Thought this would be of benefit to fellow members considering a Genesis with Tech Package.
Last Monday I took delivery of a Genesis (Black/Black) with Tech package on a 24 month lease. Here are the details of the lease (Rounded for simplicity)
$2290 Due at Signing
$528 per month ($499 + $29 Tax)
$60 License
$1575 Cap Cost Reduction
$125 Tax on Cap Cost Reduction
There is a $500 contribution that Hyundai Motor Credit contributes.
Essentially this works out for the car at about $500 under invoice for the dealer after you factor in the $500 Hyundai Motor Credit money. Money Factor is .0008 (1.8 - 1.9%) annually. Residual is 66%.
Deal was done with a no hassle deal over the phone with a dealership just south of Cincinnati in Florence, KY. Name of dealership was Kerry Hyundai.
Car was delivered to my office down in Louisville. So all I had to do was sign a few papers and give them the $2290 check.
So while I'm sure you can get better deals with more negotiating or have more time (I needed a car and had waited as long as I could for the Genesis Tech to come out) I'm happy with this deal. What important I thought was that this dealer was willing to trade this car with a local dealer for my convenience.
Thanks to all for your help and input.
Last Monday I took delivery of a Genesis (Black/Black) with Tech package on a 24 month lease. Here are the details of the lease (Rounded for simplicity)
$2290 Due at Signing
$528 per month ($499 + $29 Tax)
$60 License
$1575 Cap Cost Reduction
$125 Tax on Cap Cost Reduction
There is a $500 contribution that Hyundai Motor Credit contributes.
Essentially this works out for the car at about $500 under invoice for the dealer after you factor in the $500 Hyundai Motor Credit money. Money Factor is .0008 (1.8 - 1.9%) annually. Residual is 66%.
Deal was done with a no hassle deal over the phone with a dealership just south of Cincinnati in Florence, KY. Name of dealership was Kerry Hyundai.
Car was delivered to my office down in Louisville. So all I had to do was sign a few papers and give them the $2290 check.
So while I'm sure you can get better deals with more negotiating or have more time (I needed a car and had waited as long as I could for the Genesis Tech to come out) I'm happy with this deal. What important I thought was that this dealer was willing to trade this car with a local dealer for my convenience.
Thanks to all for your help and input.
