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

MacioMacio Member Posts: 45
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!
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  • kyfdxkyfdx Moderator Posts: 237,100
    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

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  • MacioMacio Member Posts: 45
    Quick question: for 2019 what is $1000 bonus cash for? I mean what needs to happen to get this one? thanks!
  • kyfdxkyfdx Moderator Posts: 237,100
    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.

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  • MacioMacio Member Posts: 45
    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 Moderator Posts: 237,100
    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?

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  • MacioMacio Member Posts: 45
    locally Indiana 2019
  • MichaellMichaell Moderator Posts: 241,268
    Macio said:

    locally Indiana 2019

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

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  • MacioMacio Member Posts: 45
    thank you! I actually get now $524 incl tax $0 at sign as I get bids as we speak from 2 final dealerships
  • MacioMacio Member Posts: 45
    Final deal $510 per month incl tax (total lease cost 36M, 12K $18,360) for 2019 G70 3.3T Sport AWD
  • BruceK_PABruceK_PA Member Posts: 5
    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 Moderator Posts: 237,100
    Macio said:

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

    Congrats!

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  • kyfdxkyfdx Moderator Posts: 237,100
    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%.

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  • MacioMacio Member Posts: 45
    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 Member Posts: 45
    My tax is 7% OH
  • MichaellMichaell Moderator Posts: 241,268
    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?

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  • bjk_pabjk_pa Member Posts: 1
    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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