2016 Hyundai Genesis Lease Questions

volnedan · May 2016

Thanks. Detroit area dealers are allowing Employee discount pricing, and including a 24mo/12k term with it. However, the dealers I've spoken to so far are not willing to provide this information. I like walking in with a loaded gun, ifyaknowwhatimean.

Michaell · May 2016

volnedan said:
Thanks. Detroit area dealers are allowing Employee discount pricing, and including a 24mo/12k term with it. However, the dealers I've spoken to so far are not willing to provide this information. I like walking in with a loaded gun, ifyaknowwhatimean.

Sorry, if a 24 month program is available, it's a local program and we don't have any numbers for it.

klnmcmg · May 2016

MF and RV for 3.8 RWD, 36/15 in NC?

Michaell · May 2016

klnmcmg said:
MF and RV for 3.8 RWD, 36/15 in NC?

.00017 and 54%. $3500 lease cash.

mrenadette1 · May 2016

I'd appreciate incentives as well as MF and RV for 36 months in the Boston area

3.8 AWD Ultimate 15K and 20K/year

3.8 AWD Tech 15K and 20K/year

Thanks!

Michaell · May 2016

mrenadette1 said:
I'd appreciate incentives as well as MF and RV for 36 months in the Boston area

3.8 AWD Ultimate 15K and 20K/year

3.8 AWD Tech 15K and 20K/year

Thanks!

Numbers are the same, regardless of package.

36/15 - .00035 and 55%. $3500 lease cash.

Extra miles are purchased up front, at a rate of .15-.25 per mile, deducted from the calculated residual.

danilopombo · May 2016

Hello, I will like to know MF, RV and lease cash for a 16 Genesis 3.8 RWD tech and ultimate 36/12 in FL, Miami area?

Michaell · May 2016

danilopombo said:
Hello, I will like to know MF, RV and lease cash for a 16 Genesis 3.8 RWD tech and ultimate 36/12 in FL, Miami area?

.00017 and 56%. $3500 lease cash.

danilopombo · May 2016

Michaell said:

danilopombo said:
Hello, I will like to know MF, RV and lease cash for a 16 Genesis 3.8 RWD tech and ultimate 36/12 in FL, Miami area?
.00017 and 56%. $3500 lease cash.

Thank you Michaell

mrenadette1 · May 2016

Michaell said:

mrenadette1 said:
I'd appreciate incentives as well as MF and RV for 36 months in the Boston area

3.8 AWD Ultimate 15K and 20K/year

3.8 AWD Tech 15K and 20K/year

Thanks!
Numbers are the same, regardless of package.

36/15 - .00035 and 55%. $3500 lease cash.

Extra miles are purchased up front, at a rate of .15-.25 per mile, deducted from the calculated residual.

Michaell: What determines which value between .15 and .25 is used?

Thanks again!

Michaell · May 2016

mrenadette1 said:

Michaell said:

mrenadette1 said:
I'd appreciate incentives as well as MF and RV for 36 months in the Boston area

3.8 AWD Ultimate 15K and 20K/year

3.8 AWD Tech 15K and 20K/year

Thanks!
Numbers are the same, regardless of package.

36/15 - .00035 and 55%. $3500 lease cash.

Extra miles are purchased up front, at a rate of .15-.25 per mile, deducted from the calculated residual.
Michaell: What determines which value between .15 and .25 is used?

Thanks again!

It's not a determination .. it's a guess. We don't know the actual value, but that's the range from other brands.

mdubdroid3 · May 2016

can you confirm #s for bay area? on RWD 36/12, is it 57% and .00035 with 3500 lease cash + 1k conquest? thanks!

Michaell · May 2016

mdubdroid3 said:
can you confirm #s for bay area? on RWD 36/12, is it 57% and .00035 with 3500 lease cash + 1k conquest? thanks!

.00017 and 56%. $3500 lease cash.

vgupta_98 · May 2016

For Detroit Area residents the are running the employee pricing. Just leased a Genesis AWD with Signature and Tech Package (approx MSRP $49,800) on a 3 yr / 30K lease on sign and drive ($0) for $389.00 (tax included).

mjones6425 · May 2016

Is this a decent deal on 2016 Genesis Signature and Tech packages?
I live in NJ, dealer is in NY but knows I'm in NJ (7.0% sales tax)

MSRP $49,745.00
Residual % 57%
Money Factor 0.00035
Term 36

Cap Cost $41,057 after bonus lease cash
Residual Amt $28,354

Monthly Payment $385.97

Michaell · May 2016

mjones6425 said:
Is this a decent deal on 2016 Genesis Signature and Tech packages?
I live in NJ, dealer is in NY but knows I'm in NJ (7.0% sales tax)

MSRP $49,745.00
Residual % 57%
Money Factor 0.00035
Term 36

Cap Cost $41,057 after bonus lease cash
Residual Amt $28,354

Monthly Payment $385.97

I get $377/mo with those numbers.

Are you paying the taxes and fees up front?

mjones6425 · May 2016

I forgot to add I would be paying $1,997 down, plus NJ taxes, DMV, bank fee and 1st month's lease payment at pick up.

Michaell · May 2016

mjones6425 said:
I forgot to add I would be paying $1,997 down, plus NJ taxes, DMV, bank fee and 1st month's lease payment at pick up.

So, only $9/mo difference, or about $325 over the life of the lease.

kardon1 · May 2016

What are the numbers for a 2016 genesis 3.8 AWD 36/15k lease in MA. Thanks!

kyfdx · May 2016

kardon1 said:
What are the numbers for a 2016 genesis 3.8 AWD 36/15k lease in MA. Thanks!

.00035 MF and 55% residual. $3500 lease cash.

enthusiastdre · May 2016

kyfdx said:

kardon1 said:
What are the numbers for a 2016 genesis 3.8 AWD 36/15k lease in MA. Thanks!
.00035 MF and 55% residual. $3500 lease cash.

Are Hyundai numbers national? Could you post 36m/12k numbers for a 3.8 RWD (Base) in So. Cal? Thanks!

Michaell · May 2016

enthusiastdre said:

kyfdx said:

kardon1 said:
What are the numbers for a 2016 genesis 3.8 AWD 36/15k lease in MA. Thanks!
.00035 MF and 55% residual. $3500 lease cash.
Are Hyundai numbers national? Could you post 36m/12k numbers for a 3.8 RWD (Base) in So. Cal? Thanks!

So far as we can tell, the Hyundai numbers are national.

.00017 and 56%. $3500 lease cash.

danilopombo · May 2016

Hello, I have a tuff question. How lease cash works?
I have a few dealers near me offering sales prices on various 2016 Genesis and I’m going to put one example:
2016 3.8 RWD Genesis with Tech package:
MSRP: $47,450
Sale Price at the website: $44,570
Should dealer have to apply lease cash of $3,500 as Cap Cost Reduction?
Then Cap Cost should be: $41,250 + all other fees like acquisition, dealer documents, etc right?
Thanks in advance for your response.

Michaell · May 2016

danilopombo said:
Hello, I have a tuff question. How lease cash works?
I have a few dealers near me offering sales prices on various 2016 Genesis and I’m going to put one example:
2016 3.8 RWD Genesis with Tech package:
MSRP: $47,450
Sale Price at the website: $44,570
Should dealer have to apply lease cash of $3,500 as Cap Cost Reduction?
Then Cap Cost should be: $41,250 + all other fees like acquisition, dealer documents, etc right?
Thanks in advance for your response.

Yes, the lease cash can be used to either lower the cap cost or to offset the up front costs of the lease (bank fee, first payment, dealer fee, etc.).

danilopombo · May 2016

Thanks Michaell

leaseguy3 · May 2016

Can I get the following for Nevada for a 16 genesis with all 3 packages:

36/15 RWD and AWD
36/12 RWD and AWD
Lease Cash offers

Thank you!

kyfdx · May 2016

leaseguy3 said:
Can I get the following for Nevada for a 16 genesis with all 3 packages:

36/15 RWD and AWD
36/12 RWD and AWD
Lease Cash offers

Thank you!

V6 RWD:
.00017 MF and 54%/56% residual

V6 AWD:
.00035 MF and 55%/57% residual

$3500 lease cash on either.

edgeskeez · May 2016

Hi,

Can you please tell me the MF and residual for 3.8 rwd and awd for 36/15?

Is a 24/15 possible?

edgeskeez · May 2016

Forgot to mention for southern california los angeles. Sorry

Michaell · May 2016

edgeskeez said:
Hi,

Can you please tell me the MF and residual for 3.8 rwd and awd for 36/15?

Is a 24/15 possible?

edgeskeez said:
Forgot to mention for southern california los angeles. Sorry

Hyundai does not offer a 24 month lease program.

RWD - .00017 and 54%
AWD - .00035 and 55%

$3500 lease cash

rsazman · May 2016

Just leased a 2016 base RWD Genesis with everything rolled in and the dealer cutting me a check for the final 3 payments on my existing Genesis lease ($1,143):

MSRP: 39,900
"Sale" Price: 30,900 (includes $3,500 lease cash, $2,500 in $500 "certificates", and dealer discount)
Adj. Cap: 33,080.51
Mo. Payment: $346.41 ($318.97+$27.44 AZ tax)

rsazman · May 2016

10K mi/yr.

Michaell · May 2016

rsazman said:
Just leased a 2016 base RWD Genesis with everything rolled in and the dealer cutting me a check for the final 3 payments on my existing Genesis lease ($1,143):

MSRP: 39,900
"Sale" Price: 30,900 (includes $3,500 lease cash, $2,500 in $500 "certificates", and dealer discount)
Adj. Cap: 33,080.51
Mo. Payment: $346.41 ($318.97+$27.44 AZ tax)

rsazman said:
10K mi/yr.

Nice deal! Congrats and thanks for sharing your deal details with us.

leaseguy3 · May 2016

rsazman said:
Just leased a 2016 base RWD Genesis with everything rolled in and the dealer cutting me a check for the final 3 payments on my existing Genesis lease ($1,143):

MSRP: 39,900
"Sale" Price: 30,900 (includes $3,500 lease cash, $2,500 in $500 "certificates", and dealer discount)
Adj. Cap: 33,080.51
Mo. Payment: $346.41 ($318.97+$27.44 AZ tax)

Do you have any information on the "certificates" so I can use them on my deal? Are they the AAA, Military, College Grad and Uber driver incentives? How did you provide proof for all of those things? Any help is GREATLY appreciated!

rsazman · May 2016

As I understand it, dealers can earn up to five $500 "certificates" per Genesis sold the prior month to be divvied up as they see fit. But, so long as I was getting the deal I wanted, I really didn't push for details. Good luck.

mdubdroid3 · May 2016

Michaell said:

can you confirm #s for bay area? on RWD 36/12, is it 57% and .00035 with 3500 lease cash + 1k conquest? thanks!
.00017 and 56%. $3500 lease cash.

Can I please get AWD #s as well?thanks!

paulsuh · May 2016

Thanks for all the info. on how to lease Gensis.

Just leased last Thursday 2016 Genesis 3.8 RWD Signature Package 12,000 mile
$3,000 OTD / Little less than $300.00 for monthly payment (include OC@California Tax)

I got lot of technical tips from this Forum. Thank You~

Michaell · May 2016

mdubdroid3 said:

Michaell said:

mdubdroid3 said:
can you confirm #s for bay area? on RWD 36/12, is it 57% and .00035 with 3500 lease cash + 1k conquest? thanks!
.00017 and 56%. $3500 lease cash.

Can I please get AWD #s as well?thanks!

.00035 and 57%. Same lease cash.

[Deleted User] · May 2016

So, this assessment may be loaded with extraneous information, but it was my situation and so I thought I'd share it. I had a 2013 Genesis 3.8 Signature package with 18K miles and moderate hail damage. I saw an ad at a metro Denver Hyundai dealership for a base model 2016 Genesis 3.8 AWD ($42K MSRP) leasing at $294/mo + tax, no down, only first month's payment due. [Adding 8% tax that's about $318/mo, 10K per year, a steal.] I wanted a signature package ($46.5K MSRP) and figured that would be about $50/mo more [or about $344 plus tax = $371.50] all other things being relatively equal. Several prior inquiries and research into the value of my 2013 Genny indicated that I was about $21-22K upside down! (A long story.) And that was having the hail fixed before I traded. So, I was trepidacious at best.

This dealership, from whom I had purchased the 2013 a couple of years ago (new, but having sat on the lot for a year), didn't blink an eye at the hail, and started to work on a lease. After some back and forth, I agreed upon $999/mo including tax, no down, only first month's due, 36 months, 10K. I figured with the hail damage I was at least $22,500 upside down. Divided by 36 months, that alone is $625/mo, which leaves lease payment at $374.

Of course the lease agreement numbers are all over the map and can hardly be deciphered in order to give you readers real numbers. Still, to get a 2016 Genesis 3.8 AWD Signature (Parisian Gray over black) for well under $400/mo including tax is a great deal. I figured there had to have been a $12-13K cap cost reduction involved in this transaction when all was said and done. Plus, having an estimate on my hail damage ($2700), minus my $1000 deductible, I received a check from the insurance company for $1700 to help out!

Why I did this in the first place is a long story for another forum.

[Deleted User] · May 2016

Forgot to mention: I, too, was told about "coupons" or dealer certificates that were being used to make my deal happen. I heard "five or six" mentioned but with no further specificity. So, let's say six were used: $3000, $3500 leasing cash, $1000 loyalty...the dealership was already advertising over $7000 off on 3.8 AWDs. That, along with the excellent information provided by Michaell, should give us a clue as to what Hyundai dealerships are able to do on these magnificent cars. They're buttering us up for the Genesis brand separation! Fine by me.

kyfdx · May 2016

paulsuh said:
Thanks for all the info. on how to lease Gensis.

Just leased last Thursday 2016 Genesis 3.8 RWD Signature Package 12,000 mile
$3,000 OTD / Little less than $300.00 for monthly payment (include OC@California Tax)

I got lot of technical tips from this Forum. Thank You~

Congrats on the new Genesis!

mdubdroid3 · May 2016

thanks for all the help!! just picked up a 2016 3.8 RWD Genesis w/Signature Pkg with 36/12, $0 down, $0 @ signing (all fees/taxes rolled in), w/excess wear & tear warranty for $400/mth.

Michaell · May 2016

mdubdroid3 said:
thanks for all the help!! just picked up a 2016 3.8 RWD Genesis w/Signature Pkg with 36/12, $0 down, $0 @ signing (all fees/taxes rolled in), w/excess wear & tear warranty for $400/mth.

Excellent! Thanks for checking in.

Enjoy your new Hyundai.

johndoeii · May 2016

California, I just got a $50,800 msrp Genesis 3.8 RWD Ultimate with a few additional options (cargo, first aid), 12k miles a year, 36 months, 0 down (including first month paid and taxes), $375 a month. Did I get a good deal?

mrenadette1 · May 2016

Just wanted to post my deal. 2016 Genesis 3.8 AWD with Tech package.

I qualified for competitive discount ($1000), Uber driver $1000 (takes less than 10 days to get your "license") and $500 Boost Up match.

MSRP $49,700
$445 a month 36 months 20,000 miles per year
No sales tax in NH!
$945 due at sign (first and $500 down)
$39,837 cap cost
money factor .00035
55% residual
buy out $27,335

Michaell · May 2016

johndoeii said:
California, I just got a $50,800 msrp Genesis 3.8 RWD Ultimate with a few additional options (cargo, first aid), 12k miles a year, 36 months, 0 down (including first month paid and taxes), $375 a month. Did I get a good deal?

On the surface, I'd say yes.

How much total out of pocket was there at signing?

johndoeii · May 2016

Michaell said:

johndoeii said:
California, I just got a $50,800 msrp Genesis 3.8 RWD Ultimate with a few additional options (cargo, first aid), 12k miles a year, 36 months, 0 down (including first month paid and taxes), $375 a month. Did I get a good deal?
On the surface, I'd say yes.

How much total out of pocket was there at signing?

Zero out of pocket at signing. They paid for my first month, and all fees, registration, etc. were rolled into the $375 a month fee.

Michaell · May 2016

johndoeii said:

Michaell said:

johndoeii said:
California, I just got a $50,800 msrp Genesis 3.8 RWD Ultimate with a few additional options (cargo, first aid), 12k miles a year, 36 months, 0 down (including first month paid and taxes), $375 a month. Did I get a good deal?
On the surface, I'd say yes.

How much total out of pocket was there at signing?
Zero out of pocket at signing. They paid for my first month, and all fees, registration, etc. were rolled into the $375 a month fee.

Holy cow.

Better than a good deal, if there was $0 out of pocket, and everything was rolled into the payment.

mrenadette1 · May 2016

mrenadette1 said:
Just wanted to post my deal. 2016 Genesis 3.8 AWD with Tech package.

I qualified for competitive discount ($1000), Uber driver $1000 (takes less than 10 days to get your "license") and $500 Boost Up match.

MSRP $49,700
$445 a month 36 months 20,000 miles per year
No sales tax in NH!
$945 due at sign (first and $500 down)
$39,837 cap cost
money factor .00035
55% residual
buy out $27,335

Updated on my deal. Uber Driver Discount doesn't apply to lease so my payment is $475. Still very happy with the deal.

buyforless · May 2016

johndoeii said:

Michaell said:

johndoeii said:
California, I just got a $50,800 msrp Genesis 3.8 RWD Ultimate with a few additional options (cargo, first aid), 12k miles a year, 36 months, 0 down (including first month paid and taxes), $375 a month. Did I get a good deal?
On the surface, I'd say yes.

How much total out of pocket was there at signing?
Zero out of pocket at signing. They paid for my first month, and all fees, registration, etc. were rolled into the $375 a month fee.

375+ CA tax? or is the $375 including tax

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