Genesis Summer Sales Event (July 29 - Sept 3, 2019)

[Beefer]

Galvanized by the success of sales in the first half of 2019, and the above significant third party accolades, Genesis Motor America and Genesis Finance will offer a limited-time, national Genesis Summer Sales Event across the Genesis vehicle lineup. Beginning Monday, July 29, and running through September 3, customers can lease a Genesis for three years with no money due at signing, no security deposit, and no first payment. More information about the lease program details and featured rates can be found at Genesis.com and local retailers.

Genesis Celebrates Positive Sales Momentum, Third Party Accolades In The First Half Of 2019

/PRNewswire/ -- With positive sales growth of 38 percent in the first half of 2019, led by a strengthening new network of over 315 nationwide retailers,...

www.prnewswire.com

JAMM

www.interdubs.com

 

[Tonester]

Galvanized by the success of sales in the first half of 2019, and the above significant third party accolades, Genesis Motor America and Genesis Finance will offer a limited-time, national Genesis Summer Sales Event across the Genesis vehicle lineup. Beginning Monday, July 29, and running through September 3, customers can lease a Genesis for three years with no money due at signing, no security deposit, and no first payment. More information about the lease program details and featured rates can be found at Genesis.com and local retailers.

http://[URL]https://www.prnewswire....ades-in-the-first-half-of-2019-300892863.html

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http://[URL]https://www.interdubs.c...=7346024&ick=26372ed3e26d8431fe0dccc3af080b46

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Looks like this is for the 2.0T only, is that right?

 

[Beefer]

Looks like this is for the 2.0T only, is that right?

Nah...all Genesis. If you go to each car on the website...the financial numbers graphically roll down to zero.

 

[NLJ]

Don't manufacturers it do this if they are slumping?
But then again they could be trying to penetrate the market like what Mazda was doing a while back with 0%.

 

[Tonester]

Nah...all Genesis. If you go to each car on the website...the financial numbers graphically roll down to zero.

"the financial numbers graphically roll down to zero" huh??
Seems like the only perk of this special is "no first payment" and "no money down", right?

 

[EdP]

Don't manufacturers it do this if they are slumping?
But then again they could be trying to penetrate the market like what Mazda was doing a while back with 0%.

Seems like they've all done it at one time or another. If Lamborghini has a promo at $399 a month I'm going to grab one.

 

[Tonester]

@Beefer "graphical roll down to zero" I know what you mean now... found it, thanx! No first payment is the best benefit. Have not heard of a security deposit on a G70 lease, thought you could always do a '0 due at signing' deal if you rolled fees and tax into the lease. Still the waived payment is worth several hundred $, nice!

 

[TOGuy242]

Don't manufacturers it do this if they are slumping?
But then again they could be trying to penetrate the market like what Mazda was doing a while back with 0%.

Probably trying to penetrate the market, and also could be that they're trying to move the existing 2019s to prepare for the 2020s coming ...

 

[jrosen9]

I was looking at most likely purchasing/leasing mine this month. Is there anywhere that lists the fine print?

 

[EdP]

I was looking at most likely purchasing/leasing mine this month. Is there anywhere that lists the fine print?

A quick Google search does not even find the big print. It did highlight a Weber Genesis grill though.

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[YEH]

Won't matter much if Genesis doesn't have an advertising push to go along w/ this program.

The model that needs this push is the G70 (yes, it's the best seller of the 3, but sales have declined the past 2 months).

But even this may not be able to overcome the cramped rear.

 

[Tonester]

In this months' incentives there is a separate line item for this Summer Sale and the bonus cash is called "Zero Down Lease Cash". The line item for typical lease bonus cash is called "Special Lease Cash". Does anyone know the difference? I'm assuming the zero down option may have a higher MF and the special option is the low subsidized MF? If that's the case, this Summer Sale promo with first payment waived may just be a wash considering the higher MF.
2019 Genesis G70 Incentives and Rebates | Autobytel.com

 

[KusaKusa]

I thought zero down offers were just moving what you would normally pay at the start of a lease into your lease payments, sorta like having a lower down payment. But if there's "Zero down Lease Cash", does that mean the bonus cash pays off any initial down payment you would have to spend, like taxes, title, and fees?

If we could combine the zero down cash and the normal lease cash, that would be insane. I doubt it, but it would be great.

 

[EdP]

In this months' incentives there is a separate line item for this Summer Sale and the bonus cash is called "Zero Down Lease Cash". The line item for typical lease bonus cash is called "Special Lease Cash". Does anyone know the difference? I'm assuming the zero down option may have a higher MF and the special option is the low subsidized MF? If that's the case, this Summer Sale promo with first payment waived may just be a wash considering the higher MF.
2019 Genesis G70 Incentives and Rebates | Autobytel.com

Sounds like they are just moving the money around. Special lease cash looks like they take $x off the sticker while the zero down they take the cash off the required down payment. In the end, it is "pay here to get your free lunch."