Leasing discussion...

[njohnson]

My guess is that is 10K miles and it is $2500 down. I am putting ZERO down and buying 20K miles a year. That drives the cost up. Still $690 for a 27 month lease with 20K miles is great!

That was the "starting from" lease payment for the base model ($33,000 including dest. charge). Not sure what mileage that was based on, but probably about 7,500 per year.

I think I made a mistake by not doing the lease since I usually don't drive a lot of miles. I have always purchased before and assumed that was better financially, but if you have the option to purchase at lease-end and the money factor (imputed interest rate) is low, then I am not sure what the disadvantages are.

it's for the base 3.8 with 12,000 miles with 2599 down. Most people are leasing the 3.8 with the premium plus or tech package,which increases the cost of the car or are leasing the V8 with add'l packages. Also, most are not putting that much money down on the lease and are buying add'l miles up front - all leading to an incresed monthly lease. In my case, I leased a 3.8 with prem plus package, cargo tray, and ipod cable for $ 700 down, which included the 1st month lease payment and bumped the miles up to 17,000 per year. My pymt is $ 545/month for an add'l 26 months.

Thanks, I guess I should have assumed it was for the bare bones model. Usually they have small print at the bottom but not in the ads I've seen.

I don't drive a lot either as I work from home however you never know when a road trip comes into play that sucks up a couple thousand miles. I know people who use their miles very early in the year after underestimating and getting screwed big time on the cents/mile.

$545 doesn't seem too bad but $690 seems like an awful lot on a lease to me. I've never personally thought about a lease before, my family has always financed our cars because we tend to keep them a long time (current car 13 years) however in this case I've heard that the buy back value after the lease may actually make more sense financially than financing and you always have the option to back out if needed. Hmmmm.

 

[ahurst]

Try: leasetrader.com

I have no first hand experience with this site but it is designed to solve your problem.

I have it listed on swapalease.com. Three good leads but no one has done it yet.

 

[Tom Z]

I leased in Oct. 08, a 3.8 with Premium Plus, Cabernet Red Pearl for $449. a month, for 24 months, 12K miles a year & $2,200.00 down at signing. Was this a good deal?

 

[Hyundai Guy]

Here's what I was quoted on a 2009 Hyundai Genesis Lease.

All prices are based off of invoice price. 27 Months, 12k miles a year and $3,000 total due at signing.

Genesis V6 Base: $412
Genesis V6 Premium: $442
Genesis V6 Premium Plus: $457
Genesis V6 Technology: $518

 

[ahurst]

Here's what I was quoted on a 2009 Hyundai Genesis Lease.

All prices are based off of invoice price. 27 Months, 12k miles a year and $3,000 total due at signing.

Genesis V6 Base: $412
Genesis V6 Premium: $442
Genesis V6 Premium Plus: $457
Genesis V6 Technology: $518

What are the money factors and residuals?