G70 Lease Comparisons and Discussion (USA)

[JeremyTD]

I'm not able to PM anyone yet - you were the test subject broervudu and no luck.

 

[Throat Yogurt]

I'm not able to PM anyone yet - you were the test subject broervudu and no luck.

Keep posting. We were all there once.

 

[NJB333]

I got a lease quote on a G70 3.3 Advanced AWD of $475/month for 36 months 10k miles/year. This includes all fees and taxes except plate fees which they said are $276. Tax rate here in Cook County Illinois is 8.25%. MSRP on the car is $46,870. Using the LeaseHackr calculator to back calculate assuming the $3,500 lease cash, 51% residual, and 0.00009 MF rate, it appears the selling price would be about $41,872. I opened negotiating with a Circle A certificate for a similarly priced G70 at a different dealer and was quoted $520/month without the loyalty or competitive owner discount. Been doing a back and forth over email from there until we came to $475. Does this sound like a good deal?

Here's the LeaseHackr link. It doesn't add the taxes on the lease cash into the monthly payment. If you divide that by 36 and add it to the monthly it comes out to $475 a month with the $276 plate fees due with the first payment.
leasehackr.com/calculator?make=none&miles=10000&msd=0&msrp=46680&sales_price=41872&months=36&mf=0.00009&dp=0&dealer_fee=0&acq_fee=750&taxed_inc=3500&untaxed_inc=0&rebate=0&resP=51&reg_fee=276&sales_tax=8.25&demo_mileage=0&memo=Genesis%20G70%203.3%20Advanced%20AWD%20lease%20quote&monthlyTax_radio=true

 

[damage6942]

I just leased a 3.3T Sport for $435/mo with $5000 due at signing. (36mo, 12000mi).

 

[Throat Yogurt]

I just leased a 3.3T Sport for $435/mo with $5000 due at signing. (36mo, 12000mi).

$5,000? Why would you put down that much? It's almost never a smart move to put a large down payment on a lease.

 

[TurtleBoy]

I just leased a 3.3T Sport for $435/mo with $5000 due at signing. (36mo, 12000mi).

Congratulations. Good luck, enjoy and be safe.

 

[damage6942]

$5,000? Why would you put down that much? It's almost never a smart move to put a large down payment on a lease.

I agree. However the math was in my favor on this. (And it wasn’t $5000 down. It was $5000 due, which included tax, tag, title, first month, etc).

$0 gave me $599/mo. $3000 gave me $482/mo, so I was essentially making $600. $5000 gave me an even bigger discount.

 

[KusaKusa]

From what people said earlier in the thread, it's possible that your equity from a lease down payment is paid back to you in some amount in the case of insurance payout from an accident. If you could get that back from ending a lease early, that'd be great. But if those cases are true, then I don't see anything lost from putting a down payment on a lease.

 

[Flycaster]

Need some advice.
I want to get a car by 9/3. I like both the Genesis G70 and Stinger GT2. I have been researching both for quite a while and know the incentives, MF and residuals for this month. I intend to lease either one for 36/10, although I'm probably leaning a little more towards the GT2. Problem is how to go about getting quotes from both dealers at the same time and then to perhaps play one against the other. Any and all suggestions are appreciated. Thanks.

 

[FornicatorSteve]

Need some advice.
I want to get a car by 9/3. I like both the Genesis G70 and Stinger GT2. I have been researching both for quite a while and know the incentives, MF and residuals for this month. I intend to lease either one for 36/10, although I'm probably leaning a little more towards the GT2. Problem is how to go about getting quotes from both dealers at the same time and then to perhaps play one against the other. Any and all suggestions are appreciated. Thanks.

I think that may be slightly more difficult as it's apples to oranges with both the cars and the F&I office. Maybe if you take best quotes from each vehicle and work respective dealers it would be better.

I actually finally picked mine up (G70), and got:

- Circle A
- special lease rates (.00009 MF)
- all incentives (lease cash + loyalty)
- dealer discount of $700 on top of that.

Didn't end up going to NJ, this ended up being a better deal when factoring in shipping.

But generally I didn't hear too much countering from Genesis when I was cross shopping the Kia, and the Kia dealer I visited on the way to a Genesis one a few months back basically said "k. let us know if you want the Stinger instead".

But it's definitely worth a shot if you get a good quote on one or the other and trying to create a dialogue and force them to sell you both on the car itself AND the finance deals.

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[KusaKusa]

I think that may be slightly more difficult as it's apples to oranges with both the cars and the F&I office. Maybe if you take best quotes from each vehicle and work respective dealers it would be better.

I actually finally picked mine up (G70), and got:

- Circle A
- special lease rates (.00009 MF)
- all incentives (lease cash + loyalty)
- dealer discount of $700 on top of that.

Didn't end up going to NJ, this ended up being a better deal when factoring in shipping.

But generally I didn't hear too much countering from Genesis when I was cross shopping the Kia, and the Kia dealer I visited on the way to a Genesis one a few months back basically said "k. let us know if you want the Stinger instead".

But it's definitely worth a shot if you get a good quote on one or the other and trying to create a dialogue and force them to sell you both on the car itself AND the finance deals.

Congrats! After all the trouble you had, how did you end up getting Circle A, special MF, and a dealer discount all at once this time?

 

[FornicatorSteve]

Congrats! After all the trouble you had, how did you end up getting Circle A, special MF, and a dealer discount all at once this time?

By being ready to fly to another state, and living in a state where it appears basically one AWD was and had been on the lot since early February.

I had test driven this car 3 times, and through two salesmen as one had left and another joined the dealership in those months.

 

[Flycaster]

Here's a lease work sheet on a 2019 RWD G70 3.3T Siberian Ice elite/prestige 36/10K. Without negotiating, it looks like they are giving me a 9.25% discount off MSRP. I think, but not sure, that with tax (7%) added to base lease, and $2000 down, OTD is $497.65/mo. Or, with $735 down, the monthly lease is $535 OTD. I've got a call into the salesman to explain. But in the meantime, I'd appreciate any thoughts/opinions on this deal...like what else do I need to know or have explained, is this a good deal, etc.

 

[matpal]

By being ready to fly to another state, and living in a state where it appears basically one AWD was and had been on the lot since early February.

I had test driven this car 3 times, and through two salesmen as one had left and another joined the dealership in those months.

Is there an easy way to tell how long any particular car has been sitting on a dealer lot?

 

[pulsar]

Is there an easy way to tell how long any particular car has been sitting on a dealer lot?

The build date will be on the door jam placard. I’d go by that for the age of the car more than being at a dealer for 2 weeks or 2 months. There are still G70s out there 8+ months old since being built if your going to negotiate off age of the car?

 

[Tonester]

Here's a lease work sheet on a 2019 RWD G70 3.3T Siberian Ice 36/10K. Without negotiating, it looks like they are giving me a 9.25% discount off MSRP. I think, but not sure, that with tax (7%) added to base lease, and $2000 down, OTD is $497.65/mo. Or, with $735 down, the monthly lease is $535 OTD. I've got a call into the salesman to explain. But in the meantime, I'd appreciate any thoughts/opinions on this deal...like what else do I need to know or have explained, is this a good deal, etc.

View attachment 22562

From your MSRP, this looks like a Prestige to me. For that car, Circle A price is ~$45,150. Take another $3K off for lease cash and you're down to $42,150 which is just slightly higher than what you got. Assuming you have no other incentives (Conquest, Military, etc.)? Looks like your rebate is $4500? That should be $3000 unless you actually did qualify for an additional $1500 in rebate? And if so, price should be $1500 lower.

@FornicatorSteve just got his car and negotiated another $700 below Circle A plus incentives. So I would try to match what he got if you can. Best to put as little down as you can and have all your fees and taxes wrapped into that ultra low cost lease. Unless you have compelling reasons not to do that and need a lower payment... Good luck!

 

[Kodiak]

I think that may be slightly more difficult as it's apples to oranges with both the cars and the F&I office. Maybe if you take best quotes from each vehicle and work respective dealers it would be better.

I actually finally picked mine up (G70), and got:

- Circle A
- special lease rates (.00009 MF)
- all incentives (lease cash + loyalty)
- dealer discount of $700 on top of that.

Didn't end up going to NJ, this ended up being a better deal when factoring in shipping.

But generally I didn't hear too much countering from Genesis when I was cross shopping the Kia, and the Kia dealer I visited on the way to a Genesis one a few months back basically said "k. let us know if you want the Stinger instead".

But it's definitely worth a shot if you get a good quote on one or the other and trying to create a dialogue and force them to sell you both on the car itself AND the finance deals.

Congratulations on the car. I have a 2 months to get my deal done. I am really considering a demo since I so far from dealership I wouldn't get any perks of owning new. It let me afford a model up maybe or the 3.3. Decisions.

 

[FornicatorSteve]

Congratulations on the car. I have a 2 months to get my deal done. I am really considering a demo since I so far from dealership I wouldn't get any perks of owning new. It let me afford a model up maybe or the 3.3. Decisions.

Here's a copy of my quote if you need to show that other dealers are willing to go further than circle A.

Hopefully this can help some people.

I can gather my other financial docs to show things like getting the special lease, etc, just let me know.

 

[Kodiak]

Here's a copy of my quote if you need to show that other dealers are willing to go further than circle A.

Hopefully this can help some people.

I can gather my other financial docs to show things like getting the special lease, etc, just let me know.

If you could show getting base MF with circle a that would be appreciated to show dealership it is possible. Amazing deal congratulations I'll try for that if I can get a circle a one day.

 

[FornicatorSteve]

If you could show getting base MF with circle a that would be appreciated to show dealership it is possible. Amazing deal congratulations I'll try for that if I can get a circle a one day.

See the bottom right under special lease. The lease program ID for the special lease includes that money factor.

None of the f&I docs had the MF directly on it, but the program is the "special lease". If you run it through a lease calculator it should line up.

You can also see the sales type as the A-Plan. I asked the f&I guy to make sure it was on the .00009 rate and he confirmed and said they weren't taking any of the reserve.