2021 G70 Deal Check

[mikeg70]

Hi all, what do you think of this lease deal?

2021 (pre-refresh) G70 AWD Sport 3.3

Due at signing: just the first month payment

3 years/36,000 miles
Monthly Payment: $553
Residual (53%): $28,616

 

[Kram]

Need to know the Gross Capitalized Cost (selling price), vs. the MSRP - and also the Money Factor to tell if it's a good deal or not.

 

[mikeg70]

GC is $48000 - not sure on MF

 

[mikeg70]

GC is $48000 - not sure on MF

And MSRP is $54000

 

[Kram]

So about a $6,000 discount off of MSRP. I feel that's good in this current market. For reference, I just purchased a 2021 3.3T RWD in the beginning of May, and also got a $6,000 discount (MSRP was $47,XXX and got them down to $41,XXX) - and I feel like I got a good deal. I would just check on edmunds.com to see what the current money factor is for leasing a 2021. They may be marking it up, which could make the payment higher than what it could potentially be.

 

[mikeg70]

So about a $6,000 discount off of MSRP. I feel that's good in this current market. For reference, I just purchased a 2021 3.3T RWD in the beginning of May, and also got a $6,000 discount (MSRP was $47,XXX and got them down to $41,XXX) - and I feel like I got a good deal. I would just check on edmunds.com to see what the current money factor is for leasing a 2021. They may be marking it up, which could make the payment higher than what it could potentially be.

It looks like the MF is .00025 from what I see on Edmunds. I also got a $4000 rebate which doesn’t show on the gross capitalized cost.

it does seem a little high, but not too bad.

 

[Kram]

So it's a $4,000 rebate on top of the $6,000 they discounted the car? For a total of $10,000 off of MSRP? If so, that's a great deal! Or are you saying the $6,000 discount includes the $4,000 rebate? If so, I'd say it's just an OK deal, considering the 2022's are now on dealers lots.

 

[mikeg70]

So it's a $4,000 rebate on top of the $6,000 they discounted the car? For a total of $10,000 off of MSRP? If so, that's a great deal! Or are you saying the $6,000 discount includes the $4,000 rebate? If so, I'd say it's just an OK deal, considering the 2022's are now on dealers lots.

The former - basically 10,000 off MSRP. The Gross Capitalized Cost doesn’t include the rebate. The $4000 rebate was listed on the contract as “cash down.”

 

[Kram]

Sounds like a great deal then. I would just ask them what the money factor is that they're quoting you, to make sure they're not marking up the .00025 that Genesis Finance is offering this month.

 

[savagelion]

without knowing your state and the taxes, this looks like a good deal. If you are in a higher tax state, it’s an incredible deal. Double check the rebate numbers, nationwide the lease cash is on $3000 for this month. The $4000 is purchase cash without promotional financing rates. Military, conquest and loyalty are extra rebates if you qualify. I just signed my lease a week ago and shopped a lot of dealers and this deal is pretty close to what I signed. Only found one dealer willing to discount over 10% pre-rebate.

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[Genny Guy]

Hi all, what do you think of this lease deal?

2021 (pre-refresh) G70 AWD Sport 3.3

Due at signing: just the first month payment

3 years/36,000 miles
Monthly Payment: $553
Residual (53%): $28,616

Good deal, especially in this market.

 

[mikeg70]

without knowing your state and the taxes, this looks like a good deal. If you are in a higher tax state, it’s an incredible deal. Double check the rebate numbers, nationwide the lease cash is on $3000 for this month. The $4000 is purchase cash without promotional financing rates. Military, conquest and loyalty are extra rebates if you qualify. I just signed my lease a week ago and shopped a lot of dealers and this deal is pretty close to what I signed. Only found one dealer willing to discount over 10% pre-rebate.

Yea I’m in Jersey- so high taxes are a given

 

[hd222]

Yea I’m in Jersey- so high taxes are a given

Jersey has a relatively low sales tax rate. 6.625%

 

[savagelion]

Yea I’m in Jersey- so high taxes are a given

Did you end up signing? Were the incentives righ?

 

[mikeg70]

Jersey has a relatively low sales tax rate. 6.625%

Did you end up signing? Were the incentives righ?

Yea I ended up signing.

MSRP was $54,000 - dealer sold it for $49,000 and then included a $4000 rebate. Final numbers first posted were accurate. Nothing down outside first month and $553 (taxes and fees included) 36 months/12k miles. Was a pretty solid deal to pass up. My second G70 and first 3.3!

 

[savagelion]

Yea I ended up signing.

MSRP was $54,000 - dealer sold it for $49,000 and then included a $4000 rebate. Final numbers first posted were accurate. Nothing down outside first month and $553 (taxes and fees included) 36 months/12k miles. Was a pretty solid deal to pass up. My second G70 and first 3.3!

Congratulations! Looks like you got a great deal! Enjoy the car!