What kind of interest rates (money factor) are you guys getting with leases?

[GenesisNikon]

I tried searching the "what you paid" threads but not many posted MF or interest rate.

Should we expect 0-0.5% interest rates on leases? Even 2015's?

There are plenty of leftover 2015 Genesis 5.0 across the nation selling around $38-39K with MSRP of $52K. But when contacting them they say leases aren't good on these cars and pushed me towards 2016 models. But I checked my numbers and if they allowed leases with even 1-2% interest rates the payments are still good.

Must be corporate telling them to just outright sell the 2015 as they don't want to deal with hassle of leases on them.

 

[Mark_888]

I tried searching the "what you paid" threads but not many posted MF or interest rate.

Should we expect 0-0.5% interest rates on leases? Even 2015's?

There are plenty of leftover 2015 Genesis 5.0 across the nation selling around $38-39K with MSRP of $52K. But when contacting them they say leases aren't good on these cars and pushed me towards 2016 models. But I checked my numbers and if they allowed leases with even 1-2% interest rates the payments are still good.

Must be corporate telling them to just outright sell the 2015 as they don't want to deal with hassle of leases on them.

Residual value of a lease on a 2015 doesn't make sense compared to what the 2015's are selling for new. You would have to use a third party lease.

 

[Genesisimo]

There is another automotive web site that can provide exact residuals and MFs by state for specific vehicles.

 

[GenesisNikon]

One dealer quoted me 7.5-8% interest rate on lease. That's outrageous.

 

[GenesisAWD]

There is another automotive web site that can provide exact residuals and MFs by state for specific vehicles.

Edmunds.com in their forums section

 

[Genentec]

doesnt matter what money factor...rhe rule of thumb is to wait 2 to 3 years before jumping into a genesis. the price drop is too much to absorb.

21k for bas3 model and 26k for fully loaded 3.8 should be the price target

 

[BigTree]

I leased a '15, 3.8 Ultimate in mid-March. Hyundai Lease mf was .00012 which equates to .288% interest rate. Residual was 56% on a 3 year/10k per year lease.

With such a low lease rate I rolled the drive offs into the lease so the first time I gave Hyundai a dime was when I made the first lease payment ($395) a month after taking it home. I'm pretty happy with both the lease and the car. I thought about buying but didn't want to have any concern about residual value several years from now. If this car stays as good as it is so far, I will be looking to get into a 2019 G80!

 

[GenesisNikon]

I leased a '15, 3.8 Ultimate in mid-March. Hyundai Lease mf was .00012 which equates to .288% interest rate. Residual was 56% on a 3 year/10k per year lease.

With such a low lease rate I rolled the drive offs into the lease so the first time I gave Hyundai a dime was when I made the first lease payment ($395) a month after taking it home. I'm pretty happy with both the lease and the car. I thought about buying but didn't want to have any concern about residual value several years from now. If this car stays as good as it is so far, I will be looking to get into a 2019 G80!

What was the MSRP and your purchase price?

 

[jaminson]

I can say that the dealers lose a lot of money if they don't sell the cars this year. They have a small profit from each car and they give this lease to recompense the money which they lose. I wanted to buy a Genesis in lease some months ago but I didn't have enough money for first-rate and this car is my dream since it has appeared. I started to search for making money fast and I found some ways which I could do besides my job. In some weeks I saved enough money and I went to buy my Genesis. Now am very happy that I made my dream true.