Post purchase price details here (US $ only)

[TurtleBoy]

Realistically, on a 2019 3.3T Sport, what is the price range you should be looking for? Test drove a 2020 yesterday and the dealer was only willing to go $1500 under sticker on the 2019 or 2020. That put the car around $51k for the 2019 and 52k for the 2020, where I was hoping to be in the $46-48k range based on some of the posts I've been reading. Is as low as $46k completely out of the question?

Side note, my father works for Kia. Does anyone know if I can get Hyundai Circle A pricing through him?

Thank you!

My guess is you will get no where near $46k without using circle A, some incentives and dealer discount. I think @r_spec is still providing Circle A certificates, you may want to PM him and see. Good luck

 

[PL718]

I’m really hoping that changes toward years end.

I understand they may not want to give Stinger level discounts because they are a “luxury” brand but every G70 that is on the streets creates brand awareness and interest. That has to be worth some manufacturer discount support to move 2019’s off the lots.

Granted, it’s only October...

 

[steelers84]

Thanks, everyone! I am at 48k right now on a 3.3T Sport with an MSRP of 52.7k without Circle A for a 2019. What are your thoughts? Do you think incentives may increase for the 19's in November or should I just pull the trigger?

 

[tompass]

That's $1400 better than I did in August. Also no Circle A. 3.3 Sport AWD. Not on lot and had to be ordered if that makes any difference.

 

[danygenesis]

Thanks, everyone! I am at 48k right now on a 3.3T Sport with an MSRP of 52.7k without Circle A for a 2019. What are your thoughts? Do you think incentives may increase for the 19's in November or should I just pull the trigger?

As far as you think you got a good deal you'll be happy. Anything below MSRP is good..... now, waiting another month for getting the car I want just for saving a couple of bucks a month? Nah, I will drive it today! but that just me.

 

[tarhoosier]

Is this a purchase? Leasing drops your price several thousand dollars. You can buy out the lease at any time.

 

[tompass]

Correct me if I am incorrect, leasing may reduce price but given aquisition, disposal, interest, etc. does that negate the advantage of leasing particularly if you intend to buy out lease after 3 years?

 

[tarhoosier]

I leased. I had a 750$ lease fee. My interest for the depreciated amount was 0.25% which was 0.5%APR (as listed on my papers). Thus well below the finance rate.There may be a purchase fee but others have said not and I cannot believe Genesis would charge me to give them 20,000-30,000$
My lease cash reduced cap cost 4000$ and lease cash is higher now for a 2019 though the residual value is lower. Everyone must review their own situation.

 

[Mcc]

Correct me if I am incorrect, leasing may reduce price but given aquisition, disposal, interest, etc. does that negate the advantage of leasing particularly if you intend to buy out lease after 3 years?

I don’t believe that you are correct. Leasing fees do not come anywhere close to negating the lease incentives v

 

[wesquire]

I don’t believe that you are correct. Leasing fees do not come anywhere close to negating the lease incentives v

Lease fees are usually around $400, no? He may be thinking of rent charge, but that is incurred monthly so if you buy out no more rent charge.

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[TurtleBoy]

Correct me if I am incorrect, leasing may reduce price but given aquisition, disposal, interest, etc. does that negate the advantage of leasing particularly if you intend to buy out lease after 3 years?

As with any situation, you need to run the numbers to see if there is an advantage to leasing and then purchasing. Currently in the case of the G70, the lease cash, and low MF, far outweigh the acquisition ($750) and purchase ($300) fees so it would be advantageous to lease and then purchase, either buying out the lease early or waiting until the end.

 

[danygenesis]

Correct me if I am incorrect, leasing may reduce price but given aquisition, disposal, interest, etc. does that negate the advantage of leasing particularly if you intend to buy out lease after 3 years?

Wrong. Acquisition fee has to be paid but if you plan to keep the car or lease another Genesis, disposition fee is waived. Rent surcharge aka MF is now ridiculously low for a Genesis G70, just .00003 wich is .072 APR plus lease cash around $3500- $4000. I don't see any disadvantage here.

 

[tompass]

So leasing, assuming you will buying out the lease, will actually save you money as opposed to buying cash outright?

 

[TurtleBoy]

I leased. I had a 750$ lease fee. My interest for the depreciated amount was 0.25% which was 0.5%APR (as listed on my papers). Thus well below the finance rate.

When you lease you pay interest on both the depreciated amount and the residual amount.

 

[TurtleBoy]

So leasing, assuming you will buying out the lease, will actually save you money as opposed to buying cash outright?

Without running the specific numbers I would think you will save at least $2k leasing and then purchasing versus purchasing with cash.

Edit: Obviously the statement above is based on current G70 lease cash and not leasing and purchasing in general.

 

[KusaKusa]

Is there anyone other than r spec helping out with Circle A certificates? I'm looking to purchase finally.

 

[steelers84]

This is all great information that I didn't consider. I guess the only benefit to purchasing is if you plan on taking advantage of the 1.9% financing offer?

I like the idea of lowering the cap cost by 4k but I'm worried about the process and screwing something up. I also have a trade that is lowering my tax payment but 2k is 2k...

 

[TurtleBoy]

This is all great information that I didn't consider. I guess the only benefit to purchasing is if you plan on taking advantage of the 1.9% financing offer?

I like the idea of lowering the cap cost by 4k but I'm worried about the process and screwing something up. I also have a trade that is lowering my tax payment but 2k is 2k...

If you plan on financing the purchase after the lease then you need to consider (guess) what interest rate you will be paying then and if you are comfortable with that unknown. If you plan on just paying cash then it isn't an issue. The comfort of knowing you have fixed 1.9% financing for the entire term may be worth something. Whether it is worth more than lease cash/low MF that is something you need to determine.

As mentioned above, it is bets to run the numbers. Once you have a selling price agreed upon then go home and run the different scenarios. Look at what it would cost for leasing for the 3 years (go 15k to get the lowest residual to take advantage of the low MF) and then financing the residual for 2 years. Then run the numbers for financing for 5 years at 1.9%.

Look at the difference between the two and decide which one would work better for you.

If you look at everything before hand and make sure you agree with the numbers the dealer is giving you three is really nothing that you can screw up.

You will have to check on you sales tax laws but more than likely you will get the $2k sales tax advantage on your trade even when leasing.

There are a lot of folks here who are glad to help so if you have any specific questions or need verification on the numbers you are getting from a dealer just post.

Good luck.

 

[wesquire]

My guess is you will get no where near $46k without using circle A, some incentives and dealer discount. I think @r_spec is still providing Circle A certificates, you may want to PM him and see. Good luck

I messaged r_spec yesterday for a Circle A code. Crossing my fingers I hear back from him. I am ready to make the leap.

 

[TurtleBoy]

I messaged r_spec yesterday for a Circle A code. Crossing my fingers I hear back from him. I am ready to make the leap.

Very good, I hope you get a certificate and the car you want. Can you please post here if @r_spec is still providing them? Thanks.