Genesis lease residual value dropping?

[JOwest]

I just noticed on Hyundai's Canadian web site the lease rate of the 2009 Genesis got lowered to 2.6% from 3.9% for a 48 month lease but the monthly payment actually gone up by $55.00/month. If the rate is heading south but the payment is heading north that can only mean one thing - The residual value of the Genesis is dropping. My quick (could be wrong) calculation show a drop of $4000.00.
Anyone notice this on the US web site or confirm the dropping of residual value through other sources?

 

[Dimitry]

Naturally, 2009 models will drop in residual before the 2010s come out. I do not have a current number at this time, but in May it was 45/46% for a V8 Tech for a 36 month lease here in the states.