Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
2016 Hyundai Genesis Lease Questions
SpineDoc777
Member Posts: 7
Putting out some feelers and this is one of the responses I got. It's a starting point, what do you guys think? Where can I haggle with them. I don't mind a high residual as I'll drive it and give it back in 3 years, I plan on leasing forever and am more concerned with the monthly payment. It's interesting, many dealers run away when I ask them for these numbers and it's like pulling teeth. This is for NJ. I also can get some extra rebates as I have an Audi for the conquest rebate OR I also lease a 2016 sonata for my wife for the loyalty rebate, too bad they don't stack from what I understand.
I believe I can get the MSRP down 2k or so, the MF seems to be decent. I'd prefer the residual was higher to lower my payment though.
2016 Hyundai Genesis White with Black Interior Signature Package only.
12k/year 36month lease
Vehicle Price: $43,094
Incentives: $2,500 Lease Cash
Cap cost reductions (please break down):
Customer cap cost reduction: Assuming I put down $2000
Net cap cost: $41,975
Residual %: .56
Money Factor: .00110
TTL: Tax $1500.31 ($7.50 NJ State Tire Tax $37.50 = 5 x $7.50 4 Tires + Spare )
Motor Vehicle (estimated) $400 -- If MV cost is less than $400 we will refund the left over funds.
Any additional fees such as documentation, etc, please break down):
DOC Fee $338
Monthly fee: $541.06 All information based on Tier 1 Approval
FYI - there is an Additional Competitive/Valued owner Incentive that I have not included but wanted to make you aware of. This Incentive is based on what you are currently driving. If you qualify there is additional savings available to you.
I believe I can get the MSRP down 2k or so, the MF seems to be decent. I'd prefer the residual was higher to lower my payment though.
2016 Hyundai Genesis White with Black Interior Signature Package only.
12k/year 36month lease
Vehicle Price: $43,094
Incentives: $2,500 Lease Cash
Cap cost reductions (please break down):
Customer cap cost reduction: Assuming I put down $2000
Net cap cost: $41,975
Residual %: .56
Money Factor: .00110
TTL: Tax $1500.31 ($7.50 NJ State Tire Tax $37.50 = 5 x $7.50 4 Tires + Spare )
Motor Vehicle (estimated) $400 -- If MV cost is less than $400 we will refund the left over funds.
Any additional fees such as documentation, etc, please break down):
DOC Fee $338
Monthly fee: $541.06 All information based on Tier 1 Approval
FYI - there is an Additional Competitive/Valued owner Incentive that I have not included but wanted to make you aware of. This Incentive is based on what you are currently driving. If you qualify there is additional savings available to you.
Tagged:
1
Comments
We could check the calculations, if you give us the MSRP
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2016 Genesis AWD with signature package
MSRP 45769
agreed on price 40,769
MF 00046
Residual 58%
With 2k down $400/month, with nothing down $454/month. No other fees/charges. I forgot to ask about MSDs.
But what is confusing the heck out of me is the 2015 GS350 I test drove that isn't much more expensive.
2015 GS350 AWD with F Sport package, it's a demo and has 1,000 miles on it
MSRP 58,727
We didn't formally agree on a price, but the dealer cost was about 55k and they seemed ameniable to applying an existing 4500 lease cash against that, so I'm assuming around 51k.
MF 00049
Residual 56%
With 3k down $409/mo, with nothing down $500/mo. With 6 MSD's (they ballparked about $2800) that would lower the payment about $28.
Man what a freakin hard decision. The Lexus is MUCH tighter and a much better handling/driving car IMO, but the Genesis is much comfier and has more options, but man the steering is very sloppy.
What do you guys think? The Lexus is one year older, 1k miles older, is the wrong color but will probably have a much better resale value, which doesn't matter since it's a lease unless I decide to buy it. I just hope the Genesis deal is decent.
Edmunds Price Checker
Edmunds Lease Calculator
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
FWIW, my Elantra GT has the adjustable steering feel as well.
Edmunds Price Checker
Edmunds Lease Calculator
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
Also the dealer stated Hyundai financing did not accept Multiple Security Deposits. Any idea if that is true? I'm going to ask the f inance manager this week, but just wanted to go in armed with information.
Edmunds Price Checker
Edmunds Lease Calculator
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
I live in NJ (Edison)
Where did you go to get that deal??
Thank you!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I will see if I can make a deal on a new Genny at the end of the month.
Thanks again kyfdx!!
No info on conquest cash.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
http://forums.edmunds.com/discussion/18992/hyundai/genesis/2015-hyundai-genesis-lease-questions#latest
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Please tell me what you think of this deal on a 2016 Genesis 3.8 RWD with Signature pkg.
Black with black int
12K per yr 36 mo
Pmt of $476 per month with only 2 pmts down for a total of $952 due at signing
Waiting to hear back on what the residual is and money factor
Thanks for your help
Need to know the MSRP and CAP cost to check the calculations
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Sticker MSRP is $43,900 and amount financed on lease is $38,800
$476/mo seems high - what state and tax rate is this?
Edmunds Price Checker
Edmunds Lease Calculator
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
2016 Genesis 3.8 AWD, Signature Package, Empire State Gray, Black Leather
36 month lease / 12,000 miles per year
MSRP: $46,245
Purchase Price: $42,229
Minus Rebates: $3,000 lease cash, $1,000 conquest, $500 dealer coupon
Plus Fees: Sales Tax on rebates: $315, Doc. Fee: $199, Title & Tire Tax, $45.25
$410 per month(including 7% Indiana sales tax)first month payment only due at signing.
Thanks again for all of the lease rate info.!!
Edmunds Price Checker
Edmunds Lease Calculator
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
payment to $445
Alabama sales tax
Edmunds Price Checker
Edmunds Lease Calculator
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
do better on mine too. Thanks for all the good input. It is so helpful to someone like me that is not versed in all the ins & outs of leasing a Genesis
Edmunds Price Checker
Edmunds Lease Calculator
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
I'm talking to a dealer on leasing 2016 Genesis 3.8L RWD with Signature Package. The following are the details on the quoted lease :
MSRP : $43,780
Cap Cost : $40,820 (includes Bank Fee and After MKT)
Rebates : $3000 Lease Cash, $1000 Coupon
MF : 0.00112
Residual : 57% (36 months)
Mileage Limit : 10K miles/year
Downpayment : $2000 (includes first month's payment, Tax on rebates, Doc fee, DMV fee, around 680 towards net cap)
Monthly Payments : $380 + Tax
Could you please tell me if this is a good deal ?
Thanks in advance !!
If I assume the net cap cost is $36,820, I get $357/mo + tax when I use the base MF.
Edmunds Price Checker
Edmunds Lease Calculator
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
I was told I would be falling in Tier 4. That's the reason the dealer gave me MF of 0.00112. For Tier 1, it seems it is 0.00085, which is higher than what you indicated. Are the MF and Residuals fixed by the manufacturer or is it possible to negotiate on them ? Please let me know.
Might be time to start working with another dealer.
Edmunds Price Checker
Edmunds Lease Calculator
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
In SoCal, looking to lease a 2016 Genesis Tech, metallic gray or silver/black, 15K miles/year for 36 months with minimal driveoffs and minimal dealer add-ons, top tier credit, probably no trade.
Numbers and incentives please? Go now, or wait? Thank you sirs and mesdames!
Edmunds Price Checker
Edmunds Lease Calculator
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
Edmunds Price Checker
Edmunds Lease Calculator
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
Not as good. 48% and .00130. $3500 lease cash.
Edmunds Price Checker
Edmunds Lease Calculator
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
Does Hyundai have a fixed "bank fee" or "acquisition fee"? Or a lease-end vehicle return fee? It helps to be prepared for dealer games.
Does Hyundai have a fixed "bank fee" or "acquisition fee"? Or a lease-end vehicle return fee? It helps to be prepared for dealer games.
Acquisition fee is $595. Lease end fee is something like $350-400
Edmunds Price Checker
Edmunds Lease Calculator
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
36 month/15K miles
Cap cost $39,900, MSRP $47,245
Drives $1300 (Acq fee, DMV, doc, 1st pmt)
$454/mo plus tax
Includes $3K lease cash, $1K Conquest, $100 affinity
Residual 54%, MF .00045
I think that dog will hunt! Looks like there's a hidden incentive or they're digging into the holdback. Many thanks to @Michaell
Edmunds Price Checker
Edmunds Lease Calculator
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
Nowhere to hide when the math doesn't work out.
Keep us posted!
Edmunds Price Checker
Edmunds Lease Calculator
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
MSRP $47,230
Cap cost $40,230 after $4K rebates (rebates are taxed in CA!)
Residual $25,504 (54%)
MF .00045 = 1.08%
$439/month plus 9% tax
Drive-offs $1300
What a ride. Love this Genny already!! @Michaell and Edmunds, you are the bomb.
Edmunds Price Checker
Edmunds Lease Calculator
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
2016 rwd with signature package
Gross cap 40802
adjusted cap 37502
Residual 25833.15
finance factor .00038
7% sales tax
Base 366.04+25.62= 391.62
Title fees 26
Rent charge 24.31
Gap insurance included
acq fee 595
tire tax 1.25
depreciation 12302.60
I am not sure if I am missing anything still really new to this.
This info was in original email, then I asked more pointed questions above. I am not sure if this info helps.
Sales Price $40,802
Doc Fee 199
Acq Fee 595
title Fee 26
tire tax 1.25
Gross Cap Cost $41,623.25
Taxes on rebates 262.50
Rebates (3,750)
NET CAP Cost $38,135.75