• Car enthusiast? Join us on Cars Connected! iOS | Android | Desktop
  • Hint: Use a descriptive title for your new message
    If you're looking for help and want to draw people in who can assist you, use a descriptive subject title when posting your message. In other words, "I need help with my car" could be about anything and can easily be overlooked by people who can help. However, "I need help with my transmission" will draw interest from people who can help with a transmission specific issue. Be as descriptive as you can. Please also post in the appropriate forum. The "Lounge" is for introducing yourself. If you need help with your G70, please post in the G70 section - and so on... This message can be closed by clicking the X in the top right corner.

Price Paid For 2015 Genesis

Thanks...interesting the the Cars.com link you provided suggests the $1500 cash back is applicable to either lease situations or outright purchases. Do you read as the same ? IOW - if i was going to buy the vehicle outright - would i expect to see $3000 in incentives I could apply against the negotiated price I get to with the dealer ?

Slightly unrelated question ---
Vehicle i'm after is 3.8L AWD with Sign. and Tech packages. MSRP on that vehicle i'm at 49,230. *If* i was paying cash and could get 3k of incentives from Hyundai - how much more do you think i could negotiate ? Said differently - for a cash deal - how much off MSRP should i expect to be able to negotiate ?

The $1,500 cash back listed on Cars.com and $1,500 conquest are only applicable for leases. If you look, they have a (1) next to them and the description given by cars.com for (1) is "Cash provided by the manufacturer to be put toward the customer’s lease". So no, the $3k described is only for leases and not outright purchases.

As far as what price you could negotiate on a tech package, I can't really tell you. I didn't shop or research for that package, but for my ultimate I negotiated a price about $1,800 under invoice before incentives. I went back and forth with several dealers competing against each other to get there. You should always negotiate without taking into account incentives since the incentives are from the manufacturer directly and not the dealer (i.e. a sticker purchase less incentives is still a sticker sale for the dealer).

These days, negotiating a "cash" purchase for a car will likely result in a higher cost for the car, if anything. The dealership must make all their profit on the car price (and warranty/etc) if it is a cash deal whereas a financed or lease deal also makes the dealership money on the back end which may make them more willing to sell the car for a smaller amount of profit. In a cash deal, the dealership sells the car to you; a loan, it sells it to the bank or finance institution; a lease it sells it to the leasing company - it doesn't really matter to the dealer, except that they get a kickback from the in house financing/leasing and from some local CUs that they work with. To me a dealer who is making money through the financing would be more likely to move on the price of the car, but that is just my 2 cents.

I would suggest you start your price research at truecar.com where you can build the car you want, see invoice, MSRP, and average selling price for the car with that build.
 
In negotiating a deal, any discussion of financing or trade-in should ideally always come AFTER a price is agreed to. Once those factors are involved, the final price become clouded and less easy to evaluate.
 
In negotiating a deal, any discussion of financing or trade-in should ideally always come AFTER a price is agreed to. Once those factors are involved, the final price become clouded and less easy to evaluate.

I disagree. If the dealer knows they will be making money from the financing, they may be willing to move more on the car price. Whereas if you negotiate a price on a cash deal, they need to make their profit on the car sale itself and then anything they get from you in financing is gravy.

I agree with the trade-ins. I don't have a car to trade in until the car price is agreed to :)
 
Looking to update and upgrade your Genesis luxury sport automobile? Look no further than right here in our own forum store - where orders are shipped immediately!
We agree to disagree. Most sources suggest once you let any other factors into the pricing negotiating, you give up your ability to truly evaluate a deal - regardless of giving the gift of financing to the dealer. Any discussions about financing, warranty etc. will occur within the F&A office after agreeing to a price, which will be a final attempt by the dealer to erode any deal struck.
 
We agree to disagree. Most sources suggest once you let any other factors into the pricing negotiating, you give up your ability to truly evaluate a deal - regardless of giving the gift of financing to the dealer. Any discussions about financing, warranty etc. will occur within the F&A office after agreeing to a price, which will be a final attempt by the dealer to erode any deal struck.

I'm not saying to negotiate financing terms before coming to a price on a car, but I think it can only benefit you to let the dealer know you plan on financing/leasing with them during price negotiations instead of after.
 
I am going to be hammering out my numbers and based on my calculations to buy now at 1.9% versus lease for 36 months and then finance the residual at 3% will actually save me about $2000 or so on a V6 AWD Ultimate. I will publish the numbers for both after final negotiations tomorrow. I SO wish we could find out the incentives for next month, I can wait, my lease isn't actually up until April 1st, but the deals right now are pretty hard to pass up. Does anyone know how 2015 Genesis sales are doing right now? The lower the sales, the better the chance that they will bump up the incentives next month.
 
I am going to be hammering out my numbers and based on my calculations to buy now at 1.9% versus lease for 36 months and then finance the residual at 3% will actually save me about $2000 or so on a V6 AWD Ultimate. I will publish the numbers for both after final negotiations tomorrow. I SO wish we could find out the incentives for next month, I can wait, my lease isn't actually up until April 1st, but the deals right now are pretty hard to pass up. Does anyone know how 2015 Genesis sales are doing right now? The lower the sales, the better the chance that they will bump up the incentives next month.

I don't know the sales numbers. The conquest 1500 is not going anywhere in my opinion since they are trying to convert owners. I wouldn't expect incentives to get a whole lot better until closer to the arrivals of 2016's. Some cash back for purchases would be nice though. I'd be interested to see your calculations showing it cheaper for the purchase since it was the compete opposite for me.
 
Just met with the dealer and apparently they made a mistake on the lease and Hyundai wants them to fix it. They used 58% residual instead of 61% and gave me a slightly higher money factor than they should have. Just got the revised paperwork and compared it to my original: only changes made were to residual and finance charge (and related taxes) so doesn't look like they are trying to pull some dirty trick - money factor is now effective 1.82% instead of 1.94% and residual is higher. Total effect is my payment drops $50/month. That's pretty good news :)
 
Current Hyundai Genesis lease factors (good through 3/31):

5.0 - .00001 and 52% for 36/12.

3.8 AWD - .00076 and 61% for 36/12.

3.8 RWD - .00049 and 59% for 36/12

(The maximum dealer markup allowed is .00040)
 
Current Hyundai Genesis lease factors (good through 3/31):

5.0 - .00001 and 52% for 36/12.

3.8 AWD - .00076 and 61% for 36/12.

3.8 RWD - .00049 and 59% for 36/12

(The maximum dealer markup allowed is .00040)

They are changing it to the 3.8 AWD amount listed. They did the original lease at .00081 and 58%. Kind of crazy that Hyundai is making them change the lease when its in my favor, but I'm not complaining :)
______________________________

Help support this site so it can continue supporting you!
 
Hey folks. What costs are you being quoted to add extra miles to a lease? Taking it from 12k on up and up to say 22k a year? How much per mile are they adding? Which is used to calculate the new lease payment? And then, are they dropping the residual by the same proportion?
 
Hey folks. What costs are you being quoted to add extra miles to a lease? Taking it from 12k on up and up to say 22k a year? How much per mile are they adding? Which is used to calculate the new lease payment? And then, are they dropping the residual by the same proportion?

I didn't get any quotes over 15k. The 15k reduces the residual by 2% from the 12k. Additional miles over the limit cost $.20 on my lease.
 
I didn't get any quotes over 15k. The 15k reduces the residual by 2% from the 12k. Additional miles over the limit cost $.20 on my lease.


Appreciate the feedback.
 
Let me know what you guys think of this deal..I picked the car up last Monday

2015 Genesis Sedan
3.8 with AWD
Signature Package
Technology Package
Parisian with Black Interior
Cargo Tray
Rear Bumper Guard
First Aid Kit
All Weather Mat Set

36 months / 12k miles per year
$1500 total at singing
$439 per month
 
Hi guys,
New member here and first post :)
I just LEASED and picked up my new Genesis on Sunday from Hardin Hyundai in Anaheim SoCal. I got a 2015 sedan, 3.8 Ultimate package in Ibiza blue with the Ivory interior.

I used "truecar" website and got a discount of $7,754 from the MSRP. The dealer didnt give me any grief over the discount and didn't try to "throw any extra's in" that "are already on the car and cant be removed from the package/deal". This brought the price down from the window sticker of $50,186 to $42,483. They DID include a KARR alarm system, but didn't charge me any extra for it! I was happy overall with the price.
I turned out to be tier 4 credit, as I already have another lease on a Hyundai for my wife, so my score was around 680. But, they pushed me up to tier 3, and told me the repayments were the same for tier 1, 2, or 3. So again, I was really happy with that.
I wanted to keep my monthly repayment down, so I actually put a deposit of $6000 down. $4,000 in cash, and then I was going to trade an old car in (99 Infiniti G20), but somebody brought it from me for cash in the dealers parking lot for $2,000! So I used the cash money from that too!!
My lease is a 3 yr lease, 12k miles with a monthly payment of $326.05 and a residual of $29,579.65.

Overall, I couldn't be happier. It drives like a dream..although the lane departure function feels a bit wierd till you get used to it....Maybe I should just drive in a straight line or shut it off.
The only other thing I don't really get is why they would limit the heated steering wheel and heated back seat to the AWD models...I mean in SoCal, you dont need AWD...but a heated wheel would be great a few mornings a year!

Oh, one last thing, I bought the Genesis decal on Ebay for $13 and intend on switching out the Hyundai H on the trunk this sunday for it.

All the best, and happy motoring!
Alan
 
Last edited:
Hi guys,
New member here and first post :)
I just LEASED and picked up my new Genesis on Sunday from Hardin Hyundai in Anaheim SoCal. I got a 2015 sedan, 3.8 Ultimate package in Ibiza blue with the Ivory interior.

I used "truecar" website and got a discount of $7,754 from the MSRP....This brought the price down from the window sticker of $50,186 to $42,483.

Wow, Seachange, great deal - someone can correct me if I am wrong, but that is the best price I have seen on a 3.8 ultimate (and the Ibiza / Ivory is a great choice). Interesting that you got the number from a Truecar website - I have not seen prices that good. I guess I need to look again.
 
I wanted to keep my monthly repayment down, so I actually put a deposit of $6000 down.

Congrats. That is a lot of money to put down on a lease - generally, rule of thumb is not to put minimal cash on a lease.
 
Just picked mine up today.

2015 Genesis Sedan Montecito Blue
3.8 with Signature Package
Cargo Tray
First Aid Kit
Wheel Locks

$37300
+$249 (tint)
-$14000 (2010 Genesis Coupe 3.8 Trade-In)

@1.55% for 60 months = $440/month
 
Congrats. That is a lot of money to put down on a lease - generally, rule of thumb is not to put minimal cash on a lease.

Hi, and thanks for the reply. I usually wouldnt put that much down either. I leased a 2014 Hyundai Santa Fe for my wife last year and put 0 down...$480 a month.
This time, I just wanted a lower payment. I am planning on buying it outright in the end, so I figure a lower payment now makes it something I can afford now...to have tried to buy it outright now I just couldnt afford it each month..besides, I actually think the offers were better from Hyundai right now for a lease than a buy. But I agree, usually, I would be zero down, or just a minimum needed payment.
 
Wow, Seachange, great deal - someone can correct me if I am wrong, but that is the best price I have seen on a 3.8 ultimate (and the Ibiza / Ivory is a great choice). Interesting that you got the number from a Truecar website - I have not seen prices that good. I guess I need to look again.

Definately take a further look. My truecar experience with them was great :)
I had 3 dealers all offering me within $1000 of each other, but this dealer was the lowest price. I had been comparing this to a Ford Fusion Energi (plug in Hybrid)...they ran at about 41k for the titanium model with everything in it..but no dealer I could find through truecar would take off much more than about 4k. It just seems like the Hyundai dealers had more room to come down than Ford dealers.
Overall, I really feel like I got a LOT of car for what I paid for it, Hyundai has come through again :)
 
Back
Top