G70 Lease Comparisons and Discussion (USA)

[danygenesis]

I've never leased....what can I expect to pay on 42k model?

Which engine? How many months and how many miles? You can get the MF and RV here.
2019 Genesis G70 Lease Deals and Prices

 

[Scrface]

Which engine? How many months and how many miles? You can get the MF and RV here.
2019 Genesis G70 Lease Deals and Prices

Awd 2.0

Miles/term... looking at all options

 

[TurtleBoy]

Awd 2.0

Miles/term... looking at all options

According to the link that was provided:

36/15: .00026 MF and 48% residual
39/15: .00056 MF and 46%
42/15: .00076 MF and 44%
48/15: .00118 MF and 41%

$2500 lease cash

Add 2% for 12K and 3% for 10K

You can plug those numbers into a lease calculator such as LeaseHackr Calculator to get an estimate of the payments.

 

[Scrface]

According to the link that was provided:

36/15: .00026 MF and 48% residual
39/15: .00056 MF and 46%
42/15: .00076 MF and 44%
48/15: .00118 MF and 41%

$2500 lease cash

Add 2% for 12K and 3% for 10K

You can plug those numbers into a lease calculator such as LeaseHackr Calculator to get an estimate of the payments.

Never leased dont know what any of that means lol. Thanks though

 

[larrymg1]

Never leased dont know what any of that means lol. Thanks though

These websites, among others, will help educate you on the jargon used in the world of car leasing and how to evaluate your lease costs.
https://www.alphaleasing.com/LeasingTutorial/LeasingTutorialHome.asp
Car Finance BOSS

 

[Beefer]

Never leased dont know what any of that means lol. Thanks though

MF = Money Factor...equivalent to APR in a car loan. Multiply by 2400 to get the equivalent APR. Lower the better.

RV = Residual Value...percentage car value goes down by the end of the lease. Higher means lower payment but more expensive to buy after the lease (if you even want to). Lower means higher payment but cheaper to buy out at the end.

I know I will walk away from my lease at the end...so MF had to be low and RV had to be high.

 

[ACCHRM]

What do you guys expect to get when the G70 is available around your area? I'm in SoCal and IF I decide to go for the G70 vs the other cars I was comparing to, I will be looking at the 2.0 Elite. Will wait a few months, so probably starting to look around February or so, so that I can pick up some rebates and I can negotiate a lower selling price, if I get around 2-3k discount, plus 2-3k in rebates, with the 58% residual that they have right now and the MF, I will be shooting for a 36 month lease and 12k to get to around 430-450/mo with 0 down. VERY doable, so I'm not shooting up in the stars.
How about you?

 

[danygenesis]

What do you guys expect to get when the G70 is available around your area? I'm in SoCal and IF I decide to go for the G70 vs the other cars I was comparing to, I will be looking at the 2.0 Elite. Will wait a few months, so probably starting to look around February or so, so that I can pick up some rebates and I can negotiate a lower selling price, if I get around 2-3k discount, plus 2-3k in rebates, with the 58% residual that they have right now and the MF, I will be shooting for a 36 month lease and 12k to get to around 430-450/mo with 0 down. VERY doable, so I'm not shooting up in the stars.
How about you?

2.0T 36/12k RV is just 50% (not 58%) and probably on February will be lower than 50%

 

[NickB2005]

I signed my lease last night! Got a crazy good end of the month deal. Been looking at these since they were first announced. I'm just outside of Boston. I got a 2.0T AWD Dynamic in himilayan gray. I've never leased before and had a 2015 Hyundai Sonata Limited that I traded in. Msrp was 47,200. Basically high level I am paying $360 per month for 36 months and 10k miles per year. I am giving them my car and they are giving me a check back for $5100. I wanted to be under $375 a month. A month ago they offered the same deal for about $500 per month. I think I got a pretty good deal! Has all the features I wanted too. I pick it up on Monday night.

 

[Beefer]

I signed my lease last night! Got a crazy good end of the month deal. Been looking at these since they were first announced. I'm just outside of Boston. I got a 2.0T AWD Dynamic in himilayan gray. I've never leased before and had a 2015 Hyundai Sonata Limited that I traded in. Msrp was 47,200. Basically high level I am paying $360 per month for 36 months and 10k miles per year. I am giving them my car and they are giving me a check back for $5100. I wanted to be under $375 a month. A month ago they offered the same deal for about $500 per month. I think I got a pretty good deal! Has all the features I wanted too. I pick it up on Monday night.

Congrats!!! So how much below MSRP did they go (excluding any incentives or lease cash back)?

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[NickB2005]

Congrats!!! So how much below MSRP did they go (excluding any incentives or lease cash back)?

So, I need to look at the paperwork Monday because I'm not 100% sure. I know they gave it to me at 42,500 but screwed up last minute before I signed and needed to take another $1,000 off to get to the $360. I'll know more on Monday, but I think it's a good deal?

 

[Beefer]

So, I need to look at the paperwork Monday because I'm not 100% sure. I know they gave it to me at 42,500 but screwed up last minute before I signed and needed to take another $1,000 off to get to the $360. I'll know more on Monday, but I think it's a good deal?

Yeah...I think you did alright. Perhaps $1-2k below MSRP...maybe a tad more. Good stuff!!

 

[NickB2005]

Yeah...I think you did alright. Perhaps $1-2k below MSRP...maybe a tad more. Good stuff!!

It had all the features I wanted. Coming from a limited sonata I didn't want to give up all the cool stuff plus I got a bunch of new ones. Heads up display is very nice and honestly the Genesis services they give you with concierge and other things are highly worth it.

 

[MadCat]

Test drove 3.3T AWD today, what a car! But the lease payment dealer quoted I would never buy it. For $700+ I can get a much better car overall...

 

[NLJ]

Test drove 3.3T AWD today, what a car! But the lease payment dealer quoted I would never buy it. For $700+ I can get a much better car overall...

Lease is not buying

 

[Beefer]

Test drove 3.3T AWD today, what a car! But the lease payment dealer quoted I would never buy it. For $700+ I can get a much better car overall...

What are the numbers? How much below MSRP? What are the Dec lease numbers?

 

[MadCat]

What are the numbers? How much below MSRP? What are the Dec lease numbers?

I did not get into the details, tbh. Salesperson said that 3.3T AWD Sport would lease for $700+. They were not willing to discount it at all.

 

[Beefer]

I did not get into the details, tbh. Salesperson said that 3.3T AWD Sport would lease for $700+. They were not willing to discount it at all.

You have to know your numbers. Otherwise...meaningless. Lease numbers thus far have been very good.

 

[TurtleBoy]

I did not get into the details, tbh. Salesperson said that 3.3T AWD Sport would lease for $700+. They were not willing to discount it at all.

From what I'm seeing you should get a Genesis of Brooklyn, fairy shortly so hopefully they will be able to do some discounting for you. To make it easier on yourself to make comparisons it would be better to work on negotiating a price and once that is set then you can look at buying/leasing and what the numbers would be.

 

[MadCat]

You have to know your numbers. Otherwise...meaningless. Lease numbers thus far have been very good.

From what I'm seeing you should get a Genesis of Brooklyn, fairy shortly so hopefully they will be able to do some discounting for you. To make it easier on yourself to make comparisons it would be better to work on negotiating a price and once that is set then you can look at buying/leasing and what the numbers would be.

Yeah, I know how to lease, thank you I wasn't going to buy today, I'll wait a couple of months, I'm pretty sure Genesis will start offering the same $5000 cash incentive like the Kia did with their Stinger just 3 month after the release of the car.