Not sure how my dealer worked it, but they knew I would buy out the lease in 30 days via balloon payment. Only went with the lease to get the extra lease cash. They appeared to set me up on a normal 36 month lease with residual and payment schedule, only none of the normal lease crap fees. I paid up front for my taxes and doc fees and the lease price we negotiated was all I paid after 30 days plus about $80 for one month interest. I went thru every number to be sure nothing was snuck in and nothing was.How did you get around that? I thought that was due at the time of sale
Give em a shout out! That's the kind of straightforward dealing all dealerships should engage in and I'm sure others near DFW who come across this will want to knowNot sure how my dealer worked it, but they knew I would buy out the lease in 30 days via balloon payment. Only went with the lease to get the extra lease cash. They appeared to set me up on a normal 36 month lease with residual and payment schedule, only none of the normal lease crap fees. I paid up front for my taxes and doc fees and the lease price we negotiated was all I paid after 30 days plus about $80 for one month interest. I went thru every number to be sure nothing was snuck in and nothing was.
Genesis of Dallas. Garrett was my sales person. They took down what I wanted for a 2020 3.3 sport and they got exactly that as their allocation started coming in. Never required so much a deposit from me. Circle A made pricing easy so no complaints from me.Give em a shout out! That's the kind of straightforward dealing all dealerships should engage in and I'm sure others near DFW who come across this will want to know
Depending on what you want for a 2019 such as Sport or not, selection was limited back in January. You can probably negotiate a better than Circle A price if the dealer wants to move a 2019 car.Hey Everyone!
I'm looking at buying a 3.3 G70 in TX since I've been playing around with OpenPilot. Looks like the lease incentives on 2019 along with Circle A Pricing is the way to go. Outside of Genesis of Dallas has anyone else had experience in TX? Thanks a ton in advance. Super excited to get OP ported to G70's
Thanks for the advice TurtleBoy! I went to Genesis of South Bay over the weekend to test drive one and also run some initial numbers. Leasing and then buying at the end of the lease was about $4K less than if I financed the vehicle for 60 months at 2.9% with ~$40K down ($54K compared to $58K). Purchasing the vehicle outright without having to finance anything was the cheapest at about $3K less than lease to own. Granted, this was very rough math as there were no negotiations as I had no intention to buy that day. If I recall correctly, we were using the $51K MSRP as the starting point.You should really consider leasing to get the lease cash and then buy it either early or at the lease end. Run the numbers but you should be well ahead of the game doing it that way.
Thanks MCC! I will definitely contact West Lake. Out of curiosity, I'm assuming you've dealt with that dealership before? How was your experience?Got this in the mail
INTRODUCING THE G70 EMPLOYEE DEAL PROGRAM
You have been selected by Genesis of Westlake Village to take part in our exclusive Employee Deal Program for all remaining G70's in our inventory. Offer too good to advertise, contact sales manager for more details!
I think he misunderstood and assumed he would hold the lease til expiration rather than buying out of it 1 month after signing.Those numbers don't seem to be correct given that the lease cash is $3,500 and the cost to lease would be around a $1k between the acquisition fee and the purchase fee. Given the low MF, it would be about $2.5k less expensive to lease and then buy versus paying cash. The selling price of the vehicle will be the same whether you lease, finance or pay cash so the extra $3,500 in lease cash is the advantage.
Assuming they take advantage of the financial avenues available to them, that's absolutely true. High-interest savings accounts will give you in excess of 1% virtually risk freeHolding it until it expires may actually be the least expensive way to do it. You take a 15k/yr lease to get a low residual since what your cash is earning should easily outperform what the low MF is.
Correct. They may still try to nickel and dime you ("lo-jack," coatings, extra warranty, etc), but you should be able to refuse that. Seems like walking away from the finance desk has been a necessity in every car purchase for my family because of those stupid attempts to make a few more bucks. Inevitably they call back the next day saying we'll do the deal you wantAppreciate the help guys. The sales rep did highly recommend I lease the vehicle with the option of purchasing rather than purchasing the car from the get go because of the reason @TurtleBoy mentioned above, mainly having the liquidity and option to invest the cash. I'm targeting mid-April to pull the trigger, which should give me enough time to scour the G70 forum for as much info as possible.
One other question regarding Circle-A, if I'm understanding correctly, using this pretty much eliminates the need to nego at the dealership? Although I might be able to nego a lower price than Circle-A, if I choose to use Circle-A, I pretty much know what I'll be having to pay?