Congrats! There is def plenty of inventory on the east coast and I’ve had a few dealers give some pretty good prices, unfortunately for me I’m still 5 months out on my current gensis so I can’t do any pull ahead programs and rolling in my existing payments would cost too muchA local dealership got the exact car I was looking for last night—Santiago Silver, RWD, Sport, gray stitching. Bought it today. My lease was up tomorrow (already extended it for 3 months) so I couldn't wait around for prices to drop. The supply is so limited out West that dealers aren't dropping below MSRP here. Some East Coast dealers would take off a bit, but they didn't have the exact car I wanted and the shipping cost basically nullified the discount. Oh well. It was this or rent some piece of crap off Turo for a few months while I waited for prices to normalize. Love the car so I can live with the situation.
I've always wondered why they do this. Why not just leave it the same since the lease payments stay around the same anyway? Anybody know?They dropped the MF to .0002 for the 3.3. By dropping the MF and decreasing the lease cash, the monthly lease payment stays virtually the same. For example, on a RWD Sport with $0 down, the lease payment is only $7 more in January than it was in December. Over the past few monhts, their strategy seems to have the MF and lease cash go up or down at the same time in order to keep lease payment fairly consistent.
Warranty is transferable to next owner.That leads to an interesting question. If a person purchases the car at the end of a lease do they get the 10/100k warranty? What about someone who leases to get the lease cash and then pays the lease off in a month or so, do they get the 10/100k warranty? Technically in other cases they are the second owner since Genesis Finance owned the car during the lease. Anyone know for sure?