduction - 2,200
Rebate - 1,000
Payment - $462
If i get the 3.8 without tech package:
MSRP - 34,000
Sales Price - 29,546
Payment - $311
I am going for a test drive this weekend, i'm not sure about the MSRP, i will work on talking that down, otherwise these deals looks great, am i missing something cuz it looks a little too good to be true.
CPAMAN
For the basic car at 311...I think thats good too... But i wanted all the bells and whistles. so I went with the loaded car. I didnt deal on a basic car. so not sure on that payment.
There is also a premium package you can price out. with some goodies on the car.
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
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Quick question, how do you calculate the sales tax on car leases if you want to pay the tax up front. Do you pay tax only on the total lease payments?? Do you also include tax on the cap cost reductions (downpayments and/or trade in)? I am about to seal the deal on my lease and when i tried to recalculate the sales tax it didn't add up. The total lease payments come to $13,658.68 and the sales tax in NY is 8.375%, so the amount i come to is $1,144, the amount the dealership quoted me is $1,644.52 which is about $500 difference, please response as soon as possible i need to give them an answer by Monday. Thanks for your help
CPAMAN
Anyone know dealers in southFlorida that are willing to match ?
Thanks
3.8 Silver/black interior, wing badges
$515 including taxes
$2500 down payment including 1st month
36 month lease.
49% residual
15,000 miles per year
$19,280 to buy at the end of 36 months
I think the $19,280 would seem quite reasonable for this car in 3 years if I keep with in the mileage. If the Genesis catches on like it has then I would think that this car will be worth low to mid 20's depending on condition and wear and tear. A first for Hyundai.
Hope this helps.
Was that a v6 with tech package? Sounds like a great deal.